Everything Allie Kamenetsky said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kamenetsky: Facebook ads have changed forever and won't get full spend
“Facebook has forever changed, and so we're never gonna go back in there full force.”
Kamenetsky: Modern Picnic generates 80-90% product margins and 60% gross margins
“So our product margins are excellent at over 80 to 90%. Gross margin goes down as still incredibly strong at around 60%, which will only continue to be strong as we grow in scale.”
Kamenetsky: Modern Picnic cut ad spend 80% while growing revenue
“But this year, we've scaled back our ad spend by 80% in an effort to preserve burn, extend our runway but we're still seeing top-line growth, which is crazy.”
Kamenetsky: Modern Picnic surpassed $4M in cumulative sales and 20k units
“We've done over four million dollars in cumulative sales from over 20,000 units sold, all while maintaining an incredibly lean team.”
Kamenetsky: Modern Picnic maintains a $150 AOV and $60 CAC
“All of our products have an a 150 dollar AOV. We have a 60 dollar average CAC.”
Kamenetsky: Yeti built a $40M business off one cooler in four sizes
“Yeti built a forty million dollar business off of one cooler that came in four different sizes.”
Kamenetsky: Modern Picnic's returning customer rate is approximately 23% year-to-date
“So our returning customer rate is actually above industry average year to date. It's at like a 23%.”
Modern Picnic lands retail partnerships with Container Store and Nordstrom
“So, since we left you guys, we have locked in Container Store, in store and online, and with a new product that we're launching with them. We're also launching with Nordstrom, and we're also working on getting set up with Bloomingdale's.”
Modern Picnic generates a month of sales in one day from GMA feature
“We did like what we do in a month in like a day.”
Kamenetsky: Modern Picnic has millions of followers on TikTok
“Modern Picnic has done a really good job capturing the eyes of the Gen Z demo, shown by our pretty massive TikTok following. We actually have, like, millions on there, which is crazy.”