GP @ConsumerVenture and CEO @AwakenedFoods. Proud to play a small role in helping build great consumer brands and companies. https://xitter.cf/t.co/8SWZCTeMT8

Chicago, IL
Joined April 2008
Jason Starr, Consumer Ventures, Awakened Foods retweeted
To help you serve snacks that can be enjoyed by EVERYONE, we are running a 4th of July sale through the holiday weekend...get 25% off your next order from our website FreeToEatFoods.com with the code USA250 (one use per customer). BECAUSE EVERYONE DESERVES AMAZING SNACKS
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
The game is still dominated by brands over investing in field merchandising. It's boring, and it's undefeated. Partnering with agencies that can drop 1,000x 1099 reps into your top banners, ensure your product is merchandised properly with tags, build secondary placements, and keep your product in stock. Your competitor will go out of stock and nobody touches that set for a week until a store employee gets to it. Meanwhile your field merch team is in store getting reorders placed and putting your product in front of more consumers. your brand will always win. the better field teams today run through execution portals, so you get visibility into: before pics after pics shelf compliance (are the right SKUs in the right places) Out of Stock alerts reorders placed secondary placements built No amount of Meta spend will ever do that. Rule of thumb: ~$25 per store visit. For the best groups, expect at least a 90 day commitment with a few hundred doors commitment a month. I've seen a few brands try to build field merchandising teams in house, but they just can't compete with the scale of some of the incumbent agencies. If I’m running a $10M food/bev brand trying to get to $50M, or a $50M brand trying to get to $100M... field merchandising gets more budget, you’re influencing the shopper within feet of purchase.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Allbirds sold for $39M. That's not the interesting number. $43M is. That's what their inventory was worth at last count. American Exchange paid $39M for the IP, brand, customer relationships, and all remaining inventory. The inventory alone was worth more than the purchase price. That's not a brand acquisition. That's a liquidation with a logo attached. The capital timeline: $200M+ private capital $348M IPO $4B+ peak valuation $550M+ consumed Exit: $39M Revenue peaked at $297M in 2022. By 2025: $152M. Burning $0.45 of every dollar of revenue. Here's what nobody is saying: When a consumer brand reaches this point, cash depleting, revenue declining, burn rate compounding, the buyer knows the inventory is the floor. The brand, the IP, the customer list? Optionality they're getting for free. Distressed consumer exits don't get priced on revenue. They get priced on what's left on the balance sheet. Inventory, in this case. $43M worth.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Advent International is acquiring a majority stake in premium personal care brand Salt & Stone. Founded in 2017 by former professional skater Nima Jalali, Salt & Stone finished 2025 with $165M in revenue and grew double-digits across all channels. The exit is a big win for Humble Growth which backed Salt & Stone in August 2024. Advent has made several investments in beauty and personal care. Prior investments include Olaplex, Parfums de Marly, Skala Cosméticos, and Orveon.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Matthew Bertulli
@mbertulliMar 20
When a consumer brand stalls out, everyone blames the ads or the product (It's almost never that). It's usually one of these 8 operational mistakes that quietly cap your company's growth: 1. Operating from low gross margin In consumer, everything is downstream from margin. Lower margin means fewer levers to grow. 2. OPEX above 10% The biggest scale consumer companies I know are all sub-10% operating expenses. Payroll, fixed costs, everything. 3. Upside-down cash cycles If you're pre-paying for product before you sell it, you're automatically at a disadvantage. You need terms from suppliers that are friendly to your cash. 4. Not profitable on order one Running acquisition at break-even or a loss on day one is harder on cash and working capital. 5. No LTV to back up unprofitable acquisition A bunch of D2C brands tried to run acquisition that wasn't profitable day one with no LTV. That's suicide. 6. Not enough focus on product There's too much mid and meh in consumer. Operators should spend more time on product development and thinking about product-customer fit. 7. Playing in small markets It's much easier to be a small fish in a large market than a big fish in a small market. 8. Becoming indispensable instead of building a company that runs without you Growth gets capped when founders stay too involved, hold onto decisions too long, or fail to build an org that outlives them.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
A poetic illustration with a lot of meaning 💟
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Brokers are one of the most misunderstood pieces of CPG. First question is usually “do I need one.” Yes. you absolutely do. When do you need them? as soon as you can afford them. For a national broker: Retainers typically range from $7k-$15k per month, Until 3-5% commission exceeds that retainer. Roughly once you are doing $200k+ per month in wholesale, you flip to all commission. Costco, Target, Walmart specific brokers are different vs traditional "grocery" brokers: commissions are large enough day 1 at those accounts that you usually skip retainers. So why use a broker if you have a sales team or the founder is handling sales? because a big part of a broker’s job is blocking and tackling. At least 50% of retail is just not fucking up the basics. They make sure you never miss a review window. You are not going to cold email every banner, find the buyer contact info, and get clean direction on when to submit for your category. - brokers ensure items are set up on time. - delivery windows are hit. - POs are managed correctly. - promos are submitted properly. Retail is a dialect. If you do not speak fluent Target, Walmart, Costco, Kroger, it shows and you get penalized. The right broker also brings credibility. (some) only work with brands they believe can truly scale or run by people they know from past brands. Getting under that umbrella matters. brands should still own strategy: - "Where" and "When" to roll out at certain banners - At what price - How the brand shows up and is supported on shelf. brokers should support that vision, not lead it. They have pattern recognition across many categories. they help you avoid wasting trade dollars on things that do not work. Having a broker does not mean you stop selling or communicating directly with the banner. brand presence still increases your odds in every room. I have scaled brands doing millions on millions in sales with brokers. they earned every dollar of their commission and I was glad to write those checks. anyone shitting on brokers usually hasn’t operated at real scale yet. Brokers are only as good as they are managed. The right ones are a force multiplier. If you have never operated at that level, it is hard to know what to ask for or how to push them. There are a lot out there and only a handful that actually drive outcomes. expect to have 4-6 brokers on a brand that is truly scaling.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
James Hetfield's response to this question is brilliant. Being and staying grateful for what you have is what makes you feel comfortable in all parts of your life.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Replying to @sonofalli
It’s so bad, I ended up chatting with Apple support for this. You can go to screen capture in settings and disable full screen preview.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Quickest path to a great food & bev P&L... 1. Make a great product 2. Drive trial The first is self-explanatory The second requires sampling/in-store demoing but more importantly a great price point Trial with a good product acquires customers cheaper than any other mechanism
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Every year the snack obsessed convene in a secret location (Anaheim) for the super bowl of CPG Why anyone in packaging and consumer goods should go at least once, and a reminder to always try to catch the @thesnaxshot event if there is one 👇
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Sunday Consumer World Thoughts. Cold as fuck outside edition: Founders of brands that make tangible goods have to fight their gut vs the outside world more than almost any other industry. If you run a SaaS company, your friends, in-laws, and uncles are not giving you unsolicited feedback on how to code (yet). Or telling you where to distribute and why. For CPG founders, vibe navigating has to become a core skill. Because you can eat, drink, wear, or touch a consumer brand, everyone thinks they are qualified to weigh in. Taste experts, packaging experts, style experts, and go to market experts are EVERY WHERE. Unsolicited opinion creep is real and relentless. “WhAt dO yOu MeAn YoUr NoT sOlD at ScHnUcKs in St. LoUiS?!” I once watched a founder spend $100k on a rebrand, only to scrap the entire thing because their spouse hated it. It does not stop externally. Internally, ops, marketing, and sales all pull the founder in different directions with full conviction. The most successful founders I know running nine figure brands almost always retain control over anything creative…the vibe. Packaging, Ads, Influencer partnerships and I’ll include product here as well. They gave birth to the brand and they do not let anyone dilute it. Where founders get burned is using vibes where actual discipline is required. Retail and e-com are typically the biggest offenders. Going too big with a retailer because they personally shop there and do not understand the true cost to go to market. Or going too small when they should be leaning in because they lack the knowledge to size the opportunity correctly. And nothing more painful than a founder without an e-com pedigree stifling growth or throwing good money after bad w/ meta. Its the vibe internal compass above all. hire for discipline/specific knowledge. and just smile and nod for anything else.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Consumer-focused growth equity firm Humble Growth announced a strategic partnership with simplyFUEL, a fast-growing protein snack brand. Founded by former Kansas City Royals Sports Dietician Mitzi Dulan, simplyFUEL retails at Costco, Sam's Club, Walmart, and Target. Humble Growth is assembling an impressive portfolio with investments in Momentous, Salt & Stone, and simplyFUEL.
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
HIGHLANDER PARTNERS ACQUIRES TAPATIO News out this morning that Highlander partners is acquiring the #5 hot sauce brand in the US from the Saavedra Family. Tapatio was founded in 1971 and is widely known for its balance of medium heat and tangy flavor. Highlander partners is based in Dallas with $3B+ in AUM, past investments include Pretzilla, Bettera Brands, and Monarca Food Solutions. Stout served as Tapatio’s banker. The Arnold Companies co-invested a significant minority along Highlander. Saavedra family to retain minority position post close. Recent deals in the sauce space include: - Pepsico acquired Siete foods for $1.2B at 2.4x sales and 12x ebitda - Advent international acquiring Sauer Brands for reported $1.5B
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Norman's Rare Guitars, the none-more-legendary LA guitar store owned by Norman Harris – one of the world's most respected vintage guitar dealers – has been acquired guitarworld.com/music-indust…
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
Brez has gotten more traffic from ChatGPT than ever before. Here are 5 things every brand should be doing to increase traffic from ChatGPT… (Brand owners bookmark this)
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Jason Starr, Consumer Ventures, Awakened Foods retweeted
I'm 58. If you're in your 20's, please read this:
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