Assertion Not checkable as stated
BOOMCHICKAPOP became the top-selling SKU in four months as first non-GMO popcorn
“And it was that first non-GMO branded popcorn on the market, and it became our number one selling skew in four months. The yellow bag.”
Insight
Angie Bastian: Entrepreneurs do not own their time; the business owns it
“We have the misunderstanding that when you have your own business, you, you're the, you know, you own your time. That the opposite is true. The business owns your time.”
Insight
Angie Bastian: The best time to raise capital is when you don't need it
“Even though we don't need it now, it made complete sense to us, and now we were in a position where we didn't need it, and that's the time to go ask for it.”
Assertion Not checkable as stated
BOOMCHICKAPOP secured early bank financing using founders' home as collateral
“Which was our home. Future earnings. Everything but the minivan.”
Assertion Not checkable as stated
The Minnesota Vikings charged the Bastians an $8,000 kettle corn sponsorship fee
“8000 dollars.”
Assertion Not checkable as stated
The dominance of male-named popcorn brands inspired the company name Angie's
“So we went to the grocery store, and we looked online, and what we saw at the time was in the grocery store, it was Orville, it was Vicks, it was Cracker Jack, Poppycock, Dale and Thomas, Harry and David, and I just turned to Dan, and I said, where are the pop…”
Assertion Not checkable as stated
Private equity firm Sherbrooke Capital formalized BOOMCHICKAPOP's board and equity pool
“And they helped us set up a an employee equity pool. They helped us set up a board. They helped us set up a professional sales team and build a marketing team.”
Disclosure
A 2014 TPG Growth investment provided life-changing liquidity for BOOMCHICKAPOP staff
“Yeah, those granted equity shares became liquid for our staff best three days of my career.”
Assertion Not checkable as stated
Angie Bastian named brand after finding only male-named retail popcorn competitors
“We went to the grocery store and we looked online, and what we saw at the time was in the grocery store, it was Orville, it was Vicks, it was Cracker Jack, Poppycock, Dale and Thomas, Harry and David, and I just turned to Dan and I said, where are the popcorn …”
Assertion Partly supported
BOOMCHICKAPOP became the brand's top-selling SKU within four months of launch
“It was that first non-GMO branded popcorn on the market, and it became our number one selling skew in four months.”
Insight
Angie Bastian: Hard work is essential, but fortune separates success from failure
“I've seen a lot of really good people work just as hard as us, or harder, and not experience the same good fortune that we've had, and so I think it does take, I mean, we made a conscious effort to create goodwill and positivity, and when you do that, I believ…”
Assertion Not checkable as stated
Angie and Dan Bastian made $300 on their first day of sales
“It, that, so that's November 21st, 2001. This was my first winter in Minnesota, so I decided the date that we were going to do it, and Dan was like, well, ok, November 21st. Let's see what happens. And fortunately, it was a beautiful fall day, and it took us a…”
Assertion Not checkable as stated
Minnesota Vikings charged Angie's BOOMCHICKAPOP $8,000 for early preferred sponsorship
“8000 dollars.”