Universal Standard

10 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Aug 11, 2022 by Polina Veksler · said 22 times in 2 episodes since 2022 · across every show →

Mentions by year

brought up most by Guy Raz (19), Polina Veksler (3)

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2022 22 mentions in 2 episodes 11 per episode

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Everything said about Universal Standard, oldest first

Aug 11, 2022 bullish
Assertion Contradicted
Veksler: US inclusive-size apparel market is about $100 billion
“It's about a hundred billion dollar market, and that's just in the U.S. Just in the U.S.”
Polina Veksler Aug 11, 2022 ▶ 16:25 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022 negative
Disclosure
VCs rejected Universal Standard's inclusive pitch, urging a plus-size-only model
“The response was that this is going to be really difficult. And look, they're not wrong, because inclusive fashion has traditionally been very difficult, but that it was going to be very costly, the inventory was going to be impossible to manage, consumers are…”
Polina Veksler Aug 11, 2022 ▶ 29:59 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Disclosure
Veksler: Universal Standard recently reached profitability
“Yes, we recently reached profitability.”
Polina Veksler Aug 11, 2022 ▶ 35:33 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Assertion Supported
Veksler: Universal Standard's sizing spans from 00 to 40
“Our smallest size currently is a double zero, and then we go all the way up to a size 40.”
Polina Veksler Aug 11, 2022 ▶ 20:49 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022 positive
Insight
Universal Standard blended manufacturing costs by making size 18 its medium
“The average woman in America is a size 18, so that should be our medium, and we would then manufacture clothing up and down from that, and then making that size 18 our medium, we were able to blend our costs from the very beginning.”
Polina Veksler Aug 11, 2022 ▶ 24:51 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Disclosure
Universal Standard acquired early customers primarily through free t-shirt giveaways
“So our main way for probably two, two and a half years of acquiring customers was giving out free t-shirts.”
Polina Veksler Aug 11, 2022 ▶ 36:43 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Assertion Supported
Veksler: About 70% of American women wear size 14 and above
“About 70% of American women are size 14 and above.”
Polina Veksler Aug 11, 2022 ▶ 12:09 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022 positive
Disclosure
Universal Standard lets customers exchange clothes for free if sizing changes
“So what we do is we allow our customers to buy for the size that they are today. And then if their size happens to go up or down, we allow them to exchange for a new garment for free.”
Polina Veksler Aug 11, 2022 ▶ 41:36 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Assertion Supported
Veksler: The average woman in the US wears a size 18
“The average woman in the U.S. Is a size 18”
Polina Veksler Aug 11, 2022 ▶ 12:21 HIBT Lab! Universal Standard: Polina Veksler
Aug 11, 2022
Disclosure
Universal Standard grew 60% YoY without heavy paid customer acquisition
“So we were still growing at about 60% year over year since we started, but we were never one of those startups that focused a lot on customer acquisition.”
Polina Veksler Aug 11, 2022 ▶ 35:55 HIBT Lab! Universal Standard: Polina Veksler
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