Drew Harrington, co-founder of Yasso, discusses financing his early product business, Poolside Pong (under Redefine Industries).
0:00 / 0:05exact quote · 5.5s
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“But my mentor at the construction company matched a 50,000 dollar investment that I had made too.”
quote is from the automated transcript, cleaned for reading:
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More from Drew Harrington
Disclosure
Harrington: Yasso blamed TSA for missing strawberry samples during retail pitches
“So we would tell a few white lies where one of the hard things about frozen food is you're always handling dry ice, and early on we realized that the TSA would confiscate Our dry ice. And when we realized strawberry wasn't as great tasting, we'd kind of show t…”
Drew HarringtonSep 25, 2023▶ 41:42Yasso: Amanda Klane and Drew Harrington
Insight
Harrington: Ice cream alternatives require indulgence like cookie dough or chocolate chips
“Something that we believe wholeheartedly now and we didn't know when we launched is that to be an ice cream You have to have some indulgence. You have to have some chocolate chips or cookie dough. And once we unlocked that, we unlocked tremendous flavor.”
Drew HarringtonSep 25, 2023▶ 42:51Yasso: Amanda Klane and Drew Harrington
Disclosure
Harrington: Poolside Pong hit roughly $1M in revenue by years two and three
“We sold them on our website for 4999 plus shipping. And so the first year I think we did about somewhere around a hundred, 150,000. And then it got up into year two and three when we added in Spencer's, we eclipsed about a million in revenue.”
Drew HarringtonSep 25, 2023▶ 12:57Yasso: Amanda Klane and Drew Harrington
AssertionPartly supported
Harrington: Ice cream retail category reviews happen only once a year in fall
“Those meetings for the ice cream category happen once a year, and they happen September through November or early December”
Drew HarringtonSep 25, 2023▶ 35:07Yasso: Amanda Klane and Drew Harrington
AssertionNot checkable as stated
Harrington: Yasso Scaled to $18M on Gross Margins in the Teens
“No, with a gross margin in the teens.”
Drew HarringtonSep 25, 2023▶ 56:27Yasso: Amanda Klane and Drew Harrington
Disclosure
Harrington: Early Yasso manufacturing required hand-spatulaing 32-ounce retail yogurt tubs
“The first bottleneck we really experienced was they were legitimately shipping in 32 ounce containers, and there was a laborer on the line that would spatula out the Greek yogurt out of a 32 ounce container, which is what, you know, a family probably consumes …”
Drew HarringtonSep 25, 2023▶ 58:11Yasso: Amanda Klane and Drew Harrington
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