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0:00:00twothirds of Americans have gut issues i care so much about healing America's gut what is sour milk
0:00:06milk itself is a sexy word what I want people to remember is yogurt is alive and what you're
0:00:11eating is an alive fermented product we sold out of 1500 yogurts in 7 days bigger brands are just
0:00:17showing you like the polished version and what builds trust with the consumer is taking them
0:00:21through the ups and the downs and the real failures throughout i get to try Chabani and
0:00:26tell you it tastes really bad and there's a lot of shitty things in it a sour milk like I don't
0:00:30know if I want to stand for that i get an email in my inbox that says "If you don't change your
0:00:33name in seven days we're going to take legal action." Kiki Couchman what is sour milk it is
0:00:43a high probiotic Greek yogurt that's made for your gut so we're taking all the probiotics
0:00:49you'd find or in a pill or powder supplement and actually culturing it in your yogurt
0:00:53what is behind the name celery milk well obviously there's like the gut punch of like ew sour milk
0:01:00right like it's almost spoiled and people have that initial reaction but really what
0:01:05I want people to remember is yogurt is alive and what you're eating is an alive fermented product
0:01:11that has so many good probiotics in it and so instead of just you're eating the random yogurt
0:01:18in the yogurt aisle you're eating sour milk cool and then there is a story behind how you
0:01:24got to the name right yes there is
0:01:26so and actually when when I saw this on your on your Instagram I thought this
0:01:31is a founders's dream come true this is like one of those stories that founders tell like
0:01:36"Oh we were we were going for it everything was lining up and then we hit this snag." So
0:01:41what's the story behind the name Sour Milk oh yeah i mean it was horrible like it was
0:01:46one of those things where the real story is we got I went to Expo West there's another company
0:01:53out there called Benny they're also two girls who are in their mid20s and I ran into them and I said
0:01:59"Oh my god you're the other Benny girls it's so nice to meet you." No response from them 2 days
0:02:05later I get an email in my inbox that says "Hey we've recently become aware of your name and if
0:02:10you don't change your name in 7 days we're going to take legal action." So yes I saw a grimace um
0:02:17that's exactly how we felt and we said "No like we're not going to change our name we're going
0:02:22to negotiate we think we can have a coexistence agreement dairy is really hard i don't plan to
0:02:27move out of dairy you're an energy drinks company can't we just be in two different places?" They
0:02:34said "Nope." And a month later we got a cease and desist and Alain and I looked at each other
0:02:40she's my co-founder and we decided okay we could try and fight this but that's going to be like
0:02:45$30,000 in legal battle and it's just not worth it by the time we actually potentially win and
0:02:52it's not even a clear case we might already have packaging in the world we've already built more
0:02:56brand equity why don't we change the name now so we decided to change the name we had no idea
0:03:02what to do we again it was like this pit in our stomach we've already created a following
0:03:07yes we're not launched but we already had like 15,000 followers 1500 people on our weight list
0:03:12like people knew who we were and people called us Benny like they knew us as that and so we decided
0:03:20okay what better thing to do than to bring this to social media and why don't we turn this into
0:03:25a huge marketing campaign and that obviously was not the intent from the get-go we did not want to
0:03:31do this but we decided let's put a spin on this and let's galvanize our followers to really feel
0:03:37super bought into our story and rooting for us and wanting us to win and hopefully we didn't
0:03:42even know what the name would be on the other side but like we'll figure out a better name and we
0:03:46know people will be with us through that journey and so what was the process or how did you land on
0:03:51Sour Milk yeah yeah i mean it was like obsessive like the next
0:03:543 weeks all we could do was like eat drink sleep names like I would look at something I'd be like
0:03:59frigid air why is it called Frigid Air oh my god why is that a good name why is that a bad name or
0:04:03like Hydro Flask okay what is that what makes that a good name bad name vitamin water it was like I
0:04:08couldn't go through the world without thinking about the name and so we started to develop
0:04:12frameworks of what actually made a good name for us ultimately though it's like an emotional
0:04:17decision and we were just no pun intended it was like a gut feeling whether we wanted to go
0:04:22with sour milk or not we landed on that category because we wanted it to be both easy and simple
0:04:30so we like sour milk and that is something that people know and recognize already we want it to be
0:04:36super memorable so again it's that like delta and being a negative word to actually being a positive
0:04:42brand association that creates that memorability and then we just kind of like the sexiness of the
0:04:47name like milk itself is a sexy word and we were thinking about what are other plays on milk that
0:04:52we can do but sour milk really like hit all those criteria you might be the only person
0:04:58that has ever said milk is a sexy word milk is a sexy word can't you see like
0:05:03we were thinking like okay what's a campaign with like milk dripping down
0:05:07someone's face like it's a very you know yeah also when you just said frigid air
0:05:12I think that's the first time I've ever realized that frigid air means cold air
0:05:16right for frigid air yeah frigid exactly all right so you've been you've been building it public
0:05:22and you went from private equity into starting your own company yes and a CPG food company
0:05:31that seems pretty crazy right uh so what has it been like to shift your identity
0:05:38from someone in private equity into a founder it's a great question i think it was a lot harder
0:05:44than I thought i went to Stanford and every other person calls themselves a founder at Stanford at
0:05:51one point or another and they're starting some like random company and they raised like $10,000
0:05:55and they're a founder right um and so to me that was like an uncomfortable identity to shift into
0:06:00was it felt like this cliche of like founder boys that I didn't want to associate with and that's
0:06:06what I knew it to be in my head but actually going through the shift was a lot harder because I think
0:06:12I had spent my whole life pegging my identity to external institutions so I was a straight A
0:06:18student in high school i got into Stanford oh I'm a Stanford student that immediately
0:06:22gives me credibility wherever I go oh I work in private equity oh what fund do you work at oh
0:06:26I work at this fund oh my god that's an amazing fund great immediate credibility and now I'm in
0:06:31a place where I have literally zero credibility because our product is not even a grocery store
0:06:36shelf right all I have is like the followers on my account and and the number of yogurts
0:06:40we've sold and I have to I have nowhere to pin my identity as Kiki Couchman other than literally
0:06:47myself and the backing of this company and by the way we have no backers we have no fundraisers so
0:06:51we also have no institutional backing to give us credibility in any way so that's been the hardest
0:06:56part is actually just like gaining the confidence to be my own person and stand on my own two feet
0:07:02without actually having anything behind me so what did give you the confidence because it's
0:07:07totally different to be in a corporate job private equity to be on the other side and I know what
0:07:13you mean about like the founder boy culture out on the West Coast like everybody is a founder i
0:07:17don't know how it is in New York here but um so I understand the negative perception of oh I'm
0:07:23an entrepreneur oh I'm a founder you know you're still living
0:07:26entrepreneur vibe yes serial entrepreneur you're
0:07:28living in your mom you're living in your mom's basement and I'm an entrepreneur right yeah
0:07:32yes yes and so what did give you the confidence to go start this company from where you came from
0:07:41i don't know if it was truly confidence or if it was just conviction that now is the right time so
0:07:46I don't think that there was a moment where I'm like yes I've got this like I am the right person
0:07:51to do this it was that oh I feel so compelled to work on this project i care so much about healing
0:07:58America's gut i care so much about doing something about that and putting something into the world
0:08:05and by the way I'm 26 and now is the time to work really hard and to grind every day and I want that
0:08:12in my life right now and I have runway in front of me where I don't need to make money i have no
0:08:16one to care for but myself and so now really felt like exactly the window of opportunity
0:08:21to actually jump and do that so much more about that than actually like go kiki you know
0:08:26why do you care so much about other people's guts yes um well I studied human biology which I think
0:08:34says a little bit of something about that i grew up in agriculture area and to me I'm just like the
0:08:41two most important things on Earth are planetary health and human health and like that's what keeps
0:08:47us here and so all the other things yes very important but to me personally those are the
0:08:53most important things twothirds of Americans have gut issues i would say I'd venture to say it's
0:08:58like far more than that we're at the frontier of gut health research in the microbiome and we're
0:09:04realizing it leads to Alzheimer's to a lot of cancers to a lot of chronic conditions let alone
0:09:09just like general bloating and discomfort every single day in our lives and so I care because
0:09:15it's both something that I personally experience but also I see so many other people experiencing
0:09:19and we're seeing a lot of like point solutions for it we're seeing a lot of this supplement
0:09:23or this pill or this powder or this like goop or this spoonful you take in the morning and
0:09:29ultimately I want to meet people where they are i don't want to force them to make another habit
0:09:34like I don't want you to have to take another thing in the morning just eat your yogurt bowl
0:09:38that you eat every single day 92% of Americans eat yogurt so why don't we just meet you where you are
0:09:43and eat the thing you already love and you get all the benefits of actually a healing probiotic
0:09:49and so then why why is yogurt the product versus an alternative milk type product
0:09:56because we love dairy we're big dairy girls over here but also there's a lot of alternative
0:10:00products on the market and I think there's a lot that are doing really good things like coconut
0:10:04cult is doing an awesome stuff with probiotics they're sort of in making you introduce a new
0:10:09habit as well by taking like one tablespoon but that's okay um dairy itself already has all the
0:10:16macros that we want in our yogurt so a cup of milk already has 6 to 8 g of protein like these
0:10:22things that we care about a lot that we're trying to achieve in society like our protein goals like
0:10:27our good fats our good micronutrients those are already existent in dairy and so that's like the
0:10:33biggest reason is we care a lot about that i think the other thing is you're seeing just a cultural
0:10:38trend back towards that so this is not the reason we started a dairy yogurt company but I think we
0:10:42get the benefit of people moving more towards the outer aisles moving away from veganism from
0:10:48Oatley realizing it spikes your blood sugar levels there's so many seed oils in it whatever all these
0:10:53alternatives let's go back to the real source of animal products and let's actually create
0:10:57something that's speaking to a younger generation and that actually does good for our our bodies too
0:11:03yeah love that and you're how old again 26
0:11:0626 i wish I cared this much about my gut health and everything when I was your age yeah
0:11:11you can now though oh I love it get you some yogurt
0:11:13whole Foods yeah I know and and I don't eat a lot of dairy but now I'm like convinced that
0:11:18maybe maybe it can be good for me yeah exactly the way that you are documenting
0:11:23your journey as a founder feels very authentic it feels like it's a very local New York native
0:11:32vibe and internet native it's somehow you've been able to like create this local authentic vibe as
0:11:41well as like tying in the internet aspects can you talk a little bit about your intention or approach
0:11:46behind how you've been documenting everything yeah so I'll just start with the New York local
0:11:51vibe we are a refrigerated cold chain product that has an 8week shelf life so we cannot be everywhere
0:11:58everyone asks us "When are you shipping?" I'm like "When are you willing to pay for a refrigerated
0:12:02product to come to your door?" And so because of that we are really forced to build our local
0:12:07base here in New York because we actually don't have a cold chain system that's already set up
0:12:12nationwide right and so there's almost like a forcing mechanism to be hyper local but I think
0:12:19that creates such this vibe of exclusivity and community- based and authenticity because we're
0:12:25truly like city biking around this city everything we're doing is very real to our story and also
0:12:31very necessary for the type of product that we're actually producing so I think there's a handinhand
0:12:36with the product and the content that actually does really well to actually curate that vibe yeah
0:12:42so what happens when you get bigger though like what like are you going
0:12:45to be biking around the city forever no no we will not be biking around the
0:12:49city forever we'll be in retail and retail chains can take us we'll have much bigger distribution
0:12:55across the US but we still want to start hyper local so again what people probably don't know
0:13:01about retail is if you don't sell through your product so if your expiration date hits and
0:13:05you're in a grocery store you can get charged back so you have to pay back for that product
0:13:10that they don't sell that's really expensive and you have no way you can forecast 20% right
0:13:16each month of what you think might be charged back that's a lot of product we want to make
0:13:21sure we can get 100% sell through when we hit the grocery store shelves and so where can we
0:13:26do that new York City let's conquer New York City let's do it really really really well here in New
0:13:31York and then we'll expand to the Northeast and then we'll expand to Mid-Atlantic and then we'll
0:13:35expand to California and then we'll expand beyond um but it really takes those specific
0:13:41success points before we really feel confident to continue growing are you doing this intentionally
0:13:45to market the product or is it really around like this is the best way for us to build this
0:13:52i think it goes like hand in hand i think the success of content for me everybody asks how
0:14:01do you do this how do you build a company how do you come up with a new real or a new TikTok
0:14:05every single day how are you doing i just did an AMA all day today like how do you do this
0:14:09stuff when you're also you know going up to your co-manufacturer developing your recipe talking
0:14:14to retailers and it's because the content we're creating is actually just the decisions we're
0:14:19making and actually just the things that we're doing to build this business and so it fuels
0:14:24both authentic cuz it is but also really easy because it's just documenting the stuff that
0:14:28we're doing you have to know how to package it right and you have to know how to make it
0:14:32interesting and intriguing and attractive like a world that people want to actually be part of
0:14:37but that's sort of the marketing spin otherwise I think it's just essentially
0:14:42what we're doing and there's the only intention is that creates a following
0:14:46and that creates a community and that creates an engaged audience that can then show up for
0:14:49us and so what are some of the other things that founders can do to replicate the success
0:14:55that you've had around content creation and documentation you mentioned AMAs and packaging
0:15:00but like are there other things that you found that surprised you about documenting
0:15:05i think when I initially went into this our intent was Alana and I were both Alana is my
0:15:12co-founder best friend and we were both deciding who's going to be the person to be the face on
0:15:19social media and we both made practice you know short form videos and we decided it was
0:15:23absolutely not her and so it was going to have to be me and I had never done it before but it just
0:15:29was slightly easier for me than it was for her and we thought okay the reason we're going to do
0:15:34this is because we want to pay zero on CAC like we want to have the lowest customer acquisition
0:15:39cost possible so I don't want to have to pay an influencer to do this why don't we just skewer
0:15:44one of ourselves to become the influencer so I got skewered and I'm the influencer now and we
0:15:49saw that as a way to gain customers and that was our initial intent i think the thing that we've
0:15:53seen as like an unintended consequence very positive consequence is the founder community
0:15:58that's come out of it like I have been connected to so many CPG founders through this people ask
0:16:03me "How do you know all these people?" I'm like "Instagram." Like that's truly the answer and
0:16:08also so many other companies that have helped us in our journey so our logistics company our we
0:16:14need refrigerated trucking wherever we go we can't just you know rent a van and bring our
0:16:19yogurt back down from upstate we have to have a reapfer truck where did that come from that
0:16:24came from a girl DMing me on Instagram who was an account executive at this logistics company like
0:16:29I didn't even know where to begin to find that and so I began to have these conversations with people
0:16:32in the industry and opportunities opened up that I would never have imagined because of social media
0:16:38how much of what you thought you knew in the beginning
0:16:40like 0% 0% i like even ask me like a week ago what I knew about this industry i know like
0:16:49150% more than what I knew a week ago right so it's just like and that that goes from marketing
0:16:55from Instagram from like the craft of creating a video from literally like the yogurt aisle it's
0:17:02like a race to the bottom and understanding what the economics look like in the yogurt aisle or
0:17:06retail or distribution like all of those things I've learned so much about which also is a very
0:17:11fun thing that's another reason we decided to do to do this was we felt like we were both
0:17:16plateauing in our learning in our previous jobs and we wanted to immerse ourselves into
0:17:20a world where we knew nothing but it wasn't unknowable like this is a knowable world that
0:17:25we can actually learn we're going to have to get up and ramp very quickly but it's going
0:17:29to be really fun and like very meaty also that's one of the main reasons I started
0:17:33the podcast is to really expand my learning and my growth yeah it's cool
0:17:37through through co through the work that I was doing during co and and beyond got really heads
0:17:43down really isolated really just like stuck in the work and then I wasn't learning anymore either
0:17:48and so as part of the podcast it's like I just want to go meet people who are doing really cool
0:17:52things that I've never even thought of or heard of and be be a part of it be able to live through
0:17:56these people and then share it with everybody and you're like you just get to ask people
0:17:59questions all day which is like amazing i I did uh I did I sponsored a conference and I did like
0:18:0514 podcasts in like two and a half days and at the end a lot of people asked me oh if my voice
0:18:11hurt at all i was like no I just had to sit and ask questions and let everyone else talk
0:18:16it's very cool i love the reciprocal relationship of being able to do this and then having everyone
0:18:22in the room right now is is really cool um so how many like where are you at in the shipping
0:18:29of your product yeah totally we're super super early last week we just did actually now a week
0:18:36and a half ago we just did our first ever large scale production run and so it's not like a we're
0:18:43launched production run now it's in retail it's like this was our first large scale production
0:18:47run which means it's an R&D test run so we did as much as possible to control all the variables on
0:18:52like a stove top so like a small yogurt batch but once you actually you know start testing at large
0:18:59scale with dairy you're working with really high minimum order quantities so you can't just go to
0:19:05a manufacturer and be like can we just do a test run of like a 100 yogurts you have to do a minimum
0:19:10of 250 gallons of milk that is so much milk that brought us to 1,500 single serving yogurts
0:19:18wow just for our first test run and we didn't know was that going to be great was that going
0:19:22to be kind of fine like we have no idea we did it it turned out great there's some things in
0:19:27the process that were not quite optimized so we're working on that but the actual product is amazing
0:19:32and delicious and so we made that last week we put up on our website hey guys come and pick up orders
0:19:38pre-order pick up in different locations around the city we sold out all 1,248 yogurts in 7 days
0:19:45which is amazing i have actually like 50 yogurts left here to sell to all of you if you guys are
0:19:50interested um and so now we're going to go back up again to our manufacturer we're going to do
0:19:56one more test run this week because like I said we have some kinks in our process that we just
0:20:00want to iron out we'll sell those 1500 yogurts again in 2 weeks and then I think we're going to
0:20:08lay low a bit until we actually do a real big launch so day one really starts when we're
0:20:14actually in retail and that'll come in the fall um between now and then we have to work on finalizing
0:20:19our packaging getting our nutrition label on the packaging that takes 10 weeks then you have to
0:20:23do your packaging minimum order quantity is 150,000 units so we got to make sure that's
0:20:28iron tight right um we were talking to retailers that takes a long time you need to convince them
0:20:33that you're worth putting in and fighting out you know chabani to get yourself into the refrigerator
0:20:38space takes a lot of money too so we're in that process of having those conversations which will
0:20:43put us out a few more months before we're really there so what are the big obstacles then going
0:20:48through all that obviously the minimum quantities but like how do you actually get onto the shelf
0:20:53there's two really big things you need to do you need to win accounts which is in retail so I need
0:20:57to go to you know let's say Cinderella or wherever it is in New York City and I need to get to the
0:21:03buyer so sometimes you go to the store manager in person then you get to the buyer and you give
0:21:07them a test of your product and really you need to convince them why is your product going to get
0:21:11bring in more people to Cinderella than Siggies or then you know White mustache which is a very fancy
0:21:18yogurt here in New York City so that's number one is you need to win over the accounts number two
0:21:24is then how are you going to get your yogurt into that grocery store some of those grocery stores
0:21:29let you yourself distribute the yogurt which means bring it from your factory to the grocery store
0:21:35but most people don't and that means you need to find a distributor who's willing to take you so
0:21:40then there's a middleman that's involved and you need to find that distributor some grocery stores
0:21:44only work with some distributors so you need to find those distributors you need to get them to
0:21:49agree to take you on and then you start getting cut your profits start getting cut because now
0:21:55there's a middleman involved so that's really what the big two hurdles are for us over the next
0:22:00few months is finding the right accounts to go after and winning those accounts and then getting
0:22:05distributors and making sure we're at a price point that makes sense for everybody involved
0:22:09so that way we can still stay in business and grow and so you're sort of going up against big dairy
0:22:14we are yep
0:22:17so like what like what's the strategy behind going up against big dairy
0:22:20what is the strategy so dairy is a commodity which most people like think but don't truly
0:22:26know what that means there's a floor price set for milk every month by the government like it's
0:22:33truly a commodity which means obviously every dairy product downstream of that is affected
0:22:39by that and yogurt like I just said is a race to the bottom so you're looking at Chabani and
0:22:46you know you're paying $1.29 for a yogurt guess how much they're actually like making from that
0:22:51yogurt by the time it goes to the distributor to the grocery store you're making probably 20
0:22:54cents off of every yogurt that's sold so and and for scale here our yogurt cup costs $110
0:23:01like literally just the packaging of the cup so in order to be competitive we have to be a
0:23:06higher price point for us to be able to stay in business right so we're going up against
0:23:10big yogurt that's tough when it's a race to the bottom we're saying no f that we're not going
0:23:15to do the race to the bottom we're going to put ourselves in a different category coconut Coat
0:23:19was able to do that they were able to totally break that ceiling they're charging like $14
0:23:24a tiny little jar and people are buying it off the shelves we will not be that price
0:23:29but that show that there is a market and people actually are willing to pay for real probiotics
0:23:34real ingredients and things that actually work for their body and so we're saying that's what
0:23:39we're going to do we're going to provide you better macros real whole milk organic milk and
0:23:45real probiotics that are actually going to help you every day and so we're gonna
0:23:48price it higher and take a totally different strategy from what everyone else is doing
0:23:51so I hear you saying like why yours is better and you're saying real whole milk yes
0:23:57are you saying that Chabani
0:23:59and other they don't use real whole milk what they what they do use is they use a
0:24:03lot of additives to cut a lot of the milk there's also a lot of milk powders and concentrates that
0:24:08are put back in to fortify the protein levels and also to create the illusion of thickness but
0:24:14actually without straining it so you'll get other gums and powders and yeah those types of things
0:24:21the sawdust the zantham gums cornstarch you'll see a lot of cornstarch
0:24:26yeah the classic stuff i didn't realize that okay and so what are the big risks for you coming up
0:24:32when you do all this right and everything
0:24:35yeah i mean the difference between like building a SAS company and building a literal product is
0:24:42like the past two weeks I have not slept well because I have product sitting in a warehouse
0:24:46that could blow up it could go to waste it could get eaten by rats it could catch on fire like all
0:24:51these things could actually happen people could get sick like who knows what could happen so to
0:24:56me the biggest risk is like the the physicality of it makes it so fulfilling and so amazing to
0:25:02watch people actually eat your product to fold it in their hands to be able to say I created this
0:25:06thing within you know 4 months but it's also to me the biggest risk and like the scariest
0:25:12thing that keeps me up at night is that all of this can go to waste and that's where all of our
0:25:16equity is in is in this literal physical product and I heard you mention in the beginning that
0:25:20you're it's not just the body health but the environmental health that you're that
0:25:24you're concerned about is there anything that you're doing in terms of packaging uh
0:25:28your product and other processes that you're thinking about environmental
0:25:32definitely where our cows are coming from so or where milk is coming from where the cows
0:25:37live and graze so that's number one is we're looking at you know organic grass-fed milk
0:25:42that's of course going to be a premium and so it's something we're testing with customers is do they
0:25:47care that it's grass-fed or not we definitely care that it's organic but is there another
0:25:51layer that people care about that's for the environment another is the packaging so we're
0:25:56in a very prototype packaging phase right now what you'll see is not what the final is um but it was
0:26:01a huge debate do we do glass or do we do plastic because people are under the illusion that glass
0:26:06is often more environmental when it comes to shipping costs fuel associated actually the
0:26:11process of making glass it is actually way more environmentally taxing than a lot of the plastic
0:26:15that we're using so we've chosen to go with plastic that has a paper wrapper on the outside
0:26:20this is an important part that we need to message but to make it recyclable because it is recyclable
0:26:25you have to take off the paper before you put it in the recycling so we'll do something around
0:26:30that make some sort of campaign uh but those have been all like thoughtful and intentional decisions
0:26:34that we've made along the way just to make sure that we do have the environment in mind as well
0:26:38i've always wondered about water consumption around uh product packaging
0:26:44right cuz with glass there there's a lot more water that's used
0:26:46there is so much more and do you know anything about the difference in consumption of water
0:26:51i don't have any numbers that I could tell you but I do know that it's a lot more glass
0:26:55yeah my my wife used to be a really big recycler and then there was a lot of
0:27:00information that came out about it's all just getting dumped in the ocean or sent to China
0:27:03a lot of it is yeah and then the amount of water that's being used and and so now
0:27:07unfortunately a lot of stuff just goes in the trash and I don't know how it is in New York
0:27:10City with the recycling but it's not m Yeah
0:27:13i can tell you it's better in California yeah okay what frustrates you the most about the
0:27:18way that the bigger brands operate or some of we talked a little bit about the processes and some
0:27:23of the things they use as fillers but like what are some other frustrating things or things that
0:27:26just don't align with with you that the big brands do it's a great question i frustrates maybe isn't
0:27:33like the right I don't have an answer for that i do have an answer for what I think they're doing
0:27:37wrong per se and I think the thing that's really on our side is how much is the authenticity that
0:27:44we're able to show like there's a discomfort that Alain and I often have with saying "Damn we just
0:27:52got a cease and desist." Or like "Oh [ __ ] this product tastes really bad." Or like "Uh you know
0:27:57this went wrong." Because that's not what bigger brands are doing bigger brands are just showing
0:28:01you like the polished version version at the very end of whatever R&D process they had whatever
0:28:07brand building process they had but actually I think that this process has made me led to believe
0:28:14that like that actually doesn't build trust with the consumer and what builds trust with the
0:28:19consumer is taking them through like the ups and the downs and the real failures throughout because
0:28:24they can see and they can trust that actually now I actually really believe in this product
0:28:28i believe in the people who are making this i see the brand i can trust where my food is coming from
0:28:34and this process just really is made highlighted that for me like as a consumer now I'm a very
0:28:38different consumer when I think about buying from a big brand a very opaque brand versus one
0:28:43where I get to see the whole process and where it's coming from opaque brand like that yeah
0:28:48yeah there's a lot of opaque uh yogurts and so how do you start to scale your
0:28:56community engagement as you grow you're launching we're looking into the future
0:29:00how does how do how do you scale the in real life connection how do you scale community as you grow
0:29:06that's a really good question i don't know like I don't know we're figuring it out i think it's
0:29:11something where currently we've just sort of tackled the next thing as it's come and we're
0:29:18sort of lucky that things have worked out and I'm sure things could have worked out better but we've
0:29:23just made it work whatever direction it's taken us and so I sort of see that as the next phase is
0:29:28how do we make this scalable the biggest thing I think about is how do we tap into existing places
0:29:33where our customers are where we don't need to build that audience we can just tap into
0:29:38an existing audience get our name out there and if you think about like we're like a drop of blue
0:29:44or blue if we're a drop of blue ink like we get to go into another cup of water drop our little
0:29:49bit of blue ink and it spreads everywhere and then to another cup of water and another another cup of
0:29:53water and I see that even here right like I get to tap into your audience i get to tap into these
0:29:57Damian's audience Founders Common's audience and I get to be here for 45 minutes and share
0:30:04my yogurt and then I hope that you all enjoy it receive the message can tell that story to your
0:30:09friends and it continues sort of bleeding on and expanding that's my best answer i have no idea
0:30:15yeah i mean I think keep sharing the story too right yeah
0:30:18over and over i'm like you have to say it 10 times before somebody remembers what it is yeah
0:30:22yeah yeah and at what point are you just the talent that shows up and
0:30:27fully totally I'm like it's very sometimes you're just like a figurehead for something you know and
0:30:32it feels it can be very exhausting what have you taken from private
0:30:35equity into what you're doing now two biggest things one is what are you
0:30:40building towards i think being very clear about are we building towards an exit are we building
0:30:45towards profitability are we building towards exiting towards a strategic towards another
0:30:49fund towards whatever it is informs the decisions that we're making in the beginning not so much
0:30:56now it's really beginning to inform the decisions we're making whether we fund raise whether we buy
0:31:00a factory or do we just use a co-manufacturer um those types of things so that's number one number
0:31:06two is align stakeholders this sounds like such like a corporate jargony thing to say uh but I
0:31:12was sitting in a lot of rooms where I was advising CEOs and executive teams who were like 40 years my
0:31:20senior and there were so many different parties there was you know the fund level there's the
0:31:27executive teams there's the board seats there's all these different people and you need to make
0:31:30sure they're all on board and the secret is you can still have the answer and you can guide them
0:31:36all towards that answer you just need to sort of whisper in all their ears and make sure they're
0:31:40brought along in the decision-m process and then you can make sure they end up all on the same page
0:31:44and I feel like that's how I treat every decision we make with our community and our followers is
0:31:50you know maybe we already already actually know the answer it's just about bringing you along in
0:31:55the decision-m process so you can see how I got to that answer so even if you would have
0:31:59made a different decision you can empathize and understand where we where we were so that's sort
0:32:04of the second soft skill corpory thing yeah stakeholder management is
0:32:09is not my favorite thing to do no it's exhausting it's exhausting but
0:32:13yeah in that environment you have to do it and so now you besides your your customers
0:32:19and your audience you don't like you are the board member you are
0:32:22Oh that's the most amazing thing it's like there's no back and forth right it's just me and Alan and
0:32:27we just make the decision together or I just make the decision I tell her and then we run from there
0:32:31so there's not this annoying you know loop that you're always stuck in but I will say sometimes
0:32:37we make a decision and then I think oh my god we haven't like we're going to make that decision
0:32:41and nobody else knows about that and all of a sudden they're just going to see us at our
0:32:44co-manufacturer and I spent all this time telling them about how we're going to decide to choose a
0:32:49factory what are the different you know factors and variables that we're choosing a factory on and
0:32:53all of a sudden they're just going to see me there that's very disjointed i need to tell that story
0:32:57in between and so sometimes we have to go back and actually think about what's the narrative that we
0:33:01are telling and how we made this decision and so that's also always on my mind is how do I sort of
0:33:07spin that story spin is like a very negative thing it's not manipulative at all it's more just like
0:33:11how do you fill in everybody to where to where you got Yeah you have to think about what they
0:33:14might be interested in learning from you yeah and uh it can be very detailed or it can be broad i
0:33:20think as I've started my social media journey like seeing what people are interested in has
0:33:25really like once you start sharing you get feedback from people
0:33:29all the time and so you can yeah you
0:33:32can you can see what people are interested in and then that that helps me understand what I
0:33:37can be sharing with with the audience what they really like the fact that I'm in New
0:33:41York right now my audience has just been like loving it loving it they absolutely love that
0:33:45I'm in New York for I everyone loves the city is why yeah I mean that's it's everyone loves
0:33:49the Everyone loves a city so that's a big piece of their heart so it's true it's true
0:33:54uh you mentioned that you are using one factory right and you said you might use or
0:33:59buy your own factory help me understand how you We won't We're not going to buy our own factory
0:34:05to be very clear um why not why not
0:34:08it's a good question because we need to raise like a ton of money to do that and actually go and do
0:34:14that and look Chbani did that that's how they got their start and now they're a huge company they're
0:34:19a generational company they're now inquisitive i think for us that's not the long-term goal at
0:34:25least not for right now um we want to do what's best for this company to actually be successful
0:34:31and right now like our main focus needs to be on growing it not necessarily on going and raising
0:34:37$20 million to go and buy a factory um it's about like getting the customer base growing it be up
0:34:42and running and maybe talk to me in like 2 years from now but for right now that's not the best
0:34:46decision i think you just made a really important point that anyone that's building a company can
0:34:51learn from keep your main thing the main thing so yes it might feel like going and buying the
0:34:57factory because Trabani did it and because you know you might need to at some point in
0:35:00the future but that's not necessarily your main thing and it can become a huge distraction from
0:35:06doing your main thing anything can happen in that time that you're focused on buying a
0:35:09factory especially with a small team instead of focusing on the main thing especially when
0:35:15you're so engaged with your audience yeah it's a really good point too
0:35:18yeah like they it feels related to go figure out this bottleneck
0:35:23that you might have but in reality it's a huge distraction especially
0:35:27in an early stage if you can narrow down the 20% the 5% of the things that you need to do
0:35:34and I'm you know I'm just No it's right if you can narrow down to like what are
0:35:37the what's the 5% of work that me as the founder that me as the co-founder that me
0:35:42as the content creator can do to achieve 95% of the results that's when you can be super
0:35:48super successful but it's hard to identify hard yeah I think you're so right it's like totally
0:35:54the ruthless prioritization another corporate jargony word that I'm just saying but it that
0:35:58is true is like there's so many distracting things I even think about it with like fundraising calls
0:36:03we're introduced to so many funds every day which is fantastic that we have you know inbound on
0:36:09wanting to have these networking conversations but it's so distracting when actually we have
0:36:14saved enough and put enough aside to get to our first real production run and so like like what
0:36:18you said it's like okay let's just keep the eye on the prize if we can get there then we can
0:36:22sort of you know continue on and continue on we don't actually need to do all these other things
0:36:26so what are you building for you mentioned exit raise like from your PE world and now
0:36:34your decisions are being influenced by or your decisions now matter more as you're building
0:36:39towards something so what are you building towards we are building we want to keep our options open
0:36:44and I know that's a non-answer but it is in the sense of we don't have as many strategic buyers
0:36:50as David's protein bar or lollipop or Poppy or whatever it might be because dairy and
0:37:00cold chain there's only there's fewer buyers so you know General Mills is shutting down
0:37:06all their yogurt like all these big companies that usually acquire are not actually looking
0:37:11in the yogurt aisle you have Lactillis which is a big yogurt brand they own Siggy Stonyfield um
0:37:16a lot of those big Brown cow a lot of big yogurt um Denown which has like OOS Dannon Danals you
0:37:23name it um and there's a few other players in the yogurt space but again we need to build for
0:37:30optionality because we don't have necessarily that like guaranteed exit guaranteed exit that
0:37:37a lot of these other like CBG shelf stable brands have so again we're keeping our options open which
0:37:44means we just need to build like a really solid business that can be profitable and that then we
0:37:49can either decide to keep and own as like you know a scaled business or that we do have the
0:37:55option one day to exit to one of these so are you focused on cash flow then on profitability
0:37:59mhm we are okay yeah
0:38:00which is a shift from the last 10 years really totally it is and you see that a little bit as
0:38:06a shift generally there's just like slightly less money being thrown out around in the venture world
0:38:11towards some of these CPG companies and yeah so yeah and you mentioned David protein bars I just
0:38:17discovered those uh recently love them and then I don't know if you know the recent news they well
0:38:22they're they're going to going to court but they bought yes
0:38:26the factory that produces the the binder so then they're going to cut everybody out of the market
0:38:32of being able to uh produce similar products yeah which is wild and you for I don't know
0:38:38how Alana and I were like not thinking about this but we got on we got on the phone with
0:38:42the founders the other day literally two days ago with David's protein bar and we're you know
0:38:47asking them all these questions and like midway through the call we realized oh stuff is so
0:38:52different for them because the founder started RX right so like they got like a leg up it's like oh
0:38:57yeah I started yo play now here I am starting a new company of course it's going to be you know
0:39:02we can get to 100 million revenue in the first year like there's there's definitely going to
0:39:06just be a leg up which he absolutely should take advantage of and it's a very different situation
0:39:11what else did you find out on that conversation with David Bars yeah
0:39:15they gave away a ton of free product in the first week that they launched and they hit a million in
0:39:21revenue in that first week which is insane but giving away free product was a huge flywheel for
0:39:27them because people were people never get free product and it wasn't influencers that they were
0:39:31giving free product to it was people who had been on their weight list who were normal people like
0:39:35you or me and we're not used to getting sent free things and so by getting sent something
0:39:40free of course they're going to talk about it of course they're going to tell all their
0:39:44friends about it they won't shut up about it they're going to post on their stories about
0:39:46it and it created this instant moment of virality and this sort of boost right in their first week
0:39:51of launch that was so critical to actually get them the growth that they wanted to see
0:39:55are you planning on something similar maybe something similar now we're like
0:39:58"Oh yeah it's a great idea." Yeah it is cuz word of mouth
0:40:01is still like one of the best ways to it's like organ that's what you need is organic virality
0:40:06yeah organic virality if I can have the moms
0:40:08talking about us to other moms at pickup and drop off then we're set like that's golden
0:40:13yeah you're on the next door app like that's what you want that's what you want you've won when you
0:40:17and you can do that totally totally
0:40:19so how do you avoid burnout with everything that you're doing
0:40:24i don't know i don't know i think that it's um Alana and I are like hitting that right
0:40:30now we're early it's been 6 months but the past like 3 weeks in particular we joke these are our
0:40:36investment banking days like we're you know up till 1:00 a.m up at 6:00 a.m again again again
0:40:42again physically demanding like physically biking trucking loading [ __ ] everywhere and it's really
0:40:50really really fun but also it's stressful and so it's one of those things where work doesn't feel
0:40:56like work but it also is stress we have like low-grade anxiety but then also we're having
0:41:00so much fun while doing it it's really hard to acknowledge that it's you know one way or another
0:41:06i don't know how we avoid burnout like we're just sort of in it and ask me again in like 6
0:41:11months and maybe I'll have an answer or maybe I'll still just be really in it i don't know
0:41:15yeah they say for people that are deciding what they want to do go find what feels like play to
0:41:21you but looks like work to others and then that's like your zone of genius that's your flow state
0:41:27and go hard go all in as much as you can oh yeah i mean
0:41:31I have friends who say "I can't believe you do this i can't believe you talk to so many
0:41:35strangers every day because every pickup drop off every customer I meet you know I talk to them i
0:41:41want to engage and like genuinely on authentically want to engage with you because I want to learn
0:41:46about you and what your yoga habits are and why you like this or why you don't or whatever it
0:41:50is but also I'm 99% an extrovert like on any test that I ever take and so to me I'm like
0:41:57this is just fun like this is just energizing and fun and plays to my strengths in a way that
0:42:02I think can be very draining for other people too one of the things that I heard from one
0:42:06of my mentors that resonated early on was that uh becoming an entrepreneur is actually the greatest
0:42:14self-improvement project you could ever go through do you feel like you become a different person
0:42:20better person better yes like you're constantly having to find your edge you're constantly
0:42:27learning like where are my weaknesses how do I address them how do I get better at them but I
0:42:32do feel like there's a double-edged sword where I feel like there's like a self-absorption that
0:42:37can come with that too which I don't love like I I don't feel like I am self-absorbed but my work
0:42:43is me and so I am absorbed in that bubble of sour milk of my social media of myself of how do I get
0:42:52better at this of how do I do and that is my world i don't have this like broader work community
0:42:57where I'm working towards this like other person's vision and this other team goal and so I think
0:43:02that's like the other side of the founder thing that I I don't know it's I'm still sitting with
0:43:08I was going to ask so how do you balance that i feel like I've become like a worse socializer
0:43:12with friends it's like I don't have anything to talk about other like my work um but I tried now
0:43:20that I'm conscious of it i feel like the first few months I was less conscious of it and now
0:43:24I'm aware of it i don't know i just try to like be much more curious about be more overcompensate
0:43:29be more curious about other people's stuff what they're doing obviously I listen to a bunch of
0:43:33podcasts not in my space like try not to always be in the same space of health probiotics founders
0:43:40all those things get out of that um and make time for like other people and other things that's the
0:43:46biggest thing that's the hardest part but yeah create space for yourself create
0:43:50space for the people that matter love that all right Kiki thank you so much and then we
0:43:56are going to go over to the audience now for some Q&A i have a question kind of related to what you
0:44:02guys were just talking about on burnout so how do you Kiki juggle being the face of social media and
0:44:10doing literally everything else um I mean you can work hard but at a certain point you need
0:44:15to be planning effectively and like wearing a lot of hats so what tools do you use or are you
0:44:20trying to figure that out at this point like in order to stay on top of everything you need to
0:44:24totally that's such a good question for sure use so many tools with social media that's been
0:44:28like the biggest game changer when I was first learning how to do social media it was just like
0:44:33a dayby-day knife fight you know I was just trying to figure out how to make a 45se secondond reel
0:44:39every single day now I actually plan my content the week before and I have content pillars and
0:44:44I sort of think through this is the day I'm going to film a day in my life this is the day that I'm
0:44:49going to do I call Alain makes fun of me but I call it a talking head video when it's just like
0:44:53your head to the screen you know like a talking head this is the day I'm going to do a talking
0:44:56head video on this type of topic this is when I'm going to do these types of stories and then I'm
0:45:00not consumed by it i used to be consumed by I have to be taking footage at every you know point just
0:45:04in case there's no just in case now it's set and it's planned and so that's very very helpful and
0:45:10very important um and then I think I'd go crazy without a co-founder honestly I think having a
0:45:15co-founder has been the best part of this journey is she's my best friend people say don't go into
0:45:20business with your best friend i think like she's the only best friend I would go into business with
0:45:25and it's proven to be very very the right choice and I think we balance each other out and keep
0:45:32each other sane and that mental check of am I prioritizing these things right am I spending
0:45:36too much time on this um so it's one the tool of actually planning out your content and I mean we
0:45:42do the same for how we think about our road map as well and then secondarily having that gut check
0:45:48person to keep you accountable something that's worked for me is planning my days around my energy
0:45:56so if I know that I can do really deep focused work in the mornings which is true it's harder
0:46:00for me to do deep focused work in the afternoons or at night so I scheduled a lot of things around
0:46:08my energy and it takes a while to get there and to learn but um if you know yourself
0:46:13and if you know Monday mornings is better for something and Friday afternoons is better for
0:46:17other things then literally schedule that stuff on your calendar and do the best that you can
0:46:22to adhere to that um amongst all the hundreds and thousands of things that you have going on
0:46:26kiki if you were going to create another product within the product line down the road what do you
0:46:32see it being i get a lot of requests for drinkable yogurt like in a pouch for on the- go so there's
0:46:38something that's interesting there people are already doing it but I think why not try it um
0:46:43so that's one i would love to just be up and down the dairy aisle like I would love to do a
0:46:48really yummy cultured butter i would love to do um actually do like just milk too i think that could
0:46:54be really fun to have like a sour milk milk would be kind of cool and funky um and then yeah the
0:47:00drinkable yogurts I'd say let me ask a question how do you So let's say you want to go down the
0:47:05road with like a sour milk yeah totally
0:47:07how do you reach Midwesterners and say "This is gonna be good."
0:47:12I actually think it's the only way to do it maybe that's a hot take but what do I have
0:47:17over a Chbani what do I have over a Siggies i have literally nothing all they know is that
0:47:23it's yogurt that it's in the yogurt aisle it's a plain yogurt and to them what's the difference
0:47:28between this probiotic or not probiotic to make them take a second look on the yogurt
0:47:34aisle at this weird name called Sour Milk that's literally all that I have is that brand and those
0:47:39two seconds that I get right there and so making people pause for 2 seconds is like our biggest
0:47:45asset right now to get somebody in the Midwest because otherwise we would just fade into the
0:47:50background and maybe we'll turn people off but actually maybe we'll turn some people on which
0:47:55then creates hopefully some virality organic virality through word of mouth through that
0:48:00yeah mulk I think did that really well they did first time I saw Mulk I was like "Huh that's
0:48:04weird." And then I had it and I was like "Oh this is the best almond
0:48:06milk I've ever had." Totally totally you're super passionate about what you
0:48:10do it like illuminates um so I'm really curious how you navigate disagreements
0:48:17on your team even with your co-founder yeah that's a great question by the way
0:48:21my team is just me and my co-founder so the disagreements are the two of us
0:48:26um actually the only disagreement we ever had was over choosing the the new name and we have talked
0:48:35a lot about how do we navigate disagreements and I think we've been lucky to this point where if
0:48:39we're given the same set of information and that's has to be the necessary truth right we have to
0:48:44both be given the same set of information we often will come to the same conclusion because we have
0:48:49no ego about this we're in this for the business because we're both very passionate about this
0:48:53i think where it differs is for us on the name we had like a different set of truths because I'd
0:49:00actually been on the the front lines marketing and she had wanted to go with a safer name and sour
0:49:06milk to us was like the unsafe name and I was like well I'm for the past 6 months I have interacted
0:49:12directly with customers customers every single day and seen what resonated and what doesn't and
0:49:18actually the most uncomfortable things are the things that resonate and get the most attention
0:49:23and yes like likes and views is not necessarily the same as buys but in this economy it kind of is
0:49:30turning into the same sort of thing and so we're now operating with different knowledge and on this
0:49:35one hey I think I have more expertise and it comes from no place of like hey I'm better than you on
0:49:41this it's truly just like where are we coming from and so we had that very honest conversation and it
0:49:46was like yes okay great and so that's sort of the framework that we've always built around
0:49:50this is like what knowledge are we coming to the table with what's the delta between us two and
0:49:55are you maybe more have higher ground here if so okay I trust you enough to actually go with this
0:50:00so you wrestled for it and you won is we wrestled and I won
0:50:03yeah does it creates a roles and responsibilities conversation though especially as you scale and
0:50:09maybe bring on other team members like totally
0:50:11or Yeah
0:50:12yeah cuz I do a lot of work or used to work a lot with my wife and when we got better at
0:50:16working together was when we got clearer on who's responsible for what decision-m totally i mean
0:50:21like she knows everything about product she was a product marketer she was a product manager in her
0:50:26previous life at like a web 3 API company so not yogurt not physical product but comes from she was
0:50:31a computer science major at Stanford is totally an engineer and totally takes the yogurt project
0:50:36like an engineer and has completely engineered the entire recipe figured everything out to the super
0:50:43super small fine details that I'm like totally lost on um and so that's really her area of
0:50:49expertise as well is being very clear on that i had a question that kind of ties into that
0:50:53technical background so if you're a founder and you don't have a technical background in
0:50:58building the product that you're trying to build towards like the co-manufacturing how did you go
0:51:03about picking the right co-manufacturer like how did you navigate that process what kind
0:51:07of questions did you ask what were the qualities that you were looking for i mean we also obviously
0:51:12had no idea before we started so first we made sure we were super prepared going into any of
0:51:18those conversations so we talked to a lot of other CPG founders who had worked with co-manufacturers
0:51:23before so what are the and people who had churned like who had had a bad relationship when and moved
0:51:29to a new one like what were the things that you wish you knew before and so we got really a better
0:51:34understanding from that the biggest things that we were looking for was the partnership so are these
0:51:39people we actually want to work with because we're going to be there and we need to trust them with
0:51:43our product and even if something goes haywire on the processing line do we know that like the end
0:51:48product they will vouch for and that we can trust will be in good shape right so that was number
0:51:54one is who are the people that we're working with will they be willing to meet us where we are right
0:51:58now we're tiny right we're doing 250 gallons of yogurt and we don't even of 250 gallons of milk
0:52:04and we don't even know like our schedule right are we going to be once a month they're going
0:52:07to be once a week we don't know they have to be willing to meet us where we are and a lot of these
0:52:11big factories are not willing to take on a little guy or they're going to really strongarm you and
0:52:16they're going to make you pay insane prices to be there because you're a nuisance to them
0:52:19so we needed to make sure that they would do that and then the third was will they be able to scale
0:52:23with us so there was a lot of small places that we were talking to that they were willing to take us
0:52:26on because they were small and we would actually be a big source of revenue for them but they were
0:52:31not going to be the partner for us in one year and ideally we could hit all those three where
0:52:37they could meet us where we are now and we could scale and we could be at a place where 2 years
0:52:40from now we're doing you know five pallets every 3 days and they're still the right partner for
0:52:46us so those are the biggest things and and then you'd also just have to like vibe check it um hey
0:52:53Kiki so I think a lot of us in this room are found are founders in some way or trying to be founders
0:52:59and and I'm really curious from your perspective if you were to redo um this all over again what
0:53:05would be one of the best decisions that you guys made for your company and what would be one of the
0:53:10less smarter decisions that you guys made so far less smart decisions is not investing in a lawyer
0:53:16at really important times so hence getting the cease and desist that was a situation that was
0:53:23unfortunate we filed 24 hours after the other Benny filed so if we had a lawyer they probably
0:53:31would have caught it there's also still a huge chance that they wouldn't have caught it cuz it
0:53:34was literally 24 hours but we were sort of under the mindset of someone had given us advice you
0:53:41guys can just file your trademark without a lawyer it's actually pretty easy you just have to pay the
0:53:45$350 to the USPTO and we did that and we did our own search but we were not thorough in
0:53:50that search and so pay for legal help when you really needed and now we are lawyered up and we
0:53:57uh paid for legal counsel for our new name and also for our co-man contracts like any contract
0:54:03that we're writing signing all those sorts of things um social media is the biggest thing
0:54:08I would do over and over and over again it's like it's crazy and it's very uncomfortable for
0:54:14me personally like your question about being the face of it i mean I have my own weird like moral
0:54:21ethical I don't know what it is about about like playing into the attention economy and being this
0:54:27like you know vapid influencer or face of things and so that's uncomfortable for me personally
0:54:32but for the business it's like been the best thing that we could have ever done the fact that we sold
0:54:36out of 1500 yogurts in 7 days you know where we had the most high friction buying experience where
0:54:41people had to literally come to us in a random part of New York City to pick up their yogurt
0:54:46that's incredible and we only had that because we actually built a following um I'm curious to hear
0:54:51more about your sources of learning especially as an early founder i think and I just hearing
0:54:57from other founders as well there's a lot of different places where you can get information
0:55:01so I'm curious where you found the most useful like golden nuggets of information is it like
0:55:08googling how to make yogurt you know which a lot of founders do their answer is like I just Google
0:55:13it and I figure it out is it chat GPT in YouTube is it finding a mentor in the space is it calling
0:55:20other co-founders like you did with you know David Bar like what has been the most helpful
0:55:24for you and maybe that has changed as you've kind of gone through different phases but I'm curious
0:55:28to hear about that i mean definitely chat GPT is like the most helpful for us just on business
0:55:33stuff right like how do I get my like New York vendor's license like just stuff like that that
0:55:37you don't even know you need to know um it used to be like so many founder chats because we just
0:55:44needed to understand like the lay of the land now it's specific founders that are in very adjacent
0:55:50or specific like fields so there's two founders that we call all the time one is a frozen cottage
0:55:57cheese company Froco they have they're called Smear Casease joe is awesome and he's in dairy
0:56:03and so that's incredibly helpful and he's it's not cold chain it's refrigerated but it's like similar
0:56:10and so that's been really helpful another is Eli she has a company called Bezi it's a Lavna company
0:56:15here and again it is dairy it is refrigerated cold chain and she is absolutely not doing any shipping
0:56:24and that has been like learning and hearing about her retail strategy and how she's going about this
0:56:29we could talk to David's protein bar we could talk to Poppy we could talk to all the most successful
0:56:33companies they don't have the same path to market as we do and so talking to people who have the
0:56:37same path to market the same types of challenges with their products now that's the helpful thing
0:56:42and we'll probably like David's we took the call because like it's David's protein bar right now
0:56:47and they're like the hottest thing but we're not really doing founder shots other than people who
0:56:52are really in our niches how did you get time with these founders i think people want to help so when
0:56:59you start when I started putting myself out there and said "Hey this is what we're doing." Like
0:57:04and wasn't asking for help but folks sort of like flooded in and offered it being in front of people
0:57:10we met a lot of these people at events and we just went up to them and said "Hey like I'm Kiki we're
0:57:16starting a yogurt company we know nothing about this can you you know would you have time to get
0:57:20coffee who are in the same adjacent industries of dairy blah blah blah you're cornering them you're
0:57:25asking them for a direct ask they're going to say yes right so like being very direct with your ask
0:57:29is very important and then like adding value immediately so a lot of these when we ask for
0:57:35a coffee chat we often will propose like hey for example Bezi she's she'll say this herself she's
0:57:43not good at social media so initially it was like hey I have some tips for you on how to do better
0:57:47at social media here are the things you need to talk about let's get on a call and actually
0:57:50discuss this and so I can provide immediate value to her and then it's worth her time as well
0:57:55yeah and this is I'm guessing all through social media right
0:57:58yes yeah so that's
0:57:59the thing that I've learned with social media if you're a founder or you're starting something
0:58:04the world can feel big and scary as soon as you start posting on social media it actually starts
0:58:09to feel a little bit smaller because you're going to find the other people that are doing the thing
0:58:12that you're doing they find you and you can get help and I think your strategy of adding value
0:58:18and in whatever way that you can and not being a burden is a huge strategy and so social media
0:58:23creates a smaller world and then it also expands your world and it makes everything feel a little
0:58:27bit easier actually uh when you have all these resources behind you and then honestly there's
0:58:32there's this story from entrepreneurs about like oh everyone everyone hated me they said it was
0:58:36too risky they all doubted me that's not been my experience on social media like there's there's
0:58:43people that are out there I'm sure staying silent i haven't had like I've had mostly cheerleaders
0:58:48and people that are like go go go and it's been very helpful being on social media for that
0:58:55i totally agree i think the one thing that you will find with the CPG is like
0:58:59you know in order to hit just a million in revenue I have to sell so many yogurts to get there and
0:59:06so you'll definitely get doubters from like a business perspective so for example when I was at
0:59:10my private equity firm it was like is this really the business that you really want to go into
0:59:14fair that's a very fair comment um but otherwise like no one's doubt everyone's
0:59:18trying to be your cheerleader for sure yeah yeah yeah and you definitely get the doubters
0:59:21and people just don't understand or they've they've walked the walk and but that's part
0:59:25of the journey is you have to do it your way and your way will either be extremely
0:59:30successful or you're going to learn a bunch and you're going to apply that to the next venture
0:59:33yeah exactly i find it very inspirational how you build your marketing as you're building
0:59:38your product and like especially seeing how when you post on social media how people get
0:59:42invested in your product and that all it's only available like in real life at specific
0:59:46like pop-ups and like one of the reasons I came cuz I I really wanted to try the
0:59:49yogurt and it was Yeah it's going to be here yes perfect so I was wondering after you launch do you
0:59:56plan to change your like marketing strategy and do like other things other than like inerson events
1:00:02like expose and like social media or like this because these things work you plan to just like
1:00:07go keep going heavy on them i don't know yet but I think we'll probably keep doing what's working
1:00:14um I think what you said was so on point which is like your superpower your zone of genius is
1:00:20what's fun and what's almost easy for you and play for you and hard for other people and we
1:00:25found that to be the case about the social media and the events and just like the inerson touch
1:00:30points and interactions and so we definitely want to keep those things going i'm sure we'll
1:00:35explain to like you know more UGC or influencer marketing or like all those types of things but
1:00:41to us that feels like a little more inauthentic and also just like a we don't know about that yet
1:00:46you know we're not there yet and so I don't know so as you kind of step into this creator CEO role
1:00:53how do you think about or what's your opinion on the delineation or not of your personal
1:00:59brand versus Sour Milk's brand as you continue to scale and grow thought a lot about that because
1:01:04I'm building from my personal account versus Sour Milk's account and to me they feel distinct and I
1:01:11sort of see my Instagram and Tik Tok is CouchWoman cuz my last name is Couch Man and Couch Woman
1:01:18it's a great it's a great Thank you thank you it is good
1:01:21i've like held on to it since like freshman year of high school and never letting go you know um I
1:01:26see that as like really at least for Sour Milk right now like top of funnel it's it's an area
1:01:31where I can capture people who are interested in what it's like to be like a 26-year-old living in
1:01:36the West Village in Manhattan who's quitting their job who is disgruntled with their finance job and
1:01:41wants to do something else and maybe didn't even think they were interested in yogurt and now are
1:01:46super invested and super interested in yogurt and now they'll check out sour milk and so that's
1:01:50currently how I'm using it definitely it will evolve and it's given me much more latitude to
1:01:58run with things that I wouldn't be able to do on Sour Milk's account so brand building with Sour
1:02:03Milk looks really different than brand building with Couchwoman i get to try Chabbani and tell
1:02:07you it tastes really bad and there's a lot of shitty things in it as Couchoman as Sour Milk
1:02:12like I don't know if I want to stand for that as that type of brand um as couchwoman I also get
1:02:17to talk about like this sucks i feel burnt out i am like kind of recovering from a cold right
1:02:22now if you can't hear and I had four events this weekend and we did 150 drop offs i'm really tired
1:02:28from Sour Milk's account like that's not going to be the same exact narrative and so I don't
1:02:33know like if there will be a next venture or what that looks like but right now Couchwoman gets to
1:02:38be a much more authentic sort of space for me as CEO and co-founder of a yogurt company not me as
1:02:46Kiki and that's a sort of separate conversation too where I've had to be very like distinct with
1:02:51that boundary as well i used to post a lot about myself personally and now it's just sort of like
1:02:56linkedified if that makes sense yeah as a followup I was actually
1:03:00going to ask how do you think about the authenticity of your personal brand now
1:03:04i think authenticity doesn't need to be like wholly consuming like you can be authentic but
1:03:09still only show 25% of who you are um so it's not that I'm necessarily it's not that it's
1:03:15inauthentic because it's not showing a 100% of me you don't know who my sister is all the time where
1:03:19my family is that I grew up on a dairy I didn't grow up on a dairy farm that my dad grew up on a
1:03:23dairy farm um like that I'm half Chinese like all these things they don't need to necessarily be on
1:03:29couchwoman to still be an authentic version of part of who I am and so I just think about like
1:03:34me in this co-founder seat what are my authentic opinions about this thing how am I authentically
1:03:38feeling about this thing and those need to be captured through CouchWoman not all my identity
1:03:45needs to be captured through Couchwoman i think about Alex Herozi when this question
1:03:49comes up because it comes up a lot do I should I do my personal account should I have my business
1:03:52account or how do I do that and I think about Alex Heroszi how many businesses does Alex have
1:03:58do we know he probably has 10 right a lot
1:04:01a lot do you do you follow Acquisition.com or do you follow Alex right
1:04:06who are you buying from you're buying from Alex just because he has other products and businesses
1:04:11that you end up actually buying from just because it's a piece of paper that was filed to the state
1:04:16you know I know that sour milk is more than that but ultimately and your personal brand
1:04:20will go with you wherever you go whether it's sour milk or something else or anything else
1:04:25and I think like that's to me it's like oh it's not necessarily about that but I do think people
1:04:31really do follow people and not brands like people follow Elon Musk and they know who that
1:04:35is and they know what Tesla is but like they know who Musk is right or like Donald Trump
1:04:40versus the Republican party or like these like crazy figures i'm not trying to be those like
1:04:45those types of people but there's definitely something about the power of the person and
1:04:49the personal brand versus the actual institution or like company or bigger organization behind it
1:04:57how long did it take you to get over the cringe of just like seeing yourself online and what are like
1:05:04the practical steps you took to actually like get engagement in the first month of posting because
1:05:10obviously it's a huge part of your brand and I myself I was a very early follower and yeah I
1:05:16very much admire that part of it it's so cringey um I still really struggle with that for what it's
1:05:22worth like the feeling of you know pointing at someone's video and you're like laughing at it
1:05:27because they get like 20 likes and I know that I'm that person for like a lot of people but
1:05:33you just have to get over it um I posted I made a commitment to post practically I made a commitment
1:05:39to post every single day for three months so 90 days one video a day you just got to do it Kiki
1:05:45i don't care and I started on Tik Tok because Tik Tok felt more anonymous than Instagram because I
1:05:50like co-opted my personal Instagram account to do this so I started on Tik Tok i started
1:05:54a month before and that gave me the confidence to then just go and do it on Instagram and everyone
1:06:00told me "Hey your customers on Instagram they're not on Tik Tok they're going to be a higher price
1:06:03point buyer they're going to be a little older like they just you got to get on Instagram."
1:06:08So that was number one do it every single day what that forced I couldn't I was not allowed
1:06:13to tell myself I'm bad at this until I did that for 3 months because I did not have enough data
1:06:18to tell myself I was bad at it so until I posted 90 videos like you're just someone who's posting
1:06:2620 videos like you're not good or bad you have no idea you know whether you are or not and so
1:06:3290 videos gave me a benchmark to actually look at what was working what was not and then from
1:06:37there and that was like January 1 from there I was able to really hone in on this is what's working
1:06:43and this is not so that was like the first big tunch was like just get through that and you just
1:06:48can't judge yourself and you just have to throw spaghetti at the wall and see what works and then
1:06:52from there it was about crafting the video so through that process I started following a lot
1:06:58of people who do a lot of content creation type stuff and really learned about visual
1:07:03hooks learned about verbal hooks learned about storytelling learned about you know creating a
1:07:07villain in the story and how do you get over that and overcome it how do you make someone
1:07:10actually convert to a follower those types of things uh but you'll learn those things as you
1:07:15go i think the biggest thing is actually just sort of the exposure therapy honestly
1:07:19a smaller first step if that feels too big sorry was that a really big
1:07:23That was a great No that's how like that's how all the content creators that's the advice
1:07:28that they give you just basically gave sort of a little bit of a master class and have started so
1:07:33but a smaller first step is through Instagram stories because stories go away in 24 hours
1:07:39if you can post three stories a day maybe one of you actually looking at the camera and talking
1:07:45to it and try to get better every single day it goes away in 24 hours but your followers
1:07:50your existing followers will tell you what they like and what they don't like you'll see some
1:07:53engagement and you just start to get better the next step could be going live every week
1:07:58oh my gosh I've never been live you should you should
1:08:01no that's so scary once a week go live
1:08:03what do you talk about you just talk about what
1:08:06you're doing you show you're at a pickup and then maybe you can do some Q&A like this
1:08:10oh my gosh you should try going live yeah you should try
1:08:12try going live oh gosh see that seems scary to me yeah but that's the thing it's all reps it's all
1:08:17reps yeah the one other thing that I'll add to that is through those 90 days that I had exposure
1:08:23therapy for myself I was able to figure out a style i wouldn't have been able to figure out a
1:08:28style if I just did one a week cuz I would have endless time i would have seven days to work on
1:08:32one video and I could make it amazing and perfect and all these things when you're forced to make a
1:08:37video in 24 hours I mean honestly like uh like 3 hours because I was working during that time you
1:08:43have to figure out what's authentic to you what comes easy what comes natural what resonates with
1:08:47you personally cuz you're not going to be able to keep this up if it is really hard and takes
1:08:51a very long time cuz my job is not video editor my job is co-founder and you know building a
1:08:57company and so you had to I was forced to figure out the thing that fit into my life as part of it
1:09:02what's the point of what you're trying to say tell a little story and then reiterate
1:09:07the point always how are you bringing value to the person who's watching
1:09:11it's the biggest thing be very ruthless about that is like how is this valuable
1:09:15there there'll be times when I make something I'm like scrap this is it's not
1:09:19valuable actually I'm just saying something I want to say nobody wants to hear this so
1:09:24how do you decide what's valuable and and I follow up cuz like you're telling a story right and it's
1:09:31kind of your journey about how you're doing it so who is the audience that you're trying to create
1:09:37value for do you have someone specific in mind like a like ICP like an avatar that you're talking
1:09:43to or is it just I think this might be valuable there's two types of value one I think about is
1:09:50reach so like what's something that's going to be sort of like mass valuable I guess and mass
1:09:57create an emotion to me that's the biggest thing is when I want to get more reach I want to create
1:10:01an emotion um and then there's the niche value of like how do I serve my existing customer base and
1:10:07my existing customer base is here because they're invested in this yogurt journey and so what's the
1:10:12thing that's on my mind about like decision making or how I'm going through this so those are usually
1:10:18like the two vectors I think about it through is like serving base versus getting more reach
1:10:24yeah i have a question so it's interesting story about the yogurt in the world in in New York City
1:10:31yeah i just like wondering how did you figure out the product market fit did you start talking to
1:10:37your friends and family or you actually went to the yogurt or you went like to the stores
1:10:42like Choban and say you know what I have a secret formula for you but the yogurt better
1:10:49life we conducted about 150 customer interviews before we ever even decided to quit our jobs or
1:10:55leave or anything like that so I say like we started with the customers first we talked to
1:11:02none of none of which were our friends but we talked to our friends hey do you know someone
1:11:05who's a big yogurt eater in your life hey do you know someone Yeah Damen is a huge yogurt eater
1:11:10um like one of my friends fiances eats the 32 oz like tub of yogurt he pours
1:11:18a whole thing of blueberries into the yogurt and just eats that for breakfast
1:11:21every morning insane that's so much yogurt it's a lot of yogurt but we started talking to
1:11:28those people and we had a set list of 15 interview questions that we asked them and we ran through
1:11:34that and our goal was to do 15 interviews a day this was like about a year ago now each of us and
1:11:40then we really got to understand okay what's the white space does this have resonance or not then
1:11:45Alain had sort of like a MVP recipe that she made on a stove top kitchen not fully legal to sell but
1:11:51we sold and we saw okay would people buy this like are people actually buying this would our friends
1:11:56and family buy this that's the biggest thing is like don't just give product away like will
1:12:01people buy because you want to know is there a willingness to pay and that's like really actually
1:12:05product market fit and then we just sort of kept iterating and going on that but we had enough
1:12:11conviction through those conversations and also through like enough early purchases to understand
1:12:17that there are people here that would continue to buy um how do you deal with criticism and how
1:12:24do you decide when to take action on it versus kind of stay true to what you're doing because
1:12:30I think you have an aspect of like you're you're online you have a lot of people looking at what
1:12:36you're doing and have like a really easy ability to comment on that and give their own view but
1:12:41then you're also building a an edible product where people have very personal preferences so
1:12:48you can get feedback for both of those kind of like avenues and how do you decide like oh you
1:12:56know someone's not liking the taste of this yogurt you know do I do something about it or something
1:13:01someone's giving me feedback on this aspect on my kind of marketing or video style like do I
1:13:07take action on that or no that's just a personal preference you know it's also a space where both
1:13:11online and you know for food choices people have very very personal preferences like how do How
1:13:18do you decide when to listen to that well I think you just said it is like so many people have just
1:13:22very personalized and specific weird styles and habits and choices and I think that's why there
1:13:28are so many CPG brands like so many food brands so many consumer brands is because there's always
1:13:32more of the market to cut out for yourself because people will resonate with your product so I don't
1:13:39know that there's a direct formula for actually choosing what we listen to or what we don't but
1:13:45it's pretty clear when they're an outlier I would say and and I think that's the biggest thing is if
1:13:50you're getting you know a little bit of negative feedback but 80% is positive and that 80% is in
1:13:56line with our vision and where we're going we're not going to over rotate towards those 20% but you
1:14:02know we had a very real conversation with like moms the other day moms is a target audience we
1:14:07really want to go after that we haven't tapped into is this packaging and is this branding and
1:14:12is this vibe resonating with you all and we had some like good feedback that came from
1:14:17that that's a small percentage of our customer base right now but it's one we want to grow into
1:14:22and so that's one that we listened to because we actually want to go after that and that's sort of
1:14:26an aspirational part of the market that we want to go to so it has to be in line with where you
1:14:31want to take the company and then you have to sort of sift through the feedback layering on that all
1:14:36right Key final question before we dig into the yogurt and we sell you out of your first batch
1:14:41this is a pretty special moment by the way this is your first ever batch and we get the last 50
1:14:46containers here so uh last question what is the thing that you're most proud of to date
1:14:51this is so like smooshy but my relationship with my co-founder i am so proud that Alain and I have
1:14:59stayed such close best friends through all of this we have a 4 and a half drive 4 and a half
1:15:05hour drive to Ithaca on Wednesday and then back on Friday and I'm so excited for that drive cuz we
1:15:11just get to hang out talk to each other we get to weave in and out of sour milk and business topics
1:15:17back to our personal lives and everything that's going on and I was nervous that we wouldn't be
1:15:22able to maintain the level of intimacy and just closeness that we have with each other as best
1:15:28friends and we really have and we've strengthened it and we've been able to challenge each other in
1:15:32ways that I didn't know someone would challenge me in that type of way other than you know my partner
1:15:39and so that has been I think the most proud thing well it's clear that you're extremely passionate
1:15:47and you're going to be super successful like I can just feel it i think everyone
1:15:51here can feel it too so I I thank you so much follow you at CouchWoman yes
1:15:56is that the best place any other places you want people to go to come check you out
1:15:59couchwoman on Tik Tok and Instagram gets sourmilk on Tik Tok and Instagram
1:16:04as well um and then we also post a lot on LinkedIn you can add us on LinkedIn
1:16:09right and I'm Cassidy Warren you can follow me at Cassidy.warren on Instagram and
1:16:13uh as always I appreciate all of you i love all of you and this has been for your own good
1:16:19[Applause]