Taste Radio

BevNET Inc.
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Apr 19, 2019 • 32min

Insider Ep. 30: The Goal Is To Become a Billion-Dollar Brand

August Vega is a “go big or go home” kind of entrepreneur. The founder and CEO of MALK, a super-premium brand of organic nut milks, Vega cut her teeth in the beverage business selling her wares at farmers markets in Houston. From the outset, Vega had lofty ambitions: she wanted to develop MALK into a billion-dollar brand. “I believe that we are in control of our own destiny, and why shoot for a low bar?” she said in an interview included in this episode. “It is a high bar… but we’re seeing a pretty big evolution in the plant-based space, not just from a dairy perspective, but in meats -- it’s everywhere. And I think there’s potential.” Since launching the brand in 2014, Vega has maintained that focus and made strides toward her goal. MALK is sold nationally at Whole Foods and carried at a variety of mainstream grocers and mass retailers, including HEB and Target. In an interview included in this episode, Vega spoke about the origins of MALK and why she envisioned it as a billion-dollar brand from the outset. She also explained why data has been critical to the company’s development and the variety of ways it sources sales information and consumer feedback. Vega also discussed how MALK considers innovation and investment and talked about how she navigated the company through a particularly challenging period. Show notes: 1:09: Steeped in Specialty Coffee -- The hosts kicked off the episode with a discussion about innovative and interesting coffee brands featured at the recently held Specialty Coffee Association Expo. Among notable brands viewed at the annual trade show, hosted in Boston from April 11-14, were Steeped, a maker of bagged coffee grounds, and Elemental Beverage Co., a manufacturer of commercial appliances that chill fresh-brewed coffee in 60 seconds. The hosts also chatted about the latest issue of BevNET Magazine, which includes feature articles on the premium water category, powder beverages and craft beer as well as a comprehensive listing of functional beverages marketed in the U.S. 14:59: Interview: August Vega, Founder/CEO, MALK -- Recorded at Natural Products Expo West 2019, Vega spoke about the coincidental ties between MALK and a fictional brand featured in “The Simpsons” and how dairy allergies in her family and dissatisfaction with nut milk brands led her to create MALK. She also explained why MALK doesn’t use the word “milk” on packaging or marketing, why data drives much of its business and innovation strategy and why Boulder Food Group is the right investment partner for the company. Later, she discussed the controversy surrounding MALK’s use of high pressure processing as a safety step and how she addressed concerns about the products, and what she views at the near future for the brand. Brands in this episode: MALK, Steeped Coffee, Sudden Coffee, Blume, Roasterie, Atomic Coffee Roasters, Izzy CBD, Elemental Beverage Co., Essentia, Core, C4
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Apr 16, 2019 • 34min

Ep. 158: Why Ignorance Is Underrated According To The Successful Entrepreneur Behind Crispin and Copper & Kings

According to Joe Heron, ignorance is underrated. A serial beverage entrepreneur on his third startup, Heron joined us for an interview included in this episode, in which he expressed his belief that “the number one characteristic of an entrepreneur is stupidity... because you manage the opportunity, you don’t manage the risk.” Having founded and successfully sold functional drink brand Nutrisoda and Crispin, a brand of premium hard ciders, Heron is now at the helm of Copper & Kings, a brandy-centric distillery based in Louisville, Ky. Prior to launching Copper & Kings in 2014, Heron had no prior experience in the distilled spirits industry, and, as he would learn, the process of starting a new distillery is notoriously difficult and expensive. Nevertheless, Heron couldn’t pass up an opportunity to fill what he identified as a gap in the market for high quality American brandy. “For entrepreneurs, it becomes a compelling challenge of making the idea real,” he said. “When you look at brandy, an enormous category, and the fact that was no American brandy, that felt like a really big idea.” As part of our conversation, Heron spoke about his career as a brand creator beginning with Nutrisoda in 2002 through to the launch of Copper & Kings in 2014. Heron also explained why he views entrepreneurship as an art form and an outlet for creative expression, how he identified cider and brandy as two beverage categories that were ripe for innovation, what he took into consideration when selling Crispin to MillerCoors and why he decided to sell a minority stake in Copper & Kings to beverage alcohol conglomerate Constellation Brands. Show notes: 2:50: Interview: Joe Heron, Founder/CEO, Copper & Kings -- In an interview recorded via weblink, Heron spoke with BevNET CEO John Craven and Taste Radio producer Ray Latif about his path to entrepreneurship and what motivated him to launch Nutrisoda, a functional beverage brand that was acquired by PepsiCo in 2006. He also explained how a British trend of hard cider served over ice led him to create Crispin and why the company’s focus on marketing and innovation helped it to stand out among competitors. Later, he spoke about the sale of Crispin to beer giant MillerCoors and discussed his belief that “it’s better to be fast and messy than slow and late.” He also explained why it’s important for the company to “behave like an incumbent, not a challenger” and why he views distilled spirits giant Constellation, which holds a minority stake in Copper & Kings as “essentially as startup masquerading as a giant corporation.” Brands in this episode: Nutrisoda, Vitaminwater, SoBe, Crispin Cider, Copper & Kings
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Apr 12, 2019 • 33min

Insider Ep. 29: Why This Two-Second Business Pitch Is So Powerful

As the saying goes, “a picture is worth a thousand words." When evaluating investment opportunities, Chris Hollod, a venture capitalist focused on early-stage consumer brands, takes the adage to heart. “I tell every brand: ‘I judge you within the first two seconds of looking at your Instagram page,’” he said in an interview included in this episode. “I think it’s the most important piece of the puzzle aside from the actual packaging itself.” That perspective has helped shape Hollod’s portfolio, which includes stakes in a number of lifestyle brands, including Matchabar, Dirty Lemon, Know Foods and Recess, among others. Listen to our full interview with Hollod, who spoke in depth about his investment philosophy, how he identifies bleeding edge trends and categories, and what an examination of “signal to noise ratio” can reveal about a brand’s prospects. Show notes: 1:28: Receptors, Randy's and Roscoe's -- Early into the episode, Mike pops some CBD mints to (hopefully) address a few ailments, and the hosts discuss the difference between early-stage venture capitalists and angel investors. Later, they imbibe on some non-alcoholic beer from London (it’s pretty tasty stuff) and chat about why it makes sense for successful and sometimes wealthy entrepreneurs to seek outside capital for a new company. Last, but not least, Ray expresses his love/hate relationship with donuts. 14:14: Interview: Chris Hollod, Founder/Managing Partner, Hollod Holdings -- In an interview recorded in Los Angeles, BevNET’s John Craven and Mike Schneider spoke with Hollod about his background and investment philosophy and why digital strategy is at the top of his list when evaluating brands. He also explained why he believes that his job requires him to not only to follow and facilitate innovation but to predict it. Brands in this episode: Pur 7, Lucent Botanicals, Black Medicine Coffee, Infinite Session, O’ Doul’s, Founder’s Brewing, Spudsy, Buff Bake, Kane’s Donuts, Union Square Donuts, Voodoo Doughnut, Dunkin, Randy’s Donuts, Roscoe’s, Recess, Dirty Lemon, Matchabar, Know Foods, JuneShine, Blue Bottle Coffee, Four Sigmatic, Tenzo Tea, MUD\WTR, Verb Energy
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Apr 9, 2019 • 36min

Ep. 157: How This Blogger Built a $200 Million Paleo Powerhouse

A serial entrepreneur who started working for himself at age 12, Mark Sisson, has launched dozens of businesses over the course of his career. Last year, he finally hit the jackpot. Sisson is the founder of Primal Kitchen, a Paleo-centric brand of condiments and dressings that he founded in 2015. Primal Kitchen has been his biggest success as an entrepreneur; last year Kraft Heinz acquired the brand for $200 million. Although Primal Kitchen was on the market for just over three years when it was acquired, the brand, which was born out of Sisson’s popular blog, was decades in the making. In an interview included in this episode, Sisson spoke about his background as an entrepreneur and how his experience in direct-to-consumer sales paved the way for his blog and help lay the foundation for Primal Kitchen. Sisson also discussed effective techniques for communicating with modern consumers and why he views Kraft Heinz as the perfect partner. Show notes: 2:36: Interview: Mark Sisson, Founder, Primal Kitchen -- In an interview recorded at Natural Products Expo West 2019, Sisson spoke with NOSH editor Carol Ortenberg about the variety of business he founded early in his career and why he launched his blog, Mark’s Daily Apple, in 2006. He also explained why the blog became so influential within the health and wellness community and how it provided  Primal Kitchen with a smooth path to Whole Foods. Sisson also discussed the competitive landscape for Paleo foods and how Primal Kitchen is attempting to separate itself from the pack. Finally, he offered his perspective on the evolution of the food industry and why synergies from the Kraft Heinz deal will be a boon for both companies. Brands in this episode: Primal Kitchen, Soylent
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Apr 5, 2019 • 47min

Insider Ep. 28: This Is What It Takes to Become a Category Leader

In this episode, we examine brand-building and retail strategies for center store grocery in interviews with the founders of two category-leading brands: Katlin Smith, the founder and CEO of fast-growing baking mix brand Simple Mills, and David Eben, the founder of Carrington Farms, a leading brand of organic seeds, grains and oils. Smith is the founder and CEO of Simple Mills, a brand of natural baking mixes, crackers and cookies, that she launched in 2013. Over the past six years, Simple Mills has become one of the leading natural brands in the spaces in which it plays. Its products are distributed in over 13,000 conventional and natural grocery stores including Whole Foods, Sprouts, Target, Kroger and Safeway. Smith was named to the Forbes 30 Under 30 Class of 2017 and based on what you’ll hear in our interview, it’s easy to understand why. Smith spoke about the origins of Simple Mills, how she assessed the opportunity for a better-for-you baking mix brand, what her first year was like and her definition of entrepreneurial commitment. Carrington Farms,  a leading brand of organic seeds and cooking ingredients, actually started out as a tea company. Founder and CEO David Eben discussed the brand’s evolution and how its portfolio has grown over the years. Entrepreneurs would be advised to take note of David’s advice on working with retail buyers and why it has been and continues to be a key part of the company’s business and innovation strategies. Show notes: 1:34: New Kids on the Block -- The hosts chatted about new team members at BevNET HQ including those in marketing, sales and with our NOSH vertical. They also riffed on a bunch of new products sent to the office this week and how some are advancing the categories that they participate in. 16:51: Interview: Katlin Smith, Founder/CEO, Simple Mills -- In an interview recorded at Natural Products Expo West 2019, Smith spoke with BevNET CMO Mike Schneider about her background in management consulting and how it played into the development of Simple Mills. She also discussed the day-to-day grind of her first year in business and how she stayed motivated, how she learned to most effectively present and communicate to investors, retailers and consumers and explained why leadership is about being "willing to change.” 34:09: Interview: David Eben, Founder/CEO, Carrington Farms -- Also recorded at Expo West 2019, Eben spoke with Taste Radio Editor/Producer Ray Latif about Carrington Farms’ evolution from a tea manufacturer to a stable brand for natural and organic ingredients. Eben also discussed the importance of retail buyer relationship, why product development is an “up and down” process that involves both suppliers and retailers, how a crispy quinoa puff was reborn as a crouton, and how to stay relevant with consumers. Finally, he spoke about the company’s charitable arm, Carrington Cares. Brands in this episode: Nick’s Sticks, Vital Proteins, Spudsy, Recipe 33, Pizootz, Ugly Drinks, Banzo Bites, Rachel’s Overnight Oats, Simple Mills, Carrington Farms
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Apr 2, 2019 • 39min

Ep. 156: Dr. Bronner's CEO on Why Psychedelics and Soap Might Just Save the World

David Bronner, the Cosmic Engagement Officer of Dr. Bronner’s, wants to save the world. How, one might ask, does he plan on doing that? Simple. A lot of soap and a dash of psychedelics. Since Bronner took the reins of his family’s business in 1998, Dr. Bronner’s has become the top-selling brand of natural soaps in North America. The company, which also markets natural toothpaste, lip balm, shaving cream and coconut oil, generated $122 million in sales in 2018, over 30 times its revenue when Bronner took over. Dr. Bronner’s, which was founded as a non-profit, religious organization dedicated to world peace, has used that growth to fuel its advocacy for social and environmental causes. The company has donated tens of millions of dollars into efforts supporting GMO transparency, the integration of cannabis and psychedelic drugs into American medicine, and regenerative organic agriculture. As part of a wide-ranging interview included in this episode, Bronner spoke about his roots with the natural soap company and how his advocacy for hemp contributed to the evolution of the brand. He also explained why he supports the use of  psychedelics within the context of the company’s philanthropic strategy, discussed what makes Dr. Bronner’s concept of corporate responsibility different, and how it is preserving its legacy. Show notes: 3:45: Interview: David Bronner, CEO, Dr. Bronner’s -- In an interview recorded at natural products Expo West 2019, Bronner spoke about the company’s origins in Southern California and how his experience as a Harvard student helped shape his personal belief system. He also discussed how his advocacy for hemp cultivation included being caged in front of the White House and planting hemp seeds on the DEA’s lawn, his work with Multidisciplinary Association for Psychedelic Studies and why he believes psychedelics are the “last gift of the counterculture that hasn’t been integrated” into the mainstream. Later, he spoke about the company’s work in regenerative organic agriculture and why it’s so important for companies to vet their supply chains. Finally, he discussed why the company has adopted a benefit corporation structure and how it is laying the foundation for the next generation of managers and executives. Brands in this episode: Dr. Bronner’s, Patagonia, Guayaki, Nature’s Path, Honest Tea, Annie’s
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Mar 29, 2019 • 38min

Insider Ep. 27: Is Bend The New Boulder?

Bend, the small, yet fast-growing city in Central Oregon, has become a haven for entrepreneurship. Although the local economy had been driven by the lumber industry for over a century, Bend has in recent years seen an influx of innovative companies -- from tech to food and beverage -- launched within its borders. According the office of Oregon’s Secretary of State, Bend registers more new businesses each year than any other city in the state. Entrepreneurs often point to the Bend lifestyle, which is steeped in outdoor sports, snow activities and craft beer, as part of the city’s appeal and why a variety of business and consumer publications have ranked Bend as one of the best small cities to live and work in the U.S. In a recent visit to Bend, we met with a few of its food and beverage entrepreneurs and community leaders to learn more about the reasons behind its emergence as a business capital on the West Coast. Note: a few of our interviews were re-recorded via phone due to an unfortunate loss of the original audio, hence a slight variation in sound quality. Show notes: 1:24: Sweetening You Up With... Shots? -- The hosts tested out a product called Nature’s Wild Berry, which claims to make “anything sour, tart or acidic taste extremely sweet” after chewing on it 30 seconds. They also discussed the deluge of new functional shots coming to market and what brands are doing to stand out. 10:34: The Business of Bend -- We explored the city’s evolution as a hub for entrepreneurship in a series of interviews with founders of several Bend-based food and beverage companies, including Picky Bars, Humm Kombucha, Riff Cold Brewed, Deschutes Brewery and Jem Organics. Brands in this episode: Vital Proteins, Fermenting Fairy, Bibi Beverages, BrainGear, Sol-ti,  Vybes, Picky Bars, Humm Kombucha, Riff Cold Brewed, Deschutes Brewery, Jem Organics
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Mar 26, 2019 • 43min

Ep. 155: How an Artist Became an Entrepreneur and Got Beyoncé on Board

As the saying goes: if life gives you lemons, make lemonade. But what if life gave you 800 million pounds of ugly, but perfectly edible watermelons? If you’re Jody Levy, you make WTRMLN WTR, a brand of cold-pressed watermelon juice beverages. A serial entrepreneur and design expert, Levy has overseen the evolution of WTRMLN WTR from a single product to a platform brand whose products are available at over 25,000 locations nationwide. Leading with a mission of sustainability and natural hydration, WTRMLN WTR has attracted funding from prominent investors from within the beverage industry as well as from a number of celebrities, including NBA star Chris Paul and music icon Beyoncé, who praised the company’s desire to “deliver accessible wellness to the world.” In the following interview, Levy spoke about her background in branding and design and how it fueled the creation of WTRMLN WTR. She also discussed how ignorance can be an asset as a beverage entrepreneur, why it’s important to admit what you’re not good at and what you love to do, and why she describes her career as a “journey of synchronicity.” Show notes: 2:38: Interview: Jody Levy, Co-Founder, WTRMLN WTR -- In an interview recorded at Natural Products Expo West 2019, Levy spoke about the importance of her family nurturing her artistic spirit and the role it continues to play throughout her life. She also discussed the important mentors and influential artists, including the Eames brothers and Buckminster Fuller, who helped shape her perspective in creating WTRMLN WTR. She also explained why “running a beverage company is like getting hit in the face by a 2x4 every day,” why connecting with investors on a personal level led to deals with Rohan Oza and Beyoncé and what battling Lyme disease taught her about work-life balance. Brands in this episode: WTRMLN WTR
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Mar 22, 2019 • 47min

Insider Ep. 26: Feeling The Vybes on CBD & THC, Brands Prepare for The Future of Cannabis

This episode features interviews with two entrepreneurs that are advancing the conversation for cannabis-infused food and beverage brands: Jonathan Eppers, founder and CEO of Vybes, and Kristy Knoblick Palmer,co-founder and COO of Kiva Confections. A tech executive-turned-beverage entrepreneur, Eppers joined us for a discussion about the launch and development of Vybes, a CBD-infused water brand that leads with the tagline “Mind + Body Function.” Eppers discussed why he’s embraced CBD, why “borrowing brand equity” has been key to Vybes’ marketing strategy and what’s in store for 2019. Our interview with Palmer focuses on her budding business of Kiva Confections, a maker of cannabis-infused chocolates, mints and gummies. Launched in 2010, Kiva products are sold at cannabis dispensaries in five states, including its home market of California. In our interview, she spoke about the Kiva’s origins, its branding strategy, how the company differentiates its products and how it drives trial. She also discussed the evolution of the cannabis industry and the mainstreaming of cannabis products, while also offering advice to entrepreneurs looking to break into the space. Show notes: 1:34: WTF is Smoobucha? -- The hosts riffed on a bunch of new products sent to the office over the past week, including Odwalla’s new smoothie and kombucha blend, and how food and beverage brands are attempting to educate consumers about responsible use of cannabis-infused products. 11:14: Interview: Jonathan Eppers, Founder/CEO, Vybes -- In an interview recorded in West Hollywood, BevNET’s Mike Schneider and John Craven spoke with Eppers about his career prior to the launch of Vybes, which included work with eHarmony and Google and the launch of a startup called RadPad. He also discussed Vybes’ branding and marketing strategy, the company’s thoughtful approach to distribution, and offered his take on isolate vs. full spectrum CBD. 27:10: Interview: Kristi Knoblich Palmer, Co-Founder/COO, Kiva Confections -- Palmer sat down with BevNET’s Mike Schneider and Jeff Klineman at Natural Products Expo West 2019 for a conversation about Kiva and its development as one of the leading THC-infused food brands. Palmer spoke about Kiva’s mission to offer consumers a better edible experience, the rapid growth of the cannabis industry, how the company infuses its core values into packaging and why she believes that food will help expand opportunities for THC consumption. She also discussed effect-based marketing, why “budtenders” often guide consumer decisions, and made a prediction about federal legalization of cannabis. Brands in this episode: Vybes, Kiva Confections, Odwalla, WTRMLN WTR, Banzo Bites, Smari, Klackers, Kiito, Lumen
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Mar 19, 2019 • 41min

Ep. 154: How Does a Side Hustle Become a $100M Brand? Ask The CEO of Kodiak Cakes.

Kodiak Cakes CEO Joel Clark will be the first to admit that entrepreneurship isn’t a part-time job. For years, he tried to run the pancake mix brand, which launched in 1995 and is based on a family recipe, as a side-business while pursuing a graduate degree and consulting career. There were struggles, late nights and more than a few headaches, mistakes and missed opportunities. Despite the challenges, Kodiak Cakes earned a loyal consumer following and a steady streak of retail wins. Clark, however, knew that the brand couldn’t tread water forever. For Kodiak Cakes to truly succeed, he’d have to be all in. His commitment helped turn a tiny business selling products to a handful of mom-and-pop shops into the top-selling category brand at Target, one that eclipsed $100 million in sales last year. In an interview included in this episode, Clark spoke about his journey and how perseverance, innovation and swimming in the “Shark Tank” played into the evolution and success of Kodiak Cakes. Show notes: 2:38: Interview: Joel Clark, CEO, Kodiak Cakes --  We sat down with Clark for an interview recorded at Natural Products Expo West 2019, where Kodiak Cakes was launching a new line of protein-infused graham crackers. As part of a wide-ranging conversation, Clark spoke about the origins of Kodiak Cakes and its early years spent bootstrapping. He also discussed how the brand landed its first major retail partner, how he operated Kodiak Cakes and supported himself during lean years and why he was always thinking about a backup plan. He also explained how the company’s first hire eventually became its president, how to empower employees and why innovation means more than developing new products. Later he spoke about how the brand’s flagship offering came to being, the impact of appearing on “Shark Tank” and the decision to partner with a venture capital firm. Brands in this episode: Kodiak Cakes

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