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 13 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
Park: Title Nine hired no retail specialists until passing $40M revenue
“We didn't have anybody really until we were over forty million dollars. We didn't have anybody who had retail experience, apparel experience, marketing experience. Man, we had, everybody was just true believers, product users, That are really interested in wom…”
Park: Title Nine will transition to new owner-operators over 10-15 years
“I do not need a liquidity event because of the way we have grown it. At this point, we have zero debt. We have zero outside investors. So it is a good spot for someone to come in and be able to earn a seat at the ownership table, and that is my hope, is that a…”
Park: Consistent steady execution beats taking high-risk venture-scale swings
“If you hit singles, Which we do, and we're good at. You're not gonna hit a grand slam. And that's just, you need to make your peace with that. And I think I would take the staying in the game of singles to striking out a whole bunch and every once in a while g…”
Raz: Title Nine donated $1M directly to U.S. Women's National Team players
“By the way, earlier this year, the company wrote the biggest check in its thirty-two-year history, one million dollars to the U.S. Women's National Soccer Team, just to pay their players more money so they'd get a little closer to making what the male soccer p…”
Park: Entrepreneurial success is 90% luck and 10% hard work
“So when you look at all those very lucky things, and then you add on to it all of the things, the happenstance meetings, and the people that offered me a hand up, I mean, I'd say it's 90% luck, but then what I would say is the part that I can control is the 10…”
Park: Title Nine has never prioritized purely financial shareholder value
“The sole purpose of a publicly traded company or a private equity backed company is to maximize shareholder value in purely financial terms. And plain and simple, I haven't done that.”
Park: Sports bras are the most essential athletic equipment for women
“And so, while I may not have been the quickest study, you don't have to tell me twice, and I realized, like, wow, sports bras, that is probably now I know the most essential product Piece of sports equipment for the average American woman.”
Park: Title Nine carries zero debt and has zero outside investors
“At this point, we have zero debt. We have zero outside investors.”
Park: Female Yale athletes wore men's hand-me-downs and boys' sneakers
“Me and my teammates are getting uniforms that are hand-me-down men's uniforms. I remember my buddy Regina Sullivan, she wore, I think, like a size six and a half women's shoe, but they don't make women's shoes, so she had to go to like The little kids departme…”
Park: Over 50% of first Title Nine store customers traveled two-plus hours
“The amazing thing about that store was that over 50% of the customers that came to that store came from more than two hours away.”
Park: Title Nine lost $5M in sales in late March 2020
“We should have done about Ten million dollars in sales, and we lost five million dollars of sales in the last two weeks of March alone.”