Stefan Gehrig’s side hustle was doing well — and that became a dilemma.

The Melbourne, Australia-based entrepreneur had started a gym bag brand called Knkg, also known as King Kong Apparel, in 2011. It began as a side hustle that scratched an entrepreneurial itch untouched by his academic day job, then grew into his full-time business. But by 2021, he’d hit a wall: To scale up, he needed resources that he didn’t have.

Meanwhile, in Miami, investor and former PayPal executive Keith Rabois had just helped found a startup called OpenStore, which acquires Shopify stores with growth potential. Gehrig heard about OpenStore, but wasn’t interested in selling Knkg. Then, in 2023, the startup launched another offering called OpenStore Drive, which lets Shopify owners retain ownership while handing off operations to OpenStore. That interested Gehrig a lot more.

The rest of this article is locked.

Join Entrepreneur+ today for access.

This article is from Entrepreneur.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

How to Use Technology to Run Your Company as an Executive with a Limitation

Opinions expressed by Entrepreneur contributors are their own. If you suffer a…

How to Improve Your Bottom Line by Embracing Customer Experience

Companies with the best CX strategies are more likely to achieve their…

4 Strategies for Better Email Marketing

Proven strategies to get your ecommerce brand on track. Opinions expressed by…

How This Executive Coach Started to Land Top Executives, Olympians and Celebrities as Clients

August 23, 2021 6 min read Opinions expressed by Entrepreneur contributors are…