Spite Pillow Inc. Update
What are you willing to pay for a high-quality, sustainably-sourced, made in America by unionized workers pillow?
It’s not cheap to manufacture. Our competitors pay $2-$3 wholesale – we are looking at 10x that, minimum. And that’s before all other expenses.
— LeGate (@williamlegate) February 9, 2021
Wow, that’s an expensive pillow to manufacture.
Usually you are looking at a cost to price ratio of 10:1 or more. This will be a $200 pillow for sure.
We won’t have to answer this question because:
1. We don’t have investors we have to deal with & compromise company mission for
2. We will be holding sizable portion of pillow co treasury in #Bitcoin https://t.co/fkvgdX6nLX— LeGate (@williamlegate) February 9, 2021
Seems smart to hold inventory in a currency that varies wildly in exchange rate. Why not Venezuelan Bolivar or Zimbabwean Dollars?
Current team:
– Me & David
– CFO (Harvard Business School alum, expert in bringing companies from idea to 9-11 figure valuations)
– Director of Comms
– 2x: executive assistants (1 for me, 1 for David)
– Wev dev / design team
– Manufacturing operations & product design team— LeGate (@williamlegate) February 9, 2021
Super top down. All the important stuff is subcontracted.
We already have a fulfillment provider who can scale to over 1 million pillow deliveries / month. That is not the bottleneck.
Bottleneck is manufacturing capacity. We will sell-out our first batch & likely many batches following very quickly, possibly within minutes. https://t.co/7HVqj7NczG
— LeGate (@williamlegate) February 9, 2021
For a company thar is supposed to be selling a physical good, that is a huge bottleneck.
Great idea re: premium monogram service. Will discuss with manufacturing partner. Would be hand-done by a unionized American factory worker, but +$40 for this seems viable for worker comp + charity donation.
Anyone else interested? https://t.co/gHeqjXju67
— LeGate (@williamlegate) February 9, 2021
$40 for monogramming on top of a $300 pillow. Yikes.
We are exploring ways to offer employee savings accounts where we match every $1 they invest into Bitcoin to hold for their retirement.
I think it's an exciting possibility. CFO will look into it this week.
— LeGate (@williamlegate) February 9, 2021
They have an insane employee compensation package thought of but they don’t have a manufacturer that can meet demand.
In the process of getting social media handles transferred to us & verified. Hoping to have them by WaPo announcement @ 6pm ET.
If anyone at Insta/Twitter can help us expedite, please DM me! https://t.co/XCZvHIv7W3
— LeGate (@williamlegate) February 9, 2021
Also, I think we will be the first pillow company that has its own TikTok account.
— LeGate (@williamlegate) February 9, 2021
TThat’s far more important that having a reliable manufacturer, viable design, or raw material supplier. They got their social media nailed down though.
We also have a jingle being produced by some of the best composers and songwriters in the entire industry. Can’t wait to share with you all!
— LeGate (@williamlegate) February 9, 2021
This is a thing?
https://twitter.com/williamlegate/status/1359121931954446336
That is an obscenely low offer to a top tier designer. Like, holy shit, I know industrial engineers who that equates to about 45 minutes in billing. Thats not even a raw sketch. Slap a zero on that for a draft design for a moderate size company logo.
Logo started & completed this morning.
Manifesto finished.
Manufacturing specs under development.
Website underway…
6pm ET. pic.twitter.com/KmNPU8XqaC
— LeGate (@williamlegate) February 9, 2021
That’s what $200 gets you. A stock doodle. What the hell does that have to do with pillows or sleep.
I just did a Google image search for “science logo” and got a dozen similar logos. This is generic as fuck.
Gotta save money for the Executive Assistant salaries.
Also, they have a manifesto?
Website is almost complete.
Y'all better buy a million pillows so I don't have to keep working 100 hour weeks 😅
— LeGate (@williamlegate) February 9, 2021
Oh they are so fucked.
This is being run like an hyped dot com start up not a boring manufacturing company making a household good that most consumers select based on price.
For the cost of one of these pillows I can buy 10 at Costco and would prefer to have 10 from Costco. Is having only one pillow a law I’m not aware of because I sleep like a baby on a mountain of cheap pillows collected over the years.
I guarantee that they will sell out of their first batch order, almost exclusively to rich Leftists who want a virtue signaling gris-gris.
They will declare that a victory even though it folds after that because they are ridiculously top heavy and are selling $300 pillows.
I also bet that they will fuck over their supplier and leave them with unsold inventory that they ordered but didn’t pay for before they folded.
We shall see.