Frontiers: Exploring the World of Data | The Dunes of Design | Beyond the Program
In this episode our guest host, Jazmin Furtado, speaks with Ege Yurdagul, Director of Strategic Planning & Data Analysis at Revival Rugs, to explore how he leverages data to inform and make decisions in the artistic industry of Design.
They discuss:
- How Ege found himself in Design, coming from an M&A background.
- What he finds most exciting and unique working in the fast-paced, ever-changing world of Design.
- How he uses data while interacting with various teams to meet business needs without sacrificing creativity.
- And of course, some interesting facts to share!
Bio:
- Ege leads the data analytics and strategic planning team at Revival Rugs, a design-forward startup dedicated to connecting customers with authentic, well-made, and affordably-priced rugs sourced from artisans worldwide. With over 10 years of experience in M&A, due diligence, financial modeling, and valuation, Ege relies on his analytical prowess to drive informed decisions that propel Revival’s success.
- As a director at Revival, Ege spearheads inventory management, demand planning, long-term forecasting, data visualization, and operational reporting. He not only utilizes the data he organizes but also works to democratize it, empowering every team to chart the optimal course of action in their daily operations.
Transcript
Hey, listeners, Tim Winkler here, your host of The Pair Program.
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:We've got exciting news introducing our
latest partner series Beyond the Program.
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:In these special episodes, we're
passing the mic to some of our savvy
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:former guests who are returning as
guest hosts, get ready for unfiltered
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:conversations, exclusive insights,
and unexpected twist as our alumni
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:pair up with their chosen guest.
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:Each guest host is a trailblazing
expert in a unique technical field.
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:Think data, product management,
and engineering, all with a keen
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:focus on startups and career growth.
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:Look out for these bonus episodes
dropping every other week,
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:bridging the gaps between our
traditional pair program episodes.
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:So buckle up and get ready to
venture Beyond the Program.
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:Enjoy.
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:Hello
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:Jazmin Furtado: everyone.
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:And welcome to Frontiers,
Exploring the World of Data.
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:Frontiers dives into how people
are using their data science minds
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:to shape organizations and change
the landscape outside of big tech.
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:In each episode, we explore the far
reaching corners of the world of data.
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:My name is Jazmin and I'm
your host for this series.
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:I myself am passionate about
empowering people to make data
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:driven decisions, and I'm always
amazed at how others do it every day.
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:With that, I want to introduce
our guest today, Ege Yurdagul.
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:Ege is the Director of Strategic Planning
and Data Analysis at Revival Rugs.
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:A company that sells rugs made
with traditional techniques and
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:natural and recycled materials
from all over the world.
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:Revival Rugs works with artisans
and collectors in remote cities
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:notable for their weaving industries.
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:And they operate internationally
with offices in Istanbul,
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:Casablanca, Mumbai, and Oakland.
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:In fact, Iggy is dialing in
from Turkey to be with us today.
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:A little bit of a time difference.
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:Before Revival Regs, Ege worked in finance
at various companies as an analyst,
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:senior business development associate,
corporate finance manager, head of
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:finance, and also worked for a bit as
a business development manager at Nike.
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:At Revival, he focuses on both
financial and operational planning,
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:and I'm excited to get into how
he translates his finance and data
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:background to the design industry.
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:So thank you so much for
being with us here today.
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:Again, really looking
forward to our conversation.
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:Ege Yurdagul: Thank you so much.
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:Um, it's my pleasure.
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:And thank you so much for
the kind introduction and
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:also being brave enough to.
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:Try and pronounce my last name.
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:Jazmin Furtado: Thank you.
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:I hold that as a badge of honor.
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:Ege Yurdagul: It went way
better than I expected.
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:Thank you so much.
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:Jazmin Furtado: Yes.
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:I'll do a great start.
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:So we'll start off with
our icebreaker question.
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:I like to use, um, so our
icebreaker question today.
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:Related to tangentially related to design.
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:If you had the ability to be any
kind of artist professionally, what
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:art form would you choose and why?
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:So, when I thought about this
question, I initially thought a
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:dancer would be a good choice.
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:Uh, we want because of the thought of, you
know, expressing myself through movement.
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:I also thought it would be a good way to
keep myself moving and keep myself active.
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:Give me an excuse to, you know, get up
and move around every once in a while.
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:And then I thought it'd be really
cool to also be a fashion designer.
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:So I, if you could be a, if there was
an art form that combined dancing and
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:fashion design, I think that'd be great.
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:Maybe just like design, like
a dance of sorts where you can
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:like also work on the costumes.
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:I don't know.
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:I think fashion's really cool.
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:It's like art that moves with you.
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:And I, it's really.
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:I think it's really cool to be able to
express yourself through clothes as well.
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:You can relay and convey a lot
of information in something as
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:simple as the clothes you wear.
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:So yeah, that would be my answer.
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:It's a convoluted answer because I,
there's a couple that stood out to me.
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:Ege Yurdagul: I really think
that you would love one of my
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:colleagues here in Ensembl.
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:She is our head buyer for winter
drugs, and she also helps a lot
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:with merchandising and styling and
She is a highly trained dancer.
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:So Yeah, I really think like
you two would hit it off
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:Jazmin Furtado: Oh my God, that's awesome.
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:She has like the best skillset.
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:That's awesome.
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:I'd love to hear more about her offline.
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:Ege Yurdagul: Yeah, absolutely.
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:Um, as to me, I think I would
have gone with music if I could.
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:Um, well, this is kind of like
a cop out answer to me because I
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:used to actually play the guitar
for a while when I was younger.
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:Um, I just feel like it speaks to me
on a level that other art forms Maybe
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:not necessarily don't, so I don't know.
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:Um, I probably listen to music for like
hours every single day and it makes
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:me feel things that I really like.
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:So, um, I really would have been, um, like
I really would love if I could be able
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:to do the same for other people as well.
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:So I want to go with music for that one.
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:Jazmin Furtado: What, what sort of, okay,
so guitar, that's a legit instrument.
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:What, uh, what sort of genre
of music would you play?
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:Ege Yurdagul: That's a difficult one.
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:Um,
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:Jazmin Furtado: classical punk rock.
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:Was it like, or it's just, it's a
mix of a bunch of different genres.
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:Ege Yurdagul: Oof.
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:Um, I actually have never thought of this,
but, um, I don't know, um, maybe go with
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:rock, but I listened to a lot of hip hop.
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:So, I mean, would have been
a difficult transition, I
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:guess, but like, I'd probably.
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:Would I love to do both?
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:Jazmin Furtado: That's a, uh, those
are, so when I was doing, uh, so I
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:played the violin for quite a few
years and I was taught in like the
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:classical style, so like classical
music, I was really into that.
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:And I really appreciate that now, but
I'm seeing more and more people do like
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:violin and like pop music, which is a
cool, like mix that I haven't really
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:like seen too much, um, well, growing
up, I didn't, so I just, you know,
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:when you learn an instrument and what.
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:What music you like, learn that
instrument in can be different from
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:the music that you really like playing.
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:So that's just curious there.
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:All right.
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:So with that, let's dive
into our main topic today.
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:So, we're chatting about the design
industry, so 1st, wanted to start off by
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:asking if you could explain a little bit,
you know, what the design industry is.
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:You know, a little bit about, um,
you know, revival rugs, how you
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:got into the industry at large.
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:Can you just walk us through, you
know, how you got to where you are?
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:Ege Yurdagul: Right.
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:Um, so as you mentioned, I
did start off, um, doing M& A
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:advisory, mergers and acquisitions.
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:Um, so I did work both in the
advisory side and then I did, um,
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:work in the private fund as well.
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:So,
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:Ege Yurdagul: And I, I guess like
I have always been a very focused
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:specialist working on building both
commercial and financial models,
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:um, which turned out to be a really
good thing to be a specialist in.
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:Because, um, when I moved on from the M&
A industry, I got a job at the European
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:headquarters of Nike in the Netherlands.
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:And what I did there was I mostly
worked with the Nike store partners,
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:which are independent companies that,
um, operate Nike stores across Europe,
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:or rather the entire, um, EMEA region.
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:So I did work there and I mostly
focused on long term planning and, uh,
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:probably like for the first time in
my career, I also got involved with
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:execution on a very regular basis.
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:So that was pretty fun.
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:Um, and afterwards I came back
to Turkey, worked for A very
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:large Turkish oil company.
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:Again, I did long term
planning, um, very much.
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:So relying on my expertise, um, again,
uh, which was financial modeling and
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:commercial as well, um, that was like
one of the bigger things that I have done
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:there afterwards, I did co found a startup
that unfortunately did not take off.
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:I did work on that for like maybe a month
and a half years or even like two years.
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:Um, it was a good idea, I think,
but it just didn't pan out.
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:Um, it happens, I guess, uh,
which led me to revival around
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:two and a half years ago.
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:Um, to be honest, I did not get into
the design industry, um, with the
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:intention of, you know, uh, picking
the industry kind of just happened to.
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:Um, get introduced to the co founders.
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:Uh, we really hit it off.
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:They were looking for someone
with, um, my skillsets.
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:So it was a good match.
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:And it was only after that, uh, that I
came to, you know, uh, learn about and
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:appreciate, um, And also like back then,
Revival Rugs was also not very focused
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:on or rather like not heavily focused on
as heavily focused on as it is right now.
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:Uh, we did, um, focus on selling one
of a kind and vintage rugs mostly and
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:our own designs were just taking off.
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:But in the last couple of years,
It's now has become our main focus.
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:And we, like, since then we really have
become a much more design focused company.
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:Jazmin Furtado: So you are, so rival
rugs, they design their own rugs.
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:So that you said there's
different categories, right?
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:There's one of a kind vintage rugs.
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:Are they both being designed in house?
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:There's like a subset that's
designed in house by the design team.
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:You know, how much are you like
making these rugs yourselves?
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:Yeah.
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:Ege Yurdagul: Right, so, um, one of a kind
drugs are, it's a mouthful, but, um, I
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:think it's a pretty self explanatory name.
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:Um, they are drugs that we procure
from both Morocco and Turkey, mostly,
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:and sometimes from India as well.
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:Um, they can be either new, or old.
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:Or, uh, vintage hand woven
or hand knotted rugs.
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:Um, and yeah, as the name implies, they
are all unique in the sense that, you
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:know, um, either in shape, size, color,
and since like they're all hand woven
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:by, um, different people, almost like all
of the one of a kind rugs that we carry.
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:So, um, it's an entirely, not an entirely
different business, but, um, it is pretty
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:Pretty distinct in the sense that you're
dealing with a huge number of products.
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:Um, whereas for drugs of our own
design, we rely on the expertise
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:of our design team, and then,
you know, um, we try to create.
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:Best sellers and then focus
on marketing them better.
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:So, uh, that's a different business.
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:Um, I would say, but yeah, that has
become our, our primary focus in the
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:last couple of years and it has really
been a fun journey and I was lucky
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:enough to be there for, you know,
uh, the kickoff of the transition.
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:Uh, that we had as a company, so yeah,
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:Jazmin Furtado: so you've really
seen it from from a younger stage
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:to a more mature stage has been a
lot of change happening with the
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:company over the last couple of years.
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:Can you talk a little bit to
your, you know, the scope of your.
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:Your role within the company, so,
you know, you're looking at strategy
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:and you're looking at operations,
you know, you've been in long term
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:planning field, you know, for a long
for the majority of your career.
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:What does that look
like at revival for you?
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:Like, what is your
scope of responsibility?
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:Ege Yurdagul: Yeah, absolutely.
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:So, um, since we're a small team,
and we used to be even smaller.
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:Um, two and a half years ago, which is
like half of the company's, um, lifespan,
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:everyone really just takes on a
lot of responsibilities that do not
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:necessarily match their job description,
which also was the case for me.
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:And it allowed me to just get
involved in a lot of different areas.
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:And over the years, I came to mainly
be in charge of our demand planning.
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:So ordering, um, rather planning, uh,
the procurement of both our winter drugs
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:and also our non monopokines, as we
say, or rather like mass produced drugs.
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:Um, also long term planning.
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:Um, that is still very much
one of my main focuses, uh,
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:both financial and commercial.
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:Uh, modeling of our business and well,
just, um, historical analysis, just
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:assisting other teams with, uh, the
insights that we drew draw from the data
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:that we have and up until very recently,
I was also responsible for structuring our
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:data, just, um, cleaning it up, you know,
um, making sure that we have everything
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:that we need in preparation for.
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:The jump that we still expect to make,
um, because we still do not have a very
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:like formal structure, even though we
have all the data fields, um, ready to go.
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:It's still, you know, an ongoing process.
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:Um, Yeah, to be honest, like I maybe
like half of the time I just end up
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:helping people out on random stuff.
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:So it's kind of difficult to, you
know, list all the small things
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:that I do, but yeah, mostly, um,
it's pretty much these stuff.
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:Jazmin Furtado: Yeah, it seems like
You know, and I think in with a lot of
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:small companies, you do find yourself
wearing a lot of different hats you can
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:imagine, you know, in addition to the
financial planning aspect, there's also,
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:you know, inventory management that
you have to do and optimization there.
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:It's also it's just interesting to
hear how, you know, with even a smaller
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:company, you still have decisions you
have to make and you're still able to
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:use data to help inform those decisions.
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:Outside of, you know, the strategic
financial planning and operational
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:planning, you also have the design
aspect that you have to take into
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:consideration when it comes to planning.
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:Because at the end of the day, you know,
you do have a product and you want to
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:make sure that your products are, um,
are meeting the demands of the customer.
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:So you do have some sort of loop
there from the design standpoint.
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:Can you speak a little bit to.
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:That, you know, what is that feedback
loop or what, what interaction do you
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:have with the designers or how are you
able to inform, uh, the design process or
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:the more artistic process of the company?
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:Ege Yurdagul: Right.
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:Um, so our design process is still,
uh, very much so reliant on the
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:creativity of our design team.
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:Um, and like, I'm really glad to be
able to say that, um, I think they're
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:like one of the best in the industry.
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:Um, led by like absolutely one of the
most experienced, uh, people that have
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:been doing this for a very long time.
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:So, um, I would say that is still the
engine, but how we work with them is
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:so we mostly help them understand how
things went historically, for example,
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:um, for every single launch, we do post
launch analysis that includes, um, Using
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:normalized data, um, and by that, I
mean, you know, for example, like sales
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:in the X days following the launch or,
you know, um, adding context to it in
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:terms of the relative marketing spans
compared to our other product launches.
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:Um, seasonality, what kind of campaigns,
uh, we have run in that period.
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:So, um, you know, it has a lot to
do with just cleaning up adjusting
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:and normalizing, uh, the data.
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:So, um, we do that and we try to
dissect The stuff that went right
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:and understand what went wrong,
um, draw conclusions from there.
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:And for example, if we identify
a problem, we communicated in the
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:best way possible to the design team
so that well, most of times, um,
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:they do draw their own conclusions.
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:We just try to set them up to be in the
best position to be able to do that.
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:Um, which also involves a lot of.
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:Um, tailoring how we present data.
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:So, for example, for design team,
that would mean, like, probably
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:mean that they're obviously, um,
very visual learners by nature.
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:So, for example, when we collaborate
with them, Most of times we tailor our
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:reports to be like extremely visual, uh,
with all the images that represent, um,
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:the data that we are trying to convey.
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:So, um, most of times, um, they end
up, you know, uh, seeing patterns
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:that we've, we're We're able to do,
and, um, it's a very collaborative
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:process, uh, which I really enjoy.
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:So for example, uh, with the design team
is one of our main focuses, and we also,
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:um, help them with strategic planning
when it comes to which products to
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:prioritize, um, that are in our pipeline.
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:So most of times.
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:They do have a lot of projects ready
to go, um, or rather like in the final
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:stages of production, but we help
them with which ones to prioritize,
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:uh, depending on our financial needs.
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:Um, what we, you know, um,
try to do for that period.
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:So, um, it's not exactly.
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:Like, I would love to be able to
tell you that we do have an algorithm
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:that just, you know, predict
people's, um, choices and, you know,
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:like what they respond to best.
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:But, um, most of the time it just comes
to understanding the context because,
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:um, with design, it's always going to
be, you know, there's always going to
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:be the human element that's kind of
difficult to, um, represent in numbers.
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:Because, um, I mean, pretty
much all our designs.
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:Um, and it is very difficult to, you
know, isolate some of the variables and
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:say, for example, this thing went wrong
because it doesn't always work like that.
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:For example, there have been a lot
of products that we just loved.
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:And really expected to do extremely well.
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:And turns out people do not just respond
to them the way we expect them to.
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:And the opposite have,
has been the case as well.
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:Like we ended up not investing very
heavily in some products that we,
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:uh, did launch in the past and they
just turned out to be bestsellers.
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:Jazmin Furtado: Is there like something
that was surprising to you that was
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:like, oh, we didn't, so it was, was
there, is there, is there one that comes
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:to mind or one that you was like, oh,
I did not expect that pattern or that
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:design or that, uh, characteristic to be,
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:Ege Yurdagul: um, yeah.
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:So, for example, well, this is,
I guess, kind of specific to the
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:industry, but what's ended up happening
after we started to put, put, um, a
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:lot of emphasis on our own designs.
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:Yeah.
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:We saw that beige rugs or cream rugs
turned out to be our best sellers by
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:far, uh, which was kind of, which,
which wasn't something that we expected
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:because, uh, up until then we, you
know, have been focusing on one of the
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:kinds which are extremely colorful,
um, different in design, but you know,
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:um, I guess that also has something
to do with catering to two very
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:distinct sets of customers in our case.
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:So, um, for.
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:For example, for the rug industry,
um, in particular, that would be
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:the utilitarian customer who values,
you know, durability, affordability,
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:um, convenience, above other stuff.
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:And then you have the customers who
value the design elements, you know, the
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:story behind the product sustainability.
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:So more.
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:Intangible stuff in general.
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:So, um, you know, when catering to
catering to those very separate customer
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:segments, um, it's kind of difficult to
know what to expect when you're launching
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:a new product, because we're still trying
to like strike a balance between the two.
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:For example, we do have washable rugs,
which are, you know, mostly a product that
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:more utilitarian customers are attracted
to just because of the you can just
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:like drop them in the washing machine.
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:Um, well, technically, you could also
wash with interact as well, I guess, but,
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:um, you know, it's just more convenient,
um, for the utilitarian customer.
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:But what we try to do is we try to bring
those two worlds together by, for example,
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:um, introducing handmade washable rugs.
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:Um, which are, you know, um,
made in a single way by artisans
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:in relatively small batches.
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:So we also try to experiment with stuff,
um, which is also really interesting in
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:terms of being able to see all of those
data, because when you experiment as much
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:as we do, or rather we have been doing
in the past couple of years, you just
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:have, um, so much information that you
can compare and draw conclusions from.
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:Um, so yeah, it's things are still,
you know, um, you know, phase that
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:we have a lot of room to grow and we
have been growing like extremely fast
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:in the past couple of years, like we
more than doubled our volume last year.
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:So it has been fun.
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:Um, especially for me personally, cause
I'm in a position to be able to see.
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:Everything representing like everything
that we do represented in, um, the data.
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:So, yeah, it is something that
I really like about my job.
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:Jazmin Furtado: Yeah, there's there
are a couple things that you're
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:saying there that I thought are super
interesting that the fact that when
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:you're working with the designers,
there's only so much you can do.
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:There's only so much you can
capture with the data that you get.
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:I mean, we're able to
get so much information.
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:From, you know, from technology,
we're able to, you know, check
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:who's buying what and when and
what seems to be sticking points.
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:But.
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:At the end of the day, you can't explain
everything using data and you have to
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:figure out what, where's the demand in
the noise that where's the signal in
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:the, in the noise that you really want to
extract that would be actually valuable
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:in order to relate to your designers.
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:And then, when it comes to the design
process, it's not like you are dictating,
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:you know, hey, make the rug's beige,
you know, you're just letting them
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:know, um, the insight so that they can.
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:Make the decisions for themselves.
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:You know, from what I heard, there's
like a, you know, a backlog of products
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:that they're kind of putting together and
experimenting with and your feedback kind
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:of gives them, you know, directions and
tweaks to maybe what they are considering
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:to help, you know, hone in on what designs
they should maybe look at doing next.
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:I mean, that seems, you know,
looking at the scale of it all.
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:I mean, how many, how many products
are you having to do this with?
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:Like, how do you wrap your head around?
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:Like, how do you manage?
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:That feedback loop for all
these products, because you have
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:thousands of products, right?
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:Ege Yurdagul: Right.
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:Um, and just to maybe correct one
small thing, make the rugs beige
372
:was actually one of the things
that we have said in the past.
373
:Um, based on how much our design team,
Dislikes, um, you know, blend there
374
:and how well they perform in reality.
375
:So, um, that's actually
come out of our much, um,
376
:um,
377
:Ege Yurdagul: so yeah, I mean,
Again, um, you know, what we love
378
:does not necessarily translate into
what does best, does the best, so,
379
:um,
380
:Ege Yurdagul: we try to just,
um, match the customer's
381
:demands with what we supply.
382
:So, are
383
:Jazmin Furtado: you, yeah, are you
providing this feedback on like a
384
:individual, you know, on an individual
basis when you can't, when you're
385
:dealing with a scale that you're dealing
with a number of rugs, like, how are
386
:you able to communicate and convey,
like, the most important, like, Um,
387
:pieces of information over to the team,
388
:Ege Yurdagul: right?
389
:So, um, we used to do that,
um, individually, just, uh,
390
:present regular reports, uh, to
different functions in the team.
391
:And a while back, maybe a year
ago, we did start using a data
392
:visualization tool so that we could.
393
:Demarketize the data that we have been
working with in a way that everyone would
394
:have been able to play around with it.
395
:Um, look at different aspects, you
know, look at, um, different dimensions.
396
:So, um, that has been a large step in
both, you know, uh, reducing our workload
397
:just in general, um, since people were now
able to just, um, do their own analysis.
398
:And it also has helpful, has been helpful,
um, In a way that just reduces the time
399
:that we spend going back and forth, trying
to understand what is going wrong, what is
400
:going on with the business, since people
can now just, um, look at data first, uh,
401
:on their own, um, at least come prepared.
402
:And then we can go over, um, our
403
:respective
404
:Ege Yurdagul: hypotheses.
405
:And then work our way from there.
406
:So, um, yeah, that was a,
that was a great development.
407
:Um, step in every right direction.
408
:Jazmin Furtado: Yeah.
409
:Data transparency is like so important
and it's not just for the people that
410
:are dealing with the data all the time.
411
:It's like really needed for the people
who, you know, don't or not working in
412
:the data that need to be able to, you
know, look at it from their point of view.
413
:From like translate it into their
words to be able to, you know, derive
414
:insights that are valuable for them.
415
:Yeah.
416
:Ege Yurdagul: Yeah, yeah.
417
:Um, but also there are like certain
challenges that comes with growing
418
:at a really high pace, I would say.
419
:I mean, uh, don't get me wrong.
420
:I love the fact that we have been growing,
um, like in a crazy, uh, pace, but There
421
:are also challenges that come with it.
422
:Like it is very difficult to look at,
um, historical data over time and try
423
:to understand what has been going on.
424
:Because obviously when you're growing,
like, um, at 200%, for example,
425
:um, higher, actually, um, it's
very difficult to compare the data
426
:that come from different periods.
427
:So again, it boils down to
just adding context and.
428
:Just enriching it with additional insights
so that it is more, like, it is easier
429
:to understand and, yeah, um, interpret.
430
:Jazmin Furtado: So is looking at
your historical data actually, you
431
:know, is it useful to some extent,
or do you just say, it's, it's
432
:really hard to predict the future.
433
:So we're just going to.
434
:You know, our, our, our estimates,
our forecasts aren't super,
435
:um, reliant on historical data.
436
:Like, how much are you actually
using historical data when
437
:you're doing your forecast?
438
:Because, you know, like you said, it's,
you're, you're growing so rapidly.
439
:How do you predict that?
440
:Ege Yurdagul: I mean, um, especially for
demand planning, um, it is very difficult.
441
:Especially for new products like
products that we haven't even
442
:launched, for example, um, even
before a product is first introduced
443
:on our website, we usually.
444
:end up having placed three orders
by then, uh, on a monthly basis.
445
:So, uh, we always do that blind.
446
:Um, you know, um, which
is really challenging.
447
:We usually end up having to rely on a
lot of benchmarking trying to look at
448
:the cross sections of Uh, the data points
that we keep for every individual rug.
449
:Um, but then again, um, it doesn't always
necessarily pan out, but I mean, it's
450
:kind of the law of averages, I guess.
451
:So, um, at the end of the day, like one
of them does better than what, uh, what
452
:we expected to, um, do, and then another
just, you know, Does not perform to
453
:our expectations and it is difficult.
454
:Um, I mean, extremely difficult, I would
say, but for example, um, in terms of
455
:long term planning, that is one of the
things that I really take pride in.
456
:Uh, for example, last year, um, a year,
which we grew over 200 percent annually,
457
:I was able to actually forecast our
revenues within like a 1 percent range.
458
:error margin with six more
months to go in the year.
459
:So, um, that was fun.
460
:Um, I mean, maybe like 50%.
461
:I
462
:Jazmin Furtado: was like, you know,
when it comes to forecasting, you
463
:can only be so confident, right?
464
:Ege Yurdagul: Right.
465
:Um, but okay.
466
:So what is actually very different,
uh, different from My time in MNA
467
:is that back then I used to do
everything at a very high level.
468
:So I would always have maybe two weeks
or like four weeks worth of time,
469
:uh, to start working on a project
from scratch, try to understand
470
:the business in its entirety.
471
:Uh, try to get a feeling of his operating
model, um, his operations, and then just
472
:translate all of those information, uh,
to a financial model that we can then
473
:use to, uh, forecast future cash flows.
474
:So, um.
475
:I mean, it's, it's, I'm going to say
like, it's a very transferable skill
476
:that still house me, um, to this day,
but for example, in my current position,
477
:I'm way better equipped to understand
what has been going on historically
478
:and what we expect to do or what
we expect to change in the future.
479
:I am involved with a lot of
different teams within the company,
480
:um, which is something that I
kind of frowned upon in the past.
481
:Like I, I didn't like the fact that
like people had all those, you know, big
482
:meetings with like a bunch of other teams.
483
:Like I, I didn't really see the point,
but again, like back then I was always
484
:working in like teams of two, maybe
three, even though I was working in a
485
:company with like thousands of employees.
486
:Yeah.
487
:Uh, it would always be small teams, but,
um, like today it's exactly the opposite.
488
:Like, again, like I actually have a
small team that I work with, but, um,
489
:the whole company is always in sync.
490
:Um, and maybe it's just, you
know, um, I actually haven't
491
:been working in, you know, um,
situations like this for a long time.
492
:Even my, uh, prior jobs, I always.
493
:Worked with smaller teams, uh, didn't
really talk to this many people, but,
494
:um, it just helps to know the context
and be able to adjust stuff accordingly.
495
:So, for example, um, you know,
when forecasting revenues.
496
:Obviously we look at how our product mix
is going to be changing in the future,
497
:how it has been changing, how that affects
other stuff, like our conversion funnel
498
:or our AOVs, like average order values.
499
:Um, so a lot of thinking goes
into like small stuff like that.
500
:And in the end, even if like you
do not get every single small
501
:thing right, I just, I mean,
they're all a linear function of.
502
:Each other anyway, so, um, kind of
balance itself out, um, which is
503
:why we haven't able to accurately
forecast our future operations so far.
504
:Um, but yeah, it is difficult when
you're growing at a very fast pace.
505
:Yeah.
506
:I mean, I know for a fact that like way,
um, larger companies with way smaller Um,
507
:growth rates have been struggling with it.
508
:So, yeah, but I mean, the
challenge is, the challenge is fun.
509
:Jazmin Furtado: The fact that you're able
to, you know, with a smaller company,
510
:you know, leverage data in the way that
you have been to be able to, you know,
511
:have, Accurate predictions to be also,
you know, provide enough transparency
512
:about what's going on to inform everyone
in the company, you know, to and bring
513
:in the designers or, you know, to
make sure that information is being
514
:provided and shared with them as well.
515
:Like, that speeds that speaks
accolades to, you know, that how
516
:well that how well the company
is really embracing technology.
517
:And using it in the, in the right ways,
uh, as you look to the future of the
518
:design industry, I mean, more and more
companies, I mean, every company nowadays
519
:is seen as a tech company, right?
520
:Like, at the, at the heart and core, like,
everyone, every company is a tech company.
521
:Do you see.
522
:As we move forward, the design industry
really embracing that really using,
523
:you know, more data in in similar ways
that, you know, revival is to be able
524
:to inform not just it's, you know,
operations and, uh, and, you know,
525
:inventory management and financial long
term forecasting, but also, uh, to to,
526
:you know, inform the design process.
527
:Or do you see kind of a plateau of sorts?
528
:Ege Yurdagul: Well, in terms of tech
adoption, we are still catching up to some
529
:of the bigger companies in the industry.
530
:So
531
:specifically for us, I think that
we still have a long way to go
532
:before we can safely say that.
533
:We use every tool, um, that are
available to us to its fullest potential.
534
:So, um, yeah, I mean, we are getting
there, but it's still an ongoing
535
:project, but for the industry in
general, I'd say, well, I mean, um,
536
:accurate reading of the data is something
that I guess transcends industry.
537
:So I guess.
538
:Design industry is no different in that
regard, but I mean, I do expect a couple
539
:of things, um, for the future personally,
obviously, um, the advancements.
540
:In AI are probably going to affect
the design as well, which is, I guess,
541
:something that goes back to what
I was trying to tell by explaining
542
:two different sets of customers in
the market when it comes to, you
543
:know, design forward, uh, products.
544
:So, um, I mean, obviously, I think
at this point, it's inevitable that.
545
:AI design products are
going to be a thing.
546
:Jazmin Furtado: Huge disruptor
potentially in that, in that area.
547
:Yeah.
548
:Ege Yurdagul: Um, yeah, potentially, but
there is also the fact that, uh, that
549
:could also mean and probably will, um,
in my opinion, for example, um, human
550
:design element is going to be even more
valuable to a certain set of customers.
551
:As you know, I mean, for a utilitarian
customer, people probably won't
552
:be bothered by the fact that the
product was designed by an AI.
553
:I think there will be even
more people who will value.
554
:a product with a story behind it,
you know, with a name attached to
555
:it, with a face attached to it.
556
:So, um, I mean, it will
probably go both ways.
557
:Um, obviously I think, um, in the
end, there are more people who
558
:value convenience than people who
value, you know, um, a good story.
559
:So, um, it is what it is, but I don't
think it's necessarily the end of,
560
:um, design in the classical sense.
561
:Jazmin Furtado: Right.
562
:No, that makes sense.
563
:I mean, it's, you know, whether you
have an emergence of, you know, I
564
:think, I think in this arena, like, I
can be a disruptor, but like you said,
565
:there will, there is going to be a
demand for folks that, you know, want
566
:something that has that human touch.
567
:And it's, it's, it's been, like,
developed and designing, uh, designed
568
:by a human, uh, those, those 2
different, like, consumer basis.
569
:I think it's very
interesting because I think.
570
:You know, you may start off
focusing on 1 consumer base.
571
:And then you expand out from there
as you, like, scale and whatnot to
572
:have to try to accommodate both.
573
:Um, I think as we, like, we are,
like, you were saying, as we look to.
574
:You know, the future design, there's
going to be aspects that, you
575
:know, they're going to be staying
the same, though, no matter what
576
:people are going to be focusing on.
577
:That the, the data aspect,
like, that's all going to be.
578
:You said it transcends.
579
:Industries, so that's always going
to be a, you know, a factor and
580
:so we just needed that the need
for technologists in this field is
581
:not necessarily going to go away
582
:Ege Yurdagul: exactly.
583
:And I think it's even, um, apparent.
584
:Today, um, because, for example,
we see that handmade drugs.
585
:Are very much so in demand, even though
it is way easier to just mass produce.
586
:Those giant looms.
587
:So even though, you know, um, that
still accounts for a very large portion
588
:of the market, there is still a huge
demand for handmade drugs as well.
589
:Uh, whether they're, you know, like
unique or rather like wind drugs or just,
590
:uh, rugs that are of our own design.
591
:But handmade by like professional,
um, or rather artisanal people,
592
:um, you know, sourced locally.
593
:So, um, again, yeah, if that's any
indication for the future, I think
594
:the human design, like the human
touch and design is also going to be
595
:something that That will come to be
appreciated even more in the future.
596
:Um, I might be wrong.
597
:I don't know.
598
:Um, it is kind of difficult
to, um, predict that.
599
:Jazmin Furtado: I think that that was the
theme in our talk today is like, there's
600
:only so much that can be predicted when
you're talking about, you know, when
601
:you're talking about like, Something
that's inherently, you know, art at
602
:its core, you know, it's, it's really
hard to predict what people will enjoy.
603
:It's hard to quantify, it's hard
to quantify what that, uh, what the
604
:trends are going to be in this arena.
605
:So you have to, you have to kind of just
stay on top of it and stay flexible.
606
:Ege Yurdagul: Maybe just like one
way I would adjust that statement
607
:would be, it is very difficult
to predict stuff in isolation,
608
:especially in the design industry.
609
:Um, thinking of stuff in context, or,
you know, like in cross sections of
610
:different data points, uh, makes it
slightly easier doesn't make it easy,
611
:but, uh, slightly easier, slightly easier.
612
:I
613
:Jazmin Furtado: like that.
614
:Could not have said that better myself.
615
:All right.
616
:Well, actually, this is kind
of like all these are sparking
617
:some, uh, this transition to this
like final part of our episode.
618
:Um, So I'd like to close the episodes
with fact or fiction, which is where I
619
:just state a few statements about the
design industry that I have, you know,
620
:the research, and I want you to let me
know if you think these statements are
621
:fact or fiction, and they're just, you're
not supposed to know these answers.
622
:They're just random.
623
:I just, whatever I could find
online that seemed reputable.
624
:So, uh, I'll have five questions
there, uh, five statements to
625
:ask and we'll see what you think.
626
:Ege Yurdagul: Absolutely.
627
:Um, I'm probably not
ready for it, but I'll
628
:do
629
:Ege Yurdagul: my best.
630
:Alright.
631
:Jazmin Furtado: Alright,
so the first statement.
632
:Times New Roman is the most common
and widely used font in the world.
633
:Ege Yurdagul: I mean, I'm pretty
sure it was at some point,
634
:but that's probably false.
635
:Jazmin Furtado: That is correct.
636
:It's false.
637
:Helvetica is the most commonly
and widely used font in the world.
638
:It is Helvetica, I found out is
derived from the Latin word for
639
:Switzerland, um, which is Helvetia.
640
:So it's a fun little fact.
641
:Ege Yurdagul: Yeah, it's, um,
even the, what's it called?
642
:The abbreviation for Switzerland
is CH, Confederation Helvetica.
643
:Jazmin Furtado: Wow, I feel like
I, I've never had someone add to
644
:the factor of fiction before, so
I'm adding, I'm adding a note here.
645
:I
646
:Ege Yurdagul: mean, I, I have the
benefit of actually having given,
647
:um, having lived in Switzerland.
648
:Jazmin Furtado: Oh, nice.
649
:Ege Yurdagul: So, yeah, very
650
:Jazmin Furtado: worldly.
651
:Yeah,
652
:Ege Yurdagul: I wouldn't,
I wouldn't take credit for
653
:that.
654
:Jazmin Furtado: All right, let's see.
655
:Okay, so you got one.
656
:You're one for one.
657
:Uh, second, red is the most popular
well liked color in the world, preferred
658
:by around 30 percent of people.
659
:Ege Yurdagul: I kind
of wish that were true.
660
:That would really help us manage
our inventory, uh, since we have
661
:so many red rocks just sitting
there, um, with very little demands.
662
:Um, despite our best efforts,
so I wish that were true.
663
:If it is true, I'm going to
be extremely disappointed.
664
:So I'm going to go with false.
665
:Jazmin Furtado: All right.
666
:That, that is also correct.
667
:You're a two for two.
668
:So blue is the most popular
wildlife color in the world.
669
:It's pretty high up.
670
:It's a pretty universal.
671
:Uh, the, the second colors, you know, all
kind of vary between like green and red.
672
:Depending on, like, different countries,
but blue, you know, I found out that
673
:blue is more popular with men than
women, which I was like, you know,
674
:I was surprised about it's like, a
lot more popular with men than women.
675
:Um, but, yeah, blue is blue is also
1 of the rarest natural colors.
676
:Like, you don't see it very often in
nature, which I didn't know about.
677
:So, it's like, 1 of the most rarest
colors you can find naturally.
678
:Ege Yurdagul: That is interesting.
679
:The
680
:Jazmin Furtado: more you know,
even like the few animals and
681
:plants that appear blue actually
don't have like the blue color.
682
:It's like tricky of the light.
683
:All right.
684
:Two for two.
685
:Okay.
686
:Third one.
687
:The post it note is widely known
as the simplest and most successful
688
:product design of all time.
689
:I think
690
:Ege Yurdagul: I might actually
have heard about this one.
691
:Um, you know what?
692
:I do love it.
693
:I have used it like extremely extensively.
694
:So I'm going to go with true.
695
:Jazmin Furtado: That is
that is also correct.
696
:It is the it is like
the very widely known.
697
:It's very simple.
698
:It was made by accident people.
699
:I think the scientists are trying
to create like a glue that was
700
:like more adhesive, but it actually
didn't do a good job of sticking.
701
:So, They turned it into
like a post it note.
702
:It makes like really high.
703
:It
704
:Jazmin Furtado: has, it doesn't
spend a lot of marketing.
705
:It gets a lot of money.
706
:So it's a really, I
guess, successful product.
707
:Other really simple designs are pretty
successful, like the Frisbee and.
708
:The bendy straw, which I found out.
709
:Oh, and the paperclip as well.
710
:Ege Yurdagul: The first 2
is really interesting to me,
711
:but, um, I get the paperclip.
712
:That I didn't know the
713
:Jazmin Furtado: paperclip went
through so many iterations.
714
:Like, there's so many different, like,
versions of paperclip, which I didn't know
715
:before it got to the paperclip itself.
716
:Ege Yurdagul: Although whoever told,
you know, like this new adhesive stuff
717
:that we were working on didn't work.
718
:So, you know what, let's just try this.
719
:And just adapted.
720
:That person has to be a genius.
721
:Um, that's some quick thinking.
722
:Um, I'm doing like way
better than I expected.
723
:Jazmin Furtado: Yeah.
724
:I, yeah, I have
725
:so
726
:Jazmin Furtado: much power to you.
727
:All right.
728
:The fourth one, the oldest rug
in the world is around a thousand
729
:years old, located in Turkey.
730
:Ege Yurdagul: Okay.
731
:I, now I'm going to feel really bad if
I get this one wrong, because this is
732
:like the only question that actually has.
733
:Not, not like the only question, but
like, that has some relevance, uh,
734
:to what I, what I'm supposed to know.
735
:Um, I think I'm going to go with fact.
736
:I'm only:kind of sounds young.
737
:I would have expected there
to be like older as well, but.
738
:I'll go with fact.
739
:Jazmin Furtado: It is fiction.
740
:Oof.
741
:Jazmin Furtado: Your
thought there was right.
742
:So,:
743
:You know, around:
744
:Um, it was discovered in Siberia.
745
:Um, it was from 5th century B.
746
:C.
747
:It's the Pazuric Carpet.
748
:Uh, yeah.
749
:It was discovered in the tomb
of a Scythian prince in Siberia.
750
:Um,
751
:Jazmin Furtado: Thank you.
752
:Ege Yurdagul: I should have known better.
753
:Yeah.
754
:A thousand years isn't
that long of a time.
755
:Um, yeah.
756
:Yeah.
757
:I would
758
:Jazmin Furtado: not.
759
:I would not.
760
:I don't know.
761
:I was like, wow, that
is, that is very old.
762
:All right.
763
:Last one.
764
:Three for four.
765
:All right.
766
:The, the Nike swoosh logo was made
by a college student for 35 or 253
767
:in today's money, this US dollars.
768
:And that's the cheapest design cost
amongst the world's largest companies.
769
:Ege Yurdagul: Yeah, I think that's a
770
:fact.
771
:Jazmin Furtado: That is fiction.
772
:Seriously?
773
:Actually.
774
:Yeah.
775
:So that's actually one of the, one of
the cheaper, one of the cheapest ones.
776
:Uh, but Twitter, the first Twitter
logo was bought for like 15, um,
777
:but the designer actually only
got like 2, um, for that design.
778
:Uh, and then a lot of other
companies, I didn't count this
779
:because they didn't buy it themselves.
780
:They like made it in house, like
Google, Coca Cola, Microsoft.
781
:They're all created their logos in
house, but I didn't count those.
782
:So they didn't purchase it from anywhere.
783
:So Twitter.
784
:Is the, is the cheapest
one I was able to find.
785
:If someone's able to find a cheaper
one that was not built in house
786
:by a big company, let me know.
787
:Uh, and because yeah, that I, I didn't
know how cheap some of these logos
788
:could be, but there's also some logos
of companies that go for millions and
789
:millions of dollars to be able to sold.
790
:So there's, you know, there's, there's
a huge spectrum, very extremes when
791
:it comes to the design design world.
792
:And you know, how much is a logo worth
it's, you know, it's almost priceless.
793
:Ege Yurdagul: Right.
794
:Um, I mean, I knew that Nike has made
some deals that sounds absolutely
795
:good right now, but I assume
sounded really bad at the time when
796
:they were just like starting out.
797
:Um, they basically give everyone
shares instead of actual money,
798
:uh, for very simple stuff.
799
:Um, even I think for
like general services.
800
:Um, but yeah, so I kind of assumed that
the logo would be among those stuff
801
:that they actually didn't pay for.
802
:But yeah, but I guess, like, that would,
that wouldn't count anyways, right?
803
:Um, if they actually gave
people shares, because that
804
:would probably be worth a lot.
805
:Jazmin Furtado: So, yeah, they, I
guess, like, later on, they, like,
806
:gave this individual some shares.
807
:That were estimated to be like 600, 000.
808
:So I guess it was, you know, that's
the, the stories, like they eventually
809
:compensated them enough, but, or
they compensated them, but yeah,
810
:initially it was like really cheap.
811
:Ege Yurdagul: I feel like I should get
maybe like half credit for this one.
812
:Not that
813
:I'm trying to
814
:Ege Yurdagul: negotiate.
815
:The Twitter one,
816
:Jazmin Furtado: the
Twitter one is like low.
817
:It's like less, you can't, it
can't compete with the Twitter
818
:one that was bought in:
819
:For 15.
820
:So I think Twitter is pretty big
or X, I guess you call it X now.
821
:Three for five.
822
:That's pretty good.
823
:I've said, I've gotten people
that I got like one, one, right?
824
:So like, you're good.
825
:That's solid.
826
:Ege Yurdagul: And then
I just came crashing
827
:down,
828
:Jazmin Furtado: but that's fine.
829
:Well, for being able to, uh,
take this time with us to be,
830
:uh, to be with us today again,
and thanks for playing the game.
831
:Yeah, you did really well.
832
:for having
833
:Ege Yurdagul: me.
834
:Ah, this was really
835
:fun.
836
:Yeah,
837
:Jazmin Furtado: of course.
838
:I mean, like, being in, hearing about
your arena and hearing about how you
839
:use data to inform like a naturally,
you know, very artistic process.
840
:That's just so interesting.
841
:It's always been a really big interest to
me to see how people carry that balance.
842
:How do you know how much
do you rely on the data?
843
:How much to rely on, like, your gut and,
you know, how much to rely on your eye.
844
:So, it's just so eye opening to see how,
how the dance works, um, between the
845
:more hard science and the softer science.
846
:So, uh, yeah, and they, and I think
they both, like, really challenge
847
:each other at the end of the day.
848
:They all stimulate and
challenge each other.
849
:You can create a great blend.
850
:Where, you know, you create a
company that really uses the
851
:best of both to propel forward.
852
:So it's really great to see there's
like good minds at the table to
853
:be able to make these decisions.
854
:So thank you again for enlightening
us with your experiences and insights.
855
:Thank you.
856
:Jazmin Furtado: And of course, a
special thank you that none of this
857
:would be possible without Hatch IT.
858
:so much for sponsoring this episode.
859
:On The Pair Program and for enabling our
continued exploration in this series.
860
:And lastly, thank you.
861
:Listener deep.
862
:Thank you for tuning in
to listen to us today.
863
:Really appreciate you being able to join
us on our quest through the land of data.
864
:Take care of y'all
865
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startup technologists.
866
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870
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871
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873
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875
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