Apr 17, 2023 · 1h 14m · how-i-built-this

Halo Top Ice Cream: Justin Woolverton

Justin Woolverton · 41m spoken Guy Raz · 24m 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, host Guy Raz interviews Justin Woolverton, tracing how a disillusioned corporate lawyer invented Halo Top ice cream in his kitchen and scaled it into America's best-selling ice cream pint before selling the company to Wells Enterprises.

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 36.8% of the talking time here. How this is scored →

Guy as informed peer 5.1 Guest teaching 3.5 Guest disagreement 1.4 Guy pushing back 2.5
05100:0015:0030:0045:001:00:004:10–8:26 · Guy as informed peer 5/10 Legal Education, Student Debt, and Corporate Firm Disillusionment Guy displays familiarity with high-stakes corporate law firm culture and partner dynamics, even bringing up the classic industry joke about the partner prize being 'more pie/cake to eat'. Justin candidly agrees and details his disillusionment with corporate litigation.8:27–11:15 · Guy as informed peer 4/10 Creative Detours: Stand-Up Comedy and Spec Script Writing Guy playfully questions Justin's creative side ventures in stand-up comedy and spec scripts as a practical career pivot. Justin self-deprecatingly admits his comedy material was terrible.11:17–15:00 · Guy as informed peer 4/10 Dietary Shifts and Kitchen Experiments with Greek Yogurt Guy probes how Justin transitioned from casual dietary management to freezing Greek yogurt at home, pointing out the freezing issues. Justin explains how plain Greek yogurt sweetened with stevia laid the groundwork for Halo Top.15:01–19:08 · Guy as informed peer 4/10 The First Churn, Market Validation, and Eden Creamery Formation Guy expresses skepticism about the initial taste and explicitly calls founding an ice cream business within three days 'delusional'. Justin readily agrees with the characterization, attributing it to extreme beginner naivety.19:21–23:40 · Guy as informed peer 6/10 Industrial Co-Packing Struggles and The Van Nuys Factory Disaster Guy shows solid culinary knowledge regarding egg yolks providing creaminess in ice cream recipes and questions why the pilot run failed on industrial machines. Justin explains the functional emulsification properties of egg whites and the lack of solids in the initial formula.23:40–27:38 · Guy as informed peer 6/10 Mastering Food Science, Solids Chemistry, and Formula Tweaks Justin educates Guy on ice cream physical chemistry, detailing why eliminating sugar strips solids and ruins texture without freezing point depression. Guy demonstrates his own technical grasp by mentioning alcohol's effect on freezing points.27:39–32:10 · Guy as informed peer 5/10 Pitching Erewhon, In-Store Demos, and Securing Bristol Farms Guy inquires about the retail launch mechanics and calorie differential compared to legacy ice cream pints. Justin explains how hand-delivering coolers allowed him to win over Erewhon and leverage Bristol Farms to secure wholesale distribution.32:11–37:23 · Guy as informed peer 6/10 Partnering with Doug Boughton, Cease and Desist, and Halo Top Rebrand Guy presses Justin on how an experienced attorney could fail to perform a basic trademark check before choosing the name Eden. Justin admits it was an embarrassing and costly oversight that forced a complete rebrand to Halo Top.37:24–44:58 · Guy as informed peer 5/10 Cal Poly Dairy Reformulation, Cash Crunch, and Sprouts Setback Guy pushes on the severity of losing Sprouts and examines the cash flow crisis that nearly forced Justin into predatory VC terms. Justin details reformulating at Cal Poly to satisfy Whole Foods clean label rules while maintaining stability.44:59–47:46 · Guy as informed peer 4/10 Micro-Targeted Digital Ads and The Anticipation of the GQ Article Guy explores the early micro-targeting ad strategy on social media before the viral GQ breakthrough. Justin explains how targeting health-conscious demographics drove grassroots momentum.48:03–54:16 · Guy as informed peer 5/10 The Viral GQ Diet, 2,500% Sales Growth, and Supply Chain Strain Guy and Justin discuss the unprecedented 2,500% sales explosion triggered by Shane Snow's GQ diet article. Justin explains the extreme operational strain of grocers lacking cold storage capacity for daily pint shoppers.54:19–1:00:51 · Guy as informed peer 6/10 Becoming #1 Ice Cream in America, Brand Fatigue, and Copycats Guy notes the cultural polarization of diet ice cream and jokingly challenges pint serving size guidelines. Justin vents intense frustration at private label copycats replicating his product formulation.1:00:51–1:08:53 · Guy as informed peer 6/10 VC Pressure, Overwhelming Founder Burnout, and Acquisition by Wells Guy distinguishes Wells Enterprises' Blue Bunny from Blue Bell and explores the decline in sales prior to acquisition. Justin explains how profound founder burnout led him to insist on an immediate 100% cash exit with no earnout.4:10–8:26 · Guest teaching 2/10 Legal Education, Student Debt, and Corporate Firm Disillusionment Guy displays familiarity with high-stakes corporate law firm culture and partner dynamics, even bringing up the classic industry joke about the partner prize being 'more pie/cake to eat'. Justin candidly agrees and details his disillusionment with corporate litigation.8:27–11:15 · Guest teaching 1/10 Creative Detours: Stand-Up Comedy and Spec Script Writing Guy playfully questions Justin's creative side ventures in stand-up comedy and spec scripts as a practical career pivot. Justin self-deprecatingly admits his comedy material was terrible.11:17–15:00 · Guest teaching 3/10 Dietary Shifts and Kitchen Experiments with Greek Yogurt Guy probes how Justin transitioned from casual dietary management to freezing Greek yogurt at home, pointing out the freezing issues. Justin explains how plain Greek yogurt sweetened with stevia laid the groundwork for Halo Top.15:01–19:08 · Guest teaching 3/10 The First Churn, Market Validation, and Eden Creamery Formation Guy expresses skepticism about the initial taste and explicitly calls founding an ice cream business within three days 'delusional'. Justin readily agrees with the characterization, attributing it to extreme beginner naivety.19:21–23:40 · Guest teaching 5/10 Industrial Co-Packing Struggles and The Van Nuys Factory Disaster Guy shows solid culinary knowledge regarding egg yolks providing creaminess in ice cream recipes and questions why the pilot run failed on industrial machines. Justin explains the functional emulsification properties of egg whites and the lack of solids in the initial formula.23:40–27:38 · Guest teaching 6/10 Mastering Food Science, Solids Chemistry, and Formula Tweaks Justin educates Guy on ice cream physical chemistry, detailing why eliminating sugar strips solids and ruins texture without freezing point depression. Guy demonstrates his own technical grasp by mentioning alcohol's effect on freezing points.27:39–32:10 · Guest teaching 4/10 Pitching Erewhon, In-Store Demos, and Securing Bristol Farms Guy inquires about the retail launch mechanics and calorie differential compared to legacy ice cream pints. Justin explains how hand-delivering coolers allowed him to win over Erewhon and leverage Bristol Farms to secure wholesale distribution.32:11–37:23 · Guest teaching 3/10 Partnering with Doug Boughton, Cease and Desist, and Halo Top Rebrand Guy presses Justin on how an experienced attorney could fail to perform a basic trademark check before choosing the name Eden. Justin admits it was an embarrassing and costly oversight that forced a complete rebrand to Halo Top.37:24–44:58 · Guest teaching 4/10 Cal Poly Dairy Reformulation, Cash Crunch, and Sprouts Setback Guy pushes on the severity of losing Sprouts and examines the cash flow crisis that nearly forced Justin into predatory VC terms. Justin details reformulating at Cal Poly to satisfy Whole Foods clean label rules while maintaining stability.44:59–47:46 · Guest teaching 3/10 Micro-Targeted Digital Ads and The Anticipation of the GQ Article Guy explores the early micro-targeting ad strategy on social media before the viral GQ breakthrough. Justin explains how targeting health-conscious demographics drove grassroots momentum.48:03–54:16 · Guest teaching 4/10 The Viral GQ Diet, 2,500% Sales Growth, and Supply Chain Strain Guy and Justin discuss the unprecedented 2,500% sales explosion triggered by Shane Snow's GQ diet article. Justin explains the extreme operational strain of grocers lacking cold storage capacity for daily pint shoppers.54:19–1:00:51 · Guest teaching 4/10 Becoming #1 Ice Cream in America, Brand Fatigue, and Copycats Guy notes the cultural polarization of diet ice cream and jokingly challenges pint serving size guidelines. Justin vents intense frustration at private label copycats replicating his product formulation.1:00:51–1:08:53 · Guest teaching 3/10 VC Pressure, Overwhelming Founder Burnout, and Acquisition by Wells Guy distinguishes Wells Enterprises' Blue Bunny from Blue Bell and explores the decline in sales prior to acquisition. Justin explains how profound founder burnout led him to insist on an immediate 100% cash exit with no earnout.4:10–8:26 · Guest disagreement 1/10 Legal Education, Student Debt, and Corporate Firm Disillusionment Guy displays familiarity with high-stakes corporate law firm culture and partner dynamics, even bringing up the classic industry joke about the partner prize being 'more pie/cake to eat'. Justin candidly agrees and details his disillusionment with corporate litigation.8:27–11:15 · Guest disagreement 1/10 Creative Detours: Stand-Up Comedy and Spec Script Writing Guy playfully questions Justin's creative side ventures in stand-up comedy and spec scripts as a practical career pivot. Justin self-deprecatingly admits his comedy material was terrible.11:17–15:00 · Guest disagreement 1/10 Dietary Shifts and Kitchen Experiments with Greek Yogurt Guy probes how Justin transitioned from casual dietary management to freezing Greek yogurt at home, pointing out the freezing issues. Justin explains how plain Greek yogurt sweetened with stevia laid the groundwork for Halo Top.15:01–19:08 · Guest disagreement 2/10 The First Churn, Market Validation, and Eden Creamery Formation Guy expresses skepticism about the initial taste and explicitly calls founding an ice cream business within three days 'delusional'. Justin readily agrees with the characterization, attributing it to extreme beginner naivety.19:21–23:40 · Guest disagreement 1/10 Industrial Co-Packing Struggles and The Van Nuys Factory Disaster Guy shows solid culinary knowledge regarding egg yolks providing creaminess in ice cream recipes and questions why the pilot run failed on industrial machines. Justin explains the functional emulsification properties of egg whites and the lack of solids in the initial formula.23:40–27:38 · Guest disagreement 1/10 Mastering Food Science, Solids Chemistry, and Formula Tweaks Justin educates Guy on ice cream physical chemistry, detailing why eliminating sugar strips solids and ruins texture without freezing point depression. Guy demonstrates his own technical grasp by mentioning alcohol's effect on freezing points.27:39–32:10 · Guest disagreement 1/10 Pitching Erewhon, In-Store Demos, and Securing Bristol Farms Guy inquires about the retail launch mechanics and calorie differential compared to legacy ice cream pints. Justin explains how hand-delivering coolers allowed him to win over Erewhon and leverage Bristol Farms to secure wholesale distribution.32:11–37:23 · Guest disagreement 2/10 Partnering with Doug Boughton, Cease and Desist, and Halo Top Rebrand Guy presses Justin on how an experienced attorney could fail to perform a basic trademark check before choosing the name Eden. Justin admits it was an embarrassing and costly oversight that forced a complete rebrand to Halo Top.37:24–44:58 · Guest disagreement 2/10 Cal Poly Dairy Reformulation, Cash Crunch, and Sprouts Setback Guy pushes on the severity of losing Sprouts and examines the cash flow crisis that nearly forced Justin into predatory VC terms. Justin details reformulating at Cal Poly to satisfy Whole Foods clean label rules while maintaining stability.44:59–47:46 · Guest disagreement 1/10 Micro-Targeted Digital Ads and The Anticipation of the GQ Article Guy explores the early micro-targeting ad strategy on social media before the viral GQ breakthrough. Justin explains how targeting health-conscious demographics drove grassroots momentum.48:03–54:16 · Guest disagreement 1/10 The Viral GQ Diet, 2,500% Sales Growth, and Supply Chain Strain Guy and Justin discuss the unprecedented 2,500% sales explosion triggered by Shane Snow's GQ diet article. Justin explains the extreme operational strain of grocers lacking cold storage capacity for daily pint shoppers.54:19–1:00:51 · Guest disagreement 2/10 Becoming #1 Ice Cream in America, Brand Fatigue, and Copycats Guy notes the cultural polarization of diet ice cream and jokingly challenges pint serving size guidelines. Justin vents intense frustration at private label copycats replicating his product formulation.1:00:51–1:08:53 · Guest disagreement 2/10 VC Pressure, Overwhelming Founder Burnout, and Acquisition by Wells Guy distinguishes Wells Enterprises' Blue Bunny from Blue Bell and explores the decline in sales prior to acquisition. Justin explains how profound founder burnout led him to insist on an immediate 100% cash exit with no earnout.4:10–8:26 · Guy pushing back 1/10 Legal Education, Student Debt, and Corporate Firm Disillusionment Guy displays familiarity with high-stakes corporate law firm culture and partner dynamics, even bringing up the classic industry joke about the partner prize being 'more pie/cake to eat'. Justin candidly agrees and details his disillusionment with corporate litigation.8:27–11:15 · Guy pushing back 1/10 Creative Detours: Stand-Up Comedy and Spec Script Writing Guy playfully questions Justin's creative side ventures in stand-up comedy and spec scripts as a practical career pivot. Justin self-deprecatingly admits his comedy material was terrible.11:17–15:00 · Guy pushing back 2/10 Dietary Shifts and Kitchen Experiments with Greek Yogurt Guy probes how Justin transitioned from casual dietary management to freezing Greek yogurt at home, pointing out the freezing issues. Justin explains how plain Greek yogurt sweetened with stevia laid the groundwork for Halo Top.15:01–19:08 · Guy pushing back 4/10 The First Churn, Market Validation, and Eden Creamery Formation Guy expresses skepticism about the initial taste and explicitly calls founding an ice cream business within three days 'delusional'. Justin readily agrees with the characterization, attributing it to extreme beginner naivety.19:21–23:40 · Guy pushing back 3/10 Industrial Co-Packing Struggles and The Van Nuys Factory Disaster Guy shows solid culinary knowledge regarding egg yolks providing creaminess in ice cream recipes and questions why the pilot run failed on industrial machines. Justin explains the functional emulsification properties of egg whites and the lack of solids in the initial formula.23:40–27:38 · Guy pushing back 2/10 Mastering Food Science, Solids Chemistry, and Formula Tweaks Justin educates Guy on ice cream physical chemistry, detailing why eliminating sugar strips solids and ruins texture without freezing point depression. Guy demonstrates his own technical grasp by mentioning alcohol's effect on freezing points.27:39–32:10 · Guy pushing back 2/10 Pitching Erewhon, In-Store Demos, and Securing Bristol Farms Guy inquires about the retail launch mechanics and calorie differential compared to legacy ice cream pints. Justin explains how hand-delivering coolers allowed him to win over Erewhon and leverage Bristol Farms to secure wholesale distribution.32:11–37:23 · Guy pushing back 5/10 Partnering with Doug Boughton, Cease and Desist, and Halo Top Rebrand Guy presses Justin on how an experienced attorney could fail to perform a basic trademark check before choosing the name Eden. Justin admits it was an embarrassing and costly oversight that forced a complete rebrand to Halo Top.37:24–44:58 · Guy pushing back 4/10 Cal Poly Dairy Reformulation, Cash Crunch, and Sprouts Setback Guy pushes on the severity of losing Sprouts and examines the cash flow crisis that nearly forced Justin into predatory VC terms. Justin details reformulating at Cal Poly to satisfy Whole Foods clean label rules while maintaining stability.44:59–47:46 · Guy pushing back 1/10 Micro-Targeted Digital Ads and The Anticipation of the GQ Article Guy explores the early micro-targeting ad strategy on social media before the viral GQ breakthrough. Justin explains how targeting health-conscious demographics drove grassroots momentum.48:03–54:16 · Guy pushing back 2/10 The Viral GQ Diet, 2,500% Sales Growth, and Supply Chain Strain Guy and Justin discuss the unprecedented 2,500% sales explosion triggered by Shane Snow's GQ diet article. Justin explains the extreme operational strain of grocers lacking cold storage capacity for daily pint shoppers.54:19–1:00:51 · Guy pushing back 3/10 Becoming #1 Ice Cream in America, Brand Fatigue, and Copycats Guy notes the cultural polarization of diet ice cream and jokingly challenges pint serving size guidelines. Justin vents intense frustration at private label copycats replicating his product formulation.1:00:51–1:08:53 · Guy pushing back 3/10 VC Pressure, Overwhelming Founder Burnout, and Acquisition by Wells Guy distinguishes Wells Enterprises' Blue Bunny from Blue Bell and explores the decline in sales prior to acquisition. Justin explains how profound founder burnout led him to insist on an immediate 100% cash exit with no earnout.

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

0:00 · Guy 80.1% · guest 19.9%0:00 · Guy 80.1% · guest 19.9%3:00 · Guy 51% · guest 49%3:00 · Guy 51% · guest 49%6:00 · Guy 36.8% · guest 63.2%6:00 · Guy 36.8% · guest 63.2%9:00 · Guy 43.2% · guest 56.8%9:00 · Guy 43.2% · guest 56.8%12:00 · Guy 37.4% · guest 62.6%12:00 · Guy 37.4% · guest 62.6%15:00 · Guy 35.8% · guest 64.2%15:00 · Guy 35.8% · guest 64.2%18:00 · Guy 33% · guest 67%18:00 · Guy 33% · guest 67%21:00 · Guy 36.8% · guest 63.2%21:00 · Guy 36.8% · guest 63.2%24:00 · Guy 27.9% · guest 72.1%24:00 · Guy 27.9% · guest 72.1%27:00 · Guy 19.9% · guest 80.1%27:00 · Guy 19.9% · guest 80.1%30:00 · Guy 31.5% · guest 68.5%30:00 · Guy 31.5% · guest 68.5%33:00 · Guy 34% · guest 66%33:00 · Guy 34% · guest 66%36:00 · Guy 24.6% · guest 75.4%36:00 · Guy 24.6% · guest 75.4%39:00 · Guy 14.2% · guest 85.8%39:00 · Guy 14.2% · guest 85.8%42:00 · Guy 20.7% · guest 79.3%42:00 · Guy 20.7% · guest 79.3%45:00 · Guy 53.3% · guest 46.7%45:00 · Guy 53.3% · guest 46.7%48:00 · Guy 42.1% · guest 57.9%48:00 · Guy 42.1% · guest 57.9%51:00 · Guy 21.6% · guest 78.4%51:00 · Guy 21.6% · guest 78.4%54:00 · Guy 48.4% · guest 51.6%54:00 · Guy 48.4% · guest 51.6%57:00 · Guy 16.4% · guest 83.6%57:00 · Guy 16.4% · guest 83.6%1:00:00 · Guy 36% · guest 64%1:00:00 · Guy 36% · guest 64%1:03:00 · Guy 40.1% · guest 59.9%1:03:00 · Guy 40.1% · guest 59.9%1:06:00 · Guy 46.3% · guest 53.7%1:06:00 · Guy 46.3% · guest 53.7%1:09:00 · Guy 44.6% · guest 55.4%1:09:00 · Guy 44.6% · guest 55.4%1:12:00 · Guy 50.9% · guest 49.1%1:12:00 · Guy 50.9% · guest 49.1%
Sharpest disagreement ▶ 59:18 Justin's disdain for corporate copycats

Justin forcefully rejects softening his terminology, deliberately using the derogatory term 'copycats' instead of competitors and voicing lingering resentment over the inability to patent food recipes.

Hardest push from Guy ▶ 35:38 Guy challenges lawyer on missing trademark conflict

Guy directly grills Justin on how a practicing corporate attorney failed to run a basic trademark clearance before naming his company Eden Creamery.

Biggest teaching moment ▶ 25:01 Food science lesson on ice cream solids

Justin breaks down the chemistry of food science for Guy, explaining how sugar serves as structural solids that depress the freezing point to prevent ice cream from freezing like solid ice.

Guy holds their own ▶ 22:07 Guy flexes ice cream culinary knowledge

Guy demonstrates deep ice cream making knowledge by pointing out that standard recipes rely on egg yolks for richness, prompting Justin to explain the functional emulsification role of egg whites.

the scores for every segment, with the reasoning behind each
ChapterTopicGuy as informed peerGuest teachingGuest disagreementGuy pushing backWhy
Legal Education, Student Debt, and Corporate Firm Disillusionment 5211 Guy displays familiarity with high-stakes corporate law firm culture and partner dynamics, even bringing up the classic industry joke about the partner prize being 'more pie/cake to eat'. Justin candidly agrees and details his disillusionment with corporate litigation.
Creative Detours: Stand-Up Comedy and Spec Script Writing 4111 Guy playfully questions Justin's creative side ventures in stand-up comedy and spec scripts as a practical career pivot. Justin self-deprecatingly admits his comedy material was terrible.
Dietary Shifts and Kitchen Experiments with Greek Yogurt 4312 Guy probes how Justin transitioned from casual dietary management to freezing Greek yogurt at home, pointing out the freezing issues. Justin explains how plain Greek yogurt sweetened with stevia laid the groundwork for Halo Top.
The First Churn, Market Validation, and Eden Creamery Formation 4324 Guy expresses skepticism about the initial taste and explicitly calls founding an ice cream business within three days 'delusional'. Justin readily agrees with the characterization, attributing it to extreme beginner naivety.
Industrial Co-Packing Struggles and The Van Nuys Factory Disaster 6513 Guy shows solid culinary knowledge regarding egg yolks providing creaminess in ice cream recipes and questions why the pilot run failed on industrial machines. Justin explains the functional emulsification properties of egg whites and the lack of solids in the initial formula.
Mastering Food Science, Solids Chemistry, and Formula Tweaks 6612 Justin educates Guy on ice cream physical chemistry, detailing why eliminating sugar strips solids and ruins texture without freezing point depression. Guy demonstrates his own technical grasp by mentioning alcohol's effect on freezing points.
Pitching Erewhon, In-Store Demos, and Securing Bristol Farms 5412 Guy inquires about the retail launch mechanics and calorie differential compared to legacy ice cream pints. Justin explains how hand-delivering coolers allowed him to win over Erewhon and leverage Bristol Farms to secure wholesale distribution.
Partnering with Doug Boughton, Cease and Desist, and Halo Top Rebrand 6325 Guy presses Justin on how an experienced attorney could fail to perform a basic trademark check before choosing the name Eden. Justin admits it was an embarrassing and costly oversight that forced a complete rebrand to Halo Top.
Cal Poly Dairy Reformulation, Cash Crunch, and Sprouts Setback 5424 Guy pushes on the severity of losing Sprouts and examines the cash flow crisis that nearly forced Justin into predatory VC terms. Justin details reformulating at Cal Poly to satisfy Whole Foods clean label rules while maintaining stability.
Micro-Targeted Digital Ads and The Anticipation of the GQ Article 4311 Guy explores the early micro-targeting ad strategy on social media before the viral GQ breakthrough. Justin explains how targeting health-conscious demographics drove grassroots momentum.
The Viral GQ Diet, 2,500% Sales Growth, and Supply Chain Strain 5412 Guy and Justin discuss the unprecedented 2,500% sales explosion triggered by Shane Snow's GQ diet article. Justin explains the extreme operational strain of grocers lacking cold storage capacity for daily pint shoppers.
Becoming #1 Ice Cream in America, Brand Fatigue, and Copycats 6423 Guy notes the cultural polarization of diet ice cream and jokingly challenges pint serving size guidelines. Justin vents intense frustration at private label copycats replicating his product formulation.
VC Pressure, Overwhelming Founder Burnout, and Acquisition by Wells 6323 Guy distinguishes Wells Enterprises' Blue Bunny from Blue Bell and explores the decline in sales prior to acquisition. Justin explains how profound founder burnout led him to insist on an immediate 100% cash exit with no earnout.

Statements from this episode (17)

Assertion Not checkable as stated
Woolverton held $300,000 in student debt despite a $200,000 legal salary
“Well, that's actually the issue was my student debt was so high at 300,000 that even though I was making, you know, clearing 200,000 a year, I was still living like a law student.”
Justin Woolverton Apr 17, 2023 ▶ 8:41
What-if
Woolverton credits the Greek yogurt boom for enabling Halo Top
“I don't think there would be a Halo Top without Greek yogurt.”
Justin Woolverton Apr 17, 2023 ▶ 13:50
Insight
Light ice cream offered better defensibility against incumbents than frozen Greek yogurt
“All of these Greek yogurt companies, whether it's Chobani or whether it's just Ben and Jerry's or something, they could make a frozen Greek yogurt at the snap of their fingers. Whereas my little light ice cream concoction was much more unique and had a differe…”
Justin Woolverton Apr 17, 2023 ▶ 16:56
Assertion Not checkable as stated
Woolverton incorporated Halo Top just three days after buying an ice-cream maker
“Between the time I bought an ice cream maker I founded a company within three days. I was just that convinced on the concept.”
Justin Woolverton Apr 17, 2023 ▶ 17:44
Disclosure
Woolverton experimented with adding vodka to prevent Halo Top from freezing solid
“I actually at one point experimented putting a little bit of vodka into Halo Top. I'm not kidding. I'm not kidding.”
Justin Woolverton Apr 17, 2023 ▶ 25:37
Assertion Not checkable as stated
Woolverton personally placed Halo Top in 25 stores before securing a distributor
“I think I got into about just like, 20, 25 stores on my own, and then I got into a certain chain that was big enough that they then forced their distributor to take me on.”
Justin Woolverton Apr 17, 2023 ▶ 31:20
Insight
CPG founders must leverage retail chains to force distribution deals
“And that's the big catch-twenty-two of starting a food beverage company, is in order to get a store, typically a store chain, you need a distributor. And in order to get a distributor, you need a store chain. So what you really need to do is convince some stor…”
Justin Woolverton Apr 17, 2023 ▶ 31:50
Opinion
Exclusive Whole Foods distribution caps a CPG brand's revenue at $12 million
“And just being in Whole Foods nationally, maybe you can grow to, like, seven, maybe 10, maybe twelve million dollars in annual revenue, but, like, you're gonna max out.”
Guy Raz Apr 17, 2023 ▶ 34:43
Insight
Whole Foods builds brand image, but Kroger and Walmart drive real profits
“The real money is made in the Kroger's and the Walmarts, you know. But it's very cool to be able to say that you're in Whole Foods, and it definitely helps the brand image.”
Justin Woolverton Apr 17, 2023 ▶ 34:56
Assertion Not checkable as stated
Woolverton financed early Halo Top with $300,000 in credit card debt
“I was funding it through my legal salary and through about 300,000 in credit card lines, credit card debt.”
Justin Woolverton Apr 17, 2023 ▶ 41:00
Assertion Supported
Early Facebook ads let brands link page likes directly to in-store purchases
“They could track if you liked a page on Facebook and They could track that, link it to your wallet, and find out what type of products you were buying at the store.”
Justin Woolverton Apr 17, 2023 ▶ 45:50
Disclosure
Halo Top intentionally targeted Greek yogurt fans rather than ice cream purists
“Our main target was, I always just basically said soccer moms. The type of people who liked Greek yogurt, you know, more or less. It wasn't ice cream Gourmet people who tended to be the people who hated on top the most.”
Justin Woolverton Apr 17, 2023 ▶ 46:10
Assertion Supported
Halo Top generated more revenue in March 2016 than all of 2015
“In March 2016, in that month alone, and March isn't a great month for ice cream, March 2016 alone, we did more revenue than the entirety of 2015.”
Justin Woolverton Apr 17, 2023 ▶ 50:27
Assertion Not publicly verifiable
Halo Top became America's best-selling ice cream pint with 50% brand awareness
“Our brand awareness at that point when we became the best-selling ice cream, our brand awareness was just over 50%.”
Justin Woolverton Apr 17, 2023 ▶ 54:52
What-if
Severe burnout forced Woolverton to sell Halo Top instead of competing
“If I were refreshed, I probably would have just held onto the company and kind of relished the challenge of getting through all these competitors and having a competitive market, but I was just burnt out, to be perfectly honest, and I was like, I cannot deal w…”
Justin Woolverton Apr 17, 2023 ▶ 1:05:10
Assertion Not checkable as stated
Retaining 100% control allowed Woolverton to sell Halo Top without board approval
“I did have a hundred percent control, so when it came time to the sale, there, it was extremely easy. I mean, if we like the terms. Yeah, I, but just with a signature, you know, you could kind of, there was no board to run it past or anything like that.”
Justin Woolverton Apr 17, 2023 ▶ 1:05:39
Disclosure
Burnout drove Woolverton to refuse a multi-year earnout when selling Halo Top
“That was one of my conditions, because like I said, one of the reasons I wanted to sell was that I was just flat out burnt out, and so one of the conditions was, I'm not doing a thing. I mean, I was willing to stay on for three to six months to transition to t…”
Justin Woolverton Apr 17, 2023 ▶ 1:06:47
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