February 18, 2026

#34 Ryan Duey | Co-founder of Plunge

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Plunge Built A $100 Million Brand From a Garage

Cold plunging looks mainstream now. Celebs do it. Pro athletes swear by it. Biohackers built entire routines around it. But Plunge didn’t rise from a massive wellness conglomerate. It started during COVID… in a garage… with one question:

“Do you think we can sell these?”

On this episode of the Playbook HQ Podcast, Plunge co-founder Ryan Duey breaks down how the company was born, why he believes cold plunging is first a mental health tool, and how Plunge expanded beyond cold into high-heat sauna — with design choices most traditional sauna brands never even considered.

The Origin Story | COVID, Closed Businesses, and a Garage Build

Ryan and his co-founder Michael Garrett were already deep in wellness. They ran brick-and-mortar recovery businesses: float tanks, saunas, massage — and Mike even had cryotherapy.

But one thing was missing, there wasn’t a real cold plunge product. When the pandemic hit, everything shut down. Their businesses went dark. And Mike started tinkering.

In his garage, he built a cold plunge prototype and pitched Ryan with a simple plan:

  • “What do you think… can we sell these?”
  • “Let’s try selling 20.”

They emailed their existing customer lists (instant distribution), and that “20” turned into tens of thousands of units creating the world’s #1 cold plunge brand.

Why Cold Plunging Hits Different

Ryan’s take is clear. Cold plunging is not just a recovery trend. It’s not just inflammation or soreness.

It’s a mental health tool first. Every plunge forces a moment of controlled chaos:

  • You lose your breath
  • Your nervous system spikes
  • You meet discomfort on purpose
  • Then you come out with clarity

He talks about the immediate chemical shift people feel:

  • norepinephrine
  • dopamine
  • nervous system regulation
  • hormesis — doing hard things to build resilience

And he frames it with one of the best lines in the episode. If cold plunging came in pill form, people would be addicted to it.

“It’s better than any pill that’s out there. The onset is quicker… you just have to do something uncomfortable.”

Ryan also makes a critical point. Cold is like training — there’s a right way and wrong way to do it. Done intentionally, it can be a major lever. Done poorly, it can backfire.

The Real-Life Proof | A Letter Ryan Will Never Forget

Ryan shares a story that hit hard.

A Plunge customer sent him a handwritten letter — describing a serious mental health crisis and suicidal ideation. Cold plunge became a turning point. Not a cure-all, but a catalyst.

Ryan says he read the letter to the entire team. There were alot of tears. It’s an extreme example, but it captures something real: these tools can shift momentum — fast. Not everyone is at rock bottom. But many people are stuck. And cold can help create a moment of forward motion.

Plunge Didn’t Stop at Cold | The Sauna Expansion

Most people think Plunge only makes cold plunges. But their customers pulled them into a second product line: high-heat traditional sauna.

Ryan says it wasn’t part of the plan. They simply listened:

  • Customers asked who to buy from
  • Plunge surveyed their audience
  • ~40% said they were actively shopping for a sauna

So they built one — and they attacked the pain points traditional sauna buyers know too well:

1) Heat that actually hits the science threshold
Most sauna studies cluster around 175°F+.
They designed for high heat as a non-negotiable.

2) A modern form factor that matches the Plunge design language
Clean angles. Futuristic but simple. Looks like a Plunge product.

3) Comfort inside the box
A backrest you can actually lean into. Seating that keeps you high in the heat.

4) Modular assembly
Traditional saunas often arrive as a pile of wood and a weekend-long DIY project.
They wanted something closer to the simplicity of infrared assembly — but with true traditional heat.

It took about 24 months from concept to launch. Then they dropped the Sauna Mini — solving for people who want high heat with a smaller footprint.

Inspiration & Operating Mindset

When I asked who histop inspirations are Ryan names the top two that came to mind.

  • Evan Harrison — CEO of Kiss the Ground; previously iHeartRadio CEO. Ryan admires leaders who can handle people and hard business decisions.
  • Jesse Itzler — A model of turning passions into real businesses while still protecting family life.

He values a specific archetype: hard forward + high integrity + real operator.

HYROX and the Performance Culture Shift

Ryan recently completed a HYROX — and he loved it. Not because it’s his “big thing” right now, but because the event was a masterclass in execution. He remembers HYROX approaching Plunge early, when they were small but It didn’t fit at the time.

Now he’s watching HYROX fill a void left by CrossFit — and scale globally. He also shares a real-life reality: he just became a dad three and a half months ago — so expectations shifted. The goal was to show up and finish strong.

New Dad, Same Mission |How He’s Balancing Life Right Now

Ryan’s not pretending he has it solved. But he’s found a few anchors:

  • Cold + sauna = fast hard resets | 2 minutes of cold. 20 minutes of sauna. When time is limited, these tools still deliver.
  • Morning walks with his baby in a carrier | He gets sunrise, steps, phone work, and bonding — all in one block.
  • Night help for sleep | Not cheap, but it was the best move for being more present at work and at home.

“I wasn’t doing anything well. Too tired at work, too tired at home. We had to solve the nighttime thing.”

Ryan Duey’s Flow Stack

Ryan’s stack is about resets, not complexity.

Cold Plunge Protocol

  • First thing in the morning
  • 50°F
  • 2 minutes
  • He follows what he calls a “glide path”:
    spike heart rate → control breath → bring HR down below entry level → get out

Sauna Protocol

  • Typically at night
  • ~20 minutes
  • Especially important on days he doesn’t work out
  • His rule: “Sweat and sleep solve 99% of my problems.”

Mini Rebounder (Trampoline)

  • 60 seconds
  • Another quick nervous system reset when time is tight

Nutrition & Supplements

  • Momentous (whey + creatine are staples)
  • Relyte electrolytes
  • Hits the supplements fundamentals: multivitamin, berberine, etc.

Health Tracking

  • Bloodwork every 3–4 months
  • DEXA scan 2x per year
  • Wearables: cycles on/off (Whoop and Oura), checks baseline, then steps away

Sleep Setup

  • Sound machine
  • Blackout room
  • Temperature controlled
  • Falls asleep to history podcasts (European history + Roman era through Renaissance)

He calls history his off-switch: a way to leave business behind and reset his brain.

Where to Find Plunge and Ryan

The Playbook Take

Plunge didn’t just ride the cold plunge wave — they created it. And what makes their approach different is simple: they build tools that fit real life. Fast resets. High heat. High design. And a philosophy that performance starts in the mind.