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Chomp Chocolate

4 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Dec 26, 2024 by Ben Bailey · said 4 times in 1 episodes since 2024 · across every show →

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brought up most by Ben Bailey (4)

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2024 4 mentions in 1 episode

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Everything said about Chomp Chocolate, oldest first

Dec 26, 2024
Disclosure
Chomp Chocolate rejected 2,000 retail stores due to cash flow constraints
“We've also had to say no to like a lot of big stores like over 2000 stores in the last year, because, you know, I can't, I have the factory and the production equipment, and technically we could produce more chocolate, but funding another crew and then the pur…”
Ben Bailey Dec 26, 2024 ▶ 14:20 Advice Line with Serial Entrepreneur Marc Lore
Dec 26, 2024 bullish
Assertion Not checkable as stated
Chomp Chocolate hit $750K in year two and paces for $1M
“We did 400,000 dollars the first year we opened. And then 750,000 last year. And this year we're set to do a million dollars and 70% of that's coming from e-commerce, so.”
Ben Bailey Dec 26, 2024 ▶ 10:50 Advice Line with Serial Entrepreneur Marc Lore
Dec 26, 2024
Disclosure
Ben Bailey invested $700,000 of his personal funds into Chomp Chocolate
“So I put 700,000 dollars in is everything I had and that got us open.”
Ben Bailey Dec 26, 2024 ▶ 9:55 Advice Line with Serial Entrepreneur Marc Lore
Dec 26, 2024 bullish
Insight
Lore: Big chocolate brands cannot execute a customizable direct-to-consumer model
“There's no way a big company can do the sort of build a bear type approach and chocolate. And so you could really own that market.”
Marc Lore Dec 26, 2024 ▶ 15:33 Advice Line with Serial Entrepreneur Marc Lore
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