Assertion certainty 4/5 debate potential 1/5

Sourcing case bases from Asia cut Grom's costs by 80%

Vincent Vanderpool · Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM · Jan 21, 2016 · at 5:00

Vincent van de Poll, co-founder of Grom, explains the unit economics and manufacturing strategy for their customizable phone cases.

0:00 / 0:04exact quote · 5.0s
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“So the protective part comes from Asia, which has reduced our cost price with about 80%.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Disclosure
Grom founders resolved 50/50 deadlock by splitting vetoes across ten departments
“We have divided the company, let's say, in 10 different departments. So I have a veto in five departments and Kuhn has a veto in five departments.”
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Assertion Supported
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Vincent Vanderpool Jan 21, 2016 ▶ 2:33 Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
Disclosure
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Vincent Vanderpool Jan 21, 2016 ▶ 5:08 Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
Assertion Not checkable as stated
Van de Poll: Grom's Product Margins Range Between 40% and 60%
“And then, you know, we have our cost price of the bumper, we have our cost price of three D printing, packaging, and fulfillment, and other stuff. And our margins typically range between 40 and 60%.”
Vincent Vanderpool Jan 21, 2016 ▶ 7:11 Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
Prediction Not checkable as stated
Van de Poll projects Grom to hit $2M-$2.2M revenue in 18 months
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Opinion
Van de Poll says Dutch culture's fear of failure slows startup learning
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Vincent Vanderpool Jan 21, 2016 ▶ 14:15 Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
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