On this episode, we're joined by Eric Schnell, Founder of BeyondBrands - the 40-plus partner operating group that works as a fractional management team for early stage CPG brands. Eric co-founded Steaz in 2002 and has since co-founded or helped launch Good Catch, GoodSAM, Cool Beans, and Free Bird. Eric breaks down the Quintuple Bottom Line model the firm runs on and the one test every brand they co-found has to pass: can it sit in front of any buyer and credibly claim it will be a category captain? We get into the Good Catch story, from the seafood thesis they wrote with the Good Food Institute to extrusion R&D with help from friends at Beyond Meat, a Whole Foods launch, roughly $6 million in revenue, and a full exit inside three and a half years. Eric also walks through GoodSAM, where the team built direct trade relationships with regenerative organic farmers in Colombia and brought Thrive Market onto the cap table weeks before COVID shut down retail. We also spend time talking about why most brands die from running out of capital rather than product fit, what a believable five-year plan shows an investor, the 17 seconds a shopper spends scanning a cooler door, and how freight and geography quietly eat a P&L. --------------- Episode Highlights: 🫖 Selling $30 vitamins before selling $4 organic tea 🤝 The lawyer question that turned a favor into a firm 🌱 The Quintuple Bottom Line: passion, purpose, people, planet, prosperity 🐟 Why seafood, not meat, was the plant-based white space 🏆 The category captain test every new brand has to pass 🌎 Direct trade vs fair trade with farmers in Colombia 🛒 Putting Thrive Market on the cap table right before COVID 💸 Why most brands die in year one (it is capital, not product) ⏱️ The 17-second shelf window and the rainbow effect 📦 Why packaging gets fixed two or three times in year one 📈 56 equity positions and the ESOP model behind them 🧮 What a fundable five-year plan actually shows 🚚 Freight and geography, the black hole in the middle of the P&L --------------- Table of Contents: 00:00 – Intro 01:06 – From $30 vitamins to $4 organic tea 02:19 – Exiting Steaz and choosing the next chapter 03:32 – The lawyer question that created BeyondBrands 04:45 – Backing pre-revenue founders nobody else would touch 06:34 – The Quintuple Bottom Line business model 08:22 – How BeyondBrands decides what to co-found 09:11 – The plant-based seafood thesis behind Good Catch 10:23 – Building flaky plant-based tuna from legumes 11:35 – Whole Foods, $6M, and a fast exit 12:48 – The category captain test 14:49 – GoodSAM, regenerative organic, and direct trade 18:38 – Thrive Market on the cap table before COVID 20:53 – Why most early brands run out of capital 24:35 – The 17-second shelf window and the rainbow effect 26:53 – 56 equity positions and the ESOP model 30:55 – What a fundable five-year plan looks like 34:37 – Freight, geography, and the P&L black hole --------------- Links: BeyondBrands – https://beyondbrands.org/ Follow Eric on LinkedIn – https://www.linkedin.com/in/eric-schnell-b133a425/ BeyondBrands on LinkedIn – https://www.linkedin.com/company/beyondbrands/ Follow me on LinkedIn – https://www.linkedin.com/in/adam-martin-steinberg/ For help with CPG production design - packaging and label design, product renders, POS assets, retail media assets, quick-turn sales and marketing assets and all the other work that bogs down creative teams - check out https://www.kitprint.co/ Shout out to my friends over at Glimpse, the go-to partner for automating retail-related back-office operations and unlocking margin trapped in invalid fees and manual processes. Are you in the market for a new flexible packaging partner? Check out HD Packaging. Third-generation, family-owned and built for the needs of category leaders like Newman’s Own and A Dozen Cousins. Faster launches, lower costs, and no artwork fees. Looking to dominate the cognitive health space? Upgrade your formula with Cognizin. It’s the branded, clinically backed citicoline trusted by top innovators in supplements, foods, and beverages. Differentiate your brand today at Cognizin.com.