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Aman Advani

1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

13statements → 8claims → 2claims resolved → 3.62/5average certainty → 1.15/5average debate potential → 6said about them ↓

2 supported 0 partly supported 0 contradicted 6 not checkable as stated how the 8 claims stand · each chip opens the sources

2 predictions · 6 assertions · 5 disclosures · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 2 are resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Aman argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Advani: Ministry of Supply set a Kickstarter fashion record raising $429k
“429,000, I think in that month. And at the time that was kind of a behemoth on Kickstarter. I think Since that's been dwarfed a few times, but at the time, it was kind of the record holder for biggest fashion projects, and more than anything, just a validation…”
Aman Advani Jun 17, 2016 ▶ 2:55 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Aman Advani on measured tape to publish a rate. This says nothing about how they speak.

Everything Aman Advani said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated
Advani: Ministry of Supply has doubled its business annually since launch
“The business has doubled year over year since that first year, that was and we, we've doubled the business year over year, and we'll continue to do that.”
Aman Advani Jun 17, 2016 ▶ 4:10 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Prediction Not checkable as stated
Advani: Ministry of Supply will achieve profitability by late 2016 or early 2017
“We are approaching profitability much faster than I think a lot of our predecessors in the sense that ideally late this year, early next year, we'll cross that milestone.”
Aman Advani Jun 17, 2016 ▶ 6:57 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Supported
Advani: Ministry of Supply set a Kickstarter fashion record raising $429k
“429,000, I think in that month. And at the time that was kind of a behemoth on Kickstarter. I think Since that's been dwarfed a few times, but at the time, it was kind of the record holder for biggest fashion projects, and more than anything, just a validation…”
Aman Advani Jun 17, 2016 ▶ 2:55 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Disclosure
Advani says Ministry of Supply lost money on its initial Kickstarter
“We didn't have a good grasp on kind of the at scale cost of goods. And on top of that, we didn't properly factor in packaging or returns or anything like that. So we joke in hindsight that we probably lost a decent amount of money on the whole thing where our …”
Aman Advani Jun 17, 2016 ▶ 3:42 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Not checkable as stated
Advani: Ministry of Supply has shipped over 100,000 units
“So, and we, we've shipped out over a 100,000 units.”
Aman Advani Jun 17, 2016 ▶ 4:19 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Not checkable as stated
Advani: Ministry of Supply customers make their second purchase within 22 days
“Our second purchase typically happens about 22 days after the first.”
Aman Advani Jun 17, 2016 ▶ 5:10 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Disclosure
Advani: Ministry of Supply has raised about $7 million in outside capital
“We've taken on about seven million outside financing and use that money very efficiently.”
Aman Advani Jun 17, 2016 ▶ 5:57 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Not checkable as stated
Advani: Ministry of Supply repeat rate has doubled since year one
“It's doubled from year one till present.”
Aman Advani Jun 17, 2016 ▶ 9:24 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Not checkable as stated
Advani: Wholesale accounts for under 5% of Ministry of Supply sales
“Less than five percent of our business is a couple of key wholesale partners that we sell through that are great at telling our story.”
Aman Advani Jun 17, 2016 ▶ 10:15 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Assertion Supported
Advani: D2C apparel commands higher gross margins within 30% to 60% range
“I'd say anywhere between 30 and 60% is a good guess. It depends on the model. So you'll, you'll tend to see lower numbers when you look at companies who have a bigger B to B business. Where they don't sell direct to the consumer versus companies who sell direc…”
Aman Advani Jun 17, 2016 ▶ 11:20 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Disclosure
Advani: Ministry of Supply holds $500k to $1M in inventory
“Candidly, just throwing numbers that we're holding, you know, at any given moment, somewhere between a half a million and a million bucks of inventory.”
Aman Advani Jun 17, 2016 ▶ 16:38 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Disclosure
Advani: Ministry of Supply avoids heavy machinery assets on its balance sheet
“No, no, no. And we don't we tend to either lease machinery or buy small machinery and then also leverage centers like the sports tech Institute in the UK or to leverage other facilities that we can get our hands on.”
Aman Advani Jun 17, 2016 ▶ 12:31 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani
Disclosure
Advani: Ministry of Supply targets 4 to 5 inventory turns per year
“So inventory turns a good rate for us would be somewhere in the four to five turns a year, right? So holding two to three months of inventory at a time.”
Aman Advani Jun 17, 2016 ▶ 16:21 MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Advani

The other half of the tape: Aman Advani's own voice is left out of every number here. Other people bring the name up 6 times in 2 episodes on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 6

Every mention by year

tap a year for its mentions
0031622016episodesmentions
0122016episodes it came up in
001.51322016episodesmentions per episode
2016 6 mentions in 2 episodes 3 per episode

Appearances (1)

EpisodeDateSpeaking time
MIT Grad Reinventing Clothes with $7,000,000 Raised and $500k on Kickstarter, EP 295: Aman Jun 17, 2016 10m
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