
Advice Line with Bill Creelman of Spindrift
- 59m
- Transcript
Summary
Written by a model from the transcript; not yet reviewed.
Spindrift founder Bill Creelman returns to How I Built This to take calls on the Advice Line, advising three very different businesses: Donna's Pickle Beer (pickle brine mixed with light lager), Kona Brand (flannel shirts with tropical aloha patterns), and Soma Kombucha (a Portland kombucha brand with four revenue channels). He also discusses Spindrift's recent sale of a majority stake to Griffin at a reported $650–700 million valuation.
Creelman's central argument is that the hard, unglamorous work you do early — sourcing real ingredients, building a supply chain, refusing shortcuts — becomes your defensible moat later. He explains why he dropped Spindrift's sugary version, which was outperforming the sparkling water and represented about half his revenue. For the pickle beer founder, he advises locking up distributors and pursuing exclusivity before copycats arrive. For the kombucha founder, he applies what he calls "simplify to amplify": distill the business to its most profitable core before rebuilding.
The episode is useful for founders facing the tension between doing what's right for the product and what's easy for the business. Creelman's 30-year arc from selling smoked fish off a Nantucket boat to building a $700 million brand gives his advice weight, and his closing reflection — that he would tell his past self not to try to solve all ten problems equally — is a reminder that focus, not effort, is what compounds.
- What is hard for you right now — sourcing real ingredients, building a supply chain — will become your defensible point of difference when copycats arrive, so don't take shortcuts. 19:13
- Build your company and distribution around a single SKU first, like Corona, so that when you add the next product, distributors already have a reason to carry it. 20:41
- Apply the "simplify to amplify" principle: distill your business to the one or two profitable channels, quiet the noise, and then rebuild from a stable base. 49:44
- Document your brand voice, tone, and what works in a living "brand Bible" so that when you do hire, new people can reference it immediately. 38:29
- Hold two questions in mind simultaneously — what do I love, and what will be a good business — because passion alone can cloud your strategic decisions. 55:43
Highlights
- 9:49
Dropping the Better-Selling Productinsight
Bill explains he dropped Spindrift's sugary version, which was outperforming the sparkling water and represented about half his revenue, because he believed the sparkling water would eventually be recognized as just as delicious.
- 12:51
Pickle Beer Born on a Mail Routestory
Josh Jankowicz describes how the idea for Donna's Pickle Beer popped into his head while working as a mailman in West Hollywood during the pandemic, after sitting in a pool in Palm Springs eating pickles and drinking beer.
- 19:13
Hard Work Becomes Your Moatstrategy
Bill tells the pickle beer founder that the difficulty of sourcing and making fresh brine with real ingredients will become his defensible point of difference when copycats inevitably enter the category.
- 20:41
Build the Company on One SKUstrategy
Bill advises building distribution and a business base with a single product first, citing Corona as an example, so that when the next SKU arrives, distributors already have a reason to carry it.
- 49:44
Simplify to Amplifystrategy
Bill tells the kombucha founder to distill his four revenue channels down to the one or two that are profitable, quiet the noise, and then rebuild from a stable base.
- 51:10
Reframe Kombucha as Probioticsinsight
Guy Raz suggests Jean Pierre think of his business not as kombucha but as a probiotics or gut-microbiome business, noting that wild-fermented products are gaining traction in a growing market.
- 55:43
Passion Can Cloud Decisionsinsight
Bill reflects that love for food and the craft can make it hard to separate what you enjoy from what makes a good business, and that you need to hold both questions in mind simultaneously.
- 56:28
Don't Solve All Ten Problemsinsight
Looking back over 30 years, Bill says he would tell his past self not to try to solve all ten problems equally, because usually one or two are holding the business back.
About this episode
Bill Creelman, CEO and founder of Spindrift, joins Guy on the Advice Line to answer questions from three early-stage entrepreneurs. Plus, Bill and Guy talk about the importance of solving one problem at a time. First, we hear from Josh in West Hollywood, California - a pickle beer maker - who's wondering whether to drop his home-made brine to save money by using a manufactured flavor instead. Then Zac in Marshfield, Massachusetts, is trying to figure out how to get marketing help for his Hawaiian themed Flannel shirt company. And Jean Pierre in Portland is wondering about the best way to get his Kombucha business back on track. Thank you to the founders of Donna’s Pickle Beer, Kona Brand and Soma Kombucha. If you’d like to be featured on a future Advice Line episode, leave us a one-minute message that tells us about your business and a specific question you’d like answered. Send a voice memo to [email protected] or call 1-800-433-1298. And be sure to listen to Spindrift’s Founding Story https://wondery.com/shows/how-i-built-this/episode/10386-spindrift-bill-creelman/?queryID=a546cbe0fa8121a27c2a06048ac78899 as told by Bill on the show in 2020. This episode was produced by Kerry Thompson with music by Ramtin Arablouei. It was edited by Andrea Bruce. Our audio engineer was Kwesi Lee. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
10,482 words · 8 speakers
Topics
- Beverage Branding
- Product Strategy
- Founder Advice
- Brand Differentiation
- Scaling
- Private Equity
- Supply Chain
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