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Noah Gray (Onda) - How he's Scaling Shay Mitchell's Tequila Seltzer Brand

Noah Gray (Onda) - How he's Scaling Shay Mitchell's Tequila Seltzer Brand

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands


Noah Gray (Onda) - How he's Scaling Shay Mitchell's Tequila Seltzer Brand

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands

ratings:
Length:
38 minutes
Released:
Sep 27, 2022
Format:
Podcast episode

Description

Our guest today is Noah Gray, co-founder CEO of Onda. Onda is a sparkling tequila brand famously co-founded by Shay Mitchell. We discuss how Onda came to be, how Shay became involved, the intersection of celebrity and consumer, his fundraising and retail strategy. Without further ado, here’s Noah.
I ask him:
How did you end up in the beverage space? What attracted you to build an RTD tequila brand?
Was the plan to always offer a product with zero sugar/carbs? Was it your consumer asking or was the market already going that way and you felt it necessary to offer a SKU that offered zero sugar/carb
Drinking to enhance
What was the insight that led you to founding Onda? What was missing from the market? How did Shay Mitchell become involved?
Many celebrities and athletes are wanting to be associated with a consumer product, ranging from beverage to cosmetics. What has Shay done for the brand aside from her social media responsibilities?
What’s your advice for founders who might partner with talent?
How did you think about distribution?
When did you think Onda started to resonate with consumers?
What was your approach to raising capital?
Of course, the category continues to grow and with low barriers to entry, there are a lot of players. Seems like Onda has raised considerably more capital than many of the other brands. How is that money being put to use? Are you simply buying distribution/customers or how does that convert to velocity?
What was the most non-obvious thing you’ve learned since founding Onda?
Vice clauses
Better-for-you
What do you think about the competitive landscape? How do you think about competition?
What’s one book that has inspired you personally and one book that has inspired you professionally?Professionally: Mission in a Bottle - Seth and Barry
Personally: Paul Anderson - Liquorice pizza

What’s one piece of advice for entrepreneurs?
Released:
Sep 27, 2022
Format:
Podcast episode

Titles in the series (100)

The Consumer VC takes a look into early-stage consumer investing and venture capital. If you are interested in learning about consumer trends, have a b2c business and interested in learning about the fundraising process at the early stage, you have come to the right place.Mike interviews some of the top venture capitalists in the world that focus on B2C and consumer type companies or have a deep track record investing in these categories such as marketplaces, SaaS, social, CPG and non-tech subscription.Mike also interviews founders that are building some of the most disruptive consumer facing companies in the world. The conversation usually includes the insight the founder discovered, fundraising strategy, and the pitch.This podcast also includes bonus episodes. Each bonus episode dives into a particular subject that might not have to due with the fundraise or venture capital, but still would be helpful to founders. For example, a bonus episode on brand strategy or how to construct a board of directors. All bonus episodes will be clearly labeled.For all episodes, please visit www.theconsumervc.com. For updates, you can follow @mikegelb on Twitter.