Giant Flag Rental Empire
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A niche business that manufactures and rents massive American flags for major sporting events and celebrations, pioneered by a woman in Utah who solved key technical challenges in the industry.
Key Points:
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Product Innovation:
- Flags are made in 15 different pieces that latch together
- Design allows airflow to prevent wind-sail effect
- Invisible seams when viewed from a distance
- Can cover entire football field
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Business Model:
- Rental fee: $7,000-$77,000 per event
- Services 130-150 events annually
- Generates approximately $1M in annual revenue
- Operates with just two people:
- Owner/operator
- One employee who hand-sews flags from his basement
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Market Position:
- Started by buying flags for $40k and renting them out
- Evolved to manufacturing own flags to solve quality issues
- Competes with few other companies (SuperFlag and one other)
- Serves major sporting events including NFL games
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Competitive Advantage:
- Solved technical problems that plagued traditional giant flags
- Modular design makes transport and handling easier
- Established reputation in niche market
- Low overhead with minimal staff
22:01 - 24:10
Full video: 53:49SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.