452: Growing a Sustainable Business (and Relationship) with Great Wrap Co-Founders Jordy and Julia Kay

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 24 March 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

How can you build a sustainability-driven business? By solving a global problem. Jordy and Julia Kay’s former careers in winemaking and architecture led to recognizing plastic waste’s impact on the planet. In 2019, the couple launched Great Wrap, working with Monash University to create the only compostable stretch wrap made from food waste. In 2022, they received $24 million in series A funding to help reach their 10-year vision of a world where plastic doesn’t exist. Listen to Nathan discuss with Jory and Julia about: Falling hard into a personal and business relationship Partnering with a university for commercial product research How licensing and partnering helped Great Wrap scale faster Building a pilot factory from scratch The benefits of being both a B2B and DTC business The risk and reward of being an impact-driven business Advice for going into business with a significant other How to raise funding as a manufacturing startup And much more impact-driven business advice… This episode is powered by 99designs by Vista, a global creative platform that makes it easy for you to work with professional freelance designers from around the world. Together with 99designs, we’re offering you a $30 discount on your first design contest. Head to 99designs.com/foundr to learn more or get started on your project today. Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs. Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now... For more Foundr content, follow us on your favorite platform: Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

Transcript

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0:00.0	This episode is proudly brought to you from 99 Designs by Vista, a global creative platform that makes it easy for you to work with professional freelance designers from around the world.
0:12.4	What you need is thirst.
0:14.1	You need to be a thirsty human who is intent I'm learning.
0:18.1	It's a really fascinating exploration of human potential.
0:21.9	Now.
0:24.5	The founder podcast.
0:27.0	Even the greatest entrepreneurs had help.
0:29.9	If you want to learn from the most successful founders on the planet,
0:33.4	you are in the right place.
0:35.6	Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia
0:40.3	Amoroso, Barbara Corcoran, Damon John.
0:42.7	Learn from the greatest minds in business today with interviews hosted by Nathan Chan.
0:47.2	This is not your average entrepreneur podcast.
0:51.4	The Founder Podcast.
0:57.6	Hey. The Founder Podcast. Hey Founder Fam, welcome back to another episode of the Founder Podcast.
1:03.2	Today, we're in the studio sitting down with wife and husband duo, Julia and Jordy Kay,
1:10.0	co-founders of Great Rap, which is the only compostable
1:13.6	stretch wrap made from food waste. And they're really reimagining today's materials to solve
1:20.0	tomorrow's problems with a 10-year vision of a world where plastic doesn't exist. We'll be going
1:26.6	deep on the importance of building a mission-led
1:30.4	company, how that landscape is being challenged by them, and how to build a sustainably focused
1:37.5	business, as well as the experience with product development and innovation, and how to go bold,
	...

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