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#870April 24, 202665:45

This guy built a $1B+ brand in 3 years. The product? You'd never…

About This Episode

Sam and Shaan interview Chad Lewis, the founder of Gruns, who built a comprehensive nutrition gummy brand and reached a billion-dollar exit in just 32 months. They discuss the strategic importance of 'new formats' in product differentiation, the specific LTV to CAC metrics required to scale to $100 million in revenue, and Chad's philosophy of using earned access to navigate elite business circles.

Episode Description

Get Shaan's guide to go from $0 to $1M: https://clickhubspot.com/etpc Episode 817: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Chad Janis ( https://x.com/chadjanis ) who just sold his gummies business for $1b+ in less than 3 years.

Show Notes

  • 0:00Intro
  • 1:28origin story
  • 8:11$30K to $230K in 1 month
  • 10:33Naming Gruns
  • 13:14remixing formats
  • 20:28only looking for $10b ideas
  • 29:2510-minute ecom Marketing Masterclass
  • 41:26$1b Idea: ACH distribution layer
  • 48:17Access is everything
  • 57:16Where Chad is going to spend his money

Check Out Shaan's Stuff

  • Shaan's weekly email
  • Visit
  • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
  • Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
  • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
  • beehiiv.com/mfm-challenge

Key Takeaways

1

Prioritize 'New Formats' over 'Better Versions': To maximize success in a crowded market, change the delivery mechanism (e.g., vitamins as gummies or sheets as bamboo) rather than just improving an existing product type.

2

Target a 3x Fully Burdened LTV to CAC Ratio: Calculate lifetime value based on 36 months of fully loaded gross profit (deducting COGS, shipping, and merchant fees) to ensure a scalable and acquirable marketing engine.

3

Adopt a 'Companion Strategy' for Trends: Instead of competing with massive market shifts like Ozempic/GLP-1s, position your product as a 'best friend' or essential companion to those trends to ride their momentum.

Business Ideas Mentioned

Programmable Direct Deposit Distribution Layer

SaaS

View all ideas

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Quick Stats

Duration65:45
Guests1
Ideas Discussed1
Topics5