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This founder was nearly homeless after 3 failed startup ideas. Then he built a $150 million business

Fast Company Tech Inc. May 15, 2026
This founder was nearly homeless after 3 failed startup ideas. Then he built a $150 million business
AI Summary— plain English for professionals

# Plain English Summary A tire industry insider named Jared Kugel got funded to build a search engine for tire products, but an investor pointed out that search engines don't make money—so he completely changed his idea to a mobile tire installation service instead. When that also flopped because it couldn't grow fast enough, he was broke and eating crackers and jelly before eventually pivoting again to what became a $150 million business called Tire Agent. The takeaway: successful entrepreneurs don't stick with failing ideas out of stubbornness—they're willing to change direction completely, even after getting investor money.

Jared Kugel, founder and CEO of the e-commerce site Tire Agent, began his entrepreneurial journey with a bad idea. Kugel had been working for his family’s tire distribution business for more than a decade when, in 2017, he pitched a venture capitalist on creating a search engine for tire and whee

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