Sep 2, 2024 · 1h 9m · how-i-built-this

Olipop: Ben Goodwin

Ben Goodwin · 41m spoken Guy Raz · 20m spoken
0:00 / 0:00

gold bands on the timeline = statements, start to end. Hover to read, click to jump. CC turns on captions

In this episode of How I Built This, Guy Raz interviews Olipop co-founder Ben Goodwin about how overcoming personal adversity, conducting DIY fermentation research, and enduring the failure of an earlier startup led him to pioneer a half-billion-dollar prebiotic soda brand.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Guy holds 33.9% of the talking time here. How this is scored →

Guy as informed peer 2.6 Guest teaching 2.3 Guest disagreement 0.2 Guy pushing back 0.4
05100:0015:0030:0045:001:00:000:00–4:35 · Guy as informed peer 0/10 Guy Raz Launches New Newsletter Host intro monologue introducing the episode theme, drawing parallels to James Dyson, and teasing the Olipop narrative without guest interaction.4:35–8:43 · Guy as informed peer 2/10 Ben Goodwin's Childhood and Early Struggles Ben recounts his difficult upbringing and the turning point where he changed his diet and lifestyle. Guy provides supportive, empathetic interview prompts.8:44–10:58 · Guy as informed peer 3/10 College Dropout and the Clif Bar Epiphany Guy notes his personal friendship with Clif Bar founder Gary Erickson and contextualizes the book that inspired Ben to pursue entrepreneurship.10:59–14:10 · Guy as informed peer 4/10 Kombucha Botanica and Gut Microbiome Science Guy displays brewing knowledge about SCOBY and fermentation, while Ben explains the deeper science of the microbiome and the gut-brain axis.14:11–18:32 · Guy as informed peer 3/10 Freelance Product Development and Health Mission Ben educates Guy on water kefir fermentation dynamics and explains why managing complex live cultures is akin to animal husbandry.18:33–21:33 · Guy as informed peer 2/10 Building the DIY Shed Lab with Jim Ladere Ben describes building a DIY microbiology lab in a shed using Ziploc bags and electrostatic guns, trading humorous pop-culture references with Guy.21:34–23:42 · Guy as informed peer 2/10 Four Years of R&D and Breakthrough Batch Ben details the four-year R&D effort and the accidental discovery of a viable batch just as they were packing up the shed lab.23:58–27:20 · Guy as informed peer 2/10 Searching for Partner and Staying Your Size Guy asks how Ben identified a bad partner fit, leading Ben to share philosophical lessons about keeping ego in check and staying one's size.27:21–30:51 · Guy as informed peer 3/10 Teaming Up with David Lester Ben discusses meeting David Lester, pitching him on microbiome health, and developing a custom stevia blend to mask bitterness.30:53–35:04 · Guy as informed peer 2/10 Launching and Selling Obi Probiotic Soda Ben explains the strategy behind Obi soda and reveals the surprising consumer insight that root beer was their biggest seller over fruit flavors.35:04–38:06 · Guy as informed peer 2/10 The Demise of Obi and Key Lessons Guy presses gently on the emotional toll of Obi ending after seven years of work, which Ben reflects on openly.38:09–41:16 · Guy as informed peer 2/10 The Non-Compete Clause and Japan Discoveries Ben explains how a non-compete barred him from probiotics, prompting a trip to Japan where he observed high-fiber functional beverages.41:16–45:03 · Guy as informed peer 4/10 Pivoting to Prebiotics and Reuniting with David Guy outlines the basic definition of prebiotics, and Ben expands on the biological importance of botanical diversity in microbiome feeding.45:20–50:30 · Guy as informed peer 2/10 Kitchen Formulations and Nostalgic Flavor Hooks Ben explains formulating with a SodaStream and designing nostalgic sensory hooks in drinks like tropical punch.50:30–53:34 · Guy as informed peer 2/10 Naming Olipop, Raising Capital, and Market Positioning Ben describes naming the brand after oligosaccharides and capitalizing on the perceived cognitive contradiction of a healthy soda.53:35–57:41 · Guy as informed peer 4/10 Launching in Northern California Grocery Stores Guy asks if Olipop claims to replace whole foods; Ben firmly reframes the criticism, citing national fiber deficiency statistics and comparing it to protein powder.57:41–1:00:06 · Guy as informed peer 3/10 Erewhon Expansion and Mass Retail Strategy Guy assumes Erewhon was targeted for celebrities, but Ben reveals the real strategic motive was attracting mass retail buyers like Walmart.1:00:06–1:06:02 · Guy as informed peer 5/10 Navigating 2020 Pandemic and Consumer Adoption Guy repeatedly presses Ben on whether Olipop will eventually sell out to giants like Coke or Pepsi; Ben artfully dodges and defends remaining independent.1:06:03–1:07:45 · Guy as informed peer 2/10 Reflections on Luck, Resilience, and Growth Ben gives a thoughtful breakdown of how environmental privilege and resilience intersected with sheer luck.0:00–4:35 · Guest teaching 0/10 Guy Raz Launches New Newsletter Host intro monologue introducing the episode theme, drawing parallels to James Dyson, and teasing the Olipop narrative without guest interaction.4:35–8:43 · Guest teaching 1/10 Ben Goodwin's Childhood and Early Struggles Ben recounts his difficult upbringing and the turning point where he changed his diet and lifestyle. Guy provides supportive, empathetic interview prompts.8:44–10:58 · Guest teaching 1/10 College Dropout and the Clif Bar Epiphany Guy notes his personal friendship with Clif Bar founder Gary Erickson and contextualizes the book that inspired Ben to pursue entrepreneurship.10:59–14:10 · Guest teaching 4/10 Kombucha Botanica and Gut Microbiome Science Guy displays brewing knowledge about SCOBY and fermentation, while Ben explains the deeper science of the microbiome and the gut-brain axis.14:11–18:32 · Guest teaching 4/10 Freelance Product Development and Health Mission Ben educates Guy on water kefir fermentation dynamics and explains why managing complex live cultures is akin to animal husbandry.18:33–21:33 · Guest teaching 2/10 Building the DIY Shed Lab with Jim Ladere Ben describes building a DIY microbiology lab in a shed using Ziploc bags and electrostatic guns, trading humorous pop-culture references with Guy.21:34–23:42 · Guest teaching 1/10 Four Years of R&D and Breakthrough Batch Ben details the four-year R&D effort and the accidental discovery of a viable batch just as they were packing up the shed lab.23:58–27:20 · Guest teaching 2/10 Searching for Partner and Staying Your Size Guy asks how Ben identified a bad partner fit, leading Ben to share philosophical lessons about keeping ego in check and staying one's size.27:21–30:51 · Guest teaching 2/10 Teaming Up with David Lester Ben discusses meeting David Lester, pitching him on microbiome health, and developing a custom stevia blend to mask bitterness.30:53–35:04 · Guest teaching 2/10 Launching and Selling Obi Probiotic Soda Ben explains the strategy behind Obi soda and reveals the surprising consumer insight that root beer was their biggest seller over fruit flavors.35:04–38:06 · Guest teaching 1/10 The Demise of Obi and Key Lessons Guy presses gently on the emotional toll of Obi ending after seven years of work, which Ben reflects on openly.38:09–41:16 · Guest teaching 2/10 The Non-Compete Clause and Japan Discoveries Ben explains how a non-compete barred him from probiotics, prompting a trip to Japan where he observed high-fiber functional beverages.41:16–45:03 · Guest teaching 4/10 Pivoting to Prebiotics and Reuniting with David Guy outlines the basic definition of prebiotics, and Ben expands on the biological importance of botanical diversity in microbiome feeding.45:20–50:30 · Guest teaching 2/10 Kitchen Formulations and Nostalgic Flavor Hooks Ben explains formulating with a SodaStream and designing nostalgic sensory hooks in drinks like tropical punch.50:30–53:34 · Guest teaching 2/10 Naming Olipop, Raising Capital, and Market Positioning Ben describes naming the brand after oligosaccharides and capitalizing on the perceived cognitive contradiction of a healthy soda.53:35–57:41 · Guest teaching 6/10 Launching in Northern California Grocery Stores Guy asks if Olipop claims to replace whole foods; Ben firmly reframes the criticism, citing national fiber deficiency statistics and comparing it to protein powder.57:41–1:00:06 · Guest teaching 4/10 Erewhon Expansion and Mass Retail Strategy Guy assumes Erewhon was targeted for celebrities, but Ben reveals the real strategic motive was attracting mass retail buyers like Walmart.1:00:06–1:06:02 · Guest teaching 2/10 Navigating 2020 Pandemic and Consumer Adoption Guy repeatedly presses Ben on whether Olipop will eventually sell out to giants like Coke or Pepsi; Ben artfully dodges and defends remaining independent.1:06:03–1:07:45 · Guest teaching 1/10 Reflections on Luck, Resilience, and Growth Ben gives a thoughtful breakdown of how environmental privilege and resilience intersected with sheer luck.0:00–4:35 · Guest disagreement 0/10 Guy Raz Launches New Newsletter Host intro monologue introducing the episode theme, drawing parallels to James Dyson, and teasing the Olipop narrative without guest interaction.4:35–8:43 · Guest disagreement 0/10 Ben Goodwin's Childhood and Early Struggles Ben recounts his difficult upbringing and the turning point where he changed his diet and lifestyle. Guy provides supportive, empathetic interview prompts.8:44–10:58 · Guest disagreement 0/10 College Dropout and the Clif Bar Epiphany Guy notes his personal friendship with Clif Bar founder Gary Erickson and contextualizes the book that inspired Ben to pursue entrepreneurship.10:59–14:10 · Guest disagreement 0/10 Kombucha Botanica and Gut Microbiome Science Guy displays brewing knowledge about SCOBY and fermentation, while Ben explains the deeper science of the microbiome and the gut-brain axis.14:11–18:32 · Guest disagreement 0/10 Freelance Product Development and Health Mission Ben educates Guy on water kefir fermentation dynamics and explains why managing complex live cultures is akin to animal husbandry.18:33–21:33 · Guest disagreement 0/10 Building the DIY Shed Lab with Jim Ladere Ben describes building a DIY microbiology lab in a shed using Ziploc bags and electrostatic guns, trading humorous pop-culture references with Guy.21:34–23:42 · Guest disagreement 0/10 Four Years of R&D and Breakthrough Batch Ben details the four-year R&D effort and the accidental discovery of a viable batch just as they were packing up the shed lab.23:58–27:20 · Guest disagreement 0/10 Searching for Partner and Staying Your Size Guy asks how Ben identified a bad partner fit, leading Ben to share philosophical lessons about keeping ego in check and staying one's size.27:21–30:51 · Guest disagreement 0/10 Teaming Up with David Lester Ben discusses meeting David Lester, pitching him on microbiome health, and developing a custom stevia blend to mask bitterness.30:53–35:04 · Guest disagreement 0/10 Launching and Selling Obi Probiotic Soda Ben explains the strategy behind Obi soda and reveals the surprising consumer insight that root beer was their biggest seller over fruit flavors.35:04–38:06 · Guest disagreement 0/10 The Demise of Obi and Key Lessons Guy presses gently on the emotional toll of Obi ending after seven years of work, which Ben reflects on openly.38:09–41:16 · Guest disagreement 0/10 The Non-Compete Clause and Japan Discoveries Ben explains how a non-compete barred him from probiotics, prompting a trip to Japan where he observed high-fiber functional beverages.41:16–45:03 · Guest disagreement 0/10 Pivoting to Prebiotics and Reuniting with David Guy outlines the basic definition of prebiotics, and Ben expands on the biological importance of botanical diversity in microbiome feeding.45:20–50:30 · Guest disagreement 0/10 Kitchen Formulations and Nostalgic Flavor Hooks Ben explains formulating with a SodaStream and designing nostalgic sensory hooks in drinks like tropical punch.50:30–53:34 · Guest disagreement 0/10 Naming Olipop, Raising Capital, and Market Positioning Ben describes naming the brand after oligosaccharides and capitalizing on the perceived cognitive contradiction of a healthy soda.53:35–57:41 · Guest disagreement 1/10 Launching in Northern California Grocery Stores Guy asks if Olipop claims to replace whole foods; Ben firmly reframes the criticism, citing national fiber deficiency statistics and comparing it to protein powder.57:41–1:00:06 · Guest disagreement 0/10 Erewhon Expansion and Mass Retail Strategy Guy assumes Erewhon was targeted for celebrities, but Ben reveals the real strategic motive was attracting mass retail buyers like Walmart.1:00:06–1:06:02 · Guest disagreement 3/10 Navigating 2020 Pandemic and Consumer Adoption Guy repeatedly presses Ben on whether Olipop will eventually sell out to giants like Coke or Pepsi; Ben artfully dodges and defends remaining independent.1:06:03–1:07:45 · Guest disagreement 0/10 Reflections on Luck, Resilience, and Growth Ben gives a thoughtful breakdown of how environmental privilege and resilience intersected with sheer luck.0:00–4:35 · Guy pushing back 0/10 Guy Raz Launches New Newsletter Host intro monologue introducing the episode theme, drawing parallels to James Dyson, and teasing the Olipop narrative without guest interaction.4:35–8:43 · Guy pushing back 0/10 Ben Goodwin's Childhood and Early Struggles Ben recounts his difficult upbringing and the turning point where he changed his diet and lifestyle. Guy provides supportive, empathetic interview prompts.8:44–10:58 · Guy pushing back 0/10 College Dropout and the Clif Bar Epiphany Guy notes his personal friendship with Clif Bar founder Gary Erickson and contextualizes the book that inspired Ben to pursue entrepreneurship.10:59–14:10 · Guy pushing back 0/10 Kombucha Botanica and Gut Microbiome Science Guy displays brewing knowledge about SCOBY and fermentation, while Ben explains the deeper science of the microbiome and the gut-brain axis.14:11–18:32 · Guy pushing back 0/10 Freelance Product Development and Health Mission Ben educates Guy on water kefir fermentation dynamics and explains why managing complex live cultures is akin to animal husbandry.18:33–21:33 · Guy pushing back 0/10 Building the DIY Shed Lab with Jim Ladere Ben describes building a DIY microbiology lab in a shed using Ziploc bags and electrostatic guns, trading humorous pop-culture references with Guy.21:34–23:42 · Guy pushing back 0/10 Four Years of R&D and Breakthrough Batch Ben details the four-year R&D effort and the accidental discovery of a viable batch just as they were packing up the shed lab.23:58–27:20 · Guy pushing back 0/10 Searching for Partner and Staying Your Size Guy asks how Ben identified a bad partner fit, leading Ben to share philosophical lessons about keeping ego in check and staying one's size.27:21–30:51 · Guy pushing back 0/10 Teaming Up with David Lester Ben discusses meeting David Lester, pitching him on microbiome health, and developing a custom stevia blend to mask bitterness.30:53–35:04 · Guy pushing back 0/10 Launching and Selling Obi Probiotic Soda Ben explains the strategy behind Obi soda and reveals the surprising consumer insight that root beer was their biggest seller over fruit flavors.35:04–38:06 · Guy pushing back 0/10 The Demise of Obi and Key Lessons Guy presses gently on the emotional toll of Obi ending after seven years of work, which Ben reflects on openly.38:09–41:16 · Guy pushing back 0/10 The Non-Compete Clause and Japan Discoveries Ben explains how a non-compete barred him from probiotics, prompting a trip to Japan where he observed high-fiber functional beverages.41:16–45:03 · Guy pushing back 0/10 Pivoting to Prebiotics and Reuniting with David Guy outlines the basic definition of prebiotics, and Ben expands on the biological importance of botanical diversity in microbiome feeding.45:20–50:30 · Guy pushing back 0/10 Kitchen Formulations and Nostalgic Flavor Hooks Ben explains formulating with a SodaStream and designing nostalgic sensory hooks in drinks like tropical punch.50:30–53:34 · Guy pushing back 0/10 Naming Olipop, Raising Capital, and Market Positioning Ben describes naming the brand after oligosaccharides and capitalizing on the perceived cognitive contradiction of a healthy soda.53:35–57:41 · Guy pushing back 2/10 Launching in Northern California Grocery Stores Guy asks if Olipop claims to replace whole foods; Ben firmly reframes the criticism, citing national fiber deficiency statistics and comparing it to protein powder.57:41–1:00:06 · Guy pushing back 0/10 Erewhon Expansion and Mass Retail Strategy Guy assumes Erewhon was targeted for celebrities, but Ben reveals the real strategic motive was attracting mass retail buyers like Walmart.1:00:06–1:06:02 · Guy pushing back 5/10 Navigating 2020 Pandemic and Consumer Adoption Guy repeatedly presses Ben on whether Olipop will eventually sell out to giants like Coke or Pepsi; Ben artfully dodges and defends remaining independent.1:06:03–1:07:45 · Guy pushing back 0/10 Reflections on Luck, Resilience, and Growth Ben gives a thoughtful breakdown of how environmental privilege and resilience intersected with sheer luck.

speaking balance: gold is Guy, purple is the guest (3 minute bins)

0:00 · Guy 77.9% · guest 22.1%0:00 · Guy 77.9% · guest 22.1%3:00 · Guy 66.5% · guest 33.5%3:00 · Guy 66.5% · guest 33.5%6:00 · Guy 14.2% · guest 85.8%6:00 · Guy 14.2% · guest 85.8%9:00 · Guy 26.9% · guest 73.1%9:00 · Guy 26.9% · guest 73.1%12:00 · Guy 38.3% · guest 61.7%12:00 · Guy 38.3% · guest 61.7%15:00 · Guy 22.5% · guest 77.5%15:00 · Guy 22.5% · guest 77.5%18:00 · Guy 5.3% · guest 94.7%18:00 · Guy 5.3% · guest 94.7%21:00 · Guy 36.3% · guest 63.7%21:00 · Guy 36.3% · guest 63.7%24:00 · Guy 21.8% · guest 78.2%24:00 · Guy 21.8% · guest 78.2%27:00 · Guy 17.6% · guest 82.4%27:00 · Guy 17.6% · guest 82.4%30:00 · Guy 29.5% · guest 70.5%30:00 · Guy 29.5% · guest 70.5%33:00 · Guy 28.6% · guest 71.4%33:00 · Guy 28.6% · guest 71.4%36:00 · Guy 33.5% · guest 66.5%36:00 · Guy 33.5% · guest 66.5%39:00 · Guy 31.6% · guest 68.4%39:00 · Guy 31.6% · guest 68.4%42:00 · Guy 21.3% · guest 78.7%42:00 · Guy 21.3% · guest 78.7%45:00 · Guy 51.2% · guest 48.8%45:00 · Guy 51.2% · guest 48.8%48:00 · Guy 29.7% · guest 70.3%48:00 · Guy 29.7% · guest 70.3%51:00 · Guy 39.9% · guest 60.1%51:00 · Guy 39.9% · guest 60.1%54:00 · Guy 25.4% · guest 74.6%54:00 · Guy 25.4% · guest 74.6%57:00 · Guy 40.9% · guest 59.1%57:00 · Guy 40.9% · guest 59.1%1:00:00 · Guy 32.2% · guest 67.8%1:00:00 · Guy 32.2% · guest 67.8%1:03:00 · Guy 38.8% · guest 61.2%1:03:00 · Guy 38.8% · guest 61.2%1:06:00 · Guy 55.3% · guest 44.7%1:06:00 · Guy 55.3% · guest 44.7%1:09:00 · Guy 0% · guest 0%1:09:00 · Guy 0% · guest 0%
Sharpest disagreement ▶ 1:04:54 Artfully dodging the buyout premise

Ben playfully yet firmly rejects Guy's premise that selling to Coke or Pepsi is the obvious end goal, openly declaring his intent to dodge the question and preserve independence.

Hardest push from Guy ▶ 1:04:50 Pressing on corporate acquisition

Guy refuses to let Ben avoid the exit question, citing precedent like Coke acquiring Topo Chico and Honest Tea and insisting a huge payout is inevitable.

Biggest teaching moment ▶ 56:30 Deconstructing the whole-food replacement myth

Ben thoroughly educates Guy and counters media critics by quoting FDA and WHO fiber guidelines, pointing out that 90% of Americans are fiber deficient and equating fiber soda to protein powder.

Guy holds their own ▶ 1:04:50 Citing beverage conglomerate acquisitions

Guy demonstrates detailed industry acumen by mapping out how conglomerates scale niche brands and specifically citing Coca-Cola's handling of Topo Chico and Honest Tea.

the scores for every segment, with the reasoning behind each
ChapterTopicGuy as informed peerGuest teachingGuest disagreementGuy pushing backWhy
Guy Raz Launches New Newsletter 0000 Host intro monologue introducing the episode theme, drawing parallels to James Dyson, and teasing the Olipop narrative without guest interaction.
Ben Goodwin's Childhood and Early Struggles 2100 Ben recounts his difficult upbringing and the turning point where he changed his diet and lifestyle. Guy provides supportive, empathetic interview prompts.
College Dropout and the Clif Bar Epiphany 3100 Guy notes his personal friendship with Clif Bar founder Gary Erickson and contextualizes the book that inspired Ben to pursue entrepreneurship.
Kombucha Botanica and Gut Microbiome Science 4400 Guy displays brewing knowledge about SCOBY and fermentation, while Ben explains the deeper science of the microbiome and the gut-brain axis.
Freelance Product Development and Health Mission 3400 Ben educates Guy on water kefir fermentation dynamics and explains why managing complex live cultures is akin to animal husbandry.
Building the DIY Shed Lab with Jim Ladere 2200 Ben describes building a DIY microbiology lab in a shed using Ziploc bags and electrostatic guns, trading humorous pop-culture references with Guy.
Four Years of R&D and Breakthrough Batch 2100 Ben details the four-year R&D effort and the accidental discovery of a viable batch just as they were packing up the shed lab.
Searching for Partner and Staying Your Size 2200 Guy asks how Ben identified a bad partner fit, leading Ben to share philosophical lessons about keeping ego in check and staying one's size.
Teaming Up with David Lester 3200 Ben discusses meeting David Lester, pitching him on microbiome health, and developing a custom stevia blend to mask bitterness.
Launching and Selling Obi Probiotic Soda 2200 Ben explains the strategy behind Obi soda and reveals the surprising consumer insight that root beer was their biggest seller over fruit flavors.
The Demise of Obi and Key Lessons 2100 Guy presses gently on the emotional toll of Obi ending after seven years of work, which Ben reflects on openly.
The Non-Compete Clause and Japan Discoveries 2200 Ben explains how a non-compete barred him from probiotics, prompting a trip to Japan where he observed high-fiber functional beverages.
Pivoting to Prebiotics and Reuniting with David 4400 Guy outlines the basic definition of prebiotics, and Ben expands on the biological importance of botanical diversity in microbiome feeding.
Kitchen Formulations and Nostalgic Flavor Hooks 2200 Ben explains formulating with a SodaStream and designing nostalgic sensory hooks in drinks like tropical punch.
Naming Olipop, Raising Capital, and Market Positioning 2200 Ben describes naming the brand after oligosaccharides and capitalizing on the perceived cognitive contradiction of a healthy soda.
Launching in Northern California Grocery Stores 4612 Guy asks if Olipop claims to replace whole foods; Ben firmly reframes the criticism, citing national fiber deficiency statistics and comparing it to protein powder.
Erewhon Expansion and Mass Retail Strategy 3400 Guy assumes Erewhon was targeted for celebrities, but Ben reveals the real strategic motive was attracting mass retail buyers like Walmart.
Navigating 2020 Pandemic and Consumer Adoption 5235 Guy repeatedly presses Ben on whether Olipop will eventually sell out to giants like Coke or Pepsi; Ben artfully dodges and defends remaining independent.
Reflections on Luck, Resilience, and Growth 2100 Ben gives a thoughtful breakdown of how environmental privilege and resilience intersected with sheer luck.

Statements from this episode (22)

Assertion Partly supported
Ben Goodwin: The microbiome produces the majority of human neurotransmitters
“So, we produce the majority of our hormones and our neurotransmitters in our microbiome. Those have a marked impact on how we feel, on how we think, and that's powerful.”
Ben Goodwin Sep 2, 2024 ▶ 13:50
Insight
Ben Goodwin: Scaling complex beverage fermentation is like animal husbandry
“Fermentation, especially fermentation that's this complex, is it's more like animal husbandry than anything else. You know, you basically have these different microorganisms, and they've gotta eat correctly, and they've gotta rest correctly, And they've got to…”
Ben Goodwin Sep 2, 2024 ▶ 17:42
Insight
Ben Goodwin: Electrostatic guns and Ziploc bags create low-cost bioreactors
“You buy a bunch of Ziploc bags, because they're pre-sterilized. And you get an electrostatic gun, and you run the electrostatic gun over the Ziploc bags to create micro punctures. So all of a sudden you create this sterilized breathable membrane, and then you …”
Ben Goodwin Sep 2, 2024 ▶ 20:11
Disclosure
Ben Goodwin spent $300K to $350K of his own money on R&D
“And I would say I probably spent about Three to 350,000 dollars out of my own, almost entirely out of my own pocket over that, those four years.”
Ben Goodwin Sep 2, 2024 ▶ 21:54
Insight
Goodwin: Startup co-founders must share identical, merciless obsession with the mission
“You really do need someone just mercilessly obsessed as you are on, on what's important about what you're doing, right? They can't have a problem rolling their sleeves up. You're co-pilots together in a plane that barely flies that's going a thousand miles an …”
Ben Goodwin Sep 2, 2024 ▶ 25:43
Insight
Ben Goodwin: Investors prefer clear founder archetypes like 'mad scientist'
“I think that people really love to create categorizations for other folks, so it allowed people to put me in the, oh yeah, he's the kind of brilliant, mad scientist-y guy, and here's the kind of corporate guy, and they, it allowed them to categorize us in a wa…”
Ben Goodwin Sep 2, 2024 ▶ 29:30
Disclosure
Goodwin: Formulated Custom Stevia Blend Due to Inadequate Commercial Options
“I developed my own stevia blend to sweeten the drink with, because I didn't like any of the technology that was on the market.”
Ben Goodwin Sep 2, 2024 ▶ 30:17
Disclosure
Goodwin: Obi raised about $900,000 in its initial funding round
“Eventually the first chunk of funding, I think we raised about 900 K in our first, on our first go, and it was just this assorted network that we had built up enough rapport with”
Ben Goodwin Sep 2, 2024 ▶ 31:28
Assertion Supported
Goodwin: Soda is a $42B US industry with 97% household penetration
“It's a forty two billion dollar industry with 97% household penetration. It's an absolute legacy product in the United States.”
Ben Goodwin Sep 2, 2024 ▶ 34:13
Assertion Not checkable as stated
Goodwin: Obi reached about $1 million in revenue after two years
“After that kind of, you know, two-ish years, we were up at about a million bucks in revenue, and really, yeah, we were checking along.”
Ben Goodwin Sep 2, 2024 ▶ 35:44
Disclosure
Ben Goodwin signed non-compete barring him from probiotics after Obi
“I basically signed a document saying I wouldn't go back into probiotics.”
Ben Goodwin Sep 2, 2024 ▶ 38:29
Disclosure
Goodwin: Obi payout was enough to live on and launch Olipop
“We made enough that we were able to live off of that and use it to start Olipop”
Ben Goodwin Sep 2, 2024 ▶ 39:15
Insight
Goodwin: Overfeeding one gut bacteria strain creates microbiome imbalances
“If you are trying to benefit the microbiome, you want to bring up multiple strains of beneficial bacteria simultaneously. If you overfeed One strain. You actually can just create a new imbalance.”
Ben Goodwin Sep 2, 2024 ▶ 42:59
Insight
Goodwin: Consumers will not switch beverage habits without leading with flavor
“Good, good luck trying to get a bunch of people to switch their behavior if something doesn't lead with delicious flavor. And when we Talk to our consumers and try to figure out, hey, what's contributed to our kind of growth and the high level of kind of advoc…”
Ben Goodwin Sep 2, 2024 ▶ 48:40
Insight
Ben Goodwin: Contradictory branding like 'healthy soda' creates mental stickiness
“That contradiction creates mental stickiness because you look at it and you go like healthy soda. I don't really, Is, yes, no, I don't know. Like, and then, ok, cute packaging though, I'll try it. Oh my god, it tastes great. Oh, I look at the, then I look at t…”
Ben Goodwin Sep 2, 2024 ▶ 53:02
Assertion Not checkable as stated
Ben Goodwin: Walmart approached Olipop 18 months before it was ready
“Walmart's one of our biggest customers now, but they approached us to go into the stores about 18 months before we felt ready to do it.”
Ben Goodwin Sep 2, 2024 ▶ 59:07
Insight
Ben Goodwin: Over-optimizing for natural grocers hurts a brand's mainstream expansion
“Because I think a lot of times brands from a advertising perspective and a flavor profile perspective will Over will over leverage their product to be successful in the natural channel, and then it really struggles to gain traction in mainstream channels.”
Ben Goodwin Sep 2, 2024 ▶ 59:46
Assertion Not checkable as stated
Goodwin: 2020 Pandemic Shifted Olipop Customers to Multi-Can Weekly Stockups
“It turned out that for those customers that had discovered us and basically were falling in love with the brand, they were already considering it in an essential shop for the week. So people weren't just going in and grabbing a can. They were going in and grab…”
Ben Goodwin Sep 2, 2024 ▶ 1:00:55
Assertion Not checkable as stated
Ben Goodwin: Olipop has been profitable every month in 2024
“We have been profitable every month this year, and we'll be profitable through the year.”
Ben Goodwin Sep 2, 2024 ▶ 1:01:33
Assertion Not checkable as stated
Ben Goodwin: Olipop achieved triple-digit revenue growth every year since inception
“We have had triple digit growth every year since inception. In fact, in 2020, we almost had quadruple digit growth.”
Ben Goodwin Sep 2, 2024 ▶ 1:02:14
Assertion Partly supported
Ben Goodwin: Gen Z traditional soda consumption dropped 60% over 10 years
“And over the last 10 years, there's been a 60% reduction in let's call it Gen Z, Gen Alpha traditional soda consumption.”
Ben Goodwin Sep 2, 2024 ▶ 1:03:24
Disclosure
Ben Goodwin: Olipop has no plans to sell; investors feel no pressure
“What's nice is with the way that we're growing I have no plans to sell the company right now. So I'm fortunate that I don't, we don't feel a lot of pressure from our investors because they're all so up on their money already.”
Ben Goodwin Sep 2, 2024 ▶ 1:05:40
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