Martin Holden-White, the founder of Grubby, (one of the highest-rated recipe kits in the UK) is on a mission to make plant-based cooking more accessible across the world.
In today’s episode, we discuss how he built his company from the ground up.
EPISODE HIGHLIGHTS
- [00:30] Martin's personal background & journey
- [02:30] The inception & launch of Grubby (Before COVID hit)
- [04:20] The relaunch of Grubby
- [05:56] Competing with big players in the D2C space
- [07:39] Weaving sustainability into your business operations
- [09:30] Giving investors an idea to buy into
- [11:56] Getting the right investors for your startup
- [13:02] How to use angel fundraising & investment crowdfunding effectively
- [15:00] How to keep crowdfunding investors involved as advocates for your business
- [16:07] Grubby: From initial growth to profitability
- [18:39] Identifying your initial customer segment & scaling further as an early-stage founder
- [21:43] Marketing & Positioning: Messaging for different customer segments
- [22:40] The biggest challenge Martin faced as a founder
- [25:00] Importance of having a support system as an early-stage founder
- [26:25] Martin's advice on how to structure your life as a founder
- [30:35] Martin's advice for startups looking to become a B Corp
- [33:10 ] Grubby's 10-year vision
KEY LESSONS & QUOTES
- “Relentlessly seek feedback” [3:08]
- “Look for investors that you really get along with. They don’t just care about the money - it’s more about how they can help and be a mentor to you” [3:42]
- “Sustainability isn’t the cheapest thing to do, but customers hold value in it - that’s why they buy into our product & mission” [7:55]
- “The early stages as a founder is just about getting as much traction as you can ” [10:21]
- “In that early stage, when there’s very little traction & revenue, angels invest in you as an individual - a lot of it comes down to personality fit.” [11:19]
- “Bootstrapping 101 - Be unbelievably conscious about what you’re getting out of every pound you're spending.” [12:32]
- “The whole thing with crowdfunding is that the crowd follows. So if you have some angel investors already involved already it’ll be easier for them to believe in your products” [14:25]
- "Word of mouth is the cheapest way to grow your business. Obvious, but overlooked" [15:47]
- “Have really clear pillars - spend time creating that on-page document with all the priorities you had at the start of the year. Look at it every so often to reorient yourself accordingly.” [27:40]”
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