Blue Ribbon Sports

also referred to as: blue ribbon

13 statements across 1 episodes · 4 bullish · 0 bearish · 2 people on the record · first statement Jul 25, 2023 by David Rosenthal · said 68 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by David Rosenthal (53), Ben Gilbert (15)

tap a year for its mentions
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0112023episodes it came up in
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2023 68 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Blue Ribbon Sports, oldest first

Jul 25, 2023 positive
Assertion Partly supported
Nike Hit $3.2 Million in Revenue in 1972 After Splitting From Tiger
“That year, so this is 1972. Blue Ribbon's first full year doing sales as Nike, purely on their own. They do 3.2 million dollars in revenue. Remember, just a couple years before their last kind of full year with Tiger, they were doing half a million dollars in …”
David Rosenthal Jul 25, 2023 ▶ 1:33:40 Nike (Audio) · Acquired
Jul 25, 2023 positive
Assertion Supported
Nissho Iwai Financed Nike's Predecessor for a 4% Shoe Royalty
“Phil signs a deal, finally, with Nisho EY, and the core part of the deal is Nisho will, A, finance all of Blue Ribbon's financing needs, henceforth, pretty much at a scale that goes all the way up to the moon. I mean, they're a hundred billion dollar revenue c…”
David Rosenthal Jul 25, 2023 ▶ 1:23:45 Nike (Audio) · Acquired
Jul 25, 2023
Assertion Supported
Phil Knight's Stanford Paper Became the Business Plan for Blue Ribbon
“And in the course for Knight's final paper, He writes the business plan for Blue Ribbon Sports, pretty much word for word.”
David Rosenthal Jul 25, 2023 ▶ 11:57 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Assertion Supported
Early Nike Faced an FBI Fraud Investigation Over Bounced Payroll Checks
“Like, he got kicked out of multiple banks. The FBI got involved. They were playing it a little bit too fast and loose, where they were using every available penny to, you Buy inventory, and so there would be checks that bounced for payroll and things like that…”
Ben Gilbert Jul 25, 2023 ▶ 1:25:13 Nike (Audio) · Acquired
Jul 25, 2023 positive
Opinion
Extreme Early Financing Constraints Were Critical to Nike's Success
“Two, though, ironically, I actually, as crazy as this sounds, think it was a critical element of Nike Succeeding and becoming Nike. Because if it were too easy, there would have been a flood of other competitors. Or Onitsuka and others would have just done thi…”
David Rosenthal Jul 25, 2023 ▶ 57:28 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Assertion Supported
Phil Knight Hired Carolyn Davidson for $2 an Hour
“And the way I'm gonna do it is I'm gonna hire a part-time student from Portland State to do my advertising collateral for two dollars an hour.”
David Rosenthal Jul 25, 2023 ▶ 42:35 Nike (Audio) · Acquired
Jul 25, 2023 positive
Assertion Supported
70% of US Runners Wore Onitsuka Shoes by 1971
“They're at the point now where because of Blue Ribbon, 70% of runners in the U.S. Mind you, runners is not a large category yet, but runners in the U.S. Have Onitsuka shoes.”
Ben Gilbert Jul 25, 2023 ▶ 1:13:22 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Assertion Partly supported
Nike Inc. Was Founded in 1971 as a Subsidiary of Blue Ribbon
“So in 1971, they do create Nike Inc. It is a wholly owned subsidiary of Blue Ribbon Sports, and it is responsible for manufacturing, well, or contracting with manufacturers to make this line of shoes, this Nike-designed line of shoes owned by Blue Ribbon Sport…”
Ben Gilbert Jul 25, 2023 ▶ 1:28:44 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Assertion Supported
Phil Knight Did Not Believe in Advertising in Nike's Early Years
“Phil Knight to this point, which is hilarious given Nike today, doesn't believe in advertising, and so he's like, Fine, I'll give in to some other people who are advising me that I should make some brochures or something.”
Ben Gilbert Jul 25, 2023 ▶ 42:25 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Assertion Supported
The Name 'Nike' Was Originally Chosen For a Football Cleat Model
“This wasn't intended to be Nike. This was intended to be the name of the model of the football cleat.”
David Rosenthal Jul 25, 2023 ▶ 1:21:30 Nike (Audio) · Acquired
Jul 25, 2023 neutral
Insight
Regional Distribution Businesses Were Far More Defensible Before the Internet
“The idea that your core competency is just distributing someone else's product among a geographic area where you have a relationship with customers, that might have actually been a pretty good plan and much more defensible in a way that it's much harder to bui…”
Ben Gilbert Jul 25, 2023 ▶ 28:32 Nike (Audio) · Acquired
Jul 25, 2023
Assertion Supported
Onitsuka Paid Blue Ribbon $400,000 to Settle Lawsuit in 1974
“Ultimately, they settle for Onitsuka paying Blue Ribbon 400,000 dollars, which by this point in time is a pittance to Blue Ribbon.”
David Rosenthal Jul 25, 2023 ▶ 1:49:10 Nike (Audio) · Acquired
Jul 25, 2023
Assertion Supported
The Viral 'Nike 10 Principles' Memo Was Written by Rob Strasser
“Here are the things that are wrong with that statement. One, Phil Knight did not write it. Rob Strasser did. Two, Nike's principles. Also incorrect. When this was written, it was actually still Blue Ribbon Sports, so that it was not yet the Nike corporation. T…”
Ben Gilbert Jul 25, 2023 ▶ 2:00:32 Nike (Audio) · Acquired
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