Hat & Tat

About Hat & Tat

Craig and Steve have been getting together for decades, talking business over a beer. They decided to press record. Join Craig and Steve as they riff on the corporate world, sharing their favorite moments and anecdotes from businesses and founders. Combining decades of professional experience with the kind of shorthand only forty years of friendship can produce, Steve and Craig break down complex business concepts into conversations that you'd overhear in the boardroom or barroom.

Publisher

Craig & Steve

Category

business

Language

en

Explicit

No

First episode

15 May 2026

Latest episode

2 Oct 2026

Latest episodes

11 episodes in the feed.

1. 

   2 Oct 2026

   Hat & Tat | Slate to the Party: How this EV startup plans to disrupt the compact truck market

   Craig and Steve strip down to the bare essentials as they explore the bold, low-tech world of Slate’s $25,000 modular EV truck. They unpack how cutting out digital bloat, leaning into total customizability, and building for bare-knuckle utility can turn a simple product into a viral cult hit. Plus, they dive into the high-octane niche of affordable track racing with the Rush Auto Works lightweight speedsters. Takeaways Ditch the bloat: Strip away over-engineered digital clutter and return to simple, mechanical utility. Custom works: Unlocking cheap, plug-and-play modularity lets customers scale up features on their own dime and fosters an entire third-party ecosystem around your brand. Piggyback on existing infrastructure: Startups can bypass massive capital expenditures by seamlessly plugging into already established market networks, like Tesla's supercharger system. Embrace the "Purple Cow" strategy: Standing out in a crowded market requires building something so genuinely unique that it forces people to stop, look, and talk about it. Resources Observer: Behind This $25K Electric Truck Is Jeff Bezos's Made-in-America Mission (https://observer.com/2026/06/behind-this-25k-electric-truck-is-jeff-bezos-made-in-america-mission/) Consumer Reports: Slate Truck Review (https://www.consumerreports.org/cars/hybrids-evs/slate-truck-review-a4640495230/) Watch the Slate Truck Overview on YouTube (https://www.youtube.com/watch?v=L6_9_HHLOSY)

2. 

   18 Sept 2026

   Hat & Tat | S1E10 | Run Clubs, Pickleball, and the Hobby Boom

   Craig and Steve explore the booming economy of personal hobbies, dissecting why Americans are throwing cash at everything from singles run clubs to tabletop miniature games. They dive into high-margin niche opportunities, including eye-less pickleball safety specs, reusable paddle surfaces, and the surprisingly lucrative empire of Warhammer. Will your next big idea might come from your weekend downtime rather than a workplace frustration? Takeaways Monetize the social scene: Tap into the modern craving for community by building status-symbol products for high-growth social hobbies. Exploit the IKEA effect: Force customers to invest sweat equity into your products to build massive brand loyalty and unshakeable customer retention. Sell the razor, not just the blade: Create recurring subscription revenue streams by replacing consumable parts rather than whole high-ticket items.

3. 

   4 Sept 2026

   Hat & Tat | S1E9 | 7 Powers and Hamilton Helmer Pt. 3

   Craig and Steve wrap up their three-part series on Hamilton Helmer’s classic book, 7 Powers: The Foundations of Business Strategy. Focusing on the "sustaining" phase of a mature business, the guys break down the final 2 powers: branding and process power—exploring why brand awareness isn't the same as brand power and how operational engine rooms like Zara and Amazon build unassailable advantages over decades. From canned water for heavy metal fans to ultra-luxury $1,500 eyewear, they uncover what it takes to keep a business dominating for the long haul. Takeaways Build long-term mindshare, not just ad buzz: Real branding power lets you charge higher prices for identical products because customers associate your name with higher quality, whereas buying a flashy Super Bowl ad only gives you short-term awareness. Compound process improvements over decades: True process power cannot be bought overnight with VC cash or hired away with consultants; it requires deeply embedded cultural routines that iterate continuously over time. Position everyday commodities into cultural statements: Repackage basic, high-margin items to appeal directly to underserved subcultures, niche identities, or eco-conscious shoppers to justify premium pricing. Resources Listen to Hamilton Helmer on Invest Like the Best (https://podcasts.apple.com/us/podcast/hamilton-helmer-power-business/id1154105909?i=1000475071662) Listen to Hamilton Helmer on Acquired (https://podcasts.apple.com/us/podcast/7-powers-with-hamilton-helmer/id1050462261?i=1000544283775) Read Hamilton Helmer's 7 Powers (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319)

4. 

   21 Aug 2026

   Hat & Tat | S1E8 | 7 Powers and Hamilton Helmer Pt. 2

   Craig and Steve dive into the second installment of their three-part breakdown of Hamilton Helmer’s classic book, 7 Powers: The Foundations of Business Strategy. Focusing on the fast-growing "takeoff" phase of a company, the hosts unpack the next 3 powers: network economies, scale economies, and switching costs. From Waze’s billion-dollar acquisition and Costco’s razor-thin retail machine to the sticky software running your local restaurant, they explore what it actually takes to build an unbeatable moat as you scale. Takeaways Leverage network velocity: Build products where every new user inherently increases value for all existing users, creating a self-propelling adoption loop that forces competitors to play catch-up. Scale for structural cost advantages: Lower your per-unit operating costs through massive volume and efficiency so smaller entrants are structurally forced to operate at a financial disadvantage. Bake in friction from day one: Design deeply integrated switching barriers early into your core product rather than trying to awkwardly bolt them on later. Resources Listen to Hamilton Helmer on Invest Like the Best (https://podcasts.apple.com/us/podcast/hamilton-helmer-power-business/id1154105909?i=1000475071662) Listen to Hamilton Helmer on Acquired (https://podcasts.apple.com/us/podcast/7-powers-with-hamilton-helmer/id1050462261?i=1000544283775) Read Hamilton Helmer's 7 Powers (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319)

5. 

   7 Aug 2026

   Hat & Tat | S1E7 | 7 Powers and Hamilton Helmer

   Craig and Steve break down Hamilton Helmer’s cult-classic book, 7 Powers: The Foundations of Business Strategy, in the first of a three-part series. Zooming in on the "origination phase" of a startup, they unpack two of the seven powers: counterpositioning and cornered resources with real-world examples—ranging from Jack Bogle turning the wealth management industry upside down to microscopic tin drops getting vaporized by ultra-powerful lasers. Takeaways Counterposition against incumbents: Adopt a superior business model that established competitors literally cannot copy without torching their own primary revenue streams. Exploit institutional blind spots: Target overlooked market segments with streamlined processes that legacy players consider too small or low-margin to bother defending. Look for the pickaxes: Build sustainable advantages around the obscure, indispensable supply-chain bottlenecks that every flashy industry titan relies on to function. Resources Listen to Hamilton Helmer on Invest Like the Best (https://podcasts.apple.com/us/podcast/hamilton-helmer-power-business/id1154105909?i=1000475071662) Listen to Hamilton Helmer on Acquired (https://podcasts.apple.com/us/podcast/7-powers-with-hamilton-helmer/id1050462261?i=1000544283775) Read Hamilton Helmer's 7 Powers (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319)

6. 

   24 Jul 2026

   Hat & Tat | S1E6 | Celsius and John Fieldly

   Craig and Steve dissect the wild turnaround of Celsius and its CEO John Fieldly, tracking how a "negative calorie" weight loss drink pulled itself back from near-bankruptcy, NASDAQ delisting, and retail exile. They dive into the brand repositioning, direct-to-consumer hustle, and distribution that transformed a 12-person operation into a multi-billion-dollar beverage powerhouse. Takeaways Product is important, but in the beverage world, distribution channels and shelf space dictate whether you survive or suffocate. Pivoting from a niche weight loss drink hidden in pharmacy aisles to a broad "better-for-you" lifestyle energy drink saved the company from total obscurity. Test multiple grassroots channels—from Amazon subscriptions to campus ambassadors and 5K freebies—to build organic consumer demand before betting everything on one play. Resources Listen to John Fieldly on The Logan Bartlett Show (https://podcasts.apple.com/us/podcast/ep-116-john-fieldly-ceo-celsius-how-he-saved-celsius/id1606770839?i=1000667300218)

7. 

   10 Jul 2026

   Hat & Tat | S1E5 | Haven Lifestyles

   Craig and Steve discuss the brilliance of Haven Lifestyles, a "magazine" empire pulling in $10 million a year through high-end print real estate listings. They explore how this analog business model turns real estate lookbooks into status symbols. It turns out snail mail isn't dead. Takeaways High-end realtors pay for print features because walking into a listing presentation with a glossy lookbook makes them look elite Bypass the headache of building a traditional digital audience by using the postal service to drop your product directly onto the doorsteps of the right audience While every online marketer is fighting for attention on oversaturated screens, tangible snail mail offers a different experience Resources Listen to the original discussion on My First Million (https://podcasts.apple.com/us/podcast/3-weird-businesses-doing-%2410m-%2420m-%2430m/id1469759170?i=1000774823788)

8. 

   26 Jun 2026

   Hat & Tat | S1E4 | Pixar and Ed Catmull

   This episode breaks down the fascinating organizational psychology behind Pixar by discussing the career and management philosophies of its co-founder, Ed Catmull. The episode explores how Catmull successfully balanced cutting-edge technology with world-class storytelling while establishing workplace practices that completely stripped away fear and ego from the creative process. Takeaways Why Catmull turned down a dream job at Disney to focus entirely on making the first full-length computer-animated film. Pixar’s "Brain Trust" and how it was constructed to create candid feedback in a safe environment. People in power or perceived power should speak last in meetings to encourage new ideas and diverse opinions. Reviewing rough, daily work-in-progress eliminates the paralyzing fear of criticism. Resources Listen to Ed Catmull on Founders Podcast (https://podcasts.apple.com/us/podcast/ed-catmull-co-founder-of-pixar/id1836497887?i=1000772605875)

9. 

   12 Jun 2026

   Hat & Tat | S1E3 | Founder Mode and Airbnb

   This conversation dives into the world of Founder Mode, exploring Brian Chesky’s insights on the Invest Like the Best podcast. The episode breaks down how the Airbnb CEO took control to steer the company through a crisis, the real definition of auditing versus micromanaging, and why the future of AI might mean the end of traditional middle management layers. Takeaways Founder mode is less about micromanaging, and more about auditing and coaching employees before gradually backing away to grant them full autonomy Creating small, focused teams with direct access to top leadership to solve problems and unlock growth Maintaining grit and a willingness to do unscalable things is the path to finding product-market-fit How AI could reshape the workplace in unexpected ways Resources Listen to Brian Chesky on Invest Like the Best (https://podcasts.apple.com/us/podcast/brian-chesky-ai-founder-mode/id1154105909?i=1000766196703)

10. 

    29 May 2026

    Hat & Tat | S1E2 | Vortic

    Vortic Watch Company is a unique business that repurposes vintage pocket watches into wristwatches, focusing on storytelling, nostalgia, and American-made craftsmanship. Takeaways Storytelling and nostalgia are powerful marketing tools Challenges of domestic manufacturing and the importance of American-made craftsmanship The founder's vision for scaling production and creating a new brand

11. 

    15 May 2026

    Hat & Tat | S1E1 | The Hard Thing About Hard Things

    The conversation delves into the key takeaways from 'The Hard Thing About Hard Things' by Ben Horowitz, emphasizing the importance of embracing the struggle, leadership during tough times, the value of grit and perseverance and the impact of family support on success. The discussion also covers missed opportunities and lessons learned. Takeaways Embrace the struggle Leadership during tough times The importance of grit and perseverance The value of simplicity and utilitarianism The impact of family support on success