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The Startup CPG Podcast

#75 Behind the Scenes of Equity Crowdfunding with tbh (+ Popadelics)

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9642 Ratings

🗓️ 10 January 2023

⏱️ 64 minutes

🧾️ Download transcript

Summary

A few weeks back, we talked about Angel Investing 101 on the show, and equity crowdfunding got a brief shoutout. I was super curious on the topic and thought who better to talk about equity crowdfunding than someone in the process right now! Today we’re joined by Elena Guberman, co-CEO of tbh, a brand focused on reimagining nostalgic snacks. Their first product is a better for you, better for the planet, plant-based version of Nutella - with no palm oil, 50% less sugar, and 3x the protein! tbh was co-founded by someone you may know - Stranger Things actor and entrepreneur, Noah Schnapp. Listen in as Elena shares about: - The details on their current equity crowdfunding raise on Republic (that as of our recording date has blown past it’s $25,000 goal with over $450,000 raised from over 550 investors) - Why they chose equity crowdfunding - What it’s like getting set up on an equity crowdfunding platform as far as the due diligence process and Elena’s launch prep tips - How they are using the campaign to educate Gen Z consumers about investing and why keeping the minimum investment at $50 was important (as a side note, Elena will mention that over 70% of campaign investors invested less than $250 - so cool!) - The story behind their Nosh award-winning collaboration with Chubby Snacks and why collaborations are part of the thh strategy - What’s it like to have a celebrity co-founder - And more! And, stay tuned at the end for a bonus segment - today featuring Startup CPG Shelfie Award winner, Popadelics - Elena and I will share our reviews mid-episode (25:53)and then at the end of the episode (41:55), you can catch a mini-interview with Popadelics’ founder, Marilyn, to learn more!

Transcript

Click on a timestamp to play from that location

0:00.0

There is a lot of financial documentation that we had to turn over to them so that they had

0:09.0

confidence in putting us on their platform. They don't want to put up companies that are not

0:13.3

financially sound. So we had to turn over P&Ls, balance sheets, income statements, everything.

0:19.9

Welcome to the Startup CPG podcast.

0:22.2

I'm your host, Jesse Freytag.

0:24.3

A few weeks back, we talked about Angel Investing 101 on the show, and equity crowdfunding

0:29.1

got a brief shout out.

0:30.8

I was super curious on the topic and thought who better to talk about equity crowdfunding

0:35.0

than someone in the process right now.

0:38.2

Today we're joined by Elena Gooberman, co-CEO of TBH, a brand focused on reimagining nostalgic

0:45.1

snacks. Their first product is a better for you, better for the planet, plant-based version of

0:50.6

Nutella, with no palm oil, 50% less sugar, and three times the protein.

0:56.0

TBH was co-founded by someone you may know, Stranger Things actor and entrepreneur, Noah's

1:01.3

Schnapp. Listen in as Elena shares about the details of their current equity crowdfunding

1:06.5

raise on Republic that as of our recording date has blown past its $25,000 goal with over $450,000

1:14.4

raised from over 550 investors. Why they chose equity crowdfunding? What it's like getting set up

1:21.7

on an equity crowdfunding platform as far as the due diligence process and Elena's launch prep tips, how they're using the campaign

1:29.5

to educate Gen Z consumers about investing and why keeping the minimum investment at $50 was

1:35.5

important. As a side note, Elena will mention in the show that over 70% of campaign investors

1:41.1

invested less than $250. So cool.

1:44.6

The story behind their NOSH award-winning collaboration with Chubby Snacks

1:48.5

and why collaborations are part of the TBH strategy,

...

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