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 1 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
Bain Capital tied Cotopaxi executive bonuses to social impact metrics
“The first thing that they did was they tied our bonuses, our compensation as leaders in the company to our impact work.”
Cotopaxi reached profitability in 2020 and grew revenue 90% in 2022
“We ended up having our first profitable year in 2020, and it was significantly profitable. And it allowed us to pay those bonuses to our team. And then in 20, 21, we grew a little over 60%. And then in 20, 22, we grew over 90, about 90%.”
Davis Smith: Cotopaxi can become a billion-dollar business
“I believe we can go build a billion dollar business.”
Cotopaxi avoided 2020 layoffs via temporary pay cuts repaid with bonuses
“Instead of doing layoffs, we decided to cut our executive salaries in a pretty significant way, and we cut everyone's pay by 10% for three months, and then we cut it down to five percent for the rest of the year, and then by the end of the year, we ended up gi…”
Cotopaxi hired former Eddie Bauer CEO Damien Huang as president in 2022
“We just hired the CEO of Eddie Bauer, joined our team last year as the president, Damien Wong.”
Cotopaxi has aided 3.8 million people in poverty over nine years
“Over the history of our business, the last almost nine years, we've helped and aided 3.8 million people living in poverty through our efforts.”
Cotopaxi made 97% of products from recycled or remnant materials in 2022
“Last year, 97% of all of our products that we sold were made of the three, one of the three R's.”
Davis Smith: Establishing an entity in Brazil took Baby.com.br six months
“It took us six months to get a business license and entity set up.”
Baby.com.br scaled to 400 employees within 18 months of its launch
“I mean, we went to like 400 employees within 18 months of our launch.”
Smith: Kirsten Green led Cotopaxi's first round and wrote the first check
“We had Kirsten Green led our first round. This is an investor that she's backed Warby Parker and Away and Birchbox and Dollar Shave Club, and she believed in us, and she believed in our mission, and so she wrote the first check, and that was the beginning of t…”
Cotopaxi let factory sewers design one-of-a-kind bags using remnant fabric
“We went to them and said, hey, all this remnant material that we see, all this leftover, we want to use it, and we want you guys to design the bags. The only rule is to make no bag alike, and so that's been really fun.”
Cotopaxi's 'Questival' generated 30,000 social media posts on launch day
“We had 30,000 social media posts the day of our launch, of people using our bags, outliving our brand values, and it was a really special way for us to go build the brand.”
Cotopaxi: Over 100,000 people participated in Questival events
“We had over a 100,000 people participate in one of our Questable events.”
Cotopaxi hired an impact lead before its first marketing hire
“We hired a, someone to head up our impact work In the first year of our business, before we even hired someone in marketing, we hired someone in impact.”
Davis Smith: PoolTables.com generated $1 million in sales in year one
“We did, yeah, we did a million in sales our first year in business.”