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CustomMade

3 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Oct 3, 2022 by Mike Salguero · said 25 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Mike Salguero (17), Guy Raz (8)

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2022 25 mentions in 1 episode

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Everything said about CustomMade, oldest first

Oct 3, 2022 negative
Insight
Marketplaces fail for bespoke goods due to high communication friction
“Getting something custom is an incredibly intimate back and forth conversation that can be, you know, dozens of back and forth communications before anything actually happens. And we tried to like put ourselves into the middle of that. And it didn't, it just d…”
Mike Salguero Oct 3, 2022 ▶ 30:05 ButcherBox: Mike Salguero
Oct 3, 2022 positive
Assertion Supported
A co-founder bought CustomMade out of bankruptcy and pivoted to jewelry
“Seth and four other people remained at custom made. And essentially bought it out of bankruptcy. And he has done the miraculous job of pivoting it to a jewelry site.”
Mike Salguero Oct 3, 2022 ▶ 39:53 ButcherBox: Mike Salguero
Oct 3, 2022 negative
Assertion Not checkable as stated
CustomMade burned approximately $600,000 per month at its peak
“Yeah, we were burning it at about 600,000 dollars a month at our height.”
Mike Salguero Oct 3, 2022 ▶ 32:08 ButcherBox: Mike Salguero
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