#168 - CPG Founder Life - What to Expect: Paul Voge
Nov 5, 2024
auto_awesome
Paul Voge, Co-founder and CEO of Aura Bora, shares his inspiring journey in the craft sparkling water world. He discusses the skyrocketing growth from 2 stores to 10,000, revealing the fierce competition with beverage giants like Coca-Cola. Paul delves into the intricate dance of distribution and retailer relationships while navigating the emotional challenges of entrepreneurship. He emphasizes resilience and realistic expectations, offering practical insights on maintaining a healthy mindset and the joys of building a sustainable brand in a tough market.
Paul Voge highlights the essential role of resilience and realistic expectations for CPG founders amidst the emotional rollercoaster of entrepreneurship.
Navigating the beverage industry requires understanding distribution challenges and effective marketing strategies to compete against industry giants like Coca-Cola.
The entrepreneur experience not only focuses on potential profits but also emphasizes personal growth and satisfaction gained through the journey.
Deep dives
The Tomorrow Brand Challenge
E-commerce brands that offer subscription services significantly benefit from acquiring subscribers, as each subscriber can be worth three times more than a regular customer. To encourage the growth of subscription models, a contest called the Tomorrow Brand Challenge has been launched, which runs from January to June 2025. The contest offers an impressive grand prize package including $100,000 in cash, marketing funds, and a team retreat, along with the chance to attend a major race in Monza, Italy. Even without winning, participants are expected to enhance their brand presence and subscriber base, making it a valuable opportunity for e-commerce brands.
The CPG Founder's Journey
The podcast highlights the highs and lows of the Consumer Packaged Goods (CPG) founder journey, with Paul Vogue from Ouroboros sharing his experiences. He emphasizes the emotional rollercoaster of excitement and stress across various stages of business, especially during fundraising attempts or launching new products. Founders are advised to enter the arena with the understanding that challenges and difficult days are part of the adventure. With grit and determination, individuals passionate about creating products can find fulfillment, despite the potential struggles of entrepreneurship.
The Importance of Realistic Expectations
Paul stresses the need for setting realistic expectations when it comes to the growth trajectory of a CPG business. Many first-time founders, fueled by enthusiasm and previous successes, may overestimate their abilities and potential market growth. He shares how misconceptions about rapid success can lead to stress and disappointment, underscoring the importance of a long-term perspective. Founders should embrace the process of learning and growing, while acknowledging that success may take longer than anticipated.
Understanding the Beverage Market Dynamics
The beverage industry is characterized by unique challenges, including heavy competition from established conglomerates like Coke and Pepsi. Paul provides insights into the operational difficulties faced by emerging brands, from distribution hurdles to managing manufacturing relationships. He explains the importance of understanding consumer behavior and maintaining effective marketing strategies to scale successfully. This context reveals that navigating the beverage market requires both strategic foresight and adaptability, especially as businesses grow from small to large scale operations.
Reflections on the Founder Experience
Paul reflects on the value of the entrepreneur experience, noting that the journey is often more enriching than the destination itself. He shares anecdotes about the emotional ups and downs and how the struggles contribute to personal growth. Founders may face tough decisions and setbacks, but these moments offer pivotal learning opportunities. Ultimately, the fulfillment comes from building something meaningful, even if it doesn’t lead to massive profits or acquisitions, and embracing the process is crucial for long-term satisfaction.
In this episode of the Startup CPG Podcast, Daniel Scharff sits down with Paul Voge, Co-Founder and CEO at Aura Bora, a craft sparkling water company that has experienced remarkable growth from just 2 stores in 2019 to an impressive 10,000 stores in 2024. Paul shares his entrepreneurial journey, highlighting the challenges and realities of running a consumer packaged goods (CPG) startup in a fiercely competitive beverage industry.
They explore the intricacies of distribution, retailer relationships, and the high stakes of navigating a market dominated by giants like Coca-Cola. Paul opens up about the operational hurdles of maintaining supply chains, forecasting demand, and the significant demands of fundraising, all while managing the emotional toll of entrepreneurship.
They emphasize the importance of resilience, setting realistic expectations, and finding fulfillment in the entrepreneurial journey, despite the sacrifices and stresses involved. Paul offers valuable insights on maintaining a healthy mindset and the continuous learning required to build a sustainable business.
Tune in to gain practical advice and inspiration for aspiring founders navigating the complexities of entrepreneurship.
Listen in as they share about:
Profitability and Challenges of the Beverage Industry
Don't forget to leave a five-star review on Apple Podcasts or Spotify if you enjoyed this episode. For potential sponsorship opportunities or to join the Startup CPG community, visit http://www.startupcpg.com.
Show Links:
Transcripts of each episode are available on the Transistor platform that hosts our podcast here (click on the episode and toggle to “Transcript” at the top)
Join the Startup CPG Slack community (20K+ members and growing!)