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Pete Maldonado

19 statements across 3 episodes · 7 bullish · 1 bearish · 2 people on the record · first statement Jan 30, 2023 by Pete Maldonado · across every show →

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

Everything said about Pete Maldonado, oldest first

Jan 30, 2023 neutral
Assertion Not checkable as stated
Maldonado: Chomps received 10 to 20 daily orders in year one
“It was a handful, right? Like, 10, 20.”
Pete Maldonado Jan 30, 2023 ▶ 46:37 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023
Disclosure
Ali matched Maldonado's tiny $3,250 initial investment to co-found Chomps
“I mentioned how much had he invested and he was like, it was at 32 53,250 dollars, I think is what he had put up. So I cut a check and match that.”
Rashid Ali Jan 30, 2023 ▶ 29:19 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 positive
Assertion Not checkable as stated
Maldonado: Trader Joe's first Chomps PO was for 1.1 million sticks
“It was. 1.1 million sticks. And you know, when we saw that first PO, like that's where I was like, this is it. This is what's going to put us on the radar. It's going to change everything. And it was larger than the previous year altogether in a single PO.”
Pete Maldonado Jan 30, 2023 ▶ 59:04 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 negative
Disclosure
Maldonado: Stuck with millions in loans during Florida real estate crash
“At my rock bottom, it was a couple million in loans that I ended up getting stuck with.”
Pete Maldonado Jan 30, 2023 ▶ 8:37 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 neutral
Assertion Not checkable as stated
Maldonado: Frozen Fitness investor pledged $250K but only invested $60K
“He agreed to putting in 250,000. He actually put in, I believe, 60,000.”
Pete Maldonado Jan 30, 2023 ▶ 16:31 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 positive
Assertion Not checkable as stated
Maldonado: Chomps exceeded Trader Joe's sales projections fivefold
“And Trader Joe's, they gave us some projections. They thought that we were going to do, and they kind of let us know their forecast. And we far exceeded the projections, I think by five times.”
Pete Maldonado Jan 30, 2023 ▶ 1:03:31 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 bullish
Assertion Supported
Maldonado: Chomps exceeded $100 million in revenue
“We're going to be exceeding the, we have exceeded that, that nine figure range of revenue.”
Pete Maldonado Jan 30, 2023 ▶ 1:13:52 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023
Assertion Not checkable as stated
Maldonado: Chomps found co-packers by tracing USDA legends on competitor packaging
“Each one of these meat sticks has the USDA legend on there. So we had a whole list of people to contact. And then we found one specific one in Missouri, in this very small farm town called Green Top, Missouri”
Pete Maldonado Jan 30, 2023 ▶ 36:32 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 positive
Assertion Not checkable as stated
Maldonado: Chomps still uses its original beef stick recipe today
“We landed on that original stick recipe that is the same exact recipe we use today, and it only took us a few tries.”
Pete Maldonado Jan 30, 2023 ▶ 41:56 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023 bullish
Assertion Partly supported
Maldonado: Search Trends for Grass-Fed Beef and Keto Saw Hockey-Stick Growth
“So I started using these tools and looking at grass fed, like the search terms for grass fed beef delivered, any type of search term that was all related to that. So paleo, keto, all of those. And every single one of these search terms were just like an absolu…”
Pete Maldonado Jan 30, 2023 ▶ 23:53 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023
Assertion Not checkable as stated
Ali: Founder Tension at Chomps Revolved Around Going Full-Time
“A lot of the tension was around when we both would go full-time.”
Rashid Ali Jan 30, 2023 ▶ 55:09 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023
Assertion Not checkable as stated
Maldonado: Chomps raised Trader Joe's bridge financing from eight personal investors
“And we raised money from probably eight different investors that put up between a hundred to 200, a little more. Some of them had a little more.”
Pete Maldonado Jan 30, 2023 ▶ 1:02:37 Chomps: Pete Maldonado and Rashid Ali
Jan 30, 2023
Disclosure
Maldonado decided to drop out while changing business professor's flat tire
“I made that decision literally as I was changing this guy's tire that I was done with college.”
Pete Maldonado Jan 30, 2023 ▶ 5:49 Chomps: Pete Maldonado and Rashid Ali
May 2, 2024 positive
Insight
Maldonado: Emerging premium CPG brands should not compete on retail price
“With this type of product, one of the other things when you go into retail, don't fall into the trap of trying to compete on price. You are going to be the little guy coming into the space, lean into your story, lean into the premium aspects of the products an…”
Pete Maldonado May 2, 2024 ▶ 33:07 Advice Line with Pete Maldonado of Chomps
May 2, 2024 neutral
Disclosure
Maldonado: Chomps rejected Trader Joe's private-label deal to avoid managing two brands
“The specific ask, you know, they wanted us to do a private label product line firm, which would have been a huge undertaking for a small team like ours. It was just me and Rashid working full time, and it was hard enough to manage one brand, and as a private, …”
Pete Maldonado May 2, 2024 ▶ 19:45 Advice Line with Pete Maldonado of Chomps
May 2, 2024 bullish
Opinion
Maldonado: Door-to-door selling is the best route for early food startups
“Knocking on doors is going to be your best bet. Like hands down. I mean, if I could scale that with what I do, I would do that all day long. Cause I'm going to get the sale, man, every time.”
Pete Maldonado May 2, 2024 ▶ 43:59 Advice Line with Pete Maldonado of Chomps
Feb 19, 2026 neutral
Assertion Not checkable as stated
Maldonado: Chomps once received a single purchase order for 1.1 million sticks
“1.1 million sticks. And it was larger than the previous year altogether in a single PO.”
Pete Maldonado Feb 19, 2026 ▶ 47:02 Advice Line with Pete Maldonado and Rashid Ali of Chomps
Feb 19, 2026 neutral
Assertion Not checkable as stated
Maldonado: Co-founder Rashid Ali stayed part-time until Chomps hit $20M revenue
“I went full-time first. I think we were doing in like the four or 500,000 range, and then Rasheed didn't come on until we were doing like twenty million. So it was a big, like, big gap.”
Pete Maldonado Feb 19, 2026 ▶ 42:10 Advice Line with Pete Maldonado and Rashid Ali of Chomps
Feb 19, 2026
Insight
Maldonado: CPG founders must pitch retail buyers on incrementality, not cannibalization
“One of the stories that, that Rashid and I were able to get with chomps, it was from the data that we had was incrementality, meaning we're bringing new customers to the set. You need to be able to find a way to tell that story to the buyer, because they need …”
Pete Maldonado Feb 19, 2026 ▶ 24:39 Advice Line with Pete Maldonado and Rashid Ali of Chomps
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