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The Foundr Podcast with Nathan Chan

103: Growing a Unicorn Company 57,000% in three years with Tom Bilyeu of Quest Nutrition

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 3 August 2016

⏱️ 41 minutes

🧾️ Download transcript

Summary

The term "unicorn company" describes a startup valued at over $1 billion that managed to get there in a relatively short period of time. Usually when we talk about unicorn companies, we're dealing with Silicon Valley and the cutting edge of the tech scene. Companies that are disruptive in the sense that they've created something totally new. Rarely, however, do we find a unicorn company that started out in an overcrowded and declining market. Yet somehow, despite the odds, Tom Bilyeu, co-founder of Quest Nutrition, turned a fledgling startup into a powerhouse in just six years. When Quest Nutrition first hit the scene with their protein bars, they were told by almost every expert in the space that it was insane and that it was guaranteed to fail. Yet Bilyeu and his co-founders persevered and tackled the problem in a way that no one else had thought of before. First they focused on their customers, to empower them and actually help them make healthy and positive changes in their lives. In short, they treated their customers differently than their competitors. The result was explosive, growing by 57,000% in their first three years and cracking the $1 billion mark three years later. We were lucky to sit down with Bilyeu and have him give us the breakdown and strategy behind Quest Nutrition and how they became the unicorn company they are today. In this interview you will learn: The challenges of managing a hyper-growth company and how to overcome them How to navigate the classic entrepreneurial debate of profit vs. growth Why you need to evangelize to your customer whenever you can How to build brand loyalty and have your audience believe in your vision How to crack the notoriously difficult and crowded health and nutrition market & much more!

Transcript

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0:00.0

This is episode number 103 with Tom Bill You of the Founder Podcast.

0:07.1

What you need is thirst.

0:08.8

You need to be a thirsty human who is intent on learning.

0:12.9

It's a really fascinating exploration of human potential.

0:18.6

The Founder Podcast.

0:21.7

Even the greatest entrepreneurs had help.

0:24.6

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.3

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia Amoroso, Barbara Corcoran, Damon John.

0:37.3

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:41.9

This is not your average entrepreneur podcast.

0:45.5

The Founder Podcast.

0:52.6

Hey guys, thank you so much for tuning in. Before we start today's episode, I just wanted to let

0:58.8

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.4

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.6

you name it. We put out so much content to help you.

1:13.7

And another interesting project that we're working on right now is partnering with world-class

1:18.5

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.5

skills like negotiation, finance, e-commerce, and so much more.

1:30.8

So if you'd like to get access to these free trainings with founders like this, which is

1:36.2

100% free, just go to founder.com forward slash free.

1:41.0

Okay, so now let's talk about today's episode.

1:43.9

Hey guys, welcome to another episode of the founder podcast. free. Okay, so now let's talk about today's episode.

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