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 38 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
Chapman: Hykso can become the next Strava or Peloton
“I think there's a future here. I think you can become something like a Strava or a Peloton.”
Chapman: Howie Diamond is going to lose out by passing on Hykso
“Howie's going to lose out on this one.”
Manus: Gym-first adoption beats direct-to-consumer for fitness hardware
“I think they're doing it the right way, where they have the gym marketing dollars behind them, and the adoption will be in the gym, and then they can expand it into at home.”
Chapman: Hykso can become the next Strava or Peloton
“I think there's a future here. I think you can become something like a Strava or a Peloton.”
Diamond: Customer LOIs are meaningless without signed contracts
“Like, to me, LOIs are, I mean, those are, that's bullshit.”
Zahar: Hykso's LOIs will turn into contracts within 4.5 months
“I think those will actually be done you know, I'd say six weeks after first shipment. So I'd say within the next four months and a half.”
Zahar: Hykso targets women aged 25 to 40 for fitness
“Right now, the target market when it comes to the users is actually women between 25 and 40 years old. They're the big market when it comes to fitness.”
Zahar: HBO spent two years trying and failing to build punch-tracking tech
“We know HBO worked for two years on a similar product, wasn't able to pull it off.”
Diamond: Passes on Hykso over narrow total addressable market concerns
“To me, I worry about, like, the, like the total addressable market, like the TAM. I think for me, it's a little too narrow, so I'm gonna pass.”
Zahar: Hykso targets women aged 25 to 40 as core user base
“Right now, the target market when it comes to the users is actually women between 25 and 40 years old. They're the big market when it comes to fitness.”
Diamond: Passing on Hykso due to narrow total addressable market
“To me, I worry about, like, the, like the total addressable market, like the TAM. I think for me, it's a little too narrow, so I'm gonna pass.”
Nadel: Will invest in Hykso if LOIs convert into paid contracts
“I'm gonna pass for now. In four and a half months, if there are contracts, I'm in even, you know, if it means a higher valuation at that point”
Zahar: HBO spent two years failing to build boxing motion tracker
“We know HBO worked for two years on a similar product, wasn't able to pull it off.”
Duquette: Building community is the key driver of gym retention
“The holy grail in a gym is community. If you can get that community feel in your gym, strengthen those relationships, you drive retention through the roof.”
Duquette: Hykso's LOI with CKO Kickboxing is worth around $2 million
“Yeah, that's around two million.”
Zahar: Hykso sold 2,500 units for $360,000 in pre-order campaign
“We decided to do a pre-order campaign, ah, that was in March, and we sold, ah, in four months, we sold 2500 units. It's 360,000 dollars.”
Muccio: Jake Chapman's investment in Hykso increased from $25k to $125k
“But Jake's investment came through. In fact, it ended up growing, From 25 K to a 125 K.”
Zahar: FightCamp raised $900k in three months for pivot
“So we ended up closing 900 in three months instead.”
Zahar: Hykso developed wearable technology with Canada's national team
“Because we were working with the national team of Canada, they needed very high accuracy.”
Nadel: Will invest in 4.5 months if LOIs convert to contracts
“In four and a half months, if there are contracts, I'm in even, you know, if it means a higher valuation at that point, because at this stage, I really like what you're doing.”
Zahar: Hykso raises $500K on $4M SAFE valuation cap
“500 K, and we raise under a safe cap at four million.”
Zahar: Hykso signed LOIs including Title Boxing Club
“So we signed two LOIs, and one was actually with the fastest growing franchise in 2015 in the US.”
Zahar: Arrow financed Hykso's first production with $175K line of credit
“Arrow is our manufacturing partner, ah, and they finance the first production run. ... So they offer a line of credit of a 175 K”
Duquette: Hykso sensors track 3D spatial position 1,000 times per second
“So what we do is full three D motion tracking. The sensor knows its position in time and space, 1000 times per second.”
Zahar: Hykso developed wearable tech with Canada's national team
“Because we were working with the national team of Canada, they needed very high accuracy.”
Zahar: Jillian Manus withdrew from Hykso deal over portfolio conflict
“Jillian actually discovered that she had a conflict of interest with one of her portfolio companies. So unfortunately she had to pull out.”
Zahar: Arrow Electronics financed Hykso's first production run
“Arrow is our manufacturing partner, ah, and they finance the first production run.”
Zahar: Hykso is raising $500K on a $4M valuation cap SAFE
“500 K and we raise under a safe cap at four million.”
Chapman: Fund followed on with an additional $100K investment into Hykso
“So they went out to do some more fundraising, and based on all this progress, we decided to increase our investment. So, you know, our initial commitment was 25,000, relatively small, but we just committed an additional 100,000 dollars to their round .”
Zahar: Hykso sold 2,500 units for $360,000 in a pre-order campaign
“Basically, when we learned that the sales cycles were so long, that was actually last January, we decided to do a pre-order campaign, ah, that was in March, and we sold, ah, in four months, we sold 2500 units. It's 360,000 dollars.”