Streaming
A new Netflix doc covers the rapid rise and fall of his e-cigarette company.
While studying product design at Stanford University, Monsees and Adam Bowen began working on anelectronic cigarette called Ploom.
In 2007, they launched a company of the same, which they later rebranded as Pax Labs.
The purchase made Monsees, then the chief product officer, a billionaire.
Monseesdefended the companyin a congressional hearing in July 2019.
Weve certainly made missteps, Monsees testified.
I understand the criticism of some of our past actions, but we moved on very quickly.
Monseesresigned from Juulin March 2020.
A company spokesperson also confirmed to the outlet that Monsees was stepping down as an adviser and board member.
Juul nearly went bankrupt in 2022 and wasseeking $1 billionin funding in August 2023.
This article was originally published onOct.
source: www.bustle.com
