Seth Goldman

25 statements across 4 episodes · 6 bullish · 2 bearish · 2 people on the record · first statement Jan 16, 2017 by Seth Goldman · said 19 times in 6 episodes since 2017 · across every show →

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

Mentions by year

brought up most by Shazi Visram (12), Ethan Brown (4), Guy Raz (2), Chris Mann (1)

tap a year for its mentions
004182201720182019202020212022episodesmentions
012201720182019202020212022episodes it came up in
004182201720182019202020212022episodesmentions per episode
2022 6 mentions in 2 episodes 3 per episode
2020 7 mentions in 1 episode
2018 1 mention in 1 episode
2017 5 mentions in 2 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Seth Goldman, oldest first

Jan 16, 2017
Assertion Not checkable as stated
Goldman: Major food and beverage companies regularly tried buying Honest Tea
“Really, from the first year, we were, every year or so, we'd be approached by a major food or beverage company that wanted to buy us.”
Seth Goldman Jan 16, 2017 ▶ 17:41 Honest Tea: Seth Goldman
Jan 16, 2017 positive
Insight
Goldman: Lack of beverage experience was a competitive advantage for Honest Tea
“Having zero knowledge of the beverage industry in the beginning was actually a competitive advantage. Because we went in without any of the assumptions.”
Seth Goldman Jan 16, 2017 ▶ 2:53 Honest Tea: Seth Goldman
Jan 16, 2017
Disclosure
Goldman: Honest Tea recalled all product in 2003 over broken glass
“So in 2003 we had a delivery of glass that was faulty. And there were a lot of blisters in the glass. Literally, you could look at it and see little bubbles. And so we ran it on the production line, and the way the line works is that if it ever sees a defect i…”
Seth Goldman Jan 16, 2017 ▶ 15:36 Honest Tea: Seth Goldman
Jan 16, 2017
Disclosure
Goldman: Honest Tea lost several hundred thousand dollars in 2003 recall
“We were doing about 3,000,004 million dollars in sales, and, ah, it totally stopped our sales. So we lost several months of sales. So several 100,000 dollars.”
Seth Goldman Jan 16, 2017 ▶ 16:24 Honest Tea: Seth Goldman
Jan 16, 2017 positive
Insight
Goldman: Structuring founder equity to vest on valuation growth prevents dilution
“What if instead you started the founders at the same place as the other investors, and only when the company grows in value do the founders get more equity? And that's was, it was a reverse structure. And what that did was it helped as we grew and we raised mo…”
Seth Goldman Jan 16, 2017 ▶ 18:36 Honest Tea: Seth Goldman
Jan 16, 2017 negative
Opinion
Goldman: Avoiding VC money helped Honest Tea maintain control
“So a lot of entrepreneurs in the venture capital mode is basically they're incentivized to own more of the company. They're incentivized to exit quickly. And we didn't take that kind of money. And I'm very glad we didn't. I think that was a key piece that let …”
Seth Goldman Jan 16, 2017 ▶ 18:55 Honest Tea: Seth Goldman
Jan 16, 2017
Assertion Supported
Goldman: Honest Tea brewed initial commercial batch using pool filter bags
“We ended up at a plant in Buffalo, New York that was making apple juice. Maybe it was a little down on its luck. It had some line time available, and they said, well, how are you gonna brew the tea leaves? And so we, Brought in these mesh bags, these large mes…”
Seth Goldman Jan 16, 2017 ▶ 8:44 Honest Tea: Seth Goldman
Jan 16, 2017
Disclosure
Goldman: Honest Tea was not profitable until its eighth year
“Weren't profitable until the eighth year or so.”
Seth Goldman Jan 16, 2017 ▶ 16:47 Honest Tea: Seth Goldman
Jan 16, 2017 neutral
Insight
Goldman: 1990s beverages had a gap between high-sugar and zero-calorie
“It was all a hundred calories per eight ounces, and so the difference was fizz or no fizz, color, you know, different names, different bottles, they were almost uniform in their taste profile, their sweetness profile, which was, you know, six or seven teaspoon…”
Seth Goldman Jan 16, 2017 ▶ 2:03 Honest Tea: Seth Goldman
Jan 16, 2017
Disclosure
Goldman: Honest Tea CEO salary stayed under $100k for five years
“My first year salary was at 50,000. Literally, I took that 50,000 dollar check and it was even, it was tax inefficient because I invested in the company and then I paid myself. I don't think I got over a 100,000 and for, probably not for the first five years.”
Seth Goldman Jan 16, 2017 ▶ 17:05 Honest Tea: Seth Goldman
Jan 16, 2017 positive
Assertion Supported
Goldman: Whole Foods bought 15,000 bottles after pitch using empty Snapple bottle
“When I met with the buyer and I, we poured out samples from the thermos, showed him my empty Snapple bottle. [498] Guy Raz: With the Honesty Label on it? [499] Seth Goldman: With the Honesty Label on it, of course. [501] Seth Goldman: And he had said well, lo…”
Seth Goldman Jan 16, 2017 ▶ 8:06 Honest Tea: Seth Goldman
Jun 11, 2018 neutral
Assertion Supported
Goldman: Yale SOM connection secured Honest Tea's first Whole Foods buyer meeting
“The marketing director at Whole Foods, or at that time it was called Freshfields Whole Foods, it was a mid-Atlantic. He was a graduate of the Yale School of Management as well. So he helped me get an appointment with the buyer.”
Seth Goldman Jun 11, 2018 ▶ 6:27 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
Assertion Not checkable as stated
Goldman: Honest Tea lost several hundred thousand dollars in 2003 recall
“Well, we were doing about 3,000,004 million dollars in sales, and it totally stopped our sales. So we lost several months of sales. So several 100,000 dollars.”
Seth Goldman Jun 11, 2018 ▶ 17:18 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
Assertion Supported
Honest Tea was not profitable until its eighth year of operation
“Weren't profitable until the eighth year or so.”
Seth Goldman Jun 11, 2018 ▶ 17:41 Honest Tea: Seth Goldman (2017)
Jun 11, 2018 positive
Disclosure
Goldman: Honest Tea employee sweat equity created multiple millionaires
“Well, to me, what was so exciting was some of our employees were made millionaires as well, and that, to me, was, you know, that was all sweat equity that they earned, so that was especially meaningful.”
Seth Goldman Jun 11, 2018 ▶ 23:06 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
Assertion Supported
Whole Foods ordered 15,000 bottles after Goldman pitched with a thermos
“When I met with the buyer and I, we, Poured out samples from the thermos, showed him my empty Snapple bottle. With the Honesty Label, of course. And he had said well, look, this sounds interesting. We'll give it a try. We'll take 15,000 bottles”
Seth Goldman Jun 11, 2018 ▶ 9:03 Honest Tea: Seth Goldman (2017)
Jun 11, 2018 negative
Assertion Supported
Goldman: 1997 bottled drinks were uniformly high sugar or sugar-free
“It was all a hundred calories per eight ounces, and so the difference was fizz or no fizz, color, you know, different names, different bottles, they were almost uniform in their taste profile, their sweetness profile, which was, you know, six or seven teaspoon…”
Seth Goldman Jun 11, 2018 ▶ 3:00 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
What-if
Goldman: Adding sugar would have accelerated Honest Tea's growth but diluted brand
“Well, there's no question that would have led to faster growth, but it would have diluted what we were building.”
Seth Goldman Jun 11, 2018 ▶ 15:27 Honest Tea: Seth Goldman (2017)
Jun 11, 2018 positive
Insight
Goldman used value-triggered equity grants to prevent founder dilution during fundraising
“He said, but what if instead you started the founders at the same place as the other investors, and only when the company grows in value do the founders get more equity? And that's was, it was a reverse structure. And what that did was it helped as we grew and…”
Seth Goldman Jun 11, 2018 ▶ 19:30 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
Insight
Beverage brands need distributors to defend high-turnover retail shelf space
“Beverages are a high turnover product. And so as soon as a shelf empties of beverages, something takes its place. And so you need a distributor to be there to build and keep the shelf space protected.”
Seth Goldman Jun 11, 2018 ▶ 13:34 Honest Tea: Seth Goldman (2017)
Jun 11, 2018
Assertion Supported
Honest Tea brewed its first batches using large pool filter bags
“So we ended up at a plant in Buffalo, New York that was making apple juice. Maybe it was a little down on its luck. It had some line time available, and they said, well, how are you going to brew the tea leaves? And so we brought in these mesh bags, these larg…”
Seth Goldman Jun 11, 2018 ▶ 9:41 Honest Tea: Seth Goldman (2017)
Jun 11, 2018 positive
Assertion Supported
Early Honest Tea angel investors saw a 26x return over ten years
“That's right, yeah. 26 times their early investment.”
Seth Goldman Jun 11, 2018 ▶ 22:58 Honest Tea: Seth Goldman (2017)
Jan 20, 2020
Assertion Not checkable as stated
Happy Family raised $550k from 36 angels, including Seth Goldman
“I think it was 36 people for 550,000 dollars, and Seth Goldman of Honesty was 2500 dollars.”
Shazi Visram Jan 20, 2020 ▶ 31:02 Happy Family Organics: Shazi Visram
Jan 20, 2020
Assertion Not checkable as stated
Visram: I cold-called Honest Tea founder Seth Goldman
“Like, I cold called Seth Goldman.”
Shazi Visram Jan 20, 2020 ▶ 22:13 Happy Family Organics: Shazi Visram
Jul 4, 2022
Assertion Not checkable as stated
Visram: Happy Family raised $550K seed round across 36 angel investors
“I think it was 36 people for 550,000 dollars, and Seth Goldman of Honesty was 2500 dollars.”
Shazi Visram Jul 4, 2022 ▶ 30:58 Happy Family Organics: Shazi Visram (2020)
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