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Andrew Kitirattragarn

10 statements across 2 episodes · 0 bullish · 4 bearish · 2 people on the record · first statement Jan 24, 2022 by Andrew Kitirattragarn · across every show →

On the record as a speaker too: Andrew Kitirattragarn's record, appearances and statements → this page counts the times other people say the name.

Everything said about Andrew Kitirattragarn, oldest first

Jan 24, 2022
Opinion
Dang Foods' early success was mostly luck, but maturity demanded execution
“I'd say, seventy-thirty luck to effort in the early years, and more recently, it's been seventy-thirty effort to luck.”
Andrew Kitirattragarn Jan 24, 2022 ▶ 1:05:27 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022 negative
Assertion Contradicted
Snack and energy bar category sales dropped 50 percent during COVID-19
“I think the data was about 50% drop in bar category sales pre and post-COVID.”
Andrew Kitirattragarn Jan 24, 2022 ▶ 58:49 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022
Disclosure
Andrew Kitirattragarn used therapy to resolve co-founder conflict with his brother
“I think for my specific situation with Vincent, like, it was important for me to get a therapist because what would happen was that a lot of tension would come up with my brother, like, I remember getting really, really angry at him, When he wasn't being defen…”
Andrew Kitirattragarn Jan 24, 2022 ▶ 1:02:34 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022 neutral
Disclosure
Dang Foods burned $400,000 per month at the start of the pandemic
“Our burn rate was like 400,000 dollars per month in the beginning, and we had to get to positive.”
Andrew Kitirattragarn Jan 24, 2022 ▶ 59:55 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022 negative
Disclosure
Dang experienced seven-week ocean freight delays due to supply chain disruptions
“We haven't exhaled, because right after that, we had these supply chain issues, whereby our ocean freight containers have been delayed about seven weeks on average.”
Andrew Kitirattragarn Jan 24, 2022 ▶ 1:00:40 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022
Disclosure
Vincent Kitirattragarn initially gave co-founder Andrew Kitirattragarn a 20 percent equity stake
“I'll give you. 20%. And you're gonna earn over three years. And then later that got modified even higher later, as I, I've been with the company longer and whatnot.”
Andrew Kitirattragarn Jan 24, 2022 ▶ 37:00 Dang Foods: Vincent and Andrew Kitirattragarn
Jan 24, 2022
Disclosure
Dang co-founders Vincent and Andrew Kitirattragarn took no salary for three years
“We weren't paying ourselves for the first three years, so we had to get outside funding to make a living. You know, up until then, we put every penny of profit back into the company because we wanted it to grow because we believed it would be worth something s…”
Vincent Kitirattragarn Jan 24, 2022 ▶ 47:49 Dang Foods: Vincent and Andrew Kitirattragarn
Nov 2, 2023 negative
Disclosure
Dang Foods halted inventory orders in 2022 to pay off creditors
“What we decided to do is, with the board's permission, we stopped ordering inventory. Because we didn't see a path forward and that the supply chain at that time was not being alleviated. So we decided that we were going to sell off our assets and have this ti…”
Andrew Kitirattragarn Nov 2, 2023 ▶ 16:11 The art of letting go with Vincent and Andrew Kitirattragarn of Dang Foods
Nov 2, 2023 negative
Assertion Not checkable as stated
Dang Foods' container costs surged from $5,000 to $22,000 in one month
“So with the container prices going up from five K to 22 K in one month, you can't increase your price on shelf by 400%.”
Andrew Kitirattragarn Nov 2, 2023 ▶ 7:22 The art of letting go with Vincent and Andrew Kitirattragarn of Dang Foods
Nov 2, 2023
Assertion Not checkable as stated
Dang Foods' average port times spiked from 50 to 100 days
“The average time in port also spiked during that time from 50 days to a hundred days, or seven weeks to 14 weeks.”
Andrew Kitirattragarn Nov 2, 2023 ▶ 16:43 The art of letting go with Vincent and Andrew Kitirattragarn of Dang Foods
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