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David Heath

Co-Founder & Executive Chairman, Bombas · 1 appearance on the record.

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founderexecutiveinvestorLinkedIn ↗bombas.com ↗

Heath co-founded the apparel company Bombas in 2013, scaling it into a major direct-to-consumer brand donating over 150 million items to people in need. After gaining national prominence on Shark Tank, he served as the company's CEO for over a decade before transitioning to Executive Chairman.

15statements → 8claims → 2claims resolved → 3.93/5average certainty → 1.33/5average debate potential → ≈4.5/5argument clarity, estimated → 3said about them ↓

2 supported 0 partly supported 0 contradicted 6 not checkable as stated how the 8 claims stand · each chip opens the sources

8 assertions · 1 opinion · 1 insight · 5 disclosures · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 2 are resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Bombas early factory partner produced socks for Nike, Saucony, and Smartwool
“I mean, this is a factory that produces for Nike and, you know, Saucony and Smartwool and some of the biggest sock brands in the world.”
David Heath Sep 19, 2022 ▶ 34:49 Bombas: David Heath and Randy Goldberg

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
100% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Heath on measured tape to publish a rate. This says nothing about how they speak.

Everything David Heath said on How I Built This that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
David Heath: Enduring brands grow slowly, unlike VC-backed Away and Warby
“The one consistent Thing that we found in those companies that was different than our peer set of, you know, the aways and the Warby's of the world is that they didn't grow by raising hundreds of millions of dollars of capital and trying to skyrocket the highe…”
David Heath Sep 19, 2022 ▶ 1:11:56 Bombas: David Heath and Randy Goldberg
Opinion
Heath: Urban Daddy had a toxic culture built on distrust
“What was a 50%, like, amazing office environment with super talented, you know, people that were doing great work with a 50%, like, pretty toxic culture that was built on a lack of transparency and a lack of trust, and I think our bond was further forged by th…”
David Heath Sep 19, 2022 ▶ 23:22 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Heath: Bombas emailed 12,000 scraped Gmail contacts to launch crowdfunding campaign
“I found a way to download my entire Gmail contact database. And I don't mean like just the people that are like in my contacts. I mean, every single person that I'd ever emailed with ever in my Gmail, you can like find a way to do this in Gmail. And I remember…”
David Heath Sep 19, 2022 ▶ 49:54 Bombas: David Heath and Randy Goldberg
Disclosure
Heath: Bombas closed $1M seed and renegotiated Daymond John deal
“And we just closed our million dollars of seed funding and basically said, look, we don't need any more cash. So, you know, can we renegotiate the deal to provide you with some upside with no kind of cash investment? And the two of us Damon and Bombas came to …”
David Heath Sep 19, 2022 ▶ 1:06:34 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Bombas generated $1.2M in sales within two months of Shark Tank
“In the first 13 months before Shark Tank, we did about 900,000 dollars in sales pretty organically. And then in the two months following Shark Tank, we did 1.2 million. It sold out of every single item of product that we had leading into holiday.”
David Heath Sep 19, 2022 ▶ 1:10:32 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Heath: Sold $400k of Cutco knives over four college summers
“Over the course of the next four summers, I became one of the top sales reps in the Northeast. I'd sold like 400,000 dollars worth of Cutco knives over four summers.”
David Heath Sep 19, 2022 ▶ 4:59 Bombas: David Heath and Randy Goldberg
Assertion Supported
Bombas early factory partner produced socks for Nike, Saucony, and Smartwool
“I mean, this is a factory that produces for Nike and, you know, Saucony and Smartwool and some of the biggest sock brands in the world.”
David Heath Sep 19, 2022 ▶ 34:49 Bombas: David Heath and Randy Goldberg
Disclosure
David Heath had $18,000 in credit card debt at Bombas's launch
“I think by the time we launched on Indiegogo, I had about, I don't know, 12 to 18,000 dollars of credit card debt.”
David Heath Sep 19, 2022 ▶ 39:12 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Top VCs including First Round and General Catalyst rejected Bombas
“I met with first round capital, general catalyst, Maveron, you know, all the names that we know today of backing up some of the biggest and best brands and companies. And Despite having connections or relationships with people, when I showed up with a deck tal…”
David Heath Sep 19, 2022 ▶ 58:20 Bombas: David Heath and Randy Goldberg
Disclosure
Bombas never raised additional primary venture capital after early rounds
“We brought in a private equity partner, but we never raised any more primary capital.”
David Heath Sep 19, 2022 ▶ 59:26 Bombas: David Heath and Randy Goldberg
Assertion Supported
Shark Tank airs around 100 of the 150 businesses filmed
“Cause they film something like a 150 businesses and then they air like a hundred, right? So it was a 33% chance that we weren't even going to get on air.”
David Heath Sep 19, 2022 ▶ 1:05:47 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Bombas achieved profitability in its first year of operation
“We were profitable in year one in year two, we made a lot of capital investments in inventory mostly”
David Heath Sep 19, 2022 ▶ 1:12:39 Bombas: David Heath and Randy Goldberg
Assertion Not checkable as stated
Bombas growth dropped from 50% to -12% in March 2020 before surging
“We watched our business go from like 50% year over year in growth in that January To a -12% year over year growth in March of that year. And I'm grateful that within a matter of weeks it had rebounded and we were back at like 30% plus year over year and then 4…”
David Heath Sep 19, 2022 ▶ 1:13:43 Bombas: David Heath and Randy Goldberg
Disclosure
David Heath invested $50,000 of personal savings into early startup BuildingNeighbors
“And I worked on that for a year and put about 50,000 dollars of my savings into that.”
David Heath Sep 19, 2022 ▶ 15:31 Bombas: David Heath and Randy Goldberg
Disclosure
Heath: Bombas equity split was determined by capital and career risk
“I had kind of put most of the capital up front in terms of, you know, paying for the legal incorporation and some of these other things. I think the rest of it was kind of determined by, you know, who could take the risk to, you know, jump first.”
David Heath Sep 19, 2022 ▶ 40:04 Bombas: David Heath and Randy Goldberg

The other half of the tape: David Heath's own voice is left out of every number here. Other people bring the name up 3 times in 1 episode on How I Built This. every mention, with the transcript →

Who brings them up most Guy Raz 3

Every mention by year

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0112024episodes it came up in
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2024 3 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
Bombas: David Heath and Randy Goldberg Sep 19, 2022 32m
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