Guayakí co-founder David Karr discusses early grassroots sampling efforts and adapting traditional yerba mate into lattes in Los Angeles during the late 1990s.
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“So we started putting honey and soy milk in the mate and making mate lattes. And then the, like the percentage of like maybe 15, 20% of the people actually trying and liking it went up to like 50 or more.”
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More from David Karr
Opinion
Karr: Argentine sun-grown yerba mate tastes 'offensive' to unaccustomed consumers
“If you drink the Argentine stuff that's sun-grown, it's really like almost offensive, unless you grew up drinking it. It's pretty bad tasting.”
David KarrNov 28, 2022▶ 15:52Guayakí Yerba Mate: David Karr and Chris Mann
Disclosure
Guayakí secured an initial $50,000 local bank loan without physical collateral
“Yeah, we got a 50,000 dollar bank loan locally.”
David KarrNov 28, 2022▶ 21:47Guayakí Yerba Mate: David Karr and Chris Mann
Disclosure
Guayakí co-founders funded the business with nine maxed-out personal credit cards
“I mean, I think we had nine personal credit cards maxed Chris and my brother, Steven and myself, we got every, you remember that time that was that time. In the mid nineties, they just started sending everyone credit card offers. So we just like said yes to th…”
David KarrNov 28, 2022▶ 23:33Guayakí Yerba Mate: David Karr and Chris Mann
AssertionNot checkable as stated
Co-founder Alex Pryor demanded 10-20% equity to source yerba mate from Argentina
“So he basically says, give me 10 or 20% of the business, and I'll send you the yerba.”
David KarrNov 28, 2022▶ 27:35Guayakí Yerba Mate: David Karr and Chris Mann
AssertionNot checkable as stated
Guayakí's founders personally served over 5 million cups of mate on tour
“And I think Steven Dolmiguel and I personally served over five million cups of mate.”
David KarrNov 28, 2022▶ 34:50Guayakí Yerba Mate: David Karr and Chris Mann
AssertionNot checkable as stated
Guayakí's first eight tons of yerba mate were hauled in a U-Haul
“He was actually the very first one who started helping out Alex and I, even before Steven and Chris, because he actually ended up kind of joining as a quote unquote intern and helping drive up like the first eight tons of Yerba Mate from Los Angeles to Slowtow…”
David KarrNov 28, 2022▶ 26:22Guayakí Yerba Mate: David Karr and Chris Mann
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