/https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/36267137/36267137-1781006033910-8e588ba565ea5.jpg)
Operators
Sean Frank, Mike Beckham, Matt Bertulli, and Jason Panzer
How Cuts Hit $60M, Nearly Went Bankrupt & Came Back Stronger
NOV 5, 202686 MIN
/https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/36267137/36267137-1781006033910-8e588ba565ea5.jpg)
Description
Why lower AOV and a disciplined P&L saved this brand from the brink.
Steven Borrelli (Founder & CEO, Cuts), Mike Beckham (CEO, Simple Modern), and Matt Bertulli (Founder, Pela Case & Lomi) unpack how Cuts reached $60M without outside money, then nearly went under when tariffs hit 145%. Steven walks through the layoffs, the first raise, and the comeback that followed.
Selling 50K joggers sight unseen gave Cuts confidence it hadn’t earned. Steven explains how a lower AOV cut customer acquisition costs by 65%. Now Cuts is betting on elevated menswear priced below luxury labels, where winning products draw copycats.
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