6: $300million in Acquisitions Without a Product w/ Chemistry Holdings & Made By Science’s Josh Held
Build With Rob
Rob Dyrdek
5.0 • 636 Ratings
🗓️ 20 May 2021
⏱️ 49 minutes
🧾️ Download transcript
Summary
It all began at a party where Rob’s father-in-law cut a rug like he never had before. The reason: chewable vodka he’d been given by the host. Fascinated, Rob invested in Josh and two companies anchored by the same microencapsulation IP. They attacked multiple product verticals, but before the amazing brands they created could launch, both companies were acquired for nearly $300million. With game changing IP, sometimes making a product isn’t always the best move.
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 success. |
| 0:40.3 | Each guest on this show is one of my do-or-dire partners and co-founders. |
| 0:45.3 | This show is an inside look at all the companies that we've created and the lessons we have learned along the journey. |
| 0:52.0 | Today we've got Josh Held, co-founder in not one, not two, but three companies which |
| 0:59.6 | I am a partner of. |
| 1:01.5 | Chemistry Holdings developed a molecule encapsulation technology and created made by science |
| 1:07.3 | to apply this technology to the cannabis space. |
| 1:10.6 | Both companies have unbelievably, |
| 1:13.6 | inexplicably, astonishingly exited before ever taking a product to market. Chemistry |
| 1:20.6 | Holdings merged with publicly traded cure pharmaceuticals and made by science was acquired by |
| 1:26.6 | Acreage Holdings, one of the largest cannabis companies in the world. |
| 1:30.6 | It all started with a simple idea of chewable alcohol. |
| 1:35.0 | This evolved into a microencapsulation technology that had so many applications to disrupt so many different industries. |
| 1:44.2 | This is about the value of IP, intellectual property, and how the most successful move for a |
| 1:51.3 | company might just be not to make a product at all. |
| 1:55.4 | Josh Held, welcome to the program. |
| 1:58.2 | Thanks for having me, brother. |
| 1:59.0 | No, no, thank you for being here. |
| 2:01.1 | I think people are about to listen to an extraordinary story of a very, very special type of entrepreneur, okay, a one-of-one type of entrepreneur. |
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