Assertion certainty 4/5 debate potential 1/5

Suppliers initially mistook Numi for automotive manufacturer NUMMI

Ahmed Rahim · Numi Organic Tea: Reem Hassani and Ahmed Rahim · Jul 5, 2021 · at 28:12

Ahmed Rahim, co-founder of Numi Organic Tea, discusses trying to secure packaging partners in California when launching the tea brand in the late 1990s.

0:00 / 0:17exact quote · 17.4s
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“I used to call people for packaging and I'd say I'm from NuMe. And they would call me back. They would give me all the attention in the world. I'd be like, wow, they're really helping a tiny little startup. And then later on, I realized they thought we were new me, the new United Motors Inc company, which is now Tesla.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Opinion
Ahmed Rahim credits psychedelics with saving his life and expanding his worldview.
“Well, I always say that psychedelics saved my life, and definitely gave me an awareness of what the bigger world is like”
Ahmed Rahim Jul 5, 2021 ▶ 7:49 Numi Organic Tea: Reem Hassani and Ahmed Rahim
Assertion Not checkable as stated
Starbucks acquiring Tazo drove independent coffee roasters to buy Numi instead.
“It was actually a great opportunity for us, because coffee roasters and the food service didn't want to support necessarily Starbucks, so they wanted who's the new kid on the block, and Numi was a great fit, so we actually were able to take advantage of that o…”
Ahmed Rahim Jul 5, 2021 ▶ 41:50 Numi Organic Tea: Reem Hassani and Ahmed Rahim
Assertion Not checkable as stated
Numi Tea Financed Its Launch With a $250K Line of Credit on Dad's Home
“We went to our dad and asked him if he would use the leverage of his house to get a loan. So we partnered with a bank in Cleveland and he refinanced his home and he had a line of credit on his home up To X amount, but we just started with a 250,000 dollar line…”
Ahmed Rahim Jul 5, 2021 ▶ 35:21 Numi Organic Tea: Reem Hassani and Ahmed Rahim
Assertion Not checkable as stated
Numi hit $4.5 million in revenue by year four on $2,000 salaries.
“Yeah, we were already probably north of four and a half million by year four, and we were probably taking two to 3000 a month of salary.”
Ahmed Rahim Jul 5, 2021 ▶ 47:54 Numi Organic Tea: Reem Hassani and Ahmed Rahim
Assertion Not checkable as stated
Hain Celestial made a firm acquisition offer to purchase Numi Tea.
“Yeah, they did make a hard offer.”
Ahmed Rahim Jul 5, 2021 ▶ 49:36 Numi Organic Tea: Reem Hassani and Ahmed Rahim
Disclosure
Numi tapped a $1 million credit line on their father's house.
“We just had this working line capital from the bank on our dad's house, which by then increased to almost a million dollars.”
Ahmed Rahim Jul 5, 2021 ▶ 52:24 Numi Organic Tea: Reem Hassani and Ahmed Rahim
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