Travis Rosbach explains to Guy Raz how he and his partner self-funded the initial production batch of Hydro Flask drinkware after running out of capital.
Opinion
Founder Travis Rosbach claims Hydro Flask degraded its product quality post-exit
“They changed the quality. They changed the price. They've changed some of the manufacturing techniques. I don't even really drink out of the bottles anymore.”
Assertion Not checkable as stated
Klean Kanteen's inferior vacuum technique gave Hydro Flask extended market runway
“Yeah, I think Clean Canteen was the first, and when I found out that they were doing vacuum insulation, I thought, oh man, it's over, you know, we're out of business, because they're selling the single wall so well, I'm sure they're going to sell the double wa…”
Assertion Not checkable as stated
Investor Jim Collis arrived minutes before Rosbach announced Hydro Flask's shutdown
“I call everybody into the office to tell him that we're closing down and the phone rings and the lady at the front desk says, there's this guy here who wants to see you. And he says, Travis, I'm here to talk to you. And I said, I'm sorry, I'm not hiring and I'…”
Disclosure
Founder Travis Rosbach initially hated the name Hydro Flask
“My brother came up with the name hydro flask and I hated it. I thought it was a terrible idea. I didn't like the word flask, but we had to have something printed on the bottles. So we went with it”
Assertion Not checkable as stated
Rosbach tested early Hydro Flask prototypes on surfers at Waikiki Beach
“We got two. There was a red one and a blue one, 18 and 21 ounces. And went down to Waikiki Beach and put ice cubes in it and started just handing them to people. And they would get out of the water from surfing and they would see the ice and they'd say, wow, y…”
Assertion Not checkable as stated
Hydro Flask's early landed production and shipping cost was $5.25 per bottle
“Yeah, yeah, about five, 25, five-fifty, yes.”