Harry's co-founder Andy Katz-Mayfield reflects on the company's financial scale at the time they acquired their German blade manufacturer, Feintechnik.
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“We went, you know, from a, you know you know, a sort of technology enabled startup You know, that was doing, I don't know what we were doing at the time, Jeff, you know, five or ten million dollars of revenue on an annualized basis to like a fully vertically integrated global consumer packaged goods company overnight”
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Insight
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Andy Katz-MayfieldJun 12, 2023▶ 46:27Harry’s Razors: Andy Katz-Mayfield and Jeff Raider
AssertionNot checkable as stated
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Andy Katz-MayfieldJun 12, 2023▶ 59:58Harry’s Razors: Andy Katz-Mayfield and Jeff Raider
AssertionNot checkable as stated
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“There is a single player that really dominates this industry. And that was also true of Warby Parker. And one of the reasons why prices were so inflated is that there was effectively a monopolist.”
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Insight
Consumer hardware like razors cannot launch with a software-style minimum viable product
“There isn't really like an MVP here. Like we need this thing to work out of the gate. Like it's a razor. We need the product to be good. We need the inventory.”
Andy Katz-MayfieldJun 12, 2023▶ 39:10Harry’s Razors: Andy Katz-Mayfield and Jeff Raider
Insight
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AssertionContradicted
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