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Forbes Topline

This Is How One College Dropout Built A Multi-Million Dollar 'Healthy Soda' Business

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 7 December 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Ben Goodwin and David Lester created OLIPOP as a healthier way to indulge in our favorite soda flavors. Made from wholesome ingredients that include digestive support; it is now a top selling beverage brand. Both founders credit finding the best people that align with their organic business values and building a culture that empowers trust. Ben Goodwin, cofounder and CEO of OLIPOP, joins Brittany Lewis on "Forbes Talks" to discuss how he turned a $100,000 investment in 2018 into a projected more than $200 million in annual sales in 2023. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everybody I'm

0:04.0

I'm Brittany Lewis a reporter here at Forbes joining me now is Ben Goodwin co-founder and CEO of Olypop

0:10.0

Ben thank you so much for joining me

0:12.0

Brittany thanks for having me.

0:15.0

I'm very excited to talk about the Olypop journey,

0:19.0

but before we get started, let's start at the beginning.

0:22.0

What is OlyPOP?

0:24.5

So OlyPOP is being called a functional soda.

0:28.3

We actually are the progenitors of the category

0:31.0

and the leaders of the category.

0:32.4

OlyPOP is a new kind of soda. of the

0:32.6

only pop is a new kind of soda.

0:35.0

Instead of the 40 grams of sugar you used to in like a Coca-Cola, it has 2 to 5 per can and it has nine grams of functional fiber. So it's effectively a healthy

0:46.8

soda but it replaces the soda we all grew up drinking in love.

0:51.5

So did you always know you wanted to get into the healthy food space? What brought you here?

0:58.0

Yeah, I mean it's interesting. So I actually grew up in Northern California. We didn't grow up with a lot of money, and I grew up eating a standard American diet.

1:08.0

And I wouldn't say that worked out super well for me, and so I kind of, as as a teenager went on my own health journey I lost a bunch of weight I got more energy that was all fantastic but what really impacted me was how eating healthy

1:22.4

seemed to benefit kind of my cognitive clarity, my emotional clarity.

1:26.6

And that ended up becoming something I wanted to share with the broader United States.

1:31.0

I mean, we, unfortunately, according according to the CDC live in a country

1:34.5

where 40% of people have type 2 diabetes or pre-diabetes and a lot of that's

1:40.0

driven by our food supply and so I as an adult had the mission of how do I take

...

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