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Published · transcript-backed

David Rosenthal: uncertainty

25 Jul 2023 Acquired Nike

“His genius business plan—I don't know how much of this was part of the Stanford paper or not—is he's going to drive around to track meets in Oregon and up and down the West Coast and sell the shoes out of his car.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
25 Jul 2023
Publisher
Acquired
Episode
Nike

Transcript context

…That naivete is just dripping off of Phil at this point. It's like, oh, good, I have a business. Surely, I will make enough money to be able to quit my job and hire people. Yes. He doesn't have enough money to open a retail outlet, or even really to get enough inventory to sell wholesale to other retailers. His genius business plan—I don't know how much of this was part of the Stanford paper or not—is he's going to drive around to track meets in Oregon and up and down the West Coast and sell the shoes out of his car. Pretty awesome. That's legitimately doing the shoe leather work that no one else is willing to do and getting through that hard part to get your business off the ground, establishing proprietary distribution channels.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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