Secret Leaders with Dan Murray-Serter & Chris Donnelly

Building a $1bn business after Dragons' Den REJECTION - Timo Boldt, Gousto

Oct 29, 2024

Timo Boldt, founder of the billion-dollar meal kit delivery service Gousto, shares his inspiring journey from finance to food tech. After facing rejection on Dragons' Den, he launched Gousto from a one-bedroom flat with a vision to revolutionize home cooking. Timo discusses leveraging AI to personalize food choices, the importance of resilience, and his mission to reform food systems. With Gousto delivering over 1.5 million meals monthly, he highlights the future of dining in a convenience-driven world.

58:48

Episode guests

Timo Boldt

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Timo Boldt transformed Gousto from a small startup in his flat to a billion-dollar meal kit service despite initial rejection and challenges.

The podcast emphasizes the critical role of mentorship and personal connections in guiding entrepreneurs toward their passions and career paths.

Timo's journey highlights the importance of adaptability and resilience in overcoming financial obstacles and making tough decisions in business.

Deep dives

Experiences with Business Banking

The speakers share their extensive experience of starting numerous businesses and their challenges with different business banks. They humorously recount the cycle of trying various banks and being disappointed, leading them to continuously seek better options. Eventually, they discovered a newer bank, which turned out to be significantly superior to their previous experiences. Their excitement about Wise Business stems from its ability to simplify managing finances across multiple currencies, making everyday transactions far less burdensome.

Intro

2min

Building a Food-Tech Business: From Finance to Culinary Passion

3min

Lessons from an Entrepreneurial Journey

12min

Navigating Protein Intake and Balanced Diets

2min

Revolutionizing Food Choices with AI: Taste, Health, and Sustainability

2min

Navigating Entrepreneurship and Tech Solutions

10min

Navigating the Entrepreneurial Journey

16min

The Role of Gusto in Healthy Meal Preparation

2min

Resilience and Innovation in Business Culture

11min

10.

Revolutionizing Culinary Experiences and Smart Finance

4min

Timo Boldt's journey to turning Gousto into a billion-dollar company is a remarkable tale of resilience. Despite facing rejection on Dragons' Den, Timo founded Gousto in 2012 from his one-bedroom flat with a vision to revolutionize home cooking using technology and data. Today, the meal kit delivery service delivers over 1.5 million meals each month, showcasing significant growth potential in a market projected to reach $27.33 billion by 2028.

In this interview, Timo shares insights on his transition from finance to food tech, the impact of AI on personalizing food choices, and the future of home cooking in an age of convenience. Join us as we explore the challenges of scaling a startup and Timo's vision for the evolving food industry!

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https://wise.com/gb/business/?utm_source=secretleaders&utm_medium=audio&utm_campaign=secret+leaders_2H+2024&utm_content=Wise+Business

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Secret Leaders with Dan Murray-Serter & Chris Donnelly

Building a $1bn business after Dragons' Den REJECTION - Timo Boldt, Gousto

Episode guests