I Went From Broke To $1B+ In just 3 years

Zero to over a billion dollars in 32 Zero to over a billion dollars in 32 months maniacal. We're quite literally months maniacal. We're quite literally months maniacal. We're quite literally just getting started. Where do you think just getting started. Where do you think just getting started. Where do you think is that gap to really jump from average is that gap to really jump from average is that gap to really jump from average or good to great? If you want to have or good to great? If you want to have or good to great? If you want to have the greatest odds of success, it's by the greatest odds of success, it's by the greatest odds of success, it's by creating a new format. New formats win. creating a new format. New formats win. creating a new format. New formats win. You obviously spotted one really great You obviously spotted one really great You obviously spotted one really great opportunity. I'm curious what other opportunity. I'm curious what other opportunity. I'm curious what other opportunity you spotted. opportunity you spotted. opportunity you spotted. >> there's an idea that no one else is >> there's an idea that no one else is >> there's an idea that no one else is going to be able to run at that is a $10 going to be able to run at that is a $10 going to be able to run at that is a $10 billion business idea. billion business idea. billion business idea. >> You should just say it now and we'll >> You should just say it now and we'll >> You should just say it now and we'll bleep it out. bleep it out. bleep it out. >> We'll talk about that. I think that's >> We'll talk about that. I think that's >> We'll talk about that. I think that's the biggest opportunity for founders. the biggest opportunity for founders. the biggest opportunity for founders. >> What are the inputs necessary to get to >> What are the inputs necessary to get to >> What are the inputs necessary to get to a hundred million in revenue for an a hundred million in revenue for an a hundred million in revenue for an e-com brand in three years? e-com brand in three years? e-com brand in three years? >> Here's what I'll say. So here's here's three things I'd love So here's here's three things I'd love for you to deliver. One, I want to know for you to deliver. One, I want to know for you to deliver. One, I want to know the origin story like how the hell did the origin story like how the hell did the origin story like how the hell did you have the idea and why did you have you have the idea and why did you have you have the idea and why did you have the confidence in the idea? We're going the confidence in the idea? We're going the confidence in the idea? We're going to go there. Two is you sent us a thing to go there. Two is you sent us a thing to go there. Two is you sent us a thing about your marketing funnel which is about your marketing funnel which is about your marketing funnel which is like you know, what is world-class like you know, what is world-class like you know, what is world-class marketing look like in this scenario? marketing look like in this scenario? marketing look like in this scenario? And then the last part I want to riff And then the last part I want to riff And then the last part I want to riff with you, brainstorm on like with you, brainstorm on like with you, brainstorm on like where to from here. You obviously where to from here. You obviously where to from here. You obviously spotted one really great opportunity. spotted one really great opportunity. spotted one really great opportunity. I'm curious what other opportunity you I'm curious what other opportunity you I'm curious what other opportunity you spotted. Yeah, let's do it. spotted. Yeah, let's do it. spotted. Yeah, let's do it. Okay, sweet. Um dude, I've been I've Okay, sweet. Um dude, I've been I've Okay, sweet. Um dude, I've been I've been taking greens for I don't know six been taking greens for I don't know six been taking greens for I don't know six six to 12 months now because it's like six to 12 months now because it's like six to 12 months now because it's like it's basically like eating candy. It's it's basically like eating candy. It's it's basically like eating candy. It's like you open up a pack of gummy bears like you open up a pack of gummy bears like you open up a pack of gummy bears and then you eat them and then you're and then you eat them and then you're and then you eat them and then you're like I just had vegetables. like I just had vegetables. like I just had vegetables. Totally. I ate gummy bears but I I think Totally. I ate gummy bears but I I think Totally. I ate gummy bears but I I think I just had vegetables maybe. Totally. I just had vegetables maybe. Totally. I just had vegetables maybe. Totally. And so I want to know where were you And so I want to know where were you And so I want to know where were you sitting when you were like, you know sitting when you were like, you know sitting when you were like, you know what? What if we did this? Yeah, so um I what? What if we did this? Yeah, so um I what? What if we did this? Yeah, so um I like to describe myself as a like to describe myself as a like to describe myself as a entrepreneur who had short stints in entrepreneur who had short stints in entrepreneur who had short stints in private equity and investment banking. private equity and investment banking. private equity and investment banking. So I've I've started three companies. So I've I've started three companies. So I've I've started three companies. This is my third company and I actually This is my third company and I actually This is my third company and I actually didn't want to start a company. So I was didn't want to start a company. So I was didn't want to start a company. So I was on my way from Boston at a private on my way from Boston at a private on my way from Boston at a private equity firm called Summit Partners and equity firm called Summit Partners and equity firm called Summit Partners and was leaving that investment firm to go was leaving that investment firm to go was leaving that investment firm to go get my MBA at Stanford and had told get my MBA at Stanford and had told get my MBA at Stanford and had told myself, look I just want to have like a myself, look I just want to have like a myself, look I just want to have like a normal MBA experience for two years. I'm normal MBA experience for two years. I'm normal MBA experience for two years. I'm not going to start anything. Maybe I'll not going to start anything. Maybe I'll not going to start anything. Maybe I'll do an internship in the summer. And then do an internship in the summer. And then do an internship in the summer. And then it was like two weeks before going out it was like two weeks before going out it was like two weeks before going out to Stanford. I was at my parents' place to Stanford. I was at my parents' place to Stanford. I was at my parents' place in in Utah and just doing some work and in in Utah and just doing some work and in in Utah and just doing some work and I'm drinking a greens powder in my dad's I'm drinking a greens powder in my dad's I'm drinking a greens powder in my dad's office. So I just remember looking up office. So I just remember looking up office. So I just remember looking up like super vividly in the in the corner like super vividly in the in the corner like super vividly in the in the corner of the room being like, there's no way of the room being like, there's no way of the room being like, there's no way I'm keeping this habit past 30 days. I'm keeping this habit past 30 days. I'm keeping this habit past 30 days. Like I'll I'll do it cuz I always finish Like I'll I'll do it cuz I always finish Like I'll I'll do it cuz I always finish what I started but like what I started but like what I started but like I'm not going to stick to this habit I'm not going to stick to this habit I'm not going to stick to this habit post 30 days. And it wasn't just the post 30 days. And it wasn't just the post 30 days. And it wasn't just the taste. It for me it was like, you know taste. It for me it was like, you know taste. It for me it was like, you know you got that weird like frothy sediment you got that weird like frothy sediment you got that weird like frothy sediment at the bottom of the drink. And the at the bottom of the drink. And the at the bottom of the drink. And the biggest thing for me that I think this biggest thing for me that I think this biggest thing for me that I think this is probably unique is I I remember is probably unique is I I remember is probably unique is I I remember staring at the bottle sitting on the staring at the bottle sitting on the staring at the bottle sitting on the counter top on like the drying rack. And counter top on like the drying rack. And counter top on like the drying rack. And I remember being I'm sort of an OCD I remember being I'm sort of an OCD I remember being I'm sort of an OCD person. I remember just being like, if I person. I remember just being like, if I person. I remember just being like, if I commit to this habit, I've got to like commit to this habit, I've got to like commit to this habit, I've got to like stare at that bottle on the counter top stare at that bottle on the counter top stare at that bottle on the counter top for the rest of my life. Right? Like for the rest of my life. Right? Like for the rest of my life. Right? Like there's there's no way that's going to there's there's no way that's going to there's there's no way that's going to happen. Um and so that got me thinking happen. Um and so that got me thinking happen. Um and so that got me thinking about, hey how do I take a a about, hey how do I take a a about, hey how do I take a a comprehensive comprehensive comprehensive supplement nutrition and put it in some supplement nutrition and put it in some supplement nutrition and put it in some format. I didn't know it'd be gummy at format. I didn't know it'd be gummy at format. I didn't know it'd be gummy at the time when I had the idea. How do I the time when I had the idea. How do I the time when I had the idea. How do I put it in some format that gets people put it in some format that gets people put it in some format that gets people looking forward to it? Like they'll go looking forward to it? Like they'll go looking forward to it? Like they'll go to bed at night being like, I can't wait to bed at night being like, I can't wait to bed at night being like, I can't wait to have that the next day which which is to have that the next day which which is to have that the next day which which is a complete pivot I think to how people a complete pivot I think to how people a complete pivot I think to how people sort of think about supplementation. Can sort of think about supplementation. Can sort of think about supplementation. Can we like roll it into a blunt now? Yeah, we like roll it into a blunt now? Yeah, we like roll it into a blunt now? Yeah, exactly. Look exactly. Look exactly. Look Smoke your greens. We'll we'll talk Smoke your greens. We'll we'll talk Smoke your greens. We'll we'll talk about that. I think I honestly think about that. I think I honestly think about that. I think I honestly think that's the biggest opportunity for that's the biggest opportunity for that's the biggest opportunity for founders. Like people just want to rip founders. Like people just want to rip founders. Like people just want to rip on the formats that work but I think if on the formats that work but I think if on the formats that work but I think if you want to have the greatest odds of you want to have the greatest odds of you want to have the greatest odds of success it's by creating a new format. success it's by creating a new format. success it's by creating a new format. Right? So if it's a blunt, awesome. If Right? So if it's a blunt, awesome. If Right? So if it's a blunt, awesome. If it's these little Zen pouches that it's these little Zen pouches that it's these little Zen pouches that people are doing now and making those people are doing now and making those people are doing now and making those like focus that's non-nicotine, great. like focus that's non-nicotine, great. like focus that's non-nicotine, great. Like new formats win. Like new formats win. Like new formats win. Did you think that um I mean just it's Did you think that um I mean just it's Did you think that um I mean just it's it's maniacal. 32 months to it's maniacal. 32 months to it's maniacal. 32 months to multi or a billion dollar exit is multi or a billion dollar exit is multi or a billion dollar exit is maniacal. Did you call your shot and maniacal. Did you call your shot and maniacal. Did you call your shot and you're like, that's where we're going to you're like, that's where we're going to you're like, that's where we're going to go or were you like, who knows? I mean go or were you like, who knows? I mean go or were you like, who knows? I mean what where was your mindset when you what where was your mindset when you what where was your mindset when you started it? This is a bit shocking to started it? This is a bit shocking to started it? This is a bit shocking to hear but we've basically met the hear but we've basically met the hear but we've basically met the forecast that we put in place since the forecast that we put in place since the forecast that we put in place since the very beginning. You have to appreciate I very beginning. You have to appreciate I very beginning. You have to appreciate I was I talked with like was I talked with like was I talked with like thousands of entrepreneurs when I was at thousands of entrepreneurs when I was at thousands of entrepreneurs when I was at Summit Partners. I I looked at the Summit Partners. I I looked at the Summit Partners. I I looked at the proprietary data sets. I don't have them proprietary data sets. I don't have them proprietary data sets. I don't have them obviously anymore but I have a very obviously anymore but I have a very obviously anymore but I have a very visual memory. So I know the LTV to CACs visual memory. So I know the LTV to CACs visual memory. So I know the LTV to CACs of of of hundreds of brands. hundreds of brands. hundreds of brands. And so like for me and it's weird like I And so like for me and it's weird like I And so like for me and it's weird like I I could tell you I won't but I could I could tell you I won't but I could I could tell you I won't but I could tell you what like every big brands LTV tell you what like every big brands LTV tell you what like every big brands LTV to CAC and margin looks like all the to CAC and margin looks like all the to CAC and margin looks like all the brands that we know of today. Now I brands that we know of today. Now I brands that we know of today. Now I didn't really forecast beyond a hundred didn't really forecast beyond a hundred didn't really forecast beyond a hundred million in revenue cuz that would be million in revenue cuz that would be million in revenue cuz that would be pretty pointless. It's like I'm not a pretty pointless. It's like I'm not a pretty pointless. It's like I'm not a sociopath. sociopath. sociopath. >> [laughter] >> [laughter] >> [laughter] >> Yeah. There's a fine [clears throat] >> Yeah. There's a fine [clears throat] >> Yeah. There's a fine [clears throat] line between ambition and being just line between ambition and being just line between ambition and being just absolutely batshit. So you're you're absolutely batshit. So you're you're absolutely batshit. So you're you're saying that now I want to ask you saying that now I want to ask you saying that now I want to ask you something about something about something about in between when you're like, oh like I in between when you're like, oh like I in between when you're like, oh like I don't really enjoy this form factor. don't really enjoy this form factor. don't really enjoy this form factor. What if there was another? And you said What if there was another? And you said What if there was another? And you said you didn't have gummies you know right you didn't have gummies you know right you didn't have gummies you know right away as like a It's not like you away as like a It's not like you away as like a It's not like you immediately had the fully baked idea. immediately had the fully baked idea. immediately had the fully baked idea. But I'm curious like what were the But I'm curious like what were the But I'm curious like what were the either companies or products you had either companies or products you had either companies or products you had like admired cuz I sort of have this like admired cuz I sort of have this like admired cuz I sort of have this this thing which is like this thing which is like this thing which is like what you admire becomes a little bit of what you admire becomes a little bit of what you admire becomes a little bit of your destiny. Right? Your your your your destiny. Right? Your your your your destiny. Right? Your your your admiration becomes your destination. And admiration becomes your destination. And admiration becomes your destination. And if you think about like a lot of the if you think about like a lot of the if you think about like a lot of the great great entrepreneurs, Steve Jobs great great entrepreneurs, Steve Jobs great great entrepreneurs, Steve Jobs famously, who did he admire? What famously, who did he admire? What famously, who did he admire? What products he admired and then you steal products he admired and then you steal products he admired and then you steal little elements of that. They they sort little elements of that. They they sort little elements of that. They they sort of bleed out into your final products of bleed out into your final products of bleed out into your final products years later. Same thing with comedians years later. Same thing with comedians years later. Same thing with comedians and movie makers. What were the products and movie makers. What were the products and movie makers. What were the products and companies that you thought were and companies that you thought were and companies that you thought were kickass that you feel like inspired some kickass that you feel like inspired some kickass that you feel like inspired some of the result of greens? of the result of greens? of the result of greens? Yeah, look I I sat on the board or Yeah, look I I sat on the board or Yeah, look I I sat on the board or observed the boards of great brands like observed the boards of great brands like observed the boards of great brands like Rocky Bow Doctor Squatch, Brooklinen, Rocky Bow Doctor Squatch, Brooklinen, Rocky Bow Doctor Squatch, Brooklinen, Chubbies, Solo Stove, Thuma, 12 Chubbies, Solo Stove, Thuma, 12 Chubbies, Solo Stove, Thuma, 12 different businesses. And so I learned a different businesses. And so I learned a different businesses. And so I learned a lot from the unique problems and frankly lot from the unique problems and frankly lot from the unique problems and frankly the recipes that worked for each of the recipes that worked for each of the recipes that worked for each of them. I would say that the brand that I them. I would say that the brand that I them. I would say that the brand that I think we most closely resemble in terms think we most closely resemble in terms think we most closely resemble in terms of execution is Doctor Squatch. Is that of execution is Doctor Squatch. Is that of execution is Doctor Squatch. Is that deodorant? It's the deodorant? It's the deodorant? It's the they're cold process soaps. So they're they're cold process soaps. So they're they're cold process soaps. So they're bar soaps that um for men. I've seen bar soaps that um for men. I've seen bar soaps that um for men. I've seen like the marketing but I I think I have like the marketing but I I think I have like the marketing but I I think I have the deodorant. But I I don't know what's the deodorant. But I I don't know what's the deodorant. But I I don't know what's the what's so special about it? Like is the what's so special about it? Like is the what's so special about it? Like is there something cool about it? there something cool about it? there something cool about it? >> So what's cool about it is So they just >> So what's cool about it is So they just >> So what's cool about it is So they just sold to Unilever like last year for 1.5 sold to Unilever like last year for 1.5 sold to Unilever like last year for 1.5 billion. And in that business what's billion. And in that business what's billion. And in that business what's cool about it is one, cold process soap cool about it is one, cold process soap cool about it is one, cold process soap is more natural I would say. So it's is more natural I would say. So it's is more natural I would say. So it's you're not getting all the chemicals and you're not getting all the chemicals and you're not getting all the chemicals and stuff and then it's a very clean stuff and then it's a very clean stuff and then it's a very clean product. But because of the branding, product. But because of the branding, product. But because of the branding, the approach, the partnerships they do, the approach, the partnerships they do, the approach, the partnerships they do, I mean they've done partnerships with I mean they've done partnerships with I mean they've done partnerships with like Harry Potter, Star Wars, like Harry Potter, Star Wars, like Harry Potter, Star Wars, SpongeBob, all sorts of really cool like SpongeBob, all sorts of really cool like SpongeBob, all sorts of really cool like fun fun fun partnerships. They've taken an approach partnerships. They've taken an approach partnerships. They've taken an approach where you as a consumer relate to the where you as a consumer relate to the where you as a consumer relate to the brand. Right? And so prior to Doctor brand. Right? And so prior to Doctor brand. Right? And so prior to Doctor Squatch, I don't even know what I was Squatch, I don't even know what I was Squatch, I don't even know what I was using. I was probably using what I using. I was probably using what I using. I was probably using what I whatever my wife was buying and stocking whatever my wife was buying and stocking whatever my wife was buying and stocking in the the shower. But but they were the in the the shower. But but they were the in the the shower. But but they were the inspiration for us. I think that what inspiration for us. I think that what inspiration for us. I think that what they've done within the personal care they've done within the personal care they've done within the personal care space making it a joy for the consumer space making it a joy for the consumer space making it a joy for the consumer is what we aspired to do with in is what we aspired to do with in is what we aspired to do with in supplementation where I mean we all supplementation where I mean we all supplementation where I mean we all spend time on social media. You get one spend time on social media. You get one spend time on social media. You get one ad and it's like, oh my goodness, Sean ad and it's like, oh my goodness, Sean ad and it's like, oh my goodness, Sean San, I don't know how old you guys are San, I don't know how old you guys are San, I don't know how old you guys are but you're blank years old and you've but you're blank years old and you've but you're blank years old and you've never heard of creatine. What the hell never heard of creatine. What the hell never heard of creatine. What the hell are you doing with your life? Like are you doing with your life? Like are you doing with your life? Like you're going to die tomorrow. And then you're going to die tomorrow. And then you're going to die tomorrow. And then you get a colostrum ad. What are you you get a colostrum ad. What are you you get a colostrum ad. What are you doing with your life? Like you need to doing with your life? Like you need to doing with your life? Like you need to be taking colostrum right now. It does a be taking colostrum right now. It does a be taking colostrum right now. It does a blank percent increase in blank body blank percent increase in blank body blank percent increase in blank body metric. And I I I just think that metric. And I I I just think that metric. And I I I just think that the way that we have approached and took the way that we have approached and took the way that we have approached and took inspiration from Doctor Squatch is to inspiration from Doctor Squatch is to inspiration from Doctor Squatch is to take that and make our supplementation a take that and make our supplementation a take that and make our supplementation a lifestyle. Something that people look lifestyle. Something that people look lifestyle. Something that people look forward to. They forward to. They forward to. They feel like it resonates with who they are feel like it resonates with who they are feel like it resonates with who they are and and how they live their lives. and and how they live their lives. and and how they live their lives. All right, let's take a quick break. All right, let's take a quick break. All right, let's take a quick break. This podcast is called My First Million This podcast is called My First Million This podcast is called My First Million and it's probably the question we get and it's probably the question we get and it's probably the question we get asked the most. How do I go from zero to asked the most. How do I go from zero to asked the most. How do I go from zero to making my first million? making my first million? making my first million? And so I did an episode a little while And so I did an episode a little while And so I did an episode a little while back where I broke down exactly the sort back where I broke down exactly the sort back where I broke down exactly the sort of philosophy and frameworks that I of philosophy and frameworks that I of philosophy and frameworks that I would use. So things like finding your would use. So things like finding your would use. So things like finding your white belt business or identifying your white belt business or identifying your white belt business or identifying your bear on a unicycle advantage, the bear on a unicycle advantage, the bear on a unicycle advantage, the [clears throat] core way that your two [clears throat] core way that your two [clears throat] core way that your two skills can overlap or why maybe starting skills can overlap or why maybe starting skills can overlap or why maybe starting a service business is better than a service business is better than a service business is better than starting a software business for your starting a software business for your starting a software business for your initial businesses to make that first initial businesses to make that first initial businesses to make that first million. And so the team at HubSpot has million. And so the team at HubSpot has million. And so the team at HubSpot has created a guide that took the stuff I created a guide that took the stuff I created a guide that took the stuff I said in that episode. They laid it all said in that episode. They laid it all said in that episode. They laid it all out for you. You can get it for free in out for you. You can get it for free in out for you. You can get it for free in the description below. Just click that the description below. Just click that the description below. Just click that link and it's all yours. All right, back link and it's all yours. All right, back link and it's all yours. All right, back to this episode. to this episode. to this episode. How much money did you raise to get to How much money did you raise to get to How much money did you raise to get to your first million in revenue and how your first million in revenue and how your first million in revenue and how fast did it come? fast did it come? fast did it come? Yeah, month one Yeah, month one Yeah, month one we did like 30,000 in revenue. Month two we did like 30,000 in revenue. Month two we did like 30,000 in revenue. Month two was already like 230,000. So I guess we was already like 230,000. So I guess we was already like 230,000. So I guess we like in month two months into the like in month two months into the like in month two months into the business we had already crossed the the business we had already crossed the the business we had already crossed the the 1 million run rate. 1 million run rate. 1 million run rate. Probably two and a half three million at Probably two and a half three million at Probably two and a half three million at that point. I've never really looked at that point. I've never really looked at that point. I've never really looked at the business that way. Maybe you've the business that way. Maybe you've the business that way. Maybe you've heard me talk about LTV to CAC. heard me talk about LTV to CAC. heard me talk about LTV to CAC. I I would say we burned I I would say we burned I I would say we burned we probably burned through like 8 we probably burned through like 8 we probably burned through like 8 billion dollars of capital billion dollars of capital billion dollars of capital until we reached profitability. That until we reached profitability. That until we reached profitability. That could have been less if we slowed down could have been less if we slowed down could have been less if we slowed down growth a little bit but just the way it growth a little bit but just the way it growth a little bit but just the way it worked out is it we I think we've burned worked out is it we I think we've burned worked out is it we I think we've burned through about 8 million dollars of through about 8 million dollars of through about 8 million dollars of primary capital before we hit primary capital before we hit primary capital before we hit profitability. You mentioned like profitability. You mentioned like profitability. You mentioned like focusing on LTV to CAC. For you, what's focusing on LTV to CAC. For you, what's focusing on LTV to CAC. For you, what's good and what's great? good and what's great? good and what's great? Yeah, I I think stable stakes for Yeah, I I think stable stakes for Yeah, I I think stable stakes for businesses that need to be acquired, you businesses that need to be acquired, you businesses that need to be acquired, you need to be at least three. need to be at least three. need to be at least three. The best I saw The best I saw The best I saw one obviously this goes way back but one obviously this goes way back but one obviously this goes way back but during the COVID era I would see brands during the COVID era I would see brands during the COVID era I would see brands in the four to five range. You know, in the four to five range. You know, in the four to five range. You know, those brands are probably two and a half those brands are probably two and a half those brands are probably two and a half to three times right now. to three times right now. to three times right now. But when you say LTV, are you referring But when you say LTV, are you referring But when you say LTV, are you referring to so LTV lifetime value is for for a to so LTV lifetime value is for for a to so LTV lifetime value is for for a e-com brand does value mean um e-com brand does value mean um e-com brand does value mean um your contribution margin? Yeah, let me your contribution margin? Yeah, let me your contribution margin? Yeah, let me describe that the way that I always look describe that the way that I always look describe that the way that I always look at it. I use a three-year period. Um so at it. I use a three-year period. Um so at it. I use a three-year period. Um so 36 months and LTV is fully burdened 36 months and LTV is fully burdened 36 months and LTV is fully burdened gross profit meaning Sam orders our gross profit meaning Sam orders our gross profit meaning Sam orders our product. product. product. What is the what are the total cost What is the what are the total cost What is the what are the total cost stripped out of that value to get it to stripped out of that value to get it to stripped out of that value to get it to Sam's door? So you've got product costs, Sam's door? So you've got product costs, Sam's door? So you've got product costs, you've got discounts, returns, you've you've got discounts, returns, you've you've got discounts, returns, you've got fulfillment, shipping, uh merchant got fulfillment, shipping, uh merchant got fulfillment, shipping, uh merchant processing fees. Like you've got all of processing fees. Like you've got all of processing fees. Like you've got all of that that gets it to the door. That's that that gets it to the door. That's that that gets it to the door. That's your lifetime value over a 3-year your lifetime value over a 3-year your lifetime value over a 3-year period. How much contribution gross period. How much contribution gross period. How much contribution gross profit are you getting from the consumer profit are you getting from the consumer profit are you getting from the consumer over a 3-year period? And you use 3 over a 3-year period? And you use 3 over a 3-year period? And you use 3 years not because that's how long years not because that's how long years not because that's how long someone subscribes to Grüns. You just someone subscribes to Grüns. You just someone subscribes to Grüns. You just said 3 years for everyone should use 3 said 3 years for everyone should use 3 said 3 years for everyone should use 3 years. You can't do a lifetime value. years. You can't do a lifetime value. years. You can't do a lifetime value. >> Yeah, I think it I think it's like just >> Yeah, I think it I think it's like just >> Yeah, I think it I think it's like just a productive way of looking at it to a productive way of looking at it to a productive way of looking at it to optimize against. I mean, we obviously optimize against. I mean, we obviously optimize against. I mean, we obviously look at 3 months, 6 months, 12 months look at 3 months, 6 months, 12 months look at 3 months, 6 months, 12 months and try to make adjustments based on and try to make adjustments based on and try to make adjustments based on that. But yeah, I mean, we've got that. But yeah, I mean, we've got that. But yeah, I mean, we've got consumers who are consumers who are consumers who are you know, are 32 months old. So, we you know, are 32 months old. So, we you know, are 32 months old. So, we haven't hit that 36-month mark. But like haven't hit that 36-month mark. But like haven't hit that 36-month mark. But like there's very clearly going to be there's very clearly going to be there's very clearly going to be consumers who are around purchasing and consumers who are around purchasing and consumers who are around purchasing and they're I guess quote perpetuity. they're I guess quote perpetuity. they're I guess quote perpetuity. And you picked a name that if you had And you picked a name that if you had And you picked a name that if you had told me, I would have been like, "Hey told me, I would have been like, "Hey told me, I would have been like, "Hey brother, do you want to win? Or are you brother, do you want to win? Or are you brother, do you want to win? Or are you going to put a going to put a going to put a umlaut over one of the letters and umlaut over one of the letters and umlaut over one of the letters and nobody knows how to say it. And then you nobody knows how to say it. And then you nobody knows how to say it. And then you won. So, I'm an idiot. What What What's won. So, I'm an idiot. What What What's won. So, I'm an idiot. What What What's the What gives? the What gives? the What gives? So, what I always say here is and Sam So, what I always say here is and Sam So, what I always say here is and Sam botched the Grüns at the start of this botched the Grüns at the start of this botched the Grüns at the start of this at Grüns, which is totally fine. What I at Grüns, which is totally fine. What I at Grüns, which is totally fine. What I tell people is What I tell people is I tell people is What I tell people is I tell people is What I tell people is I do not care how you pronounce our name do not care how you pronounce our name do not care how you pronounce our name as long as you're buying. So, like you as long as you're buying. So, like you as long as you're buying. So, like you can call it Grüns if you want. You can can call it Grüns if you want. You can can call it Grüns if you want. You can call it Grüns, which is correct. It's call it Grüns, which is correct. It's call it Grüns, which is correct. It's Grüns. Grüns. Grüns. >> But But did Did you think it was a good >> But But did Did you think it was a good >> But But did Did you think it was a good name and you knew something none of us name and you knew something none of us name and you knew something none of us do? Or did you just not care about the do? Or did you just not care about the do? Or did you just not care about the name? And how the hell did you arrive at name? And how the hell did you arrive at name? And how the hell did you arrive at that name? Yeah, so the word Grüns with that name? Yeah, so the word Grüns with that name? Yeah, so the word Grüns with an S I guess I can show you here. With an S I guess I can show you here. With an S I guess I can show you here. With an S at the end actually doesn't mean an S at the end actually doesn't mean an S at the end actually doesn't mean anything anything anything in the German language. in the German language. in the German language. The word Grün means green in German. The word Grün means green in German. The word Grün means green in German. When you throw an S on it, there's When you throw an S on it, there's When you throw an S on it, there's actually no meaning to it. And so, when actually no meaning to it. And so, when actually no meaning to it. And so, when I threw an S on it, it it just seemed to I threw an S on it, it it just seemed to I threw an S on it, it it just seemed to be like kind of fun and playful. You got be like kind of fun and playful. You got be like kind of fun and playful. You got this like natural smiley face. this like natural smiley face. this like natural smiley face. It felt like something that It felt like something that It felt like something that I I I we could brand over time really well and we could brand over time really well and we could brand over time really well and it's it's simple. But you're right. Like it's it's simple. But you're right. Like it's it's simple. But you're right. Like at least in America, at least in America, at least in America, very uniquely in America, like 70% of very uniquely in America, like 70% of very uniquely in America, like 70% of consumers don't know how to pronounce consumers don't know how to pronounce consumers don't know how to pronounce it. That'd be like your argument to the it. That'd be like your argument to the it. That'd be like your argument to the team like, "No guys, it makes a ton of team like, "No guys, it makes a ton of team like, "No guys, it makes a ton of sense. Now, it it it may not make sense sense. Now, it it it may not make sense sense. Now, it it it may not make sense in America, but like Yeah, dude, that's in America, but like Yeah, dude, that's in America, but like Yeah, dude, that's uh Sean, we had a uh Sean, we had a uh Sean, we had a We had this guy David on who runs a We had this guy David on who runs a We had this guy David on who runs a company called Lexicon and his whole job company called Lexicon and his whole job company called Lexicon and his whole job is naming companies. He's named Swiffer, is naming companies. He's named Swiffer, is naming companies. He's named Swiffer, Febreze, Sonos, BlackBerry. Sean, what Febreze, Sonos, BlackBerry. Sean, what Febreze, Sonos, BlackBerry. Sean, what do you think David would say about that do you think David would say about that do you think David would say about that name? name? name? Well, it's hard to know, right? Cuz he's Well, it's hard to know, right? Cuz he's Well, it's hard to know, right? Cuz he's got this little AI computer brain where got this little AI computer brain where got this little AI computer brain where he's like, "Yes, no." And it's almost he's like, "Yes, no." And it's almost he's like, "Yes, no." And it's almost like a sommelier describing the taste of like a sommelier describing the taste of like a sommelier describing the taste of a wine. And then you just have to nod a wine. And then you just have to nod a wine. And then you just have to nod along like an idiot. You're like, "Mhm, along like an idiot. You're like, "Mhm, along like an idiot. You're like, "Mhm, yeah, I I I I sense the notes that yeah, I I I I sense the notes that yeah, I I I I sense the notes that you're talking about there." I thought you're talking about there." I thought you're talking about there." I thought notes are for music, but I definitely notes are for music, but I definitely notes are for music, but I definitely sense it. And so, you know, I I think sense it. And so, you know, I I think sense it. And so, you know, I I think it's hard to know, but I I I would have it's hard to know, but I I I would have it's hard to know, but I I I would have guessed low, right? You're talking about guessed low, right? You're talking about guessed low, right? You're talking about like, "Doesn't make much sense in like, "Doesn't make much sense in like, "Doesn't make much sense in America, the market we're going after." America, the market we're going after." America, the market we're going after." But you [laughter] did it anyways. What But you [laughter] did it anyways. What But you [laughter] did it anyways. What was runner-up name? Or, you know, in the was runner-up name? Or, you know, in the was runner-up name? Or, you know, in the brainstorming process, sometimes you brainstorming process, sometimes you brainstorming process, sometimes you start with like, "Here's what we're start with like, "Here's what we're start with like, "Here's what we're definitely not going to call it." Cuz it definitely not going to call it." Cuz it definitely not going to call it." Cuz it kind of guides you away from maybe some kind of guides you away from maybe some kind of guides you away from maybe some typical areas. typical areas. typical areas. Honestly, like I hit it pretty quick. Honestly, like I hit it pretty quick. Honestly, like I hit it pretty quick. So, I guess I I didn't mention this. I I So, I guess I I didn't mention this. I I So, I guess I I didn't mention this. I I served I grew up Mormon. So, I served a served I grew up Mormon. So, I served a served I grew up Mormon. So, I served a 2-year mission in Germany, Switzerland, 2-year mission in Germany, Switzerland, 2-year mission in Germany, Switzerland, Austria. So, like I I am fluent in Austria. So, like I I am fluent in Austria. So, like I I am fluent in German. And so, when when I had the German. And so, when when I had the German. And so, when when I had the thought Pretty sick assignment. Yeah, thought Pretty sick assignment. Yeah, thought Pretty sick assignment. Yeah, yeah, totally. I mean, it's literally yeah, totally. I mean, it's literally yeah, totally. I mean, it's literally called the Alpine German-speaking called the Alpine German-speaking called the Alpine German-speaking mission. So, it's the Alpine. Yeah, like mission. So, it's the Alpine. Yeah, like mission. So, it's the Alpine. Yeah, like you know, someone [clears throat] else you know, someone [clears throat] else you know, someone [clears throat] else could have been assigned to like, you could have been assigned to like, you could have been assigned to like, you know, Redding, California or know, Redding, California or know, Redding, California or >> Yeah, totally. That wouldn't be too bad. >> Yeah, totally. That wouldn't be too bad. >> Yeah, totally. That wouldn't be too bad. That wouldn't be too bad. There's worse. That wouldn't be too bad. There's worse. That wouldn't be too bad. There's worse. All right. So, you have the ideas. How All right. So, you have the ideas. How All right. So, you have the ideas. How long did it take you to go from idea in long did it take you to go from idea in long did it take you to go from idea in your head your head your head to I know what the product is going to to I know what the product is going to to I know what the product is going to be and I have my first batch and then I be and I have my first batch and then I be and I have my first batch and then I go for sale? Like what was that timeline go for sale? Like what was that timeline go for sale? Like what was that timeline like? like? like? Yeah, so coming up with gummies took Yeah, so coming up with gummies took Yeah, so coming up with gummies took about a day. about a day. about a day. I I grew up You're going to think it's I I grew up You're going to think it's I I grew up You're going to think it's crazy. You know, those like big crazy. You know, those like big crazy. You know, those like big like I guess they call them like like I guess they call them like like I guess they call them like single-day servings of Sour Patch single-day servings of Sour Patch single-day servings of Sour Patch watermelon? watermelon? watermelon? Yeah. Slices, yeah, yeah. I would eat Yeah. Slices, yeah, yeah. I would eat Yeah. Slices, yeah, yeah. I would eat those gummies, one of those every day in those gummies, one of those every day in those gummies, one of those every day in college. Like a full 450 calories every college. Like a full 450 calories every college. Like a full 450 calories every day. day. day. I've always been a gummy fiend. And so, I've always been a gummy fiend. And so, I've always been a gummy fiend. And so, now I get to obviously have like a now I get to obviously have like a now I get to obviously have like a productive health gummy every single day productive health gummy every single day productive health gummy every single day and there's a ton of them that we sell. and there's a ton of them that we sell. and there's a ton of them that we sell. I have a ton of ideas always circulating I have a ton of ideas always circulating I have a ton of ideas always circulating in my head and this notion doc I have. in my head and this notion doc I have. in my head and this notion doc I have. And typically, I sit on those ideas for And typically, I sit on those ideas for And typically, I sit on those ideas for about a year. This one, I was like, about a year. This one, I was like, about a year. This one, I was like, "It's so obvious. I got to do this. I'm "It's so obvious. I got to do this. I'm "It's so obvious. I got to do this. I'm the right person to do it." And so, I the right person to do it." And so, I the right person to do it." And so, I started working on it immediately. started working on it immediately. started working on it immediately. Getting it to launch, now to answer your Getting it to launch, now to answer your Getting it to launch, now to answer your question there, I immediately like question there, I immediately like question there, I immediately like within a week of having the gummy sort within a week of having the gummy sort within a week of having the gummy sort of connection said, "Okay, why hasn't of connection said, "Okay, why hasn't of connection said, "Okay, why hasn't somebody done this in gummy form?" somebody done this in gummy form?" somebody done this in gummy form?" Right? Like you've got a ton of gummies. Right? Like you've got a ton of gummies. Right? Like you've got a ton of gummies. Why hasn't somebody put comprehensive Why hasn't somebody put comprehensive Why hasn't somebody put comprehensive nutrition in a gummy? nutrition in a gummy? nutrition in a gummy? And the big aha moment for me was the And the big aha moment for me was the And the big aha moment for me was the entire gummy industry is built around entire gummy industry is built around entire gummy industry is built around these 60 or 30-count bottles, these 60 or 30-count bottles, these 60 or 30-count bottles, transparent bottles with a cap on the transparent bottles with a cap on the transparent bottles with a cap on the top. That that is as gummy exists. So, I top. That that is as gummy exists. So, I top. That that is as gummy exists. So, I asked the question, asked the question, asked the question, "What What would need to change? What "What What would need to change? What "What What would need to change? What would it need to look like to have gummy would it need to look like to have gummy would it need to look like to have gummy be comprehensive nutrition?" And then be comprehensive nutrition?" And then be comprehensive nutrition?" And then that's when I went down the path of that's when I went down the path of that's when I went down the path of like, "Okay, if it's a you know, a pack, like, "Okay, if it's a you know, a pack, like, "Okay, if it's a you know, a pack, how big's the pack? How many gummies are how big's the pack? How many gummies are how big's the pack? How many gummies are in it? What's the flavor of the gummy? in it? What's the flavor of the gummy? in it? What's the flavor of the gummy? Right. What's the This is important. Right. What's the This is important. Right. What's the This is important. Sam, Sam, you've never taken the Sam, Sam, you've never taken the Sam, Sam, you've never taken the product, right? No, I'm going to buy it product, right? No, I'm going to buy it product, right? No, I'm going to buy it now, though. So, the way it works is now, though. So, the way it works is now, though. So, the way it works is This is a good point you just brought This is a good point you just brought This is a good point you just brought up, which is you don't like when we say up, which is you don't like when we say up, which is you don't like when we say it's a gummy, you think it's a it's a it's a gummy, you think it's a it's a it's a gummy, you think it's a it's a gummy. No. gummy. No. gummy. No. A single serving, you eat eight of these A single serving, you eat eight of these A single serving, you eat eight of these things. So, it's literally like having a things. So, it's literally like having a things. So, it's literally like having a pack of Sour Patch Kids, which I think pack of Sour Patch Kids, which I think pack of Sour Patch Kids, which I think was you know, seems fine, whatever. But was you know, seems fine, whatever. But was you know, seems fine, whatever. But that's actually pretty non-obvious. And that's actually pretty non-obvious. And that's actually pretty non-obvious. And if I'm reading between the lines or if if I'm reading between the lines or if if I'm reading between the lines or if I'm understanding what you're saying, I'm understanding what you're saying, I'm understanding what you're saying, you're saying one of the reasons nobody you're saying one of the reasons nobody you're saying one of the reasons nobody had done the comprehensive gummy was had done the comprehensive gummy was had done the comprehensive gummy was because the gummy would need to be like, because the gummy would need to be like, because the gummy would need to be like, you know, 4 inches large to contain you know, 4 inches large to contain you know, 4 inches large to contain everything. But what if we made it What everything. But what if we made it What everything. But what if we made it What if we made it where it's not a gummy a if we made it where it's not a gummy a if we made it where it's not a gummy a day, it's a pack of eight. We We package day, it's a pack of eight. We We package day, it's a pack of eight. We We package them as little pouches of eight. And them as little pouches of eight. And them as little pouches of eight. And that's how That's how we can do this that's how That's how we can do this that's how That's how we can do this when other people may not have tried to when other people may not have tried to when other people may not have tried to do this. Yeah, yeah, it's it's Our packs do this. Yeah, yeah, it's it's Our packs do this. Yeah, yeah, it's it's Our packs are It's about eight We go off of gram are It's about eight We go off of gram are It's about eight We go off of gram weight, which is about 20 g. And some weight, which is about 20 g. And some weight, which is about 20 g. And some grams are smaller, bigger than others. grams are smaller, bigger than others. grams are smaller, bigger than others. But yeah, it's a it's a full Every gummy But yeah, it's a it's a full Every gummy But yeah, it's a it's a full Every gummy is identical in terms of nutrition. It's is identical in terms of nutrition. It's is identical in terms of nutrition. It's sort of the total of the eight in this sort of the total of the eight in this sort of the total of the eight in this case case case that make up the full dose. I just think that make up the full dose. I just think that make up the full dose. I just think that it's insane that I asked you a that it's insane that I asked you a that it's insane that I asked you a question that I thought was going to be question that I thought was going to be question that I thought was going to be ridiculous about like you pointing like ridiculous about like you pointing like ridiculous about like you pointing like Babe Ruth and saying like, "You know, Babe Ruth and saying like, "You know, Babe Ruth and saying like, "You know, we're going to get to this." And you're we're going to get to this." And you're we're going to get to this." And you're like, "Yes, that was part of the plan." like, "Yes, that was part of the plan." like, "Yes, that was part of the plan." I mean, it's pretty audacious to say I'm I mean, it's pretty audacious to say I'm I mean, it's pretty audacious to say I'm going to get to a 100 million in revenue going to get to a 100 million in revenue going to get to a 100 million in revenue in less than 3 years. in less than 3 years. in less than 3 years. For the people listening, what are the For the people listening, what are the For the people listening, what are the inputs necessary to get to 100 million inputs necessary to get to 100 million inputs necessary to get to 100 million in revenue for an e-com brand in 3 in revenue for an e-com brand in 3 in revenue for an e-com brand in 3 years? years? years? So, it doesn't have to be consumables. I So, it doesn't have to be consumables. I So, it doesn't have to be consumables. I think everybody points at consumables think everybody points at consumables think everybody points at consumables these days and they're like, "Oh, these days and they're like, "Oh, these days and they're like, "Oh, supplements, it's like it's a better supplements, it's like it's a better supplements, it's like it's a better business." It's not necessarily a better business." It's not necessarily a better business." It's not necessarily a better business because if you're selling a a business because if you're selling a a business because if you're selling a a hard good like bed sheets or furniture, hard good like bed sheets or furniture, hard good like bed sheets or furniture, your margins are going to be worse. It's your margins are going to be worse. It's your margins are going to be worse. It's going to be more difficult to ship. Like going to be more difficult to ship. Like going to be more difficult to ship. Like there's a lot of things in there. But there's a lot of things in there. But there's a lot of things in there. But you theoretically make money on day one. you theoretically make money on day one. you theoretically make money on day one. In supplements, you don't. You got to In supplements, you don't. You got to In supplements, you don't. You got to make that money on the retentions. Like make that money on the retentions. Like make that money on the retentions. Like that's a new lever you got to pull to that's a new lever you got to pull to that's a new lever you got to pull to make the business work. So, to answer it make the business work. So, to answer it make the business work. So, to answer it directly, Sam, I think first and directly, Sam, I think first and directly, Sam, I think first and foremost, you've got to have a good foremost, you've got to have a good foremost, you've got to have a good product. A good product doesn't mean product. A good product doesn't mean product. A good product doesn't mean like make a better version of Grüns. like make a better version of Grüns. like make a better version of Grüns. Like that's not going to work for Like that's not going to work for Like that's not going to work for people. What's going to work is finding people. What's going to work is finding people. What's going to work is finding that product category, that white space. that product category, that white space. that product category, that white space. Good product equals new white space. So, Good product equals new white space. So, Good product equals new white space. So, you've seen I'm sure you guys have seen you've seen I'm sure you guys have seen you've seen I'm sure you guys have seen these like nicotine pouches, the whip these like nicotine pouches, the whip these like nicotine pouches, the whip and like ultras of the world. Like and like ultras of the world. Like and like ultras of the world. Like an energy It's basically looks like a an energy It's basically looks like a an energy It's basically looks like a Zyn, but it's not tobacco or nicotine. Zyn, but it's not tobacco or nicotine. Zyn, but it's not tobacco or nicotine. It's energy. Yeah, it's like like It's energy. Yeah, it's like like It's energy. Yeah, it's like like caffeine and other things that caffeine and other things that caffeine and other things that like the nicotine pouches. Amazing. Amazing. Not because I'm a believer in the Not because I'm a believer in the Not because I'm a believer in the product, but amazing because now you're product, but amazing because now you're product, but amazing because now you're taking a new format form factor that taking a new format form factor that taking a new format form factor that doesn't have doesn't have doesn't have competitors. And so, I think anybody competitors. And so, I think anybody competitors. And so, I think anybody looking at it be like, "Oh, I'm going to looking at it be like, "Oh, I'm going to looking at it be like, "Oh, I'm going to do it, too." Like you might find a do it, too." Like you might find a do it, too." Like you might find a little bit of success, but you're not little bit of success, but you're not little bit of success, but you're not going to sell your business. You're not going to sell your business. You're not going to sell your business. You're not going to be the winner here. Go find a going to be the winner here. Go find a going to be the winner here. Go find a new product format. Symbiotica came out new product format. Symbiotica came out new product format. Symbiotica came out with these little liposomals. Who else with these little liposomals. Who else with these little liposomals. Who else have I seen that that's created new? Oh, have I seen that that's created new? Oh, have I seen that that's created new? Oh, you've got like Do you know the product you've got like Do you know the product you've got like Do you know the product Dose? It's like the liver health Dose? It's like the liver health Dose? It's like the liver health product. It's like these little shot product. It's like these little shot product. It's like these little shot glasses. It's like It's like a glasses. It's like It's like a glasses. It's like It's like a concentrated liquid. That's another one. concentrated liquid. That's another one. concentrated liquid. That's another one. I wouldn't Wait, wait, wait, wait, wait. I wouldn't Wait, wait, wait, wait, wait. I wouldn't Wait, wait, wait, wait, wait. A concentrated liquid of what? Liver? A concentrated liquid of what? Liver? A concentrated liquid of what? Liver? Like their supplement is a concentrated Like their supplement is a concentrated Like their supplement is a concentrated liquid for liquid for liquid for the liver. So, look up. I think it's the liver. So, look up. I think it's the liver. So, look up. I think it's dailydose.co dailydose.co dailydose.co is the website. That's another product is the website. That's another product is the website. That's another product that has like a unique format. Another that has like a unique format. Another that has like a unique format. Another one for you. You guys know MaryRuth one for you. You guys know MaryRuth one for you. You guys know MaryRuth Organics or Rho Nutrition, R H O? Organics or Rho Nutrition, R H O? Organics or Rho Nutrition, R H O? Uh-huh. Uh-huh. Uh-huh. So, those are like So, those are like So, those are like I'm not sure if they're liposomal, but I'm not sure if they're liposomal, but I'm not sure if they're liposomal, but they're like liquid vitamins. they're like liquid vitamins. they're like liquid vitamins. Right? Like their approach is we're the Right? Like their approach is we're the Right? Like their approach is we're the liquid vitamins. And I'm shocked there's liquid vitamins. And I'm shocked there's liquid vitamins. And I'm shocked there's no more competition doing that. Like no more competition doing that. Like no more competition doing that. Like these are big businesses. Every single these are big businesses. Every single these are big businesses. Every single one of the ones I just mentioned is a one of the ones I just mentioned is a one of the ones I just mentioned is a big business doing really well. So, the big business doing really well. So, the big business doing really well. So, the framework of this is taking a thing that framework of this is taking a thing that framework of this is taking a thing that everyone knows or many people know and everyone knows or many people know and everyone knows or many people know and just slightly changing the form, the way just slightly changing the form, the way just slightly changing the form, the way you consume. But everything that you've you consume. But everything that you've you consume. But everything that you've named so far has been a consumable. named so far has been a consumable. named so far has been a consumable. Correct. Because that's the space that Correct. Because that's the space that Correct. Because that's the space that I'm like most I'm like most I'm like most familiar with and people typically are familiar with and people typically are familiar with and people typically are looking at right now. But like it would looking at right now. But like it would looking at right now. But like it would be the same thing. Like do you know how be the same thing. Like do you know how be the same thing. Like do you know how big Cozy Earth is? Their whole thing was big Cozy Earth is? Their whole thing was big Cozy Earth is? Their whole thing was bamboo sheets. bamboo sheets. bamboo sheets. Right? And And I don't If you ask me, Right? And And I don't If you ask me, Right? And And I don't If you ask me, I'm sure other businesses sell bamboo I'm sure other businesses sell bamboo I'm sure other businesses sell bamboo sheets. But like that's their thing. sheets. But like that's their thing. sheets. But like that's their thing. And like they're a big business as well. And like they're a big business as well. And like they're a big business as well. And so, I I could give you examples And so, I I could give you examples And so, I I could give you examples across across across all sorts of categories. Obviously, all sorts of categories. Obviously, all sorts of categories. Obviously, supplementation is the easiest for supplementation is the easiest for supplementation is the easiest for people to visualize. So, so the step one people to visualize. So, so the step one people to visualize. So, so the step one you're saying is good product. But let's you're saying is good product. But let's you're saying is good product. But let's say that let's generically what you're say that let's generically what you're say that let's generically what you're saying is the right product. And the saying is the right product. And the saying is the right product. And the right product is a category that's not right product is a category that's not right product is a category that's not already super saturated. And you either already super saturated. And you either already super saturated. And you either either you take an existing category, either you take an existing category, either you take an existing category, you change the form factor to make it you change the form factor to make it you change the form factor to make it new. Or you find a new pain point, new new. Or you find a new pain point, new new. Or you find a new pain point, new problem, new supplement, new whatever. problem, new supplement, new whatever. problem, new supplement, new whatever. And you're going to do it You need some And you're going to do it You need some And you're going to do it You need some point of key differentiation. You're point of key differentiation. You're point of key differentiation. You're vitamins, but you're liquid. You're vitamins, but you're liquid. You're vitamins, but you're liquid. You're sheets, but you're bamboo. You're you sheets, but you're bamboo. You're you sheets, but you're bamboo. You're you know, you're greens, but you're gummies. know, you're greens, but you're gummies. know, you're greens, but you're gummies. And you find that key point of And you find that key point of And you find that key point of differentiation, which gives you new differentiation, which gives you new differentiation, which gives you new category. All right, that's step one category. All right, that's step one category. All right, that's step one Exactly. And to be clear, a couple that Exactly. And to be clear, a couple that Exactly. And to be clear, a couple that I've just seen recently and then I'll I've just seen recently and then I'll I've just seen recently and then I'll tell you the step two. I've seen jelly tell you the step two. I've seen jelly tell you the step two. I've seen jelly beans as a form factor. I've seen beans as a form factor. I've seen beans as a form factor. I've seen lollipops. right? Like people are it it lollipops. right? Like people are it it lollipops. right? Like people are it it Do I think that those businesses are Do I think that those businesses are Do I think that those businesses are going to be huge? Probably not. Like going to be huge? Probably not. Like going to be huge? Probably not. Like it's a little bit niche, but like it's a little bit niche, but like it's a little bit niche, but like they're probably going to be more they're probably going to be more they're probably going to be more successful than somebody making a gummy successful than somebody making a gummy successful than somebody making a gummy like us. Hey, stupid question. You like us. Hey, stupid question. You like us. Hey, stupid question. You started this by saying Sour Patch Kids. started this by saying Sour Patch Kids. started this by saying Sour Patch Kids. Yeah. Yeah. Yeah. >> Um how come none of the gummies are >> Um how come none of the gummies are >> Um how come none of the gummies are sour? This is What doesn't anybody be sour? This is What doesn't anybody be sour? This is What doesn't anybody be like, "It's sour vitamins." I would I like, "It's sour vitamins." I would I like, "It's sour vitamins." I would I would eat that. would eat that. would eat that. >> TBD. Uh we we might we might give you >> TBD. Uh we we might we might give you >> TBD. Uh we we might we might give you something like that, Shawn. I'm a sour something like that, Shawn. I'm a sour something like that, Shawn. I'm a sour fiend as well. I'm going to hit that. fiend as well. I'm going to hit that. fiend as well. I'm going to hit that. Don't worry. Sometimes I want to start Don't worry. Sometimes I want to start Don't worry. Sometimes I want to start the business, and then sometimes I the business, and then sometimes I the business, and then sometimes I realize, "Oh, I know I'm just hungry, realize, "Oh, I know I'm just hungry, realize, "Oh, I know I'm just hungry, and I just want to eat that thing, and I and I just want to eat that thing, and I and I just want to eat that thing, and I don't [laughter] need to start a don't [laughter] need to start a don't [laughter] need to start a business." And this might be the business." And this might be the business." And this might be the category, or maybe I'm just hungry. category, or maybe I'm just hungry. category, or maybe I'm just hungry. >> Wait, you actually said something >> Wait, you actually said something >> Wait, you actually said something interesting. You said it's too niche. Is interesting. You said it's too niche. Is interesting. You said it's too niche. Is there a What's your To get into a there a What's your To get into a there a What's your To get into a hundred million in revenue, is there hundred million in revenue, is there hundred million in revenue, is there Okay, so you said take the form factor, Okay, so you said take the form factor, Okay, so you said take the form factor, and then the second or I don't know if and then the second or I don't know if and then the second or I don't know if this is the second thing, but there this is the second thing, but there this is the second thing, but there there is a TAM related thing here. Is there is a TAM related thing here. Is there is a TAM related thing here. Is there like a there like a there like a a threshold where you're like, "This has a threshold where you're like, "This has a threshold where you're like, "This has legs?" legs?" legs?" Look, like I'm I'm I'm a bit psycho, Look, like I'm I'm I'm a bit psycho, Look, like I'm I'm I'm a bit psycho, right? Like all I've seen around me is right? Like all I've seen around me is right? Like all I've seen around me is businesses getting to hundreds of businesses getting to hundreds of businesses getting to hundreds of millions of revenue quickly. So, like my millions of revenue quickly. So, like my millions of revenue quickly. So, like my gauge for success is in the business I gauge for success is in the business I gauge for success is in the business I started The first business I started, I started The first business I started, I started The first business I started, I literally sunset six months in. It was literally sunset six months in. It was literally sunset six months in. It was at a hundred thousand of revenue at a hundred thousand of revenue at a hundred thousand of revenue and ninety percent EBITDA margins, and I and ninety percent EBITDA margins, and I and ninety percent EBITDA margins, and I sunset it because I said, "This isn't sunset it because I said, "This isn't sunset it because I said, "This isn't big enough. Like this isn't" But that's big enough. Like this isn't" But that's big enough. Like this isn't" But that's how I'm wired, right? Like if somebody how I'm wired, right? Like if somebody how I'm wired, right? Like if somebody wanted to get to a five million dollar wanted to get to a five million dollar wanted to get to a five million dollar cash flow business and run that, like cash flow business and run that, like cash flow business and run that, like that's that's massive success. So, I'm that's that's massive success. So, I'm that's that's massive success. So, I'm I'm not going to like deter people from I'm not going to like deter people from I'm not going to like deter people from But I want to know your your threshold. But I want to know your your threshold. But I want to know your your threshold. Yeah, my threshold Well, I mean, my my Yeah, my threshold Well, I mean, my my Yeah, my threshold Well, I mean, my my sights are even bigger now, right? Like sights are even bigger now, right? Like sights are even bigger now, right? Like I'm still working on Grooms and Neutrubs I'm still working on Grooms and Neutrubs I'm still working on Grooms and Neutrubs and and and uh Juiced and these products you see uh Juiced and these products you see uh Juiced and these products you see behind me. We have more than just Grooms behind me. We have more than just Grooms behind me. We have more than just Grooms now. I'm happy to talk about that. But I now. I'm happy to talk about that. But I now. I'm happy to talk about that. But I I mean, at this point I'm looking only I mean, at this point I'm looking only I mean, at this point I'm looking only at stuff that can be one ten billion at stuff that can be one ten billion at stuff that can be one ten billion dollar outcomes, somewhere around there. dollar outcomes, somewhere around there. dollar outcomes, somewhere around there. So, let's let's keep going in your So, let's let's keep going in your So, let's let's keep going in your formula. What's what's Did we do step formula. What's what's Did we do step formula. What's what's Did we do step two or not yet? two or not yet? two or not yet? >> No, number two, and this is the end of >> No, number two, and this is the end of >> No, number two, and this is the end of it, is LTV to CAC. So, if your if your it, is LTV to CAC. So, if your if your it, is LTV to CAC. So, if your if your business has an LTV to CAC of three business has an LTV to CAC of three business has an LTV to CAC of three times plus, you are golden. Anytime times plus, you are golden. Anytime times plus, you are golden. Anytime people talk about profitability, anytime people talk about profitability, anytime people talk about profitability, anytime people talk about MER, I'm not sure if people talk about MER, I'm not sure if people talk about MER, I'm not sure if you're familiar with that. you're familiar with that. you're familiar with that. Uh it's like marketing efficiency rate Uh it's like marketing efficiency rate Uh it's like marketing efficiency rate ratio. Um I the way that you think about ratio. Um I the way that you think about ratio. Um I the way that you think about it is like if you're if you spend twenty it is like if you're if you spend twenty it is like if you're if you spend twenty percent of your marketing of your percent of your marketing of your percent of your marketing of your revenue on marketing, revenue on marketing, revenue on marketing, then the inverse of that is a five x then the inverse of that is a five x then the inverse of that is a five x MER, right? So, MER, right? So, MER, right? So, one divided by one divided by one divided by >> All you're saying is I want a machine >> All you're saying is I want a machine >> All you're saying is I want a machine where I can buy a customer for a dollar, where I can buy a customer for a dollar, where I can buy a customer for a dollar, and I know that in thirty-six months and I know that in thirty-six months and I know that in thirty-six months that customer will pay me back three that customer will pay me back three that customer will pay me back three dollars, and I'm going to dump as much dollars, and I'm going to dump as much dollars, and I'm going to dump as much dollars I can into the front of that dollars I can into the front of that dollars I can into the front of that funnel as long as that's possible. And funnel as long as that's possible. And funnel as long as that's possible. And I'd say the key here is most people I I I'd say the key here is most people I I I'd say the key here is most people I I don't know. Maybe maybe I'm just wrong, don't know. Maybe maybe I'm just wrong, don't know. Maybe maybe I'm just wrong, but I think a lot of people think but I think a lot of people think but I think a lot of people think lifetime revenue lifetime value as just lifetime revenue lifetime value as just lifetime revenue lifetime value as just revenue. And what you're saying revenue. And what you're saying revenue. And what you're saying importantly here is it's the you know, importantly here is it's the you know, importantly here is it's the you know, totally fully loaded gross profit. So, totally fully loaded gross profit. So, totally fully loaded gross profit. So, to get to three, you're probably to get to three, you're probably to get to three, you're probably actually doing six dollars of revenue on actually doing six dollars of revenue on actually doing six dollars of revenue on that customer, that customer, that customer, close to it, five five to six to get close to it, five five to six to get close to it, five five to six to get three bucks of gross profit off that off three bucks of gross profit off that off three bucks of gross profit off that off that customer. that customer. that customer. >> Correct. Whatever your margin is, but >> Correct. Whatever your margin is, but >> Correct. Whatever your margin is, but yeah, that's correct. You've got to do yeah, that's correct. You've got to do yeah, that's correct. You've got to do the if you hit that three times fully the if you hit that three times fully the if you hit that three times fully burdened gross profit LTV burdened gross profit LTV burdened gross profit LTV uh divided by your CAC, and that equals uh divided by your CAC, and that equals uh divided by your CAC, and that equals three or more, three or more, three or more, you've got a business. How did you know you've got a business. How did you know you've got a business. How did you know that Grooms was going to be one to that Grooms was going to be one to that Grooms was going to be one to three? three? three? Um I didn't. Um I didn't. Um I didn't. I've I'd seen enough to know how it I've I'd seen enough to know how it I've I'd seen enough to know how it might play out, but we we came out with might play out, but we we came out with might play out, but we we came out with a CAC. Everybody in our company since a CAC. Everybody in our company since a CAC. Everybody in our company since day one knew what our CAC ceiling was day one knew what our CAC ceiling was day one knew what our CAC ceiling was that would result in a three times or that would result in a three times or that would result in a three times or greater LTV to CAC. Can you say what greater LTV to CAC. Can you say what greater LTV to CAC. Can you say what that number is or no? What when I first that number is or no? What when I first that number is or no? What when I first started, I mean, I can't really tell started, I mean, I can't really tell started, I mean, I can't really tell you, but what I'll tell you is it's two you, but what I'll tell you is it's two you, but what I'll tell you is it's two x higher today than it was on day one of x higher today than it was on day one of x higher today than it was on day one of launching the business. Why? It's not launching the business. Why? It's not launching the business. Why? It's not because we magically got better LTV. because we magically got better LTV. because we magically got better LTV. It's because I set the CAC so low It's because I set the CAC so low It's because I set the CAC so low to ensure that we'd be able to hit it. to ensure that we'd be able to hit it. to ensure that we'd be able to hit it. So, what does that mean then? Your ads So, what does that mean then? Your ads So, what does that mean then? Your ads need to be extra catchy. In order to need to be extra catchy. In order to need to be extra catchy. In order to make extra catchy ads, you need like a make extra catchy ads, you need like a make extra catchy ads, you need like a super good offer or super good story or super good offer or super good story or super good offer or super good story or super like you know what I mean. super like you know what I mean. super like you know what I mean. >> of it. It's kind of all of it, and that >> of it. It's kind of all of it, and that >> of it. It's kind of all of it, and that that's where like I think this gets so that's where like I think this gets so that's where like I think this gets so difficult is people are like, yeah, difficult is people are like, yeah, difficult is people are like, yeah, sometimes I see the shadow figures that sometimes I see the shadow figures that sometimes I see the shadow figures that are running these drop shipping are running these drop shipping are running these drop shipping companies, and they're like, companies, and they're like, companies, and they're like, "Grooms ads are bad. Like they're not "Grooms ads are bad. Like they're not "Grooms ads are bad. Like they're not even good. They're so like even good. They're so like even good. They're so like non-creative." And that's because we're non-creative." And that's because we're non-creative." And that's because we're like a reputable company that doesn't like a reputable company that doesn't like a reputable company that doesn't say we can cure cancer or we don't do say we can cure cancer or we don't do say we can cure cancer or we don't do these things that some of these shadow these things that some of these shadow these things that some of these shadow figures do. figures do. figures do. Like that's not creative. That's just Like that's not creative. That's just Like that's not creative. That's just actually like bad to do as a human. actually like bad to do as a human. actually like bad to do as a human. Um Um Um But like to answer your question, like But like to answer your question, like But like to answer your question, like it's not just like creating good good it's not just like creating good good it's not just like creating good good ads. You've got to have the good offer. ads. You've got to have the good offer. ads. You've got to have the good offer. You've got to have the good retention. You've got to have the good retention. You've got to have the good retention. You've got to have a good product, You've got to have a good product, You've got to have a good product, right? Like you have to have a product right? Like you have to have a product right? Like you have to have a product that people actually want to take. Um that people actually want to take. Um that people actually want to take. Um like our Amazon LTV to CAC is like our Amazon LTV to CAC is like our Amazon LTV to CAC is phenomenal. Like and that's on a phenomenal. Like and that's on a phenomenal. Like and that's on a platform where we're not advertising the platform where we're not advertising the platform where we're not advertising the way that you do on Meta. We're not like way that you do on Meta. We're not like way that you do on Meta. We're not like you don't have your subscription portal you don't have your subscription portal you don't have your subscription portal in a certain way. It's like a one click in a certain way. It's like a one click in a certain way. It's like a one click cancel button. And that's like leagues cancel button. And that's like leagues cancel button. And that's like leagues beyond what I've seen with other brands beyond what I've seen with other brands beyond what I've seen with other brands in terms of Amazon economics. in terms of Amazon economics. in terms of Amazon economics. DTC is one of these funny spaces. Like I DTC is one of these funny spaces. Like I DTC is one of these funny spaces. Like I I think I DM'd you I think I DM'd you I think I DM'd you I I read our DMs, Shawn, from like It I I read our DMs, Shawn, from like It I I read our DMs, Shawn, from like It was a couple years ago. was a couple years ago. was a couple years ago. >> it would it would have been like in >> it would it would have been like in >> it would it would have been like in 2023. Like three months into the 2023. Like three months into the 2023. Like three months into the business, you're asking about the business, you're asking about the business, you're asking about the landing page. Yeah, so three months into landing page. Yeah, so three months into landing page. Yeah, so three months into the business, I was I think I just sent the business, I was I think I just sent the business, I was I think I just sent you a compliment. I was like, "Hey, I you a compliment. I was like, "Hey, I you a compliment. I was like, "Hey, I think your landing page is really think your landing page is really think your landing page is really great." You know, I guess the great." You know, I guess the great." You know, I guess the interesting thing is you were really you interesting thing is you were really you interesting thing is you were really you were quiet, right? Cuz there's this were quiet, right? Cuz there's this were quiet, right? Cuz there's this weird um paradox, and I would call it weird um paradox, and I would call it weird um paradox, and I would call it the drop shipper's paradox, which is the drop shipper's paradox, which is the drop shipper's paradox, which is sort of the louder somebody tends to be sort of the louder somebody tends to be sort of the louder somebody tends to be about their e-commerce success, I sort about their e-commerce success, I sort about their e-commerce success, I sort of I sort of of I sort of of I sort of proportionally increase my skepticism. proportionally increase my skepticism. proportionally increase my skepticism. And I feel like you were very quiet, and And I feel like you were very quiet, and And I feel like you were very quiet, and you built a killer business, and then you built a killer business, and then you built a killer business, and then now once you've kind of like, you know, now once you've kind of like, you know, now once you've kind of like, you know, reached a a big exit amounts of top reached a a big exit amounts of top reached a a big exit amounts of top sure, you could talk a little bit more sure, you could talk a little bit more sure, you could talk a little bit more about it. You're doing a little bit about it. You're doing a little bit about it. You're doing a little bit spending a little more time. What do you spending a little more time. What do you spending a little more time. What do you think about that? What do you see when think about that? What do you see when think about that? What do you see when you look out at the landscape of like you look out at the landscape of like you look out at the landscape of like people who are are quite vocal, quite people who are are quite vocal, quite people who are are quite vocal, quite loud on on DTC Twitter and other places? loud on on DTC Twitter and other places? loud on on DTC Twitter and other places? You know, I I want to have You know, I I want to have You know, I I want to have sympathy for how others run their sympathy for how others run their sympathy for how others run their businesses. And so, what I will say is businesses. And so, what I will say is businesses. And so, what I will say is like I've had chats with some of these like I've had chats with some of these like I've had chats with some of these people who are louder, who are running, people who are louder, who are running, people who are louder, who are running, you know, these businesses that they you know, these businesses that they you know, these businesses that they they're little shadow businesses. Like they're little shadow businesses. Like they're little shadow businesses. Like you don't know what their business is, you don't know what their business is, you don't know what their business is, but they're doing a hundred million of but they're doing a hundred million of but they're doing a hundred million of revenue or whatever. revenue or whatever. revenue or whatever. And what I've come to realize is some of And what I've come to realize is some of And what I've come to realize is some of these people just don't know yet that these people just don't know yet that these people just don't know yet that what they're doing is inappropriate, what they're doing is inappropriate, what they're doing is inappropriate, right? That the ads they're running is right? That the ads they're running is right? That the ads they're running is in a are inappropriate. They don't in a are inappropriate. They don't in a are inappropriate. They don't really understand the consequences. really understand the consequences. really understand the consequences. They're, you know, they're fist up in They're, you know, they're fist up in They're, you know, they're fist up in their friends about the Lamborghini they their friends about the Lamborghini they their friends about the Lamborghini they just bought. And so, what I would say just bought. And so, what I would say just bought. And so, what I would say there is like I think it's less about there is like I think it's less about there is like I think it's less about how loud people are. I think it's about how loud people are. I think it's about how loud people are. I think it's about the natural evolution that we all go the natural evolution that we all go the natural evolution that we all go through as we learn through as we learn through as we learn what it means to be like a a reputable what it means to be like a a reputable what it means to be like a a reputable business person business person business person running like a clean business. And and running like a clean business. And and running like a clean business. And and that comes with time. I I have to learn that comes with time. I I have to learn that comes with time. I I have to learn most of it through amazing brands that most of it through amazing brands that most of it through amazing brands that with the great executive teams that I with the great executive teams that I with the great executive teams that I learned from, who are mentors and learned from, who are mentors and learned from, who are mentors and friends. And and I think for some of friends. And and I think for some of friends. And and I think for some of these people, they're learning, and it's these people, they're learning, and it's these people, they're learning, and it's going to take a little bit of time. So, going to take a little bit of time. So, going to take a little bit of time. So, from the outside, I look at you, and I from the outside, I look at you, and I from the outside, I look at you, and I think, "Well, you seem really I I've think, "Well, you seem really I I've think, "Well, you seem really I I've only known you for thirty minutes. You only known you for thirty minutes. You only known you for thirty minutes. You seem very calm. You seem very well seem very calm. You seem very well seem very calm. You seem very well balanced. You seem like a lovely person. balanced. You seem like a lovely person. balanced. You seem like a lovely person. The success has been off the charts, and The success has been off the charts, and The success has been off the charts, and I think, "Well, everything's perfect. I think, "Well, everything's perfect. I think, "Well, everything's perfect. This guy's just had it all." Of course, This guy's just had it all." Of course, This guy's just had it all." Of course, I that's not the reality. So, what has I that's not the reality. So, what has I that's not the reality. So, what has What has sucked about this journey? You What has sucked about this journey? You What has sucked about this journey? You know, it's funny. The team We have this know, it's funny. The team We have this know, it's funny. The team We have this joke internally joke internally joke internally that I'm the chillest guy we know. And that I'm the chillest guy we know. And that I'm the chillest guy we know. And it's like sort of kind of true. Like I it's like sort of kind of true. Like I it's like sort of kind of true. Like I am actually a pretty calm person, and I am actually a pretty calm person, and I am actually a pretty calm person, and I think mistakes are all part of the think mistakes are all part of the think mistakes are all part of the learning. Like no business is perfect. A learning. Like no business is perfect. A learning. Like no business is perfect. A perfect business is one that learns perfect business is one that learns perfect business is one that learns quickly from the mistakes that it makes, quickly from the mistakes that it makes, quickly from the mistakes that it makes, and people aren't to blame for that. and people aren't to blame for that. and people aren't to blame for that. What I'll say is I What I'll say is I What I'll say is I you know, I I could give you an example you know, I I could give you an example you know, I I could give you an example of actually like a really rough day we of actually like a really rough day we of actually like a really rough day we had on January 29th of 2024, and I I can had on January 29th of 2024, and I I can had on January 29th of 2024, and I I can tell you a little bit about that. But I tell you a little bit about that. But I tell you a little bit about that. But I would say the hardest thing about would say the hardest thing about would say the hardest thing about building a business like this that folks building a business like this that folks building a business like this that folks just don't appreciate is just don't appreciate is just don't appreciate is just how difficult it is just how difficult it is just how difficult it is to build a team of all-stars, to build a team of all-stars, to build a team of all-stars, and more difficult than that, unleash and more difficult than that, unleash and more difficult than that, unleash them. Give them the space to play and them. Give them the space to play and them. Give them the space to play and run and execute according to their run and execute according to their run and execute according to their abilities. And that's really been our abilities. And that's really been our abilities. And that's really been our unlock is one getting amazing unlock is one getting amazing unlock is one getting amazing individuals. I think if you look at our individuals. I think if you look at our individuals. I think if you look at our executive team, if you look at our executive team, if you look at our executive team, if you look at our entire team, right? The hundred thirty entire team, right? The hundred thirty entire team, right? The hundred thirty people plus at this company, I think people plus at this company, I think people plus at this company, I think people would be like, "That is a stacked people would be like, "That is a stacked people would be like, "That is a stacked team." And they're not going anywhere. team." And they're not going anywhere. team." And they're not going anywhere. We're having a good time. Like we've got We're having a good time. Like we've got We're having a good time. Like we've got a lot ahead of us that we want to do, a lot ahead of us that we want to do, a lot ahead of us that we want to do, and the culture here allows for them to and the culture here allows for them to and the culture here allows for them to excel in a way that they wouldn't be excel in a way that they wouldn't be excel in a way that they wouldn't be able to do otherwise. able to do otherwise. able to do otherwise. >> Can you dive deeper on that? Because >> Can you dive deeper on that? Because >> Can you dive deeper on that? Because people always say hire the best people people always say hire the best people people always say hire the best people and and all that, and I say that, too. and and all that, and I say that, too. and and all that, and I say that, too. And but it's that's I hate when I give And but it's that's I hate when I give And but it's that's I hate when I give that advice or when I receive it because that advice or when I receive it because that advice or when I receive it because I'm not trying to hire the worst people. I'm not trying to hire the worst people. I'm not trying to hire the worst people. Like I am I am trying. So, what does the Like I am I am trying. So, what does the Like I am I am trying. So, what does the best people actually mean? What is What best people actually mean? What is What best people actually mean? What is What What do you look for? What attributes? What do you look for? What attributes? What do you look for? What attributes? Yeah, you know, it's so funny. About the Yeah, you know, it's so funny. About the Yeah, you know, it's so funny. About the same, I've heard people be like, "Oh, same, I've heard people be like, "Oh, same, I've heard people be like, "Oh, well, like somebody could be the best well, like somebody could be the best well, like somebody could be the best for your role." And I'm like, "No, no, for your role." And I'm like, "No, no, for your role." And I'm like, "No, no, no, there's like legit people who are no, there's like legit people who are no, there's like legit people who are the best." Like the best." Like the best." Like you're probably just not able to hire you're probably just not able to hire you're probably just not able to hire them if you're saying like, "Well, we them if you're saying like, "Well, we them if you're saying like, "Well, we got the best for this like narrowly got the best for this like narrowly got the best for this like narrowly carved out role." So, when I say like carved out role." So, when I say like carved out role." So, when I say like the best is what we're looking for is the best is what we're looking for is the best is what we're looking for is people who have confidence to make people who have confidence to make people who have confidence to make decisions. decisions. decisions. Right? So, everyone has the ability to Right? So, everyone has the ability to Right? So, everyone has the ability to be essentially a CEO. And frankly, I be essentially a CEO. And frankly, I be essentially a CEO. And frankly, I would not be surprised if we're talking would not be surprised if we're talking would not be surprised if we're talking five years from now, and a lot of the five years from now, and a lot of the five years from now, and a lot of the folks here at Grooms have started folks here at Grooms have started folks here at Grooms have started companies that are really successful companies that are really successful companies that are really successful because they've had that skill set, that because they've had that skill set, that because they've had that skill set, that repetition of making decisions as if repetition of making decisions as if repetition of making decisions as if they're the CEO. Uh and so, they're the CEO. Uh and so, they're the CEO. Uh and so, I I would say that it comes down to just I I would say that it comes down to just I I would say that it comes down to just being like being like being like reps, experience, training in in reps, experience, training in in reps, experience, training in in whatever function, if you're a marketing whatever function, if you're a marketing whatever function, if you're a marketing person, a retention person, if you're a person, a retention person, if you're a person, a retention person, if you're a product person. And then product person. And then product person. And then the hardest part, again, and this is the hardest part, again, and this is the hardest part, again, and this is where I think the people listening to where I think the people listening to where I think the people listening to this who might be founders or CEOs have this who might be founders or CEOs have this who might be founders or CEOs have to check themselves is how do you to check themselves is how do you to check themselves is how do you unblock these people? How do you get out unblock these people? How do you get out unblock these people? How do you get out of the way to ensure that everybody of the way to ensure that everybody of the way to ensure that everybody together is building something massive? together is building something massive? together is building something massive? I want to ask you about your marketing, I want to ask you about your marketing, I want to ask you about your marketing, cuz I think you did world-class cuz I think you did world-class cuz I think you did world-class marketing. Like we said, years ago I marketing. Like we said, years ago I marketing. Like we said, years ago I compliment First thing I ever said to compliment First thing I ever said to compliment First thing I ever said to you was, "Yo, nice landing page." you was, "Yo, nice landing page." you was, "Yo, nice landing page." Right? That's the highest form of of Right? That's the highest form of of Right? That's the highest form of of respect I give. respect I give. respect I give. Um you I want to actually open up here. Um you I want to actually open up here. Um you I want to actually open up here. Let me screen share. I want to show you Let me screen share. I want to show you Let me screen share. I want to show you your Facebook ad library, and I just your Facebook ad library, and I just your Facebook ad library, and I just want you to talk us through want you to talk us through want you to talk us through a sort of a 10-minute masterclass on a sort of a 10-minute masterclass on a sort of a 10-minute masterclass on marketing. marketing. marketing. Yeah, cuz I want you to tell me what you Yeah, cuz I want you to tell me what you Yeah, cuz I want you to tell me what you see cuz you know, the average person see cuz you know, the average person see cuz you know, the average person will look at this, they don't really will look at this, they don't really will look at this, they don't really know what to take. I want you to point know what to take. I want you to point know what to take. I want you to point out what's interesting here. Let me see out what's interesting here. Let me see out what's interesting here. Let me see if I can zoom this a little bit. Uh, if I can zoom this a little bit. Uh, if I can zoom this a little bit. Uh, what's interesting here, what to notice, what's interesting here, what to notice, what's interesting here, what to notice, what to learn from, uh, that would apply what to learn from, uh, that would apply what to learn from, uh, that would apply to other people in their businesses, how to other people in their businesses, how to other people in their businesses, how to think about marketing the way you to think about marketing the way you to think about marketing the way you guys thought about marketing. Yeah, I guys thought about marketing. Yeah, I guys thought about marketing. Yeah, I mean, the first thing I see when you go mean, the first thing I see when you go mean, the first thing I see when you go back up is like, what does it say? Poop back up is like, what does it say? Poop back up is like, what does it say? Poop more? Like, what are the supplemental more? Like, what are the supplemental more? Like, what are the supplemental brand you know that's like being a brand you know that's like being a brand you know that's like being a little bit sassy with commentary like little bit sassy with commentary like little bit sassy with commentary like that. Now you see it a little bit more that. Now you see it a little bit more that. Now you see it a little bit more from these brands that are like just from these brands that are like just from these brands that are like just talking about their clinicals all the talking about their clinicals all the talking about their clinicals all the time. time. time. Which nothing against clinicals. Like we Which nothing against clinicals. Like we Which nothing against clinicals. Like we do clinicals, too. And we do we test our do clinicals, too. And we do we test our do clinicals, too. And we do we test our product electively well beyond what's product electively well beyond what's product electively well beyond what's sort of required, but like we just don't sort of required, but like we just don't sort of required, but like we just don't talk about it cuz that's not fun. It's talk about it cuz that's not fun. It's talk about it cuz that's not fun. It's so like what I would say here is like so like what I would say here is like so like what I would say here is like these are fun ads, right? Like this is these are fun ads, right? Like this is these are fun ads, right? Like this is like if somebody sees that, they're like if somebody sees that, they're like if somebody sees that, they're probably laughing a little bit. Like if probably laughing a little bit. Like if probably laughing a little bit. Like if you scroll down you scroll down you scroll down you know, we spent some time on GLP-1 as you know, we spent some time on GLP-1 as you know, we spent some time on GLP-1 as an angle. And I'm really proud the day an angle. And I'm really proud the day an angle. And I'm really proud the day that we decided to do this because that we decided to do this because that we decided to do this because everyone around us and I don't spend everyone around us and I don't spend everyone around us and I don't spend enough time on Instagram to know. enough time on Instagram to know. enough time on Instagram to know. Everyone around us is like, "Nature is Everyone around us is like, "Nature is Everyone around us is like, "Nature is Ozempic." Or um like they they'll say Ozempic." Or um like they they'll say Ozempic." Or um like they they'll say something like that which is like something like that which is like something like that which is like objectively wrong. Like you're not objectively wrong. Like you're not objectively wrong. Like you're not supposed to say that. We've never taken supposed to say that. We've never taken supposed to say that. We've never taken that approach. We are what we would say that approach. We are what we would say that approach. We are what we would say the best friend to Ozempic, to the best friend to Ozempic, to the best friend to Ozempic, to tirzepatide, Zepbound, whatever the sort tirzepatide, Zepbound, whatever the sort tirzepatide, Zepbound, whatever the sort of GLP-1s are. So you were able to kind of GLP-1s are. So you were able to kind of GLP-1s are. So you were able to kind of surf that wave. You were able to of surf that wave. You were able to of surf that wave. You were able to hijack some of the momentum of that hijack some of the momentum of that hijack some of the momentum of that product and position yourself not as a product and position yourself not as a product and position yourself not as a replacement but as a companion. replacement but as a companion. replacement but as a companion. >> Companion. Wait, why did you have Why do >> Companion. Wait, why did you have Why do >> Companion. Wait, why did you have Why do you have an Olipop? Okay, there's you have an Olipop? Okay, there's you have an Olipop? Okay, there's >> GL The GLP-1's new Crush ad was that >> GL The GLP-1's new Crush ad was that >> GL The GLP-1's new Crush ad was that Olipop image on it. So we're running a Olipop image on it. So we're running a Olipop image on it. So we're running a limited-time offer right now with limited-time offer right now with limited-time offer right now with Olipop. Oh, it's like a flavor. It's an Olipop. Oh, it's like a flavor. It's an Olipop. Oh, it's like a flavor. It's an Olipop flavor kind Olipop flavor kind Olipop flavor kind >> is this is Gruvi's which I guess you can >> is this is Gruvi's which I guess you can >> is this is Gruvi's which I guess you can see right here. I'm pointing to it in see right here. I'm pointing to it in see right here. I'm pointing to it in the video. Maybe people are on audio, the video. Maybe people are on audio, the video. Maybe people are on audio, but we've got Gruvi's sort of original. but we've got Gruvi's sort of original. but we've got Gruvi's sort of original. And then, you know, every month or 2 And then, you know, every month or 2 And then, you know, every month or 2 months we do these limited-time offer months we do these limited-time offer months we do these limited-time offer drops with In this case it's Olipop drops with In this case it's Olipop drops with In this case it's Olipop strawberry vanilla flavor. You know, the strawberry vanilla flavor. You know, the strawberry vanilla flavor. You know, the first one we did was like a Gruvi Smith first one we did was like a Gruvi Smith first one we did was like a Gruvi Smith apple, like Granny Smith apple flavored. apple, like Granny Smith apple flavored. apple, like Granny Smith apple flavored. We did a Grinch sour Grinch punch last We did a Grinch sour Grinch punch last We did a Grinch sour Grinch punch last year in November. So we do these this year in November. So we do these this year in November. So we do these this Again, back to the whole like, "How do Again, back to the whole like, "How do Again, back to the whole like, "How do we make this fun?" Like you tell me one we make this fun?" Like you tell me one we make this fun?" Like you tell me one of the other stuff on the brand that's of the other stuff on the brand that's of the other stuff on the brand that's doing like drops and and making it doing like drops and and making it doing like drops and and making it actually fun to to take the product each actually fun to to take the product each actually fun to to take the product each day. So it looks like you've got day. So it looks like you've got day. So it looks like you've got different angles. So you've got, "Hey, different angles. So you've got, "Hey, different angles. So you've got, "Hey, we're we're, you know, Ozempic's best we're we're, you know, Ozempic's best we're we're, you know, Ozempic's best friend." You've got poop more. You've friend." You've got poop more. You've friend." You've got poop more. You've got, "Nurse, you know, the nurse here got, "Nurse, you know, the nurse here got, "Nurse, you know, the nurse here who's, uh, Probably talking about who's, uh, Probably talking about who's, uh, Probably talking about nutrient gaps. nutrient gaps. nutrient gaps. >> Nurse Jackie talking about nutrients. So >> Nurse Jackie talking about nutrients. So >> Nurse Jackie talking about nutrients. So you have these different angles and I'm you have these different angles and I'm you have these different angles and I'm guessing that these each lead to a guessing that these each lead to a guessing that these each lead to a landing page that aligns with that landing page that aligns with that landing page that aligns with that message, correct? So it's like Yeah. message, correct? So it's like Yeah. message, correct? So it's like Yeah. five, six different angles, each to a five, six different angles, each to a five, six different angles, each to a tailored landing page that continues tailored landing page that continues tailored landing page that continues that message. And then you Are you doing that message. And then you Are you doing that message. And then you Are you doing that just to experiment to find one that just to experiment to find one that just to experiment to find one winner? Or you're like, "No, we're going winner? Or you're like, "No, we're going winner? Or you're like, "No, we're going to keep running five or six of these cuz to keep running five or six of these cuz to keep running five or six of these cuz there's just different markets of there's just different markets of there's just different markets of different customers who have different different customers who have different different customers who have different mindsets and we're going to try to get mindsets and we're going to try to get mindsets and we're going to try to get all of them." Yeah, to to make this all of them." Yeah, to to make this all of them." Yeah, to to make this super applicable for people, you should super applicable for people, you should super applicable for people, you should test ads in high volume. So find new test ads in high volume. So find new test ads in high volume. So find new angles, test all over the place, find angles, test all over the place, find angles, test all over the place, find what sticks with an eye towards being a what sticks with an eye towards being a what sticks with an eye towards being a human, right? Don't don't say that you human, right? Don't don't say that you human, right? Don't don't say that you like you're going to make somebody's sex like you're going to make somebody's sex like you're going to make somebody's sex better if your product doesn't actually better if your product doesn't actually better if your product doesn't actually do that. do that. do that. >> [laughter] >> [laughter] >> [laughter] >> Like actually do the science validation >> Like actually do the science validation >> Like actually do the science validation if your product can help with certain if your product can help with certain if your product can help with certain things. Once you've identified an angle things. Once you've identified an angle things. Once you've identified an angle that seems to be running, then you build that seems to be running, then you build that seems to be running, then you build the entire funnel around it. So you've the entire funnel around it. So you've the entire funnel around it. So you've got you've got static ads that talk to got you've got static ads that talk to got you've got static ads that talk to that angle. You've got UGC sort of hoist that angle. You've got UGC sort of hoist that angle. You've got UGC sort of hoist the camera angle, um, ads that run at the camera angle, um, ads that run at the camera angle, um, ads that run at that. You've got, um, like more like that. You've got, um, like more like that. You've got, um, like more like cinematic type shoots that run at that cinematic type shoots that run at that cinematic type shoots that run at that angle. Everything you're just plowing angle. Everything you're just plowing angle. Everything you're just plowing all sorts of ad concepts to or or sorry, all sorts of ad concepts to or or sorry, all sorts of ad concepts to or or sorry, ad structures to that angle. From there, ad structures to that angle. From there, ad structures to that angle. From there, where people land is really important. where people land is really important. where people land is really important. What people receive as a pop-up is What people receive as a pop-up is What people receive as a pop-up is really important. What people receive as really important. What people receive as really important. What people receive as email and SMS is really important. email and SMS is really important. email and SMS is really important. Everything is tailored to that message. Everything is tailored to that message. Everything is tailored to that message. So if you came in on a gut health ad, we So if you came in on a gut health ad, we So if you came in on a gut health ad, we want everything tailored to, "Hey, you want everything tailored to, "Hey, you want everything tailored to, "Hey, you know, Sam just expressed interest in the know, Sam just expressed interest in the know, Sam just expressed interest in the gut health ad." Great, then Sam's gut health ad." Great, then Sam's gut health ad." Great, then Sam's probably interested in gut health. Let's probably interested in gut health. Let's probably interested in gut health. Let's give a pop-up to help them understand give a pop-up to help them understand give a pop-up to help them understand what about gut health is he interested what about gut health is he interested what about gut health is he interested in. That pop-up informs what messages we in. That pop-up informs what messages we in. That pop-up informs what messages we send on email and SMS, um, towards Sam's send on email and SMS, um, towards Sam's send on email and SMS, um, towards Sam's expressed concern. That page is dialed expressed concern. That page is dialed expressed concern. That page is dialed for Sam's intent. And then on the back for Sam's intent. And then on the back for Sam's intent. And then on the back end of that, once people have purchased, end of that, once people have purchased, end of that, once people have purchased, this is something that we're trying to this is something that we're trying to this is something that we're trying to put into process now put into process now put into process now how do we talk to Sam long-term? You how do we talk to Sam long-term? You how do we talk to Sam long-term? You know, he may have started on gut health, know, he may have started on gut health, know, he may have started on gut health, but how would he how do we get Sam to but how would he how do we get Sam to but how would he how do we get Sam to understand that there's so much more to understand that there's so much more to understand that there's so much more to this product than just gut health? And this product than just gut health? And this product than just gut health? And do that over time, building on sort of do that over time, building on sort of do that over time, building on sort of the foundation of why this product was, the foundation of why this product was, the foundation of why this product was, uh, important. uh, important. uh, important. Most everything you're saying, Most everything you're saying, Most everything you're saying, um, it's sort of like when I win read um, it's sort of like when I win read um, it's sort of like when I win read the book How to Win Friends and the book How to Win Friends and the book How to Win Friends and Influence People, I'm like, "Oh yeah, Influence People, I'm like, "Oh yeah, Influence People, I'm like, "Oh yeah, this is obvious. Makes sense. Makes this is obvious. Makes sense. Makes this is obvious. Makes sense. Makes sense." But the hard part is execution. sense." But the hard part is execution. sense." But the hard part is execution. Um, and it's it seems like you're Um, and it's it seems like you're Um, and it's it seems like you're ruthlessly, uh, ruthlessly, uh, ruthlessly, uh, in a kind way executing. What's So I'm in a kind way executing. What's So I'm in a kind way executing. What's So I'm going to ask a bunch of questions that I going to ask a bunch of questions that I going to ask a bunch of questions that I think you can answer in one in one go. think you can answer in one in one go. think you can answer in one in one go. How many ads and landing pages per month How many ads and landing pages per month How many ads and landing pages per month are you putting out? And I think you are you putting out? And I think you are you putting out? And I think you only said you had a 30-person team. That only said you had a 30-person team. That only said you had a 30-person team. That seems like a lot of output for a seems like a lot of output for a seems like a lot of output for a relatively small team. Can you talk relatively small team. Can you talk relatively small team. Can you talk about like who's doing the work? Yeah. about like who's doing the work? Yeah. about like who's doing the work? Yeah. Uh, we're probably putting out hundreds Uh, we're probably putting out hundreds Uh, we're probably putting out hundreds of ads a month, cycling in and out, uh, of ads a month, cycling in and out, uh, of ads a month, cycling in and out, uh, just trying to find that next, just trying to find that next, just trying to find that next, you know, unlock. Um, we try to create you know, unlock. Um, we try to create you know, unlock. Um, we try to create new concepts pretty consistently. So, new concepts pretty consistently. So, new concepts pretty consistently. So, uh, uh, uh, it's not just about ad volume. It's it's not just about ad volume. It's it's not just about ad volume. It's actually structured around like how much actually structured around like how much actually structured around like how much of that is like of that is like of that is like business as usual, ads that we already business as usual, ads that we already business as usual, ads that we already know or in structure or sorry, concepts, know or in structure or sorry, concepts, know or in structure or sorry, concepts, themes that we know already work. And themes that we know already work. And themes that we know already work. And how much of that is like we're trying to how much of that is like we're trying to how much of that is like we're trying to find new frontier, find new frontier, find new frontier, um, of applicability. In terms of the um, of applicability. In terms of the um, of applicability. In terms of the team, team, team, you know, you know, you know, when Sean reached out to me in December when Sean reached out to me in December when Sean reached out to me in December of 2023 of 2023 of 2023 saying, "Hey, nice landing page." That saying, "Hey, nice landing page." That saying, "Hey, nice landing page." That was me. Right? Like I was the guy who was me. Right? Like I was the guy who was me. Right? Like I was the guy who built that landing page. We didn't use built that landing page. We didn't use built that landing page. We didn't use an agency. I think I even said that in an agency. I think I even said that in an agency. I think I even said that in the the message cuz you asked. That was the the message cuz you asked. That was the the message cuz you asked. That was me from the beginning and, you know, you me from the beginning and, you know, you me from the beginning and, you know, you you see our buy box that a place where you see our buy box that a place where you see our buy box that a place where you do that, the cart, which you've you do that, the cart, which you've you do that, the cart, which you've people ripped that over the last 3 people ripped that over the last 3 people ripped that over the last 3 years, copying that buy box. If they years, copying that buy box. If they years, copying that buy box. If they only knew that random dude named Chad only knew that random dude named Chad only knew that random dude named Chad who's not like an e-com expert, you who's not like an e-com expert, you who's not like an e-com expert, you know, broadly across D2C. I I know quite know, broadly across D2C. I I know quite know, broadly across D2C. I I know quite a bit, but like I'm not an e-com guy who a bit, but like I'm not an e-com guy who a bit, but like I'm not an e-com guy who builds these sites. The whole industry builds these sites. The whole industry builds these sites. The whole industry is mimicking this this format. Yeah, is mimicking this this format. Yeah, is mimicking this this format. Yeah, it's really interesting to see that I it's really interesting to see that I it's really interesting to see that I think people need to test around. And think people need to test around. And think people need to test around. And since then we found new formats that since then we found new formats that since then we found new formats that work. But talking about the team, we've work. But talking about the team, we've work. But talking about the team, we've got people across We've got like three got people across We've got like three got people across We've got like three folks on the retention team who do the folks on the retention team who do the folks on the retention team who do the emails, emails, emails, SMS, who set up all the flows that allow SMS, who set up all the flows that allow SMS, who set up all the flows that allow for our consumers to have a good for our consumers to have a good for our consumers to have a good experience. Um, so they're focused on experience. Um, so they're focused on experience. Um, so they're focused on after order one, what does that journey after order one, what does that journey after order one, what does that journey look like through order hundreds, right? look like through order hundreds, right? look like through order hundreds, right? We've got a large team doing paid, so We've got a large team doing paid, so We've got a large team doing paid, so creating ads, the actual creatives. We creating ads, the actual creatives. We creating ads, the actual creatives. We have probably have probably have probably four plus, maybe five or six creative four plus, maybe five or six creative four plus, maybe five or six creative strategists who actually create the ads strategists who actually create the ads strategists who actually create the ads and then we have people who design and and then we have people who design and and then we have people who design and do the video edits. And then we have the do the video edits. And then we have the do the video edits. And then we have the people who actually manage the ad people who actually manage the ad people who actually manage the ad accounts, right? There's probably four accounts, right? There's probably four accounts, right? There's probably four or five of those who actually like are or five of those who actually like are or five of those who actually like are looking at the analytics, evaluating, looking at the analytics, evaluating, looking at the analytics, evaluating, passing back to the creative strategist passing back to the creative strategist passing back to the creative strategist saying, "Here's what's working. Iterate saying, "Here's what's working. Iterate saying, "Here's what's working. Iterate on that." We've got e-com team that's on that." We've got e-com team that's on that." We've got e-com team that's absolutely dialed. The the velocity absolutely dialed. The the velocity absolutely dialed. The the velocity coming out of e-com now, so landing page coming out of e-com now, so landing page coming out of e-com now, so landing page designs, iterations on the cart, designs, iterations on the cart, designs, iterations on the cart, checkout, post-purchase, like all of checkout, post-purchase, like all of checkout, post-purchase, like all of that good stuff. We're we're constantly that good stuff. We're we're constantly that good stuff. We're we're constantly iterating on it. I mean, it's so fun to iterating on it. I mean, it's so fun to iterating on it. I mean, it's so fun to see, right? Like it used to be me see, right? Like it used to be me see, right? Like it used to be me throwing up a quick website, throwing up a quick website, throwing up a quick website, um, against that angle. And now we've um, against that angle. And now we've um, against that angle. And now we've got like a full, um, infrastructure got like a full, um, infrastructure got like a full, um, infrastructure around it. So that's crazy. That just around it. So that's crazy. That just around it. So that's crazy. That just not seem like a lot of That doesn't seem not seem like a lot of That doesn't seem not seem like a lot of That doesn't seem like a big operation for creating like a big operation for creating like a big operation for creating hundreds of millions of dollars of hundreds of millions of dollars of hundreds of millions of dollars of revenue and hundreds of ads. It It revenue and hundreds of ads. It It revenue and hundreds of ads. It It doesn't require a lot. And I would tell doesn't require a lot. And I would tell doesn't require a lot. And I would tell people that they can do it themselves, people that they can do it themselves, people that they can do it themselves, right? You create a template in, you right? You create a template in, you right? You create a template in, you know, shout out to Replo is the platform know, shout out to Replo is the platform know, shout out to Replo is the platform that I used. And I think you can do that I used. And I think you can do that I used. And I think you can do hundreds of millions of hundreds of millions of hundreds of millions of revenue on Replo. Um, I think it's revenue on Replo. Um, I think it's revenue on Replo. Um, I think it's replo.app is the website and it's a replo.app is the website and it's a replo.app is the website and it's a Shopify plugin. Shopify plugin. Shopify plugin. I mean, it's such a good platform. You I mean, it's such a good platform. You I mean, it's such a good platform. You can just create a template. The only can just create a template. The only can just create a template. The only thing you need to swap out is like the thing you need to swap out is like the thing you need to swap out is like the headline, whether it says gut health or headline, whether it says gut health or headline, whether it says gut health or it talks about pick your other ad theme. it talks about pick your other ad theme. it talks about pick your other ad theme. So substitute the like, uh, little So substitute the like, uh, little So substitute the like, uh, little blocks on the page with the new ad copy. blocks on the page with the new ad copy. blocks on the page with the new ad copy. It's like it's not that hard. Like you It's like it's not that hard. Like you It's like it's not that hard. Like you in a day you can create a completely new in a day you can create a completely new in a day you can create a completely new ad funnel that is going to have ad funnel that is going to have ad funnel that is going to have incremental performance against a sort incremental performance against a sort incremental performance against a sort of general landing page. That guy's of general landing page. That guy's of general landing page. That guy's going to clip that clip and make that going to clip that clip and make that going to clip that clip and make that mad. mad. mad. >> [laughter] >> [laughter] >> [laughter] >> Yeah, get ready to see your face on a >> Yeah, get ready to see your face on a >> Yeah, get ready to see your face on a Replo ad. Look, and and I have no Replo ad. Look, and and I have no Replo ad. Look, and and I have no problem. They don't charge I mean, I've problem. They don't charge I mean, I've problem. They don't charge I mean, I've told them before, they don't charge told them before, they don't charge told them before, they don't charge enough. It It It's It's stupid how much enough. It It It's It's stupid how much enough. It It It's It's stupid how much value you can get out of that. And I value you can get out of that. And I value you can get out of that. And I would say this about a lot of our would say this about a lot of our would say this about a lot of our platforms. They're just getting a platforms. They're just getting a platforms. They're just getting a shout-out cuz it's relevant here. shout-out cuz it's relevant here. shout-out cuz it's relevant here. What do you see when you look at average What do you see when you look at average What do you see when you look at average marketing versus world-class marketing? marketing versus world-class marketing? marketing versus world-class marketing? What do you think if I'm somebody who's What do you think if I'm somebody who's What do you think if I'm somebody who's got a brand or a company and I have a got a brand or a company and I have a got a brand or a company and I have a landing page, I got ads, I'm doing all landing page, I got ads, I'm doing all landing page, I got ads, I'm doing all the things. He said test creative, I'm the things. He said test creative, I'm the things. He said test creative, I'm testing creative. He said test landing I testing creative. He said test landing I testing creative. He said test landing I think I'm doing that. What are the most think I'm doing that. What are the most think I'm doing that. What are the most typically missing typically missing typically missing when you either advise a founder or you when you either advise a founder or you when you either advise a founder or you go look at somebody else's brand and go look at somebody else's brand and go look at somebody else's brand and you're like, "Oh man, they're just not you're like, "Oh man, they're just not you're like, "Oh man, they're just not doing this one thing. This these two doing this one thing. This these two doing this one thing. This these two things well enough to really jump from things well enough to really jump from things well enough to really jump from average or good to great." Yeah, the average or good to great." Yeah, the average or good to great." Yeah, the better product is typically what it better product is typically what it better product is typically what it comes down to. It's like so unhelpful comes down to. It's like so unhelpful comes down to. It's like so unhelpful cuz it's like you got to cut your cuz it's like you got to cut your cuz it's like you got to cut your losses. But like a lot of the people who losses. But like a lot of the people who losses. But like a lot of the people who are trying to like find these hacks, are trying to like find these hacks, are trying to like find these hacks, they're doing it with like a they're doing it with like a they're doing it with like a a mailed-in product. Like some They like a mailed-in product. Like some They like a mailed-in product. Like some They like didn't We took a year to develop our didn't We took a year to develop our didn't We took a year to develop our product. It's custom blends. Well, how product. It's custom blends. Well, how product. It's custom blends. Well, how did you know that it worked? Because a did you know that it worked? Because a did you know that it worked? Because a lot of times when I take vitamins, I lot of times when I take vitamins, I lot of times when I take vitamins, I don't necessarily know if it's working. don't necessarily know if it's working. don't necessarily know if it's working. Did you like get your blood tested a Did you like get your blood tested a Did you like get your blood tested a bunch? This is the beauty of this bunch? This is the beauty of this bunch? This is the beauty of this industry is if you go to PubMed, um, are industry is if you go to PubMed, um, are industry is if you go to PubMed, um, are you familiar with PubMed? It's a public you familiar with PubMed? It's a public you familiar with PubMed? It's a public It's a where studies are, right? It's a where studies are, right? It's a where studies are, right? >> Yeah, all the studies are published >> Yeah, all the studies are published >> Yeah, all the studies are published there. I mean, there. I mean, there. I mean, if you put vitamin C in your product and if you put vitamin C in your product and if you put vitamin C in your product and there's thousands of studies about what there's thousands of studies about what there's thousands of studies about what vitamin C does, sure, maybe I don't know vitamin C does, sure, maybe I don't know vitamin C does, sure, maybe I don't know the precise outcomes of a 120-person the precise outcomes of a 120-person the precise outcomes of a 120-person blind sample survey placebo-controlled blind sample survey placebo-controlled blind sample survey placebo-controlled trial. trial. trial. But like I can pretty much guess what But like I can pretty much guess what But like I can pretty much guess what the outcomes are going to be based on the outcomes are going to be based on the outcomes are going to be based on the thousands of other published studies the thousands of other published studies the thousands of other published studies against vitamin C. So to answer your against vitamin C. So to answer your against vitamin C. So to answer your question, Sam, no, I didn't prior to question, Sam, no, I didn't prior to question, Sam, no, I didn't prior to launching I hadn't done those tests. But launching I hadn't done those tests. But launching I hadn't done those tests. But like I looked through thousands of like I looked through thousands of like I looked through thousands of articles to land on what I believed the articles to land on what I believed the articles to land on what I believed the the right formulation would be for our the right formulation would be for our the right formulation would be for our product. And that's also what I tested product. And that's also what I tested product. And that's also what I tested with consumers pre-launch is, what's with consumers pre-launch is, what's with consumers pre-launch is, what's your perception of of this label? What's your perception of of this label? What's your perception of of this label? What's your perception of this mini gummy, this your perception of this mini gummy, this your perception of this mini gummy, this size of gummy, this flavor of gummy, all size of gummy, this flavor of gummy, all size of gummy, this flavor of gummy, all that stuff. that stuff. that stuff. What's on your ideas list, but you're What's on your ideas list, but you're What's on your ideas list, but you're not going to actually go do it, so you not going to actually go do it, so you not going to actually go do it, so you can you can riff with us here of can you can riff with us here of can you can riff with us here of brainstorming other brands, other ideas brainstorming other brands, other ideas brainstorming other brands, other ideas that you think are interesting. May not that you think are interesting. May not that you think are interesting. May not may or may not work, but it interesting. may or may not work, but it interesting. may or may not work, but it interesting. >> Yeah, and also you mentioned that you >> Yeah, and also you mentioned that you >> Yeah, and also you mentioned that you have a notion doc, if you if you're have a notion doc, if you if you're have a notion doc, if you if you're comfortable If you want to pull up your comfortable If you want to pull up your comfortable If you want to pull up your bank balance, we can also just do that. bank balance, we can also just do that. bank balance, we can also just do that. >> [laughter] >> [laughter] >> [laughter] >> Tell you why I wrote the instructions >> Tell you why I wrote the instructions >> Tell you why I wrote the instructions too on too on too on Here's what I'll say. Here's what I'll say. Here's what I'll say. One thing that I that I disagree with is One thing that I that I disagree with is One thing that I that I disagree with is people say ideas aren't worth anything. people say ideas aren't worth anything. people say ideas aren't worth anything. Oh man, do I disagree. Oh man, do I disagree. Oh man, do I disagree. I I think ideas are worth so much in the I I think ideas are worth so much in the I I think ideas are worth so much in the right hands. And in my hands they're in right hands. And in my hands they're in right hands. And in my hands they're in the right hands, I believe, and every the right hands, I believe, and every the right hands, I believe, and every founder should believe that about founder should believe that about founder should believe that about themselves. themselves. themselves. Um, and so there's certain ideas I can't Um, and so there's certain ideas I can't Um, and so there's certain ideas I can't share cuz I'm like share cuz I'm like share cuz I'm like guys, like I I legit have an idea that guys, like I I legit have an idea that guys, like I I legit have an idea that years from now, like I've still got a years from now, like I've still got a years from now, like I've still got a lot I want to do with Grüns, like like lot I want to do with Grüns, like like lot I want to do with Grüns, like like actually there's a lot I want to do with actually there's a lot I want to do with actually there's a lot I want to do with this business. I'm not done here. But this business. I'm not done here. But this business. I'm not done here. But like years from now, I think there's an like years from now, I think there's an like years from now, I think there's an idea that no one else is going to be idea that no one else is going to be idea that no one else is going to be able to run at that is a $10 billion able to run at that is a $10 billion able to run at that is a $10 billion business idea. And I'm and I'm business idea. And I'm and I'm business idea. And I'm and I'm >> just say it now and we'll bleep it out >> just say it now and we'll bleep it out >> just say it now and we'll bleep it out and we can react. and we can react. and we can react. >> Yeah, totally. Yeah, give us like a code >> Yeah, totally. Yeah, give us like a code >> Yeah, totally. Yeah, give us like a code word or something so we can we can at word or something so we can we can at word or something so we can we can at least give you credit for it uh years least give you credit for it uh years least give you credit for it uh years later. Hey, look, we're not we're the later. Hey, look, we're not we're the later. Hey, look, we're not we're the wrong heads. When when you see it, wrong heads. When when you see it, wrong heads. When when you see it, you'll know. You'll see it and you'll you'll know. You'll see it and you'll you'll know. You'll see it and you'll go, oh yeah, this is a bill this is a go, oh yeah, this is a bill this is a go, oh yeah, this is a bill this is a big business idea. Um big business idea. Um big business idea. Um So and I don't think anybody's going to So and I don't think anybody's going to So and I don't think anybody's going to do that in the meantime while I'm do that in the meantime while I'm do that in the meantime while I'm finishing my chapter here at Grüns and finishing my chapter here at Grüns and finishing my chapter here at Grüns and doing what I set out to do. Okay, well, doing what I set out to do. Okay, well, doing what I set out to do. Okay, well, what what what what are some other ideas what what what what are some other ideas what what what what are some other ideas that if in the right hands are great that if in the right hands are great that if in the right hands are great that that aren't your hands? that that aren't your hands? that that aren't your hands? I had this idea one time. It has nothing I had this idea one time. It has nothing I had this idea one time. It has nothing to do with consumer. to do with consumer. to do with consumer. Um, and I actually almost ran with it Um, and I actually almost ran with it Um, and I actually almost ran with it around the time I was starting Grüns, around the time I was starting Grüns, around the time I was starting Grüns, and I still think it's a good idea, but and I still think it's a good idea, but and I still think it's a good idea, but I'm not going to be the one to do it, so I'm not going to be the one to do it, so I'm not going to be the one to do it, so I'm happy to share it. I'm happy to share it. I'm happy to share it. Right now, there is no way to direct the Right now, there is no way to direct the Right now, there is no way to direct the money that you have coming in from like money that you have coming in from like money that you have coming in from like direct deposit. So that direct deposit direct deposit. So that direct deposit direct deposit. So that direct deposit hits your checking account and then hits your checking account and then hits your checking account and then we've all got to have the willpower to we've all got to have the willpower to we've all got to have the willpower to decide, oh, put 10% in savings and put decide, oh, put 10% in savings and put decide, oh, put 10% in savings and put this against your bills and do this over this against your bills and do this over this against your bills and do this over here, blah blah blah. here, blah blah blah. here, blah blah blah. What if you become the essentially the What if you become the essentially the What if you become the essentially the distribution layer of ACH transfers? So distribution layer of ACH transfers? So distribution layer of ACH transfers? So it hits this distribution layer and it hits this distribution layer and it hits this distribution layer and before that person has to have the before that person has to have the before that person has to have the willpower to decide what they're going willpower to decide what they're going willpower to decide what they're going to do with it. And and this is helpful to do with it. And and this is helpful to do with it. And and this is helpful for so many people in their lives, for so many people in their lives, for so many people in their lives, right? It it gets wired out to the the right? It it gets wired out to the the right? It it gets wired out to the the rent that they have. It gets wired out rent that they have. It gets wired out rent that they have. It gets wired out to their car payment. It gets wired out to their car payment. It gets wired out to their car payment. It gets wired out to blank over here over here into their to blank over here over here into their to blank over here over here into their investment. And so what actually hits investment. And so what actually hits investment. And so what actually hits their account that they're spending their account that they're spending their account that they're spending against is 500 bucks for groceries or against is 500 bucks for groceries or against is 500 bucks for groceries or whatever it is. And I the technology whatever it is. And I the technology whatever it is. And I the technology exists to do this, right? It hasn't been exists to do this, right? It hasn't been exists to do this, right? It hasn't been structured. I I can't remember what structured. I I can't remember what structured. I I can't remember what platform it last for, but there's a platform it last for, but there's a platform it last for, but there's a platform that can facilitate what I just platform that can facilitate what I just platform that can facilitate what I just described to you. So like this idea described to you. So like this idea described to you. So like this idea could be done tomorrow. That's a great could be done tomorrow. That's a great could be done tomorrow. That's a great idea. Even whether it's for consumer or idea. Even whether it's for consumer or idea. Even whether it's for consumer or for businesses, have you ever read the for businesses, have you ever read the for businesses, have you ever read the book Profit First? book Profit First? book Profit First? No. No. No. Somebody recommended on the podcast and Somebody recommended on the podcast and Somebody recommended on the podcast and they go it was like the time when my they go it was like the time when my they go it was like the time when my girlfriend bought me the book The Game girlfriend bought me the book The Game girlfriend bought me the book The Game before I went to college and we were before I went to college and we were before I went to college and we were going to break up and I was like, you going to break up and I was like, you going to break up and I was like, you need to learn how to talk to girls. I need to learn how to talk to girls. I need to learn how to talk to girls. I was like, oh, thank you. I was like I it was like, oh, thank you. I was like I it was like, oh, thank you. I was like I it was a gift, but it was also a message. was a gift, but it was also a message. was a gift, but it was also a message. And my friend told me about this book And my friend told me about this book And my friend told me about this book Profit First, I think it was a gift and Profit First, I think it was a gift and Profit First, I think it was a gift and a message. And the message was, hey, a message. And the message was, hey, a message. And the message was, hey, you're running this business you're running this business you're running this business and you've been doing it for years, but and you've been doing it for years, but and you've been doing it for years, but you're not pulling out any profits and you're not pulling out any profits and you're not pulling out any profits and you don't know where all the money's you don't know where all the money's you don't know where all the money's going. It's profitable on paper, but going. It's profitable on paper, but going. It's profitable on paper, but like you're not getting money out of like you're not getting money out of like you're not getting money out of this. And that's a very common business this. And that's a very common business this. And that's a very common business owner problem. And there's this book owner problem. And there's this book owner problem. And there's this book called Profit First, which has this called Profit First, which has this called Profit First, which has this philosophy, which is basically you philosophy, which is basically you philosophy, which is basically you preset the budget. So what most people preset the budget. So what most people preset the budget. So what most people do is they say, I have this much revenue do is they say, I have this much revenue do is they say, I have this much revenue then they have all their expenses and then they have all their expenses and then they have all their expenses and then they it's kind of like surprise, then they it's kind of like surprise, then they it's kind of like surprise, whatever's left over, that's your whatever's left over, that's your whatever's left over, that's your profit. And you're usually quite profit. And you're usually quite profit. And you're usually quite disappointed with that surprise. The disappointed with that surprise. The disappointed with that surprise. The better way what this guy advocates for better way what this guy advocates for better way what this guy advocates for is like you just set a budget for your is like you just set a budget for your is like you just set a budget for your P&L. Here you say, oh, I'm going to P&L. Here you say, oh, I'm going to P&L. Here you say, oh, I'm going to spend 25% on OPEX. I'm going to I need spend 25% on OPEX. I'm going to I need spend 25% on OPEX. I'm going to I need to reserve 20% for taxes, so I'm not to reserve 20% for taxes, so I'm not to reserve 20% for taxes, so I'm not stressed out every tax season, so I just stressed out every tax season, so I just stressed out every tax season, so I just want to put that and you basically want to put that and you basically want to put that and you basically literally just create four separate literally just create four separate literally just create four separate accounts. You create a tax account, a accounts. You create a tax account, a accounts. You create a tax account, a checking account, so automatically 20% checking account, so automatically 20% checking account, so automatically 20% gets go goes in there and that's waiting gets go goes in there and that's waiting gets go goes in there and that's waiting for it's in a like a money market for it's in a like a money market for it's in a like a money market account until tax season. You have your account until tax season. You have your account until tax season. You have your OPEX account and so now your team has to OPEX account and so now your team has to OPEX account and so now your team has to run on a budget. It's like, this is how run on a budget. It's like, this is how run on a budget. It's like, this is how much you have to spend. You don't get to much you have to spend. You don't get to much you have to spend. You don't get to just spend whatever and keep eating out just spend whatever and keep eating out just spend whatever and keep eating out of profits. And you set a profit of profits. And you set a profit of profits. And you set a profit threshold where you say, I want to have threshold where you say, I want to have threshold where you say, I want to have 50% profit. So it basically 50% profit. So it basically 50% profit. So it basically pre-allocates to you as every dollar pre-allocates to you as every dollar pre-allocates to you as every dollar comes in, 15 cents will go to the profit comes in, 15 cents will go to the profit comes in, 15 cents will go to the profit bucket, 25% 25 cents will go to the OPEX bucket, 25% 25 cents will go to the OPEX bucket, 25% 25 cents will go to the OPEX bucket. And it's it's actually kind of a bucket. And it's it's actually kind of a bucket. And it's it's actually kind of a life-changing idea because it forces it life-changing idea because it forces it life-changing idea because it forces it forces discipline. You think you're forces discipline. You think you're forces discipline. You think you're running pretty lean until you actually running pretty lean until you actually running pretty lean until you actually have a hard cap on expenses and then you have a hard cap on expenses and then you have a hard cap on expenses and then you realize like, oh, actually there was way realize like, oh, actually there was way realize like, oh, actually there was way more fat I could trim. I actually could more fat I could trim. I actually could more fat I could trim. I actually could have been this profitable yesterday. I have been this profitable yesterday. I have been this profitable yesterday. I just I let it be an output rather than just I let it be an output rather than just I let it be an output rather than an input. But it but unfortunately an input. But it but unfortunately an input. But it but unfortunately there's not an easy way to do so. Very there's not an easy way to do so. Very there's not an easy way to do so. Very you have to like you have to like you have to like set up seven accounts with your bank and set up seven accounts with your bank and set up seven accounts with your bank and then you have to tell your accountant, then you have to tell your accountant, then you have to tell your accountant, hey, keep doing these sweeps every two hey, keep doing these sweeps every two hey, keep doing these sweeps every two weeks. Have you guys heard of Simp Do weeks. Have you guys heard of Simp Do weeks. Have you guys heard of Simp Do you guys remember Simple? Uh you guys remember Simple? Uh you guys remember Simple? Uh I loved Simple. It was really cool. I I I loved Simple. It was really cool. I I I loved Simple. It was really cool. I I don't I think it's gone. It got it was don't I think it's gone. It got it was don't I think it's gone. It got it was one of the very first Silicon Valley one of the very first Silicon Valley one of the very first Silicon Valley um um um uh banking uh banking uh banking >> Neo banks. company yeah, neo banks and >> Neo banks. company yeah, neo banks and >> Neo banks. company yeah, neo banks and it was I don't even think neo bank was a it was I don't even think neo bank was a it was I don't even think neo bank was a description. description. description. >> system where you like put digitally >> system where you like put digitally >> system where you like put digitally money into different envelopes. money into different envelopes. money into different envelopes. >> and like I didn't I didn't make a lot of >> and like I didn't I didn't make a lot of >> and like I didn't I didn't make a lot of money at the time and I was like, but I money at the time and I was like, but I money at the time and I was like, but I want to like fly home to St. Louis to want to like fly home to St. Louis to want to like fly home to St. Louis to see my Yeah. family and so like it said see my Yeah. family and so like it said see my Yeah. family and so like it said it would take me four months and so I it would take me four months and so I it would take me four months and so I automatically when it would come into my automatically when it would come into my automatically when it would come into my bank account, the way it would visualize bank account, the way it would visualize bank account, the way it would visualize it, it was still one bank account. It it, it was still one bank account. It it, it was still one bank account. It was like, well, this is this is how much was like, well, this is this is how much was like, well, this is this is how much is left, you know, that you have 350 is left, you know, that you have 350 is left, you know, that you have 350 bucks in your bucks in your bucks in your spending account, but you have another spending account, but you have another spending account, but you have another 400 in your vacation account. So like 400 in your vacation account. So like 400 in your vacation account. So like don't touch that money. It was pretty don't touch that money. It was pretty don't touch that money. It was pretty cool. cool. cool. So so Sam, the here's what I love about So so Sam, the here's what I love about So so Sam, the here's what I love about this idea and Sean, you're bringing up this idea and Sean, you're bringing up this idea and Sean, you're bringing up actually why I think this is even actually why I think this is even actually why I think this is even potentially more compelling for potentially more compelling for potentially more compelling for businesses because if you're changing businesses because if you're changing businesses because if you're changing the way that the P&L works, I mean, the way that the P&L works, I mean, the way that the P&L works, I mean, venture capital firms want that because venture capital firms want that because venture capital firms want that because now there's more discipline around the now there's more discipline around the now there's more discipline around the money that they're giving. money that they're giving. money that they're giving. >> Totally. The the small founders who are >> Totally. The the small founders who are >> Totally. The the small founders who are making 5 million a year who want to pull making 5 million a year who want to pull making 5 million a year who want to pull 500,000 out, they want it because now 500,000 out, they want it because now 500,000 out, they want it because now it's like, oh well, I'm forcing myself it's like, oh well, I'm forcing myself it's like, oh well, I'm forcing myself into that discipline to pull 500,000 out into that discipline to pull 500,000 out into that discipline to pull 500,000 out every year. Like that's a huge use case every year. Like that's a huge use case every year. Like that's a huge use case that I wasn't thinking of. In in terms that I wasn't thinking of. In in terms that I wasn't thinking of. In in terms of personal, the problem with budgeting of personal, the problem with budgeting of personal, the problem with budgeting today is it's done I I grew up in a today is it's done I I grew up in a today is it's done I I grew up in a family where at the age of six I was in family where at the age of six I was in family where at the age of six I was in Quicken. Quicken. Quicken. And like I had to take every receipt, And like I had to take every receipt, And like I had to take every receipt, scan it, type it in back in the you scan it, type it in back in the you scan it, type it in back in the you know, the old days. know, the old days. know, the old days. >> made you do that? >> made you do that? >> made you do that? >> taught me budgeting, yeah. Um, and in >> taught me budgeting, yeah. Um, and in >> taught me budgeting, yeah. Um, and in like we were so against debt and like we were so against debt and like we were so against debt and everything else, but I had like I it was everything else, but I had like I it was everything else, but I had like I it was so it was awesome until there was an so it was awesome until there was an so it was awesome until there was an imbalance at the end of the month and I imbalance at the end of the month and I imbalance at the end of the month and I had to go search for the 20 cents that had to go search for the 20 cents that had to go search for the 20 cents that was off. Is that like a Mormon thing? was off. Is that like a Mormon thing? was off. Is that like a Mormon thing? Because I've I've I think I've met a Because I've I've I think I've met a Because I've I've I think I've met a bunch of Mormon buddies who are very bunch of Mormon buddies who are very bunch of Mormon buddies who are very disciplined with their monthly disciplined with their monthly disciplined with their monthly budgeting. Yeah, it might be honestly. budgeting. Yeah, it might be honestly. budgeting. Yeah, it might be honestly. It might be something that's I mean, It might be something that's I mean, It might be something that's I mean, there's a lot of like financial there's a lot of like financial there's a lot of like financial discipline in general, but but to put discipline in general, but but to put discipline in general, but but to put put the headline on it, to me what I put the headline on it, to me what I put the headline on it, to me what I love about this idea is it solves what I love about this idea is it solves what I love about this idea is it solves what I think sucked about the granularity of think sucked about the granularity of think sucked about the granularity of like wasting hours a a month, a week on like wasting hours a a month, a week on like wasting hours a a month, a week on like typing in all my stuff. And it also like typing in all my stuff. And it also like typing in all my stuff. And it also solves the other end where like people solves the other end where like people solves the other end where like people they get to the end of the month and they get to the end of the month and they get to the end of the month and they're like, it was actually a hassle they're like, it was actually a hassle they're like, it was actually a hassle to do that. Did I change any of my to do that. Did I change any of my to do that. Did I change any of my behaviors based on it? I don't know. And behaviors based on it? I don't know. And behaviors based on it? I don't know. And then the other end of it's like Mint then the other end of it's like Mint then the other end of it's like Mint back before that got acquired or back before that got acquired or back before that got acquired or whatever and I think the other one today whatever and I think the other one today whatever and I think the other one today is Monarch, which I like Monarch. Now I is Monarch, which I like Monarch. Now I is Monarch, which I like Monarch. Now I like I have like I have like I have >> yeah. >> yeah. >> yeah. >> more money. It's like it's helpful to >> more money. It's like it's helpful to >> more money. It's like it's helpful to see, but like Monarch's not really like see, but like Monarch's not really like see, but like Monarch's not really like a proactive platform, right? It's like, a proactive platform, right? It's like, a proactive platform, right? It's like, oh, I'm just like getting information. oh, I'm just like getting information. oh, I'm just like getting information. >> I'll tell you how bad you're doing at it >> I'll tell you how bad you're doing at it >> I'll tell you how bad you're doing at it versus, hey, let me just fix it for you. versus, hey, let me just fix it for you. versus, hey, let me just fix it for you. What you want is a fix it for me What you want is a fix it for me What you want is a fix it for me solution. I really wonder whether you solution. I really wonder whether you solution. I really wonder whether you know, with agents or you know, you take know, with agents or you know, you take know, with agents or you know, you take the popularity of like Mercury or the the popularity of like Mercury or the the popularity of like Mercury or the kind of all the popular neo banks that kind of all the popular neo banks that kind of all the popular neo banks that are pretty product first are pretty product first are pretty product first >> Yeah. and they're more programmable, I >> Yeah. and they're more programmable, I >> Yeah. and they're more programmable, I wonder if either somebody could build it wonder if either somebody could build it wonder if either somebody could build it on top of one of those banks or if on top of one of those banks or if on top of one of those banks or if they'll end up releasing something like they'll end up releasing something like they'll end up releasing something like this themselves. I think you get this themselves. I think you get this themselves. I think you get acquired. I I think if you run this acquired. I I think if you run this acquired. I I think if you run this business, you're going to be acquired business, you're going to be acquired business, you're going to be acquired for 500 million to a billion in like two for 500 million to a billion in like two for 500 million to a billion in like two years. If you execute this right, like years. If you execute this right, like years. If you execute this right, like somebody out there listening right now, somebody out there listening right now, somebody out there listening right now, feel free to send me a DM when you do feel free to send me a DM when you do feel free to send me a DM when you do it. Like this this idea, the it. Like this this idea, the it. Like this this idea, the infrastructure exists to be able to do infrastructure exists to be able to do infrastructure exists to be able to do this if you execute it correctly. this if you execute it correctly. this if you execute it correctly. You you are one making a massive impact You you are one making a massive impact You you are one making a massive impact in millions of people's lives and two, in millions of people's lives and two, in millions of people's lives and two, you will have a financial outcome. What you will have a financial outcome. What you will have a financial outcome. What would be cool is then if in 12 months we would be cool is then if in 12 months we would be cool is then if in 12 months we have to say, hey everyone, we did this have to say, hey everyone, we did this have to say, hey everyone, we did this podcast with Chad. Here here's what he podcast with Chad. Here here's what he podcast with Chad. Here here's what he said and then we heard this clip that said and then we heard this clip that said and then we heard this clip that you just said and then we're like, you just said and then we're like, you just said and then we're like, here's the update. Um, because this is here's the update. Um, because this is here's the update. Um, because this is this is fantastic. This is really cool. this is fantastic. This is really cool. this is fantastic. This is really cool. We we we do this segment all the time. We we we do this segment all the time. We we we do this segment all the time. This is this is a top tier idea. This is this is a top tier idea. This is this is a top tier idea. You you have a couple of quotes that you You you have a couple of quotes that you You you have a couple of quotes that you sent us or like kind of philosophies. We sent us or like kind of philosophies. We sent us or like kind of philosophies. We always ask people, what are your what always ask people, what are your what always ask people, what are your what are the philosophies you live by that are the philosophies you live by that are the philosophies you live by that you think are not not something you think are not not something you think are not not something everybody does or not everybody believes everybody does or not everybody believes everybody does or not everybody believes in. in. in. You said one one of them that I like you You said one one of them that I like you You said one one of them that I like you go, access is everything. And you go, access is everything. And you go, access is everything. And you explained how you didn't have a ton of explained how you didn't have a ton of explained how you didn't have a ton of access early on, but you know, through access early on, but you know, through access early on, but you know, through Summit and Stanford, like how can you Summit and Stanford, like how can you Summit and Stanford, like how can you explain your access is everything explain your access is everything explain your access is everything philosophy? philosophy? philosophy? Yeah, um I think access and the Yeah, um I think access and the Yeah, um I think access and the privilege of having access in the world privilege of having access in the world privilege of having access in the world is something that when you don't have is something that when you don't have is something that when you don't have it, surround yourself with people who do it, surround yourself with people who do it, surround yourself with people who do and do good work for them and you will and do good work for them and you will and do good work for them and you will get access every time. And then when you get access every time. And then when you get access every time. And then when you do have it, like the privilege I now do have it, like the privilege I now do have it, like the privilege I now have, I see it as your obligation, my have, I see it as your obligation, my have, I see it as your obligation, my obligation to give that back to others. obligation to give that back to others. obligation to give that back to others. So explain what you what you mean by So explain what you what you mean by So explain what you what you mean by access. What's the personal story where access. What's the personal story where access. What's the personal story where where where this kind of where where this kind of where where this kind of resonates? resonates? resonates? >> Yeah, you know, like >> Yeah, you know, like >> Yeah, you know, like I'm a dude named Chad. I I worked in I'm a dude named Chad. I I worked in I'm a dude named Chad. I I worked in private equity. What you see today would private equity. What you see today would private equity. What you see today would not have existed without people leaning not have existed without people leaning not have existed without people leaning in and giving me access every time in and giving me access every time in and giving me access every time incrementally and me doing good work for incrementally and me doing good work for incrementally and me doing good work for them. them. them. So like if you go back, I mean, I was So like if you go back, I mean, I was So like if you go back, I mean, I was always curious on this cuz I think you always curious on this cuz I think you always curious on this cuz I think you get asked in those questionnaires, like get asked in those questionnaires, like get asked in those questionnaires, like are you are you middle income, high are you are you middle income, high are you are you middle income, high income, low income? And like I was aware income, low income? And like I was aware income, low income? And like I was aware of sort of wealth, but if I looked at of sort of wealth, but if I looked at of sort of wealth, but if I looked at sort of the income that my parents had sort of the income that my parents had sort of the income that my parents had and I have seven there's seven of us and I have seven there's seven of us and I have seven there's seven of us kids, so six siblings and and our kids, so six siblings and and our kids, so six siblings and and our income, I think I was like bottom bin in income, I think I was like bottom bin in income, I think I was like bottom bin in class is like how it was defined. class is like how it was defined. class is like how it was defined. And I'm not saying that from a And I'm not saying that from a And I'm not saying that from a standpoint of like a shame, but like I'm standpoint of like a shame, but like I'm standpoint of like a shame, but like I'm grateful grateful grateful to have lived in this area and seen to have lived in this area and seen to have lived in this area and seen these people cuz I think you can solve a these people cuz I think you can solve a these people cuz I think you can solve a lot by just giving awareness to kids lot by just giving awareness to kids lot by just giving awareness to kids about what's possible. about what's possible. about what's possible. It's like the grasshopper moment. Once It's like the grasshopper moment. Once It's like the grasshopper moment. Once they know, it's like, oh, now you can go they know, it's like, oh, now you can go they know, it's like, oh, now you can go get it. So, I get I was recruiting for get it. So, I get I was recruiting for get it. So, I get I was recruiting for the big three consulting, McKinsey, BCG, the big three consulting, McKinsey, BCG, the big three consulting, McKinsey, BCG, Bain through a contact who he put me in Bain through a contact who he put me in Bain through a contact who he put me in touch. I didn't get it, but I landed touch. I didn't get it, but I landed touch. I didn't get it, but I landed through another another mentor this this through another another mentor this this through another another mentor this this gig at Lazard. I did really good work. gig at Lazard. I did really good work. gig at Lazard. I did really good work. And Lazard's an investment bank. So, in And Lazard's an investment bank. So, in And Lazard's an investment bank. So, in New York City, one of the top premier New York City, one of the top premier New York City, one of the top premier investment banks working on mergers and investment banks working on mergers and investment banks working on mergers and acquisitions. That mentor, I'm still acquisitions. That mentor, I'm still acquisitions. That mentor, I'm still close to him. I went and visited him, close to him. I went and visited him, close to him. I went and visited him, right? So, he gave me access and that right? So, he gave me access and that right? So, he gave me access and that access then landed me at Summit access then landed me at Summit access then landed me at Summit Partners. At Summit Partners, I did Partners. At Summit Partners, I did Partners. At Summit Partners, I did phenomenal work for them. I deployed I phenomenal work for them. I deployed I phenomenal work for them. I deployed I literally invested like 30% of that literally invested like 30% of that literally invested like 30% of that fund, a $5 billion fund. Like I invested fund, a $5 billion fund. Like I invested fund, a $5 billion fund. Like I invested that. I sourced the deals that made them that. I sourced the deals that made them that. I sourced the deals that made them the money behind that. I did really good the money behind that. I did really good the money behind that. I did really good work. And there's this moment when I got work. And there's this moment when I got work. And there's this moment when I got into Stanford that I was like, oh man, into Stanford that I was like, oh man, into Stanford that I was like, oh man, like should I feel bad because I know like should I feel bad because I know like should I feel bad because I know how this works. Like I only got in. Like how this works. Like I only got in. Like how this works. Like I only got in. Like yeah, I've had a ton of accomplishments yeah, I've had a ton of accomplishments yeah, I've had a ton of accomplishments added to a 3.95 GPA. I've worked at added to a 3.95 GPA. I've worked at added to a 3.95 GPA. I've worked at great places. But this white dude named great places. But this white dude named great places. But this white dude named Chad, like should I feel bad about this Chad, like should I feel bad about this Chad, like should I feel bad about this that I got into Stanford? And what I that I got into Stanford? And what I that I got into Stanford? And what I came to appreciate is like, came to appreciate is like, came to appreciate is like, no, I shouldn't feel bad knowing that no, I shouldn't feel bad knowing that no, I shouldn't feel bad knowing that the reason why I got in is because, you the reason why I got in is because, you the reason why I got in is because, you know, two people who are very close to know, two people who are very close to know, two people who are very close to the Stanford folks sent a text and a the Stanford folks sent a text and a the Stanford folks sent a text and a nice letter of recommendation for me. I nice letter of recommendation for me. I nice letter of recommendation for me. I shouldn't feel bad about that cuz shouldn't feel bad about that cuz shouldn't feel bad about that cuz they're not just doing that. they're not just doing that. they're not just doing that. Right? They're doing that because I did Right? They're doing that because I did Right? They're doing that because I did good work for them. I made their lives good work for them. I made their lives good work for them. I made their lives easier. I earned their trust. And so, easier. I earned their trust. And so, easier. I earned their trust. And so, maybe I wasn't born into that access maybe I wasn't born into that access maybe I wasn't born into that access where my dad can send a text to Stanford where my dad can send a text to Stanford where my dad can send a text to Stanford and say let my let my son in. But you and say let my let my son in. But you and say let my let my son in. But you can earn that by doing good work for the can earn that by doing good work for the can earn that by doing good work for the people who do have that access. And people who do have that access. And people who do have that access. And they're they're so eager to help you they're they're so eager to help you they're they're so eager to help you have that sort of accomplishment. So, have that sort of accomplishment. So, have that sort of accomplishment. So, that's how I think about access. And that's how I think about access. And that's how I think about access. And it's part of when, you know, I got asked it's part of when, you know, I got asked it's part of when, you know, I got asked recently like, what's your legacy you recently like, what's your legacy you recently like, what's your legacy you want to leave on the world? And I'm want to leave on the world? And I'm want to leave on the world? And I'm like, I you know, I'm like 33 years old. like, I you know, I'm like 33 years old. like, I you know, I'm like 33 years old. But the way I think about it is like, But the way I think about it is like, But the way I think about it is like, I want to give that that access that I want to give that that access that I want to give that that access that I've sort of like either been granted or I've sort of like either been granted or I've sort of like either been granted or earned over the last many years. And I I earned over the last many years. And I I earned over the last many years. And I I want to ensure that more people have want to ensure that more people have want to ensure that more people have access to that who who spend their their access to that who who spend their their access to that who who spend their their lives working with me and putting good lives working with me and putting good lives working with me and putting good work. work. work. Dude, you're you're awesome. You are so Dude, you're you're awesome. You are so Dude, you're you're awesome. You are so cool. I think that um when I was cool. I think that um when I was cool. I think that um when I was younger, I met this really successful younger, I met this really successful younger, I met this really successful guy named Scott Belsky who was the chief guy named Scott Belsky who was the chief guy named Scott Belsky who was the chief product officer of Adobe and product officer of Adobe and product officer of Adobe and an amazing entrepreneur, an amazing entrepreneur, an amazing entrepreneur, maybe a billion billionaire. And he used maybe a billion billionaire. And he used maybe a billion billionaire. And he used this word with me that I never heard this word with me that I never heard this word with me that I never heard before. This idea he used he said, I'm before. This idea he used he said, I'm before. This idea he used he said, I'm going to invest in you and you need to going to invest in you and you need to going to invest in you and you need to be a steward of my capital. be a steward of my capital. be a steward of my capital. And I was like, I don't know what is And I was like, I don't know what is And I was like, I don't know what is that word steward? I never heard of that word steward? I never heard of that word steward? I never heard of that. It's just like this idea that you that. It's just like this idea that you that. It's just like this idea that you need to be the vehicle that that need to be the vehicle that that need to be the vehicle that that protects and passes on like a little bit protects and passes on like a little bit protects and passes on like a little bit of greatness. That's kind of how I of greatness. That's kind of how I of greatness. That's kind of how I interpreted it. And you are that person. interpreted it. And you are that person. interpreted it. And you are that person. So, So, So, my friend Austin Reef, do you know my friend Austin Reef, do you know my friend Austin Reef, do you know Austin Reef? Austin Reef? Austin Reef? >> He's the >> He's the >> He's the one of the Morning Brew. Yeah, one of the Morning Brew. Yeah, one of the Morning Brew. Yeah, started and sold the company for started and sold the company for started and sold the company for hundreds of millions of dollars when he hundreds of millions of dollars when he hundreds of millions of dollars when he was 30 years old. He was texting me was 30 years old. He was texting me was 30 years old. He was texting me about this new idea that he was working about this new idea that he was working about this new idea that he was working on or brainstorming. And I was like, do on or brainstorming. And I was like, do on or brainstorming. And I was like, do you think it's going to be successful? you think it's going to be successful? you think it's going to be successful? He goes, it can be successful if I want He goes, it can be successful if I want He goes, it can be successful if I want it to be. it to be. it to be. And I love that because what you and him And I love that because what you and him And I love that because what you and him both said something very similar. You both said something very similar. You both said something very similar. You have this similar mindset. But I find have this similar mindset. But I find have this similar mindset. But I find myself being around him and people like myself being around him and people like myself being around him and people like you and it's contagious. you and it's contagious. you and it's contagious. Yeah, you know, when I thought about Yeah, you know, when I thought about Yeah, you know, when I thought about whether I should be whether I should be whether I should be I've tried to figure out whether my I've tried to figure out whether my I've tried to figure out whether my impact on the world is more narrowly impact on the world is more narrowly impact on the world is more narrowly focused on the people who spend hours, focused on the people who spend hours, focused on the people who spend hours, thousands of hours with me working thousands of hours with me working thousands of hours with me working inside of rooms or if I should have more inside of rooms or if I should have more inside of rooms or if I should have more of an impact publicly trying to relay of an impact publicly trying to relay of an impact publicly trying to relay some of this message. It's hard though, some of this message. It's hard though, some of this message. It's hard though, you know, like to relay all of this you know, like to relay all of this you know, like to relay all of this these experiences that I've had in in a these experiences that I've had in in a these experiences that I've had in in a public forum that allows for millions to public forum that allows for millions to public forum that allows for millions to to learn. But you're totally right, Sam. to learn. But you're totally right, Sam. to learn. But you're totally right, Sam. Like at the end of the day, Like at the end of the day, Like at the end of the day, why why was I able to build what I why why was I able to build what I why why was I able to build what I built? It's cuz I knew it was possible, built? It's cuz I knew it was possible, built? It's cuz I knew it was possible, right? Like I saw it done many many right? Like I saw it done many many right? Like I saw it done many many times by others. And if I ever had a times by others. And if I ever had a times by others. And if I ever had a question, I could I could go ping those question, I could I could go ping those question, I could I could go ping those people. And so, network, experiences, people. And so, network, experiences, people. And so, network, experiences, awareness of what's possible. I think awareness of what's possible. I think awareness of what's possible. I think there's a there's a there's a maybe a different way to say what you maybe a different way to say what you maybe a different way to say what you just said. You know, the way you just just said. You know, the way you just just said. You know, the way you just said it was kind of like, hey, I got I said it was kind of like, hey, I got I said it was kind of like, hey, I got I was pretty fortunate that these things was pretty fortunate that these things was pretty fortunate that these things happened and I did my part, but they did happened and I did my part, but they did happened and I did my part, but they did their part. This happens a lot with their part. This happens a lot with their part. This happens a lot with entrepreneurs as we sort of stumble and entrepreneurs as we sort of stumble and entrepreneurs as we sort of stumble and fumble our way to success. And fumble our way to success. And fumble our way to success. And afterwards, you can actually look back afterwards, you can actually look back afterwards, you can actually look back and realize like, oh, there it wasn't and realize like, oh, there it wasn't and realize like, oh, there it wasn't complete random. It wasn't complete complete random. It wasn't complete complete random. It wasn't complete chance. And in fact, you could have chance. And in fact, you could have chance. And in fact, you could have recreate the conditions of success more recreate the conditions of success more recreate the conditions of success more reliably knowing what I know now. And reliably knowing what I know now. And reliably knowing what I know now. And so, I would just point to three words so, I would just point to three words so, I would just point to three words that you just said. The first one is that you just said. The first one is that you just said. The first one is exposure. You really can't imagine what exposure. You really can't imagine what exposure. You really can't imagine what you've never seen. Your brain won't go you've never seen. Your brain won't go you've never seen. Your brain won't go anywhere if you don't have any exposure anywhere if you don't have any exposure anywhere if you don't have any exposure to things. I to things. I to things. I was talking about this with Ben, my was talking about this with Ben, my was talking about this with Ben, my business partner, about my kids. I said business partner, about my kids. I said business partner, about my kids. I said my kids have never been exposed to so my kids have never been exposed to so my kids have never been exposed to so much in the world, right? Like we much in the world, right? Like we much in the world, right? Like we literally keep going to the same literally keep going to the same literally keep going to the same resorts. And I was like, they've never resorts. And I was like, they've never resorts. And I was like, they've never seen a third world country. They've seen a third world country. They've seen a third world country. They've never seen I started bringing them to never seen I started bringing them to never seen I started bringing them to just do adult stuff with me cuz I used just do adult stuff with me cuz I used just do adult stuff with me cuz I used to do kid stuff with my kids. And now to do kid stuff with my kids. And now to do kid stuff with my kids. And now what I realize is, let me just bring what I realize is, let me just bring what I realize is, let me just bring them along for life. And kids actually them along for life. And kids actually them along for life. And kids actually love it. They like doing laundry. They love it. They like doing laundry. They love it. They like doing laundry. They like cooking. They work out with me now like cooking. They work out with me now like cooking. They work out with me now in the gym every day. They like going in the gym every day. They like going in the gym every day. They like going with me to to meetings. They like you with me to to meetings. They like you with me to to meetings. They like you know, they they actually kind of enjoy know, they they actually kind of enjoy know, they they actually kind of enjoy that because they're getting exposed to that because they're getting exposed to that because they're getting exposed to new stimulus that they've never really new stimulus that they've never really new stimulus that they've never really seen before. And even if they're 5 years seen before. And even if they're 5 years seen before. And even if they're 5 years old and they can't fully grok it, old and they can't fully grok it, old and they can't fully grok it, there's some part of it that just breaks there's some part of it that just breaks there's some part of it that just breaks some fence that they had around what the some fence that they had around what the some fence that they had around what the world is and it starts to poke holes and world is and it starts to poke holes and world is and it starts to poke holes and it lets new things in. Growing up, I it lets new things in. Growing up, I it lets new things in. Growing up, I didn't know any entrepreneurs. didn't know any entrepreneurs. didn't know any entrepreneurs. I didn't know anyone. In my entire I didn't know anyone. In my entire I didn't know anyone. In my entire family, my mom has nine siblings. My dad family, my mom has nine siblings. My dad family, my mom has nine siblings. My dad has four. Out of all of them, there were has four. Out of all of them, there were has four. Out of all of them, there were zero entrepreneurs. Every single one of zero entrepreneurs. Every single one of zero entrepreneurs. Every single one of them was an engineer. them was an engineer. them was an engineer. Like typical Indian family. And so, the Like typical Indian family. And so, the Like typical Indian family. And so, the highest calling was you get a good job. highest calling was you get a good job. highest calling was you get a good job. What's a good job? A six-figure job that What's a good job? A six-figure job that What's a good job? A six-figure job that has health insurance. So, that was all I has health insurance. So, that was all I has health insurance. So, that was all I knew. I was all I was exposed to of what knew. I was all I was exposed to of what knew. I was all I was exposed to of what was possible. And then my senior year of was possible. And then my senior year of was possible. And then my senior year of college, I took a class called getting college, I took a class called getting college, I took a class called getting rich. And in the very first class, he rich. And in the very first class, he rich. And in the very first class, he brought in a speaker and it was a girl brought in a speaker and it was a girl brought in a speaker and it was a girl who started a t-shirt company. And then who started a t-shirt company. And then who started a t-shirt company. And then the next class, he brought in a guy who the next class, he brought in a guy who the next class, he brought in a guy who started his own hedge fund. And I just started his own hedge fund. And I just started his own hedge fund. And I just thought I looked at them and I said, why thought I looked at them and I said, why thought I looked at them and I said, why are these guys having all the fun? This are these guys having all the fun? This are these guys having all the fun? This sounds awesome. Maybe I could do that sounds awesome. Maybe I could do that sounds awesome. Maybe I could do that instead. I was finally exposed to the instead. I was finally exposed to the instead. I was finally exposed to the thing, you know, when I was 21 years old thing, you know, when I was 21 years old thing, you know, when I was 21 years old and it changed the trajectory of my and it changed the trajectory of my and it changed the trajectory of my life. Had I not had the exposure, it life. Had I not had the exposure, it life. Had I not had the exposure, it literally would have just not happened. literally would have just not happened. literally would have just not happened. And so, the first is exposure. How do And so, the first is exposure. How do And so, the first is exposure. How do you get yourself in a position to see you get yourself in a position to see you get yourself in a position to see new things new things new things or help other people see new things? The or help other people see new things? The or help other people see new things? The second is access. And then second is access. And then second is access. And then the way I would put it for you is earned the way I would put it for you is earned the way I would put it for you is earned access cuz you said something very access cuz you said something very access cuz you said something very casually. Like I did good work for them. casually. Like I did good work for them. casually. Like I did good work for them. You know what? I bet if we peeled back, You know what? I bet if we peeled back, You know what? I bet if we peeled back, there probably is a lot there. I bet you there probably is a lot there. I bet you there probably is a lot there. I bet you over-delivered. I bet you didn't get over-delivered. I bet you didn't get over-delivered. I bet you didn't get paid proportional to what you did and paid proportional to what you did and paid proportional to what you did and you didn't whine about it. These are my you didn't whine about it. These are my you didn't whine about it. These are my guesses. You can tell me if that's true guesses. You can tell me if that's true guesses. You can tell me if that's true or not. But the access is earned through or not. But the access is earned through or not. But the access is earned through showing that you're somebody who showing that you're somebody who showing that you're somebody who deserves greater opportunities and deserves greater opportunities and deserves greater opportunities and greater access. And you sort of delay greater access. And you sort of delay greater access. And you sort of delay the payoff of those actions and you just the payoff of those actions and you just the payoff of those actions and you just have faith that I'm going to just I'm have faith that I'm going to just I'm have faith that I'm going to just I'm going to kill it right now. And I I going to kill it right now. And I I going to kill it right now. And I I trust that, you know, the ball will trust that, you know, the ball will trust that, you know, the ball will bounce my way over time. And I don't bounce my way over time. And I don't bounce my way over time. And I don't need to immediately tit-for-tat measure need to immediately tit-for-tat measure need to immediately tit-for-tat measure what I'm getting versus what I'm putting what I'm getting versus what I'm putting what I'm getting versus what I'm putting in. in. in. Yeah, I think I I I think it's true. And Yeah, I think I I I think it's true. And Yeah, I think I I I think it's true. And frankly, I think, you know, I'm young. frankly, I think, you know, I'm young. frankly, I think, you know, I'm young. I'm 33 years old. I think about the I'm 33 years old. I think about the I'm 33 years old. I think about the impact I want to have on this world. I impact I want to have on this world. I impact I want to have on this world. I think it's that first one, exposure. How think it's that first one, exposure. How think it's that first one, exposure. How can I facilitate exposure to everyone? can I facilitate exposure to everyone? can I facilitate exposure to everyone? Right? Young young kids, how do they get Right? Young young kids, how do they get Right? Young young kids, how do they get exposure? That honestly, I think that's exposure? That honestly, I think that's exposure? That honestly, I think that's where my wife and I want to make an where my wife and I want to make an where my wife and I want to make an impact is making it possible through impact is making it possible through impact is making it possible through some some effort in the next chapter of some some effort in the next chapter of some some effort in the next chapter of my life to ensure that the random kid my life to ensure that the random kid my life to ensure that the random kid who's 6 years old or 10 years old in a who's 6 years old or 10 years old in a who's 6 years old or 10 years old in a place that would never get exposure to place that would never get exposure to place that would never get exposure to this, at least knows what's possible. this, at least knows what's possible. this, at least knows what's possible. Because if they know it's possible, Because if they know it's possible, Because if they know it's possible, maybe they'll go after it themselves maybe they'll go after it themselves maybe they'll go after it themselves over time. Hey, can I let me ask you a over time. Hey, can I let me ask you a over time. Hey, can I let me ask you a question that um question that um question that um you might not feel comfortable you might not feel comfortable you might not feel comfortable answering. When you're wired hundreds of answering. When you're wired hundreds of answering. When you're wired hundreds of millions of dollars, what do you what do millions of dollars, what do you what do millions of dollars, what do you what do you decide to do with it? Where did you you decide to do with it? Where did you you decide to do with it? Where did you invest the money? And that includes like invest the money? And that includes like invest the money? And that includes like did you decide to give any away? did you decide to give any away? did you decide to give any away? Yeah, TBD on it. But I Yeah, TBD on it. But I Yeah, TBD on it. But I one of the hardest things I have is I've one of the hardest things I have is I've one of the hardest things I have is I've thought about my my impact. Like it's thought about my my impact. Like it's thought about my my impact. Like it's the same as um I don't even know if I'll the same as um I don't even know if I'll the same as um I don't even know if I'll invest in other companies. invest in other companies. invest in other companies. And and it's not because I don't And and it's not because I don't And and it's not because I don't believe. It's like, what's the next best believe. It's like, what's the next best believe. It's like, what's the next best use of a dollar? use of a dollar? use of a dollar? It's going to it's going to take a lot It's going to it's going to take a lot It's going to it's going to take a lot to convince me that it's something other to convince me that it's something other to convince me that it's something other than what I can go after and do. And than what I can go after and do. And than what I can go after and do. And that doesn't mean it's always business, that doesn't mean it's always business, that doesn't mean it's always business, profits, etc. Like I don't always have profits, etc. Like I don't always have profits, etc. Like I don't always have to make money. But like, can I, Sam, go to make money. But like, can I, Sam, go to make money. But like, can I, Sam, go out and out and out and make make an impact on the world by make make an impact on the world by make make an impact on the world by taking my own funds and building like taking my own funds and building like taking my own funds and building like something special out of it? Right? That something special out of it? Right? That something special out of it? Right? That has an impact on whether it's has an impact on whether it's has an impact on whether it's mentorship, exposure, whatever it is. mentorship, exposure, whatever it is. mentorship, exposure, whatever it is. So, TBD. I mean, as you know, when when So, TBD. I mean, as you know, when when So, TBD. I mean, as you know, when when you receive money, you spend a lot of you receive money, you spend a lot of you receive money, you spend a lot of time thinking about deploying it. You time thinking about deploying it. You time thinking about deploying it. You don't want to rush into anything. But don't want to rush into anything. But don't want to rush into anything. But but I would expect that the more but I would expect that the more but I would expect that the more meaningful um meaningful um meaningful um deployment of my capital is going to deployment of my capital is going to deployment of my capital is going to come through some personal effort in my come through some personal effort in my come through some personal effort in my life that I do to to make an impact. So, life that I do to to make an impact. So, life that I do to to make an impact. So, well, first of all, can we let me ask a well, first of all, can we let me ask a well, first of all, can we let me ask a boring question. Where did you invest boring question. Where did you invest boring question. Where did you invest it? The the current money, where did you it? The the current money, where did you it? The the current money, where did you invest it? Is it just boring index invest it? Is it just boring index invest it? Is it just boring index funds? Is it funds? Is it funds? Is it >> Well, you you know I There's a >> Well, you you know I There's a >> Well, you you know I There's a difference between signing and closing. difference between signing and closing. difference between signing and closing. So, you have to go through So, you have to go through So, you have to go through anti-regulatory. anti-regulatory. anti-regulatory. So, we've signed, but the closing So, we've signed, but the closing So, we've signed, but the closing happens as soon as it's been approved by happens as soon as it's been approved by happens as soon as it's been approved by government. So, you don't have any The government. So, you don't have any The government. So, you don't have any The money's not been wired yet. But the deal money's not been wired yet. But the deal money's not been wired yet. But the deal is done. is done. is done. >> know what that I've not had a deal that >> know what that I've not had a deal that >> know what that I've not had a deal that was large enough. was large enough. was large enough. My first acquisition, they just Venmo'd My first acquisition, they just Venmo'd My first acquisition, they just Venmo'd me. me. me. >> [laughter] >> Yeah, we've not I've not I've not had >> Yeah, we've not I've not I've not had dealt with the with the Department of dealt with the with the Department of dealt with the with the Department of Justice yet. So, that's pretty cool. Justice yet. So, that's pretty cool. Justice yet. So, that's pretty cool. [laughter] [laughter] [laughter] It's funny. There's a crazy There's a It's funny. There's a crazy There's a It's funny. There's a crazy There's a crazy story. You know the company Apple crazy story. You know the company Apple crazy story. You know the company Apple 11? Yeah, yeah. Yeah, my my co-founder 11? Yeah, yeah. Yeah, my my co-founder 11? Yeah, yeah. Yeah, my my co-founder was the co-founder of Apple 11 at the was the co-founder of Apple 11 at the was the co-founder of Apple 11 at the time. So, he's sitting next to me at the time. So, he's sitting next to me at the time. So, he's sitting next to me at the office and they signed this deal. And office and they signed this deal. And office and they signed this deal. And I'm like, oh my god, you just sold they I'm like, oh my god, you just sold they I'm like, oh my god, you just sold they sold the company for I think sold the company for I think sold the company for I think 1.2 or 2 billion dollars. I forgot which 1.2 or 2 billion dollars. I forgot which 1.2 or 2 billion dollars. I forgot which the what the number was. But one or two the what the number was. But one or two the what the number was. But one or two billion dollars. And I was like, wow, billion dollars. And I was like, wow, billion dollars. And I was like, wow, dude, you did it. You sold a company for dude, you did it. You sold a company for dude, you did it. You sold a company for a billion dollars, 2 billion dollars. a billion dollars, 2 billion dollars. a billion dollars, 2 billion dollars. That's amazing. That's amazing. That's amazing. And I was like, should we go dinner's on And I was like, should we go dinner's on And I was like, should we go dinner's on you? What's up? He's like, dude, we you? What's up? He's like, dude, we you? What's up? He's like, dude, we haven't got the money. It's going to be haven't got the money. It's going to be haven't got the money. It's going to be like months. He's like, if it's over, I like months. He's like, if it's over, I like months. He's like, if it's over, I forgot what the number is. $750 million, forgot what the number is. $750 million, forgot what the number is. $750 million, a billion dollars, whatever it is. a billion dollars, whatever it is. a billion dollars, whatever it is. Like literally, like the government you Like literally, like the government you Like literally, like the government you know, the way he put it was like, it's know, the way he put it was like, it's know, the way he put it was like, it's going to sit on Trump's desk until he going to sit on Trump's desk until he going to sit on Trump's desk until he stamps it. The crazy thing was they sold stamps it. The crazy thing was they sold stamps it. The crazy thing was they sold to a Chinese company. So, there was to a Chinese company. So, there was to a Chinese company. So, there was actually a lot of risk. And so, he actually a lot of risk. And so, he actually a lot of risk. And so, he didn't know this at the time. He thought didn't know this at the time. He thought didn't know this at the time. He thought he, you know, it's over. he, you know, it's over. he, you know, it's over. Well, 9 months go by, a year almost goes Well, 9 months go by, a year almost goes Well, 9 months go by, a year almost goes by, and the deal is still not approved. by, and the deal is still not approved. by, and the deal is still not approved. But, they've been running the company. But, they've been running the company. But, they've been running the company. They've doubled revenue in that year. They've doubled revenue in that year. They've doubled revenue in that year. >> Yeah. And so, instead of waiting for the >> Yeah. And so, instead of waiting for the >> Yeah. And so, instead of waiting for the approval, what they did was they went approval, what they did was they went approval, what they did was they went and renegotiated. They were like, "Hey, and renegotiated. They were like, "Hey, and renegotiated. They were like, "Hey, here's what the $2 billion gets you here's what the $2 billion gets you here's what the $2 billion gets you instead. And now it gets you 25% of the instead. And now it gets you 25% of the instead. And now it gets you 25% of the company instead of whatever, 8500%." So, company instead of whatever, 8500%." So, company instead of whatever, 8500%." So, they renegotiated the deal cuz the they renegotiated the deal cuz the they renegotiated the deal cuz the business had grown. So, it was the best business had grown. So, it was the best business had grown. So, it was the best thing that ever happened. And so, they thing that ever happened. And so, they thing that ever happened. And so, they took a minority investment, got some took a minority investment, got some took a minority investment, got some liquidity, and kept growing the thing. liquidity, and kept growing the thing. liquidity, and kept growing the thing. It's now it like I was a $100 billion It's now it like I was a $100 billion It's now it like I was a $100 billion company in the last the last year, company in the last the last year, company in the last the last year, right? So, it went 100x since then. A right? So, it went 100x since then. A right? So, it went 100x since then. A quick Google, so I haven't had time to quick Google, so I haven't had time to quick Google, so I haven't had time to read all this. I believe it's $130 read all this. I believe it's $130 read all this. I believe it's $130 million million million is the threshold where the DOJ has to is the threshold where the DOJ has to is the threshold where the DOJ has to >> Interesting. 130? You have to notify the >> Interesting. 130? You have to notify the >> Interesting. 130? You have to notify the DOJ and the FTC anything north of $133.9 DOJ and the FTC anything north of $133.9 DOJ and the FTC anything north of $133.9 million. million. million. Dear DOJ, I'm rich. What do you What do Dear DOJ, I'm rich. What do you What do Dear DOJ, I'm rich. What do you What do you notify? [laughter] you notify? [laughter] you notify? [laughter] There's like an official form, and then There's like an official form, and then There's like an official form, and then they they're just reviewing it as they they they're just reviewing it as they they they're just reviewing it as they should to make sure that it's not bad should to make sure that it's not bad should to make sure that it's not bad for the consumer. for the consumer. for the consumer. That's cool. That's awesome. That's cool. That's awesome. That's cool. That's awesome. >> thanks for coming on, man, and congrats >> thanks for coming on, man, and congrats >> thanks for coming on, man, and congrats again on on building something pretty again on on building something pretty again on on building something pretty epic. I remember when I saw the product, epic. I remember when I saw the product, epic. I remember when I saw the product, it just seemed like, oh, that's it. And it just seemed like, oh, that's it. And it just seemed like, oh, that's it. And the best products actually are simple the best products actually are simple the best products actually are simple like that where the proposition is easy like that where the proposition is easy like that where the proposition is easy for the customer to understand. for the customer to understand. for the customer to understand. It makes sense in the world. It was It makes sense in the world. It was It makes sense in the world. It was almost like hidden in plain sight, I almost like hidden in plain sight, I almost like hidden in plain sight, I feel, in a way. And you know, to your feel, in a way. And you know, to your feel, in a way. And you know, to your credit, you you ran with that, you acted credit, you you ran with that, you acted credit, you you ran with that, you acted on it, and you built something pretty on it, and you built something pretty on it, and you built something pretty incredible. Of course. incredible. Of course. incredible. Of course. Thank you for having me on. My hope is Thank you for having me on. My hope is Thank you for having me on. My hope is that 3 years from now we're talking and that 3 years from now we're talking and that 3 years from now we're talking and you guys are like, "Geez, dude, we you guys are like, "Geez, dude, we you guys are like, "Geez, dude, we didn't realize there was that much out didn't realize there was that much out didn't realize there was that much out of you." of you." of you." We've got so much this team wants to do, We've got so much this team wants to do, We've got so much this team wants to do, and so and so and so eager to to show the consumers what eager to to show the consumers what eager to to show the consumers what we've got. Platform, new products, new we've got. Platform, new products, new we've got. Platform, new products, new innovations, new fun, limited-time innovations, new fun, limited-time innovations, new fun, limited-time offers. offers. offers. >> What's the best thing on that shelf I >> What's the best thing on that shelf I >> What's the best thing on that shelf I should buy? So, have you tried the should buy? So, have you tried the should buy? So, have you tried the Olipop? We've got some products here Olipop? We've got some products here Olipop? We've got some products here that are launching soon, but have you that are launching soon, but have you that are launching soon, but have you tried the Olipop? I only ever had the tried the Olipop? I only ever had the tried the Olipop? I only ever had the original. I didn't I didn't even try original. I didn't I didn't even try original. I didn't I didn't even try anything else. I just got the original anything else. I just got the original anything else. I just got the original like subscription. That's it. like subscription. That's it. like subscription. That's it. >> So, yeah, you may you may know this, but >> So, yeah, you may you may know this, but >> So, yeah, you may you may know this, but we've got Kroons, which is the we've got Kroons, which is the we've got Kroons, which is the comprehensive nutrition greens, comprehensive nutrition greens, comprehensive nutrition greens, multivitamin, fiber. We've got Neutrops, multivitamin, fiber. We've got Neutrops, multivitamin, fiber. We've got Neutrops, which is a nootropics product. We've got which is a nootropics product. We've got which is a nootropics product. We've got Immune, which is like a almost like an Immune, which is like a almost like an Immune, which is like a almost like an immunity shot, like the 2-oz bottles, immunity shot, like the 2-oz bottles, immunity shot, like the 2-oz bottles, but in gummy form. And then we've got but in gummy form. And then we've got but in gummy form. And then we've got Juiced, which is this one right here, Juiced, which is this one right here, Juiced, which is this one right here, which is like a pre-anything energy which is like a pre-anything energy which is like a pre-anything energy product. So, I mean, we've got like 12 product. So, I mean, we've got like 12 product. So, I mean, we've got like 12 innovations in the pipeline. That's what innovations in the pipeline. That's what innovations in the pipeline. That's what I'm saying, like it's so exciting. We've I'm saying, like it's so exciting. We've I'm saying, like it's so exciting. We've We've like done something so big, but We've like done something so big, but We've like done something so big, but like we're like maybe 5 miles into a like we're like maybe 5 miles into a like we're like maybe 5 miles into a marathon. Good, man. Thank you so much marathon. Good, man. Thank you so much marathon. Good, man. Thank you so much for coming on. You have an open invite for coming on. You have an open invite for coming on. You have an open invite whenever you want. You're You're You're whenever you want. You're You're You're whenever you want. You're You're You're a wonderful guy. We're We're so happy a wonderful guy. We're We're so happy a wonderful guy. We're We're so happy for your success, and we feel makes us for your success, and we feel makes us for your success, and we feel makes us feel good to promote you. So, thank you feel good to promote you. So, thank you feel good to promote you. So, thank you for coming on. That's it. That's the for coming on. That's it. That's the for coming on. That's it. That's the pod.