Predicting The Turn W/ Dave Knox
How IQBAR Accidentally Rode The Keto Wave Into Costco with Will Nitze, Founder & CEO of IQBAR
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:27:30
- More information
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Synopsis
Will Nitze started IQBAR in 2018 to solve his own problem: long hours, a bad diet, daily brain fog. He designed the formulas for cognition, low net carb, low sugar, low glycemic. What he didn't know was that the rest of America was about to get obsessed with that exact macro profile for a completely different reason: weight loss. When keto took off, IQBAR was one of only three keto-compliant bars on Amazon. That lucky overlap was the first of several step-change moments that took a 15-person team to over 100% compound annual growth for 8 straight years, and into the shelves of Costco, Sam's Club, Walmart, and Target.In this episode of Predicting The Turn, Will unpacks why startups beat legacy CPG on speed rather than size, why he runs the entire company with a "benevolent dictator in every division" model instead of bloated marketing teams, and how IQBAR raised a little under $10M across 8 years without a single egregious fundraise. He also breaks down the move from D2C to mass retail, why p