Jim Koch

37 statements across 4 episodes · 10 bullish · 10 bearish · 1 people on the record · first statement Oct 31, 2016 by Jim Koch · said 19 times in 10 episodes since 2018 · across every show →

On the record as a speaker too: Jim Koch's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Guy Raz (9), Sam Calagione (4), Zach Rolland (3), Gary Hirshberg (2), Bill Shufelt (1)

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00234620182019202020212022202320242025episodesmentions per episode
2025 2 mentions in 1 episode
2024 11 mentions in 6 episodes 2 per episode
2022 4 mentions in 1 episode
2021 1 mention in 1 episode
2018 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Jim Koch, oldest first

Oct 31, 2016
Assertion Not checkable as stated
Koch faced a 95% rejection rate when pitching Samuel Adams to bars
“I probably got, you know, 95% rejection, so I'd make 20 calls to get one account.”
Jim Koch Oct 31, 2016 ▶ 22:34 Samuel Adams: Jim Koch
Oct 31, 2016 negative
Opinion
Koch: Staying at BCG was dangerous because of career regret risk
“And in my situation, staying at BCG was dangerous, but not scary. And the danger there, the risk of it was continuing to do something that didn't make me happy, and getting to, you know, 65, and looking back and go, oh my god, I wasted my life. That is risk. T…”
Jim Koch Oct 31, 2016 ▶ 8:39 Samuel Adams: Jim Koch
Oct 31, 2016 negative
Opinion
Koch: Traditional IPOs are rigged for institutional insider profits
“It is all for their buddies at the big institutions to buy the shares and make a bunch of money”
Jim Koch Oct 31, 2016 ▶ 26:25 Samuel Adams: Jim Koch
Oct 31, 2016 negative
Assertion Supported
Koch: European beer imports in the US were almost always stale
“Beer has about a four to five month shelf life, and the imported beers were almost always stale. They were typically in green and clear bottles, and visible light isomerizes a compound in hops. That's why you get skunky beer.”
Jim Koch Oct 31, 2016 ▶ 10:14 Samuel Adams: Jim Koch
Oct 31, 2016
Insight
Koch: If you wouldn't do a job forever, don't do it tomorrow
“Well, if I don't want to do it for the rest of my life, I probably don't want to do it tomorrow.”
Jim Koch Oct 31, 2016 ▶ 5:16 Samuel Adams: Jim Koch
Oct 31, 2016 positive
Assertion Not checkable as stated
Koch: Samuel Adams was profitable from its first full month of operation
“Yes, we were profitable from the first full month, because going back to what I was talking about earlier, you know, It was the ultimate lean startup.”
Jim Koch Oct 31, 2016 ▶ 20:46 Samuel Adams: Jim Koch
Oct 31, 2016
Assertion Supported
Koch: Giving 2% equity secured the brewmaster who modernized Samuel Adams
“I'll tell you what, I'll give you two percent of the company. And that piqued his interest. He signed on, and he helped me adapt a nineteenth-century recipe to a twentieth-century brewery.”
Jim Koch Oct 31, 2016 ▶ 13:00 Samuel Adams: Jim Koch
Oct 31, 2016
Assertion Supported
Koch: Samuel Adams operated by contract brewing for its first years
“What we did is we rented space Dr. Awadis and I showed up, brewed the beer, And then they packaged it, and I didn't have to have my own brewery for several years.”
Jim Koch Oct 31, 2016 ▶ 13:27 Samuel Adams: Jim Koch
Oct 31, 2016 positive
Disclosure
Koch recruited his 23-year-old BCG secretary to co-found Boston Beer
“But then I realized, wait a minute, there is a person here who is energetic, talented, resourceful, Great people person. Has all the skills that I don't really have. She was my secretary. So it was just me and Rhonda. She was 23 years old. No college degree. B…”
Jim Koch Oct 31, 2016 ▶ 15:47 Samuel Adams: Jim Koch
Oct 31, 2016 positive
Assertion Partly supported
Koch: Boston Beer raised $65M through mail-in checks via six-pack coupons
“We got a hundred and thirty-some thousand people who sent in their checks. We got sixty-five million dollars And that was the first time something like that had been done, and other people have continued to do it, followed up on it.”
Jim Koch Oct 31, 2016 ▶ 27:15 Samuel Adams: Jim Koch
Oct 31, 2016 negative
Assertion Not checkable as stated
Koch: All five Boston beer distributors rejected Samuel Adams at launch
“Well, there were five beer distributors in Boston. I went to each one of them. They all turned me down.”
Jim Koch Oct 31, 2016 ▶ 16:26 Samuel Adams: Jim Koch
Oct 31, 2016 negative
Assertion Partly supported
Koch: Heineken and Beck's exported beer with ingredients outlawed in Germany
“They send us Heineken that's outlawed in Germany because of Germany's strict beer purity law, and the Becks they send us isn't the same Becks they have in Germany. They add forbidden adjuncts to it.”
Jim Koch Oct 31, 2016 ▶ 25:17 Samuel Adams: Jim Koch
Oct 31, 2016 positive
Assertion Supported
Koch: Samuel Adams was voted Best Beer in America in six weeks
“Six weeks after Sam Adams came out. It got picked as the best beer in America.”
Jim Koch Oct 31, 2016 ▶ 19:50 Samuel Adams: Jim Koch
Jul 24, 2017
Assertion Supported
Jim Koch chose his 23-year-old secretary to co-found Boston Beer Company
“She was my secretary. So it was just me and Rhonda. She was 23 years old. No college degree. Bartended at night.”
Jim Koch Jul 24, 2017 ▶ 16:30 Samuel Adams: Jim Koch (2017)
Jul 24, 2017 neutral
Assertion Partly supported
Jim Koch: US breweries fell from 1,000 in 1948 to 50 by 1984
“So he got out of brewmaster school in 1948, and there were a thousand breweries all over the U.S. 36 years later, when I started Sam Adams, that thousand had dwindled down to 50.”
Jim Koch Jul 24, 2017 ▶ 2:58 Samuel Adams: Jim Koch (2017)
Jul 24, 2017 negative
Assertion Supported
Jim Koch: Heineken and Beck's exported non-compliant, inferior beer to America
“They send us Heineken that's outlawed in Germany because of Germany's strict beer purity law, and the Becks they send us isn't the same Becks they have in Germany. They add forbidden adjuncts to it.”
Jim Koch Jul 24, 2017 ▶ 25:46 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Assertion Supported
Boston Beer raised $65M from 130,000 customers in a direct-to-consumer IPO
“We got a hundred and thirty-some thousand people who sent in their checks. We got sixty-five million dollars And that was the first time something like that had been done”
Jim Koch Jul 24, 2017 ▶ 27:44 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Assertion Not checkable as stated
Koch: Early Samuel Adams Sales Had a 95% Rejection Rate
“I probably got, you know, 95% rejection, so I'd make 20 calls to get one account.”
Jim Koch Jul 24, 2017 ▶ 23:03 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Insight
Jim Koch: The biggest risks are dangerous but not actually scary
“And it's the difference in life between things that are scary and things that are dangerous. And there are plenty of things that are scary but aren't dangerous. And there are things that are dangerous, but not scary. And those are the things that get you.”
Jim Koch Jul 24, 2017 ▶ 7:53 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Insight
Koch: Evaluate startup expenses only by whether they improve the core product
“You know, I just asked myself, am I spending money on things that are going to make the beer better, or am I spending money on things just because that's what you're supposed to spend it on?”
Jim Koch Jul 24, 2017 ▶ 14:14 Samuel Adams: Jim Koch (2017)
Jul 24, 2017 positive
Disclosure
Jim Koch gave a brewing consultant 2% equity to modernize his recipe
“And I said, well, I'll tell you what, I'll give you two percent of the company. And that piqued his interest. He signed on, and he helped me adapt a nineteenth-century recipe to a twentieth-century brewery.”
Jim Koch Jul 24, 2017 ▶ 13:26 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Assertion Supported
Samuel Adams reached $1 million in sales within five months
“Five months.”
Jim Koch Jul 24, 2017 ▶ 23:51 Samuel Adams: Jim Koch (2017)
Jul 24, 2017 negative
Assertion Not checkable as stated
Koch: All five Boston beer distributors rejected Samuel Adams at launch
“Well, there were five beer distributors in Boston. I went to each one of them. They all turned me down.”
Jim Koch Jul 24, 2017 ▶ 16:55 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Assertion Supported
Boston Beer Company offered its IPO shares directly via six-pack coupons
“We put coupons on the six packs that allowed you to buy 33 shares of Boston Beer Company at 15 dollars a share, so it was 495 dollars.”
Jim Koch Jul 24, 2017 ▶ 27:02 Samuel Adams: Jim Koch (2017)
Jul 24, 2017 positive
Insight
Jim Koch: Business outliers provide the most valuable learning
“When I was a consultant, what always fascinated me were the outliers, because that's where the real learning was.”
Jim Koch Jul 24, 2017 ▶ 6:27 Samuel Adams: Jim Koch (2017)
Jul 24, 2017
Assertion Supported
Boston Beer Company scaled via contract brewing before owning a facility
“What we did is we rented space Dr. Awadis and I showed up, brewed the beer, And then they packaged it, and I didn't have to have my own brewery for several years.”
Jim Koch Jul 24, 2017 ▶ 13:52 Samuel Adams: Jim Koch (2017)
Jan 25, 2024 positive
Assertion Not checkable as stated
Jim Koch: Boston Beer's non-alcoholic hazy IPA matched alcoholic versions in blind-tastings
“At the end of the day, we got a hazy IPA that was non-alcoholic and had the same taste scores as the alcoholic version of it. When people tasted it blind, they could not identify it. As a non-alcoholic beer. And the scores on it that we were getting were equal…”
Jim Koch Jan 25, 2024 ▶ 29:41 Brewing creativity with Jim Koch of Boston Beer Company
Jan 25, 2024 positive
Opinion
Jim Koch: Heineken 0.0 was the first truly good non-alcoholic beer
“And then I was at a beer conference, and I tasted the first non-alcoholic beer that was really good, and that was actually Heineken Zero Zero. And I remember to this day, it was like six years ago in San Diego, and I poured it to see, well, I'll see if this on…”
Jim Koch Jan 25, 2024 ▶ 28:23 Brewing creativity with Jim Koch of Boston Beer Company
Jan 25, 2024 negative
Assertion Supported
Jim Koch: Sam Adams Nitro failed because specialized cans made it expensive
“Because nobody bought it. So I've learned to accept the verdict of the drinker. It was more expensive because we're, you know, the cans were quite expensive. It was a wonderful beer, but it just could not find A place”
Jim Koch Jan 25, 2024 ▶ 34:22 Brewing creativity with Jim Koch of Boston Beer Company
Aug 8, 2024
Insight
Koch: Brand building is no harder today than it was in 1985
“I think it's the latter. It's never been easy. I mean, it's, building a brand is just it's hard work, and it's a miracle when it happens. I mean, you're creating something out of nothing. It's the, you know, the 21st century version of alchemy, and that was al…”
Jim Koch Aug 8, 2024 ▶ 18:31 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024 positive
Assertion Contradicted
Koch: Red Bull's 50-cent price premium drove $1B in early US revenue
“And that 49 cents Difference per serving in the first two years was a billion dollars in revenue.”
Jim Koch Aug 8, 2024 ▶ 33:58 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024 neutral
What-if
Koch: I don't know if scaling to billions made me any happier
“I can't tell whether I would have been just as happy or happier had I had the intended outcome instead of the unexpected outcome.”
Jim Koch Aug 8, 2024 ▶ 47:42 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024 positive
Assertion Supported
Koch: Boston Beer reached 8 million barrels and $2 billion in sales
“It wasn't 5000 barrels. It was actually eight million, and it wasn't, you know, eight people. It was 3000, and it wasn't one million. It was, like, two billion.”
Jim Koch Aug 8, 2024 ▶ 47:24 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024 negative
Insight
Koch: Founders should not 'play company' by spending on offices and assistants
“Don't play company. You start out, and you think, well, I'm starting a company. I need to have the things that a company has, you know. I need to have an office. I need to have You know, a computer. I need to have, you know, an executive assistant. Well, BS, y…”
Jim Koch Aug 8, 2024 ▶ 5:55 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024
Assertion Not checkable as stated
Koch: Boston Beer secured all 100 target Boston bars within one year
“We, our whole market when I started was a list of 100 bars in the whole world. That was what we cared about, was those 100 bars that were in the right pockets in Boston. We only had one truck to deliver the beer, so we couldn't go all over creation, but we foc…”
Jim Koch Aug 8, 2024 ▶ 4:38 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024
Insight
Koch: Unfamiliar products must target early adopters over mainstream volume
“When you're at the leading edge Of a product that is very unfamiliar to people, even a category that is unfamiliar, you don't want to go where all the volume is in the mainstream. You know, you want to just find a handful of people who will get what you're try…”
Jim Koch Aug 8, 2024 ▶ 3:08 Advice Line with Jim Koch of Boston Beer Company
Aug 8, 2024 bearish
Insight
Koch: Early-stage investor equity is the most expensive capital available
“Early stage investor money is the most expensive money Out there.”
Jim Koch Aug 8, 2024 ▶ 26:07 Advice Line with Jim Koch of Boston Beer Company
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