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Brewdog Founder: The Untold Story Of One Britain’s Fastest Growing Companies: James Watt | E157

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Brewdog Founder: The Untold Story Of One Britain’s Fastest Growing Companies: James Watt | E157

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3558 segments

0:00

you've had a lot of controversy over the

0:01

last two years bullying lying unfair

0:03

dismissals all of this stuff what'd you

0:05

say to that i did i did push people too

0:07

far

0:10

how fast did brudog grow we have grown

0:12

on average 87 percent a year [ __ ] you

0:14

know everyone told us make your beer

0:16

cheaper change your name change your

0:18

packaging and we didn't listen to any of

0:20

that how can we get our name out there

0:22

with no money at all so we had to do

0:24

things that were intentionally

0:25

provocative and sometimes we can across

0:27

that edge as well

0:29

the best entrepreneurs have got to find

0:31

a way to do things differently to how

0:33

other people are doing things we've got

0:34

two very simple tests that we apply to

0:36

everything that we do so the first test

0:38

is

0:40

this is the worst public health crisis

0:43

for a generation

0:44

i've only ever

0:46

been in tears once

0:48

in my job and i broke down in tears

0:50

addressing our team in march of

0:53

2020

0:54

thinking that we're not going to be able

0:56

to pay you we're not going to be able to

0:57

keep you in a job

0:58

i think people don't realize like being

1:00

a ceo is a very very lonely job at times

1:03

[Music]

1:05

that day

1:07

talk me through what it's like to be a

1:09

ceo when 300 people sign a letter making

1:12

these allegations about toxic workplace

1:14

culture unfair dismissals all of this

1:16

stuff

1:20

so without further ado

1:22

i'm stephen bartlett and this is the

1:23

diary of a ceo i hope nobody's listening

1:26

but if you are then please keep this to

1:28

yourself

1:30

[Music]

1:36

james

1:38

what is the you've listened to this

1:39

podcast before so you know i have a

1:41

theme of where i start i'm like trying

1:43

to frame as a surprise that i'm going to

1:45

start with your childhood but

1:47

um first thank you for being here it's

1:48

um you know it's always lovely to hear

1:50

that people are um guests that we have

1:51

and also kind of understand the format

1:53

where i wanted to to start with you is

1:55

to take you right back because that for

1:57

me is always the context of of somebody

2:00

so when you when you look back and when

2:01

i read back at your early years in that

2:03

small fishing community you grew up in

2:05

um was it garden stone yeah garden stone

2:07

up in the northeast of scotland when you

2:09

when you look back yourself at the

2:12

foundational shaping um pivotal events

2:15

of like those early years that are

2:18

responsible for who you became in your

2:20

life the first events that you look back

2:22

and go that's the first dot i can

2:24

connect what are those

2:26

i think there's i think there's a few so

2:27

grew up in a tiny fishing village

2:29

northeast of scotland my dad was a

2:30

fisherman my mum was a school teacher

2:33

and being a fisherman is tough and i

2:35

just remember like the kind of hard work

2:37

ethic instilled from my grandparent who

2:40

was a grandfather who was also fisherman

2:41

my dad who was a fisherman so kind of

2:43

really hard working really honest kind

2:45

of salt of the earth type character but

2:47

then he was always away and i'd be at

2:48

home with my mom and my relationship

2:50

with my mum was was never that good and

2:52

i think i struggled a lot when i was

2:54

when i was a kid

2:55

um i had quite a severe speech

2:57

impediment when i was when i was growing

2:59

up and and this is something i haven't

3:01

spoken about before so

3:03

um so that kind of always made me a

3:05

little bit of an outsider a little bit

3:06

of a loner

3:08

always felt a bit socially awkward as i

3:11

grew up and became a bit older i had

3:12

quite severe acne so again outsider

3:15

loner socially awkward and i think it's

3:17

a trait that a lot of entrepreneurs have

3:19

in common they're a bit socially awkward

3:21

and i think if you're less likely to

3:22

read social cues then you're less likely

3:24

to do the same thing as everyone else

3:26

which in business is amazing

3:27

um and also a bit of a inadequacy

3:30

complex when i was a kid as well so kind

3:33

of mum's standards were quite high so

3:34

whatever i did wasn't good enough 98 in

3:37

the test why wasn't a hundred when uh

3:39

someone competition why did i win it

3:40

with an even better times like any

3:42

achievement wasn't quite good enough so

3:44

we're going up a bit of a loner bit of

3:47

an outsider a bit of a kind of

3:49

inadequacy complex as well which i think

3:51

from a business perspective those things

3:53

combined are good but

3:54

made it kind of quite tough for me at

3:56

certain stages of my childhood on that

3:58

point of i can relate a lot a lot to a

4:00

lot of that um

4:02

especially the the i the thought of

4:04

feeling a bit like an outsider feeling

4:05

somewhat different were you bullied in

4:07

school

4:08

a little bit i mean the speech

4:09

impediment was something that all the

4:10

kids love to make make fun of and then

4:12

the kind of acne that i had that was

4:13

quite severe in high school was

4:14

something that like has made fun of as

4:15

well which just kind of makes you feel

4:17

even more like an outsider when you're

4:18

growing up i guess speech impediment

4:21

yeah when i was like four five six seven

4:23

eight there was like certain words and

4:25

certain letters that i just couldn't say

4:26

and i kind of worked really hard with a

4:28

speech therapist and got there but for a

4:29

few years it was a lot of words i

4:31

couldn't say and because of that i just

4:33

wouldn't speak to people because i was

4:34

scared to let them see that i had a

4:35

speech impediment so very quiet very

4:37

insular like spending time by myself and

4:40

that kind of shaped a lot of my early

4:41

childhood i would say when you said that

4:43

you think entrepreneurs have that trait

4:45

in common where they somewhat feel like

4:46

outsiders

4:47

why do you think that's a common trait

4:49

in entrepreneurs

4:50

for me the best entrepreneurs they've

4:52

got to see things differently they've

4:54

got to find a way to do things

4:55

differently to how other people are

4:56

doing things so if you go and do the

4:58

same as everyone else you're just going

4:59

to get the same outcome as everyone else

5:00

and if you start off a business that way

5:02

you're just going to get lost in the mix

5:03

and i think 90 percent of small

5:05

businesses fail within the first two

5:06

years so

5:08

i think outsized returns or doing

5:11

something amazing with the business only

5:12

comes when you bet in some way against

5:14

the conventional wisdom and if you're

5:16

not tied to the conventional wisdom or

5:18

tied to social cues i think you're more

5:20

likely to see that and there's a quote

5:22

that i love which is if 99 people think

5:25

you are wrong you're either massively

5:27

mistaken or about to make history so

5:29

it's just that

5:30

maybe not caring too much what people

5:32

think and finding your own way to do

5:34

things and finding your own way to come

5:35

out of business an opportunity or a

5:37

problem and i think if you're a bit of

5:38

an outsider it maybe helps with that

5:41

you mentioned your mum as well

5:43

yeah i mean my relationship with my mum

5:44

was was always quite tough so nothing

5:47

nothing was ever good enough for

5:49

her mum when i was a kid and had a few

5:52

issues later and i haven't spoke to my

5:54

mum for over 20 years now really yeah

5:59

since you were

6:01

in your teens yeah in 1920s when i

6:03

stopped speaking to mum did you ever

6:05

because sometimes when i think about you

6:07

know my own parents

6:09

i with with age i've built a bit of um i

6:12

guess empathy towards why they are the

6:14

way they are

6:16

you know and you kind of when you grow a

6:17

little bit older you understand the

6:18

world a bit better in psychology but you

6:20

go well maybe that's why they were the

6:21

way they are have you thought about that

6:23

with your mother yeah i definitely have

6:26

thought about it and uh

6:28

it's something i continue to think about

6:29

there was just a lot of kind of

6:30

challenging things when i was a kid and

6:32

when i was in my teens that i think it

6:34

made it difficult for us to have a

6:35

relationship and for me it's

6:37

it's easier just not to not have contact

6:39

with her which

6:40

which is tough but i've got a fantastic

6:42

relationship with my dad and my rest of

6:43

the family and it's been that way for a

6:44

long time now did that have an impact on

6:46

you that that sort of really tough

6:48

feedback that you could you were never

6:50

enough for that your work was never

6:51

enough

6:52

possibly but i think it just

6:54

i think it gives you a bit of a

6:57

inadequacy inferiority complex which i

7:00

think has kind of been with me for it

7:02

for a long time

7:04

and there's ways to to numb it so can

7:06

numb it can numb that voice in my head

7:08

that's like

7:10

never been good enough not good enough

7:12

can numb it with a business achievement

7:14

with like doing a thing with a book

7:15

launch that goes well so you get that

7:19

almost temporary escape from that

7:21

feeling

7:22

by doing something that can be measured

7:24

objectively like succeeding in business

7:26

use the word temporary though

7:31

it's always there and i think a chip in

7:34

your shoulder in terms of like

7:35

motivation is

7:36

is quite a powerful thing to have

7:39

but it's that kind of saying it's like

7:40

everywhere you go there you are it's

7:42

kind of always always there at a certain

7:44

extent your dad

7:46

he he sounds like he was a very um

7:48

hard-working

7:49

individual he he was indeed i mean still

7:51

to this day he's in his late 60s he's a

7:54

lobster fisherman which is a kind of

7:56

tough intense i've seen the

7:58

early job every single day regardless of

8:01

the weather in the north atlantic he's

8:02

like pretty much out in his lobster

8:04

fishing boat so

8:05

yeah very focused on work and that work

8:08

ethic

8:09

that

8:10

determination i think a bitcoin

8:12

resilience as well so i spent actually

8:15

six years with my dad on the north

8:16

atlantic before i set up the business so

8:18

i studied law and economics at

8:20

university i got a job in a legal office

8:22

i quit after two weeks so i sat there in

8:25

a cheap suit doing glorified admin and i

8:27

was like this is just not how i want to

8:28

spend my life i don't want to stay in

8:30

this office and i saw myself like being

8:32

maybe 40 50 years in the future kind of

8:34

retired and sitting in that same office

8:35

in a suit and stuff i was like this is

8:37

just not for me so i spent four years

8:39

studying to do a job for two weeks i

8:41

quit and did something completely

8:42

opposite so i got a job in the fishing

8:44

boat and when i was doing that i went to

8:46

nautical college part time i became a

8:48

first mate i became a qualified captain

8:50

and i kind of cut my teeth in the high

8:52

seas in the north atlantic and i think

8:53

it taught me so much about

8:55

resilience about teamwork about

8:58

adversity what did you what did you what

9:01

did you learn then sort of it

9:02

practically inactionably what did you

9:03

learn from was it five years roughly you

9:05

spent on that boat yeah so you come out

9:07

of university you try it out as a lawyer

9:09

you're working in laws for for two weeks

9:11

yeah then you go and join your dad yeah

9:13

and eventually you work you up to being

9:14

captain

9:15

on that boat yeah and you're on a

9:17

trawler in the north atlantic yeah which

9:19

is

9:19

a stupid thing to do if you're me and

9:23

you're as big of a coward as i am going

9:25

out on those seas i've seen the

9:27

documentaries is it like the

9:28

documentaries yeah it's very much like

9:30

those documentaries some of those were

9:31

made in my homeport up in scotland and i

9:34

know some of the people that were on

9:34

some of those boats so i mean very much

9:36

like that the north atlantic in january

9:38

and february is a

9:39

pretty scary place what did you learn

9:41

from doing that

9:43

about life in people

9:44

i think the main lesson that i learned

9:46

is

9:49

and it's when i've applied to the

9:50

business as well you only really see

9:51

what someone's made of when things are

9:53

difficult

9:55

it's only when

9:57

things are going wrong it's maybe a

9:59

first-hand storm you're trying to get

10:00

the net back in the boat it's dangerous

10:02

it's early it's two o'clock in the

10:04

morning and everyone's been up for 24

10:05

hours it's at those times that you

10:07

really see what someone's made of and i

10:08

think that's something you can take to

10:10

business as well

10:11

when everything's going well it's easy

10:12

for everyone in your team to look like a

10:14

superstar it's only when things are

10:16

really really difficult that you see who

10:18

can you depend on and i've almost got

10:20

this test that i use when i'm building

10:22

my management team and we've got an

10:23

amazing management team at the moment

10:25

but the test is would i want to be in

10:26

the deck of a north atlantic fishing

10:28

boat at two in the morning in a storm

10:30

with everything going wrong with this

10:31

person by my side and if the answer is

10:33

yes

10:34

it's usually kind of bodes well for how

10:37

we work together and how we look to

10:38

build build the business together and on

10:40

in that example of what i want to be on

10:41

this on the deck with them at 2am in the

10:43

morning when everything's going wrong

10:45

what other character traits which would

10:49

make someone in that situation a good

10:51

person to be with on that deck

10:53

yeah there's something called the

10:54

stockdale paradox that i think is is

10:56

really important and kind of ties into

10:58

this so james stockdale was

11:01

an american naval captain who was no

11:02

prisoner of war camp for six years

11:05

and uh it's actually in the book good to

11:07

see by jim collins which is a fantastic

11:09

business book

11:10

and he's got a philosophy which is

11:11

you've got to confront the brutal facts

11:13

of your current reality without ever

11:15

losing faith that you're going to

11:17

prevail in the end and i think it's just

11:18

such an important lesson for life and

11:20

business you've got to believe that

11:21

you're going to get there in the end but

11:23

that belief can't blind you from

11:25

tackling the most difficult things about

11:26

your current reality head-on

11:29

with resolve with optimism but you've

11:31

got to kind of hold that paradox in your

11:33

in your hand we're going to get there

11:34

we're going to achieve this thing but

11:36

we've got these huge challenges at the

11:37

moment let's lean into those challenges

11:40

and i often start my business meetings

11:42

with my senior team in the very same way

11:44

okay let's put the agenda at the side

11:46

let's everyone write down a piece of

11:47

paper what's the three most difficult

11:49

things you're facing in this business at

11:51

the moment and let's discuss those

11:53

before we discuss anything else and why

11:55

is that important

11:56

because it means you face into the

11:57

problems and the challenges and i think

11:58

it's so easy for a business especially a

12:00

business like ours we've always got so

12:01

many exciting projects at the moment

12:03

we're opening a fantastic location on

12:05

the strip in las vegas we're opening

12:07

um 20 plus locations in india we've got

12:10

a fantastic location opening in waterloo

12:12

station so it's so easy to get caught up

12:13

in the excitement of those things

12:15

and everyone wants to speak about the

12:16

exciting things but you've got to

12:18

balance that with okay we've got these

12:19

challenges at the moment

12:21

and how we lean into those challenges

12:22

how we tackle those challenges

12:25

is what to a large extent it's going to

12:26

determine our destiny so we need to make

12:27

sure that's why else we're focused and

12:29

exciting things and what we want to

12:30

achieve we're focusing on the really

12:32

tough things we're facing in a

12:32

day-to-day basis as well

12:35

interesting i might steal that

12:38

but i stole it as well

12:41

steal the thing

12:42

did i say that out loud

12:44

i thought i was thinking it um

12:46

yeah so i um

12:48

you're right because there's always kind

12:49

of an elephant in the room at companies

12:51

where many individuals in the room will

12:53

know that there's certain challenges and

12:54

issues especially in the leadership team

12:56

they'll have the clearest idea of what

12:58

those are but

12:59

sometimes they're quite uncomfortable to

13:00

talk about right they are the things

13:02

that are least enjoyable to commit brain

13:04

time and power and resources too so

13:07

i guess that's a very smart way you you

13:08

spent you spent five years on this boat

13:10

yeah which was a really

13:12

great you know

13:13

brave thing to do in my in my estimation

13:16

your captain of the boat

13:18

yeah i spent a bit of time with captain

13:20

in the boat with my guys

13:22

why

13:23

why did you leave that that role

13:25

well i didn't i didn't quite leave it so

13:27

um

13:28

martin who's my best friend from from

13:30

high school we go way back we're taking

13:31

mates yeah martin dickey we're flatmates

13:33

at university together we started making

13:34

beers at home

13:35

and so in martin's mom's garage we would

13:37

make beer and we started to get into

13:39

beer when we tasted an american beer

13:41

called sierra nevada pale ale we tasted

13:43

it it was like wow we love this so we

13:45

would dedicate our weekends to kind of

13:46

trying to recreate that in martin's

13:48

mum's garbage and in 2007

13:51

we'd always wanted to start a business

13:52

we decided to turn our hobby into a job

13:55

so we we got a 20 000 pound bank loan i

13:58

had 30 000 pounds of life savings and we

14:00

decided to set up this business we set

14:02

up in a derelict dystopian industrial

14:05

unit in fraserburgh in a god forsaken

14:08

industrial estate and with no money so

14:10

it was

14:11

beg barter bootleg to kind of set this

14:13

facility up we had like old dairy tanks

14:16

our water tanks were plastic tanks from

14:18

a local garden center because with no

14:19

money to buy stainless steel tanks and

14:21

we set out in this slightly naive i

14:24

think you could call it mission to build

14:26

one of the world's best beer companies

14:28

with that with two humans and a dog no

14:30

experience no capital no business plan

14:34

nothing but just a huge amount of

14:35

passion for a fantastic beer a huge

14:37

amount of disillusionment at the status

14:40

quo of the beer market which was

14:42

essentially just big mass market global

14:45

mega corporations who turned

14:47

beer i think that we love in a lowest

14:48

common denominator comedy commodity

14:51

product and we wanted to make fantastic

14:53

quality beers and opens open people's

14:55

eyes to this

14:57

diverse spectrum of flavor taste quality

14:59

that they never knew existed and take

15:00

them on this beauty journey with us and

15:02

that's what we set out to do in 2007 but

15:04

the first the first few years were so so

15:06

tough what gave you the right to start a

15:08

beer company

15:09

nothing at all you can't make i can't

15:12

make beer

15:13

how did you go about educating yourself

15:15

and how to make beer

15:17

so martin studies how to make beer and

15:19

distilling at university so martin's

15:20

they're really kind of solid technical

15:21

background and he's always kind of taken

15:23

more of a lead in the beer side the

15:24

business and i've always kind of been

15:25

more in the kind of business side the

15:27

sales side the market inside the

15:28

expansion side of the business so yeah

15:31

first couple of years it was me selling

15:33

beer at local farmers markets and

15:36

selling beer out of the boot my beat up

15:37

volkswagen golf but we couldn't afford

15:39

to pay ourselves so i moved back in with

15:41

my dad martin moved back in with his mum

15:44

i had to start working in the fishing

15:45

boat again part time just because

15:47

nobody wanted to buy our beer everyone

15:49

told us make sure bear cheaper make your

15:51

beer with less flavor make your beer

15:52

with less hops change your name change

15:54

your packaging

15:56

and we didn't listen to any of that i

15:57

mean we were determined to okay if we're

15:59

going to fail let's fail doing something

16:02

that we love let's fail doing something

16:04

that we're insanely passionate about and

16:05

let's just keep going and see if we can

16:07

find

16:08

a way find our breakthrough to somehow

16:10

make that work and that breakthrough for

16:12

us came in 2008. and you you described

16:15

that period as being one of the toughest

16:16

of your life that first year

16:20

give me a a detailed flavor of the the

16:22

hardest is there a moment in that period

16:24

where you you account maybe your hardest

16:26

day

16:27

i think so yeah so

16:29

we did everything the two of us so it

16:30

was just the two of us so we did the

16:32

accounts we did the sales we made the

16:34

beer we packaged the beer like the whole

16:36

thing and we filled bottles by hand so

16:38

fill by hand put on a cap by hand

16:40

putting a label by hand the tanks held

16:42

about three and a half thousand bottles

16:43

of beer so that took us kind of 20 hours

16:45

to do so we did that

16:47

and then

16:48

straight through the night the next day

16:50

i was kind of okay let's go and see if i

16:51

can sell some of this beer so i had a

16:53

few cases in the back of my car punk ipa

16:55

which is our flagship here today was

16:56

that was the beer that we were trying to

16:58

sell back then as well i visited six or

17:00

seven different local establishments and

17:02

gave them my best sales pitch it's

17:04

handmade it's local it's full of flavor

17:07

everyone said no

17:09

the last person and didn't just say no

17:11

he tasted it and he just spat it back

17:13

into the pot

17:15

and just gave me the bottle back and

17:16

essentially told me to get out so i

17:18

remember just walking to the car and

17:20

just wondering okay what the hell am i

17:21

going to tell the bank we've got this

17:23

loan we can't pay the loan back we can't

17:25

pay the rent in the building

17:27

i've been up for almost 30 hours

17:30

this is going nowhere like what can we

17:31

do to try and get this business to

17:32

survive and for me that was a that was a

17:35

very tough moment why didn't you quit

17:37

would have been easier i could have just

17:38

gone back to the boat could have been

17:39

captain back out on the sea lobsters all

17:42

that

17:44

there was no way we were going to quit

17:45

why we were we were going to die in a

17:47

ditch for this thing it's

17:48

we're just so passionate about it and

17:52

back to that inadequacy complex this

17:54

voice in your head you're not good

17:56

enough you can't do it if i quit that

17:58

voice wins couldn't let that voice win

18:01

so we kept on going we kept on going and

18:03

i think any business story there's

18:05

a moment where you get a bit of luck

18:07

where you get a bit of good fortune so

18:09

for us that came in 2008 we sent some

18:11

viewers into a tesco beer competition so

18:14

this was at a time that we were selling

18:15

let's say

18:17

10 cases a week at most

18:19

sent the beer to the tesco beer

18:20

competition kind of forgot about it and

18:22

got back to local farmers markets and

18:24

all those things a few weeks later i got

18:25

a phone call from tesco saying that we'd

18:28

finished first second third and fourth

18:30

in this tesco beer competition so it's

18:32

like okay

18:33

so i went down to wait is that the same

18:35

day that the guy spat out same beard the

18:37

guy spat out first came first

18:40

came first the same there the same same

18:42

temperature

18:43

i think so

18:45

that's interesting

18:47

so i went down to went down to chessunt

18:49

which is where the tesco headquarters

18:50

were at the time and met the tesco team

18:53

and i sat there with my best poker face

18:55

on is they told me james your beers are

18:57

fantastic we want to put these four

18:58

beers into

19:00

500 stores nationwide and we can sell 2

19:02

000 cases a week

19:03

so i signed a contract to do that

19:05

without telling them anything at all

19:07

about the fact this was two guys and one

19:09

dog filling bottles by hand and there

19:10

was no way we could there's no way we

19:12

could make that order so we had four

19:13

months to figure out a way to do this so

19:15

got back sat down with martin it's like

19:17

okay we've got this opportunity but we

19:19

need a plan

19:20

and we decided okay we need a bottle

19:22

machine that's gonna cost us a hundred

19:23

thousand pounds we need tanks that's

19:24

gonna cost us fifty thousand pounds so

19:26

went to the bank which was bank of

19:27

scotland who we banked with at that time

19:29

and this was 2008 so this is when global

19:31

economy is going into this huge tailspin

19:34

and we sat down and like okay let's

19:37

let's pitch this as hard as we possibly

19:39

can this is our chance so we told them

19:41

about the contract with tesco young up

19:43

and coming company but we need a hundred

19:45

thousand pounds for a bottling machine

19:46

50 000 pounds for tanks and they just

19:48

laughed us out of the bank there's like

19:50

james martin you're not paying your loan

19:52

back

19:53

it's a tough time for bank and there's

19:54

like no way we can give you this money

19:56

here so undeterred what we did we went

19:59

to the bank that was across the the

20:00

streets we got an appointment there with

20:01

hsbc and we said to the guys at hsbc our

20:04

bank bank of scotland have just offered

20:06

us an amazing finance deal in this

20:08

bottling line in this fermentation tanks

20:10

we've got this contract with tesco but

20:11

if you match this deal we're going to

20:13

shift all of our banking to you we're

20:15

going place as a company we'd love for

20:17

you to support us and they they gave us

20:18

the money so business plan year one and

20:20

two was make happy american beers and

20:23

tell lies to banks are they still are

20:24

they still your bank they are still our

20:26

bank to this very well

20:27

doing that um

20:29

i waited ten years until i told them

20:31

until i told them the truth i thought

20:32

there's like a safe amount of time

20:33

they're not going to take the money back

20:35

uh we got we got the bottle machine in

20:36

we got the tanks in uh the first beers

20:38

came off the bottom line two weeks

20:40

before they were due to go into tesco

20:42

and we got the beers in the tesco they

20:43

sold okay

20:44

year one year two they sold a bit better

20:46

and we were able to kind of start

20:48

building our business from there that

20:49

gave us a foothold and at the end of

20:51

2009 i was able to quit being a

20:52

part-time fisherman and just focus 100

20:54

percent by 2009 end of 2009 two years

20:57

two and a half years wow

20:59

and so that that

21:00

that first year where they're selling

21:01

okay and in the second year but they're

21:03

selling much better yeah what was the

21:04

causal factor of that sales increase

21:06

that started to get the thing get things

21:08

moving was it word of mouth was it

21:10

marketing was it it was it was community

21:12

so one of the most important things in

21:14

the history of our business has been

21:15

community so it got to it got to 2009

21:19

and we'd exhausted the money we could

21:20

get from banks regardless of what we

21:22

said but we are a capital intensive

21:23

business so we need money for stainless

21:25

steel tanks to expand and we were

21:26

expanding quite quickly at that stage

21:28

and it was how can we get money to

21:30

expand our business and we spoke to some

21:32

potential investors but it just didn't

21:33

feel like the right fit for us as a

21:35

business

21:36

so in 2009 we came up with this concept

21:38

that we called equity for punks yes so

21:40

this was crowdfunding before

21:42

crowdfunding was even a thing and we

21:44

thought okay if we can sell some of our

21:46

business to the people who enjoy the

21:47

beers that we make we can hopefully

21:49

create this whole new business model

21:51

we spoke to five legal companies up in

21:53

scotland and they all told us what

21:54

you're trying to do is essentially

21:56

impossible you can't you can't do this

21:58

spoke to a sixth company it says okay we

22:00

can maybe do it but it's gonna cost 150

22:02

000 pounds there's a lot of risks

22:04

nobody's done this before

22:05

we decided to do it it cost us 150 000

22:08

pounds at a time that we'd 50 000 pounds

22:10

in our bank account so we gambled the

22:12

entire future of our business on making

22:15

this completely untried untested

22:17

business model that we just came up with

22:19

called equity for punx a success

22:22

i was so nervou like the day that we

22:24

launched equity punks

22:26

it's the most nervous as i've been in

22:28

this business journey because i knew if

22:29

it doesn't work

22:31

like game over for us a business so many

22:33

people told us it was a bad idea so many

22:35

people told us people are not getting by

22:36

shares in a company on the internet

22:38

people that don't want to invest in a

22:40

beer company people just want to buy

22:41

beer this is a silly idea there's too

22:43

much paperwork people's not going to

22:44

send in checks which they had to do back

22:46

then as well as as opposed to with some

22:48

online payments but those were

22:49

cumbersome so most people paid by cheque

22:52

but

22:53

we wanted to do something different and

22:54

with equity punks what we've been able

22:56

to do is shorten the distance between

22:58

ourselves and the people who enjoy the

22:59

beer that we make so we don't just have

23:01

investors we've got community we've got

23:03

advocates we've got ambassadors we've

23:04

got people who believe what we believe

23:06

who want us to succeed and who are on

23:07

this journey with us

23:09

the first equity punks was

23:11

enough of a success to keep us in the

23:12

game we raised 500 000 pounds from about

23:14

600 600 investors but since then we've

23:17

gone on to build a community of 210 000

23:20

people and we've raised almost 100

23:22

million pounds through equity punks and

23:24

for me it is

23:26

the most special thing about our

23:27

business so the largest shareholder in

23:29

our business is equity punks and our

23:31

team which i think is really cool so we

23:32

are community owned we're people owned

23:34

and having that community with us

23:36

who then when they walk into one of our

23:38

bars they feel like they're walking into

23:40

one of their their own buyers when they

23:42

buy our beer off the shelf they feel

23:43

it's their own beer because they're part

23:44

owner of that company so completely new

23:47

business model for a consumer around in

23:48

the 21st century one that takes our

23:50

consumers with us and that community

23:52

element is amazing they're our biggest

23:54

fans they're our harshest critics we get

23:56

fantastic feedback from them they help

23:57

us find new locations they help us

23:59

develop new beers and equity punks has

24:01

been key to what we've done as we sit

24:04

here in 2020 one of the biggest words in

24:06

marketing is community now yeah

24:08

and you've kind of detailed that i was

24:09

going to ask you but you've detailed

24:10

very clearly the value of community um

24:13

and the equity punching when i when i

24:15

read that i think okay it's one way to

24:16

raise money but there's other ways to

24:18

raise money but it's really more about

24:20

getting

24:21

greater buy-in from your existing

24:22

customer base and turning them into

24:24

advocates and to die hard which is

24:26

increases loyalty it gets them to

24:27

evangelize as you say when they buy beer

24:29

they're basically it's almost like

24:31

there's a discount on that beer i know

24:32

there is actually a discount as well but

24:34

there's actually a discount on it

24:35

because they're enriching themselves so

24:36

it's a really

24:37

interesting innovative model is that

24:40

similar to what like crowdfunding equity

24:42

crowdfunding is today

24:44

before this very similar so this was

24:45

before but it's very similar to what

24:47

that is today and i think you've

24:49

articulated what the model is perfectly

24:50

and for each of our beers that they

24:52

drink because when the company they get

24:53

a tiny little bit better off financially

24:54

which is an amazing incentive to have a

24:56

second kind of hazy jain or elvis user

24:58

punk ipa on a tuesday and a tuesday

25:00

evening

25:02

and it's never just been about the money

25:04

because we could have raised money in

25:05

other ways but it's about building a

25:06

different type of business and a

25:07

business that's focused on community and

25:08

we do so much with our community and we

25:10

have our big agm and aberdeen our annual

25:13

meeting yeah um last time we had 15 000

25:15

equity punks come for our annual

25:16

meetings i think it's like the most

25:18

attended atm in the in the uk yeah so we

25:20

do the business things we've got

25:21

fantastic live music we've got amazing

25:23

beers and it's just the day where can

25:26

everything that we love and believe in

25:27

just comes together in one day and it's

25:28

always fantastic on money raising did

25:30

you you the bbc released a podcast you

25:32

might have seen yesterday like a podcast

25:34

on the you know i know you've had a sort

25:36

of contentious relationship with them

25:38

one of the things that they they leveled

25:39

at you which i wanted you to respond on

25:41

was in those hard times they said your

25:44

dad is wealthy yeah yeah so they said

25:46

there was a

25:47

a suggestion that your dad might have

25:49

been loaning you money yeah and so my

25:50

dad my dad is wealthy-ish not

25:53

excessively wealthy and not nearly as

25:54

wealthy as the bbc said and the only

25:56

support my dad ever gave the business

25:58

was there was a period where one of the

25:59

banks wanted to withdraw a loan and he

26:02

secured that loan for us for six months

26:04

until we got moved over to hsbc so we

26:06

were kind of very determined to do the

26:07

whole thing ourselves so the only

26:09

support was ever the short-term security

26:11

on a loan until we moved it

26:13

quick one we bring in eight people a

26:15

month to watch these conversations live

26:17

here in the studio when we're here in

26:19

the uk and when we're in la if you want

26:21

to be one of those people all you've got

26:23

to do is hit subscribe

26:25

and then like going going to your your

26:27

marketing thesis because this is really

26:28

what's defined um

26:31

brewdog in the eye of the consumer in

26:33

the eye of someone like me that doesn't

26:34

honestly drink beer but knows about the

26:36

brand and considers that it to be a

26:37

famous brand and watched it on linkedin

26:39

and social media over the years build it

26:41

sort of a claim what is your like your

26:43

principles that underline your marketing

26:45

thesis because your marketing thesis is

26:47

very very different to

26:49

pretty much nearly all brands in this

26:51

country there's maybe a 0.1 percent that

26:52

maybe you've copied or that have been

26:54

inspired or that you know

26:55

chicken and egg i don't know who came

26:56

first but it's a very unique thesis

26:58

towards marketing what underpins it

27:00

we've got two very simple tests that we

27:03

apply to everything that we do from

27:04

american perspective so the first test

27:06

is would or could another business do

27:09

this thing

27:10

and if the answer is yes we've got to

27:11

seriously consider why we're doing it

27:14

the second test is

27:15

if i spend a pound on this is it going

27:17

to give me a 10x return compared to how

27:20

a competitor would spend that pound so

27:22

we are in an industry dominated by

27:24

global behemoths of businesses who are

27:26

hundreds of times our size and we are

27:29

we're closing that gap and we want to

27:30

close that gap but we only close that

27:32

gap by making our market and our

27:34

communications everything we do work so

27:36

much more effectively than theirs

27:38

if our marketing is only as effective as

27:40

theirs we don't close that gap and we

27:42

lose so the two tests are could or would

27:44

another company do this and is it going

27:46

to give me a 10x return versus how my

27:48

competitor would spend that money and if

27:49

i'm thinking about how to get a drive a

27:51

better return on marketing you know and

27:53

then i think about what you've done i

27:54

see well we've got to be probably bolder

27:56

to win share of voice we've got to try

27:58

and win headlines in more extreme ways

28:00

because nobody's going to be writing

28:01

about you for

28:02

for the fun of it if you're a smaller

28:04

sort of challenge challenger brand then

28:06

the second thing i i think is kind of

28:08

we've got to

28:09

do that on new platforms we can't fight

28:12

out on tv or in newspapers because those

28:14

are where you kind of throw huge amounts

28:16

of money and you get uh return so new

28:19

platforms and new approaches and that's

28:21

very much kind of signifies what i've

28:22

seen from brewdog very very bold

28:25

very bold and intentionally bold and

28:27

especially bold in our early years when

28:29

we had no budget whatsoever so the

28:32

challenge was how can we get our name

28:34

out there with no money at all so we had

28:36

to do things that were intentionally

28:38

provocative that we're on the edge and

28:40

sometimes we can exhaust that edge as

28:41

well but that enabled us to get our name

28:44

our message our business out there with

28:45

no budget at all so we have driven a

28:47

tank through the streets of london we've

28:49

thrown

28:50

taxidermy cats out of a helicopter over

28:52

the bank of england we've put vladimir

28:54

putin in the front of a beer label so

28:56

we've done a lot of things low budget

28:58

high impact but we've tried to make it

29:00

that everything we do

29:01

ties back and is underpinned by what

29:04

we're passionate about so it does so

29:05

there has to be a connection there so

29:07

does this reinforce what we believe in

29:09

what we're trying to do as a company

29:10

because otherwise it's just hollow and

29:11

it's fake and it's false so how does

29:13

this reinforce the kind of core beliefs

29:14

that drive this business

29:16

which is try to build an alternative

29:18

business and a huge passion for

29:19

fantastic beer one of the more extreme

29:21

things i saw the vladimir thing uh what

29:23

else have i seen i think to be

29:26

because i'm obviously a marketeer so and

29:28

running a marketing company and seeking

29:29

inspiration from lots of different

29:31

brands and seeing what they're doing and

29:32

the impact it's having especially on

29:33

social media which is my my battleground

29:36

um the the thing i read about more

29:38

recently was that you you put in a

29:40

complaint about your own beer

29:42

which triggered press we did so this was

29:44

uh all the way back in 2008 and we had

29:47

a few running battles with a few bigger

29:49

players one of them was the pokemon

29:50

group so the portman group was an

29:51

industry still as an industry regulator

29:54

and for me it is a thinly failed cartel

29:57

funded by the big drinks businesses who

29:59

have got a vested interest in making

30:01

sure that small businesses are not

30:02

successful and there was a few duelings

30:04

at the park that were just so so

30:07

silly

30:08

and frivolous that we wanted to make a

30:10

statement so we complained about one of

30:11

our own beers to make a

30:13

meta statement about how silly the

30:15

process is and how essentially corrupt

30:17

it was as an organization funded by the

30:20

big beer companies big drinks businesses

30:23

who've got a vested interest making sure

30:25

the small ones are not successful how's

30:26

that like so you make a beer that is

30:28

really high in avb is that was that the

30:30

correct term it was yes so we made a

30:31

beer we made a beer called tokyo 18 now

30:34

if you looked at the newspaper headlines

30:35

in the uk when we launched that beer you

30:37

would have thought that i was

30:38

single-handedly responsible for the

30:40

downfall of western civilization by

30:42

making an 18 beer we had it in the sun

30:45

binge drinking blame this man with like

30:47

a cut out of my head in a bottle of

30:49

tokyo that took a bit of explaining to

30:51

my very religious grandmother but that's

30:52

another story that everything we did

30:55

with that beer was we just made a

30:56

thousand bottles it was very expensive

30:58

it was for connoisseurs it was for

31:00

aficionados and we want to elevate the

31:03

status of beer and i think the more

31:04

someone can understand and appreciate

31:06

something the less likely they are to

31:08

abuse it and we make expensive

31:11

products for people who love love

31:12

fantastic beers so it was to kind of

31:14

make a statement of

31:16

you've got all these big companies doing

31:17

very cheap alcohol that's likely to be

31:19

abused

31:20

we're trying to ban products of this

31:22

company that's looking to elevate the

31:24

status increase education awareness

31:26

around beer and lead people to

31:28

appreciate and enjoy beer in a more

31:29

elevated way

31:31

and when you see yourself in the sun

31:32

with a cardboard cut out of your face

31:35

is that

31:36

kind of swings in roundabouts is that

31:38

good

31:39

in from a marketing perspective is that

31:41

a good outcome because you were trying

31:43

to get headlight you complained about

31:44

your own beer yeah you were trying to

31:45

get headlines so is that job done

31:48

i think in that one to a certain extent

31:49

it was it was job done and to kind of

31:52

show you how

31:55

odd things were back back then so this

31:56

was kind of 2009 2010 when we were

31:59

starting to get momentum and the beer

32:01

scene was starting to change so the big

32:02

companies had it their own way for way

32:04

too long and things were starting to

32:05

change

32:06

there was a award ceremony in scotland

32:08

in 2010

32:09

um

32:10

put together by the bi the british

32:12

innkeepers institute

32:14

and we've got a heads up before the

32:15

award ceremony hey guys you're going to

32:17

win the award for scottish bar operator

32:19

of the year so you guys better come to

32:20

the come the awards ceremony so we went

32:22

there we booked a table they were just

32:24

about to announce i was like halfway up

32:25

to the stage to get the award and they

32:27

announced a different company i was like

32:29

okay

32:30

but then the other company didn't want

32:32

to take the award because our name was

32:33

engraved in the trophy he was like well

32:35

we don't want it so the next day i spoke

32:37

to the person that organized the awards

32:39

ceremonies like what what happened like

32:41

you told us we were going to win

32:43

and he was like well diago one of the

32:45

world's biggest drinks companies they

32:47

were the main sponsor they told me five

32:49

minutes before i would give it to you if

32:51

they gave it to you guys they was going

32:52

to pull all future sponsorship you're

32:54

joking so we felt we didn't have an

32:56

option so we put this online it blew up

32:59

it was trending on twitter globally that

33:00

day diageo issued us a formal apology

33:03

about the whole thing and that apology

33:05

was kind of broadcast news but it just

33:06

showed back then

33:09

how the dynamic in the beer industry was

33:10

changing and how the big beer companies

33:13

and big drinks companies were acting

33:15

towards that change of which department

33:17

was one manifestation of it did you take

33:19

that personally

33:21

i took that as a sign that we're doing

33:23

the right thing so i think

33:24

unless other businesses are copying you

33:27

are trying to knock you then you're not

33:29

doing well enough so unless you're doing

33:30

something that's worthy of

33:32

people copying it and like a lot of

33:34

people moan on being copied it's like

33:36

unless you're being copied you need to

33:37

up your game and you need to do better

33:39

unless your competitors are trying to

33:40

knock you down you're not enough enough

33:42

of a threat to your competition so i

33:44

took that as a sign that we're on the

33:46

right track we're doing the right thing

33:47

let's keep going the the other

33:49

extreme marketing thing that i saw which

33:51

was um when i first read i thought this

33:53

is [ __ ] hilarious is the elvis estate

33:57

tried to copyright uh infringe you for

33:59

calling your your us beer which i think

34:00

is your most popular usb it is elvis

34:02

juice elvis juice yeah they sent you a

34:04

copyright uh statement just sort of like

34:06

a

34:07

basically a notice that you you're

34:08

violating a copyright yes and you

34:10

responded with some elvis uh rhyme we

34:14

did and and on the on the art on the

34:17

linkedin post that i saw it said you

34:18

changed your name to elvis yep then the

34:20

bbc come out and say that didn't happen

34:22

yeah

34:23

what is the truth in this one what did

34:24

you change your name to elvis yeah we

34:26

did and just to go kind of back in the

34:27

story so elvis sent um not elvis himself

34:30

um elvis's estate

34:32

sent us a letter saying we couldn't use

34:34

the name elvis and a beer and if we did

34:36

we had to pay them a license fee for

34:38

every can case and bottle of beer that

34:40

we sold so what myself and martin did we

34:43

changed our names to elvis and we sent

34:45

them a letter back saying that they

34:46

couldn't use our name on their music and

34:47

they had to pass a licence fee for every

34:49

time they played one of one of elvis

34:51

songs um got a huge amount of publicity

34:53

at the time we were both elvis for a few

34:55

weeks

34:56

and then we changed their names back so

34:57

the bbc

34:59

attacked us on that as they have on many

35:01

things

35:02

however the bbc misunderstood the

35:04

scottish procedure for changing the name

35:06

so they said we didn't change your name

35:08

by deadpool that's not a scottish thing

35:10

in scotland you need an official

35:11

declaration to change your name which we

35:12

did so what's that just signing a piece

35:14

of paper you sign an official

35:15

declaration piece of paper and that

35:17

counts as a name change in scotland and

35:18

you don't even have to send it to

35:19

anybody don't have to send it to anyone

35:20

scotland so we met the scottish

35:22

requirements which is what we said we

35:23

did

35:24

but yeah my grandmother was very unhappy

35:26

and she insisted i changed my name back

35:28

to back to james brewdog's marketing has

35:30

been so bold and it's been so standout

35:32

and in terms of how hard you've in terms

35:34

of the the return on every dollar you've

35:36

spent it's it seems to have been a

35:38

pretty astounding return per dollar

35:40

spent because you've done these like big

35:42

viral activations a lot of them are like

35:44

um

35:45

parodies or they're like taking the piss

35:47

of big corporations or they're sticking

35:49

it to the man in various ways or going

35:51

at the you know the incumbents in the

35:52

industry

35:54

some of them know that they

35:56

the even the example you gave there of

35:58

they're complaining about your own beer

35:59

with the pork root yeah yeah

36:01

obviously the complaint wasn't real yeah

36:03

because it was you because it was me

36:04

what is the line between between like

36:07

truth in when you're doing these stunts

36:08

and virality

36:10

and

36:10

uh untruth for you and where where do

36:14

you play

36:15

are you willing to to do something that

36:17

is from a marketing perspective that is

36:18

not necessarily true like complaining

36:20

about your own beer if you believe it'll

36:22

help reach the outcome which is to stick

36:23

it to the portman group

36:25

yeah well i think with that one it

36:28

wasn't necessarily untrue because

36:30

afterwards we said we made this

36:32

complaint so it was us who disclosed the

36:34

fact that we made the complaint that you

36:35

were triggered okay and we disclosed

36:37

that to just show how ridiculous the

36:39

system the system was so

36:41

if we hadn't said it was us that

36:43

complained about it then i would accept

36:44

that was being a bit dishonest but the

36:45

fact that we came out and we said hey

36:46

the system fundamentally doesn't work

36:49

and we wanted to expose that by making

36:51

this complaint was what we intended to

36:52

do there when we first started talking

36:54

about marketing one of the things you

36:55

said was um

36:56

we made a lot of mistakes yeah took

36:58

things too far yeah what did you take

37:00

too far

37:01

in hindsight now

37:03

now that you're a big global brand and

37:05

everyone is you know looking back at all

37:06

the steps when you weren't so big yeah i

37:09

think the mistakes that we've made in

37:10

marketing is when

37:13

we've tried to do something which is on

37:15

the edge earth which is controversial

37:18

which needs explaining

37:19

so if you look at the thing in its

37:21

totality then it is potentially a

37:23

positive thing but if you only see a

37:25

snapshot of it then your take away from

37:27

that could be negative so i think a lot

37:29

of the mistakes that we made from a

37:30

market perspective and we did some

37:32

amazing things but we did make some

37:33

mistakes was when

37:35

we got too clever with the concept and

37:37

the intention behind it which was

37:39

genuine got lost so a famous example of

37:42

one of the mistakes that we we made in

37:44

marketing and for international women's

37:46

day we wanted to highlight highlight the

37:48

gender pay gap and this was a project

37:50

that was put together by some of the

37:51

fantastic women we've got in our

37:52

business and we made a beer called pink

37:54

ipa that we always get sell 21 percent

37:56

cheaper to women to highlight the gender

37:59

pay gap which was something that we felt

38:00

passionate about

38:02

and then the proceeds from sale of that

38:04

beer went to charities which helped

38:06

women and women's pay in the workplace

38:08

and these kind of things but then what

38:10

happened was people just saw pink ipa

38:12

and it looked like we were it was the

38:14

beard itself was a parody of products

38:17

which market themselves towards women

38:18

but then it just looked like another

38:20

product that market itself to our women

38:21

and if anyone like dug into it and

38:23

understood okay this is to highlight the

38:24

gender pay gap and they're doing some

38:25

good with the money and they're chasing

38:27

your cause people just saw the pink ipa

38:29

they saw the image and came to the

38:30

conclusion that we're just doing the

38:31

thing that we were going to fight

38:33

against and that was a key key learning

38:35

that people just see a snapshot of a

38:37

thing

38:38

so you need to make sure that all of the

38:39

message that you want to land is in that

38:41

snapshot because a lot of people's not

38:42

going to dig deeper into what it is

38:46

what i got from that was that like

38:47

you've got to create a marketing

38:48

campaign where the context is sort of

38:50

can't be separated it can't be separated

38:52

from because it will be separated if it

38:54

can be exactly 100

38:56

um

38:57

coming from being the captain of a boat

39:00

to being the captain of brood dog quite

39:01

literally that is your job title

39:04

um

39:06

what adjustment was needed because on a

39:08

boat

39:09

when you're up all night and there's men

39:11

there and you know you've got a

39:13

screw your screen was it was the

39:16

give me uh a snapshot of what the crew

39:18

were like on a boat a troller

39:21

so a lot of my best friends to this day

39:24

are the guys that i worked with on the

39:26

fishing boats

39:28

but these are

39:30

an unusual and interesting set of

39:31

characters as well it takes a certain

39:32

type of person to

39:35

kind of do that type of do that type of

39:37

work and do that type of work on an

39:38

ongoing basis and

39:41

i mean they're they're they're hard

39:42

working

39:43

like to have like to have fun like to

39:45

mess about a little bit but all about

39:47

the kind of all about the hard work and

39:50

especially when things get difficult

39:52

like seeing a good

39:53

drew and a fishing boat come together

39:55

and work hard to get them kind of

39:56

through a tough time together was kind

39:58

of really inspiring when it came to like

39:59

business and leadership can i let her

40:01

down the line i can see you being a very

40:03

good captain on a boat you and i just

40:05

generally you're you in a couple of

40:07

moments you know i didn't know you

40:08

before you'd walked in the door but in a

40:10

couple of moments that i've been with

40:11

you you're very

40:13

focused

40:14

and you're someone that i feel like and

40:16

i don't know you but you feel very

40:18

resilient

40:19

and

40:20

then you you add that to the fact that

40:22

this is your business

40:24

and you said before i think you said it

40:26

in your book that no one will ever love

40:27

the business like you do

40:30

you being so hard working so out of

40:32

balance in your own life as you've

40:33

described

40:35

how do you not then

40:37

have that expectation on others because

40:38

this is something that i honestly i

40:40

struggled with

40:41

i struggled with especially in the early

40:42

years of my business was understanding

40:44

that i was a bit [ __ ] up

40:47

and that in fact everyone else was

40:48

normal and i needed to understand it

40:50

goes back to me saying about the dark

40:51

side and the cost of my childhood and

40:53

the insecurities i was a bit [ __ ] up

40:55

so how did

40:56

how do you contend with that

40:59

for the first 10 years the business i

41:01

would say i contended with that very

41:02

very badly so

41:05

there's like a lot of intensity there's

41:07

a lot of

41:08

drive there's a lot of determination

41:10

there's a lot of passion there and

41:13

understanding how to

41:15

lead people how to take people with me

41:17

on that journey has definitely evolved

41:19

over time and i'm now ceo of a business

41:21

that's got 3 000 people

41:23

before that i maybe managed a handful of

41:25

people in a fishing boat but that is it

41:26

so it'll go from like no experience and

41:28

being a ceo no experience as being a

41:30

leader to managing 3 000 people at this

41:33

speed and add in this meant like this

41:35

year well last 18 months cumulatively

41:37

we're going to add a thousand people to

41:39

the team so it's like a thousand amazing

41:42

well-paying jobs in a recession which

41:44

our country which our economy needs so

41:45

we're expanding all the time but just

41:47

how steep that learning curve is

41:50

to go from not managing anyone to

41:51

managing 3 000 people with all the kind

41:53

of stresses and strains of growing a

41:54

business and i think if i look back and

41:57

reflect a little bit we've definitely

41:59

had challenges and well-documented

42:01

challenges along the way

42:03

and

42:04

we've had periods of such intense growth

42:06

that we maybe haven't focused enough on

42:08

our people in our culture during that

42:10

period and as a leader i've always just

42:12

been so focused on building something on

42:15

delivered an exceptional value to our

42:16

customer and making sure every time

42:18

someone opens one of our beers or visits

42:19

one of our buyers the experience is

42:21

amazing and knowing that if someone is

42:22

choosing to spend their money with us

42:24

they're making a choice to do that

42:25

versus one of our competitors therefore

42:27

we need to set the bar incredibly high

42:29

and push incredibly hard

42:32

and

42:33

as a leader because of that drive

42:34

because of that determination because

42:36

that focus i've definitely pushed some

42:37

of the team members too far in the past

42:38

and i think that's been that's been well

42:40

documented but that came from a place of

42:42

doing this because we want to build

42:44

something amazing and it took a bit of

42:46

time to understand that okay they're as

42:48

amazing as their team are they don't

42:50

have the same level of investment in the

42:52

businesses as i do right some of them

42:54

want to push it that hard some of them

42:55

just don't and for a while there was

42:57

just like i'm going to run through this

42:59

wall and i want everyone else to run

43:00

through the wall as well

43:02

not everyone's going to run through that

43:03

wall and again a big lesson and i've

43:06

kind of reflected a lot on leadership in

43:07

the last 12 months is

43:09

to take people with you you've got to

43:12

make them understand the why behind what

43:14

you're doing and making a first decade

43:16

of a leader is like we're doing this

43:17

this is what we're going to do let's go

43:20

and what i've kind of found more

43:21

recently is like if people understand

43:23

okay we're doing this but this is why

43:24

this is what it means for you this is

43:26

what it means for the business this is

43:27

why it's a fantastic thing this is why

43:28

it's going to help us achieve objectives

43:30

where everyone's going to win together

43:32

it's much easier to take people with you

43:34

on that journey whereas in the first 10

43:36

years i was just like go interesting

43:39

that's such an important lesson because

43:42

you know in the example you gave there

43:43

on in one hand you would like dragging

43:45

people and all the studies show across

43:47

all industries that when people don't go

43:49

voluntarily it's it's burnout it's

43:52

pressure it's stress it's you know and

43:53

then when what you've said there is

43:54

leadership is in fact inspiring them to

43:57

come with you yeah and when it's

43:59

voluntary in terms of they know why

44:01

they're going and they want to go then

44:03

all the psychological implications

44:05

across multiple studies that i've read

44:06

about are significantly improved you

44:09

said you've been on a leadership

44:10

evolution

44:12

so speaking honestly what has that

44:13

evolution been from when you started as

44:15

a leader and the business it starts to

44:17

explode to the person that sits here in

44:19

front of me today what have you had to

44:20

work on and remove so it absolutely

44:23

still is a journey and i absolutely

44:24

believe that i can get better as a

44:26

leader and i think one of the most

44:27

important things i've done in the last

44:28

12 months we appointed an amazing um

44:31

independent non-exec chairman and alan

44:33

leighton who's run some fantastic

44:34

businesses so much experience so having

44:36

someone there who's like a mentor to me

44:38

because like if i hang out with my

44:40

buddies they want to speak about

44:41

football and golf and

44:43

that kind of stuff they don't want hey

44:44

i've got this kind of leadership channel

44:45

it's like they don't care which is which

44:47

is amazing but then being a ceo is a

44:50

very very lonely job at times

44:52

and like incredibly lonely and

44:55

there's another quote that i love um

44:56

from ben horowitz author one of my

44:58

favorite business books and it's like

44:59

the first rule of ceo psychological

45:01

meltdown is not to speak about ceo

45:02

psychological meltdown so i think people

45:04

don't realize like

45:06

being a ceo is fantastic but it's lonely

45:09

it's it's intense it's it's difficult so

45:12

having allen's kind of help and guidance

45:14

through that journey i think is really

45:15

important and i would say in the early

45:16

years the business i managed it like a

45:19

captain would manage a small team in a

45:20

fishing boat

45:22

whereas now i'm looking to evolve my

45:24

leadership style into

45:26

a ceo of a kind of medium to large

45:28

company which is

45:30

a bit less intense which is maybe a bit

45:32

less demanding but which is more about

45:34

taking our people with us on this

45:35

journey so here here's the we're going

45:38

to do this and it might be tough but

45:39

this is what it means for us as a

45:40

business this is why we're doing it but

45:41

then also making sure that incentives

45:43

are very much aligned making sure that

45:46

okay we want to create a business model

45:48

where we went together

45:50

as a company which i think is really

45:51

powerful and we've always wanted to

45:53

build a radically different type of

45:55

business a business that rejected how

45:56

things were done and what big business

45:58

was as usual and it's been key and i

45:59

think if you look at we're community

46:01

owned we're the world's first carbon

46:03

negative beer business

46:05

and the new things that we've launched

46:06

with our people it makes us a

46:07

fundamentally and radically different

46:09

business so we've recently launched the

46:10

blueprint which is i think the biggest

46:12

most important announcement in the

46:14

history of our business so firstly i

46:16

decided to give almost 100 million

46:18

pounds of my own equity in the business

46:21

to the team so it's over the next four

46:22

years but that means each salary team

46:24

member receives 120 000 pounds worth of

46:27

equity and that's in the valuation today

46:28

so if we double in size then that could

46:30

be significantly more and that's about

46:32

recognizing like we are all in this

46:34

together we want to win together we want

46:36

to work hard to win together and it's

46:38

about

46:39

incentivizing our team to act like

46:41

business owners but rewarding them like

46:43

business owners the second part of that

46:45

was we wanted to create a

46:46

completely new model for how a

46:48

hospitality business works so we've got

46:50

over 100 amazing hospitality venues all

46:53

over the planet

46:54

each of our buyers now share 50 of their

46:56

profits with the team that work there so

46:58

it's a whole new model where if you

47:00

visit one of our bars in tokyo in

47:03

berlin in cleveland in

47:06

australia you know that okay half of the

47:08

profit that this mark makes is shared

47:11

with amazing people that put this

47:12

experience together so we want to kind

47:14

of elevate the standard of hospitality

47:17

elevate the standards of careers within

47:19

hospitality we've always been a real

47:21

living wage employer which means very

47:22

important for us but

47:24

sharing 50 percent of profits with our

47:26

team i think helps us attract and retain

47:28

fantastic people i think it's something

47:30

that's going to resonate with our

47:31

customers and i think it's something

47:32

that's going to help us elevate the

47:34

hospitality experience for consumers and

47:36

consumers are ultimately the thing which

47:38

drives our business that's the thing you

47:39

know we the first point was like

47:41

inspiring people to come with you as

47:43

opposed to dragging them which again

47:44

many ceos many leaders fall into the

47:46

trap of doing that because we are so

47:48

blinded by our own mission that we

47:50

forget to communicate

47:52

it and bring other people but the second

47:54

thing you touched on there is um if you

47:57

know we sometimes ceos sit here and i've

47:58

probably been guilty of this you said

47:59

you've been guilty of this it's like

48:00

looking at you know the team that you've

48:02

built and and maybe questioning at times

48:04

why they're not moving with the same

48:07

energy that you are but they're not

48:08

incentivized to they're not going to be

48:11

a hundred millionaire gazillionaire if

48:13

this all works out they are getting

48:14

their their remuneration regardless of

48:16

outcome

48:17

so the second piece that i've garnered

48:19

from that of leadership is also to align

48:21

incentives and if you want someone to

48:23

act like an owner you have to make them

48:24

an owner

48:26

which it seems like common sense but

48:27

it's not so common

48:29

it's not so common it took us a while to

48:31

get there but that is exactly like we've

48:32

got reasonably high expectations of of

48:35

our team we like to push hardware in our

48:37

industry dominated by companies much

48:39

bigger than ours so we need to be on our

48:41

a-game we need to push things as a

48:43

business but

48:44

we need to recognize the hard work that

48:47

hundreds and thousands of people put

48:48

into our business every single day

48:50

they're the people that make the beer

48:52

that deliver the beer that make the

48:54

magic happen for the customer and i want

48:56

their incentives to be as aligned as my

48:57

own and i want them to feel as much

49:00

ownership as i do and i want them to

49:01

share intrinsically in the success of

49:04

the business but hopefully by doing this

49:06

we can create a new business model that

49:07

in a few years time i can then sit down

49:09

with other ceos and okay like we've

49:11

invested in our people this way but

49:12

we've become a better business because

49:14

because of it and then do other

49:16

businesses then decide to do the same

49:18

thing

49:19

is it maybe normal in five years time

49:20

for every hospitality business to share

49:22

fifty percent of profits with the people

49:23

working their site and if that happens

49:25

then we haven't only made the lives

49:26

better for the people at work in our

49:28

business but we've managed to

49:28

fundamentally change our industry which

49:30

would be really cool a lot of successful

49:32

businesses in the country i'm thinking

49:33

of the ben francis and thinking of the

49:34

huels hashtag ad just in case the asa

49:37

come for me

49:38

um

49:39

uh a lot of business owners that have

49:41

gone through extremely high growth and

49:42

i've sat here with those ceos of those

49:44

companies they get out of the way yep

49:46

they realize especially in your case

49:48

because this was your first shot at this

49:49

this is my first shot yeah so you're

49:50

gonna [ __ ] up like

49:53

many many many times

49:54

as well hugely

49:56

over and over again and still today um

49:59

but they get out of the way so ben

50:00

france has stepped down at a ceo when

50:02

there was 30 people the founder of

50:04

julian stepped out of the ceo role and

50:06

put someone in

50:07

did that ever cross your mind and why

50:08

didn't you do that sooner if you if you

50:10

knew that you didn't you had because

50:12

learning on the job when you got 2 000

50:13

people is a high risk

50:16

it's a high risk thing so i'm very

50:18

passionate about being ceo and it's

50:19

something i want to continue doing for

50:21

the foreseeable future and why

50:24

because i think we are only just

50:26

starting so a question that i get asked

50:28

a lot when i speak to the media is like

50:30

how do you feel about what you've done

50:32

what you've built what you've achieved

50:33

so far

50:34

and i wouldn't say the feeling is quite

50:36

as numb as indifference but it's

50:40

it's close to that

50:41

really yeah and for me what is exciting

50:45

is where can we take this from here so

50:46

we want to build one of the world's best

50:48

beer companies we want to build one of

50:49

the world's best companies overall i

50:51

look at

50:52

companies like

50:55

whole foods or tesla or google or

50:58

amazon or starbucks i mean that is the

51:00

scale of the ambition we want to do what

51:02

they've done in their industry for a

51:03

beer so what i'm insanely excited about

51:05

is okay we've given ourselves a platform

51:07

we've now got

51:08

over three thousand staff we now make

51:10

beer in four contents we've now got over

51:12

a hundred locations we've got

51:14

significant sales momentum where can we

51:16

take this from here and i think what

51:17

we've done so far

51:19

gives us an opportunity to do something

51:21

meaningful to do something impactful to

51:23

do something that enriches the lives of

51:24

our customers to do something that helps

51:26

us save the planet and fly the flag for

51:28

sustainability something that helps us

51:30

look after our team members even better

51:32

but helps us have a huge impact and what

51:35

i'm very excited about is okay what can

51:37

we do as a team as a company as a

51:40

collective as a community over the next

51:42

five to ten years that's what i'm

51:44

focused on that's why i get out of bed

51:45

in the morning and that's what i'm

51:46

really excited to

51:48

continue doing with the fantastic

51:49

management team and team that we've got

51:50

in the business i was startled when you

51:52

said it indifference

51:54

you you genuinely the way that you feel

51:56

about what you've achieved so far is

51:57

quite close to indifference kind of just

51:59

numb or like just meh

52:01

honestly

52:03

it's close and different so we've done

52:05

some fantastic things but

52:07

overall we're still

52:08

relatively small in the overall scheme

52:10

of things

52:11

i'm like in terms of like if i spend

52:14

like maybe five percent of my time

52:15

thinking okay this is good 95 of us okay

52:18

in the next 12 months we can open our

52:21

fantastic site in vegas we can plant

52:22

millions of trees in the lost forest in

52:24

scotland we can reduce our carbon

52:26

emissions we can launch some fantastic

52:28

new beers our customers are going to

52:29

love we can open 50 new locations in

52:32

india we can continue investing in our

52:34

people we can make the profit share

52:36

thing amazing we can try and make sure

52:37

that the equity that people have in our

52:39

team is as valuable as possible we can

52:42

continue expanding our german business

52:44

beer brewery

52:46

yeah so in 2007 if i'd gone when you

52:49

were doing you know you're taking that

52:50

20k loan from the bank

52:52

and i'd gone and seen you and dicky and

52:53

i said listen couple of years time

52:55

you're going to be the 16th largest

52:57

brewery in the world and you're going to

52:59

have thousands of stuff all around the

53:01

world in 111 locations whatever it is

53:03

you're going to be opening a thing in

53:04

vegas you would have and i said how do

53:06

you think you're going to feel on that

53:07

day what you said to me

53:10

well i think there's there's two answers

53:11

to that question

53:13

so one answer is the answer that i would

53:16

usually give to media which is like

53:18

if you go back to 2007 and now you've

53:20

built this

53:21

could you have envisaged it could you

53:22

have imagined it

53:24

in the answer that you've kind of got to

53:25

give to the media because anything else

53:27

sounds too self-assured no i could never

53:29

have imagined it it's been amazing

53:32

but the answer that i don't usually

53:33

share is of course i imagined it because

53:35

if me and martin didn't imagine it how

53:37

can we build it how can we make it a

53:38

real thing if it wasn't something we're

53:40

kind of planning to do or planning to

53:42

planning to build

53:43

so i think she went back and asked me

53:45

that question there i would have been

53:47

very excited about the journey and the

53:50

joy of building something but you if i

53:52

said how would you feel today so to that

53:54

i'm 2007 uh james and dickie okay and

53:59

i'm saying by the way look at this this

54:01

is what where you get to in 2022 yeah

54:03

you would you would i'm guessing you

54:05

would assume that on that day in 2022

54:07

you would be really content yes but

54:09

you're clearly not

54:11

you're not content are you because

54:12

you're saying that yeah you're saying

54:13

you're indifferent yeah no if you'd

54:16

asked me that then i would yeah i'm

54:17

gonna like spend half of my time in the

54:19

office half of my time traveling and

54:20

then

54:21

and then just chill where that's what

54:22

i'm doing at the moment is exact

54:24

opposite of that and what i'm focused on

54:25

is okay where do we take this thing from

54:27

here can we make a can maker dual

54:29

difference can we create the world's

54:31

first top 10 beer business for over a

54:33

century

54:35

and that's an exciting challenge

54:37

i've come to learn from doing this

54:38

podcast that um

54:40

we almost need to make goals that can

54:42

never be completed for that very reason

54:45

and so

54:46

the words like better

54:48

like will make brewdog better is a much

54:50

more useful word than will become number

54:52

one

54:53

because when you become number one

54:55

there's nowhere to go from there and

54:56

it's an anticlimactic

54:58

yeah exactly

54:59

so there's an ant there's a real

55:00

anticlimax about reaching these peaks so

55:02

it's almost like trying to climb a

55:03

mountain where there is no peak and that

55:05

is that's ultimately life and then you

55:07

die somewhere along the journey

55:09

but that kind of goes against the trend

55:10

of like goal setting and what's your

55:12

goal and what's your five-year plan and

55:14

this kind of underlying assumption that

55:16

finish lines will make us euphoric

55:19

have you experienced that that's kind of

55:20

why i was asking the question about 2007

55:22

yeah well i mean i guess the closest

55:24

thing we've had to finish line is in

55:26

2017

55:27

we took

55:29

a big investment in our company the

55:30

company was valued at just over a

55:32

billion so one of my things was always

55:34

like

55:36

let's see if you can build a unicorn so

55:37

unicorns are startup companies which get

55:39

to be valued over a billion called

55:41

unicorns because they're so there

55:42

there's so few of them happen

55:44

in the uk and especially in scotland and

55:46

i always thought okay if there was ever

55:47

something

55:49

that

55:50

would make me

55:52

feel okay i've accomplished that thing

55:54

i've done that thing i'm complete happy

55:56

content it would be okay build a unicorn

55:58

like that for me that was my win an

56:00

oscar school up scored a winning goal in

56:02

a world cup final but like for me that

56:03

was build a unicorn

56:05

and then the next day i was just like

56:08

okay let's let's go where do we go from

56:10

here that was your first big sort of

56:11

cash windfall personally because the

56:12

money some money went into the company

56:14

somebody went to the founders yes

56:16

yes so that was your first big um

56:18

dealings with being a cash millionaire

56:19

yes and uh i find a fun story from that

56:22

so um the money came in to myself in

56:24

martin

56:25

and uh

56:26

i had bethany so it was like well into

56:28

the tens of millions i had bethany my

56:29

amazing assistant and transferred it

56:32

from the lawyers account into my bank

56:33

account

56:34

for some reason we there was a typo in

56:37

the in the account numbers

56:40

and it went to somewhere in russia the

56:42

money was lost for four days at a point

56:44

in time

56:45

we thought

56:46

there was the money wasn't going to come

56:48

back so i went from the euphoria of okay

56:52

i've built a unicorn i've got a huge

56:54

check in my bank account where the [ __ ]

56:56

is the money what am i getting

56:58

tonight so in the fifth day

57:00

um the boss of the boss of the boss of

57:02

the person managed to find a way to get

57:05

the get the money back and we got the

57:06

money back but for the five days after

57:08

the deal the money was uh missing

57:09

presumed lost which is never coming back

57:12

russia what a place to send it

57:13

[Music]

57:15

yeah the start code sent it to bankinson

57:17

petersburg and they're like well the

57:19

bank might even want to send it back

57:20

because okay oh my god

57:23

so now now double triple check

57:26

every start code that i uh that send

57:28

cash to what was that date what was that

57:30

that like emotionally that's that was

57:31

what you were aiming for in many

57:32

respects in terms of financial freedom

57:34

what was it like

57:37

and and maybe it's a theme of

57:40

people you have on here but

57:43

often when you get to where you think is

57:45

good the thing that's going to make you

57:46

happy

57:49

a couple of days

57:51

and then

57:53

your reality is is is almost the same

57:55

the demons are there the challenges are

57:57

there the opportunities there

58:00

but with people i've spoke to as well

58:01

it's never just this euphoric moment

58:03

where you sail in the sunset and live

58:05

happily ever after it's a bit of a

58:09

bit of a celebration a bit of a kind of

58:11

quieting of the voices of the head for a

58:13

few days and then go again when you say

58:15

the demons what do you mean

58:17

that inadequacy complex like you're not

58:20

good enough you're never get managed to

58:21

build a business

58:23

this business is going to go nowhere

58:24

you're going to be a failure you're

58:26

going to be back in a fishing boat you

58:28

should have listened to everyone who

58:29

told you not to set up the business they

58:30

were right they told you it was a bad

58:32

idea who put that voice in your head

58:38

i think a combination of early childhood

58:42

potentially partly parents despite being

58:44

well intentioned

58:46

um there was a story from my childhood

58:48

where

58:49

i've been obsessed with sharks my entire

58:50

life so my favorite hobby is to go

58:52

diving with sharks it's like i'm

58:54

happiest when i'm under the water with

58:55

sharks i recently went to guadalupe

58:56

island off the coast of mexico dive with

58:58

some great white sharks so like being

58:59

under the water with sharks is is my

59:01

happy place and when i was a kid i would

59:03

always tell people when they asked me

59:04

what i want to be i want to be a marine

59:06

biologist i want to study sharks and

59:08

when i was eight or nine years old my

59:10

parents told me to go and get my shark

59:11

book i was like wow okay they're finally

59:13

interested in something that i love so

59:15

pajamas on just before bedtime went to

59:16

my bedroom come through with a chart

59:18

book

59:19

mother opened up the shark book and uh

59:22

went through the four authors in the

59:23

shark book and was like james like this

59:24

person phd this person phd this person

59:27

phd they've all got phds it's just not

59:30

something you're going to be able to do

59:31

so you need to stop telling people you

59:33

want to be a marine biologist you need

59:34

to stop telling people you'll get study

59:36

sharks because you just won't manage to

59:38

get a phd so you need to think of

59:39

something else and i just remember not

59:41

saying anything

59:42

taking my sharp book and just like

59:44

walking back to my bedroom and in tears

59:46

no okay no more no more shark extremes

59:49

have you ever forgiven your mother for

59:50

the way that she was

59:55

i don't think so you don't

60:01

but i think there's a lot of incidents

60:02

like that that's where that voice comes

60:04

from and

60:05

i mean the voice of the voice is very

60:07

much part of me um

60:09

and i think it's helped me

60:11

push maybe push too hard at times it's

60:12

helped me do some fantastic things and

60:15

but i mean it's it's always there and

60:16

after that big deal it was like okay

60:18

you've done that but now unless you can

60:19

do this then that voice starts up again

60:22

yeah i just i worry about that a little

60:26

bit

60:26

because um

60:29

yeah

60:32

why don't you think you've forgiven her

60:35

uh there was a lot of other things that

60:36

happened subsequently

60:39

and ended up in a

60:41

messy

60:42

court case with my father and i just

60:44

didn't want anything to do with it i was

60:46

like

60:46

this is your thing sometimes people

60:48

don't get on

60:50

fine just started out it's it's it's not

60:52

my thing and she

60:54

called me as a witness in the court case

60:55

which meant i had to sit there for five

60:57

days in the court of session in

60:58

edinburgh this was when i was studying

60:59

law in the court of session

61:01

with some of the students i was studying

61:02

with watching the case and i was like

61:03

sitting there waiting to be called and i

61:05

don't think she'd ever any intention of

61:06

calling me and somehow she just wanted

61:08

to subject me to the pandemic that was

61:10

playing out that i didn't want any part

61:11

of and i was forced to sit there and

61:13

watch it which was which was tough when

61:15

people talk about forgiveness they they

61:16

always say that it's a process of like

61:18

letting a prisoner go and realizing you

61:20

were the prisoner the whole time

61:22

um

61:23

another another question i mean

61:25

well i was going to ask are you

61:27

do you think you've healed from it

61:29

but you've just said that you still have

61:31

that voice today yeah but on some level

61:34

maybe i want that voice

61:36

interesting so maybe it's like well if

61:38

you lose that voice are you going to be

61:40

able to do these things is the voice

61:44

the thing that makes you

61:46

able to

61:47

build a business with your best friend

61:48

from scratch to what we've built but

61:51

isn't that what the base would say

61:53

because of that that is what the voice

61:54

would say the voice values validation

61:56

it's it's desperately seeking validation

61:58

so of course the voice would say what if

61:59

you lose me then you'll lose then you

62:01

won't be validated anymore and

62:02

validation is so important to us this is

62:04

a really interesting topic that i

62:06

that this was the last chapter in my

62:07

book and i actually didn't know i knew

62:09

what i wanted to try and get to but i

62:11

didn't know what the answer was until i

62:12

started writing and it's this whole idea

62:14

of feeling if you're you're enough yeah

62:16

do you feel like you're enough yet and i

62:18

thought that the reason why i was

62:21

ambitious was because i didn't feel like

62:22

i was enough so it was this driving

62:24

force but in fact i came to learn

62:26

that because i didn't feel like i was

62:28

enough

62:29

i had fake ambitions i wanted a

62:32

lamborghini and to impress people these

62:34

were never my ambitions and the closer i

62:37

got to feeling like i was enough my

62:38

ambitions changed i still had ambitions

62:41

i didn't lose ambition but they became

62:42

intrinsically driven ambitions like i

62:44

want to have a wife

62:46

and i want to do things like a podcast

62:48

where it doesn't pay a [ __ ] ton of money

62:50

it's not the best financial use of my

62:51

time but it's an intrinsically driven

62:54

thing

62:54

um

62:55

and so maybe your ambitions will change

62:57

but you'll be happy with the change

62:59

i think that's a great point i love your

63:00

book by the way and i've actually

63:01

highlighted a few yeah i have a few

63:03

points in that in that section and

63:06

i think at the moment ambition are

63:08

things that can be measured objectively

63:10

because that objective measurement helps

63:12

with helps that voice but at the same

63:13

time you're writing the voices like well

63:15

if you lose me you're going to lose your

63:16

edge i'm puts makes you able to do all

63:18

these things and has that voice changed

63:20

over the years with your success at all

63:23

no

63:24

not at all

63:25

it just moves the goal every time really

63:27

moves the goal post achieve it go post

63:29

movies no change at all in that voice

63:31

[ __ ] you now no

63:33

that explains explains a lot to be fair

63:35

because you've

63:36

been held forever with your business

63:39

i had a few words to say about one of my

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so

64:22

one of the things you announced which

64:23

you talked about earlier is this this

64:24

new manifesto for your business called

64:26

the

64:27

the brew dog blueprint creating the

64:29

business of tomorrow and this is kind of

64:30

the late stage vision for a much more

64:33

sustainable company when i say

64:35

sustainable i'm talking not about carbon

64:36

emissions i'm talking about a company

64:38

where your team and your your mission

64:41

can be achieved in a sustainable

64:43

holistically sustainable way you've had

64:45

a lot of controversy over the last two

64:46

years i don't just think over the last

64:48

two years i think controversy has

64:50

followed us

64:51

almost every year since 2008. and much

64:53

of that you've actually welcomed you've

64:55

you've tried to get controversial yeah

64:56

it's been central to your marketing

64:57

strategy yeah and it's actually

64:59

from my estimation especially in those

65:01

early has served you tremendously well

65:02

because it's made the marketing dollar

65:04

work a lot harder

65:06

um the controversy in more recent years

65:08

starts with this punks with purpose

65:10

letter that was written 300 of your

65:12

ex-employees and some of your current

65:14

employees at the time and think in 2020

65:15

or 2021 uh 281 came out with these

65:18

allegations of bullying uh lying fear

65:20

toxic workplace culture unfair

65:22

dismissals all of this stuff

65:23

when people hear about the

65:25

the blue dog blueprint they might think

65:28

it's a knee-jerk response to that

65:31

um

65:32

and that without that moment where you

65:34

know those employees had written that

65:36

letter about their experience at brewdog

65:38

you wouldn't have gone on the journey

65:40

and published that new vision for

65:43

brewdog what do you say to that um i

65:45

would say that's completely not the case

65:46

firstly let me speak about

65:48

how we've been this employer so i think

65:49

it's completely fair to say there's been

65:51

points on

65:53

the higher growth journey of this

65:54

company where we could have done more to

65:56

look after the the people as a

65:58

first-time ceo leading the company it

65:59

was expanding

66:01

super rapidly in the us and germany in

66:03

the uk at times we didn't invest enough

66:06

in hr we had unrealistic expectations of

66:08

our team and i think a fair amount of

66:09

feedback in that letter was was valid so

66:12

we've always wanted to be the best

66:13

employer we can be the aspiration has

66:15

always been to be a fantastic place to

66:16

work and we've always believed that our

66:18

long-term destiny is determined by how

66:20

well we look after the fantastic people

66:22

in our business and i think that has

66:23

been

66:24

core to our dna since day one have we

66:27

always lived up to that in the higher

66:28

dose periods no we haven't and i think

66:30

we fully accept that and off the back of

66:32

that feedback we did a full independent

66:34

review of culture we spoke to over a

66:36

thousand people inside and outside the

66:38

company and we made a whole host of

66:41

changes we invested in hr we put a page

66:43

in place across the board we added

66:46

resource where we felt we were under

66:47

resource as a company we put in place an

66:49

independently managed ethics hotline and

66:50

loads of other things

66:52

i think we had a few years where we

66:54

missed the mark from a people

66:55

perspective

66:56

high growth inexperience in my behalf

66:59

unrealistic expectations difficulties in

67:02

covert i think we've reset things now i

67:04

think we've put some fantastic things in

67:05

place

67:06

and then on top of that we've launched a

67:08

blueprint which i think helps create a

67:09

whole new model for business going

67:11

forward which is something we're very

67:12

excited to do when that letter came out

67:14

from punks with purpose

67:16

that day

67:18

talk me through what it's like to be a

67:20

ceo when 300 you know people sign a

67:22

letter accusing you of all these

67:25

making these allegations about toxic

67:27

company work culture what's it like for

67:28

you that day

67:30

tell it's

67:32

it's i mean this is my this is my life's

67:34

work and

67:35

some of that feedback was fair and valid

67:36

i think some of the feedback was was

67:38

disingenuous but we took that approach

67:39

of whether we agree with it or not we're

67:41

going to use this as an opportunity to

67:42

get better now maybe in two three four

67:45

years time we can look back and say as

67:47

difficult as this was we've become a

67:48

better company because of it how can we

67:51

engage with this and how can we use it

67:53

to get better because ultimately our

67:55

people are the most important thing in

67:56

our business and we want to be the best

67:57

business we can long term and we've just

67:59

got to

68:00

use it as a catalyst for

68:02

for getting better long term as a

68:04

business what did you think was fair

68:06

i think it's completely fair to say that

68:08

i at times in the journey have been

68:11

too intense that i have been too

68:13

demanding that i have

68:15

set standards for the team which i would

68:17

set for myself but then for a lot of the

68:19

team members that is unattainable and

68:22

i fell in the trap of picking bits and

68:24

pieces from some of my favorite business

68:26

leaders philosophy so jeff bezos has got

68:29

a philosophy that standards need to be

68:31

unreasonably high and unless people

68:33

think they're unreasonably high they're

68:34

not high enough and i would just pick

68:37

bits and pieces without kind of taking

68:38

maybe the whole philosophy and i just

68:40

pushed for such

68:42

high standards unrealistic deadlines and

68:44

it was because i was so focused on let's

68:46

build a thing let's create more jobs

68:48

like create more regression

68:49

opportunities for our team let's deliver

68:51

more value for our customers actually

68:53

amazing moments of customer magic let's

68:55

continue let's continue building

68:57

so the intention was 100 good and

68:59

because i was so bought in and so

69:01

focused on that i did i did push people

69:03

too far what was the most hurtful thing

69:05

that you read so you that that letter

69:07

came out the bbc did a documentary that

69:08

bbc did this podcast which is kind of

69:10

just the same as the documentary what

69:12

was the most hurtful thing that you read

69:13

written about yourself

69:15

well i think for for me there's the

69:19

difference between

69:21

okay this is

69:22

genuine

69:24

feedback because people had a valid

69:25

concern

69:27

and because people want to help

69:29

make us a better business which

69:32

fully accept want to listen to that

69:34

feedback all day long with us

69:36

there's been unfortunately two things

69:38

mixed together so

69:40

there's been the valid feedback

69:42

which we'll listen to which we accept

69:43

which would become a bit better business

69:45

there's also been people who have been

69:47

on a mission to inflict as much damage

69:50

as they can on me

69:52

and on the under the business with

69:54

mistruths with misrepresentations with

69:57

dishonest statements and dishonest

69:59

claims and i know a lot of these

70:00

individuals and

70:01

unfortunately i can't say too much at

70:02

the moment because there's two ongoing

70:04

court cases but there's been

70:06

a large amount of criminality involved

70:08

in this as well and hopefully one day

70:10

i'm able to speak about it but some of

70:11

the things that's happened in the

70:12

background are completely shocking it's

70:14

almost like a movie plot so you've got

70:16

the kind of two things mixed up in our

70:18

case you've got valid feedback from

70:21

ex-employees about okay you could have

70:22

done better here you didn't invest

70:24

enough in hr these things were difficult

70:25

that we fully hear and the other side

70:27

you've got people

70:29

taking advantage of that moment just to

70:30

try and inflict damage in me and the

70:32

company for

70:33

for whatever reasons we've always had

70:35

haters as a business as well perhaps

70:37

more than any other business and i

70:39

always felt to have people hate you you

70:41

need to be successful doing something

70:43

that you love and i think there's a big

70:45

difference here and you spend some time

70:46

in the u.s between

70:48

how u.s people relate to successful

70:50

business people and how uk people relate

70:52

to successful business people and i

70:53

think in the us it's

70:55

they cheer you on from the sidelines

70:56

they support you because they

70:59

their mindset is they think that can be

71:00

them someday whereas in the uk i think

71:02

it's

71:03

maybe a bit more jealous of success and

71:05

they don't think it's going to be them

71:06

so therefore they're they're jealous and

71:08

success which i think is a bit to play

71:10

there

71:10

as well so yeah some of the elements of

71:13

feedback that i felt wasn't coming from

71:15

a genuine place where somebody kind of

71:16

hired us to hear for as the other bits

71:18

of feedback that was fair and genuine i

71:20

was there for all day long but the

71:21

disingenuous bits of feedback were were

71:23

tough because they just all get reported

71:25

the same way in the media fair and fair

71:26

and genuine feedback then so you one of

71:28

the things that you actually do at your

71:29

company and you were doing during this

71:31

growth period doing the the old net

71:32

promoter school thing one of the things

71:34

that bbc reported on yeah in your head

71:35

office the the score for when people ask

71:38

we're asking a question how likely are

71:39

you to recommend brewdog is a good place

71:40

to work was minus 54 and then

71:43

company-wide the score was minus 18 yes

71:46

how does one when you because that's

71:47

just a number yes how does one go about

71:50

getting to getting the context of that

71:52

number and then improving it the number

71:54

because if i got that number i i

71:56

wouldn't know where to bloody start yeah

71:58

well i mean i would start with surveys

72:00

but it's a difficult thing to change

72:02

right because that's a it's an awful

72:03

number you know yeah and i don't think

72:05

you can change it based on a number and

72:06

i think the mistake that we maybe made

72:08

in the past

72:10

was when we knew we had an issue with

72:12

our culture we tried to fix those issues

72:15

in a vacuum so it would be me and a

72:16

couple of our senior leaders and okay we

72:19

know we've got this issue here we want

72:20

to make it better for our people let's

72:22

do this this and this but we create that

72:24

in a vacuum and we didn't speak to the

72:25

people so we did so many

72:27

well-intentioned things that we thought

72:29

was really going to help us as an

72:30

employer that just didn't help so one of

72:33

the biggest learnings

72:35

on that part of the journey for me and

72:36

it's really kind of came to fruition

72:38

with a blueprint is if we're trying to

72:40

do something that's good for our people

72:41

let's build it with our people let's not

72:43

build it in isolation let's not make it

72:44

a vacuum so the blueprint for instance

72:46

before we launched it i did focus groups

72:49

extensively with cross sections of the

72:51

company in america junior people senior

72:54

people middle managers i did the same

72:56

for a retail business for a production

72:57

business i did face-to-face workshops on

72:59

it it's like here's what we're thinking

73:01

about doing

73:02

in terms of making things better for you

73:04

guys what do you think this is going to

73:06

impact you in a day-to-day basis how do

73:08

you think this is going to go down the

73:09

team but ultimately how can we make this

73:11

better

73:12

and in the past the blueprint i would

73:14

have just launched it in a vacuum with

73:16

good intention we made so many changes

73:18

to how it works based on the feedback

73:21

from our team so we ultimately ended up

73:23

launching something that was far more

73:24

impactful that was far better for our

73:26

team because we built it in a

73:28

fundamentally different way than we

73:30

would have built it before which is just

73:31

in isolation and i think that's a first

73:33

example of us doing that and me doing

73:35

that as a leader which i think is a

73:36

really

73:37

important evolution of my leadership

73:40

style within the business the the other

73:41

thing you've done which i i implore all

73:43

companies to do is par as part of your

73:46

brew dog blueprint when i went on the

73:48

website i saw that you've got that

73:49

transparency dashboard yes

73:51

this is very important in the modern

73:53

world because this puts the the power of

73:55

truth into your hands in terms of

73:57

reality so what you've done is you've

73:59

published on your website things like

74:01

your employee sort of satisfaction

74:03

school

74:04

um things relating to your carbon

74:05

emissions and all these things so that

74:06

the world can now see what your own team

74:09

think of being a brewdog employee

74:11

because what that also does for the team

74:13

is it builds trust

74:15

it it does and i think it's such an

74:17

important part of our philosophy and it

74:19

just got to a point where there were so

74:20

many misrepresentations

74:22

that was like okay let's just give them

74:24

the facts in their purest most undiluted

74:27

form

74:28

and then people can make up their own

74:29

mind so if you look at the transparency

74:31

dashboard at the moment the latest score

74:33

that we've got from people within our

74:34

business is 3.49 out of 5 as an employer

74:38

now do we want to be 3.495 as employer

74:40

no is that significantly better than

74:42

most people outside the company would

74:44

have you think yes but what we've

74:46

committed to doing is every 12 months

74:47

we're going to do the same survey in the

74:49

same way and we're going to update

74:50

people so we're going to do that at the

74:52

end of this year and we're going to

74:54

share those results so people can see

74:55

okay you've done some things are you now

74:57

better or worse than a 3.49 in an

75:00

anonymous survey from your people and

75:01

that's a level of transparency we've

75:03

committed to here and

75:05

i think that commitment to transparency

75:06

isn't something new in our business in

75:08

2014 we launched something called diy

75:11

dog so with diy dog and we gave away the

75:14

beer recipe in full for every single

75:17

beer we'd ever made so at the time it

75:19

was 250 recipes so it was the key

75:21

starter kingdom it was everything that

75:23

most companies usually kind of keep

75:24

awake in a

75:25

in some secret vault somewhere and like

75:27

loath to share with anyone but that

75:29

transparency has been kind of hardwired

75:30

in our dna for a long time in the

75:32

transparency dashboard specifically

75:35

focusing on culture people headcount

75:36

employer score is a key evolution of

75:38

that and obviously if if you're asking

75:40

if you're doing surveys of your team

75:41

yeah uh people are always going to fear

75:44

reprisal which is if i write something

75:45

bad on this am i going to get fired or

75:47

something is it anonymous it's 100

75:49

anonymous and it's managed by an

75:51

independent third party oh good which

75:53

lets us get the purest most undiluted

75:56

fair objective feedback we can one of so

75:59

one of the i'm reading through the

76:01

bbc reports and i'm looking through i'm

76:03

listening to the podcast i like to do my

76:04

research so i watched the documentary

76:06

yeah i listened to all six

76:08

six and a half parts of the podcast

76:10

the bit that where i might my skin

76:13

really was just i felt really

76:14

uncomfortable was when a certain member

76:16

of the team i think in an american

76:18

bar talked about the interview process

76:20

for promotion and someone i think her

76:22

manager had said to her some had asked

76:24

her continually does she have kids

76:27

is she going to get married when you

76:28

heard that that a member of the brewdog

76:30

team was being repeatedly questioned on

76:32

whether they had kids in when they were

76:35

interviewing for promotion did you were

76:36

you as horrified as i was

76:38

i was i was massively massively

76:40

horrified here

76:42

i was massively horrified for two

76:43

reasons a that it happened and b because

76:46

i know it's my fault so

76:49

that

76:50

every single thing that happens in this

76:52

business

76:53

is a direct consequence of something i

76:56

have done so if something goes wrong

76:58

anywhere in the business in a business

76:59

with 3 000 people things are going to go

77:00

wrong all the time

77:02

in every different country like all the

77:04

time but i can never ever blame anyone

77:07

but myself because i've either hired

77:09

that person set the tone for the culture

77:10

instructed that person communicated with

77:13

that person communicated with their

77:14

manager so it's all a direct consequence

77:16

so when we've got an issue i can't look

77:18

at anyone but myself and i've got to

77:19

take full responsibility for that issue

77:22

and putting things in place to fix that

77:24

issue so it was hard to hear because

77:26

it's something that should absolutely

77:27

never happen but also hard to hear

77:29

because no because if i'd done my job

77:30

better then it just wouldn't have

77:31

happened in the in the first place is

77:33

that an evolution that perspective

77:36

that evolution is a perspective as well

77:37

before if something went wrong in the

77:40

car and i mean this is a steep steep

77:41

learning curve before if something went

77:43

wrong in the company

77:44

blame someone else yeah and by blaming

77:46

someone else

77:48

you just don't address what the issue is

77:50

and then you scapegoat someone else

77:52

which is bad from a culture perspective

77:54

when now it's back to the question okay

77:55

what could i have done to ensure that

77:57

didn't happen what can i do

77:59

to avoid that going forward what can i

78:01

do to make the team the culture the

78:03

people as strong as i can going forward

78:05

so we can be the best representation of

78:07

this company and build it to how we want

78:08

it to be is that

78:10

one of the trends that was very obvious

78:12

in this documentary was because i assume

78:15

brewer the brewery industry is is male

78:17

dominated yes

78:19

women that

78:20

get jobs in the industry are at

78:22

risk of getting swept up in a male

78:24

culture and um being

78:28

the victims of a male culture in many

78:29

respects there was the the story in the

78:31

podcast about someone in a in a brewery

78:33

or something doing a masturbation

78:36

gesture a female employee

78:38

this goes back to a masculine culture

78:40

issue kind of

78:41

the kind of culture you would expect in

78:43

a football locker room but wouldn't ever

78:47

is this the the systemic sort of

78:49

uprooting that you've had to to think

78:51

about because 3 000 people around the

78:53

world

78:54

you you

78:55

have to protect all of them i do you

78:58

have to protect all of them from each

78:59

other yeah

79:01

that's not

79:03

yeah

79:05

how does one go about that is that a

79:07

culture philosophy thing how do you stop

79:09

and how do you when someone goes to

79:10

report something like that that horrific

79:12

incident what

79:14

so again we've put in place loads of

79:15

things so now we've got an independent

79:17

ethics hotline which is independently

79:20

managed so there's so many ways now for

79:22

people people who report something

79:23

they're concerned with they can speak to

79:25

their line manager they can speak to the

79:27

hr department or if they want to do it

79:29

completely anonymously we've got this

79:30

independently managed hotline they can

79:32

call that hotline that hotline that then

79:34

gives the feedback to our directors to

79:36

our hr department but it's completely

79:38

anonymized they don't know who that

79:39

feedback is coming from and

79:41

for us

79:42

like we want to build the most diverse

79:44

most inclusive business that we can i

79:46

think it's fundamentally important that

79:48

we are as diverse and inclusive as our

79:50

customer bases as well we've now got a

79:52

diversity inclusion forum within the

79:53

business with

79:55

people from all over the business where

79:57

they discuss things okay we can get

79:58

better at this we can get better that so

80:00

it's putting more things in place where

80:01

we listen to a huge cross-section of our

80:04

team and whereas before we've been okay

80:06

we're building a thing

80:09

and the team are helping us build a

80:10

thing it's okay let's build a thing

80:12

together with our team because the

80:13

person who's on the front lines in our

80:15

bar in columbus ohio or a bar in central

80:18

london or a bar in edinburgh the person

80:20

who's working in the warehouse in

80:22

glasgow or in the jury in australia

80:24

their perspective on things is so

80:26

important and

80:27

i think a trap that i fell into was okay

80:30

this is our culture because this is what

80:32

i say it is you can't say what a culture

80:34

it is the culture is

80:36

how the people in your team feel and

80:38

then how they act and you only build

80:40

that together so for me it's been

80:42

another kiki learning let's build the

80:45

culture together with our team and

80:47

that's going to give us the strongest

80:48

culture that we can has the culture

80:50

always been amazed in the past no hands

80:52

up it hasn't can we make a fantastic

80:54

culture together in the future with our

80:56

team i fully believe we can and we're

80:58

very much focused on that you've got two

80:59

young daughters i do so when you hear

81:01

about you know when you hear these

81:02

incidents that have come from women

81:04

saying that they've experienced someone

81:05

being misogynistic to them that must hit

81:08

closer to home than most it absolutely

81:10

absolutely does so i'm super lucky to

81:12

have two amazing daughters they're

81:14

eight eight and five oh wow yeah um

81:18

the eldest one is uh sometimes makes

81:20

beer with me at home in the kitchen and

81:21

i mean saturday afternoon which is

81:24

at five does she drink it no she doesn't

81:26

drink it she smells it and she picks out

81:27

the hops and she picks out the mall and

81:29

then she designs a label and she gives

81:30

it to

81:32

might be another documentary so

81:33

sometimes you're allowed to

81:35

allow to drink it and stuff but yeah i

81:37

mean it's

81:38

it's tough i mean the outside of the

81:39

business i mean my daughter's the most

81:40

important thing in my life full stop and

81:42

the main focus of my life outside the

81:45

the business and

81:46

i think being a father has

81:48

changed my view in a lot of things i

81:50

mean it's not just since myself and

81:51

martin became fathers that there

81:53

suddenly became baby changing facilities

81:55

in all of our venues and that kind of

81:57

thing but and i can a deeper level a lot

81:59

of what we're doing from a

81:59

sustainability perspective is because

82:02

i want to be able to look my kids and

82:03

and i know that we did our bit to save

82:05

our home planet that this didn't happen

82:07

in our watch that we put things in the

82:08

line here and then in terms of the

82:10

culture we're building as a company as

82:12

well i want to be able to

82:14

when they're drawn to speak to our

82:15

daughters about okay we try to make it

82:16

amazing for everyone by doing these

82:18

things this is the values that we held

82:20

true to us did we always get it right no

82:23

was that intentional was there to do

82:24

that absolutely and this is where we got

82:26

to in that journey one of the things you

82:28

you said you know i [ __ ] up on this

82:29

particular point was investing in

82:31

heineken

82:32

and you've explained many times you know

82:34

the thesis behind why you did that yeah

82:36

i know that was i know people were

82:38

talking and you responded with some

82:40

things yesterday about that but i just

82:41

wanted to kind of confront that so

82:43

you've obviously been the antithesis of

82:44

those big yes we have beer companies and

82:46

then the bbc reported that you'd

82:48

actually invested i did they said 100

82:50

500 grand you say 120k yeah context and

82:54

so i they said i held 500 k's worth of

82:56

shares i invested 500k i quickly sold it

82:58

down okay so at the time they said it

83:00

was 500k why are you investing in the

83:02

people you hate

83:04

keep your friends closer closer

83:07

so

83:08

at that time

83:09

and it's it's the most stupid thing that

83:11

i've ever done if i could like go back

83:13

and change a single thing that would be

83:15

very high on the list just because of

83:18

how

83:19

at odds it sits with our values and how

83:21

we do things like companies so the

83:22

intention was to try and do a

83:23

distribution deal heineken felt that we

83:26

hated them and

83:28

i then without thinking about it too

83:30

much decided okay well i'm going to buy

83:32

this and like hey guys i can't hate you

83:33

too much because i've got shares in it

83:34

so

83:35

that was the kind of designing concept

83:37

behind it and whilst we don't want to be

83:39

owned by big beer business we do

83:40

distribution deals with them we've done

83:41

a distribution deal with asahi in japan

83:43

and we work with other big beer

83:45

companies in a distribution basis but

83:46

not an ownership basis

83:48

i naively felt it would help us get a

83:50

distribution deal done

83:53

uh we didn't get the distribution deal

83:54

done and yeah definitely one of the most

83:56

stupid things i've ever done i would

83:58

love to go back and take it back but i

83:59

did it i own chairs and

84:01

and heineken which is kind of like i

84:03

don't know luke skywalker owning shares

84:05

and darth vader's latest startup

84:08

were you the last question i have on

84:09

that topic then that's this these topics

84:11

more just generally is the other thing

84:13

that the bbc alleged was that you were

84:15

going to sell your company to heineken

84:16

yeah

84:17

and no truth in that whatsoever so we

84:19

had discussions about distribution about

84:22

potential partnerships but there was

84:23

never any intention to sell the company

84:25

and if we wanted to sell this company we

84:27

would have sold it a long time ago so we

84:28

have had so many offers why not

84:32

why not sell it that'd be a big payday

84:37

yeah but then the next the week after

84:38

what do you do

84:40

how am i going to spend my time what am

84:41

i passionate about let's start another

84:42

beer business and then build it let's

84:43

start another company and build it so

84:45

like if we had wanted to sell we could

84:47

have sold this thing a huge valuation a

84:49

hundred times over

84:50

i could be sitting in a yacht somewhere

84:53

sipping margaritas and never have to

84:54

worry about anything ever again so if we

84:57

wanted to solve we would have sold it it

84:58

was never the intention to sell it was

85:00

to see is there an option opportunity to

85:01

work together strategically and

85:02

distribution that helps us through the

85:03

business but

85:05

we're fully committed to

85:07

we're 15 years in we're fully committed

85:08

to the next 15 years and seeing where we

85:10

can take this thing and that's the fun

85:11

and that's the challenge and that's what

85:13

we're

85:13

focused on when you have you don't do

85:15

many interviews i don't i think you've

85:17

probably been a little bit too busy with

85:19

kovid and everything else going on so

85:21

you've not really done any interviews

85:22

but you did one in the sunday times with

85:23

josh glanci yeah and his sort of

85:25

conclusive point in that interview was

85:27

um

85:28

that he he thought you were obsessive

85:30

someone who clearly struggles to express

85:32

empathy or read social click um cues

85:35

um he's he's cold-eyed unsettling

85:37

company and is

85:39

as a determined person as i recall

85:42

meeting and then he goes on to say but

85:43

he doesn't think you are the person that

85:44

you've been portrayed to be in a

85:45

negative context yeah or words to that

85:47

effect um

85:48

but the bit that i found particu

85:50

interesting of all of that was

85:55

the part about social cues which you've

85:56

mentioned earlier in this conversation

85:58

yeah

85:59

so actually um off the back

86:02

of

86:03

the

86:03

time that i spent with with josh and

86:05

looking at that feedback i started

86:07

exploring as to whether i am a little

86:09

bit autistic and it's still something

86:12

i'm exploring at the moment but

86:13

working with some specialists i think i

86:15

might have some kind of light level

86:16

autism

86:18

in the mix that would explain some of

86:19

the social cue thing

86:21

some of the mindset thing and some of

86:22

the awkwardness as well interesting

86:25

39 years old that's a bit

86:28

you know

86:29

yes

86:31

because of that exact quote really

86:33

because of that exact quote and i was

86:34

like chatting with my doctor and i was

86:36

like do you think this meeting she's

86:38

like i thought that for a while james

86:40

quite possibly so yeah i'm working with

86:42

a specialist at the moment to see if

86:43

there's a

86:44

diagnosis there or not but it's

86:45

something where something we're looking

86:47

at but based on that exact quote which

86:48

is very spooky that you're editing well

86:50

it's because you you said about social

86:52

cues start the conversation and then i

86:54

had seen him say that and i'm putting

86:56

two and two together

86:58

and generally you know when i'm

86:59

generally when i was reading about all

87:00

the bbc stuff and all the the um a lot

87:03

of the sort of accusations and

87:04

allegations

87:06

much of it felt like sometimes you would

87:09

stare at people and you'd be a bit

87:11

socially awkward yeah yeah so and and

87:13

and that can be

87:15

for a lot of people you know i mean i'm

87:16

saying this is part of it that can be

87:18

quite intimidating yeah

87:20

and so look when i was reading through

87:21

the feedback about people being fearful

87:22

and stuff i'm not saying it was because

87:24

but i and putting all these pieces

87:25

together just going well

87:27

empathy social cues

87:30

you know i definitely need to do better

87:32

than empathy a hundred percent and

87:35

it's kind of one of the learnings as

87:36

well that i've been so focused

87:38

that i was like well

87:40

don't need any empathy because it just

87:42

takes up mental capital that needs to be

87:44

determined resilient driving forward

87:47

hitting this objective going for the

87:48

next goal and i think some of the issues

87:50

we've had in the past has been because

87:51

of that and this whole thing is a

87:52

learning this whole thing is a journey i

87:54

think i've reflected and learned more

87:56

than i have in my entire life over the

87:58

last 12 months which i think we had to

88:00

do inside the feedback and one of the

88:02

things i'm definitely working on at the

88:03

moment is how can i be more empathetic

88:06

empathetic as a leader and i think

88:07

that'll make me a better leader did you

88:08

never get that feedback before before

88:10

that article came out that article came

88:11

out last year right i think i got it but

88:13

i just chose i did what i did with a lot

88:16

of feedback which was chose to ignore it

88:19

and just keep going so it's only when

88:20

you stop and pause and reflect a little

88:22

bit that you look at feedback in a

88:24

slightly different way

88:26

all of this is painful yeah this whole

88:28

process is painful this the the the

88:30

letter that came out from punks with

88:31

purpose the bbc stuff all of it's

88:32

painful

88:34

but um

88:35

there is a silver lining

88:37

i'm sure because there's always a silver

88:38

lining

88:40

what is the silver lining the silver

88:42

lining is the can the last 12 months is

88:45

a phenomenal opportunity for us as a

88:47

business us as an employer me as a

88:49

person me as a leader to get better

88:52

and

88:54

i think we'll look back in a few years

88:56

time and as tough as it's been we'll be

88:57

grateful that we received that feedback

88:59

and we took that time to pause

89:01

reflect and learn and make changes we've

89:03

made more changes in the last 12 months

89:05

we've perhaps done in the history of the

89:06

company i've made more changes my own

89:08

leadership style than i have in

89:10

in the kind of history of the company

89:11

the last 12 months as well so i think

89:12

the silver lining is as tough as this is

89:16

this is an opportunity for us to

89:18

double down on what we value as a

89:20

company for us to work closer with the

89:23

fantastic team members we've got all

89:24

over the planet and for us to build

89:26

something together with them where

89:28

they're incentivized engaged rewarded

89:32

motivated played a key part in the

89:33

decisions and how we're building things

89:35

as well

89:36

and as tough as it's been and as hard as

89:37

it's been and it has been it's been hard

89:40

i think we are better long term because

89:43

of that and that's what we're focused on

89:44

doing

89:46

anxiety

89:47

interesting topic i talk about a lot

89:49

here i've experienced it myself

89:50

my anxiety was it has been worse

89:54

and hardest to control yeah or diffuse

89:58

with media related things yes

90:01

so

90:03

yeah

90:04

so tell me about your experience with

90:05

anxiety

90:06

and and when it's been hardest and give

90:07

me some give me an honest view of what

90:10

when i use the word hard

90:12

what what what that looks like

90:13

practically for you

90:15

well kind of going through the last few

90:16

years i've had hyper vigilance i've had

90:19

anxiety just when you're constantly on

90:21

alert yeah yeah so you're connected

90:23

jammed it jammed in can a fight fight or

90:25

fly and it's just been like from a

90:27

business perspective it's been really

90:28

tough from a personal perspective it's

90:29

been tough as well so that's been uh

90:32

that's been a challenge and

90:34

it just when you when you feel like

90:36

you're under attack

90:37

and like we felt like we've been under

90:39

siege

90:40

for large parts the last couple of years

90:43

um and some of that has been with things

90:44

which are understood as well which just

90:46

kind of makes those kind of blows kind

90:47

of land land tougher so you just kind of

90:49

feel your body kind of

90:50

convulsing with the cortisol and you

90:52

just feel yourself getting an edge and

90:54

when you're in that state you've got

90:56

i've got to get myself back and even

90:57

kill because i don't make my best

90:58

decisions i'm not the best leader at

91:00

that time so how can i calm myself down

91:03

i'll work on a few breathing exercises

91:06

death work is is really good so i

91:08

usually do a daily breath work practice

91:11

which i think is really key as well and

91:12

i think

91:13

overall as a society we're trending

91:15

towards being more anxious and i think

91:17

our relationship with social media our

91:18

relationship with technology which is

91:20

why monitoring how many minutes i spend

91:21

on my phone each day is very very

91:23

important but i think

91:24

the amount of anxiety we're seeing as a

91:26

site in a society today is so much

91:28

higher than it would have been 10 20

91:30

20 years ago and

91:32

as a company

91:33

going through these challenging times as

91:35

well we've put in mental health first

91:37

aiders who go on a mental health first

91:38

aid course we've got a huge amount of

91:40

trust in business as well so 90s 90

91:42

yeah 90 90 across the business is

91:44

starting to speak about it far more as a

91:46

business and they just think with

91:48

lockdown with covered with everything

91:49

like the impact on people's mental

91:51

health and i'm glad people are talking

91:52

about it more

91:54

is a challenge i think the more people

91:56

talk about it there's less of a stigma

91:58

and there's kind of more openness about

91:59

okay these things help with with the

92:01

mental health side of things did you

92:02

used to think like i did that ceos

92:04

weren't meant to talk about it

92:06

yeah but i mean that quote that i shared

92:08

with you it's like the first rule of ceo

92:10

psychological meltdown is not to speak

92:11

about ceo psychological meltdown don't

92:13

let people know it's tough don't let

92:14

people know it's difficult

92:16

suck it up buttercup and just get on

92:18

with it which works for a certain amount

92:20

of time

92:22

it's definitely got a shelf life on it

92:23

as well as a philosophy kovid was one of

92:24

those moments where that really flipped

92:27

where in fact the way that you brought

92:29

people along with you was by letting i i

92:31

saw this really big shift in and letting

92:33

them know that you were feeling it too

92:34

and in fact one of the most trust

92:35

building things for teams was to turn to

92:36

your team and go listen this is really

92:39

tough and i'm scared and it's difficult

92:41

for me and i'm feeling it too and i

92:42

think that that's a big that was a

92:44

critical moment where i learned the

92:46

importance of transparency with my team

92:48

not just

92:49

business transparency but personal

92:50

transparency

92:51

and and how useful that was in letting

92:54

them know that we're in this together i

92:56

guess as well so it's nice to

92:58

hear you say that because to talk about

93:00

your own struggles with that yeah have

93:01

you have you ever been to therapy or had

93:03

any sort of medical support yeah i got a

93:05

therapy yeah

93:07

i do when did you start

93:08

um i actually started when i separated

93:11

from my ex-wife right um to kind of help

93:14

us through that transition and help us

93:15

be the best co-parents we could

93:17

to our two amazing

93:19

little daughters through that and

93:21

i've continued going because i just

93:22

think it's it's really useful and just

93:23

kind of back to being a ceo is lonely

93:28

and the tendency is okay let's just

93:29

bottle all this stuff and let's keep

93:31

going with it

93:32

i think i can be a better leader if i've

93:33

got someone to talk to you about those

93:35

things

93:36

a way to work through the difficult

93:38

challenge and emotions means that i can

93:39

take the best version of myself to work

93:41

every single day be the best leader i

93:43

can and i owe it to my team to be to be

93:45

the best leader i can be what has

93:47

therapy done for you in terms of um so

93:50

that's the sounding board component but

93:51

is there like practical sort of

93:53

mechanisms or advice that you've

93:54

garnered from therapy or just an

93:56

understanding of yourself i guess more

93:57

than anything because i think it's just

93:59

an understanding of myself so

94:01

um i actually did

94:03

last year five days of intensive therapy

94:05

in the in the woods outside of nashville

94:08

yes i was living i was living in a

94:10

little hut for for five days and kind of

94:12

doing an

94:13

intensive course and i think it's just

94:15

it's so useful and urge everyone to do

94:17

that but the more you can understand

94:20

how you're put together as a human and

94:23

so much of that is like the things that

94:24

happen in your early life how that

94:27

informs the filters you use to see the

94:29

world

94:30

means you can understand your behavior

94:32

and means you can avoid default patterns

94:35

which are which are not helping you so i

94:37

would have

94:38

default patterns which i would just fall

94:40

into subconsciously which didn't help me

94:42

so now i understand okay i think this

94:44

way because these things happen this is

94:46

how i view the world usually this is how

94:48

i can put a better perspective on it

94:50

this is how i can then react better in

94:52

certain situations as a force as opposed

94:54

to following default patterns which

94:55

maybe didn't help me a busy person like

94:57

you yeah why would you what inspired you

95:00

to go and take five days out of your

95:02

very focused very relentless lifestyle

95:04

and go and sit in a forest with a

95:05

therapist two very simple reasons i want

95:08

to be

95:09

the best

95:10

dad that i can to my two amazing little

95:12

daughters and i want to be the best

95:15

leader i can to the amazing people that

95:17

work in the business and i felt okay

95:20

the more i can

95:22

understand myself the better i can do in

95:25

those two things so i did it as much for

95:26

my daughters my team as i did it for

95:27

myself that's why i did it when we look

95:29

ahead at your future with brew dog and

95:31

yourself

95:32

um lots of grand plans the business is

95:34

growing exceptionally quick in the us

95:36

there's some

95:37

pretty startling stats about the

95:38

meteoric rise of breeding across the

95:40

united states you're opening this

95:41

massive you shut down las vegas strip

95:43

the other day yeah

95:45

craning something in yes it was the sign

95:47

for the top of the building okay that's

95:48

really ridiculous

95:51

but

95:51

the growth in u.s has been crazy crazy

95:54

crazy

95:55

um what is i mean you've told me about

95:57

where you want to get to in terms of the

95:59

industry but like on a practical level

96:00

what is next for brewdog what should i

96:02

expect of someone looking in from the

96:04

outside

96:05

you should expect us to focus

96:08

even more in the three most important

96:10

things in our business and that is

96:11

sustainability that is people and that

96:14

is beer so tell me about that

96:15

sustainability point because you are the

96:17

first

96:18

carbon negative

96:19

beer business in the world yes so we

96:22

thought we were doing our bit for the

96:23

planet we thought we were doing a bit

96:25

for sustainability

96:27

and i was fortunate enough to have

96:28

dinner with sir david

96:30

and it was just before lockdown it was

96:32

in february of 2020 and i was just hit

96:34

with a blindingly stark realization we

96:37

are not doing nearly enough and we are a

96:38

part of the problem and the problem is

96:40

way more severe than the night than i

96:42

thought the problem was so after we'd

96:44

stabilized our business in the middle of

96:46

a pandemic we completely pivoted and we

96:48

thought okay we're going to put

96:50

everything on the line for what we

96:51

believe in here so we found an amazing

96:53

expert we worked hand-in-hand with

96:55

professor mike berners-lee one of the

96:57

world's best sustainability experts and

96:59

he's been our lead scientific advisor

97:01

ever since and i think it's so important

97:03

to do that mood i made so many mistakes

97:04

in our sustainability journey if we

97:06

hadn't had his help but we decided even

97:09

though it's the middle of a pandemic

97:11

from a sustainability perspective huge

97:12

change is needed today not in 2040 not

97:15

in 2050 not in 2030 huge changes needed

97:18

today and we want to hopefully set a new

97:20

standard when it comes to sustainability

97:22

so we became the world's first carbon

97:24

negative beer business that means we

97:26

take twice as much carbon out of the air

97:29

every single year that we emit that

97:31

includes all the carbon in our supply

97:32

chain we publish a report every six

97:34

months it's fully transparent this is

97:36

the carbon footprint of our business

97:38

this is how it's broken down and this is

97:40

how we've then helped take that carbon

97:42

out of the air we've made huge

97:44

investments across our business and

97:45

becoming more sustainable we recently

97:47

invested 12 million in a bio energy

97:49

facility that came online last week in

97:51

ellen and this is amazing so it takes

97:53

our waste water and it turns our waste

97:55

water into water we can use again and

97:58

biomethane green gas that we can use to

98:00

power our system so our system is now

98:02

fully powered by green gas that comes

98:04

from our waste also reduces our water

98:07

usage and then we're also able to use

98:08

that green gas to use in vehicles which

98:10

transport our beer as well which we're

98:12

moving into so huge investments to

98:14

reduce our footprint but we also wanted

98:16

to take ownership of the problem

98:17

ourselves so our carbon is our problem

98:19

let's do something ourselves so we

98:21

bought nine and a half thousand acres in

98:23

the scottish highlands a huge chunk of

98:25

land where we're creating the lost

98:27

forest so we're planting millions of

98:29

trees to create this beautiful native

98:32

broad leaf woodland and habitat rewild a

98:34

huge part of scotland restore peatlands

98:36

that's going to help take carbon out of

98:38

the air and we're causing this carbon to

98:40

go into the air ourselves so we wanted

98:42

to be responsible for taking it out

98:44

and it's been a crazy journey over the

98:46

last couple of years we've changed

98:48

everything about our business we've put

98:49

our money

98:50

where their heart is in this one it's a

98:53

huge gamble but we fully believe that

98:55

the only way we're going to get

98:57

out of the climate crisis we're in at

98:59

the moment is

99:00

businesses so we think governments and

99:03

politicians are incapable of making the

99:05

change that needs to be made because the

99:07

time skills they work on is just too

99:08

long for the pain that we need to take

99:10

short term so to get us out of the

99:12

climate crisis i think it's the best

99:14

businesses working hand in hand with

99:15

scientists to put things in place and i

99:17

think when it comes to members of the

99:18

public as well they can almost have more

99:20

of an impact when it comes to

99:22

sustainability with how they spend their

99:23

money than how they vote so it's making

99:25

sure that our community are engaged and

99:27

excited and coming the sustainability

99:28

journey with us but the three pillars of

99:31

our business for today and going forward

99:33

sustainability looking after people the

99:35

best we can and making the best beers

99:37

that we can

99:38

one of the the allegations obviously was

99:39

about the lost forest in the bbc report

99:41

took some time

99:43

it was yeah they said that it would it

99:44

was taking too long essentially to

99:47

it was it was publicized but then a

99:48

couple years later hadn't been built yet

99:50

so just to give you a chance to respond

99:51

to that yeah and i think that's typical

99:53

of how disingenuous some of the bbc's

99:56

claims were the only the singles reason

99:58

we hadn't started planting trees is we

100:00

hadn't received the consent that we

100:02

needed to start planting trees so we had

100:04

to do environmental studies we had to

100:06

apply for permission to the scottish

100:08

foreign commission we were given that

100:09

plan in consent last week we're starting

100:12

planting in august exciting you've built

100:14

a tremendous um

100:16

tremendous business in terms of scale

100:17

and product and your customers love what

100:19

you're doing you've built that cult yeah

100:21

in your customer base one of the pieces

100:23

of advice you gave i believe it was in

100:24

your book which i thought was really

100:27

underrated

100:29

was about

100:30

finance

100:32

and i i sit there in the den and i

100:33

reflect on how i [ __ ] up many times in

100:35

my own business and i think i just wish

100:36

someone had said that to me when i was

100:38

20 years old your point about finance to

100:41

quote you directly because i wrote it

100:42

down you said um here goes this is the

100:45

single most important piece of advice in

100:47

this book

100:48

understand an understanding of finance

100:49

essentially

100:51

why is that the sing

100:53

through all your experience why did you

100:54

choose that as the single most important

100:56

piece of advice and tell me your journey

100:58

with finance

100:59

it's the least fun it's the least

101:02

interesting it's perhaps the least sexy

101:04

bit of your business when you've got a

101:05

startup so therefore it's the most

101:06

likely to be ignored but for me

101:09

finance is

101:11

the language of business

101:13

it's the score keeping system of

101:14

business so if you can't keep score how

101:16

do you know how your business is is

101:19

doing and it's something that so many

101:20

small business owners entrepreneurs just

101:22

ignore and that is the seed of their

101:26

downfall

101:27

and like everything else when we set up

101:28

the business i mean we like to think

101:30

we're punk and that we've got the same

101:32

diy

101:34

approach so we had to learn the skills

101:36

we needed to exist outside the system to

101:38

be able to beat the system learn the

101:40

skills you need to

101:41

succeed yourself so you can you can be

101:44

self-supporting and you don't have to

101:46

depend on anyone for anything which is

101:48

really important for your startup so it

101:49

was just

101:50

self-taught but we had to self-teach

101:52

ourselves how to generate barcodes how

101:55

to do the paperwork for international

101:57

customs for shipping beer to

101:59

america

102:00

how to set up an online accounting

102:02

platform for that for the business

102:04

we had we had no money like outsourcing

102:07

any of these things simply wasn't an

102:08

option when you've got

102:11

200 pounds in the bank account so for

102:12

the first eight or nine years the

102:15

business

102:16

we were teaching on the edge of

102:18

financial oblivion

102:19

almost every single day and my view was

102:22

if we're not then we're not pushing the

102:24

resources we have hard enough because

102:26

we've got to be pushing we've got to be

102:28

stretching

102:29

but it also means you've got to be

102:32

very considered with how you use your

102:34

money with what you're investing can we

102:36

find a way to do this cheaper faster

102:37

better can we do this ourselves if so

102:39

let's do it ourselves and not spend that

102:40

money there's a really important lesson

102:41

in that which i also learned um which

102:44

was when you're broke

102:45

you're forced

102:46

especially the social chain was born out

102:48

of me being broke at my first startup

102:50

and realizing that i could no longer pay

102:52

for conventional ads in a newspaper and

102:54

i was gonna have to think of something

102:55

else because i was forced to in your

102:58

situation

102:59

you were forced to learn finance and the

103:02

fundamentals of business and you were

103:03

forced to make your marketing dollar go

103:05

further with more radical unconventional

103:07

ideas and it's funny that that's

103:09

actually been a tremendous blessing

103:11

there's a lesson in that for teams in

103:12

business

103:13

about how to break through disrupt and

103:15

also how to just develop yourself as an

103:16

entrepreneur

103:17

absolutely and that comes back to a key

103:20

fundamental part of our approach which

103:22

is love a constraint so most people look

103:25

at a constraint and see it as a limiting

103:27

factor

103:28

if you do that you've lost the game

103:29

before you even start you've got to look

103:31

at a constraint as a

103:33

potentially beautiful catalytic force

103:36

that allows you to find a better way to

103:39

do something so our business has all

103:41

been about constraints but our

103:42

philosophy with a constraint is okay

103:44

well we can't do this a normal way how

103:46

can we find a better way a new way to do

103:48

that and that's where equity punks came

103:50

from that's where given a where beer

103:52

recipes came from that's where learning

103:54

the skills that we needed to succeed

103:56

ourselves and doing so many things

103:57

in-house came from it's by looking at a

103:59

constraint and using that okay

104:02

this constraint is here let's make it

104:04

beautiful

104:05

by using it as a tool to force us to

104:08

think differently come at this from a

104:09

different angle and to hopefully find a

104:11

better way to do something and you've

104:12

said in your book in multiple times that

104:14

you don't advise young startups to

104:16

outsource things to agencies even if

104:19

they have the cash yeah

104:20

because of that very reason yeah we talk

104:22

about this a lot in the den so it's

104:23

really front of mind for me at the

104:24

moment because all these businesses are

104:26

walking into the den and saying um

104:29

i've got i want your 50k steve because

104:31

i'm gonna

104:32

give it to a marketing agency and i sit

104:34

in my chat and go [ __ ]

104:36

i'm gonna keep the money in my pocket

104:38

thank you yeah

104:39

that's for me that i'm out if you say

104:41

that um i always give them the advice

104:43

and tell them why i go because when

104:45

you're super early in the business and

104:46

i'm sure this is similar to your

104:47

rationale super early in the business

104:49

you want to be as close to the data as

104:50

possible in the insights and the know

104:51

how the knowledge and what's going to

104:53

happen when it when they spend the 50k

104:55

and it didn't work they'll blame the

104:56

product and you

104:58

they will never take credit for the

105:00

digit show and of course they're

105:01

incentivized to over

105:03

sell

105:04

all of these but to get your take on

105:06

that why do you not outsource things

105:07

when you're in that even if you had the

105:09

cash

105:10

why shouldn't i outsource things so our

105:12

view was even if we outsource things

105:14

from early the partner is never going to

105:16

care as much as you care they're not

105:18

going to know your business your

105:19

customer as much as you do they're not

105:20

going to be fully aligned in terms of

105:22

incentives with what you're trying to do

105:24

so

105:25

also

105:26

back to that philosophy of would or

105:28

could another company do this

105:30

if you outsource things you're going to

105:32

get solutions you're going to get

105:33

answers that other companies would do so

105:35

the more of that you can do internally

105:37

still use partners for execution for

105:38

reach for bits and pieces but with us

105:40

the more that we can do generate

105:42

internally is get br2 and a voice it's

105:44

going to be our mission it's going to be

105:45

our passion and we think that makes it

105:46

more authentic and we think that means

105:48

it's going to resonate better with

105:50

customers which a lot of our marketing

105:51

has done in the past you probably know

105:53

we have a closing tradition on this

105:54

podcast where the last guest asks a

105:56

question for the next guests yeah this

105:58

guest this person has written you a

105:59

question which i have not read yet and

106:01

they don't have great handwriting so

106:02

okay um

106:04

i think that says do

106:05

do you think your younger self would be

106:08

proud

106:09

look up to you now question mark

106:13

oh good question we're going deep i

106:15

thought we're like finished with a deep

106:16

question

106:18

have you listened before

106:22

i think your younger self would be proud

106:24

look up to you now

106:26

i think so yes i do

106:28

i do and

106:31

like maybe even more demons when i was

106:32

younger so to

106:34

to kind of see that i've been able to

106:36

to build something and and achieve

106:39

something and

106:40

see that i've got like lucky enough to

106:41

have two fantastic amazing little

106:43

darters and stuff so i think my younger

106:44

self would be would be happy which if

106:46

i've done

106:48

thank you

106:50

um

106:50

not easy not easy coming here

106:53

[Laughter]

106:58

it is what it is and thank you for all

107:00

of that and i hope you've enjoyed it

107:03

quick one as you might know crafted one

107:05

of the sponsors of this podcast and they

107:06

make really meaningful pieces of

107:09

jewellery this lion piece they've made i

107:11

wear all the time along with the little

107:13

timepiece the sand timer that i wear

107:15

often and the lion piece you might have

107:17

seen conor mcgregor has a similar piece

107:18

which was custom made for him for me it

107:21

represents courage and if you walk

107:24

through my house the house that i'm in

107:25

right now if you walk six feet in that

107:28

direction you'll see a huge lion

107:30

portrait if you go upstairs you'll see a

107:32

lion portrait if you look behind me on

107:34

the shelf near the top there you'll see

107:35

a line as well the reason my house and

107:37

my life is surrounded by lions is

107:39

because they represent courage

107:41

calmness and that tenacity that i've

107:43

applied to my business success to my

107:45

professional life into everything in

107:46

between for me the lion has always been

107:48

an animal that can be almost a bit of a

107:50

contradiction they are so loving and so

107:52

caring of their own and can be powerful

107:55

and courageous when necessary in order

107:58

to achieve what they want to achieve so

107:59

if you like me are a big fan of courage

108:02

bravery ambition while also being

108:04

calm and composed check out this line

108:06

piece and let me know if you get it my

108:07

girlfriend came upstairs yesterday when

108:09

i was having a shower and she said to me

108:10

that she tried the heel protein shake

108:12

which lives on my fridge over there and

108:13

she said it's amazing low calories you

108:15

get your 20 odd grams of protein you get

108:18

your 26 vitamins and minerals and it's

108:19

nutritionally complete in the protein

108:21

space there's lots of things but it's

108:22

hard to find something that is nice

108:25

especially when consumed just with water

108:27

and that is nutritionally complete and

108:29

that has about 100 calories in total

108:32

while also giving you your 20 grams of

108:34

protein

108:35

if you haven't tried the cured protein

108:37

product do give it a try the salted

108:39

caramel one if you put some ice cubes in

108:42

it and you put it in a blender and you

108:44

try it is as good as pretty much any

108:47

milkshake on the market just mixed with

108:49

water it's been a game changer for me

108:51

because i'm trying to drop my calorie

108:52

intake and i'm trying to be a little bit

108:54

more healthy with my diet so this is

108:56

where heel fits in my life thank you for

108:58

making a product that i actually like

108:59

the salted caramel is my favorite i've

109:01

got the banana one here which is the one

109:02

my girlfriend likes but for me salted

109:04

caramel is

109:06

the one

109:08

[Music]

109:14

oh

109:15

[Music]

109:21

[Music]

109:31

you

Interactive Summary

This video features an in-depth interview with James Watt, the co-founder of BrewDog. He discusses his journey from a fishing village in Scotland to building a global beer company, touching upon his upbringing, early business struggles, and the unconventional, provocative marketing strategies that helped BrewDog stand out. Watt also addresses recent controversies, including allegations regarding the company's workplace culture, and details his own evolution as a leader, emphasizing a move toward radical transparency, employee ownership through profit sharing, and his commitment to sustainability.

Suggested questions

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