, which is when a company hits a valuation of at least $1 billion,"with no prior funding."
He said the company had also expanded into the US, where it now has more than 100 employees in its Denver office.Gymshark was his seventh attempt at setting up a successful business, he wrote in The Sunday Times:"I just wanted a website that would transact." So when Gymshark made its first profit of just £2, Francis said it felt like they'd"won the lottery."
He and his cofounder, university friend Lewis Morgan, used everything they had to pay for a stand at the BodyPower Expo in 2013. The pair were turning over about £300 a day at that time, Francis wrote. But after the expo, Gymshark was suddenly making sales of £30,000 in 30 minutes and he realized it could be something big.
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