Philip Krim
12 statements across 1 episodes · 2 bullish · 3 bearish · 1 people on the record · first statement Jun 28, 2021 by Philip Krim · across every show →
On the record as a speaker too: Philip Krim's record, appearances and statements → this page counts the times other people say the name.
Everything said about Philip Krim, oldest first
Jun 28, 2021 neutral
Krim: Pre-launch surveys showed consumers only recalled Ikea or Tempur-Pedic mattresses
“You know, even, even at this point in time, you asked most people, and we did this survey work before we started Casper, was what kind of bed do you sleep on? Almost no one could recall it, and if you could recall it was usually either Ikea or Tempur-Pedic”
Jun 28, 2021 negative
Krim: Dismissing the rapid influx of copycat mattress startups was a mistake
“It did, and it was way bigger of an onslaught of competition than, I think, certainly I could have ever imagined, and I think this is one of the things, looking back, that, you know, was a mistake on my part. I was kind of dismissive of competition in the earl…”
Jun 28, 2021 negative
Krim: Casper sued review sites over undisclosed advertiser payments, not negative reviews
“There are some companies and some sites out there, especially at the time when we were litigating against this, that did not represent themselves as being paid by these advertisers, and they represented themselves as independent and unbiased, and that just was…”
Jun 28, 2021 positive
Krim: Negative cash conversion cycle makes e-commerce capital-efficient to launch
“And then the nice thing about the model which was, It's true also for Casper when we started it is just a, it's a negative cash conversion, which is a fancy way of saying customers give you the money to buy the goods before you have to put the money out. So it…”
Jun 28, 2021
Jun 28, 2021
Jun 28, 2021 negative
Krim: Mattress makers renamed identical beds across stores to block comparison shopping
“Right, and that was one way that you couldn't price shop it. So it very well could be that Macy's is selling ABC mattress, and Sleepy's is selling XYZ mattress. Those could be the same mattress for all intents and purposes, but you would never know that becaus…”
Jun 28, 2021 bullish
Jun 28, 2021 neutral
Krim: Early mattress giants drove online searches but lacked e-commerce
“Mattresses, I realized, like, they had big margins. It's also an industry that was very slow to embrace the internet. They were doing a lot of direct response advertising, you know, Tempur-Pedic, Sleep Number back then were growing their businesses through dir…”
Jun 28, 2021 neutral
Krim: Casper financed the Sleepopolis acquisition but had no editorial control
“They wanted to buy this site, and we talked to them about financing that acquisition so that they could operate it, and they had complete, independent editorial control, and they ran their business. We were just a financing partner for them.”
Jun 28, 2021 neutral