No Street Capital: Purple Innovation Grew 128% YoY

Notes from No Street Capital’s Jeff Osher presentation from the 2020 SohnX San Francisco Conference. See the full coverage here. Q2 2020 hedge fund letters, conferences and more Jeff Osher of No Street Capital Purple Innovation Perfectly vertical integrated Dominant brand in mattress Digitally native Grew 128% YoY 1200 employees, added 10% in past few weeks to address demand Capacity constrained Public in 2018 through SPAC 4 billion market cap 18 billion in sales for mattress market 8-9 year replacement cycle Not much innovation in industry Hyper elastic polymer technology is proprietary and same with process Vertically integrated Digitally native…