Dan Bastian, co-founder of Angie's BOOMCHICKAPOP, recalls the company's early annual revenue during retail expansion in conversation with Guy Raz.
Disclosure
Angie's BOOMCHICKAPOP financed the business with debt until $10 million revenue
“I mean, we financed everything on our own up until ten million. I mean, we had loans and we had a lot of debt and we went, you know, really, I think around the one million mark is when we went to a bank and got financing to build out our plant.”
Assertion Not checkable as stated
Dan Bastian funded a Trader Joe's order via $100,000 mail-in credit card
“And it said, ah, call for a 100,000 dollars, and I got on the phone one night and said, can we get this 100,000 dollars wired to us, and our credit was good, and so they wired us a 100,000 dollars.”
What-if
Dan Bastian: We would take more personal time if building BOOMCHICKAPOP again
“And I think both Ange and I probably would have tried to spend more time with each other, taking a step back. For us, it really did damage to us in, in the sense of just Physically, you know, our bodies, and emotionally, and all of that, and I think, you know,…”
Disclosure
Sherbrooke Capital took minority stake in Angie's without altering operations
“I mean, that's what happened with us, with Sherbrooke Capital, and They took a minority position, and we ran the company no different than when we did before they came on.”
Assertion Not checkable as stated
Trader Joe's initial Angie's order was 25 truckloads worth up to $500,000
“She put in an order for 25 trucks... That was What, four or 500,000 dollars worth.”
Assertion Not publicly verifiable
Angie's BOOMCHICKAPOP revenue reached $3 million to $4 million around 2008
“Maybe three, four million.”