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Michael Kirban

7 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Aug 3, 2020 by Michael Kirban · across every show →

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

Everything said about Michael Kirban, oldest first

Aug 3, 2020
Assertion Not checkable as stated
Kirban: Vita Coco signed first distributor before having a physical sample
“Yeah, it hadn't arrived. I didn't even have a sample.”
Michael Kirban Aug 3, 2020 ▶ 30:30 Vita Coco: Michael Kirban
Aug 3, 2020 positive
Assertion Not checkable as stated
Kirban: Diaspora communities drove Vita Coco's early retail adoption
“I had this instant Consumer in people from the Caribbean, people from Southeast Asia, people from Latin America, and, you know, in some cases, they would taste it, and they would buy a case.”
Michael Kirban Aug 3, 2020 ▶ 42:23 Vita Coco: Michael Kirban
Aug 3, 2020
Disclosure
Vita Coco spent entire $75K initial capital on its first production run
“So I think we had in the bank, 70, 75,000 dollars in the bank. And we spent pretty much all of it on the first production. So it was two containers of product, if I'm not mistaken.”
Michael Kirban Aug 3, 2020 ▶ 28:45 Vita Coco: Michael Kirban
Aug 3, 2020
Assertion Partly supported
Vita Coco spent $4M defending its 'Born in Brazil' tagline and won
“And we literally spent four million dollars on legal fees to fight it, and we won.”
Michael Kirban Aug 3, 2020 ▶ 1:02:37 Vita Coco: Michael Kirban
Aug 3, 2020 positive
Assertion Supported
Vita Coco had under $1M in sales during 2007 equity fundraise
“Well, we were doing less than a million dollars in sales so we were not a big company, and so, When you think about it, it's actually a decent valuation on the business at that point.”
Michael Kirban Aug 3, 2020 ▶ 47:55 Vita Coco: Michael Kirban
Aug 3, 2020 negative
Assertion Not checkable as stated
Kirban: Major New York distributor chose Zico over Vita Coco in 2004
“I remember one of the biggest distributors in New York, I went and pitched him and Mark was in there, you know, the same week. And he ended up choosing Mark.”
Michael Kirban Aug 3, 2020 ▶ 39:02 Vita Coco: Michael Kirban
Aug 3, 2020 positive
Disclosure
Vita Coco and Zico founders later became close friends and co-investors
“He's amazing. We've become friends ever since. We invested in a couple businesses together. We're good friends now.”
Michael Kirban Aug 3, 2020 ▶ 1:10:03 Vita Coco: Michael Kirban
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