Rich Fulop

12 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Apr 20, 2020 by Rich Fulop · said 2 times in 2 episodes since 2021 · across every show →

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

Mentions by year

brought up most by Guy Raz (2)

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Everything said about Rich Fulop, oldest first

Apr 20, 2020
Insight
Framing field surveys as student projects easily disarms hesitant respondents
“A lesson we learned is easy way to disarm somebody for a quick survey is let them know it's a student project, and it very much was at the time, so.”
Rich Fulop Apr 20, 2020 ▶ 27:59 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Insight
Fulop: Textile manufacturing requires high MOQs due to loom and table scales
“Textiles are totally different, because if you think about how big a, like, uncut textile is, it's just not, you have to run thousands of yards of fabric through a loom to weave it in any particular color or fabrication, and then to cut and sew, you need, thin…”
Rich Fulop Apr 20, 2020 ▶ 32:59 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Disclosure
Rich Fulop pursued puppy portraits and vertical hot dog ventures before Brooklinen
“I had a puppy portraits business that I was trying to pursue. And I was also I was really passionate about these European style hot dogs that you eat vertically in like a baguette that I experienced when I traveled. And I wanted to really start like the next, …”
Rich Fulop Apr 20, 2020 ▶ 13:03 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020 neutral
Disclosure
An early employee's resignation allowed Vicki Fulop to draw a $50,000 salary
“And it was one of those moments that was very, very critical to the future of the business because Vicky was not pulling a salary at that point for us. So I was very, and David and I were pulling very small salaries. We had prorated 50,000 dollars or so we gav…”
Rich Fulop Apr 20, 2020 ▶ 54:44 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Assertion Supported
The Wynn Las Vegas charged nearly $1,000 for a complete bedding set
“When we took a look at the sheets, and the sheet set was 450 dollars, the duvet cover was about 350 dollars, and the pillowcases to match were about a 150 bucks. So, we put that all together, you know, we're just under a thousand dollars for that set of sheets…”
Rich Fulop Apr 20, 2020 ▶ 16:04 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020 negative
Insight
Rich Fulop: VCs rarely say no directly, preferring soft excuses
“Well, you know, with VCs, you don't really hear no, which is the frustrating part. You hear you're too soon. You're too late. Let me think about it. Check back in with me. You know, no one really wants to tell you no, that's stupid.”
Rich Fulop Apr 20, 2020 ▶ 39:17 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Disclosure
Brooklinen created Spaces marketplace after customers requested photo shoot props
“Spaces, for example, was a product of our customers repeatedly asking us about props on our photo shoots that were, like, kind of secondary in the pictures. Like, ooh, where's that cool bed frame from, or that night table, or that vase? Like, it's really like,…”
Rich Fulop Apr 20, 2020 ▶ 1:03:30 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Insight
Fulop: Customers ultimately pay a multiple of every supply chain cost
“At the end of the day, all those contribution costs, the customer ends up paying for them in a multiple of that. So they don't see it, but every little thing that's done, they end up footing a bill for it.”
Rich Fulop Apr 20, 2020 ▶ 35:52 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Disclosure
NYU Venture Fund wrote Brooklinen's only early institutional check for $100,000
“The only investor, the only institutional investor that took a chance on us was, believe it or not, the NYU Venture Fund. So here we are, four NYU students, and NYU was willing to write us a check at some point. It wasn't pre-launch, but that was the only, lik…”
Rich Fulop Apr 20, 2020 ▶ 39:43 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020 negative
Assertion Not checkable as stated
Brooklinen quickly fell into negative EBITDA after raising its Series A
“Oh yeah. We got on the drug really, really quickly with that. After we raised our series A and it was not a fatal mistake to the business, but it was certainly a point in time that was not one that was easy for me as the CEO. We dropped into the negative in te…”
Rich Fulop Apr 20, 2020 ▶ 1:01:19 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020 positive
Assertion Not checkable as stated
An Israeli manufacturer fronted Brooklinen inventory on credit to fuel scale
“I got back on a plane alone to go back to the factory in, in Israel and talk to them, and I said, hey, we want to scale this thing up, and ultimately I convinced them to front us the inventory without paying and give us, you know, some sort of favorable terms,…”
Rich Fulop Apr 20, 2020 ▶ 52:33 Brooklinen: Vicki and Rich Fulop
Apr 20, 2020
Disclosure
Brooklinen co-founders launched the company with $4,000 to $5,000 each
“If I remember correctly, we put in about four or 5000 dollars a person to incorporate and start the business, and that, that was it. We put it into the pot.”
Rich Fulop Apr 20, 2020 ▶ 31:26 Brooklinen: Vicki and Rich Fulop
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