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.
http://gph.is/2ck6Gsc
(popcorn eating GIF)
LOL!
I had that logo on a Boy Scout Atomic Energy merit badge back in the ’60s, well mine was multicolored.
Re: “Fulfillment provider” I suspect UPS could handle that.
Re: We don’t need no stinking’ investors. Somebody is investing in this clown show, even if it’s just you. You expect me to believe that you’re going through this with no expectation of profit? Pull the other one its got bells on it.
Why do I think this is a Ponzi scheme intended to separate rich liberals from their money and leave Hogg holding the bag while LeGate retires to somewhere tropical that doesn’t have an extradition treaty with the U.S.?
If Hogg ends up disgraced and in jail LeGate will have done the world a service
You know what?
Maybe I buy a pillow from “My Pillow” as soon as these asshats start their business.
Petty little fascist assholes, I rather buy a expensive pillow from another continent then not to insult these verdammten Vollidioten.
I believe I will join you.
I’ll bet they never identify where and who is making the pillows, because they end up just ordering them from a Chinese supplier.
That’s not a stock doodle. It’s the default placeholder card for an empty React site.
IIRC, typing or copy/pasting two commands into a terminal is all that’s required to go from “never typed a single line of code” to “I have a viewable webpage.”
I don’t use Twitter, but if anyone wants to troll them with your own stock image: create-react-app.dev/docs/getting-started
$1 match for employees? They don’t have employees. They have management. So, now we know where some of the money will go. It’s like the Clinton Foundation.
Let’s see. 12M pillows per year, divided into let’s say 360M people … Everyone in the country could get a new pillow once every 30 years at that rate.
Three pillows in a lifetime.
Well, now we know how the Dems will ration out that commodity….