#155 - The Beverage Investors: Salle Jian, Alex Malamatinas, Brandon Yahn and Connor McKenna

The Startup CPG Podcast · 6 Aug 2024 · 55m · Episode 64

What this episode covers

Salle Jian of Diageo Ventures, Alex Malamatinas of Melitas Ventures, Brandon Yahn of Pernod Ricard’s Convivialité Ventures, and Connor McKenna of Pronghorn discuss investment trends in the non-alcoholic and low-alcohol beverage market. The panelists highlight the shift among Gen Z and millennials toward abstaining or drinking less, driving demand for functional drinks, gut health sodas, and premium mocktails. They share criteria for evaluating founders, emphasizing traction, healthy gross margins, authentic storytelling, and the importance of warm introductions over cold outreach. The episode concludes with rapid-fire pitches from founders of brands like Liquid Death, Kin Euphorics, and emerging startups seeking capital.

Mentioned

Companies
Diageo Ventures, Melitas Ventures, Convivialité Ventures, Pronghorn, Distill Ventures, Pernod Ricard
Products
Seedlip, Kin Euphorics, Liquid Death, Ritual Zero Proof, Olipop, Sanzo

Other shows on the same ground, closest first.

  • How I Built This · 45m

    Advice Line with Travis Boersma of Dutch Bros

    Dutch Bros co-founder Travis Boersma joins Guy Raz to advise three early-stage founders: Sean Chang of Mukja Korean Fried Chicken, who is struggling with delivery app margins; Trenton Yoder of Pine Ridge Coffee, deciding between DTC and wholesale; and Yasmin Santos of Altar Native Bar, seeking to scale her non-alcoholic elixir business. Boersma and Raz suggest Mukja pivot to corporate catering and unique street snacks, advise Pine Ridge to differentiate through storytelling and local university partnerships, and encourage Altar to consider ready-to-drink formats like cans or bottles to reach the mainstream. The episode highlights the importance of adapting business models, protecting margins, and educating consumers on new product categories.

  • How I Built This · 42m

    Advice Line with Steve Ells of Chipotle

    Guy Raz is joined by Steve Ells, founder of Chipotle, to answer calls from early-stage founders. Rebecca Smith of Streaky Bay Distillers seeks advice on differentiating her small-batch spirits in a crowded market, while Sri Holima of Mat Zero asks how to balance commercial growth with her humanitarian mission for her heated mats. John Rarek of Cantina Di Rosina discusses strategies for marketing organic wine to younger consumers despite declining alcohol consumption trends.

  • How I Built This · 37m

    Brewing creativity with Jim Koch of Boston Beer Company

    Jim Koch, founder of Boston Beer Company, discusses the company's innovation strategy, emphasizing the importance of looking for 'aberrations' in consumer behavior rather than just following market research. He details the long, non-linear journeys of products like Twisted Tea, Truly Hard Seltzer, and Angry Orchard Hard Cider, explaining how initial failures or misidentified target audiences eventually led to massive success through product refinement and patience. Koch also highlights the development of high-end non-alcoholic beer and the technical challenges of creating nitrogenated canned beers, while reflecting on the enduring nature of quality products versus fleeting trends.

  • How I Built This · 40m

    Advice Line with Eric Ryan of Method returns

    Eric Ryan, co-founder of Method and now a venture investor at Graycroft, joins Guy Raz to advise early-stage founders on branding, product differentiation, and fundraising. He discusses his new $15 million consumer fund and the current challenges of investing in CPG, noting that while starting is easier, scaling to $100M+ is harder. Ryan advises callers on building trust for an allergen-free fragrance brand, creating experiential marketing for customizable kids' flip-flops, and determining when to raise capital for a light-up jewelry startup.

  • People of Packaging · 31m

    259 - It's definitely NOT beer with Not Beer founder Dillon Dandurand

    Dillon Dandurand, founder of Not Beer, explains how he launched a zero-carb, zero-alcohol sparkling water in Dallas, Texas, leveraging his background at Brazi Bites and Jack Black. He details the operational challenge of sourcing a full truckload of 155,600 tall boy cans to meet minimum order quantities, opting for a turnkey manufacturer to simplify logistics. Dandurand discusses the brand's humorous packaging design, which mimics beer aesthetics, and his strategy of using sampling and influencer marketing to drive retail distribution in Texas before expanding nationally.

The summary, chapters and topics are generated from the episode’s audio by this directory, not written by The Startup CPG Podcast. The episode itself belongs to its publisher.