Chomps

11 statements across 1 episodes · 5 bullish · 0 bearish · 2 people on the record · first statement Oct 3, 2025 by Rashid Ali · across every show →

Everything said about Chomps, oldest first

Oct 3, 2025 bullish
Prediction Partly held up
Ali: Chomps expects to reach $1 billion in retail sales in 2025
“So we'll do just about a billion in retail sales this year. That's nearly almost like doubling from last year.”
Rashid Ali Oct 3, 2025 ▶ 28:38 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 positive
Assertion Supported
Ali: Chomps grew annual revenue from $400K to $4M in one year
“Yeah, so I think we had finished the prior year at about 400. We did about four million that year.”
Rashid Ali Oct 3, 2025 ▶ 13:46 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 neutral
Assertion Not checkable as stated
Ali: The majority of early Chomps customers were female
“Well, I think we realized was the most of our customers were female.”
Rashid Ali Oct 3, 2025 ▶ 20:39 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 positive
Assertion Not checkable as stated
Maldonado: Chomps launched at Trader Joe's selling 360 units weekly per store
“So like a good retailer would do, you know, like now, like you know, like a health food store, like a whole foods or whoever might do like 15, 20, 30 units per store per week. We came out of the gates doing 360 units per store per week of this product. That's …”
Pete Maldonado Oct 3, 2025 ▶ 18:02 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 positive
Insight
Maldonado: Building a DTC community first drives downstream retail velocity
“That's also why we're so successful in retail is all of that foundation that we laid in the DTC world, building that community, building a loyal following, and it was just, you know, it's brick by brick, right? It's one person at a time.”
Pete Maldonado Oct 3, 2025 ▶ 10:02 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 neutral
Disclosure
Ali: Chomps kept Trader Joe's as sole retailer for two years
“We were going to be the best Trader Joe's partner possible for two years. What did that mean? That meant that was our only retailer. We focused on e-commerce. We focused on scaling. We focused on like branding and packaging and who our consumer was.”
Rashid Ali Oct 3, 2025 ▶ 19:14 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025
Assertion Partly supported
Maldonado: Chomps and Western Smokehouse are building a 300,000-square-foot joint facility
“And then we've stumbled on Kevin Western from Western Smokehouse, which is you know, one of, is our first co-packer, but now we've, we have, was it four plants now with them? And we're doing the big JV in Mexico, Missouri on a pretty massive plant, a 300,000 s…”
Pete Maldonado Oct 3, 2025 ▶ 6:03 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025
Assertion Not checkable as stated
Maldonado: Trader Joe's placed an initial order of 1.1 million Chomps sticks
“It was a 1.1 million sticks, I believe.”
Pete Maldonado Oct 3, 2025 ▶ 12:30 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 neutral
Disclosure
Maldonado: Chomps raised under $700,000 in primary capital before 2021 PE deal
“A total of less than 700,000. And over the course of like the two year period that we were, Working with them. ... So we, you know, even to this day, we've only, that's all the primary, primary capital's ever taken. Even aside from, we did a private equity rai…”
Pete Maldonado Oct 3, 2025 ▶ 22:50 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025 positive
Disclosure
Ali: Chomps funded its $1 million Trader Joe's order entirely with debt
“I think we did friends and family. We did debt only.”
Rashid Ali Oct 3, 2025 ▶ 15:03 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
Oct 3, 2025
Assertion Supported
Ali: Chomps was originally founded to compete with Omaha Steaks
“Pete and I met through mutual friends. We were all playing cards and he had mentioned that he had started a company To compete with Omaha Steaks, right? To offer grass fed, grass finished, like a healthier version.”
Rashid Ali Oct 3, 2025 ▶ 1:54 How a side hustle became an industry leader (with Chomps co-founders) | Masters of Scale
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