GOAT
other on 3 shows · 0 statements across 0 episodes
20VC 37 
Lenny's Podcast 2 
TBPN 2
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20VC 37Lenny's Podcast 2TBPN 2
2025 2 mentions in 1 episode
2024 5 mentions in 2 episodes 3 per episode
2022 1 mention in 1 episode
2021 1 mention in 1 episode
2020 2 mentions in 2 episodes 1 per episode
- 20VC: Alexis Ohanian on Why Now Was The Right Time To Start Seven Seven Six, The 2 Very Distinct Types of Deals In Venture & The Unbundling of Social in 2021
- 20VC: Upfront's Mark Suster on COVID Redefining What A Great Company Looks Like and What Valuations Look Like, Why Pay-To-Play Is Back On The Table & Why We Will See The Death of Party Rounds
- every mention in 2020, scene by scene →
2018 29 mentions in 3 episodes 10 per episode
- 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
- 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
- 20VC: How The Best Founders Approach Bet The Company Decisions, How to Put Your Board to Work & How To Optimise Strategic Thinking on Boards with Maynard Webb, Founder @ Webb Investment Network & Everwise
- every mention in 2018, scene by scene →
every mention on every show, scene by scene, with the transcript →
12 statements about GOAT, every show
Walker: Watch collectors reject exclusive ambassadorships for multi-brand collections
“I think there's undeniably a set of collectors that That don't want to be ambassadors because they want to wear a diverse collection, right? Like I, you saw the same thing I remember sitting down with some early investors in GOAT and they capitalized that in t…”
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.”
GOAT founders originally applied to YC with a group dining concept
“When Eddie and Darshan applied, they were not doing the sneaker company. They were doing this group Sort of book a book a group dinner at a restaurant with people you don't know as a way to meet new people.”
Livingston persuaded YC partners to fund GOAT despite initial doubts
“I definitely had to convince, I mean, not that Paul, Robert, and Trevor didn't like them, but I think they really didn't think the idea was that great or just sort of where Matt was like, we have to fund them.”
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 would have written off Grub With Us as an investor
“If I were them, I probably would have written us off too.”
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: 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: 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 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: 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: 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…”