4.6 • 12 Ratings
🗓️ 13 December 2024
⏱️ 5 minutes
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Peter Rahal’s new David bar was designed for the Ozempic generation. A portrait of a hungry entrepreneur.
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0:00.0 | Here's your Forbes Daily Briefing for Friday, December 13th. |
0:05.0 | Today on Forbes, this Protein Bar co-founder sold his company for $600 million. |
0:12.0 | Now he wants another bite of the market. |
0:16.0 | Sitting at a table at Balthazar in downtown Manhattan, |
0:19.0 | Peter Rayall spears a piece of smoked salmon on his plate |
0:22.2 | and ignores the nearby toast. The 38-year-old co-founder of Nutrition Bar brand RX Bar |
0:28.4 | thinks about protein constantly, and not just for his own health. Rayall has been dreaming of creating |
0:35.0 | a new bar since the day he and his co-founder, Jared Smith, |
0:39.1 | sold RX Bar to Kellogg's for $600 million in 2017. |
0:44.6 | Rayall made that dream a reality in September when he launched David, |
0:49.0 | or so he calls it, quote, the final protein bar. |
0:53.2 | Having made a pre-tax $300 million from his 50% share of the |
0:57.9 | RX bar sale, Rayall led David's $10 million seed round this year with an investment of $6 million. |
1:05.6 | Named after Michelangelo's 16th century masterpiece, David claims to be the most protein-dense bar in existence |
1:12.6 | and is backed by high-profile physicians and health podcasters Peter Attea, who is also a |
1:18.6 | minority investor, and Andrew Huberman. With 28 grams of protein and just 150 calories, the compact |
1:26.8 | snack currently comes in four flavors and sells |
1:29.7 | exclusively direct-to-consumer for $3.25 per bar. Rayall says, quote, I've been in the nutrition |
1:37.2 | bar space for 20 years through all the changes, from Atkins to keto to paleo to fasting, to |
1:43.6 | carnivoreore to whatever. |
1:45.3 | But there are two consistent things that have driven the category. |
1:48.4 | The desire for muscle gain and fat loss. |
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