Synopsis
BevNETs Taste Radio is the podcast for food and beverage professionals, where we talk trends, interview the leaders and rising stars in the industry and discuss knowledge and topics that we hope entrepreneurs and pros everywhere find useful.Tell us what you think at ask@tasteradio.com. You can also email us if you are interested in Taste Radio sponsorship opportunities. If you like Taste Radio, share it with a colleague, will ya?See you every Tuesday!
Episodes
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Ep. 168: The CEO Behind C4 On The Power of Premium & Keys to Explosive Growth
25/06/2019 Duration: 37minDoss Cunningham was just a few years out of college when he was unexpectedly thrust into the role of CEO at sports nutrition company Nutrabolt in 2007. His primary focus: “don’t screw it up.” Cunningham’s transition was not only successful, he since transformed Nutrabolt from a middling category player into an industry-leading powerhouse. Anchored by best-selling pre-workout brand C4, Nutrabolt is the largest independently owned nutraceutical company in the world, with retail sales exceeding $650 million. In an interview included in this episode, Cunningham spoke about his remarkable rise to the CEO role, and why focusing on premium as the guiding principle of the company’s business strategy was key in the development of Nutrabolt and the genesis of C4. He also discussed the mission and focus of his venture capital firm LivWell Ventures and the lessons he hopes to impart to brand owners within its portfolio. This episode is presented by Flavorman, the beverage architects. Show notes: 2:51: Interview: Doss Cu
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Insider Ep. 39: The Art and Science of Getting Investors to Say 'Yes'
21/06/2019 Duration: 47minIn this episode, we’re joined by Sebastian Dreher, the managing director of Dohler Ventures U.S., the Los Angeles-based venture capital arm of Dohler, a global supplier of natural ingredients for the food and beverage industry. Dohler Ventures is specifically focused on investment in early-stage companies and its portfolio includes stakes in a number of fast-growing consumer brands. As part of our conversation, Dreher discussed Dohler Ventures’ funding philosophy and why he believes that investing in emerging brands is more “art than science.” “There is so much risk involved in every single deal that I need to have the feeling that this company has the potential to… have a $100 million exit,” he said. “It’s a lot of gut feel, [but] you can argue that gut feel is actually a lot of internalized pattern recognition and learnings over time.” Dreher also spoke about how he evaluates scalable innovation, why category dynamics are crucial to Dohler’s investment strategy, and why great founders are also great fundrai
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Ep. 167: Siggi’s Founder On What ‘Planning For Success’ Really Means -- And Why It’s So Important
18/06/2019 Duration: 53minThirteen years ago, Siggi Hilmarsson began selling the first versions of his Icelandic-style yogurt on the streets of Manhattan. At the time, the Siggi’s brand he would eventually create didn’t exist; the products were simply promoted as “really delicious thick yogurt” with “lots of protein,” “low in fat” and “not so much sugar.” While the marketing has since evolved, the company’s core values remain unchanged, according to Hilmarsson; both were key to its development and eventual acquisition by French dairy giant Lactalis for a reported sum of $300 million in January 2018. In a wide-ranging interview included in this episode, Hilmarsson spoke about the evolution of Siggi’s, from his early days slinging street yogurt through to the sale of the brand. He also discussed his current role with the company and why he’s stayed on after the acquisition, the important role basketball plays in his life, why he’s a “maybe, sort-of perfectionist,” and why he urges entrepreneurs to “plan for success.” This episode is pre
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Insider Ep. 38: How To Create a Foundation for Breakout Success
14/06/2019 Duration: 40minThis episode features an interview with Sisun Lee, the co-founder and CEO of More Labs, a next-generation maker of functional beverages best known for hangover relief supplement Morning Recovery. Launched in 2017 via an Indiegogo campaign, the brand was an instant hit; Morning Recovery pulled in $3 million in revenue in its first six months on the market. Early success powered an $8 million Series A round -- based on a $33 million valuation -- in 2018 and new distribution at retailers like 7-Eleven and Urban Outfitters. In an interview with BevNET’s John Craven and Mike Schneider, Lee discussed the factors and strategic decisions that led to Morning Recovery’s rapid development, and how More Labs is attempting to create a platform for functional products. Show notes: 1:16: Live from Live -- On location in New York City, the hosts discussed highlights from day one of BevNET Live Summer 2019 and the preceding NOSH Live conference, including the New Beverage Showdown along with presentations and stage talks with
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Ep. 166: The Founder of Popchips/RightRice Explains Why Success Starts With Passion & Package Design
11/06/2019 Duration: 33minAs the founder of Popchips, Keith Belling helped usher in a new era for healthy snacking. Twelve years after the brand’s launch, he’s attempting to do the same for rice with RightRice, Belling’s second food brand that debuted in February. In an interview included in this episode, Belling explained that RightRice is in many ways the culmination of an entrepreneurial career that’s spanned law, real estate, online publishing and consumer products. At every stage, Belling said, his passion to solve personal, unmet needs drove the launch of new business ventures. “There’s entrepreneurs that… finish one business and flick a switch and they’re onto the new one,” he said. “I’ve definitely never been that way. For me something has to start with a real passion, something that’s important to me and fills a need. That ends up mapping an opportunity in the market, and then it starts to get interesting.” As part of our conversation, discussed the origins of Popchips and RightRice and how lessons learned from building the f
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Insider Ep. 37: The ‘Most Vital Tool’ For Brand-Building… And How To Use It
06/06/2019 Duration: 45minBefore teaRIOT established a multi-channel retail footprint that stretches across the U.S., and before its acceptance into the Chobani Incubator program, and before its recent $3 million Series A funding round, co-founders Laura and Steve Jakobsen were simply focused on building a brand. “What does [teaRIOT] look like?,” Laura asked in an interview included in this episode. “How does it stand out on shelf? What are our consumers saying? How do we need to change it from the inside of the bottle to the outside of the bottle? We just stayed nimble for two years and made changes in our foundation to really tighten everything up.” Throughout the process, teaRIOT, a brand of organic tea-based energy drinks, leaned heavily on social media to better understand its consumers and how they interacted with the brand and its products. “[We] not only use social media to publish outward but also to listen and to interact and engage. We always focus on what consumers are doing with our product. If you look at our [Instagra
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Ep. 165: The Standards That Define Illy's $500 Million Coffee Operation and Why They Matter
04/06/2019 Duration: 39minIt’s the first name in espresso and, not coincidentally, the last name of our interview guest in this week’s episode. Illy has for decades been one of the world’s most enduring coffee companies and is renowned for its singular, signature blend of coffee, commitment to quality standards and ethical responsibility. Led by chairman Andrea Illy, the third-generation leader of the Italian company and one of the global coffee industry’s most influential figures, Illy revenues topped $540 million in 2018. As part of a wide-ranging conversation, Andrea spoke about his approach to running his family’s business and how it has evolved over the years, the three most important attributes for “good coffee,” how consolidation and climate change have impacted the industry and why Illy has long advocated direct trade with coffee farmers. He also explained his perspective that coffee should be treated with the same reverence as wine and why positioning it as an energy drink is “like using a Ferrari to go shopping.” This episod
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Insider Ep. 36: The Sudden Plan to Revolutionize a $40 Billion Category
31/05/2019 Duration: 37minIn this week’s episode of Taste Radio Insider, we’re joined by Josh Zloof, the co-founder and CEO of Sudden Coffee, an innovative brand of specialty instant coffee. Founded in 2015, Sudden is attempting to revolutionize the $40 billion market for instant coffee by emphasizing its proprietary production process and by focusing on “scalable hospitality.” As part of our conversation, Zloof spoke about Sudden’s mission of using an instant product to democratize access to speciality coffee and why it was designed to be “Grandma proof.” He also explained how the company has zeroed in on Gen X as its key consumer demographic, discussed the challenges of managing both manufacturing -- Sudden operates its own production facility -- and marketing as a small company, and why he believes that the product attributes of Sudden are more important that the brand itself. Show notes: 1:42: A Few Sips of “Mud Water,” Canned Wine and Candy Milk — You know it’s a special episode of Taste Radio Insider when the host gulp Snickers-
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Ep. 164: Vita Coco’s Mike Kirban Is Quietly Building a Better-for-You Empire
28/05/2019 Duration: 50minMike Kirban is unquestionably one of the most successful beverage entrepreneurs of all time, but if our interview with him offers any indication, his legacy is far from complete. Since co-founding Vita Coco in 2004, Kirban has guided the brand to domination in the coconut water space. Distributed over four continents, Vita Coco holds a 26 percent share of the global market for coconut water, which is estimated to be worth $2.5 billion, according to market research firm Euromonitor. Success has attracted many suitors over the years -- PepsiCo was reportedly in talks to acquire the brand in 2017 -- yet Vita Coco has remained independent, a key component of Kirban’s plan to build upon the company’s foundation and develop a beverage platform focused on better-for-you brands. “My goal over the next couple of years is to have four or five totally unique brands in-house under (Vita Coco parent company) All Market Inc. that play in different sub-segments of this healthier, functional drinks market,” Kirban said. “Co
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Insider Ep. 35: What Happened To Kumbaya In Kombucha? And Is Fat Truly Back?
24/05/2019 Duration: 40minIn the latest installment of Taste Radio Insider, the hosts discussed the fallout from a controversial profile of GT’s Kombucha creator GT Dave in Forbes magazine. Dave’s comments about competing brands ignited a debate on LinkedIn about production standards and the impact of strategic investment in the kombucha category. Later in the show, we feature an interview with entrepreneur Suzie Yorke, the founder and CEO of Love Good Fats, a fast-growing brand of keto-friendly snack bars and shakes. Leading with a message of “fat is back, sugar is out,” Love Good Fats launched in Canada in 2017 and has emerged as one of the leading brands in the keto space. As part of our conversation, Yorke discussed the company’s fast start and how Love Good Fats is attempting to become the “beacon brand” for healthy fats. Show notes: 1:31: Hipster Taste Test — The episode begins with a discussion about an odd Vita Coco tweet and why it became one of the brand’s most popular social media posts ever. Later, the hosts offered their
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Ep. 163: Oatly Failed and Probably Will Again. But That’s Okay. Here’s Why.
21/05/2019 Duration: 43minJust as the brand was shifting into high gear, the engine driving one of the hottest brands in food and beverage had basically stalled. Oatly, a Swedish-based brand of oat milk and oat milk-based products, has been available in Europe for over 25 years and entered the American market in 2016. The U.S. launch was timed to meet surging interest in plant-based dairy alternatives, but while Oatly anticipated a strong start, the overwhelming demand for product was more than the company could handle. Just months after its debut, Oatly was faced with severe out-of-stock issues and enraged customers as it sought short and long-term solutions to its supply chain challenges. Although Oatly has gotten back on track and is the leading brand in a thriving oat milk category, Mike Messersmith, the general manager of Oatly’s U.S. operations, was candid about the company’s early mistakes -- and the likelihood that more will follow. “We’ve already failed in the biggest ways possible; we’ll do it again,” he said in an interview
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Insider Ep. 34: Why Small Businesses ‘Have An Obligation To Push The Envelope‘
17/05/2019 Duration: 46minIn this episode, we sit down with Darren Marshall and Ravi Kroesen, the CEO and Head Teamaker, respectively, of specialty tea company Smith Teamaker for a discussion exploring how a small company can influence an entire industry. Portland, Ore.-based Smith Teamaker was founded in 2009 by Steven Smith, a legendary figure in the tea world best known as the creator of Tazo. The company is renowned for its expertise in blending and commitment to high quality sourcing, as well as its contribution in defining world standards for the tea industry. In our interview, Marshall and Kroesen discussed how Smith Teamaker has continued to grow based on the principles of “craft, creativity and origin” laid down by its founder, who died in 2015. They also explore how the company has continued to drive innovation despite its relatively small size. “As a small business, we have not only an opportunity but an obligation to push the envelope and to create things that others might not have the ability to do,” Marshall said. As p
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Ep. 162: How This Boozy Booch Got Ahead of a Hot Trend
14/05/2019 Duration: 33minBetter-for-you booze? It may sound like an oxymoron, but a growing cohort of healthier alcoholic beverages have been finding a receptive audience in recent years. Often promoted as low-calorie, low-carb, or infused functional benefits, these products are resonating with a growing number of consumers focused on health and wellness. That’s certainly the case for Boochcraft, a three-year-old hard kombucha brand that has been making waves in its home market of Southern California. In an interview included in this episode, Boochcraft co-founder and CMO Adam Hiner said that while the company originally believed that its consumers would be traditional kombucha drinkers, “we were blown away by the diversity of [people] that we’ve attracted, some of which have never had kombucha.” “It’s broadened our scope of the way we can talk about the product and the way we can market it.” he said. As part of our conversation, Hiner discussed the origins of the brand and shared his perspective on the trend of healthier drinking.
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Insider Ep. 33: Whether It’s Food or Apparel, Patagonia Starts With a Problem
10/05/2019 Duration: 26minGetting into the food business was a “no-brainer” for Patagonia. That’s according to Birgit Cameron, the managing director of Patagonia Provisions, the food and beverage arm of the environmentally-focused apparel company. Launched in 2013, the brand markets a variety of responsibly sourced products, including bison jerky, tinned mussels, seeds and even beer. In an interview included in this episode, Cameron explained that “if you think of Patagonia as this overarching environmental company that’s been dealing with agriculture for many, many years... food was such a natural progression for us.” “Because agriculture as it relates to food is one of the biggest contributors to climate change,” she said. “It felt like a natural segue to say, ‘we know what we know on the apparel side, what are the other things we can do to really shift the supply chain, shift the thinking around climate issues and agriculture?’” Listen to our full interview with Cameron, who spoke about the origins and development of the brand, opp
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Ep. 161: The Decisions That Almost Derailed Mamma Chia's Mission
07/05/2019 Duration: 45minAs Mamma Chia was sprinting to runaway success, an error in judgment nearly caused its demise. Up until that point, the company’s star was on a steady rise. Within a year of its market debut in 2010, its innovative chia-based beverages were distributed in thousands of stores, including nationally at Whole Foods. A few months later, founder Janie Hoffman was highlighted in a widely-read New York Times article about growing consumer demand for chia. Mamma Chia has since evolved into a platform brand that also markets snacks and other foods and is one of the leading brands in the chia space. But when the addition of several new hires threatened to upend the company itself, Hoffman who joined us for an interview included in this episode, was forced to reassess her approach while steering the brand through a potential crisis. “We had gotten to a place where I thought we needed to get to that next step, and I valued experience over cultural fit and [the hires] were absolutely disastrous,” Hoffman said. “They really
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Insider Ep. 32: The ‘First’ Name in Investment Opens Up Its Playbook
03/05/2019 Duration: 30minWhen assessing funding opportunities for early- and mid-stage companies, First Beverage Group, an investment and advisory firm that works with and invests in brands across the beverage spectrum, has a category-first mindset. First Beverage believes that “the tail winds of a strong category -- no what that dynamic might be -- can always help a business as it’s starting to get off the ground early,” according to vice president Joe Angiuli, who, along with managing partner Jack Belsito and managing director Bob Nakasone, joined us for an interview included in this episode. That approach has guided the firm as it has made investments in fast-growing brands, including Essentia, Health-Ade Kombucha and Q Drinks. As part of our conversation, the trio spoke about the about the First Beverage’s portfolio and investment philosophy and how they evaluate synergies with entrepreneurial brands. They also discussed the current funding environment for the food and beverage industry, which categories might be best suited to w
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Ep. 160: From Turmoil to $200 Million in Sales. How Pete and Gerry’s Turned it Around.
30/04/2019 Duration: 43minNearly 20 years ago Jesse Laflamme came home from college to find his family’s egg brand, Pete and Gerry’s, on the precipice. Consolidation in the egg and retail grocery industries left the company in turmoil and on the verge of bankruptcy. Despite the urging of his parents to consider another career, Laflamme, now the CEO of Pete and Gerry’s, was committed to the brand and solving its problems. Over the past two decades, Laflamme has led a turnaround that’s seen the company grow from a struggling business into one of the country’s leading egg brands, pulling in over $200 million in sales in 2018. In an interview included in this episode, Laflamme spoke about how Pete and Gerry's not only got back on its feet, but excelled beyond anyone’s expectations. Show notes: 2:44: Interview: Jesse Laflamme, CEO, Pete and Gerry's -- Laflamme traveled from New Hampshire to BevNET HQ for an interview that explored the highs and lows of his 20-year career at Pete and Gerry’s, his family’s egg farming business. Laflamme disc
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Insider Ep. 31: Who Really Owns Your Brand? Hint: It’s Not You.
26/04/2019 Duration: 43minYou might have put time, money, blood, sweat and tears into building your brand, but at the end of the day it doesn’t belong to you. That’s the perspective of Christian Krogstad and Thomas Mooney, the co-founders of Westward Whiskey, which helped establish the rapidly growing American single-malt whiskey category. As part of a wide-ranging conversation included in this episode, Krogstad and Mooney explained that consumers, via their palates and wallets, are Westward’s true owners. “We share a belief that it’s Westward, not either of us, that should be famous,” Mooney said. “And that we want our whiskey to do the talking. Ultimately, brands belong to the people who enjoy them, not to the people who make the products.” Originally founded as House Spirits Distillery in 2004, Westward was one of several brands in a broad portfolio that included Aviation Gin -- since acquired by actor Ryan Reynolds -- and others. Following an investment from Distill Ventures, the venture capital arm of beer and spirits conglomera
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Ep. 159: How SoBe Co-Founder John Bello Spun ‘Sugar Water’ Into Gold
23/04/2019 Duration: 38minIt’s remarkable to hear John Bello’s current take on SoBe, the lifestyle beverage brand that he co-founded and sold to PepsiCo for nearly $400 million. Already an accomplished marketing executive when he launched the brand in 1996, Bello helped shape SoBe’s healthy halo and exotic vibe by infusing its drinks with trendy functional ingredients like ginseng and ginkgo biloba. However, he admits that SoBe was essentially “sugar water” packaged and designed to give consumers what they believed to be a healthier option. “There was a user base that liked the fact that there was ginseng, ginkgo and guarana in it,” he said. “And almost every week on every lifestyle show they would be talking about something new that could make you stronger, smarter, skinnier and sexier, and that’s what we promoted. The reality was, we were sugar water. We had a user base that really felt that what they were drinking was better than the alternatives.” Bello’s admission is part of an intriguing conversation included in this episode. In
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Insider Ep. 30: The Goal Is To Become a Billion-Dollar Brand
19/04/2019 Duration: 32minAugust 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.