The $500,000,000 meat stick company

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 31 July 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

People have been loving my latest emails where I share brutally honest advice on a variety of topics. Sign up at noahkagan.com and join 350k other people who get juicy insights every week.

In this episode, I chat with Pete Maldonado, co-founder of Chomps, about how they built a half-billion-dollar meat stick empire, ultimately becoming the number three meat snack brand in the U.S.

Despite facing significant setbacks, including personal bankruptcy and multiple failed businesses, Pete has propelled Chomps to meteoric success, securing shelf space in major chain stores like Trader Joe's and Costco.

Today, he shares how he leverages customer feedback, overcomes packaging challenges, and maintains a passionate, high-performing team culture.

In this episode, you’ll enjoy 3 BIG things:

The importance of focusing on one thing and doing it exceptionally well.
The critical role of strategic partnerships and the creative solutions used to navigate supply chain challenges.
How Chomps stays ahead in the competitive meat snack market.

All these plus a bunch more ear nuggets along the way.

Go buy Chomps at all your favorite retailers and also check out @petemaldonado on Instagram and on X

If you enjoyed this episode and want to hear more about half-billion-dollar success stories, be sure to check out our Anonymous $500 Million Man episode – that's episode 357 in this feed.

Transcript

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0:00.0	What's up you sexy bastards? It's your boy Pedro the King of Meatsticks aka Pete Maldonado from Champs.
0:08.4	What is up you sexy bastards? It's your boy milkshake
0:14.0	aka rabbi can't lose aka no Kagan.
0:17.0	Today I am chatting with Pete Maldonado.
0:20.0	Now this is a guy that I've been texting for a few years. He was the first person to buy a million dollar weekend and we've since become good friends.
0:28.0	Pete is also the co-founder of Chomp's Meatsk. You've probably seen him at Trader Joe's, Whole Foods, Costco,
0:36.6	and shockingly, this company is on track to do half a billion dollars this year in sales. That's amazing. And they're only the number
0:45.1	three meat brand in America. Now Pete's story I didn't really know a lot of it and I
0:49.4	was amazed and I'm so excited for you to be able to hear about this today.
0:52.8	He had personal bankruptcy, failed multiple businesses,
0:56.2	and then this meteoric rise to success that I think a lot of you
0:59.4	are going to be able to learn and replicate in your own business journeys.
1:03.4	Today he's going to share about how he leverages customer feedback,
1:06.2	overcoming a lot of challenges,
1:08.4	maintaining a fun team culture,
1:10.8	and having a fun time winning.
1:13.0	Now in this episode you learn three gigantic things.
1:15.0	Number one, how do you do one thing and do it really well?
1:18.0	You'll be surprised how many actual products Chomps Meetsick's house.
1:22.0	Number two, how do you actually get these partnerships and... products Chomp's Meatstick's House.
1:22.6	Number two, how do you actually get these partnerships
1:24.9	at some of these crazy large places like Trader Joe's?
	...

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