Everything Whitman Kwok said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kwok: KAV has an estimated $15M to $20M R&D moat over potential rivals
“Right now, We have probably like a 15 or twenty million dollar R&D moat between us and them.”
CavSports' 3D-printed helmet gives a two-minute edge in 60km races
“It will give a cyclist a two-minute, effectively, head start on a sixty-kilometer race. It has the highest safety ratings possible, independently verified and tested.”
Kwok: Developed hockey helmet 10x better at concussion reduction, adopted by Sharks
“So I do what engineers do and developed a hockey helmet that was about 10 X better statistically at reducing concussion risk. San Jose Sharks adopted it. A number of hockey teams started adopting it.”
Kwok: $3M seed round will bring KAV Sports to profitability by year-end
“We're doing a three million dollar seed race that is to get us a profitability at the end of this year.”
Kwok: KAV uses sub-$1,000 3D printers deployable within 24 hours
“Now we have a model where printers are under a thousand dollars. We can procure them in two days. We can set them up in a day.”
Kwok: Legacy helmet brands take 3–4 years to develop what KAV builds in four weeks
“The helmet I just showed you, that's four weeks into development. A helmet like that typically would take three or four years for the big brands to launch.”
Kwok: KAV is raising $3M at an $18M pre-money valuation
“The round is a price round led by future communities capital at the eighteen million pre valuation.”
Kwok: KAV Sports has sold about $645,000 worth of product to date
“We sold today about 645,000 dollars worth of product.”
Kwok: Cycling accounts for 50M of 65M annual sports helmets
“The sports space is about sixty-five million helmets a year. About 50 of those are in cycling. Football is about a million, whereas some of the other activities that we're sequencing first just have larger markets.”
Kwok: Construction and safety helmet market is 500M units annually
“There's other interesting things happening within the safety and construction market. Those are about five hundred million units a year.”
Kwok: KAV won the 43North competition out of 1,000 applicants
“We won 43 north there amongst the thousand applicants.”
Kwok: KAV Sports holds six patents and 35 trade secrets
“We have six patents that are filed or we are granted and we have about We have about 35 trade secrets. We have a number of trademarks around our brand, and then we have proprietary formulation and rights to all the materials.”
THE PITCHLEDGER