Discover/The Consumer VC/Untold Truth Behind JUUL’s Explosive Gro...

There are VCs out there who are really, really, really good at treating, like, the stock is the product, and, like, playing the valuation game exceptionally well. Us personally, like, that's not in our ethos. We're much more on the belief system of, like, if you build the right fundamentals, everything else comes with it.

Alex Cantwell on The Consumer VC · Untold Truth Behind JUUL’s Explosive Growth ft. Alex...

“VCs out there who are really, really, really good at treating, like, the stock is the product, and, like, playing the valuation game exceptionally well.”

24:54 / 25:17

VCs out there who are really, really, really good at treating, like, the stock is the product, and, like, playing the valuation game exceptionally well. And I think for some founders, like, that's a great way to go. Us personally, like, that's not in our ethos. It's not in our it's not our DNA. We're much more on the belief system of, like, if you build the right fundamentals, everything else comes with it.

Why this clip

Takes a clear contrarian stance against valuation-focused VCs, positioning fundamentals over financial engineering. The repetitive 'really, really, really' emphasis and direct comparison makes it quotable.

24:54 - 25:1724sBold/Contrarian

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The Consumer VC · Alex Cantwell

Practical Framework

Who are your early adopters? Go find your early adopters. It turns out that going into ten, twenty thousand gas stations and immediately trying to get the hardcore pack of a Marlboro smoker, that's really hard. What are you doing to convince them to shell out $50 for your unheard of Apple like device that they've never heard of before?

Combines a simple framework (find early adopters) with a specific, contrarian insight about why mass retail is actually harder than niche markets. The Marlboro smoker example makes it visceral and quotable.

4:49 - 5:1324s

The Consumer VC · Alex Cantwell

Bold/Contrarian

I think there's almost like a fallacy of, you know, I get immediate scalability through a relationship, through a chain account, but that's a really dangerous place to live in because you really do need to be resourcing it almost to the same degree that you would be anyways if you're going independent.

Directly challenges the conventional wisdom that chain accounts = easy scale. Uses strong language ('fallacy', 'dangerous') and provides contrarian insight that big retail partnerships require just as much work as independent distribution.

9:45 - 10:2237s

The Consumer VC · Alex Cantwell

Consequences

If you had, a render of a cool looking product, you were getting $2,000,000 to go launch it. Then there was, like, the twenty twenty two, twenty twenty three clap down where you were like, hey, we're doing $5,000,000 in sales. We're profitable. We're growing like crazy, and and VC investors were like, sorry.

Captures the absurdity of venture market timing with specific dollar amounts and a perfect contrast between funding a render vs rejecting profitable companies. The 'sorry' punchline makes it quotable.

40:49 - 41:0516s

The Consumer VC · Alex Cantwell

Practical Framework

There's a difference between, like, missing a revenue plan that's fundamentally altering the trajectory of the business and clearing stage gates or roadblocks that are getting you to that exponential growth curve. Like, those are two pretty different things.

Provides a nuanced framework for evaluating startup performance misses. The distinction between trajectory-altering vs stage-gate misses is immediately useful for founders and investors.

23:19 - 23:5637s

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Why this clip

More from this episode

There's a difference between, like, missing a revenue plan that's fundamentally altering the trajectory of the business and clearing stage gates or roadblocks that are getting you to that exponential growth curve. Like, those are two pretty different things.

From the blog