DTC Mattress Company
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Casper is a sleep startup that launches a comfortable mattress sold directly to consumers, eliminating commission driven, inflated prices. Casper's mattresses are developed in-house by a team of product engineers with experience from IDEO. The company developed a line of core sleep products, including the Casper pillow, sheets, foundation, bed frame, duvet, and a dog mattress.
The startup was founded in 2014 and is based in New York, United States.
"The company’s five co-founders struggled to convince investors that an online mattress startup could be the next big idea.
“At the beginning, we met with dozens of investors who all said, ‘No one is ever going to buy a mattress online. This is a dumb idea, don’t do it,’” Parikh, who is now Casper’s chief strategy officer, tells CNBC Make It.
But Parikh and his fellow co-founders (including the CEO, Krim, along with T. Luke Sherwin, Jeff Chapin and Gabriel Flateman) were convinced that they could help revolutionize the nearly $39 billion global mattress industry by designing a high-quality, custom multi-layer foam mattress that could be squeezed into a three-and-a-half foot-tall box and shipped across North America.
Without any significant outside investments, Casper’s founders first had to put up their own money and when that ran out use their own credit cards to pay for the most basic start-up costs, including manufacturing the first sample mattresses and paying to ship them to prospective investors." (CNBC Make It).
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