Everything Kevin Espiritu said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Espiritu: Media is only top-of-funnel; the real business is commerce
“What I've been building this whole time is the top of a business and not the bottom of it. Like, I thought media was the whole thing. I was like, oh, actually, media is right here, and it monetizes, but the bottom is actually where, where the business lies.”
Espiritu: Every piece of content validates demand for featured products
“Every piece of content I put out is basically a search for validating demand for whatever's in that content.”
Espiritu: Epic Gardening achieved negative CAC through profitable media channels
“Well, cause, cause the thing about it is you, if you run it like that, and it was with zero dollars of paid spend, right? And so I have no acquisition cost. My acquisition cost is equal to my media. Cause that's the only way I was getting the word out, but my …”
Espiritu: Epic Gardening surpassing $100M in revenue is a foregone conclusion
“I mean, I think it's like a foregone conclusion to get above a hundred million because we have, we've made a couple acquisitions. We made two small ones and one large one. And even just sort of growing those, I think has a shot at getting us past a hundred. I …”
Kevin Espiritu: San Diego farmers markets suffer from Mexican produce fraud
“Now there's, like, farmer's market fraud, because down here in San Diego, people will drive up from Mexico with, like, mono-cropped food and just pretend, like, it's a farmer's market.”
Espiritu: Cross-platform audience funneling usually fails
“As you expand every platform, you think like, okay, well I can get someone from this one to that one. It tends not to work. You tend to have to just play each platform for what it is.”
Espiritu: The average career lifespan for a YouTuber is six years
“I'm 13 years old as a YouTuber, which is like two YouTuber lifespans. I think it lasts about six years or so.”
Espiritu: Content acts as a pre-validation engine for launching products
“The beauty of having content is that you kind of get like a pre-validation engine for what you might want to put out there.”
Espiritu: Epic Gardening scaled revenue from $500k to $7.1M before Series A
“So we went from 500 to like 2.8 million to 7.1 million the next year and then raise, raise a series a,”
Espiritu: Epic Gardening generated $7.5M in 2021 with four people
“So up until 20, 21 at tail end is when I raised the series a, it was me or contractors. So it was me, editor, a writer and an assistant. And that was it. And we had, did, we did about 7.5 million that year, mostly product sales at that point.”
Espiritu: Epic Gardening grew from 4 to 90 people after seed acquisition
“We scaled, I think from December, 21 to December, 22, from four people to about 90. Cause we use some of the funding to buy a seed seed company that had 60 people.”
Espiritu: Seed commerce is almost impossible to scale quickly without acquisition
“With seed, it's almost always going to be a buy because the infrastructure to actually like acquire seed, we have, we sell almost 800 varieties of seed, vegetables, flowers, herbs. It's nearly impossible to scale that really quickly. If they have like buyer's …”
Espiritu: Seeds Are the Only Gardening Product Requiring Annual Repurchases
“The seed margins are very good. And it's actually the only item in gardening you literally need every year. Every other thing you technically could get away with not buying again, like a raised bed or something like that.”
Espiritu: Epic Gardening entered 1,300 Petco stores due to fan buyer
“Like we're in about 1300 pet codes now. And I would say the sole reason is because The major buyer at Petco has just been an epic fan for a long time.”
Espiritu: Making YouTube videos had higher ROI than filming Magnolia TV show
“If I take those 45 days and just calculate, let's say I was making call even just 15 more videos, it would have been not only more money straight up, but more sort of brand value to the business to just make the YouTube videos.”
Espiritu Took Secondary and Kept Warehouse Real Estate in $17M Round
“I was able to take some off, which was great... I was like, you know what, I'm paying these guys, like, 30, 40 K a month in fulfillment fees. Why don't I just, like, start a separate company, buy a warehouse, and then become my own tenant, and, like, build equ…”
Espiritu: Spot farmers market fraud by asking for specific pesticide names
“You could ask, like, you know, do you spray pesticide, herbicide, fungicide? If so, like, which ones? You don't even have to know what their answers mean, but if they can't fire the answers off quickly, that's your signal that they kind of don't know what they…”
Espiritu: Epic Gardening Tripled Acquired Seed Brand's DTC Revenue Via Content
“And so we've tripled D to C just by saying we own the business. Basically we haven't done like a crazy amount of improvements. As far as like D to C goes, we just actually paid attention to it and plugged it into content.”
Espiritu: Acquired seed brand is in 75% of US independent nurseries
“We're in 75% of all independent nurseries in the country, which it would be different if like we had home Depot or target or something, and we could just say, take this line.”
Espiritu: Epic Gardening trained custom AI on internal content and databases
“So we trained the model. Just on our own internal content and then like licensed databases of let's say plant facts or weather or something like that. And so if you ask it a question or send it a picture, it'll give you the answer that the closest answer you c…”
Espiritu: Epic Gardening licensed 200 hours to Samsung FAST channel
“We have a Samsung fast channel now that we're, we've licensed 200 hours, hopefully, hopefully more soon.”
Espiritu: Epic Gardening grew from 180k to over 1M YouTube subscribers in 2020
“2020 of course was the year. I think we started that year at a 180 K on YouTube. I ended that year at over a million plus another channel, almost at a hundred K.”
Espiritu: Two-thirds of gardeners start at big-box retail
“Two thirds of gardeners spend their first dollar at a big box. We're not in any of them.”
Espiritu: Epic Gardening reached $7.4M revenue in 2021 with five people
“I think 20, 20 would have been 2.8 in revenue. So almost a six xing year on year. And then 20, 21 was 7.4 or so. And most of it was product at that point in time, and that would have been on a team of me, my garden assistant, my actual assistant, a video edito…”