Founder Mode
EPISODE 56 Jose Li, founder and CEO of 71lbs, joins Kevin and Jason to break down how he turned a frustration most companies tolerate, opaque and overcharged shipping invoices, into a 14-year-old business that has saved 5,000 customers more than $80 million. After running FedEx's retail and e-commerce practice, Jose left to tackle the two biggest pain points companies face with carriers: saving money and understanding what they're actually paying. He explains the little-known money-back guarantee policy that leaves $2 billion unclaimed every year, how COVID nearly killed the business and forced a pivot into contract negotiations (now 50%+ of revenue), and why trade shows and in-house cold calling still outperform almost everything else. Jose also shares his vision for layering weather and third-party data on top of shipping decisions, the hiring mistakes that taught him perfect FedEx résumés don't translate, and the chip on his shoulder from 800+ investor rejections that still fuels him today. CHAPTERS 00:00 / Cold Open: $2 Billion in Unclaimed Refunds 03:30 / Meet Jose Li, Founder of 71lbs 03:43 / Spotting the Gap: Two Pain Points Nobody Was Solving 07:14 / From an IP Address to a Real Business 08:30 / The Money-Back Guarantee Most Companies Don't Know About 11:50 / How COVID Almost Killed the Business 12:58 / AI, Weather Data, and the Future of Shipping Decisions 15:10 / Getting the First 10 Customers and Building a Sales Machine 23:52 / Why Trade Shows Are Still the Best Channel 26:47 / The Chip on the Shoulder That Keeps Him Going 30:16 / Founder Mode Top 5 Takeaways LINKS Connect with Jose Li 71lbs.com [https://71lbs.com] • LinkedIn [https://www.linkedin.com/in/josemli/] • X/Twitter [https://twitter.com/71lbs] Stay Connected with Founder Mode Stay Connected with Founder Mode Subscribe to our newsletter [https://gofoundermode.com/subscribe] Connect with Kevin LinkedIn [https://www.linkedin.com/in/kevinhenrikson/] • X/Twitter [https://twitter.com/KevinHenrikson] Connect with Jason LinkedIn [https://www.linkedin.com/in/jasonshafton/] • X/Twitter [https://twitter.com/jasonshafton]
57 episodios
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