Eric Ryan: Touring foreign grocery stores with designers sparks best product ideas
“I think it's still arguably my best tactic for developing new ideas is to be in a foreign market, ideally with a creative or a couple of creatives with you. So you can sketch as you go, cup of coffee in hand, incredibly jet lagged. Nobody can bother you becaus…”
Eric Ryan: Product innovation should steal from distant industries, not direct competitors
“I never steal from our competition because then you're just a hack. That's embarrassing. I try to steal from as far away from what we're working on as possible.”
Eric Ryan: Method was first to combine high design and sustainability
“And so I guess I'm going to take credit for it because nobody's told us they've done it first of really combining high design and deep sustainability.”
Eric Ryan: Startups must create new categories to avoid incumbent line extensions
“When you're building a brand, if anybody else can line extend their way In, and compete against you. You're really going to struggle to compete against a big company unless you can create a great, you know, a huge lead.”
Eric Ryan: Olly scaled to $100 million in revenue in four years
“We scaled it to a hundred million in four years.”
Eric Ryan: Selling a startup too soon is better than too late
“People have made a fortune by selling too soon. It's better too soon than too late.”
Eric Ryan: The acquisition of Olly delivered a 10x investor return
“It was, you know, it was a 10 extra turn.”
Eric Ryan wound down a startup with Serena Williams over leadership dynamics
“I did a startup with Serena Williams and just found if I wasn't the CEO in it, running it, Every day particularly with the dynamics it was not gonna work, so I made the decision just to wind it down.”
Eric Ryan joins Greycroft to launch $150M consumer fund
“I've moved much more into the venture investing space. And I joined Graycroft. We are launching a new one hundred fifty million dollar dedicated Consumer Fund. We just made our first two investments. So I've officially made the move from entrepreneur to invest…”
Eric Ryan: Winning on product iteration is harder than building a brand
“Really trying to win on a product iteration is tough because it almost becomes more of an invention than building a brand.”
Eric Ryan: Character licensing offers early brands a shortcut to scale
“Licensing, especially with retailers, is a great quick shortcut to really build, even though you're borrowing someone else's brand equity, but particularly for kids, bringing in kids' characters and being able to custom on top of that, I think would really get…”
Ryan: I drank Method toilet bowl cleaner to prove its safety
“Yeah, so I was in London, you know, I love the British press, they're so skeptical, and she said, is it, you know, safe enough to drink? I was like, sure. So we both took a shot at the toilet bowl cleaner.”
Eric Ryan: A Target endcap is America's most valuable retail real estate
“I still think there's no more valuable real estate in America than an end cap. At a target.”
Ryan: Advertising is a tax on unremarkable products
“I still think of advertising as a tax on an unremarkable product. And the better you get the product, the packaging, and something that creates that immediate connection, then marketing is really just gravy and jet fuel to be able to accelerate that.”
Ryan: Informal Advisory Boards Create Rhythms Needed for Scaling
“If you don't take outside capital, you don't need a true board, but having a group of people function as a board is It kind of creates these, like, tentpole moments and puts structure around the business to help you create a really clear rhythm to help you sca…”
Eric Ryan: Founders must choose between keeping control and maximizing scale
“You can either go for control or financial win. Meaning if you want to just continue to have full control and really build this yourself, it's going to be a slower, longer build, but you can have control. If you want to really scale up, you're going to have to…”
Eric Ryan: Building a long-term brand around one product is very difficult
“I think it's really, really hard long-term to build one product. I think you'd be in one category really well.”
Eric Ryan drank Method toilet cleaner to prove it was non-toxic
“I was in London, you know, I love the British press, they're so skeptical, and she said, is it, you know, safe enough to drink? I was like, sure. So we both took a shot at the toilet bowl cleaner.”
Puri: Retail aisles with a 'sea of sameness' represent prime disruption opportunities
“What you're looking for is what I call a sea of sameness. And so he put up this photo of the soap aisle and it was just like all a bunch of green bottles. It was like every bottle or every like house cleaner was green in a bottle and it looked exactly the same…”
Ryan: No low-interest categories exist, only low-interest brands
“There's no such thing as low interest categories, just low interest brands.”
Lowry: Method co-founders each invested $45,000 to start the company
“We each put in 45,000 dollars.”
Ryan: Eco-brands must use design as a Trojan horse for mainstream adoption
“The only way we're going to make this work is we had to get the mainstream into a green product, and we thought a lot of it as it's a Trojan horse for good. We had to put our green credentials on the back of the bottle and almost kind of hide them.”
Ryan: Take family money to ensure the ultimate motivation to survive
“I always encourage entrepreneurs to take money from family because I think it's the best motivation to ensure that no matter how hard things get, you're going to find a path forward.”
Brown: Consumers do not buy sustainable products; they buy great products
“People don't buy sustainable products. They buy great products.”
Eric Ryan: Successful founders need business partners with opposite mindsets
“As a founder, you often look to partner with businesses with people who are similar to you, but what you need is someone who's the complete opposite of you to make a business successful.”
Ryan: Method divided co-founder roles between inside and outside the bottle
“Very simply, Adam's inside the bottle. He understood that the chemistry, the chemical engineering the sustainability behind it, and I was outside of the bottle, which was the design and the branding of it.”
Eric Ryan: Co-founder partnerships are like marriages without makeup sex
“And you're doing this as a partnership, and I always tell people it's a lot like a marriage, but it's even harder because you can't have makeup sex. So you've got to find alternative ways through it.”
Lowry: Constructive co-founder relations matter more than getting your way
“The key for us was recognizing that it was way more important for the business That we have a constructive relationship than to get our own individual way”
Ryan: Method Co-Founders Did Therapy Together
“We did therapy together.”
Lowry: Co-Founder Therapy Helps Navigate Divergent Stress Responses
“I'm a big proponent of that because it's what helps you understand this, like this situation that we just talked about, where when things get stressful, Eric talks a lot, and Adam shuts up. Right. And that's two different people responding in different ways th…”
Eric Ryan: Method was the first 'Eco Chic' high-design sustainable brand
“We're going to take credit for it, because we haven't found anybody who did it first, but really the first Eco Chic, a product that was high design and deep sustainability, which is really hard to do, and we were both insistent that it would have these qualiti…”
Ryan: 1990s Cleaning Aisle Was a Large 'Sea of Sameness'
“I just started looking at the cleaning aisle and saw that it was such a big category, but a sea of sameness. Like, everything looked and smelled the same. The brands were pretty dated, and so that was kind of the clue of, dig here.”
Ryan: There Are No Low-Interest Product Categories, Only Low-Interest Brands
“There's no such thing as low-interest categories, just low-interest brands.”
Eric Ryan: Dot-Com Startups Raised $40M on 40-Page Business Plans
“We had friends who are raising forty million dollars on forty-page business plans and bragging about a million dollar per page for a raise or doing these lavish launch parties, which seems so ridiculous now to spend funds on a launch party.”
Ryan: Method modeled its first bottle on a Norwegian camping bottle
“We didn't have a lot of, you know, money to do custom tooling, and so I started looking for stock bottles, couldn't find anything I really liked. So I had this camping water bottle from Norway that I had found. Just a really simple kind of bullet design with t…”
Lowry: Method was funded out of pocket for two years
“We paid, we ran the business out of pocket for about two years.”
Method Co-Founders Eric Ryan and Adam Lowry Invested $45,000 Each
“We each put in 45,000 dollars.”
Pitching Busy Store Managers Is Excellent Startup Sales Training
“And it was the best training, because we didn't know how to sell, and you had 30 seconds to pitch. And so it really helped you learn how to sell the product.”
Method Printed Co-Founder Eric Ryan's Personal Cell Phone on Every Bottle
“We didn't have a customer service number, so my cell phone was on the back of every bottle”
Entrepreneurs Should Raise Family Money to Ensure Maximum Motivation, Says Ryan
“I always encourage entrepreneurs to Take money from family, because I think it's the best motivation to ensure that no matter how hard things get, you're going to find a path forward.”
Method Co-Founder Drank Toilet Bowl Cleaner to Prove Non-Toxicity to Press
“And it was a toilet bowl cleaner. And so we both took a shot at the toilet bowl cleaner”