Disclosure certainty 4/5 debate potential 1/5

Ben Bailey invested $700,000 of his personal funds into Chomp Chocolate

Ben Bailey · Advice Line with Serial Entrepreneur Marc Lore · Dec 26, 2024 · at 9:55

Ben Bailey, founder of Chomp Chocolate, explains the startup capital required to build out his bean-to-bar chocolate factory in Oregon to Guy Raz and Marc Lore.

0:00 / 0:04exact quote · 4.7s
720p mp4 · rendered on demand · StarZero watermark
“So I put 700,000 dollars in is everything I had and that got us open.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Ben Bailey

Assertion Not checkable as stated
Chomp Chocolate hit $750K in year two and paces for $1M
“We did 400,000 dollars the first year we opened. And then 750,000 last year. And this year we're set to do a million dollars and 70% of that's coming from e-commerce, so.”
Ben Bailey Dec 26, 2024 ▶ 10:50 Advice Line with Serial Entrepreneur Marc Lore
Disclosure
Chomp Chocolate rejected 2,000 retail stores due to cash flow constraints
“We've also had to say no to like a lot of big stores like over 2000 stores in the last year, because, you know, I can't, I have the factory and the production equipment, and technically we could produce more chocolate, but funding another crew and then the pur…”
Ben Bailey Dec 26, 2024 ▶ 14:20 Advice Line with Serial Entrepreneur Marc Lore
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 800 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.