GOAT

0 statements across 0 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Jul 27, 2018 by Eddy Lu · said 37 times in 8 episodes since 2017 · across every show →

Mentions by year

brought up most by Harry Stebbings (24), Eddy Lu (9), Alexis Ohanian (4)

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2024 4 mentions in 1 episode
2021 1 mention in 1 episode
2020 2 mentions in 2 episodes 1 per episode
2018 29 mentions in 3 episodes 10 per episode
2017 1 mention in 1 episode

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Everything said about GOAT, oldest first

Jul 27, 2018 neutral
Disclosure
Eddy Lu: GOAT faked early seller listings using different Home Depot tiles
“In the beginning, we were the only seller since no seller would wanted to list on code because we were unknown. So what we did is that we went to Home Depot and bought a bunch of different tiles. So you see, you have like the wood tile, those one foot by one f…”
Eddy Lu Jul 27, 2018 ▶ 15:53 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
Disclosure
Eddy Lu: GOAT rejected a $5M Series A offer post-Y Combinator
“We went out to raise, and we actually got a five million dollar offer from a top tier VC, and it was sitting for us, waiting for us at the table, and, you know, we saw the valuation. It was a fair valuation, but we actually said, Hey, you know what? We're goin…”
Eddy Lu Jul 27, 2018 ▶ 23:47 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
Disclosure
Eddy Lu secretly bought shoes on GOAT to fake their first sale
“And I went in and secretly bought a pair of shoes so that I could tell the team, Hey guys, we sold something today.”
Eddy Lu Jul 27, 2018 ▶ 19:07 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
Disclosure
Eddy Lu: Grub With Us pivoted to GOAT with $1.5M remaining
“We raised over seven million dollars and had only about one and a half million dollars left.”
Eddy Lu Jul 27, 2018 ▶ 9:21 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
Assertion Not checkable as stated
Eddy Lu: GOAT gained 100,000 users in one week during Black Friday
“So that week leading up to black Friday, we had over a 100,000 users sign up and it crashed our site every single day.”
Eddy Lu Jul 27, 2018 ▶ 20:01 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
What-if
Eddy Lu would have written off Grub With Us as an investor
“If I were them, I probably would have written us off too.”
Eddy Lu Jul 27, 2018 ▶ 9:19 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018 positive
Insight
Eddy Lu: Prime physical retail rent is equivalent to digital ad spend
“Well, for me, I don't think it impacts margin structure too much because while there's store overhead, if the store is in a Class A location, it's no different than spending money on Facebook marketing. Instead of spending it on digital ads, you're spending it…”
Eddy Lu Jul 27, 2018 ▶ 18:22 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Jul 27, 2018
Insight
Eddy Lu: Founders should execute daily micro-pivots when things are not working
“You make micro pivots even when you're building a startup and you have that initial vision. So for me, it's, you know, whether it's a micro pivot on a daily basis or a big pivot, if you know that something's not working, Just change it up.”
Eddy Lu Jul 27, 2018 ▶ 8:04 20VC: GOAT's Eddy Lu on Pivoting From Failing Social Dining App To The World's Largest Sneaker Marketplace, How The Best Founders Pick Their Investors & Why It Is Better To Be Hated than Unknown
Aug 7, 2024 positive
Disclosure
Alexis Ohanian's $10K investment in GOAT grew to $7.4 million
“So I put 10 grand, it was called Grub With Us back then. In 2011, and so that 10 grand is worth, whatever it was, three point, no, yeah, three, estimated lat, no, sorry, current last, 7.4 million dollars.”
Alexis Ohanian Aug 7, 2024 ▶ 1:13:02 Alexis Ohanian: The Full P&L Breakdown of the World's Most Valuable Women's Sports Team | E1187 · 20VC with Harry Stebbings
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