My First Million - I built a $2,000,000,000 business on vibes
Episode Date: August 24, 2026Sam's database on how long it takes to become a millionaire: https://clickhubspot.com/elkv Episode 855: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Alliso...n Ellsworth, the founder of Poppi. — Links: • Poppi - https://drinkpoppi.com/ • Josie Rushing - https://josiesrushing.com/ • Orion - https://orionsleep.com/ • Nello - https://drinknello.com/ • Preston Lane - https://www.onprestonlane.com/ • Blue Land - https://www.blueland.com/ — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/ Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Transcript
Discussion (0)
First time we did a Super Bowl, let me lay this down for you.
We bought the Super Bowl five days before the Super Bowl.
Literally.
I feel like I can rule the world.
I know I could be what I want to.
Sam, you want to do like an intro real quick?
Yeah, so you and your husband are one of the fathers of Poppy, which sold for $2 billion.
And I would have to say you probably win the award for brand glow up.
Because one of my favorite things to watch is this old Shark Tank video.
of you guys. So good. And the way that it started and where you are now, that gap is huge.
Yeah, what was it called? Or is it mothers or something? Oh, so embarrassing. You had to say it out
loud. Mother beverage. And yes, I think it was a globe of this century, the best of all time.
What was the story? It was just one of those beautiful entrepreneurial American dream stories
where you start in your kitchen because of a personal problem. I had like tummy problems with drinking
an apple, cider, vinegar, you know, hated the taste. And I was like, I have an idea. I can make
this taste better. Little did I know how intense beverage is. Looking back, I don't think if I knew
what I knew now, I would have done it. And it's not knowing it's just such a beautiful thing.
But you basically, like, we're selling something at a farmer's market that was kind of curing your
own problem. And I think you did that for more than a couple years. And then you hooked up with
the guy who kind of like was like, hey, this is amazing. But why don't we tinker with?
the packaging a little bit. And then you raised a little bit of money. And it was like off for the
races. It was like zero to like 20 million to like 60 million to like 120 or something like crazy
like that. Was that? Even crazier. I have to kind of ground you just to like in timeline. So we did
do like two years. Farmers market. And they went on to Shark Tank, got a deal on Shark Tank and
went through a whole rebrand. And then we decided to launch Poppy March 3rd, 2020, the first week of
COVID. And it was like the first time everyone's
thinking about their health and wellness.
It's the first time people are looking at labels and wanting to understand what they're
putting into your body and how can I boost my immune system and all of these things of the
conversation.
And so that first year remark, I think we did about $3 million in revenue.
And then the next year is $2.50.
And then the big jump was from $50 to $200 million and then $500 plus to then be sold.
So it's like four and a half years to almost $550 million, which is crazy growth.
Did you ever feel an imposter syndrome doing that?
Because like, you know, whenever I have a little bit of success, I'm like, oh, man, is this real?
Does this, this is wild.
But our success was a lot slower than yours.
We were just going so quick.
It was hard to even sit back and even realize or fathom what was happening because it was so not normal.
Like people don't understand like what we had and what growth we had is not normal.
It was truly lightning in a bottle.
And so I don't know if there's imposter.
syndrome because like I'm very confident we were confident in what we were building but it wasn't a
guarantee right and so it's this thing of like do I celebrate well it's too soon to celebrate so when we
finally sold it definitely was like wait what just happened that was four and a half years five years of
this crazy growth and I don't think I ever stopped and smelled the roses did you you know when when
there's like a movie and they always have like act one of the movie is the main character and they're just
sort of stumbling and fumbling and they're struggling and then they finally start to figure something
out. Act two is always the montage where things start happening sort of fast and furious and that's
kind of the growth phase that you're describing. But they usually, you know, they sort of figure
one or two things out, right? One or two things start to really work and then they lean in and
double down into those. And it's like the things that makes all the other dominoes fall. So for you guys,
you're saying timing was obviously beneficial. But what were you guys doing as entrepreneurs or
founders. So what were the key dominoes that started to fall? Yes. We were one of the first
founder-led brands to really lean into TikTok. And back then, it was the Wild Wild West. And you
were doing dances, you were doing recipe videos. You're just like literally doing all these
like fun transition videos. Just like almost making a fool of yourself to try to go viral because
I had this like personal obsession with TikTok. And it's funny. And you guys have had Rohan on.
And I remember him being like, Allison, and that's for like young kids and dancers.
And don't, don't try.
He wasn't like against it by any means.
Like, no one really got that platform.
And so I was like, okay, I'll spend my nights and weekends.
And I'll play around on it until we finally went viral.
And we had a lot of success on the platform.
And I think it was a really big key driver and why we grew so fast.
Because typically if you're a better for you brand, you blow up in L.A., New York, Miami,
these like major hubs.
And then you kind of grow.
inwardly, but when you grow up with a digital first mindset within the business from core day one,
we had people, like, I think at one point, one of our top targets was like Fargo, North Dakota.
And all of these like Cincinnati, Ohio, Houston, Texas.
And so when you're a true digital first brand, you can really break through and go to more places quicker.
It's like a modern field day marketing type tactic, right?
Do you want to stand in a Whole Foods and giveaway 30 samples or do you want to, uh,
do something and educate and put paid behind it and push your ads out organically to the
FYP page and get 300,000 people to see it. And so I think that was a really big thing that
really just made us different than other brands. Now everyone's doing it, right? It's part of
everyone's marketing mix. But I think another really big one is we were brand first. So our number
one KPI was brand awareness. How do we truly build a long lasting generational brand with every
ounce of every decision that we did, down to if we were like, what should be our variety pack at Costco?
And the data was saying, you know, it should be root beer, this, cream, soda, and cola.
And I'd be like, well, those colors don't look good together.
And our buyers would be like, wait, what?
And I'm like, no, no, no, it has to be vibrant on the shelf.
It has to jump.
And people have to write every decision that we had was brand first, digital first.
And it's easier said than done.
I say this like it's common sense, but a lot of people still don't do these things.
You sort of have this energy that I've seen with a lot of my very successful friends, particularly the women, where they basically are like a bolded china shop, which both men and women are.
But you've like wrapped it in a much more like appealing package where like a lot of my friends who are bold in the China shops, they like, I look at them. I'm like, you're a kind of a wreck. But like you're probably going to figure it out. But when I watch your stuff on Instagram, you're very relatable, even though that.
even though you're crazy successful, and yet you still have this, like, attribute where it's like,
A is here, B is here, the straight line, and just go and run as fast as you can.
Yeah, well, I think it's confidence.
So people ask me the time, like, Alison, how are you so confident?
I'm confident because I failed and made a total fool of myself for so many years to kind of figure out what works and how to be confident.
Like, for example, everyone sees this $1.95 billion exit, but they don't see or remember me standing at a far.
farmer's market at a folding table saying, you want to try this apple, cider, vinegar drink.
Like, that's so embarrassing. And so it's this ability of, like, I have lived the American dream.
I was raised by a single mother. Kids myself, like, end of the day, even post-exit, I still have
soccer practice tonight. I have to go to. And we're in Texas, and it's 100-degree weather.
Like, I'm just living life. And I think within it, it was relatable with people online because
they saw themselves in me. And then that confidence piece is like, I wasn't always that confident.
But I think that I've just allowed myself to share so openly and authentically the entire journey.
And so people have kind of seen the journey of me becoming confident as well.
How'd you get on Shark Tank? What was the story?
I think the best way to become successful is to see how other people did it, whether you're going to copy them or just use it as inspiration.
Because then now you know what's possible. So starting at the age of 24, I did this relentlessly.
and I was very methodical about it.
And I created a spreadsheet
where I tracked roughly 50 people
who were Uber successful.
And I looked at the year that they were born,
the year that they started their apprenticeship,
and then the year that they started,
the first thing that made them successful,
finally the year that they broke through.
And I aggregated all this data
along with the stories of what they did
to be an apprentice
and what they did to finally break through,
and I put it together in a database.
And HubSpot went and found this thing
that I frankly even forgot about,
but it did change my life.
resurfaced it. They made it even better and they put it into a thing that you can download for free right now.
So if you click the link in the description or click the QR code right here, you can see this
database that I made when I was 24 and it changed my life. And so if you're looking to become successful
or you're already successful and just want some more inspiration, check it out.
Chartank. We love Chartank. It's just such a beautiful, literally, because I've also been on the show,
but I've also been a judge on it and seen both sides of the show. And day after,
want people to get deals. They want people to be successful and they have such good intention.
And so the whole process of it is if you have a good idea and you actually have some kind
of proof of concept, you will probably have quite a bit of success on the show. And so for us,
it was one of those things that like we'd been doing it for a bit, a mother beverage at the time.
We'd done about 500,000 revenue. And it was that point of like, if we don't get investment,
we can't sustain this, right? We were working 80 hours a week. We were. We were working 80 hours a week.
We had a kid, a kid on the way.
Stephen was working a second job just to pay our mortgage.
And you can only be in that rat race for so long.
And so Shark Tank was just this beautiful opportunity.
So we stood in line, poured our hearts out, and, you know, the producers fell in love with us.
And then going on, we were so blessed to have gotten a deal with someone that's so good in beverage, right?
Like, the things that have happened to us over the years, these doors that have opened, it's just kind of crazy.
So we got to deal with Brohonoza.
He had a great history in beverage.
And so working with him and building it, but Shark Tank, you know, I don't think any other Shark
would have given this a deal.
What was the, you know, Sean's in the e-commerce space.
We've had a bunch of people in e-commerce.
I've not been in it personally, but I've been able to, like, live voyeuristically
through these folks.
And what it seems is, like, the faster you grow, the more cash flow sucks in terms of,
and inventory management.
And there's, like, a lot of, like, issues where, like, the top line numbers,
amazing, but some of the other stuff is kind of breaking. Were you cash flow positive the entire
time? And what was that like? I don't think we were profitable until like right the year before
we sold, but it was intentional. I think we could have starved the business and really focused on
conversion and how do we really be profitable. But if you're brainbuilding, it's expensive. It's expensive
to do a beverage. So every step of the way with the board, the senior leadership, the founders,
were intentionally reinvesting back in the brand and raising the entire time, right?
Was it 40 total?
I think it was closer to like in the 70s.
And you spent all of it?
Yeah, absolutely.
We bought multiple Super Bowl ads.
We're running TV.
We are marketing with creators.
We are doing pop-ups with 50 cents, right?
All of these big brain building activities are so different.
We are in a traditional D to C company.
We're actually not D to C company.
We were 100% on Amazon from day one, which was a decision we made.
we made as a board to do that, and it was such a good decision, but you don't make a lot of money
on Amazon as a beverage. And so we saw it as a great marketing tactic for awareness because it's in
so many households across America. So all of these decisions were intentional, and I think people
don't get, if you want to be successful, you have to put your money where your mouth is.
You mentioned Rohan. He came on the pot. I was kind of blown away. I think that guy's awesome.
I've heard about him from a few other people that he's invested with.
And I think he's kind of a bit of a savant with marketing or beverage.
I don't know the way to describe it.
But this is just me from the outside.
I'm curious from the inside.
What was something very useful or insightful that he did or taught you guys about
or helped guide you guys towards?
You know, I think it's in different stages of the business.
In the early days, it was the money and the connections.
Right.
I think that if you are taking on capital or any kind of investment, you can't get that network
that's actually meaningful network.
It's pointless.
Because now you have all this money and you spend it and you don't have, what am I doing here?
So he helped us get our first like five hires within his network that were incredible and with us to help the exit.
Right.
That was a huge impact on the business.
On top of it, he has this woman Stevie he's worked with for 15 years and he might have mentioned her on the podcast, but she is just,
brilliant and brand positioning and messaging and she's the one that did all the rebrand with us
from mother to poppy. So being able to bring that to life really early on allowed us to then
focus on the brand. So what I mean is when we're in mother, we were so focused on putting caps
on bottles. I couldn't even have thought about what the marketing strategy was. But when we got a
deal on Shark Tank, we took nine months off. We went through, we did a rebrand and we asked ourselves,
who is this product for? Who is our consumer? We stepped back, what are we doing here? Then we went out and
started selling so then when we were selling, we knew who we were. A lot of brands don't do that work.
They're just constantly concerned with how do I get the next sale, how do I get the next account,
not why am I here? Why am I doing this? What is my can? Like, you're not, they're not asking these
questions. And so I think we allowed ourselves to up time with this. And then I think as the stage of the
business grew. Rohan then started really trusting the team. We brought in incredible senior leadership.
So it moved over to like more of a board like role. He was always heavily involved throughout
great in the brainstorming conversations of all. But as the business grew, we hired him really smart people,
people smarter than me to come in and like really advise. Hey, what's the economics of a Super Bowl commercial?
You guys did, did you guys do two or one? We've done a few to. What people don't realize about a Super Bowl commercial is sure,
there's the media buy, but then there's the production by, and then there's the sustaining after
the Super Bowl. It depends on if you do a 30 or 60, they're anywhere from $6 to $11 million.
It's a standard price for everybody. But what is the cost if you're going to hire you
do it, a director, a film crew, and then how do you sustain that after? So you hit people at the
Super Bowl with a Super Bowl ad, you got to hit them about seven more times with more linear ads,
right? And so that you have to also invest in. So I think you also have to have to have to have
distribution. It's pointless to do it if you're in five stores. At the time that we did our first
Super Bowl ad, we were finally in almost every grocery store in the nation. We were really focused on
our awareness goals and how do we, you know, up the awareness while Super Bowl. I remember we did it.
And the day after we tripled our awareness overnight. And no one had really seen us as a soda.
They were like, oh, there's sparkling water or better for you this. After the Super Bowl, we said we were
soda 17 times in that Super Bowl ad. Afterwards, everyone calls us as a soda. So there was a lot of
intentional motion behind why we did that, and it was breakthrough for us. Well, do you remember
the all-in costs? And then was there, like, analytics live and, like looking at your website
traffic? What was that like? First time we did Super Bowl, let me lay this down for you. We
bought the Super Bowl five days before the Super Bowl. Literally. That must have been stressful. So that's
not normal. Most people buy it a year ahead of time. And so what happened is we've done a bunch of
brain work. We put together a creative campaign on how we're the future of the soda, or future of
soda is now called Poppy. And we brought this creative to life and we saw it and it was just going to be
an evergreen brain campaign that we're going to run across all of our linear media
channels and streaming. And we saw this piece of content. It was very anthemic. It was beautiful.
just like told the story of soda and evolution of it.
And we're like, wait, this is a Super Bowl ad.
We would go buy one.
You can't just like buy Super Bowl ad right before.
But is what big companies do is they'll buy a bunch of Super Bowl ads, say like for a bunch
of their brands and sometimes they end up not using them at the end.
And they'll go on the market for like secondary buy on the Rimnet market.
And we found one.
I was like at a dinner with someone at a TikTok event.
And they're like, I think one of my friends has one.
I was like, oh my gosh, can I get him on with our CMO?
And our CMO at the time, Andy Judd went back with him back and forth and we bought it.
And we're like, okay, now how do we activate?
Because we can't activate in store.
So it's really hard to talk about the all in cost because typically there's store activation,
there's creator activation, there's, you know, the media of it all.
There's website, there's production.
We didn't get to do any of that, honestly, with our first Super Bowl.
And then the second time around, we did it with Charlie X, X, X, X, and it was one of these moments where we wanted.
wanted to just have like a fun time with it. So it was like all about the vibes within it.
It wasn't this like, it was just like vibes.
Early she said that was like the tagline. There was this like poppy vibes. And so we're just
different. Like we're not super concerned with all of those like little aspects that you're
asking. And I honestly don't even know the full number. I'm sure if I asked our CMO, he would.
Sean, how does that make you feel? Because a bunch of our friends who are in e-commerce and
probably many of the ones that are like significantly less successful than the greats are so like
cat driven and so metrics driven.
And she's sort of saying the exact opposite.
Well, look, that's why we do the podcast is because there's a thousand different ways to win.
And so we like to invite people on to understand how did you win?
What did you do?
How does your brain work?
That's part of the beauty of it.
But also, they're not in e-commerce.
They're CPG.
They're in retail.
And so like I was just looking at the Super Bowl ad.
the first one you were talking about
and it starts with like,
you're a human on earth
and in all of human,
human existence,
but things have been done a certain way
and soda's been done a certain way.
This is Poppy.
Poppy looks like soda.
It tastes like soda,
but,
and then it has the differentiator at the end of it.
And so, like,
I kind of dig that,
like the,
I think positioning is super underrated.
I don't think most founders
know how to do positioning at all.
I think they jump straight into
trying to go sell, sell,
but they haven't done the upfront work
of figuring out,
out, well, how is this going to live in someone's mind?
And why would anybody want to buy this?
Because they don't care about you.
And you have to sort of fit into their worldview in some unique way to break through,
to make all the selling more effective.
And so what I really like is like the name, the brand, the packaging, the positioning.
You know, you guys kind of did a master class on that.
And I think that's a pretty underrated founder skill.
I don't think many people do that well.
Do you think people do that well or do you think people screw that up?
Like when you walk through the stores, are you just like, oh, God, that's wrong, wrong,
wrong, long? Most people do it wrong. Unfortunately, I teach like master classes and I go all over and I
speak on brand and how you can break through on TikTok and all of these things that are inherently
so first experience for me, just like second nature. And it's blowing their minds. And then they'll
go in and their mind is blown and they're still not doing it. And I just like actually don't get it.
So when it comes to brand positioning, it is so core to what we've always done that it's,
It's actually always an ever-breathing document.
So we knew we were revolutionizing soda for the next generation.
We knew we were giving everyone the freedom to love soda at its best without all the baggage.
Cool, North Star.
That is never going to change.
But what does change is how culture changes.
But can I pause you real quick?
Because you're saying we knew we were going to revolutionize soda.
But the Shark Tank thing is a really interesting thing because you were on there with a brand that was not that great,
packaging that was not that great, not talking about soda.
something happened in that nine months after the shark thing deal where you guys had some sort of like,
you know, rebirth and some conversation in a meeting room somewhere where somebody asked
them good questions and somebody had some good answers. So can you describe what was happening
in those meetings or like, what was the useful either question or exercise or consultant or whatever
you did that helped you kind of get that level of clarity? You know, and I think it's this ever
brazing document. So when we first launched, it was apple cider vinegar.
prebiotics, like super simple gut health. We knew we were going after soda. No, it goes back to
nobody believed does. We didn't even know, but hey, we're going to try this. This is a huge category.
And kombucha was on the declines. Forklum water wasn't giving everyone that full flavor,
like soda filling that they wanted. So we knew all of those things are the facts that we know.
And what we knew is once we launched, people were starting to have this use occasion where
they were drinking poppy in the same occasion as soda.
And so we got more data points along the way.
So I sit here, I joke with like we're brand forward.
We were actually incredibly, you know, sophisticated in our platforms and our processes as well,
which made us, I think, such a strong company.
But I do think then we learned, oh, wait, this occasion.
Okay.
So on the front of our packaging, our tagline used to be, be got happy, be got healthy.
We're like, wait, people don't really care about that that much.
We changed it to sodas back there than ever.
We were constantly tweaking and changing as the consumer was changing in the use occasion
of what people were saying about us online, what we were listening to our consumers.
And that's what I mean within building a good brand.
It's focusing on what you know, what's your North Star, but then you can change.
You can change.
And it's really hard for entrepreneurs to change, by the way.
Hey, let's take a quick break.
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What I've noticed is that, like, have you read Peter Thiel's zero to one?
Okay, so he like has this whole chapter or chapter.
on like moats and he's like one mode is i forget what he says network effects this or that and then
he gets to the last chapter and he's like there is one more moat it's called brand i know it's important
and i also know i don't know much about it so i'm not going to write about it but if you can figure
it out you're going to be amazing and it's like it's like kind of funny because it's like kind
of a stereotypical silicon valley thing where it's like tech and product is number one and like
all the other stuff like brand is number two and sean has talked shon loves comedians and like the
creative process. And we talk about this idea of being sensitive and how you have to be sensitive
in order to find, like, good stories. You got to see, like, you have to be sensitive when you
see what resonates. And something that I've learned about branding. And I'm not good at it. I'm
trying to learn is that you do have to be very sensitive. And so, like, you're talking about
these things, I've noticed, and you're making, like, very small observations. Or they feel small.
Like, you're talking to, like, maybe, let's say, 50 people over the course of a day at a farmer's
market or whatever. And you're noticing, like, actually, people care about X, Y, and Z.
and those small changes appear to have, in some, created this massive outcome along with a bunch of other stuff.
And I think that's what's interesting.
Is there like an 80-20 rule where it's like if you focus on these handful of things, it will make a meaningful difference?
I think it goes back to it.
I've said this before, but it's this ability or this thing around embarrassment.
I think embarrassment is the most under-explored emotion when it comes to being successful in life.
I think a lot of people say to themselves like, oh, I want to go picture.
the idea on a meeting, but what if I sound stupid? Or I want to start a business, but what if no one
cares? I would to make a TikTok, but maybe I'll look ridiculous and like people will think
rid of me. But I think with it to your point of like all of these little moments, I hear like,
what if I am successful? What if I am viral? What, what, what can I learn about my product? And then
how, okay, you hate it. Tell me why you hate it. Okay, well, so like, for example, we had a
flavor root beer that we launched. And packaging we'd never really love because we were a really
bright company across like basically the rainbow effect of like all these colors. And we had root beer
and it was brown. And I was like, ugh, but such a core soda flavor. And so I was like, okay,
we got to figure out how to do this. And our consumers telling us it tasted horrible. And we were
like, maybe we should listen to them. And we changed the packaging. We changed the entire flavor.
And then we put out online all the bad comments and like confronted it and we're like, hey, you guys made us do this because we listened.
And I think a lot of people just aren't willing to do that or like put the bills out there or acknowledge when they were wrong.
And it's hard because entrepreneurs like we have egos.
Like you don't want to do those things.
Was there any book or resource that you read that change your perspective when it came to branding?
No.
So fun fact.
help me. I'm like severely dyslexic. You could not like pay me to read a book. I'll listen to a book. I'll
listen to a podcast. I'm obsessed with doing that. But I think it's so funny. I think there's this like theory that you have to like read all these like self-health books and you have to like be on this train of like meditation. All the things. Like I think all that is bullshit. Like that's not how I live my life. I like wake up, you know, as my child's like hitting me in the head asking for his iPad code and me being like you, I took iPads away. You know. And I'm like trying to.
get coffee, my kids out the door. Like, I don't have time for that stuff because what I do know is I
listen to culture. And I was saying, we moved at the speed of culture. What is culturally
relevant in society? From social speak to, not only social speak, but like what are people talking
about meme culture to tent poles within society that are culture relevant. So you look at the
calendar, Coachella's a tent pole, Grammys, how do you break through Hamptons as a hot spot, right?
the people that are at during the summer.
So for me, it was like with brand,
it's so tied to culture,
and that was my obsession.
And my team's obsession,
we hire people really young.
We love to hire Gen Z,
smart people that are living the moment within culture,
and we trust them,
which is also hard for, I think,
some people to do.
You sent us a list of ideas,
because one thing we like to do
is we like to brainstorm with other founders
and how lucky are we that we get to sit
with somebody who's built a multi-billion dollar CPG brand and be like, hey, what else is interesting?
Maybe you know, you guys are doing a new thing now, but something you won't do, something you
don't plan to do, but you think, hey, there's an opportunity there because once you start to win,
you see all kinds of opportunities in adjacent spaces that you're never going to have the time
or energy to go do, what's on your mind?
What do you see as opportunities, white spaces, things that you think, you know, somebody like you
could go, you know, the younger version of you could go and attack?
You know, I always love this type of question of like, what could you do or what do you want to do next?
Or like, what's the hottest thing? The beauty of Poppy is we figured it out before everybody else.
So, for example, protein is so hot right now. Everyone's trying to figure out how to put protein in from ice cream to drinks to, you know, you see what David is doing with the protein bar and all of this.
And it is really hot. But for me, I'm like, okay, cool, I think it's hot. I'm not going to now go create it.
someone is already first to market on that.
And usually winners are the first to second to market.
It's really hard for like even a third to market to be successful unless you do it different.
So you take like the AG1 craze, the green craze, right?
I don't know if you guys remember.
Maybe it was like six years ago we were getting hit with like 300 AG1 ads.
You know what I'm talking about?
Yeah.
Podcasting was just one long continuous AG1 ad for a while.
Yeah, it started with me on D's and then it went to Athletic Greens.
Athletic, yeah, and you're just like, oh my gosh, it's everywhere.
But I actually feel like they failed to innovate, you know, then Gruen's comes along and does it in a gummies and they exit.
AG is still not exited.
So I'm not here to say you can't be late to the game and still win.
It's just way harder.
And you almost have to do it better, smarter, and different if you want to be successful.
So for me, I think protein's hot.
Good luck breaking through the market.
It's very crowded right now.
I think everyone is also trying to figure out the creative.
creatine craze, the gum, do you put in a powder or two and going? How do we get women on it?
Right? Everyone's talking about these things, but it's almost like you need to have been the first
creatine gummy. So I'm not here to say, like, I don't even know what's next other than I am
starting another company and I can't tell you guys what it is. And I do think it's what's next.
So it's hard for me to like speak to it.
Well, maybe a different question on that. Okay, we can keep it a mystery. But tell us your mindset
on it. So are you like, I want to run it back? I know so much. I'm going to go kind of same
same genre of business or, you know, sometimes people are like, oh my God, so much scar tissue
from that. Now I want to go do real estate. I want to go do something so different over here.
How are you just thinking about it? Because I think every entrepreneur on their second act,
their third act, they get to decide. So what's crazy is, obviously, we exited the company.
And then Pepsi gave everybody jobs that were popping employees, but you don't sell your company.
And then they're like, hey, here's your employee badge. So me and Steven stayed on as advisors.
But as a Navar, you have to take a step back from the day to day of the business.
And I still like adore Poppy.
And I'm just so happy for everything that's happening there.
But I have a lot more time on my hands.
And I'm just really intense.
I'm really hyper.
I love chaos.
And we went like six months.
I play golf.
And like we went on vacation.
I like, hang out with my kids.
And it was just this whole thing where you're just like, oh, wait, I miss the team.
I missed the build.
So we always knew like we had something else in it.
But I do think to your point, it's very important to, like, whatever we do next, I want it to be successful and it to be something I do because I love it.
And it's a good idea, not just to do it again.
So with it, we came up with, like, a really good idea.
It was another, like, personal need where I think a lot of good ideas come from personal needs, right?
That passion within versus I read the data and there's a gap in the market and the white fixes this.
And you're like, ugh, boring.
So for me, it was very personal and it's also mass.
So I think a lot of people was starting a company.
They try to get a little bit too niche.
And apple cider vinegar, mother beverage was really niche.
That's a great example.
It was for people that, you know, my grandma told me I should drink that or like, yeah, that does help my tummy.
But the second we switched basically this exact same liquid over, which is positioning in the need state and the occasion to soda, it blew up.
And so I think that whatever we do will be mass and really cater to all demographics will hone you on a particular creative demographic.
What's, okay, so we asked you for some, like, we asked you about this topic in advance, and you wrote down a word that I keep seeing.
I don't entirely know what it means, but you said lymphatic massage.
I follow a guy on Instagram, and every morning at 4.30, he posts these videos of him doing lymphatic.
jumping. You follow a guy. I'm doing this. I'm laying there with my legs on the wall.
Yeah. Tell me about lipotic. I'm like, I don't know if this does anything. Somebody told me they go,
emphatic is the word. I keep seeing. They go, you might feel a little sick at first that that's how
you know it's working, which is the ultimate marketing sales pitch. It's like you want trying to get
healthier. You might feel you might feel sick at first. That's how powerful this is. You know,
and I've never been sick from it, but is what happened is, you know, I worked for 10 years at Poppy.
I think I went to the doctor like once. You know, you're just. You know, you're just.
just like on this build mode. But I was like, oh, wait, okay, I need to like get my life together
on like the wellness front. And I started doing all sorts of things, doing longevity doctors and,
you know, getting all the function health and like under. And then you get all this data and you're
like, well, what do I do with this? And so for me, I just recently had a surgery with the whole
mommy makeover. I had like a tummy tuck and I'm like living my best life. And the doctor's like
the number one thing you can do is lymphatic massage. I started doing it after surgery three times
a week, I still do it twice a week.
But what's like limp?
Is that a body?
I don't even know.
It's a system that helps flush out all the toxins and get everything out of your system.
And so the idea behind lymphatic massage is you are slowly working those fluids to your
lymphatic system for deoxone flesh you.
So you feel lighter.
You feel, you know, not as bloated, more energy.
You're just getting like all of that bad stuff out of your system.
But like on a scale, woo-woo.
to prove in with woo-woo being totally fine.
That's not an insult.
Where does it rank?
Like, where is it on that spectrum?
I don't think that it's something that there's, like, a lot of science behind it by any means.
For me personally, I always think, like, personal recommendations are always better.
It's, like, it's been life-changing for me through, I mean, there's, like, say you're, like, running a marathon, like,
Stevens running the New York City marathon, and he's been having knee pain.
I was like, oh, get lymphatic massage.
And he was, like, for three weeks, he was like, oh, my gosh, like, my pain is gone.
And so it just helps the soreness, just all that stuff built up in your body, it gets it out.
So I challenge you to go do it.
And one of the best people in the space, it's really comes from Brazilian lymphatic massage.
So this is really big in Brazil.
Her name is Josie.
And she lives here in Austin and she's like does all the stars from Miley Cyrus to Katie Perry to all these people.
So like test is up.
Might not work for you.
Sam, just go to the spa and ask for a Brazilian.
and see what happens.
I think that'll work.
Yeah, I don't know about that.
So you talked about you can't announce your company,
but can we guess?
Can we just take five blind guesses in a year?
We just come back and see if we had it right?
Sure.
I mean, I won't say anything.
You don't have to confirm or deny.
You can just say, that's interesting.
I'm just thinking where you go into.
Let me ask you one question.
We had Eric Ryan come on.
He created Ollie Gummies and Method soap
and a bunch of wellie band-aids.
And he had this great line where he goes,
I walk through the aisles and I look at, I look for a sea of sameness.
So basically, I'm looking for these sleepy categories where everything looks the same in the aisle.
And I want to come and be different.
And he said even with the gummy brand, he was like, all of the vitamins look the same.
They were all round jars.
He's like, so I just knew right away, first note, okay, we're doing like a rectangular jar.
He's like, is it better?
No, but it's completely different.
So like, it's better.
Therefore, do you have a similar approach?
Do you kind of walk looking for sort of sleepy aisles or a sea of sameness?
Is that a heuristic for you or no, you think about other things?
No, for me, it's personal need.
So it's like I think there's this whole new wave of this like GLP1 era
that people are sleeping on and not catering to
and thinking that it's going to go away.
And so I lost 60 pounds on GLP1s.
It's absolutely changed my life.
And there was just like a personal need there.
And I think that people, it's not that deep either.
I think that you make the best brands and the best businesses are 10 to 15% better than the established norm.
It's not the niche products, like I said.
Can you explain that?
Because what I hear all the time in San Francisco is the, you've got to be 10 times better is kind of like the thing.
And who can argue with that?
Hell, might as well say 100 times better, right?
Like, you know, who doesn't want that?
But you have a, you're saying something a little bit different.
You're saying actually a small kind of angle difference, 10 to 15 percent can be enough.
Could you explain that?
I think with like food and beverage in particular or beauty products, like hardcore CPG,
I can only speak to that because that's what I know.
And I think it's true for in that space and the way of you take soda, for example,
everyone grew up on soda.
And usually when you say the word soda, you have a memory like movies, late night with family,
burger in a soda.
It invokes emotion because there's that long ingrained nostalgia, something you grew up with.
So every marketer's goal, how do you get to the consumer and you move the buying power from the head to the heart?
They're emotionally connected with your brand.
That's what you're always going to do with brand building.
How do you get someone who's obsessed?
So you tap into emotion and you make something that they go with just a little bit better, right?
That's what we did at Poppy.
We have cola.
We have root beer.
We have cream soda.
We have all of these flavors that people grew up and we're just, we're better.
Right.
And so instead of being like, hey, we're Poppy, we also have Ashwaganda in Lions, Maine,
and we have 38 other ingredients that nobody actually cares about versus, hey, we're going to make this 89% less sugar.
You're going to get all the same flavors you grew up with.
And we're really good.
Yeah, sure, we have pre-bogs.
We're not going to talk about it that much.
And that's what I mean, that 10 to 15% better.
By the way, I started drinking Poppy so much more when the probiotic messaging was a little bit different.
before when I used to see, I used to see at a Royal Blue grocery store, and I was like, is this supposed
to be like a health, a health drink? I was like, what is this? And there was an evolution of
that be, get happy, but get healthy to soda. We found people didn't care. And you're like,
that's a perfect example. And we got that from the consumer. And so we just started to leaning
into our consumer journey was we wanted someone to pick up the can and say, this is so cute. We
wanted them to drink it and be like, holy crap, this tastes amazing. And then to flip it over and be like,
Wait, this is so good for me, too.
And it was intentional, and it's an easier journey in versus that niche health consumer.
What's this thing that you listed called Nello?
Oh, Nello, they're so good.
So magnesium, anything I think around sleep health is really important as well.
I think I would say if you're stressed or having a bad day or you want to blow up on an employee or your friend or your coworker and you're just like, ugh, nothing a good night's sleep can't cure.
But what is Nello?
Nello is a powder within the calming space. So it's magnesium. And there's a lot of studies around magnesium and helping you sleep. We're also, I'm obsessed with like my Orion sleep system. I don't know if you've seen these, but like regular temperature at night. And so like my side of the bed is different than Stephen's side of the bed. And you can sleep. And then it auto changes throughout the night and tracks your temperature so that, you know, like those nights where you like wake up and you're like sweating or you're freezing. It tracks that before. How? It's it. It tracks that.
happen so it keeps you in rim. It keeps you in your deep sleep state. And so it's all of these
things that I feel like these calming powders, all of these things to bring you more sleep has been
like a game changer for me personally. And they're blowing up. They're everywhere. They're killing it.
What are some other little gadgets or drinks like that that you're playing around with or you're like,
you know, nerding out even as a health consumer or like a businesswoman who like cares about seeing the
latest and greatest? I think another big move.
that I purchased for my household is called Preston Lane cleaning products, and it's clean,
like the ingredients are clean. So you're spraying it on your table where your kids are,
and you have all these other ones with all these like harsh, harsh chemicals in it. Well,
I switched to my whole household over to Preston Lane, and not only does it smell amazing,
the ingredients are safe, but they also make like candles and they make dish ropes. And so it
also looks really aesthetically pleasing in your house, and it matches.
versus you have that also like chlorox bottle, right?
You're like, oh, how do I hide all this?
Or the don't soap.
How do I hide all this under the cabinet?
And they've done a really good job also with the spray, it's a scent,
so that like your house smells good at the same time versus that lemon pledge.
Doesn't that sort of go against one of the points you made about like how protein is played out?
And so it's going to be a lot more challenging because when I thought about like clean.
Better for you.
Yeah, like better for you like soaps or whatever.
I would have thought that there's one called like Blue, Blue, I forget what it's called, Blue
Something.
Blue Land.
Yeah.
And then there's like, you know, we just talked about Eric Ryan.
His whole thing was how do I create a bottle so like cool or pretty that you'd keep it on
your countertop instead of hiding it away.
But it seems like there's still like some pretty cool emerging brands that are popping up
because of that.
Yeah, I think Blue Land is an incredible brand.
It's more around like how do they reduce plastic and their receivable tapples putting in.
So they're like taking on the.
oceans and they're killing it. So that's a whole other use occasion where it's like, I want clean
ingredients that make my house smell good that look cute on my counter. Sure, you could argue maybe like a
method, but I still don't think they're that cute. They look, they're not like high in Florence
comfort type look, whereas I think presentlyness. So, and it's an affordable price. And so.
They're definitely not anymore. Like I remember when it came out originally, it was awesome. Now it's like,
it is definitely, it's old now. You know, it's probably like 20 years old. It is. And so I think that
there's still innovation within categories. And they're doing it just 10 to 15% better. Right. And if you
really look at it, no one else is really doing it in this space right now. And they're pretty new.
That's kind of a good guess, Sean, for what she's going to do in this. I think cleaning supplies is
somewhat interesting. Cleaning is one guess. I think like something like toothpaste oral care,
stuff like that. I mean, she kind of said the GOP1 thing. Maybe she kind of gave us the hint there of like
there's a whole like ecosystem of, hey, if 100 million Americans are going to be taking GOP ones and
they go to the store and there's a product they can buy to like support, boost or minimize
downsides. Obviously, that's like a mega, mega market that's getting created that today, like the
incumbent products just don't speak to. Even if they could help, they don't, they're not like
positioned to be that, that assistant, the wingman for you if you're on GLP one. So I've definitely,
I've thought about that. It sounds like she's thinking about that. I think that's a huge category.
All these things are great and I can't wait for you guys to find out in the fall, but you haven't
Yes to yes. So stay tuned.
Okay.
The thrilling podcast where we just simply guess things that the guest can answer.
I'm there.
Really?
Oh, well, tell us about making money.
Because one thing I like about you is you're not one of these people who's just kind of like,
at least you don't come across this way where you like pretend that you didn't care about
money when you became a business person.
Like this is really weird taboo that a lot of business people who obviously care about succeeding
and they want to be well.
they want to be financially successful,
but then they kind of have to pretend,
they feel like they have to pretend that they're not.
And our podcast is called My First Million.
We sort of, we're pretty blunt about like,
hey, look, like one of the main reasons we got into entrepreneurship.
Yeah, we like the creativity.
We like the autonomy, the independence.
But like the prize is also really fun.
And, you know, you guys did fantastically well.
Can you tell us, like, what it was like to get rich?
Yeah.
And I think the number one thing with entrepreneurs
if you can get to like that 20 million mark within your business, you should be having this
conversation. Maybe even at the 5 million of you probably need to start getting some financial advice.
You need to start thinking through your estate planning, your gifting exemptions, and having these
conversations really earlier because the earlier you do it and you move your shares into
trusts and all these is it's just better in the long run for you.
So just putting that out there if you're anywhere between the 5 to 20 million range of revenue
for your company, you should be having these conversations. And I think for us, we were blessed to have
really good advice early on. And so when you're having these conversations years after years,
waiting for this one moment, this exit that may never happen, it's tough place to be. So for me,
I'm like, okay, I'm great. We're there, but I can't think about that. But to your point,
absolutely, like we wanted to exit. I love that I can have generational wealth for me and my family.
And it was always the goal, right? And so I think that.
But we also, like, halfway and took some chips off the table where we, like, sold some of our shares so that we could upgrade our lifestyle a little bit before and also have a nest egg just in case we don't sell.
And I know a lot of founders that haven't done that.
And I implored them to do it because I've also heard of people going out of business and they're left with nothing.
Well, would you say it kind of works both ways, right?
So there's one side is insurance in case it all fell over.
You know, you have the safety net.
But the other side, like maybe you experienced this.
I did for sure, which is you take a little bit off the table.
You sort of satisfy that first level.
And then you're almost free to swing bigger because you're not all or nothing now.
Did you feel that way when you guys did it?
I did.
And our financial advisor at the time told us he's like you're never going to regret living the life that you want earlier.
Say, say, I don't know, make a number.
It's worth five.
million dollars and in five years it's going to be worth 20 million you're never going to regret
having the nicer house going on the extra vacation with your kids getting the upgraded car
having the nicer phone you're never going to regret having those experiences and i agree and i
wholeheartedly agree with that that allowed us to then sit back and like work harder for like wait
i want more of this and like dig your fields in and like this is this upgrade and lifestyle is
everything so i for us it was really important and then the day you actually get the money you
realize your life doesn't change overnight. I think that's another thing that happens is the money
hits the bank account. I'll never forget because, you know, Stephen has his shares. I have mine and we were
like, refresh, refresh one day of. And then like my half hit at like 10 and it was still like two and his
hadn't hit. And I was like, oh, hi, I'm richardsing you. And finally like went to the account and then
we were like, hey, let's go celebrate. Let's go to lunch or go to dinner. I forgot what it was. But we had
calls and it was like this whole thing. We ended up doing nothing. I sat on Zoom call the rest of the day.
You know, and the next day I woke up and we still have to be on Zoom calls. So it, it was this thing
of my life didn't change just overnight. It's where it does change is where you're spending a
year of like actually making real change within your life. Like how do I make my life easier?
How do I get more time with my kids? You know, the person usually does like hire housekeeper
and have maybe a chef once or twice a week. You're not cooking or, you know, how do you get help
on executive level or a nanny.
Like we never got a nanny before, right, before we sold.
So it was a lot of these things of like this upgraded lifestyle, but knowing I want my kids
to be spoiled kids.
So like it's a balance within the lifestyle.
And we're still kind of figuring it out.
It's still pretty new.
Yeah.
What type of conversations?
I think you said your oldest was 14.
Oh, he's nine.
So we've, sorry, nine.
Four, eight, nine.
Yeah.
It's crazy.
Okay.
Well, nine is just getting to.
the age where you can start having some observations and like questioning certain things. Do you have
regular conversations with them? The thing is they are still little, but the difference is our exit was
very public. So we're at every headline, every single one of his teachers, friends, our friend,
everybody knows that it was two billion and everyone obviously thinks we took all the two million,
which is not true. Our two billion, excuse me. So I remember like one time, I think it was like two days
after the X-in, once again, I'm dropping my kids off at school in crocks and socks and
like my hair and a ponytail.
My life hasn't, like, you know, you're just living life.
And a little girl, she was in kindergarten, she walked out.
She's like, are you a billionaire?
And I'm like, oh, we got to have some conversations with our kids.
Like, I didn't realize like how big it went.
So we sat him down and we were basically like, hey, it's ours, not yours.
Our lives aren't going to change.
We're going to continue to be good people.
We're going to continue to be kind and give back.
and do all that and then not shy away from it.
So we got them all Fidelity Investment accounts and put a little bit of money in
so that they can start learning how to invest.
So they have quarterly meetings with our financial advisors.
And we're continually having these conversations because we're not naive to think that they don't know.
What are they investing in?
Are they like micron stock right now?
What are they doing?
They're like Tesla.
At the time they're like, we're going to do Tesla, you know, the open eye AI and like Apple, Nike.
They even wanted Pepsi because they wanted Poppy, like all this stuff.
I mean, those all sound like great buys.
They were great.
But we have $5,000 to invest, you know, and you come back and some were down, some were up,
depending on what they were doing.
It's just more of a learning thing for them to like work for it versus like going really big,
which I love.
He's going to have like QSBS at his 15th birthday.
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Okay, so you do all that.
Tell us about the sale, because I feel like the M&A process is one of the most important
parts of any company.
As a founder, you get, you might do many businesses, you might work on business for years,
but you really only do MNA, like 1% of your,
entrepreneurial journey. So you don't get a lot of reps at it. But it's super important. Like the value
can swing 30%, 50% to based on how you approach that, when you go to market, how you go to market,
how you do all that. Was it a easy process? What is it a super stressful process? Was there any
great moments in the high stakes negotiations going on? Like, what can you tell us about the story?
So there's that fine mind with an especially beverage, because once again, it's like
a lot experience in it, is you can get too big to be bought. And then you're forced.
to go IPO and within a beverage that's not great because then you don't have a distribution
partner. And so you're looking at who can be a great distribution partner. There's only three
people that can buy you, which is curate, Dr. Pepper, Pepsi, and Coke. And so you're, you're
kind of like, okay, yeah, sure you could do what Celsius did and they were able to go public, but
Pepsi distributes them and has a small stick in the company. So there are other ways around it,
But traditionally, that's how it works.
Can you explain the distributor part?
You need the actual retail entry.
You need a manufacturing plant.
What do you mean by you need a distribution partner?
Because you're obviously doing so well.
What is it that they bring at that point that you need?
Yeah.
So for us, we were a direct distribution model where it's called DSD.
We had 180 different distributors pieced together across the U.S.
basically putting us on our truck and putting us on the shelf.
You know, so all of that would move over to one person doing it.
So we call it the red or the blue truck, right, or the purple truck.
So you have purple, which is curate Dr. Pepper, blue is Pepsi or red truck.
And so our goal is like, oh, great, we can now be on this blue truck.
It's one person you're talking to versus the 180 or whatever the number was.
And now we have access to so many more things than we did before.
For example, we were the official soda of the Lakers and could not be sold in the stadium
because it was a coat contract.
We can't be at Madison Square Garden.
We can't be at Taco Bell, Subway.
You can't be at any of these places.
So if you really want to grow, you have to have that distribution arm because of all of those
contract in place.
Think the Marriott's of the world, the international of it all, right?
We'd have to build out different international teams.
So if you really want to have growth, you need a partner to do this.
And so for us, we talk to all three.
It depends on timing what their priorities are within.
And the BD with Pepsi, they're really prioritizing better for you.
They're taking their dyes out of like a lot of their chips.
They're having the conversation.
I just know what's happening with Gatorade.
They're taking stuff out of the ingredients out of that.
So I think that they saw the vision.
They saw the data.
And they saw a great story and a great team and a great brand.
And so they approached us one year earlier before we sold.
Kind of we were in talks with them.
And they kind of gave us a little bit of an offer.
It was like, hey, no, I think we can keep going.
So we completely stopped talking to them.
Didn't talk to them, not even an email for like over a year.
And then we kind of opened up the conversations where we hit about 500,000 in revenue.
And we're like, okay, if we keep going, this is going to get rough.
500 million?
Mm-hmm.
Yeah.
We hit that like, we were, we had just surpassed the 500 million mark.
And we're like, okay, if we keep going like this and say we double the business and we keep going, we should, we should probably reignite some of these conversations because it's a lot easier to, you know, buy 500 million dollar company than a billion dollar company.
and there's less buyers and it's the whole thing.
And look, we're having these conversations and it's always about timing.
And Pepsi came to us and they're like, hey, we see what's happening here.
This is incredible.
I know we haven't talked in a year, but we want to re-engage the conversation.
And after that, it just was really simple because they offered to buy 100% of the company.
A lot of times they'll do a two-step deal where you buy 30% and you have to hit certain markers
and then they'll buy 100%.
And it's just, it's a tougher thing to work.
through from a founder because you're like, okay, well, I'm back forth. And like, if I don't hit this,
then you can't sell it. But they offered 100% of the company. So it was a great deal. They offered to
give all of the poppy people that wanted jobs jobs. So we knew that that was going to be incredible for
the workforce. 99.9% of every employee had equity. So it could be generational money for a lot of
these families had worked so hard with us. And they gave us a great offer and a great multiple.
And so once we said yes, we worked through DD in about six weeks.
And then there's this wait period where the, you know, they have to get approval with FCC to make sure like a soda company is buying a soda company and there's no monopoly there.
And we passed a 30 day mark and we signed the paperwork.
So it was actually a shorter process than most people go through.
When Rohan was on, is it Rohan or Rohan?
Rohan, yeah.
When he, Rohan, sorry. When he was on, he told some crazy stories because I think, you know, he's now an industry veteran, but he kind of came up, I believe it was under smart water or vitamin water. Maybe that's the same guy. And he, like, told the story when they were wanting to sell where he was like my mentor, you know, the guy who actually ran the company, he had some like swagger where like they made offers that he just like said no and he stood up and he just walked out the room and they like grabbed them and they like said, all right, come here, come here. We'll, we'll.
We'll renegotiate.
Like, he had some crazy energy.
Was there any stories like that when you were negotiating because you were with him on, like,
did you learn anything about negotiating?
You know, we were happy with the Pepsi situation, and we didn't have to do any of that dramatic stuff.
At one point, there was a company trying to buy us, and Rohan, like, they offered us 1.6,
he wanted to and he would like threaten to get up in the room, it like blew up the whole thing.
But it was kind of like, we were in talks with Pepsi at the time.
So it was like, there was like no harm, no foul.
I would say it was weirdly easy.
I'm not to say like to sell the company, but like the negotiations.
Like Pepsi just got it.
I don't know how to explain it.
And they still are doing such a good job.
Because I think that even post exit, it's like the scariest thing in the world is to like hand off your baby and hope they don't mess it up.
And it's like, I'm seeing all the cool stuff that they're still doing.
So it's not happened yet.
I'm still watching. I have faith.
Right before I had sold my last company, I used whichever, I forget which personal finance app I was using, but like you can track all of your bank accounts or whatever.
And you can manually enter like a bank account if you own something that can't be linked.
And I remember I put in like my dream number like 12 months before I sold.
Did you do anything crazy like that leading up to it where you were like laying in bed like trying to make.
like try to manifest like $2 billion or did you have a number in your head where you were like
one day I think we can become the this and it became true or were you just along for the ride
I remember when we first started really if we could just sell for $500 million like wow and I
think vital proteins had just sold it was any I forget the numbers I remember from 500 up to a
billion I don't know and I was like wow I mean what if it went for 800 million and it was just
and then every year in the business you're like oh well that
number seems so small. Like, we did that in revenue. Like, what is happening? So you had big
aspirations early on. I mean, yeah, I mean, 500 million is a very big number. Well, you look at
beverage historically. Like, it's big exits. And there's very few that do it. If you can get to
that $100 million to $100 million mark in revenue, you're in this like playing field that only like
15 other brands have been at. And so it's just one of those things that like when we started hitting
these thresholds is really easy to start believing in that dream. And as an entrepreneur,
sky's the limit the way you think. And you guys know, it's this thing of like, you know the ceiling,
you know you can be there. Why can't I do it? It's like we're fearless within it. And so I think
for me it was more that, you know, you get there at the exit and then it's the life change afterwards.
I don't know. Did you guys have the post exit blues or like, were you just like, nope, so glad, done,
by yes
I had heard a lot about that
and I was like oh I wonder nope
I felt amazing and I was like
wow this is actually underrated most people
don't well I will say one thing
I felt relieved more than I felt excited when it happened
because M&A is like pretty grueling
and you don't know and it could like
it could always die the deal could always die
until anything can happen in the bank
in fact I just sold a company recently
and five days after we closed
like there was like a
announcement by, you know, law change that would have like,
we probably wouldn't affect us that much, but it definitely would have spooked a buyer to say,
like, well, let's just like think about it a little bit more.
And like, thank God, you know, just like five days.
And you never even know.
That's not something we were thinking about necessarily.
But like, we just knew there's a million possibilities of how like this could fall apart.
We don't even know which one.
So I'd say definitely felt relief more than excitement, which was surprising.
Then felt a little clueless on like,
Great. So now I'm going to, it's like, well, I don't really, I kind of was already living pretty well.
Don't really need any, you know, like you can upgrade certain things, but it's surprising how little your day to day will actually change.
That was also a little bit of a surprise. But I didn't feel the blues in terms of, I think people feel a sense of loss of purpose or like they go from high action with a team and an office to like a lot of like a lot of silence and a lot of nothing going on each day.
for me, that wasn't so big of a change,
but the thing I do feel is like, you know,
if you spend so much of your life wired to chase one thing,
once you get it, you do have to sort of redefine,
like, what am I doing this for?
What do I want now?
And I think that, I do feel that.
Like, I think picking a new mountain to climb
that has some meaning behind it
is take some work versus just doing this,
you know, because it was very obvious at the beginning.
Like, I got nothing.
I want something.
That was very clear.
I didn't really have to think about it too much.
But now I find myself thinking about it a lot more.
And also, have you guys heard the phrase they referred to boxers when they get successful?
They say it's a lot harder to wake up at 4 a.m. to go for a run when you're getting out of bed in silk sheets.
And it's basically like, you know, it's hard to like go and get punched in the face figuratively or physically when you don't particularly have to.
I've noticed post-exit on one side, you definitely do think grander and you do have more.
and you do have more resources to turn ideas into reality.
But it could go either way.
It could be like, well, because I have resources or because I have time,
I can be starting 10 different things at once, which typically does not end well.
That lack of focus doesn't do good.
Or you just don't grind as hard.
And I always have that fear.
I'm like, oh, am I just soft now?
Alison, do any of what we just said resonate with you?
Or are you like, no, I don't get that.
I'm the opposite of that.
Yeah, I think it's, I think the purpose driven piece is huge. You know, you, I think purpose is more important than money, but I think if you have purpose, money will come. And for me, I had a 10-year purpose and then overnight it was gone. It was a lot of loss for me, for sure, like what you're speaking to. But I think that that's normal. You look at these like Olympath athletes that retire and then they're like, wait, now what? Like, I think. I think that that's normal. You look at these like, Olympath athletes that retire and then they're like, wait, what? Like, like, I think. I think.
a lot of people deal with it in different ways throughout their life. And for us, it was just like,
whoa, this is over. And it was really hard. But then once I worked through that and found out, like,
wait, there's more purpose to life than working and like this, right? I have an incredible, you know,
friend group. My wellness is a huge piece of purpose for me now. And it's like, so it changed a little bit.
And I think that that's been really nice for me. And I feel like I'm the happiest I've ever been in my life
personally with me because of that. But I am excited to build again. And I am excited. I missed the
chaos. I missed the team. I missed the drive. So I think book could probably be true.
But what about with kids? I sold my company before I had a kid. Now that I've got two kids,
Sean's got kids, you guys each have three. I definitely like, I want to be home by a certain time,
whereas before I didn't have that. But you have an interesting perspective. Your come up was with
babies. It's like all I know. And it's something I want them to see us to continue to work hard. I think
through example of us doing it again, even though we have to, I love that they can see that.
But I agree with you. This time I think it'll be easier and having more help. They're older.
I can take them with me to New York. If I'm doing a trip for a press tour or something like that,
then it just allows for more experiences. Hey, can I ask you, you probably get 10 times more of this than we do.
but you know you're at an event you're speaking somewhere people come up to you and they're like
oh hey i have this idea or like i'd love to tell you about my thing and you want to be nice and you want
to be helpful but also the reality of the world is that 99 out of 100 of those people
are not serious enough to actually do the thing and i often have this urge which is just like
i feel like i wish i could just shake them and just give them some real talk and i don't even know if they
would want it or they would like it or they would listen to it. But there's this deep, like,
sense in me that, like, I really, there's some real talk I wish I could just give to more people
so that maybe that 99 out of 100 would change to 84 out of 100 only would not actually, you know,
make it happen. But now 16, now 16 of the 100 would make it happen. And so I wonder what that is
for you. Like, what do you think is the real talk that people need? When, you know, when people come up
to you after an event, what do you wish they actually like, if only you knew? If only you understood,
understood what this is actually going to, what you actually need to do or what this is actually going
to take? What would you say to that person? So my biggest piece of advice, if you're lucky enough
to be in a room with someone like you or me or anyone that can give actual advice, listen,
most people come up to you and they want to tell you everything about their business and they
never ask a question. There's one validation. I don't know what it is. So like, I'm studying this
and we've done this and we have this manufacturer and we launch a target and the,
and this is positioning and this is what I'm thinking
through and I'm like, okay?
Like, I don't know what to tell you
because you haven't asked a question.
And so I'm always willing to give advice.
I'm not willing to do the work for you.
And I think that's another thing
that people get the line blurred.
Hey, you've done this before.
Can I get 10 minutes of your time?
Well, what are you doing?
Well, I want to be an entrepreneur.
I think this space could be interesting.
Do not come to me with that.
Figure it out.
Come to me with real questions
that I can add value and give back and actually move the needle for your life and your business.
And that's, I think, my biggest asset.
I don't think a lot of people realize if you're lucky enough to run into a Mark Cuban or a
Rohan or me, ask real questions.
And I think, like, if people can actually hear that, it would be actually helpful to them.
Yeah, I feel that.
I feel that for sure.
I have this slightly different take on it, which is, I think you're right that, like,
you've got to ask a real question.
or most people just want to be validated.
Like it's the end of the event
and they have their parking ticket
and they just want you to validate it for them
so they get free parking and get out of here.
It's like, I have this idea of blah, blah, blah.
And I just kind of want you to like say yes
so that I feel good.
And it's like, did you want to feel good
or did you want to actually move the ball forward here
by like kind of maybe unblocking something that was blocked?
But I would say even more than that
is most people just are decidedly unsurious
about the things that they're doing in life.
And it's the problem is not their strategy.
It's not their circumstances.
it's that they are just not serious enough to like make it happen.
And you know when you meet somebody who's serious,
because they don't have it all figured out,
but you can feel in somebody when they're very serious about like,
you just kind of know.
This person seems like they have this energy that they're going to make this happen,
even if they know nothing right now,
even if they're actively on the wrong track.
And they've got mothers beverage and it's apple cider vinegar and they're selling it
at farmer's market.
But you can tell, well, I don't care where you start.
The slope of that line is going to be crazy.
if the person is actually like what I call a serious person.
And I just think most people are not serious people about the things that they're,
even the things that they say they want to do.
Yeah.
And I think that they also, everyone asked for my time and my money.
They want investment or 10 to 15 minutes to jump on it.
I just, I don't have that time.
Time is a luxury now.
And so to your point, I want to spend more time with my kids.
I want to like be present with my friends and live my best life.
I can't be on Zoom's for 40 hours.
a week, giving you guys advice with you, to your point, you just want that affirmation versus
really getting down and understanding how I can help them. So I choose who I invested and who I
spend my time with very wisely. And I hope that doesn't hurt people's feelings because people give me
advice and time over the years and building Poppy and mother. But it's just, it's just a reality that
we're in as well. But I think if I can't, you can't, the right thing, you ask the right question.
I will help you.
I'm not mean.
It's like, you know, I want to give back with all these things.
But it's just, it's a tough position that people are put in.
I have an embarrassing story of myself doing it wrong.
I emailed the head of YC.
So YC is like kind of like our mecca.
It's our church here in Silicon Valley.
It's like, okay, they're the best at incubating company.
He's the president of YC.
I got his email.
I emailed, hey, Michael.
It's Michael Sible at the time.
And I was like, Michael, I would love to, you know, you did this live streaming thing.
I'm doing this live streaming thing,
would love to just kind of,
oh, no, pick your brain.
I said it.
I love to pick your brain.
I wanted to take him out to lunch
as if he can't afford lunch.
And I'm asking him for his time.
And then he just replied, like,
five seconds later, he goes,
what's the question?
Like, you know,
okay, just ask your question right here.
If you want the,
if you're asking me for advice
or for help, like, just ask you right here.
And maybe I could do it even faster for you.
And I realized in that moment,
A, I didn't actually have a crisp question.
I think I just generally wanted, like,
a good feeling and to feel
like I wasn't like a loser who was off in the wrong direction.
Secondly, like, I wanted his time more than I actually wanted the help.
Because what he was saying was true.
He's like, if you want the help, I could give it to you right now.
Or we could try to schedule something four weeks from now.
And so I remember realizing that.
And I kind of never did that again.
Like, I took that whipping once and I was like, cool.
If I'm ever going to ask somebody for their time, let me just ask him the question straight away.
Let's see if that solves the problem.
Because, yeah, I would love to feel like I met you and I'm associated with you.
But that's for me.
that's not going to help my business, nor is it going to help that person on the other side of it either.
Oh, gosh.
The amount of times I've responded back and like, okay, what's the question?
And then they never.
Then there's nothing.
Silence.
Nothing.
I think I saw, did I say, I saw somewhere, maybe it was Wall Street Journal.
You did, uh, did you say you do a million dollar vacation post exit?
Is that right?
Yes.
It was a long one.
What was the vacation?
So I took like 20 of my family members and, and, you know, for my mom and dad and my sister and their kids.
and my dad and Stephen's parents and sisters.
So it was a lot of people.
And we went to four different places over a period of over a month.
And it was just like our one big, like, FU trip post exit.
And I think a lot of people are like, what items did you buy?
Like, I still don't even have a Birken.
Like, they're like, what piece of this did you buy?
You know, I'm like, I want experiences.
I want memories.
I want all these things.
And so have we done that since?
No.
Are we going to do that every year?
No.
Was it even fun?
Or was that like planning a wedding?
You know.
Yeah, 20 people.
I don't think I would enjoy that.
I'm not up PTSD on it, but I don't want to sound like ungrateful.
But yes, because then we're on there and you don't have, like, it's so new within it.
So you're still feel a little uncomfortable spending money too.
And so you haven't worked through those emotions.
And then you're like, hey, I'm going to the spa.
And then seven people raise their hands and they want to go.
Then I want to call making seven people's small appointments.
So yes, it was.
And then you're like the reservations and the food and the travel of it all.
So, yeah, I would not recommend it.
even though it was a once-in-lifetime thing,
and it was marvelous and very blessed.
Where'd you go?
We went to Tuscany, Lake Como, Montenay,
in Scotland.
There you go.
Well, you actually, this sounds almost a little, like, silly,
but you're a very, you and Stephen are both very fun follows on Instagram.
You guys have a lot of fun.
Do you have, this is the silly part,
but how do you think about, like, having fun?
Do you have a framework for your fun?
Well, let me explain why.
Like, my wife and I just started doing like a very simple date night.
But it's like on the calendar.
And I'm like, oh, we had to schedule this.
I didn't think, I thought we could be impromptu, but we couldn't.
We had to schedule this.
But you've, you've amped it up.
Like, you guys look like you have a ton of fun.
Tell me, it sounds like Sean was making fun of me, but you actually might have that.
So I think somewhere along the way, we were taught that being serious equals being successful.
And then we, we were kind of taught that like fun is a distraction and that if you're serious,
you should look serious and act serious and all of these things. And I'm so here to like throw that
theory out the window. And I think it isn't a distraction. I think it's fuel. I think it's fuel for like
not burning out in life. I think it's the ability to like you should be having fun at work,
should be having fun in your life. And it actually fuels that success. And so like that's
actually been something like me and Stephen talk about all the time is like the second we're not
having fun, whether you're working hard, you shouldn't be doing that. So it's like all these people,
talk about hating their jobs and stuff. Like, oh, that's such a toxic environment. I think it's like
how we operated even at Poppy was it was fun. You know, the ability to put myself out there fully,
awkwardly, authentically, like online and crazy dances. Like, it was the culture within Poppy, too.
We were having fun. And so, you know, the other day someone was like, why do you talk like that?
And your voice is annoying. And like, you are doing fit checks and like all stuff. And I was like,
because I want to. And I'm a confident queen. And I'm a.
and I'm obsessed.
And like, why does it bother you?
Like, you're not offering fun.
And so I think it's this ability to live life, not take it so serious.
That's like, I don't know, don't you guys feel that too?
Preach.
Yeah, well, the part that I, I don't know if Sean struggles with this,
the part that I got sucked into was like, to be successful, you have to be serious.
And so, like, I just started doing Instagram as well.
And I feel it's very uncomfortable.
I'm not used to have, I'm not this motion I don't love,
And it definitely is rooted in like, don't want to look too silly.
But also in terms of non-social media, it's running a business.
There is like be serious, be successful type of energy.
And I think the bigger you get, the more, like if you look at what Sean and I used to say like six years ago when no one watched this thing, it was a little bit different than now.
And I think that like you do fall in the trap of like you have to be more serious as you get bigger.
And you get more confident than more you do it.
You know, you don't just become confident at the start.
you start and confident catches up later. And so I think that it's funny. I push Stephen to be
online when we were post-exit. I think he had like a thousand followers. And I was like,
you got to get out there. People need to hear from you. He is so smart. We did very different
things at Poffier, ran our creative brand, like all the fun stuff that you get to see. And yet
he ran our entire innovation team and supply chain and all of this stuff. And like the hardcore
business items, why we make so many such a good partnership. And I was like,
Your stories are so different than mine, and entrepreneurs need to hear them.
And I hired him a social team to run them and help him get up and running and to take that lift off so that all you need to do is sit down and talk to the camera.
And at first, he hated it.
Now, he's honestly, he's better at making the time for it than me, if anything.
So you just got to start.
Well, we appreciate you doing this.
You're awesome.
Thanks for coming on.
It's a fun story.
We've been buying your product for years, and it's nice to have you as a friend now.
We'll have you come back when you launch your new thing and we'll see if our predictions were, uh,
We're close even.
You've been blown away.
You're like, oh, my goodness, why has no one done it and done it like this?
Well, now I must know.
Interesting, yes.
Well, now my days ruined.
All right, that's it.
That's the pod.
I feel like I can rule the world.
I know I could be what I want to.
I put my all in it like no days off.
On a road, let's travel, never looking back.
All right, let's take a quick break.
I want to tell you about marketing school.
It has a podcast that is part of the HubSpot podcast.
network. And it is run by Neil Patel and Eric Sue. And these guys are both marketers who are running
businesses. And so if you want real world tactics from practitioners who are actually out there
in the field doing it, this is the podcast for you. Check it out wherever you get your podcast.
