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Build With Rob

4: How We Learned to Pre-Pivot w/ Outstanding Foods’ Bill Glaser

Build With Rob

Rob Dyrdek

Entrepreneurship, Business

5.0636 Ratings

🗓️ 6 May 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

Bill had all the experience in the world, but none of it was in food. When he partnered with a top vegan chef to create the pigless bacon chip and create a new snack category, he ran into massive co-packer issues . With product already in stores, he had to pull off an unprecedented 11th hour pivot to save the company. He did, in record time, and the experience drove Rob to add the “pre-pivot” to the Machine Method.

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Transcript

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0:00.0

Welcome to Build with Rob. I am Rob Deirdick CEO and founder of the Deirdick Machine, a one-of-a-kind venture creation studio.

0:11.3

We are a company that creates companies by systematically fusing art, science, and magic through a process we call the machine method.

0:24.5

The art is the creative vision and the constant shaping and refinement of an idea. The science is the proven methods and time-tested fundamentals

0:31.5

of business. The magic is the intangible, universal luck that provides an unexplainable push towards

0:39.1

success. Each guest on this show is one of my do-or-dire partners and co-founders. This show is an

0:46.2

inside look at all the companies that we've created and the lessons we have learned along the

0:51.7

journey. Today we're catching up with Bill Glazer, the CEO of Outstanding Foods.

0:57.4

Outstanding Foods is an incredible plant-based snack food company that recently closed a $10 million

1:02.6

round, valued at $100 million. Bill's experience makes him the ultimate do-or-dire founder and CEO, but it was his unbelievable pivot from the pigless bacon chip to the pigless pork rind after he ran into major co-packing issues that altered the future of the company in the best way possible.

1:25.0

Seeing how vital it was to have a backup product strategy changed the way

1:29.5

that I build companies forever. This experience led to a new aspect of the machine method that I

1:35.6

called a pre-pivot strategy, which is deciding before you launch where you'll pivot your product

1:42.0

line in case your hero product doesn't work.

1:45.8

Billy G, welcome to Build with Rob.

1:48.7

How you doing?

1:49.7

I'm doing outstanding.

1:51.8

Ah, man, as you always are with the puns, man.

1:54.4

I forgot that even in the emails, whenever I get an email, and it's an introduction,

1:59.4

it's like, let's have an outstanding meeting.

2:01.0

Let's have an outstanding day.

2:02.7

Two outstanding characters coming together.

2:05.5

Look, let me describe you to the world.

...

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