Dave Pankratz – Co-Founder of Exchange Collective
Dave Pankratz is the co-founder of Exchange Collective, a platform helping retailers add products with zero risk by connecting directly with brands. Based in San Diego, Dave and his twin brother turned their retail background into a powerful solution for both store owners and manufacturers navigating the challenges of inventory, e-commerce, and customer demand.
Key Takeaways from the Episode:
- Started Young – Dave and his twin brother opened their first skate shop at just 19 years old, eventually expanding to four retail locations.
- Born from Experience – Exchange Collective was inspired by real-world struggles in retail, like losing sales when customers wanted products not in stock.
- Zero Risk for Retailers – Retailers can offer new products without buying or storing inventory, making every transaction pure profit.
- COVID Acceleration – The pandemic highlighted the importance of multiple sales channels, pushing more brands to adopt Exchange Collective’s platform.
- Amazon-Level Power for Small Shops – Exchange Collective gives mom-and-pop stores the ability to sell like Amazon, without the overhead of carrying massive inventory.
Ready to be the CEO of your life? Watch the full episode on YouTube: https://www.youtube.com/watch?v=zi7U03Gf24g
Memorable Quote:
"You can’t take margin to the bank—margin sits on your shelf. With our platform, every sale is pure profit because you never carried the product in the first place." – Dave Pankratz