Xero Shoes

16 statements across 1 episodes · 4 bullish · 3 bearish · 2 people on the record · first statement Mar 13, 2023 by Steven Sashen · said 13 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Guy Raz (9), Steven Sashen (4)

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2023 13 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Xero Shoes, oldest first

Mar 13, 2023
Disclosure
Xero Shoes built an email list of nearly one million subscribers
“So our email list is, you know, just shy of a million people. And we have a list that we call our inner circle list for people who raise their hand and say, they really want to help. And it's like 70,000 people.”
Steven Sashen Mar 13, 2023 ▶ 1:06:03 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Assertion Contradicted
Xero Shoes created the first outsole specifically designed for barefoot running
“These guys helped us with the initial design for what was actually the first outsole specifically designed for barefoot style running”
Lena Phoenix Mar 13, 2023 ▶ 47:51 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 positive
Assertion Not checkable as stated
Xero Shoes generated 10% of its lifetime sales in one week
“And then about 45 minutes after the airing, then the phone started blowing up as well, and the orders just started pouring in, and we did 10% of our lifetime sales volume in that week.”
Lena Phoenix Mar 13, 2023 ▶ 1:00:00 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 positive
Assertion Not publicly verifiable
Xero Shoes scaled from $114,000 to $500,000 in its first three years
“So our first year, we did a 114,000 in revenue, and the, that was our first 12 months, so late to twenty-oh nine. Late to twenty-ten. Twenty-ten... And so we, our second year in business, and we're not getting paid, you know, everything is going back into the …”
Lena Phoenix Mar 13, 2023 ▶ 45:00 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Disclosure
Xero Shoes based its closed-toe shoe shapes on 5,000 foot tracings
“So we had about 5000 foot tracings, and we mapped those out to come up with the right shape for a shoe.”
Steven Sashen Mar 13, 2023 ▶ 1:03:55 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 negative
Assertion Not checkable as stated
A multibillion-dollar rival pressured a major retailer to drop Xero Shoes
“When we were first trying to get into retail, we had a significant order that was supposed to get placed one day by a major, major retailer. And at the end of the day, the order didn't come through, and we called and said, what happened? And from investigating…”
Steven Sashen Mar 13, 2023 ▶ 1:07:59 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 positive
Assertion Not checkable as stated
Xero Shoes' website hit 270,000 concurrent visitors during Shark Tank appearance
“Yeah, we had 270,000 visitors at the same, at one time for about 12 minutes.”
Steven Sashen Mar 13, 2023 ▶ 59:54 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Disclosure
Sashen slipped 50,000 Xero Shoes business cards inside 'Born to Run' books
“I would I printed up a few thousand business cards, and I would go to bookstores and find his book, and then insert our business card in the book. and then eventually I made like 50,000 of those and sent those to customers and asked them to do the same thing…”
Steven Sashen Mar 13, 2023 ▶ 41:55 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
What-if
Xero Shoes would not exist if Vibram FiveFingers had fit Sashen properly
“Had those things fit my feet, we would have never started Zero Shoes.”
Steven Sashen Mar 13, 2023 ▶ 33:12 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 negative
Insight
Factories initially lose money on new manufacturing clients and take a bet
“It's very difficult to become a new manufacturing client because the factory is losing money on you. They're really, they're taking a bet”
Lena Phoenix Mar 13, 2023 ▶ 52:28 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Disclosure
The founders put $100,000 on credit cards to finance shoe molds
“We had put about a 100,000 dollars on those credit cards to pay for the cost of the molds, and we had to pay in advance of selling the material.”
Lena Phoenix Mar 13, 2023 ▶ 50:10 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 positive
Insight
Footwear should enable natural body movement rather than interfere with it
“The gist of it is everything we're going to talk about when it has to do with our business. It's not about footwear. It's about natural form. It's letting your body do what bodies are made to do naturally without getting in the way.”
Steven Sashen Mar 13, 2023 ▶ 28:38 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Assertion Supported
Xero Shoes achieved $48 million in net sales in 2022
“Well, we did forty eight million in net revenue, well, net sales in twenty-twenty-two.”
Lena Phoenix Mar 13, 2023 ▶ 1:13:55 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Assertion Not checkable as stated
The co-founders personally guaranteed $5 million in business debt by 2020
“By 2020, we had personally guaranteed Five million dollars in debt financing, a combination of SBA loans, the, this family office, as well as short-term lines of credit,”
Lena Phoenix Mar 13, 2023 ▶ 1:10:16 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023
Insight
Rapid business growth increases the probability of a company eventually collapsing
“The greater it is, the higher the probability of collapse, because you're always going to end up over leveraged in some way, or subject to some weird change. I mean, I think of companies that have one major wholesale account. If that one account, if anything c…”
Steven Sashen Mar 13, 2023 ▶ 1:13:02 Xero Shoes: Steven Sashen and Lena Phoenix
Mar 13, 2023 negative
Assertion Not publicly verifiable
Xero Shoes' original Chinese manufacturing partner secretly patented their design
“We learned that our first factory had actually patented our Saturnal design in China, so that was something we had to deal with.”
Lena Phoenix Mar 13, 2023 ▶ 1:01:36 Xero Shoes: Steven Sashen and Lena Phoenix
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