Gillette failed to react competently to Dollar Shave Club's rise
David Pakman · 20VC: Dollar Shave Club's Series A & B Lead Investor, David Pakman on The Requirements For A Successful Subscription Business & Why A Lot of Investors Do Not Like Consumer · Aug 10, 2016 · at 11:35
David Pakman, Partner at Venrock, discusses why Dollar Shave Club succeeded and how legacy incumbent Gillette failed to mount an effective defense.
0:00 / 0:06exact quote · 6.6s
720p mp4 · rendered on demand · StarZero watermark
“Gillette had not still to this day has not reacted in a competent way that put any pressure on Dollar Shave Club.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from David Pakman
Pakman: Jay-Z's Tidal is doomed to ultimate failure
“So, I think Tidal's notion of exclusive content was somewhat doomed from the beginning, and I think the numbers show the product has failed. The social receptivity was really negative. And I think it will it will ultimately completely fail.”
Pakman: Media Brands Cannot Rely on Exclusive Content in Age of Abundance
“I think media is in a, you know, a complete fundamental platform shift from an age of scarcity to an age of abundance, where you can't depend on exclusive content as a way for you to build your media brand. You have to build platforms on which other people cre…”
Independent Music Streaming Services Are Unviable Because Digital Music Is Commoditized
“I think, unfortunately, it's not a good time To be a independent provider of digital music, you know, to be a music service, because as I said, they're largely commoditized. Almost no one can make money in them. None of them are profitable. So the, you know, t…”
Pakman: Apple Music will reach only 30-50M paid subscribers in 2 years
“I think there'll be a sustainable long-term digital music streaming service, but I don't think they'll get much more than, you know, I'm thinking sort of 30 to fifty million paying subscribers over the next two years, so I think my prediction is that they'll f…”
Pakman: Venture capital is too efficient at funding obvious winners
“Right now venture capital is super competitive, and it's a very efficient market at funding things that are working right now. So if you're a VC and your goal is to look for things that are exploding at this moment, that's a very competitive space, and it's go…”