Taste Radio

This week, the hosts discussed the relevance and sustainability of consumer trends and how to identify fads versus lasting concepts, extolled the virtues of Taste Radio VIP and highlighted two upcoming and can’t miss industry events. This episode also features an interview with Honest Tea/Eat The Change co-founder Seth Goldman, who discussed lessons learned from 25 years as an entrepreneur. Show notes: 0:39: BYOS. Gender Reveal CPG. A “Skinny” Session. Swoops And Samples. – The hosts thanked listeners who have signed up as Taste Radio VIPs, encouraged Boston area entrepreneurs and industry professionals to meet up at BevNET HQ and spotlighted speakers that will be on stage at BevNET Live Summer 2023. Ray shared an idea for a gender reveal consumer brand (one met with skepticism), before the group evaluated popular fads and sustainable trends and chatted about Jacqui’s timely tee and new products from tinned seafood and tamales to canned water and Calexo. 36:32: Interview: Seth Goldman, Co-Founder, Honest Tea and Eat The Change – In an interview recorded at Eat The Change’s bustling booth at Expo West 2023, Goldman reflected upon his 25 years as an entrepreneur and lessons learned about the modern beverage industry, developing an effective trial strategy, consumer perception of plant-based foods and developing strong relationships with retail buyers. Brands in this episode: C4, Milo’s Vita Coco, Prime, Skinnygirl, Spindrift, Monster, Drink Weird, Liquid Death, Top Of The Mornin’, Eat Good Tamales, Calexo, Ekone, Hotpot Queen, Honest Tea, Beyond Meat, Eat The Change, PathWater, Krispy Kreme, Coca-Cola

Padma Lakshmi, the host of Emmy-winning TV reality competition “Top Chef” and creator of the critically acclaimed Hulu series “Taste the Nation,” is one of the most recognizable and respected figures in food media. Although she wields considerable influence, Lakshmi rarely endorses products and seldom partners with consumer brands. An exception is her investment in Dah!, which markets a line of traditional Indian yogurt smoothies known as lassi. Lakshmi joined the company as a board advisor and brand partner in 2021 and has played a key role in Dah!’s marketing and education strategy. She is often featured in the brand’s social media accounts, highlighting lassi’s versatility, flavor and nutritional benefits.  Her role as an ambassador and face of Dah! was on full display at Expo West 2023, where we spoke with Lakshmi about her approach to building interest and awareness for lassi, how the beverage aligns with her advocacy for ethnic cuisine and her criteria for investing in consumer brands. This episode also features an interview with Sandro Roco, the founder and CEO of fast-growing Asian-inspired sparkling water brand Sanzo, one that continues upon a new series for Taste Radio in which entrepreneurs share lessons learned along their respective journeys.  Show notes: 0:55: Interview: Padma Lakshmi, Investor, Dah! – Lakshmi spoke with Taste Radio editor Ray Latif about her first Expo West experience before discussing her involvement with Dah!, why she doesn’t make a distinction between delicious and better-for-you and how and when she typically consumes lassi. She also explained why she doesn't feel like she “promotes” the brand, how she supports retail efforts, what she describes as “most exciting aspect of the food business” and why she is generally skeptical about celebrity endorsements of consumer products. 15:54: Interview: Sandro Roco, Founder & CEO, Sanzo – One year after our first interview with Roco, we followed up with Sanzo's founder for a discussion about what he’s learned regarding leadership, forecasting demand, raising growth capital, testing new products and working with mass retailers like Target. Brands in this episode: Dah!, Sanzo

A bursting-at-the-seams episode of Taste Radio includes the hosts’ arguments for and against online grocery shopping, a brief report on a permanent pop-up, a candy brand’s unrecognizable revamp and why they’re bullish on banana flavor, but not blue colored beverages. The team also shared their take on seed-centric sweets, cascara’s communication breakdown and their enthusiasm for ethnic drinks and snacks. Show notes: 0:39: “Game Of Chicken In Aisle 1.” It’s Called A Meetup, Ray. Just Add Raisins… And Boba. – BevNET’s director of community Melissa Traverse explained her love for a regional grocery chain before Ray and John extolled the virtues of online food shopping and encouraged local food and beverage professionals to meet up for an upcoming event at BevNET HQ. The hosts also discussed a retailer’s revealing admission, a brand new look for purpose-driven candy brand, a beloved soda flavor returning to the shelf, their collective bewilderment that “blue raspberry” is a thing, chocolate bark and "Seinfeld" references and Mike’s praise for a Vietnamese coffee entrepreneur and a modern Pakistani brand. Brands in this episode: Little Sesame, BodyArmor, Joyride Candy, Better Sour, Fruit By The Foot, Olipop, Red Bull, Powerade, Electrolit, Remedy Organics, GT’s Living Foods, Seedly, Chunky Bar, Up to Good, Wize Tea, Bai, Nam Coffee, Twirl Milk Tea, Original Sin Cider, Babo’s Kitchen

In 2012, Pete Maldonado and Rashid Ali each invested $3,250 to launch better-for-you meat stick brand Chomps, money they used for the brand’s first production run. After bootstrapping the company for a decade, Pete and Rashid brought in a strategic partner, one that made a slightly larger investment: $80 million in equity capital at a valuation north of $200 million. Chomps, the fastest growing natural meat snack brand in both the natural and conventional retail channels, markets meat sticks made from 100% grass-fed and finished beef and venison, and free-range turkey that contain no hormones, antibiotics and or added sugar. The products are Whole30 Approved, Certified Gluten-Free and Non-GMO Project Verified and carried by several national grocery chains including Trader Joe’s, Walmart and Whole Foods. Chomps’ growth has been remarkable, and yet very intentional. While not everything has gone according to plan, Maldonado and Ali’s consistent emphasis on strong unit economics and profitability, along with their ambition to thoughtfully and patiently develop a billion-dollar brand, have positioned Chomps to become a major player in healthy snacking. In this episode, the entrepreneurs discussed their deliberate path and planning to build Chomps and how the pandemic impacted their decision to bring in an institutional investor, despite their long reluctance to do so. Show notes: 0:45: Pete Maldonado and Rashid Ali, Co-Founders, Chomps – Maldonado and Ali spoke with Taste Radio editor Ray Latif at Expo West 2023 where they revisited Maldonado’s 2018 interview for the podcast and how Chomps has evolved since, how the Covid-19 pandemic precipitated a dramatic decline in sales that nearly bankrupted the company, and why they’ve declined offers to make an exit. They also discussed how hiring the right people has given the company a leg up in forecasting supply and demand, how data informs their innovation strategy and how they are passing on learnings from building Chomps to their children. Brands in this episode: Chomps

Back home and in the studio, the hosts shared additional highlights — and unexpected sights – from Expo West 2023, including introductions to several innovative and early-stage brands. Also, Ray Latif offered his take on the 2023 Seafood Expo North America and sat down with Mason Dixie Foods founder and CEO Ayeshah Abuelhiga for the first in a new series of interviews focused on lessons acquired by entrepreneurs at various stages of their respective journeys. Show notes: 0:39: Listen Up, VIPs. Anaheim’s Best Parking Lot. Dr. Squatch vs. Mr. Mike. – The crew encouraged listeners to become Taste Radio VIPs and discussed the benefits that come with it, before chatting about Expo West sheen and bubble guts, Ray’s luxurious workspace (not really) and his apology to exhibitors. They also spoke about meaningful and touching interactions with Expo attendees, meeting new brands and founders at Startup CPG’s Alley Rally meetup, a superb wine-alternative brand and why Mike might not be welcome at a certain booth in a year’s time. Later, they also sampled reformulated versions of “big name” candy bars and discussed findings from a fish-laden trade event. 36:32: Interview: Ayeshah Abuelhiga, Founder/CEO, Mason Dixie Foods – We last spoke with Abuelhiga in March, 2021 following the company’s $6.3 million Series A funding round, which preceded the launch of its popular biscuit breakfast sandwiches. In the time since, Mason Dixie has experienced remarkable growth, with revenue up 300% over the past year, according to the company. It also launched a national partnership with Marriott Select Brand Hotels, where its grab-and- go breakfast items are stocked in over 3,500 of the chain’s locations. This past week the company  also introduced three new product lines at Expo West 2023: Liege Waffle Sandwiches, Liege Waffles and Ready-to-Heat Biscuits. In this interview, Abuelhiga discussed lessons learned from her nearly nine years as an entrepreneur, including those about raising capital, customer service, and sexism and bias in the food industry, among other topics. Brands in this episode: Fishwife, Empress Hot Sauce, Resist Nutrition, Sunwink, Tahoe Artesian Water, Katrina Brewing, Kula Ice Cream, Funky Mello, Pocket’s Chocolate, Points, Wise Bar, Proxies, Acid League, Bokksu, Mason Dixie Foods, Trip, Taika, Centr, Agua Bonita, Gigantic Candy, Wixter Seafood, Thunder’s Catch, Barnacle Foods, Wild Legend

Straightforward advice can be hard to come by. Unless you’re getting it from Melissa Facchina. An operations expert with over 25 years of experience in food and beverage manufacturing and services, Melissa co-founded growth equity firm Siddhi Capital in 2020. Initially focused on seed and venture capital funding for early-stage brands, Siddhi has since turned its attention to investments in high-growth companies, including Mid-Day Squares, Aura Bora, Magic Spoon and immi. As Siddhi pursues its mission of “changing the landscape of food and beverage for the better,” Facchina has emerged as a trusted and reliable voice within the industry, advising founders on how to build sustainable and successful businesses. Facchina’s voice will become a regular fixture on Taste Radio as the investor joins the podcast for a regular series, which will feature her take on current topics and common questions related to investment in packaged food and beverage companies. This episode is the first (and extended) edition of the series, in which Facchina spoke about her background, career and the focus of Siddhi Capital, the pervasiveness of "bad information" circulating on Linkedin and why she believes that the vast amount of capital invested in food and beverage brands over the past decade has been to the detriment of the industry. She also discussed how entrepreneurs are faced with a shift in how investors perceive profitability and top-line revenue and her recommendations on how founders can navigate a potential recession.  Show notes: 0:50: Melissa Facchina, Co-Founder & Managing Partner, Siddhi Capital – Facchina spoke with Taste Radio editor Ray Latif about the vision for “The Siddhi Sage,” how her family’s business helped get her acclimated with various aspects of the food and beverage industry, why she believes a great operations strategy is the key to making healthy food more accessible and how her consulting firm Siddhi Ops created a foundation for Siddhi Capital. She also explained why venture capital has been flowing into the food and beverage industry and her perspective that the lack of attrition among upstart brands has cluttered the space and made it more challenging for founders to meet the expectations of investors. Later, she discussed why Linkedin has become inundated with unrealistic depictions of emerging brands, general confusion about how an investment firm’s funds are raised and deployed and how she defines “a rockstar, unbelievable company,” Brands in this episode: Mid-Day Squares, Aura Bora, Magic Spoon, immi

On the ground in Anaheim, California, Taste Radio’s hosts reflected upon the first two days of an exhilarating Natural Products Expo West 2023 and highlighted standout new brands and products exhibited at the show, along with those featured at the Snaxshot X BevNET and MENA CPG meetups held during the week. Brands in this episode: De La Calle, VINA, Senor Mango, Absurd Snacks, Brutal, Casalu, Canneta, Bantu Chocolate, Peepal People, Puuro, Scout Canning, Tempo, Louie Louie, Babos Kitchen, Pocket’s Chocolate, Wild Tonic, Rowdy Mermaid, Seacharrones, Chomps, Fishwife, Aura Bora, Mason Dixie Foods, Ziba Foods, Sanzo, Urban Remedy, Little Sesame, Fly By Jing, Rudi’s, Chamberlain Coffee, Just Egg, Heyday Canning, Better Sour, Jabin Beverage Co., Afia, Magicdates, Zesty Z, Mazzah Chutney, Aissa Sweets, Mason Dixie Foods, RIND Snacks, The Bad Tea Co., Suckerpunch Gourmet, Greenhouse Juice, Mooski, BioLift, Acid League, Blake’s Seed Based

Sometimes you just need to tell it like it is. Dr. Robert Lustig has no problem with that approach, especially if it will save lives. A professor of pediatric endocrinology at the University of California, San Francisco, Dr. Lustig is a leading public health authority who has lectured and written extensively about how sugar and ultra-processed food have fueled a surge in chronic diseases. His work spans 40 years of clinical research focused on childhood obesity, diabetes and other issues that lead to metabolic disease. The keynote speaker at Manna Tree’s second annual Global Health Forum, Dr. Lustig pulled no punches when discussing how decades of overconsumption and poor quality food are root causes of chronic illness and an American healthcare system strained by a perpetually sick population. While the problems seem overwhelming, Dr. Lustig noted the role that innovative food and beverage companies can play in effecting change, a topic he discussed at length in this episode.  Following Dr. Lustig’s interview is the latest installment of The Maxi Minutes, with Maxine Kozler Kover, the co-founder and managing director of Los Angeles-based investment firm LDR Ventures. In this edition, Koven spoke about how angel investors evaluate emerging brands that play in trendy categories and also discussed the sustained lack of investment in female-owned CPG brands, the reasons behind it and ways for the industry to collectively address the problem. Show notes: 1:54: Dr. Robert Lustig, Professor Emeritus of Pediatrics - Division of Endocrinology, UCSF – Taste Radio editor Ray Latif spoke with Dr. Lustig’s about his straightforward style, why he describes common widespread diseases as “symptoms” of disease and shared advice on how to discuss complex issues about food and its effects on health with others. He also explained how the food industry “educates consumers every day,” why he compared kids’ consumption of fructose to that of adults and alcohol and his view that the USDA has conflicting roles and responsibilities. Later, he explained why the food system needs to be reengineered to “work for us and not against us,” the nine words that he uses to describe healthy food and why brands should incorporate them into their innovation strategies, and his assessment of alternative sweeteners. 32:01: The Maxi Minutes Season 2, Ep. 2 – Koven chatted about her plans for Expo West before discussing the rise of non-alcoholic wine, cocktails and other adult beverage analogs, and how she evaluates brands that can become “winners” in their respective categories. She also discussed the disparity of venture capital in women-founded tech companies versus those in the food and beverage industry, why male founders receive greater mentorship and executive training than female counterparts and how it affects funding decisions and why she believes that many investment firms have a perception issue among female founders.  Brands in this episode: Coca-Cola, Pepsico

On the cusp of Expo West 2023, the hosts highlighted a handful of meetups that they’ll be attending at the annual event, including the first for MENA CPG, a new industry organization with a mission to elevate entrepreneurs and professionals of Middle Eastern and North African heritage who have been historically underrepresented and unrecognized in the food and beverage industry.  They also discussed a recent study that links health issues to a commonly used sweetener, a platform for early-stage brands to build awareness, and a bevy of new products, including two backed by internet and pop music icons. Show notes: 0:45: Bands Named After Cities And Continents. SXSW Since The ‘86. Call Him Mr. Deez. – The episode opened with a chat about Europe’s most popular song and why Ray might be the anchor for Taste Radio’s bowling team. John discussed the potential impact of a study claiming that consuming significant amounts of erythritol may raise the risk of heart attack and stroke, a relatively simple way to raise the attention of industry gatekeepers, John’s attempt to go viral on TikTok, a $50 six-pack of strawberries and Ed Sheeran’s spicy foray into CPG. Brands in this episode: Mid-Day Squares, CENTR Enhanced, Wunder Eggs, Via Carota, Athletic Brewing, Super Coffee, Feastables, Andes Mints, Nguyen Coffee Supply, Pop & Bottle, Tucson Tamale, Oishii, Tingly Ted, Veroni, Farming Karma