Founder feature - Danny Taing

Hustle & Grow: Building Bokksu

The journey of Danny Taing, founder of Bokksu, exemplifies the grit, perseverance, and strategic thinking necessary to succeed in the e-commerce world. He spent years pivoting before he found his passion and established a renowned subscription box service specializing in Japanese snacks. Danny's story is one of both relentless pursuit and adaptation.

From Silicon Valley to Tokyo

Danny Taing’s story begins in the concrete jungle of New York City, where he was born and raised. After studying Japanese and psychology at Stanford, Taing landed a job at Google. However, the monotonous routine of corporate life didn’t sit well with him. “I just didn’t feel like I was being challenged,” he recalls. Yearning for something more, Taing quit his job and moved to Tokyo, immersing himself in the culture and business environment of Japan.

Working at Rakuten, a major Japanese e-commerce company, Taing honed his skills in business and technology. But even there, the rigid corporate structure stifled his creativity. It was during this time that Taing realized his true calling lay outside the confines of traditional employment. “I love the challenge. I love growing and learning new skills,” he says.

The Birth of Bokksu

Returning to New York, Taing explored various business ideas with a friend-turned-cofounder. They pivoted through multiple concepts, from career coaching platforms to C2C marketplaces, before Taing stumbled upon the idea of a subscription box for Japanese snacks. “I was passionate about Japan, and I knew there were amazing snacks that weren’t easily available in America,” Taing explains.

His co-founder did not see any potential in this last idea, so Danny had to make the tough decision to push forward solo. To him this wasn’t just a business idea; it was a mission to share his love for Japanese culture and snacks with the world.

Starting Bokksu was not without its challenges. With minimal resources, Taing personally hauled suitcases of snacks from Japan to the U.S. to fulfill the initial orders. The early days were gruelling, but the positive feedback and growing subscriber base fueled his determination. “For the first time in my life, I felt fulfilled by a job,” Taing reflects. “I wasn’t just making money; I was creating something meaningful.”

Acquisition and Integration: The High Highs and Low Lows

In mid-2023, an opportunity to acquire a competitor, Japan Crate, presented itself. Despite already leading in the DTC space, Taing saw the acquisition as a strategic move to accelerate Bokksu’s entry into retail. “They had established retail relationships, which would have taken us years to build,” Taing explains.

The acquisition process was swift but fraught with challenges. “The day after the acquisition, all the issues surfaced—HR problems, supply chain disruptions, payment issues. It was a nightmare,” Taing admits. The integration phase was particularly grueling, with Taing and his team working around the clock to resolve problems and merge the two companies’ cultures and processes.

“There were days I thought I made a mistake,” Taing confesses. “But you can’t go back. You have to keep pushing forward, minimizing risks, and making improvements.” The emotional labor was intense, with Taing struggling to keep his team motivated amidst the chaos. “The hardest part was the emotional labor—keeping people motivated and believing in a positive outcome when all we saw was a hot mess,” he shares.

Emerging Stronger: Lessons Learned

Despite the tumultuous integration, Taing believes the acquisition was ultimately beneficial. “We’ve come through the other side. Our retail business is growing faster than our DTC business, and we’re getting a lot of interest from major retailers,” he says. The experience has underscored the importance of thorough due diligence and the resilience required to navigate unexpected challenges.

For aspiring entrepreneurs, Taing’s journey offers several key takeaways:

  1. Passion Drives Persistence: Taing’s deep passion for Japanese culture and snacks fueled his perseverance through the toughest times.

  2. Be Ready to Pivot: The ability to pivot and adapt is crucial. Taing’s willingness to shift strategies kept Bokksu moving forward.

  3. Embrace the Grind: Building a successful business is a marathon, not a sprint. The journey is filled with highs and lows, and resilience is key.

  4. Strategic Acquisitions: When done right, acquisitions can provide a significant competitive advantage. However, thorough due diligence and realistic integration plans are essential.

As Bokksu continues to grow, Taing remains committed to his vision of sharing authentic Japanese snacks with the world. His story is a powerful reminder that in the world of DTC, passion, persistence, and strategic thinking can turn even the most daunting challenges into opportunities for growth.

Closing Thoughts

Danny Taing’s journey with Bokksu is a testament to the power of resilience, adaptability, and passion in the competitive DTC landscape. From hauling suitcases of snacks across continents to navigating the complex process of acquiring and integrating a competitor, Taing’s story is one of grit and determination. For e-commerce operators and marketers, it’s a powerful reminder that success is often forged in the fires of adversity.

Reply

or to participate.