Everything Matt Griffin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Griffin: Educating Women Is Key to Defeating Radicalism
“If you really want to defeat radicalism in the recruitment base forum, you just have to educate women.”
Combat Flip Flops pays a 17% tariff on Afghan imports
“I pay a 17% tariffs on all my products that I bring in.”
Griffin targets $100M revenue in five years and $1B in ten
“I have an internal goal of being a hundred million dollar company in five years, and I'd like to be at a billion in 10 years.”
Combat Flip Flops hit over $400,000 in sales by March 2016
“This year we're already capping 400 and change and we're in the first week of March.”
Griffin projects Combat Flip Flops will achieve ~8% net margin in 2016
“No, we should be at about net eight this year. Net eight percent.”
Combat Flip Flops' AK-47 sandals cost $17.50 to make, $3.90 to ship
“It costs us 17 50 to make that. And right now we're air shipping in men. So that costs about three 90 to land.”
Combat Flip Flops to cut shipping costs to $0.89 via ocean freight
“By July, we're going to go over to ocean shipping. So we'll be shipping them via container and they're going to cost us about 89 cents a piece to land. So we're going to make about another three bucks on each of those per sale.”
Griffin: Combat Flip Flops maintains $8 CPA threshold and 37% repurchase rate
“We have a eight dollar threshold on our CPA and we just try to drive as many customers. Through our funnel as possible. And we have about a 37% repurchase rate right now.”
Combat Flip Flops donates 10% of margins to Afghan women's education
“So we take 10% of our margin. Of our products that we sell, and then we contributed to an organization called Aid Afghanistan for Education that educates women to read, write, and do math, and have employable skills, so that way they can provide for their fami…”
Griffin: Combat Flip Flops generates ~$100 gross margin per cashmere shemagh
“We pay about 45 bucks each to get those through the door. And then it costs about five or six bucks to ship them. We do them in runs of 50. And, you know, we make about a hundred dollars gross margin on them. And then we contribute 15 bucks to aid Afghanistan …”
Combat Flip Flops generated over $300,000 in sales in 2015
“In 2015, we did over 300,000 dollars in sales.”
Combat Flip Flops broke even on 2015 sales
“Yeah, we just broke even on that.”
Griffin: Combat Flip Flops ran as cash-based pre-order business for 3 years
“So for the first three years of our business, we were a completely cash-based pre-order business.”
Griffin: Combat Flip Flops sold about 2,000 units in its first month
“And then we got our first samples and then we took some photos of it and then we started selling product and I sold about 2000 of them on the first month that we released.”
Griffin personally invested roughly $100k into Combat Flip Flops
“I've put in roughly a 100,000 dollars into the business.”
Top Founders 4