why aren't all 7 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
Assertion Partly supported
Kirban: Zico switched to concentrate after Coca-Cola invested
“As soon as Coke invested in that business,
They moved to a concentrate model. So they were no longer a hundred percent pure premium coconut water, not from concentrate.”
Assertion Supported
Kirban: Vita Coco partnered with ex-employees of Zico's distributor
“The beauty about them is they were a bunch of guys that had left the distributor where Zico was sold. So not only were they a much smaller distributor, but they also had it out for that distributor and for Zico.”
Assertion Partly supported
Vita Coco spent $4M defending its 'Born in Brazil' tagline and won
“And we literally spent four million dollars on legal fees to fight it, and we won.”
Assertion Supported
Madonna and a celebrity cohort funded an entire Vita Coco investment round
“And he started making some phone calls and he, you know, called Timmy Moore and he called Matthew McConaughey, called Anthony Kiedis, a bunch of People and, you know, said, I'll take, we'll take, we'll, me and my friends, we'll take the whole round. Madonna to…”
Assertion Supported
Kirban: Red Bull China bought 25% of Vita Coco and took over distribution
“Yeah, it's actually Red Bull China, so they're the owner of the Red Bull brand in China, so they have a huge beverage company in China. They were looking to diversify, bought 25% of the business, and Became our distributor in China.”
Assertion Supported
Vita Coco had under $1M in sales during 2007 equity fundraise
“Well, we were doing less than a million dollars in sales so we were not a big company, and so,
When you think about it, it's actually a decent valuation on the business at that point.”
Assertion Supported
Kirban: Zico launched simultaneously in 2004 with nearly identical blue packaging
“He said, yeah, it's called Zico, and he showed it to me. He had a sample there, and he's like, this is the, it's almost the same thing. It's also blue, you know, it's same packaging.”