Miki Agrawal discusses the American bidet market with investor Jillian Manus while pitching her company Tushy on The Pitch.
Prediction Not checkable as stated
Agrawal: People will not continue using toilet paper long-term
“There's no, absolute, no way in hell that People are going to continue to use toilet paper moving for the next X number of years. It's just not sustainable.”
Assertion Contradicted
Agrawal: THINX reached $50M in revenue under my leadership
“Yeah, we did fifty million under my leadership.”
Assertion Supported
Agrawal: Over 30M Americans Suffer from Ailments Solvable by Bidets
“I think, I mean, again, if you just focus on the people who have ailments, like UTIs, hemorrhoids, yeast infections, anal fissures, anal itching, all of these, that's over thirty million people.”
Assertion Not checkable as stated
Agrawal: Tushy raised $1M and is near profitability
“We raised the money, and we're pretty much profitable now, so it's actually epic. ... Nope, just raised the million.”
Disclosure
Agrawal: Tushy will fund growth via retained earnings without raising more capital
“This is the hope, was to get to profitability very quickly, and so we don't have to raise any more money. You know, it's been my goal all along. You know, just like my previous company, we just raised, you know, just what we needed, and then we hit profitabili…”
Insight
Agrawal: Boundary-pushing products require visionary investors
“If everybody believed in your product, then it would exist already. You know, it would already be in the world en masse, and the fact that it isn't means it requires a certain type of investors to see the future, to see where we're going”