My First Million

This guy built a $1B+ brand in 3 years. The product? You'd never guess

· Summarized

Share this episode
Anyone with this link can open it.
Share Link
Start at 0:00

Key takeaways

  • Creating new product formats is a key to capturing billion-dollar markets—e.g., gummies, pouches, or liquids—rather than just improving existing products.
  • Focusing on a good, differentiated product in an unexploited niche dramatically increases chances of success.
  • High LTV to CAC ratio (over 3x) is critical for making a business scalable and profitable.
  • Aggressive testing of ads and landing pages, coupled with high-quality creative execution, drives rapid growth.
  • Assembling a decision-making, empowered team is vital for scaling swiftly and building a sustainable company.
  • Innovation in product format and category can lead to significant market differentiation and success.
  • Providing access and opportunities to others, and earning that access through good work, builds long-term value and legacy.
  • Thinking big and aiming for billion-dollar outcomes encourages entrepreneurs to seek disruptive ideas and formats.

Summary

The Impossible to Predict $10 Billion Opportunity

Shaan and Chad discuss how entrepreneurs should aim to identify and create new formats or categories rather than compete in oversaturated markets. Chad emphasizes that the biggest opportunities often come from developing entirely new product formats—such as moving from traditional supplement bottles to gummies or pouches—rather than just improving existing products. They also highlight the importance of thinking big, aiming for billion-dollar outcomes, and how innovation in product form factors plays a crucial role in defining new categories.

Chad Janis’s Journey and the Birth of Greens (Gruns)

Chad shares his entrepreneurial background—working in private equity and investment banking—and how his personal experience with greens powder led to the idea of creating a more appealing, comprehensive nutritional gummy. The pivotal moment was seeing how existing products left sediment or tasted bad, inspiring him to rethink the format entirely. After quickly ideating gummies, he designed a product where a pack contains multiple gummies with complete nutrition, making it more convenient and enjoyable. The name 'Gruns' was chosen for its fun, playful nature linked to his German language background, despite the pronunciation challenges in the US.

Scaling with Creative Marketing and Building a Team

Chad discusses the aggressive, high-volume marketing approach involving hundreds of ads and multiple tailored landing pages, testing various angles to optimize performance. Their marketing emphasizes fun, relatable, and viral content—like sassy ads and with frequent product drops—to maintain engagement. He underscores the importance of having a skilled, decision-making team who are empowered and trusted to execute innovations—such as landing page design and creative campaigns—to rapidly scale a brand from startup to exit. Chad emphasizes that a small, well-oiled team can produce massive results through disciplined testing and execution.

The Power of Innovation in Product Formats and Categories

Chad advocates for continuously finding and exploiting new product formats and niches—like liquid vitamins, concentrated liquids for the liver, or alternative delivery methods—rather than sticking to conventional forms. He emphasizes that differentiation and unique formats reduce competition and increase the likelihood of capturing significant market share. He also notes that these formats appeal to different customer preferences and can unlock billion-dollar opportunities if correctly executed.

Fundamentals for Achieving a Billion-Dollar Business

Chad attributes success primarily to creating a good product in a white space—an unexploited market niche—and leveraging distinct formats. He highlights the importance of a high LTV to CAC ratio (at least 3x), disciplined marketing, aggressive testing, and rapid iteration. He also points out that focus on retention, product quality, and brand storytelling are crucial, with a mention of specific marketing strategies—like tailored messaging based on customer intent—that drive profitability and growth. Chad stresses that simplicity combined with execution is often what makes products successful.

Advice on Building Strong Teams and Creating Access

Chad emphasizes the importance of hiring confident decision-makers who see themselves as mini-CEOs, fostering a culture of empowerment. He believes in providing access to opportunities through consistent good work, which naturally opens doors over time. He advocates for building a team of top talent committed to continuous learning and decision-making, which are essential for scaling rapidly and sustainably. Chad also states his philosophy that access is a privilege, and he aims to give back by creating opportunities for others.

Vision, Exposures, and Giving Back

Chad reflects on how exposure to varied experiences—like entrepreneurship classes or travel—expanded his horizons, making success seem possible. He advocates that giving others access and sharing opportunities is integral to leadership and legacy. He explains that his goal is to create more exposure for underserved communities and that he considers his impact not just in business profits but in mentorship and creating opportunities for others. His philosophy centers on earning access through good work and helping others succeed.

Discussions on Wealth, Impact, and Long-Term Thinking

Chad talks about how he plans to deploy wealth—initially through investments, and eventually through personal effort aimed at creating social impact rather than just financial gains. He shares a story about a company sale and the importance of patience and strategic renegotiation. He emphasizes that true impact stems from exposure, access, and disciplined resource management. He concludes that the real measure of success is not just wealth, but leaving a legacy and helping others.

Sponsors

  • HubSpot · This podcast is brought to you by HubSpot, and their team at HubSpot has created a guide to help listeners go from zero to making their first million. Just click the link in the description to get the free guide.
  • Hampton · Check out Hampton, a community for founders where the average member does $25 million/year. They offer a platform for accountability and growth among peers. Apply at joinhampton.com/mfm.
  • ShaanPuri.com · Visit shaans weekly email at shaanspuri.com or hire worldwide talent with a $500 discount at somewhere.com/mfm. Also, learn about Mercury, a financial technology company Shaan uses, at mercury.com.

Show notes

Get Shaan's guide to go from $0 to $1M: https://clickhubspot.com/etpc

Episode 817: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Chad Janis ( https://x.com/chadjanis ) who just sold his gummies business for $1b+ in less than 3 years. 

—

Show Notes: 

(0:00) Intro

(1:28) origin story

(8:11) $30K to $230K in 1 month

(10:33) Naming Gruns

(13:14) remixing formats

(20:28) only looking for $10b ideas

(29:25) 10-minute ecom Marketing Masterclass

(41:26) $1b Idea: ACH distribution layer

(48:17) Access is everything

(57:16) Where Chad is going to spend his money

—

Links:

• Gruns - https://gruns.co/ 

• Replo - https://www.replo.app/ 

• Monarch - https://www.monarch.com/ 

—

Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm

—

Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:

beehiiv.com/mfm-challenge

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Follow this show on AudioBrevity and new episodes get summarized for you. Create a free account

Couldn't load the audio. A blocker may be stopping the show's tracking links. Open the file