Taste Radio

BevNET Inc.
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Apr 7, 2020 • 42min

Ep. 208: The One Word That Helped Build A $34 Million Brand

Bagels and cream cheese is a classic pairing. Bantam Bagels co-founders Nick and Elyse Oleksek created an innovative way for folks to skip the prep work: a mini ball-shaped bagel filled with the traditional accoutrement.  Launched as a retail concept in 2013, Bantam Bagels has since evolved into a sprawling platform brand that includes mini stuffed pancakes and egg bites. The products are sold at major retailers, including Safeway, Target and Costco, and are also available in Starbucks pastry cases nationwide. Despite selling their company to Lancaster Colony subsidiary T. Marzetti for $34 million in October 2018. the Oleksaks remain at the helm of day-to-day operations and say their passion and commitment to the brand is as strong as ever. In an interview included in this episode, the Olekseks spoke about their transition from Wall Street analysts to bagel entrepreneurs, the role that the TV pitch competition “Shark Tank” had on the brand’s genesis and its development, how they assessed opportunities to scale the brand and why they said “yes” to everything. They also explained why cold-emailing works and how to do it effectively, why investing in PR has been crucial to the brand’s success and why the timing was right to sell the company.  Show notes:  0:44: Nick & Elyse Oleksak, Co-Founders, Bantam Bagels -- The Oleksaks spoke with Taste Radio editor Ray Latif and offered an eye-popping estimate of how many mini bagels they’ve produced over the years, discussed the notion that entrepreneurs only work for themselves, how they validated the concept and why scaling beyond their home market of New York City required a significant investment in marketing and PR. They also discussed their process for finding a co-manufacturer, how QVC became Bantam Bagels first wholesale partner, why “fake it till you make it” doesn’t hold water “unless you deliver on what you’re promising,” the remarkable story about how they initially connected with a Starbucks buyer and how they proved their value and commitment to the coffee giant. Later, the Oleksaks explained why they have no regrets about selling 25% of the company to “Shark Tank” judge Lori Greiner and how they identified T. Marzetti as the right acquisition partner. Brands in this episode: Bantam Bagels
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Apr 3, 2020 • 43min

Insider Ep. 79: The ‘Sole Advantage’ That Fuels This Fast-Growing Brand

This week, we’re joined by Ethan Hirshberg, the founder and CEO of Ethan’s, a brand of organic wellness shots formulated with functional ingredients, including apple cider vinegar, MCT oil and green tea. Launched in 2017, the brand debuted at Whole Foods locations nationwide and has since added distribution at chain retailers in a variety of channels, including Wegmans, Walmart and Sprouts. In an interview included in this episode, Hirshberg, whose father is Stonyfield Farm co-founder Gary Hirshberg, spoke about why launching Ethan’s was about “solving a program,” the importance of “being nimble responsibly” and why the company is “maniacally obsessed with customer feedback.” He also discussed how core values are incorporated into the brand’s products and communicated to consumers and what he views as Ethan’s biggest advantage over larger and more established competitors. Show notes:  0:37: Ray Needs A Flowbee. Perhaps It Will Arrive In His Virtual Mailbag? -- The hosts riffed on Ray’s tousled hair and review and respond to questions posed by listeners over the past week, including ones about funding, CBD, ingredient suppliers and field marketing. They also reflected on an old AT&T ad, chatted about a few upstart brands, including a zaatar company and encouraged the audience to continue sending in questions and suggestions for content. 10:51: Ethan Hirshberg, Founder/CEO, Ethan’s -- Hirshberg spoke with Taste Radio editor Ray Latif about  growing up in the food and beverage industry, lessons learned from father and other mentors and his experience working at coconut-based food and beverage company Harmless Harvest. He also discussed the company’s relationship with Whole Foods, why the company decided to focus on shots and how the past two years have been primarily about frequent and fast iteration and tweaking. Later, he explained the importance and hierarchy of its core values of organic, glass and functionality, how Ethan’s educates consumers about usage and drinking occasions and how the company evaluates opportunities to innovate. Brands in this episode: Ethan’s, G&Juice, Brewpub Jerky, Wake Up Water, Z&Z
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Mar 31, 2020 • 32min

Ep. 207: How This Challenger Brand Is Beating The Giants At Their Own Game

Ben Goodwin and David Lester admit that they’ve taken on a massive challenge. And that’s just the way they wanted it. The founders of Olipop, a brand of sparkling beverages made with prebiotics, botanicals and plant fiber and featuring classic flavors like root beer and cola, Goodwin and Lester promote the products as “the healthy alternative to soda,” a tagline that takes direct aim at legacy carbonated soft drinks. “For better or worse, we do seek out those challenges,” Lester said in an interview featured in this episode. “It often feels like the most meaningful or impactful thing we can do.” Goodwin added: “If there's something worth doing from a scientific or consumer health perspective, it’s worth doing at scale.” Olipop is the second beverage venture founded by Goodwin and Lester, who previously co-founded Obi, a probiotic-infused soda brand designed to appeal to mainstream consumers; Obi was acquired in 2017. Amid growing distribution along both coasts, Olipop has caught the attention of investors who have fueled its development via a $2.5 million seed round in 2019 and a $10 million Series A round in January.  As part of our conversation, Goodwin and Lester spoke about how Olipop was conceived, how they communicate functional ingredients to consumers, why the brand is resonating beyond natural channel retailers and how lessons from their experience with Obi are incorporated into their current business strategy. Show notes:  0:44: David Lester & Ben Goodwin, Co-Founders, OLIPOP -- In a call with Taste Radio editor Ray Latif, Goodwin and Lester spoke about the history of their partnership, the complementary nature of their skill sets and the mission and development of their first brand, Obi. They also discussed the importance of “adaptive, hungry thinking and action,” why they describe the beverage industry as “business on expert mode,” and their belief that soda offers the broadest opportunity to deliver digestive health benefits to  consumers. Later, they explained their approach to branding, how Olipop’s package design has fueled trial, why educating consumers about the products’ health benefits is not a priority, why they’re not interested in non-soda drinkers and why who you’re working with is as important as what you’re working on. Brands in this episode: Olipop, Halo Top, Beyond Meat
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Mar 27, 2020 • 39min

Insider Ep. 78: The ‘Reason’ Behind This Once In A Generation Opportunity

Hilary McCain, founder and CEO of CBD-infused sparkling water brand Sweet Reason, describes the  nascent market for legal cannabis-centric products as “a once in a generation opportunity” for entrepreneurs. As part of an interview included in this episode, McCain noted that while the surge in consumer interest for CBD will benefit many early-stage companies in the space, the long-term success of her brand will be rooted in its resonance with consumers. “We are really focused on building a brand around being ‘curators of calm,’ she said. “It’s never been more relevant than in today’s day and age. In my mind, CBD is in the same trend as meditation, mindfulness, self-care; that’s the lane we’re playing in.” Launched in 2018, Sweet Reason is aligned with New York-based distribution heavyweight Big Geyser and sold in hundreds of chain and independent retail locations in the metro market and Los Angeles. The company has also attracted a number of influential investors and advisors; in July 2019, Sweet Reason raised $2.5 million in a seed round led by venture capital firm Lerer Hippeau and recently brought on veteran beverage executive Hal Kravitz to support its continued development.  As part of our interview, McCain spoke about early roadblocks in the development of Sweet Reason, her perspective that beverages are the best delivery format for CBD and how she communicates functional claims. She also discussed strategizing for the future in an unclear regulatory environment and how she’s curated her pitch to investors. Show notes:  0:33: WFH? Good Thing We Have National Cocktail (Every) Day. #Goals -- The episode’s hosts discussed how they stayed focused while working from home, setting up a “virtual water cooler” for your organization and why it’s important for brands to create meaningful content that’s authentic to their values. They also noted conversations with a few entrepreneurs about how their respective businesses are  doing amid the current situation. 10:51: Hilary McCain, Founder/CEO, Sweet Reason -- Taste Radio editor Ray Latif spoke with McCain about her career experience prior to launching Sweet Reason, why she became “obsessed with CBD beverages” and why the company is spending significant resources to teach consumers about the ingredient. She also discussed how the brand is attempting to own a distinct message about the benefits of CBD, her involvement in lobbying efforts to achieve GRAS status for CBD in food and beverages and how she convinced Lerer Hippeau, an early-stage venture capital fund notable for early investments in Warby Parker and Casper, to invest in the brand.  Brands in this episode: Sweet Reason, Campari, Tip Top Cocktails, Cocchi Americano, Luxardo, Cece's Veggie Co., Core Foods, O2, Smooth Pops, Baaz Bites
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Mar 24, 2020 • 29min

Ep. 206: This ‘Sport Science’ Guru Explains What It Takes To Win On And Off The Field

If you’ve ever seen an episode of ESPN’s “SportsCenter,” chances are that John Brenkus is a familiar face. The Emmy award-winning host and producer of “Sport Science,” a series that examines exceptional athletic performance through the lens of data and scientific research, Brenkus was recently announced as the Chief Brand Officer of natural energy drink brand Kill Cliff. According to the company, the role “will build upon the science in its products and elevate the brand among athletes and consumers.”   In an interview included in this episode, Brenkus, who is also the author of The New York Times bestselling book “The Perfection Point,” spoke about the origins of his work and why after dozens of offers to partner with other drink brands he chose to align with Kill Cliff. He also discussed his process for evaluating functional ingredients, in particular CBD, navigating potential pitfalls in consumer education and addressing gaps in sports nutrition.   Show notes:  1:17: John Brenkus, Creator, “Sport Science” & Chief Brand Officer, Kill Cliff -- Brenkus spoke with BevNET managing editor Martín Caballero about growing up in the Washington D.C. area and how he merged his passion for sports with science, leading into his foray into television and the development of his career.  He also discussed the evolution of athletic performance in amateur and professional sports, what inspired him to align with Kill Cliff and why he describes the brand as a “game changer,” how humans process natural versus artificial ingredients and his perspective on competition in the energy drink space. Later, he explained why the ideal Kill Cliff consumer is someone who can make “better decisions,” why he believes that CBD has “a really bright future” and how the company is gathering data and research about the ingredient. He also spoke about how he evaluates claims of “rapid hydration” and those associated with MCT oil and the importance of consistent sleep for everyday health. Brands in this episode: Kill Cliff, Red Bull, Monster Energy, Rockstar Energy, Hydrant, Liquid I.V., SOS Hydration
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Mar 20, 2020 • 26min

Insider Ep. 77: A Bloom Is On The Horizon. Here’s How To Prepare For It.

This week’s episode focuses on ways that the BevNET and NOSH teams are working with entrepreneurs to support their businesses during these uncertain times, and also includes an interview with Candice Crane, founder/CEO of botanical drink brand Petal Beverage, who spoke about how she is navigating a challenging environment for small food and beverage companies. Founded in 2017, Petal has won plaudits for its organic sparkling beverages which are formulated with a range of botanical essences, including rose water, lychee and elderberry, among others. The brand is distributed in 1,000 locations, including at Gelson’s, Jimbo’s, Albertsons and Cost Plus World Market. As part of our interview, Crane spoke about her foray into the beverage industry, identifying the brand’s core consumer and how the company is leaning into its digital marketing strategy amid an evolving retail landscape. Show notes:  1:07: Let’s “Hangout” For A Beer Or Coffee -- The episode’s hosts spoke about how some brands are managing their businesses during the current and also encouraged entrepreneurs and brand executives to reach out to the BevNET and NOSH teams for a virtual meeting to discuss business strategies and planning or just to check in for a beer or coffee. They also offered suggestions on how to pitch news, ways to amplify trade communication (email us at strategy@bevnet.com), how to enjoy cocktails with your kids and a few notable snack and beverages brands that helped keep the team nourished over the past week. 15:34: Candice Crane, Founder/CEO, Petal Beverage -- Crane spoke with Taste Radio editor Ray Latif about her family’s history of entrepreneurship, her inspiration for launching Petal and key takeaways from the brand’s initial test in the Chicagoland market. She also discussed how the company incorporates influencer content into its digital marketing, how Petal is adjusting its 2020 retail strategy and why she believes that food and beverage companies have “an obligation to do well.” Brands in this episode: Petal Beverage, Herb & Lou’s, Unite Food, The Naked Baker, Simply 7, Whisps, Brewer’s Crackers, Lyre’s, Better Booch, Maple Mama, Shroom Shot
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Mar 17, 2020 • 42min

Ep. 205: Why A Future Of ‘Real Food For Everyone’ May Not Be Far Away

There’s an inherent connection between the last name Musk and Tesla. And while Kimbal Musk, brother of Elon Musk, is a founding board member of the electric car company, his focus is firmly on the future of food.  Musk is the co-founder and chairman of three companies -- The Kitchen Restaurant Group, Big Green and Square Roots -- each designed to support his overarching mission of “real food for everyone.” The ambitious goal is anchored in urban farming, food literacy projects for children and a restaurant chain focused on accessible, healthy meals and snacks.  In an interview included in this episode, Musk spoke about the roots of his mission and how each of his ventures is contributing to the advancement of the food system. Show notes:  1:07: Kimbal Musk, Co-Founder & Chairman, The Kitchen Restaurant Group/Big Green/Square Roots -- In a call with Taste Radio editor/producer Ray Latif, Musk discussed how a life-changing accident shaped his perspective on food culture, why he designed his restaurant chain Next Door American Eatery to be “everyman’s joyful restaurant” and how the company incorporates trust and authenticity into its menu. He also spoke about the critical role of taste in convincing consumers to eat healthier food, educating children about “real food” through schoolyard “learning gardens,” and how “Plant A Seed Day” is at the core of his overarching mission. Later, he explained the origins and focus of his urban farm company Square Roots, why he believes in a future where all people can access produce grown within a few miles of their homes and his involvement with electric car manufacturer Tesla and private rocket company SpaceX. Brands in this episode: Square Roots, Impossible Foods, Gotham Greens, Beyond Meat, Memphis Meats
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Mar 13, 2020 • 33min

Insider Ep. 76: Why ‘Wood Fires’ Are The Key To Long-Term Trends

When assessing the long-term potential for trendy product concepts, Mark Alexander, the CEO of fast-growing skyr brand Icelandic Provisions, uses a “warm” analogy.  “Paper fire burns really bright, and then it’s out before you know it,” Alexander said in an interview included in this episode. “A wood fire is going to last and burn for a while. That’s how we look at things: is this [trend] a paper fire or a wood fire?” Following a nearly 30-year career at the Campbell Soup Company, Alexander joined Icelandic Provisions in February 2019. A brand of traditional Icelandic skyr, Icelandic Provisions launched in 2016 and has tapped into growing demand for high-protein, low sugar cultured dairy. The company’s products, known for rich flavor and velvety texture, are sold in over 10,000 locations nationwide, including Whole Foods, Wegmans and ShopRite.  As part of our conversation, Alexander spoke about his transition from Campbell to Icelandic Provisions, lessons and takeaways from working at a CPG conglomerate that he’s incorporated into his current role and how the skyr company navigates consumer demand for premium and affordable offerings. Show notes:  1:05: Elevators In Studios, Major Raises & Vegan Pork Rinds -- The episode’s hosts opened the show with a chat about BevNET’s Elevator Talk Livestream, which gave brand founders and CEOs and opportunity to be interviewed live via remote video and discuss new products and brand updates that they would have been featuring at Expo West 2020. They also spoke about recently completed funding rounds for sparkling water brand Spindrift and non-alcoholic beer company Athletic Brewing and munched on a new line of vegan pork rinds. 8:40: Mark Alexander, CEO, Icelandic Provisions -- In a call with Taste Radio editor Ray Latif, Alexander discussed his ambition to become the CEO of a company, the most rewarding and challenging aspects of working at a food conglomerate and what drew him to Icelandic Provisions. He also spoke about the steepest part of the learning curve in leading an entrepreneurial brand, why the industry is seeing greater numbers of big company CPG executives migrating to entrepreneurial brands, how hype affects emerging trends and how Icelandic Provisions responds to consumer backlash to added sugar. Brands in this episode: Icelandic Provisions, TeaRiot, Bobo’s, Sol-ti, Ayoba-Yo, Greenbelt Craft Kombucha, The Good Bean, Spindrift, Athletic Brewing Co., Beanfield’s, Snacklins, Clif Bar, Pepsi, Campbell’s
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Mar 10, 2020 • 29min

Ep. 204: How Dang Foods Describes The ‘Perfect Consumer’

Following a recent evolution in its branding, Dang Foods co-founder/CEO Vincent Kitirattragarn says his company is well-positioned to tap into what he believes is one of the most overlooked and influential demographics in the U.S.: Asian-Americans. Best known for its sweet and savory coconut chips, Dang Foods was launched in 2012 by Kitirattragarn and his brother Andrew . Since its debut, the company has expanded its product portfolio to include rice chips and a fast-growing line of keto-certified snack bars made with Asian-inspired flavors. The brand is represented in over 13,000 retail locations nationwide, including at Kroger, Target and Whole Foods, where its bars are the top-selling brand in its category, according to Dang. Earlier this year, the company repositioned itself as an “Asian-American snack brand,” a move that Kitirattragarn said will enhance sales and help it attract new consumers from a community that he described as “perfect when designing a brand.”  “It’s the highest income consumer, it’s the consumer with the highest levels of education, most likely to be organic eaters, most likely to be vegetarians, and nobody’s speaking to that consumer,” Kitirattragarn said in an interview included in this episode. “This positioning is something that we can fully, authentically own.” In our conversation, Kitirattragarn spoke further about the company’s origins and how Dang communicates its brand story across product lines. He also explained why he keeps a tight grip on the company’s innovation strategy and discussed its relationship with investment firm Sonoma Brands. Show notes:  2:00 Vincent Kitirattragarn, Co-Founder/CEO, Dang Foods -- Taste Radio editor Ray Latif spoke with Kitirattragarn about how college classmates spurred his foray into entrepreneurship, the history behind the name, the evolution in its branding and whether its current positioning could have existed when it first launched. He also discussed Dang’s product mix and why entrepreneurs have to be “excited by [their] own innovation,” why “category size is super important” in new product development, how investors were skeptical about his decision to launch a line of snack bars and how he proved them wrong. Later, he spoke about what Sonoma Brands and Krave Jerky founder Jon Sebastiani brings to the table as an investor, how his leadership style has changed over the years, building company culture through core values and his work with the JEDI Collaborative, a non-profit group that promotes diversity and equality within the CPG industry.  Brands in this episode: Dang Foods, Krave Jerky, Smashmallow
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Mar 6, 2020 • 35min

Insider Ep. 75: When Building A Brand Means Creating A New Category

In this episode, we’re joined by William Siff, founder and CEO of Goldthread, an innovative brand of plant-based tonics formulated with herbs, spices and adaptogens. A clinical herbalist, ethnobotanist and licensed acupuncturist, Siff launched the company in 2016 as an extension of his apothecary and herb farm in Western Massachusetts.  A pioneer in the emerging category of adaptogenic beverages, Goldthread’s products are designed to  “restore, refresh and invigorate our mind, body and soul.” The brand is distributed at natural and conventional retailers nationwide, including Target which recently added Goldthread to 970 of its locations.  In an interview included in this episode, Siff spoke about his background as a natural health practitioner and how his experience led to the creation of Goldthread. He also discussed why building the brand was akin to “inventing the category,”  effective methods for driving consumer education and brand awareness, defining metrics for success and how the company incorporates ingredient trends into its innovation strategy. Show notes:  0:50: Thoughts On An Expo-Less Week (At Least We Have Churro Ice Cream) -- The hosts reflected on the postponement of Natural Products Expo West 2020 and how exhibitors that planned to feature new products and brand updates at the annual event can share the news with BevNET and NOSH. They also chatted about how texting has become a useful tool for communicating with the editorial team, chomped on plant-based ice cream and reiterated that sharing snacks is always welcome. 10:25: William Siff, Founder/CEO, Goldthread -- Siff spoke with Taste Radio editor Ray Latif about his foray into the beverage industry and why he viewed packaged drinks as “a model that could scale our overall efforts” to “get as many herbs, spices and adaptogens into as many people’s bodies as possible.” He also discussed key benchmarks that the company has reached, why demos and its “Plant Venture” events have been essential to the brand’s development and how he works with retailers to add more adaptogenic drinks to their shelves. Later, he explained why refreshment is a key selling point for Goldthread and why he believes that schizandra berry will emerge as the next “big” functional ingredient. Brands in this episode: Goldthread, Fuze, Nos, BodyArmor, Core, Adrenaline Shoc, Cali’flour Foods, Ripple Foods, Van Leeuwen, Halo Top, UnReal, From The Ground Up

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