To buy out a misaligned private equity firm, La Colombe's founders specifically sought a "craft-based" investor. They pitched Hamdi Ulukaya of Chobani not with a slide deck, but with an innovative product prototype. This shared appreciation for craft forged a strong, successful partnership.
Despite running a company with a near $2 billion valuation, Olipop's CEO Ben Goodwin personally formulates every flavor. He views this hands-on work not as a hobby, but as his most direct and unfiltered expression to customers, ensuring the product quality that underpins the brand's success.
To land their first account, the founders walked into the kitchen of the nation's #1 restaurant, uninvited, and prepared their coffee directly for the demanding chef. The product's quality spoke for itself, securing the deal on the spot and creating immediate industry buzz.
Canva avoids a delegated M&A team. The COO personally sponsors acquisitions, focusing on the acquired founder's motivations and cultural fit—often assessed over a drink. This deeply personal approach ensures the founder's vision aligns with Canva's distribution power, leading to successful integrations and high founder retention.
To truly understand a potential financial partner, the Chomps team went beyond the supplied references. They found a founder whose company didn't succeed under the PE firm's investment. His positive review of the partner's character, despite the negative outcome, provided the most powerful signal of trust.
La Colombe's first private equity investors wanted to rapidly expand their retail footprint, but the founders saw the future in ready-to-drink cold brew. This fundamental strategic disagreement led the founders to buy out the investors just 52 days after the first board meeting.
Hamdi Ulukaya navigates political divisiveness by collaborating with figures like Ivanka Trump on non-partisan, "timeless truths" such as food waste. This approach seeks common ground on shared human challenges, sidestepping partisan conflict while staying true to company values.
Instead of mass-market appeal, La Colombe focused on becoming the coffee supplier for the world's best restaurants. They believed that if they could win over the most discerning palates, their reputation for quality would cascade down to the general public, creating an unassailable brand.
When entering the market, La Colombe's wholesale price was over five times the standard rate. They overcame price objections from chefs by reframing coffee not as a commodity beverage, but as a high-quality "spice," an essential ingredient where quality dictates the price.
A truly exceptional founder is a talent magnet who will relentlessly iterate until they find a winning model. Rejecting a partnership based on a weak initial idea is a mistake; the founder's talent is the real asset. They will likely pivot to a much bigger opportunity.
Hamdi Ulukaya attributes Chobani's success in scaling without sacrificing product quality to his extreme operational commitment. For years, he rarely left the factory floor, ensuring standards were met firsthand. This underscores the value of deep, physical immersion for leaders in manufacturing and operations.