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The Importance of Raising Capital for Growth
In 2014, I think our plan was to do like $10 million of revenue or something and by like June, we'd already done $10 million revenue. And then at the same time, we were recognizing we were running out of factory capacity. So as a result, we ended up raising a fair bit of capital. Part of that was obviously the quality of the product and the design and the price point. But did you also see Gillette lowering its price to start to match what you guys and some of the other competitive companies were offering at lower rates? Yeah,. I think actually when we really started to sort of have competitors take notice was after we launched a retail. We met target