#1272 Dan Reese On Building A Million Dollar Milkshake Brand

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 13 November 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dan Reese is the President of Milkshake Factory. In this conversation, we talk about his time working at Heinz & Kraft, his interactions with 3G Capital and their ruthless prioritization of cost cutting, scaling of Milkshake Factory, economics of the business, and why they may become one of the next great premium brands in food & beverage.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp
0:07.7	podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,
0:21.1	and tell your friends and family about the podcast. My goal is to help millions learn from the
0:26.5	world's most interesting people. So let's get in to today's episode. Dan Reese is the president
0:32.3	of milkshake factory. In this conversation, we talk about his time working at Heinz and
0:37.0	craft, his interactions with 3G capital, and their ruthless prioritization of cost cutting.
0:42.5	Then we talk about why he went and joined a small chocolate family to go and scale milkshake factory.
0:48.5	They have 10 stores today, but now they're franchising across the country, and we get into the dirty details of all the
0:54.2	finances, the economics of the business, and why exactly they may become one of the next great
0:59.6	premium brands in food and beverage. I really enjoyed talking to Dan and I learned a ton in
1:03.9	this conversation. If you love business, if you love entrepreneurship, then you're going to
1:08.6	love Dan Reese. Here is my conversation with the president
1:12.2	of Milkshake Factory. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his
1:19.3	podcast are solely their opinions and do not reflect the opinions of Pomp investments. You should
1:24.1	not treat any opinion expressed by Pomp or his guest as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion.
1:34.8	This podcast is for informational purposes only.
1:38.3	This episode is brought to you by cal.com.
1:41.2	What do I have in common with Chad Hurley from YouTube, Toby from Shopify,
1:45.5	and Alexis from 776, and the co-founder of Reddit? We all use Cal.com instead of CalMley,
1:52.1	and we are all early investors as well. Cal.com is leading the charge of scheduling platforms
1:57.3	and the open source sphere, offering you the chance to harness the efficiency
2:01.3	previously reserved for elite corporations and tech gurus. If you like to have your calendar
	...

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