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Steve Conine

6 statements across 2 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 16, 2018 by Steve Conine · across every show →

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

Everything said about Steve Conine, oldest first

Apr 16, 2018
Disclosure
Conine: Wayfair launched Racksandstands.com with zero inventory risk via drop-shipping
“So we'd buy out of their inventory, so we had no inventory risk, so it was all drop-shipped out of distributors.”
Steve Conine Apr 16, 2018 ▶ 18:18 Wayfair: Niraj Shah & Steve Conine
Apr 16, 2018
Assertion Not checkable as stated
Steve Conine: 30-to-45-day supplier terms enabled Wayfair to self-fund
“It's been, from that day, early years on, it runs a positive cash cycle, so, you know, customers would pay us right away, and we didn't have to pay suppliers for 30 to 45 days, and so you had this kind of natural cash cushion and so, yes, it was, you know, it …”
Steve Conine Apr 16, 2018 ▶ 24:46 Wayfair: Niraj Shah & Steve Conine
Apr 16, 2018
Insight
Conine: If an entrepreneur cannot sell, they lack a viable idea
“You got to start with a sale, and if you can't sell anything, you don't have an idea, and so, you know, after kind of validating that, I guess, we sort of said it's time to walk away from this one.”
Steve Conine Apr 16, 2018 ▶ 12:32 Wayfair: Niraj Shah & Steve Conine
Apr 16, 2018 neutral
Assertion Not checkable as stated
Conine: Wayfair founders' first business was a $5 Ithaca web directory
“Our idea was actually to develop some internet directory services, and we would go downtown in Ithaca, New York, and try to pitch companies on paying us five bucks to have a listing in our internet directory, and of course, most of them would look at us like w…”
Steve Conine Apr 16, 2018 ▶ 4:44 Wayfair: Niraj Shah & Steve Conine
Apr 16, 2018
Assertion Not checkable as stated
Conine saw his paper net worth hit $27M at 24, then zero
“I remember I had this Merrill statement that says I was worth twenty seven million when I was probably like a 24 year old. And I remember thinking I'm all set. And then, you know, six months later it was basically back down to zero.”
Steve Conine Apr 16, 2018 ▶ 9:02 Wayfair: Niraj Shah & Steve Conine
Aug 29, 2020 neutral
Insight
Conine: Consumer brands must prepare for social media narrative hijacking
“Anyone who's building a big brand is going to have to be aware that their brand can be used to amplify messages. And that is going to be something they have to contend with and think about and learn how to navigate.”
Steve Conine Aug 29, 2020 ▶ 16:42 How I Built Resilience: Niraj Shah and Steve Conine of Wayfair
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