Vincent van de Poll, co-founder of Grom, compares the entrepreneurial mindset in Silicon Valley to the culture in the Netherlands.
0:00 / 0:09exact quote · 9.8s
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“Yeah, the Dutch culture is sort of the opposite, you know, make sure that you never fail. So learning goes a lot slower there, I think.”
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More from Vincent Vanderpool
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.”
Vincent VanderpoolJan 21, 2016▶ 8:38Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
AssertionSupported
Grom launches 100 phone case designs on Walmart.com
“Customers on Walmart.com have access to a hundred different designs for six to eight different smartphone models.”
Vincent VanderpoolJan 21, 2016▶ 2:33Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
AssertionNot checkable as stated
Sourcing case bases from Asia cut Grom's costs by 80%
“So the protective part comes from Asia, which has reduced our cost price with about 80%.”
Vincent VanderpoolJan 21, 2016▶ 5:00Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
Disclosure
Grom Partners with 3D Systems for US On-Demand 3D Printing
“So in the U S we've partnered up with three D systems and three D systems, three D prints, all the designs on demand.”
Vincent VanderpoolJan 21, 2016▶ 5:08Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
AssertionNot 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 VanderpoolJan 21, 2016▶ 7:11Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
PredictionNot checkable as stated
Van de Poll projects Grom to hit $2M-$2.2M revenue in 18 months
“Yeah, and that should take us to a revenue between two and 2.2 million within 18 months.”
Vincent VanderpoolJan 21, 2016▶ 10:28Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
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