The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 18 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Rahal: Packaging design must assume consumers are 'stupid and lazy'
“One of my sort of design principles, it's a bit crude, but I think it's a very good approach to packaging design, is like, the consumers are stupid and lazy. Stupid in the sense that they don't really care that much, The brand is supposed to make it easy for t…”
Rahal: Early-stage startups must break conventional rules without breaking the law
“In an early stage of a business, you can't break the law, but you kind of have to break the rules a little bit”
Rahal: RXBAR and David scaled through aggressive product sampling
“And that's what we did at our accident. That's at David. We're doing it as well. Like we're sample, we sample like crazy. It's like trial is so important.”
Rahal: Small-batch manufacturing enables CPG startups to bootstrap effectively
“The advantages to manufacturing and doing it in small batch is you keep your inventory really low. And so that's where your cash ultimately lays, and so we didn't really need to raise a lot of money because we, Made a hundred bars, and then went online and sol…”
Peter Rahal: Founders often overlook niche markets because they appear too small
“I think a lot of people look at niches and, or look at a small segment, and then it's not big enough for them.”
Rahal: Entry-level jobs push people with dyslexia toward entrepreneurship
“Honestly, I think a lot of entry-level jobs require sequential tasks and linear thinking, and I'm just not set up for it, and I think that's why you see a lot of entrepreneurs who are dyslexic.”
Rahal: RXBAR preferred remote CrossFit gyms over local Chicago grocery store shelves
“We rather have a CrossFit customer in California than a local Chicago independent grocery store. Just because in the grocery store, we're among the sea of competition. We had no awareness. The product didn't really make sense for everyone. Whereas in a CrossFi…”
Rahal: The only existing paleo protein bar in 2012 sucked
“But from a protein perspective, there was one called AMRAP Nutrition, but it kind of sucked.”
Rahal: Dyslexic people excel at pattern recognition, holistic thinking, and strategy
“What dyslexics are good at is pattern recognition, so like facial recognition, recognizing shapes, holistic thinking, things that are really good in strategy.”
Rahal: Snack bar shoppers instinctively flip packaging to check ingredients
“In the bar market in general, if you just study and observe the shopper, you'll see they reach out, grab the product, and immediately flip it over.”
Guy Raz: RXBAR's front-of-pack ingredient transparency transformed the company
“That rebranding on RX bar transformed that company because initially it didn't look like that. It didn't say, you know, four egg whites, three dates, two cashews. But once they did that and Peter Rahal talked about this on our show years ago. It just transform…”
Rahal: RXBAR generated $600K in sales during its first nine months
“Yeah, so April, 2013 to end of year, we did 600.”
Rahal: Co-founder Jared Smith still lives in a 400-square-foot apartment
“I mean, Jared still lives in his 400 square foot apartment.”
Peter Rahal: RXBAR launched with $10,000 in total initial funding
“To start, it was like 5000 each. And I borrowed the five.”
Peter Rahal: In 2012, the market did not need another protein bar
“No one, the market didn't need another protein bar, that's for sure.”
Rahal: Discarding bad inventory dropped RXBAR's monthly sales from $500K to $120K
“300,000 dollars, 400,000 dollars. And I think about, so, in May, we did like 500,000 dollars in sales. By the end of that, like, process, because we were out of stock for two to three months, while we, like, found a new partner. We, then by, like, August, we d…”
Rahal: RXBAR negotiated the rxbar.com domain purchase from $10,000 to $1,000
“Some, you know, cyber squatter had the domain. And he wanted 10,000 for it. And I was like, fuck. Jared's like, well, let's offer a thousand. I was like, alright, let's just do it. He offered a thousand, he gave it to us.”