Everything Missy Park said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Park: Title Nine hired no retail specialists until passing $40M revenue
“We didn't have anybody really until we were over forty million dollars. We didn't have anybody who had retail experience, apparel experience, marketing experience. Man, we had, everybody was just true believers, product users, That are really interested in wom…”
Park: Consistent steady execution beats taking high-risk venture-scale swings
“If you hit singles, Which we do, and we're good at. You're not gonna hit a grand slam. And that's just, you need to make your peace with that. And I think I would take the staying in the game of singles to striking out a whole bunch and every once in a while g…”
Park: Work-life balance is a myth for great entrepreneurs and parents
“When people talk about work-life balance, I think, you know, there's really no such thing as balance. If you want to do something really great, whether that's be a great mom or be a great entrepreneur or a great business person, you're really gonna have to dig…”
Park: Title Nine has never prioritized purely financial shareholder value
“The sole purpose of a publicly traded company or a private equity backed company is to maximize shareholder value in purely financial terms. And plain and simple, I haven't done that.”
Park: Title Nine will transition to new owner-operators over 10-15 years
“I do not need a liquidity event because of the way we have grown it. At this point, we have zero debt. We have zero outside investors. So it is a good spot for someone to come in and be able to earn a seat at the ownership table, and that is my hope, is that a…”
Park: Entrepreneurial success is 90% luck and 10% hard work
“So when you look at all those very lucky things, and then you add on to it all of the things, the happenstance meetings, and the people that offered me a hand up, I mean, I'd say it's 90% luck, but then what I would say is the part that I can control is the 10…”
Park: Clean, logical retrospective founder career stories are a narrative fallacy
“I mean, I, I'm assuming you know about the narrative fallacy, right? Like this idea that we end up at a certain place, and then we make up this really nice story that proceeds logically from point A to point Z. That's just, it's just a lie.”
Park: Early athletic apparel brands simply shrank and pinked men's clothing
“Lots of manufacturers were starting to, what they used to call shrink it and pink it, and I think they still call it that. They take their men's stuff and They do it over in pink and call it a day and make it smaller.”
Park: Sports bras are the most essential athletic equipment for women
“And so, while I may not have been the quickest study, you don't have to tell me twice, and I realized, like, wow, sports bras, that is probably now I know the most essential product Piece of sports equipment for the average American woman.”
Park: Title Nine carries zero debt and has zero outside investors
“At this point, we have zero debt. We have zero outside investors.”
Park: Female Yale athletes wore men's hand-me-downs and boys' sneakers
“Me and my teammates are getting uniforms that are hand-me-down men's uniforms. I remember my buddy Regina Sullivan, she wore, I think, like a size six and a half women's shoe, but they don't make women's shoes, so she had to go to like The little kids departme…”
Park: Title Nine was founded in 1989 with $30,000 in savings
“I had like 30,000 bucks, and I can tell you.”
Park: Moving Comfort essentially funded early Title Nine through vendor credit
“Moving Comfort was one of the first businesses that, I mean, they became our bank.”
Park: Over 50% of first Title Nine store customers traveled two-plus hours
“The amazing thing about that store was that over 50% of the customers that came to that store came from more than two hours away.”
Park: Title Nine lost $5M in sales in late March 2020
“We should have done about Ten million dollars in sales, and we lost five million dollars of sales in the last two weeks of March alone.”
Park: Title IX was present throughout her high school and college years
“I was in that first generation of girls and women that were able to grow up with Title IX being in effect all the way through high school and all the way through college.”