Miki Agrawal reflects on investor skepticism regarding consumer adoption for bidet products in the American market.
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.”
Opinion
Agrawal: Bidets lack US adoption due to pricing and millennial messaging
“They are, but they haven't become ubiquitous, mainly because of the price point and because of the cultural relevance. Like, they don't know how to talk to Especially the millennial consumer.”
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…”