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The "Ben & Jerry's" of Peanut Butter | Noah Fisher Interview

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The "Ben & Jerry's" of Peanut Butter | Noah Fisher Interview

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1085 segments

0:00

We must bring

0:02

>> I'm I'm eating a pretzel.

0:03

>> snacking. You got the pretzels ready.

0:05

>> Yeah, the horchata chip is crazy to me.

0:08

>> I know. I know it's good. I mean, I can

0:10

only imagine cuz I haven't had it.

0:11

>> It's so good.

0:12

>> I've been very much enjoying the

0:14

s'mores. My entire family is a fan of

0:18

the s'mores flavor and more. We must

0:20

bring the one and only Noah Fisher,

0:22

co-founder. Oh gosh, Jack. Jack, come

0:26

on. Jack.

0:28

Our live studio audience wasn't quite

0:30

ready.

0:30

>> I was a little early.

0:32

>> Producer Jack.

0:32

>> A little early?

0:33

>> A little little a little early. We must

0:36

bring the one and only Noah Fisher,

0:38

co-founder and CEO of Backyard Peanut

0:41

Butter inside of this show. A co-founder

0:43

alongside the one and only Helen Mou,

0:46

who we met at Shopify. Introduced to

0:49

there, she is building out the retail

0:52

experience forever and ever, amen, over

0:56

at Shopify. We must bring the one and

0:58

only Noah inside of the show. Everybody

0:59

welcome the one and only Noah Fisher.

1:01

>> Co-founder and CEO of Backyard

1:03

Get in here, Noah.

1:04

Get inside this show.

1:06

>> How's it going, guys?

1:08

>> Dude.

1:09

>> I mean, even better now. It's even

1:11

better now, Noah.

1:12

>> No more boring Fridays.

1:14

>> No more boring Fridays.

1:14

>> We're We're going to do this now. We're

1:16

going to make this close out on a

1:17

Friday. Have some fun here. Really

1:20

excited to be with you guys.

1:21

>> Man, hey, welcome to the show, Noah.

1:24

We're so excited for you.

1:25

>> I'm excited to be here. You know, you

1:27

just mentioned it, but I I was getting

1:29

some flack in the family because I'm the

1:31

second member of the family to join the

1:33

show. So, I don't get to claim that I

1:35

was I was the first.

1:36

>> Damn.

1:37

>> But that's all right.

1:39

That's all right.

1:39

>> You know, we just we got you as soon as

1:41

we could, Noah.

1:42

>> Yeah. I know. You know, I can't win them

1:44

all. So, I'm I'm grateful for the

1:45

opportunity even if even if I follow in

1:48

my wonderful wife's footsteps here.

1:50

>> Brother, you've got to tell us You've

1:52

got to tell us about the origin story of

1:55

maximalist peanut butter. This is such

1:58

an interesting concept for me and I

2:01

think you I think you guys are doing

2:03

something unique in in the marketplace.

2:05

Tell me about this.

2:07

>> Yeah, yeah. So, we were sitting in our

2:08

backyard, which is where the name came

2:10

from, eating peanut butter and jelly.

2:12

And we said, "Man, peanut butter is

2:15

really boring. To change your sandwich,

2:17

you're always changing the other thing

2:18

that's with it. The jam, the fluff, the

2:20

Nutella." It's like, "What if you just

2:22

could change the peanut butter?" And we

2:24

started riffing, me and Helen, and it

2:25

was like

2:27

give or take 50% of what you see today,

2:29

we created in that sort of initial riff

2:32

session sitting in our backyard. Um

2:35

which was super cool, right? To be able

2:36

to start this together. I get to do it

2:38

full-time.

2:40

She still has her Shopify gig, as you

2:42

guys know.

2:43

Um but, super cool. And the concept of

2:45

maximalism started and is really biggest

2:47

in interior design, of which neither of

2:50

us have a background in. But,

2:52

it's to to to state the obvious, it's

2:55

the opposite of minimalism. And we saw a

2:57

world where everything was shifting

3:00

super minimalist. And we were like,

3:02

"What if we go the other direction? And

3:04

what if we try this concept of

3:06

maximalism?" So, like, more is more, but

3:08

there's an intentionality behind

3:10

everything. So, we're not just dumping a

3:11

whole bunch of stuff into our peanut

3:12

butter, but there's a lot of thought and

3:14

reasons and the and complexity in the

3:16

ingredients. But, really just trying to

3:18

bring some more fun and excitement to a

3:20

category that, you know, is beloved

3:22

everywhere. I mean, it's why our tagline

3:24

is "No More Boring Peanut Butter." And

3:26

why we adapted it, as I said today, to

3:28

have no more boring Friday afternoons.

3:31

>> Let's go.

3:32

>> No, I I got to know. I got to know. This

3:35

is going to be This is going to be a

3:36

rough question, and we can work through

3:38

it.

3:39

What's your favorite flavor? Because

3:40

right now, this horchata chip crisp is

3:45

This is I've been al- almost done this

3:46

one. I have crushed this one in like

3:49

>> Yeah.

3:49

>> in like a a half a day time period. It

3:52

is addicting. I know you got to be

3:54

>> The s'mores. That's that's chocolate.

3:57

>> You got to have the chocolate.

3:59

>> I've been crushing that, too.

4:02

>> This is my favorite favorite part

4:03

because you guys asked me that question,

4:05

and then you all started naming yours

4:06

before I had a chance, right? And it's

4:08

just like, what we're trying to build

4:10

here is this excitement around peanut

4:12

butter.

4:13

And people are like, this is my

4:14

favorite. But wait, actually, I love

4:16

this one when I'm doing that. And that's

4:18

really what we're trying to do. So,

4:20

Khan, I will answer your question. I'm

4:21

not trying to to avoid it.

4:24

I will say I love them all. I eat them

4:26

all every day. I actually brought I'm

4:29

going to go on this journey with you

4:30

guys. I brought them here. So, I'm going

4:32

to do it as well. I got my spoon. But

4:35

if it's a you know, it's to give a

4:37

little bit of a hint, right? Like, can I

4:39

can I stand up here? This one here.

4:42

That one right there.

4:44

>> Is that Is that buffalo?

4:47

>> You like the buffalo?

4:49

>> Let's go.

4:50

>> OH.

4:51

>> LET'S GO. BUFFALO.

4:53

>> SO, buffalo buffalo was a labor of love

4:56

creating that recipe. I've been a a

4:59

vegetarian now going on 20 years. The

5:02

hardest thing for me to give up were

5:03

buffalo wings. Yeah. And so, I'll do

5:05

buffalo flavored anything, literally

5:08

anything. And when we started this, I

5:10

was like, I'm going to figure out how to

5:11

do it with peanut butter. And

5:14

it took some time, but we got there. And

5:16

it's got one of the more I would say

5:18

unique lines up of use cases. And that's

5:22

one of the vectors in which we're trying

5:23

to build this maximalist. One is colors,

5:26

one is flavors, and and the last one is

5:29

use cases. So, buffalo is a blast. You

5:31

can use it on peanut noodles, chicken

5:33

sandwiches, burgers, cheese, grilled

5:35

cheese. So, it's like

5:37

it helps among some of the other ones,

5:39

but like it helps people understand what

5:42

we're trying to do and that we're

5:44

different than what they either see in

5:46

the market today or may have experienced

5:48

in the past.

5:49

>> Okay, Noah, talk to me about this like

5:52

vegetarian angle here because I think

5:55

this is really smart and and like serves

5:58

this sector of which now you have lived

6:01

for 20-ish years.

6:03

>> Yeah.

6:04

>> Um you know, and when I first saw

6:05

buffalo and when I first started

6:08

thinking about like the different um

6:10

types of food that you could include it

6:12

in. You know, usually in the American

6:15

mind, like peanut butter is associated

6:17

with sweet and sweet alone. It's like

6:19

peanut butter and chocolate, peanut

6:20

butter and jelly, peanut butter and

6:22

insert, you know, marshmallow. It's like

6:24

some kind of sweet type thing. But the

6:28

the capabilities that you brought here

6:29

with dill pickle, um with the buffalo,

6:32

with the everything bagel, you know, it

6:34

like it like brings it into a whole

6:35

another ballpark.

6:37

Like talk to me about this.

6:39

>> Yeah, so you nailed it on the head. Like

6:41

we started creating flavors and I was

6:43

thinking like, what do people already

6:45

put with peanut butter? And let me see

6:46

if I can get it all in the one jar and

6:48

sort of eliminate some of those steps.

6:51

As you said, Chris, like a lot of that

6:52

is chocolate. And as we started testing

6:56

this with consumers and we're happy to

6:58

chat about that if we have time, but

6:59

like we took a very uh it's embarrassing

7:02

to say this, but like we took a very

7:03

tech approach to this and we were like

7:05

MVPs. Like let's get this out in the

7:07

market. We had the same label on every

7:10

flavor because we're like, we don't know

7:12

which ones are going to be winners, so I

7:13

don't want to invest in labels.

7:15

>> Here we go.

7:16

>> And so we went to to market initially

7:19

with a lot of chocolate flavors. And I

7:21

learned pretty quickly people come to

7:23

the table with the preconceived

7:26

understanding of peanut butter and

7:28

chocolate, whether it's a Reese's peanut

7:30

butter cup or ice cream, whatever it may

7:32

be.

7:33

And if it doesn't taste just like that,

7:35

they're like, yeah, I don't really know

7:36

about this. So we actually paired back a

7:39

lot of our chocolate flavors and then

7:41

we've had a lot of success. I mean,

7:43

s'mores is still our number one seller,

7:45

super approachable, people get it. But

7:47

the savory ones that you just mentioned,

7:49

right? So, the dill pickle, the buffalo,

7:51

the everything bagel, like they have

7:53

really started to grow for us, and we're

7:56

getting a lot of consumer excitement

7:58

around those. And again, it helps

8:01

really demonstrate that what we're doing

8:03

is different than what's out there. Um a

8:06

ton of consumer education's required. I

8:08

mean, I've got a CPG background, talked

8:11

to consumers for my entire career. I

8:13

still was not prepared for the amount of

8:15

education that's required with what

8:17

we're trying to do with Backyard and how

8:18

to use it. But it's also one of my sort

8:21

of parts that I love the most about what

8:23

I get to do on a day-to-day basis.

8:25

>> I find that interesting.

8:28

Noah, what is the hardest part about

8:30

getting someone to switch over after

8:32

they have they know that same peanut

8:34

butter jar for 20 years? It's either a

8:36

creamy or a crunchy peanut butter. What

8:37

is that hardest part to get them to pull

8:40

over and try something else?

8:42

>> Yeah, the the funniest thing is like

8:43

when we go to consumer events, and we

8:45

were at a hot sauce festival last

8:47

weekend, which was

8:48

>> Let's go.

8:49

>> was our third year there, one of our

8:50

favorite events. It's like our best

8:52

single day event we ever do.

8:54

Um

8:56

And we talked to people there, but like

8:58

any event, it's that person who's

9:00

sitting there is like, "Nah, I'm good. I

9:02

like my plain peanut butter." I'm like,

9:04

"Just try it. Just try one. You pick

9:05

one." We developed a little spinning

9:07

wheel if they were hesitant to pick

9:08

their flavor. I was like, "Just spin the

9:10

wheel, and you can try

9:12

a hot sauce."

9:15

Cuz you get a lot of folks that are

9:16

like, "Nah, I'm good. I like my plain

9:17

peanut butter." You're like, "Just try

9:19

it. Just try it."

9:19

>> it.

9:20

>> Um and then they're like, "Oh my

9:22

goodness, this is awesome." And that's

9:23

where we love like getting these live

9:25

reactions from folks.

9:27

Um and it's just it's a great like that

9:30

does the selling for me.

9:33

>> And really what we're doing, like we've

9:35

got a good number of our flavors that

9:38

work in the traditional PB&J is a common

9:40

the horchata crisp goes great.

9:42

>> Oh.

9:42

>> If you can save half the time to stick

9:45

it in a in a

9:46

two pieces of bread versus just going

9:48

out with a spoon.

9:50

The Mexican hot chocolate goes really

9:51

well with raspberry jam just to balance

9:53

the heat in a sandwich.

9:55

But really what

9:57

I've identified and what I'm trying to

10:00

push and and educate as like it's

10:03

incremental, right? Like you can buy

10:05

three of our flavors cuz there's three

10:07

different use cases and you can also buy

10:09

your standard plain peanut butter that

10:11

you have at home. This is going to serve

10:15

sort of that purpose but a lot more. So

10:17

it's giving you that variety in a way

10:20

that we believe smooth and chunky isn't

10:22

giving the variety that folks may or may

10:25

not have realized they need in their

10:27

peanut butter world.

10:29

>> Talk talk to me

10:30

talk to me now about going from the

10:33

Clorox company and giant CPG, okay? It's

10:38

like Hidden Valley Ranch and you know,

10:40

Kingsford and you know, it's like talk

10:43

to me about going from like giant CPG to

10:46

being like nitty-gritty scrappy CPG

10:49

founder. Like what what is that like

10:51

process experience been like for you?

10:54

>> Yeah, mind-blowing in in in a quick

10:57

answer. But I'll say yeah, I spent

10:58

almost eight years marketing and selling

11:01

primarily trash bags and under the Glad

11:03

brand and we under the sort of the

11:06

Clorox umbrella,

11:08

super functional products that nobody

11:10

likes to think about but one of those

11:12

things that was a great training ground

11:14

for me to learn how to market, right? If

11:16

you can get somebody's attention around

11:19

those two products that they don't want

11:20

to think about unless they're having

11:21

some sort of

11:23

disaster in the case of bleach or like

11:26

nobody likes to think about trash. But I

11:28

can talk about days for trash bags back

11:30

in the day uh is a great party trick, by

11:32

the way.

11:33

Um

11:34

But yeah, super big company, like great

11:36

learning ground for me, but at the end

11:38

of the day, I was like, I'm just I'm

11:41

hungry, pun intended, for that ability

11:43

to own the end

11:45

own the end to end, really get in there,

11:48

work on a physical product that I can

11:50

get my hands on was really important for

11:53

me. Um and so we started this out of our

11:56

kitchen, which is actually directly

11:57

above where I'm sitting right now.

11:59

>> Let's go, baby.

12:00

>> Um and that's where the business

12:01

started, and for me it was like, all

12:02

right,

12:03

this is it, right? I had a big team by

12:05

the time I left CorDx. There was things

12:07

that I didn't like to do. I was like,

12:09

yeah, you know, I got somebody else on

12:10

my team to do it. Now it's like, oh,

12:12

that thing didn't get done? I'd have to

12:14

turn and look at myself. So, it was a

12:16

great transition. It's one of those

12:18

things where

12:19

I can never go back to a corporate world

12:22

at this point. Like, I have fully sort

12:25

of drink drank the

12:27

the entrepreneurial Kool-Aid, and uh

12:30

whether this belly's up in a year or

12:32

two, like, I'm I'll find the next thing,

12:35

and because it's just so energizing, the

12:38

ups and the downs, for sure,

12:40

um but it's something that I love, and

12:42

something that I never thought I'd do. I

12:43

mean, I started this full-time when I

12:45

was

12:46

37 or 38 years old, so it's like

12:49

I had to go through all the different

12:50

stops in my career in order to feel

12:53

confident that

12:54

I could do this without falling flat on

12:56

my face on day one.

12:58

>> Wow.

12:58

>> it, man.

12:59

>> I mean, No, do you you know, obviously

13:02

know about like the protein maxing trend

13:04

right now, the protein Like, are you

13:06

guys leaning into that? Because

13:08

inherently peanut butter has a ton of

13:10

protein in it. You guys are loaded up.

13:12

Are you trying to lean into that at all?

13:15

>> Yeah, it's something we haven't gone

13:17

full in yet, but it's it's certainly

13:19

what um to your point is like, it's sort

13:23

of the low-hanging fruit for us at the

13:24

moment. Um and that is really big, that

13:26

is really important. Um, we actually the

13:30

facility that we manufacture out of I

13:33

call it a micro facility that I

13:34

manufacture out of shares a building

13:36

with like a a muscle gym.

13:39

>> To to be kind.

13:41

>> And so it's like I get those folks

13:43

coming in and I I love chatting with

13:44

them cuz they're one super particular

13:46

about what they're consuming

13:48

>> Oh, I bet.

13:48

>> and two super thoughtful about all the

13:52

nutrition facts and the ingredients

13:53

>> 100%.

13:54

>> sort of how to maximize um, in this case

13:57

the protein intake. So, yeah, it's a

13:58

space we really want to lean into harder

14:01

um, and one that we think we got a lot

14:02

of runway with.

14:03

>> It it it uh, the product itself too it's

14:05

like there's no there's no hydrogenated

14:08

oils and such. Is that the case? No.

14:11

>> Yeah, so well so everything starts with

14:12

a natural peanut butter base. So, it's

14:14

peanuts and salt and then depending on

14:15

the flavor we layer in different

14:17

seasonings and mix-ins. And so some of

14:19

those mix-ins are going to come in with

14:20

ingredients that some folks um, are

14:23

choosing not to to consume in that

14:25

moment um,

14:27

or with that specific diet and so across

14:30

the lineup we've got things that are

14:31

going to meet the needs of of just about

14:34

everybody short of a peanut allergy

14:35

obviously um, but we're trying to have

14:37

at least one or two that can meet um,

14:40

what anybody's looking for while at the

14:42

same time

14:44

trying to minimize complexity from our

14:45

operational standpoint and not

14:48

proliferate our flavor lineup um, but

14:51

being really thoughtful about what that

14:52

looks like.

14:53

>> And let me also just say

14:55

it's it's like

14:56

powerful to me that you and Helen are

14:59

like a power couple, you know, she's

15:01

like she's like at Shopify and then like

15:04

we're talking with her and it just kind

15:06

of like

15:07

falls out of their mouth like oh by the

15:09

way, it's like oh yeah, and I'm a

15:10

merchant as well. I was like what?

15:13

Like

15:13

you know, LIKE WHAT ARE YOU A MERCHANT

15:14

OF? And then to find out you guys are

15:16

doing this together I think is uh, is

15:19

really so cool. I I

15:20

>> Yeah.

15:21

>> I I'm I'm like I'm ready to taste Noah,

15:24

but go ahead. What what were you going

15:25

to say?

15:26

>> I was just going to say we we love doing

15:28

it together. I mean we started it on the

15:30

side cuz it was a mix of our

15:32

professional backgrounds. So like before

15:34

I left Clorox we had started this. We

15:36

were going to like random farm events

15:38

and farmers markets just to again do

15:40

this like MVP testing.

15:43

But it's it's great, right? Like we

15:45

build everything off of Shopify. We

15:47

leverage just about anything Shopify has

15:50

on its platform which is phenomenal. We

15:52

like roll into events like this hot

15:54

sauce festival. As you guys know like

15:56

Helen works on the retail team.

15:57

>> Right.

15:57

>> We show up with all these point of sale

15:59

devices and it's like

16:02

our vendor neighbors are looking at us

16:03

like what are you guys doing? We're like

16:05

well we got to test these you know five

16:07

different functions this weekend.

16:10

And so Helen's able to tap into it a lot

16:12

at work.

16:13

And I don't want to speak for her, but

16:15

like there's an element at Shopify. You

16:17

guys know it well, right? There's a

16:19

different level of credibility when you

16:20

are a merchant and you are using it

16:22

yourself.

16:23

Actually transacting with consumers.

16:26

And we get to do that. And then I also

16:28

have a direct line when something's not

16:30

working. I'm like hey, you know I get

16:32

prioritized. I know my you know GMV is

16:35

not at a level where I get direct help,

16:37

but I would like that direct help. So

16:39

it's it's a partnership that works both

16:41

ways.

16:42

>> I love that.

16:43

>> That's incredible.

16:44

>> I I've got

16:47

I've got buffalo here. Your favorite

16:50

Noah. I find it

16:52

fascinating that it's got this like bite

16:55

of spice in here. It really it really

16:58

does. Talk to me about about buffalo.

17:00

What you pair this with? You know, your

17:02

thoughts on this.

17:04

>> Sure. Now I'm eating this so I got to

17:05

talk with peanut butter in my mouth.

17:07

Yeah, it's got crunch in there too.

17:09

>> I shouldn't want you guys to do the

17:10

journey without me.

17:12

>> It's lovely.

17:14

>> Yeah, so the buffalo as I mentioned

17:16

earlier like great with cheese.

17:18

So we have people that put it on

17:20

charcuterie boards. So any sort of cured

17:22

meat as well, cheese,

17:24

celery, carrots, um but you guys

17:27

familiar with the ants on a log snack

17:29

back in the day?

17:30

>> Yeah. Yes.

17:31

>> So we do it with celery, buffalo peanut

17:34

butter, and blue cheese crumbles.

17:39

>> Great.

17:39

>> That sounds awesome.

17:40

>> can bring it to any bring it to any

17:41

holiday party you're going to in the

17:43

winter and you guys will be you know,

17:45

the only one showing up with that. It's

17:46

awesome.

17:47

>> The blue cheese crumbles.

17:48

>> peanut noodles, yeah, peanut noodles you

17:50

can thin it with soy sauce or not.

17:53

Chicken sandwiches, burgers,

17:56

it's it's I put it on like I crust the

17:59

tofu before I put it on our our grill.

18:03

So I love it. Apples, they all go great

18:05

on apples. Just that sort of the

18:07

sweetness and the tang from the apple

18:08

goes really nice.

18:09

>> It's got it totally tastes like it

18:12

tastes like buffalo wings. It tastes

18:14

like buffalo wings. It's got that crunch

18:16

in there. I would imagine this would

18:18

absolutely kick on some noodles. I think

18:21

that would be great.

18:24

The blue cheese ants on a log thing I

18:25

think I I find I find fascinating.

18:28

>> great with Ritz, too.

18:31

A super funky savory

18:33

um oatmeal.

18:35

Fear and I have those really well.

18:36

>> Yeah, what do you got there?

18:38

>> I got a salted caramel pretzel here,

18:40

which is why I pulled out the

18:42

gluten-free pretzels.

18:43

So I'm trying to pair

18:45

>> Oh, you're going to pretzel on pretzel.

18:47

>> Pretzel on pretzel. That is

18:49

that is the definition of maximalist

18:51

right there.

18:52

>> Oh, yeah.

18:52

>> Pretzel on pretzel. I love that.

18:54

>> 100%. Yeah, this is let's see yeah, talk

18:57

to us about the salted caramel pretzel.

18:59

>> Yeah, so this one's this one's fun,

19:01

right? Like it's got we also try to play

19:03

a lot with textures. And so this one

19:05

you're getting a

19:07

Yeah, so you you got the creamy peanut

19:08

butter base and you're getting a chewy

19:11

caramel bite and then the crunchy

19:13

pretzel piece. Um one of the cool things

19:16

that we

19:17

I'll say it's cool from an operational

19:19

standpoint.

19:21

I don't break anything down like in the

19:23

mixing process breaks it down. So like I

19:25

don't mind if a whole pretzel shows up

19:27

in there or if it gets broken into 10

19:29

pieces.

19:30

>> Yeah.

19:32

>> It uh it presents some issues when I'm

19:34

trying to scale and use some larger

19:36

automated machinery, but for the time

19:38

being like it works great for what we

19:40

want. Um

19:42

Yeah and so this one just again the

19:44

texture play. It's another one of those

19:46

flavor profiles that people already

19:49

understand. So it's really approachable.

19:51

Um it's one of our our top sellers. It's

19:53

an online only one that we sell cuz it

19:55

just

19:56

>> Oh.

19:56

>> it does well there. Yeah.

19:58

>> This

19:59

this one and I have to say I like the

20:02

big chunks of things. Yeah. It reminds

20:05

me of

20:06

you know when ice cream you get cookie

20:07

dough and then you get a huge thing of

20:09

cookie dough and it's like Yo, I hit the

20:11

mother lode.

20:12

>> Yeah. Yeah. Yeah. Dig that thing out of

20:14

there. Get it out. Yeah.

20:16

>> It's it's like Ben & Jerry's-esque. You

20:19

know, Ben & Jerry's got the chunks, you

20:21

know.

20:21

>> Just just so everybody knows that's

20:23

watching like I didn't I didn't ask

20:24

Chris to say that, BUT IT IS

20:27

RIGHT LIKE I GET I GET A LOT of

20:29

inspiration from from Ben & Jerry's

20:31

honestly from a branding like I think

20:34

they're they've got a one of one brand,

20:36

right? And there's there's no way you

20:37

can copy what they're doing. Um

20:40

But really like I don't check me on the

20:42

history here, but prior to Ben & Jerry's

20:45

like it was pretty smooth peanut butter.

20:46

Maybe you Excuse me. There we go. Smooth

20:48

ice creams, right? Like you get a little

20:50

bit of chunks of strawberry or chocolate

20:52

chips and they were like, "Hey, sort of

20:54

like hold your Häagen-Dazs. I'm going to

20:56

show you what ice cream can be."

20:57

>> Right.

20:58

>> Um and so I again take a lot of

21:01

inspiration from what they do from a

21:02

flavor development just from like what

21:04

they're putting in ice cream. Um and

21:07

they are

21:08

you know, they don't call it that, but

21:10

they also would take it a maximalist

21:11

approach.

21:12

>> I I totally agree.

21:14

>> You think you're going to borrow that

21:16

kind of like collab piece that they do

21:19

with A great example is they did the Ben

21:21

& Jerry's Tonight Show ice cream. And

21:23

it's like Jimmy Fallon and then Ben &

21:25

Jerry's. Do you think you're going to go

21:26

that pairing where you're trying to tap

21:28

like big influencers, big athletes, and

21:32

then you make this limited run batch,

21:34

but it is like

21:36

only it's going to be

21:38

you know, LeBron James limited run

21:40

batch, only LeBron James favorite

21:42

flavors.

21:43

>> Or Kawhi Leonard, you know, maybe

21:45

Toronto Raptors, you know, Kawhi, I

21:47

don't know.

21:48

>> I was born and raised in Philly, so my

21:51

my picked by LeBron James there. Yeah,

21:54

so LeBron, if you're listening, hit me

21:56

up. We can do a collaboration together.

22:01

Yeah, it's something we'd love to do.

22:02

I've talked to a couple other folks

22:04

in New England. We're based in New

22:06

Hampshire. So, I've got some other

22:08

people in sort of

22:10

adjacent e categories that I think could

22:12

be really interesting to partner with.

22:15

But that that limited run and the sort

22:18

of like the sneaker drop mentality is a

22:20

big thing that we want to do.

22:23

Um

22:24

Also a great way for us to sort of test

22:26

out, right? It's like the the

22:28

big brother version or grown-up version

22:30

of the MVP that we were doing when we

22:32

launched. It's like, "Hey, can I just do

22:35

500 jars straight off our website?

22:37

>> Yeah.

22:38

>> And see how it goes, right? And And if

22:40

it goes well, then we can start to build

22:42

off of that. And if it doesn't, then

22:43

it's fine. There's no love lost. And I

22:45

think that's another great thing for me

22:47

that at the end of the day what gives us

22:50

a little bit of insulation from

22:51

competition is like this brand we're

22:53

building and this concept of maximalism.

22:56

Like I can basically put whatever into

22:58

peanut butter, and it's not going to

23:00

it's going to build the brand up. It's

23:01

not going to degrade it. Right? And it's

23:03

not, you know, it's not like I It's

23:06

built into our DNA that I can take these

23:08

really wild

23:10

sort of flyers on something. And if it

23:12

doesn't taste good, then it doesn't

23:13

taste good, right? Like we can move on

23:14

to the next one cuz it still fits our

23:16

our brand persona, which is super

23:18

exciting for me and and feel like it

23:20

gives a lot of runway. It also is like,

23:23

"Hey, how do I prioritize as a solo

23:25

entrepreneur?" It's a constant

23:27

challenge.

23:28

>> Totally.

23:29

Okay, two The first one that I tried

23:33

when my package came in here. First one

23:35

I tried was dill pickle.

23:37

Which like actually has pickles in it.

23:39

Number one.

23:41

>> Let's go.

23:42

>> I I mean, if you've If anybody's watched

23:44

the show before,

23:46

I'm a fan of pickles. I drink pickle

23:48

juice on the show. I have the gallon

23:49

>> Do you have your gallon with you?

23:51

>> It's in my fridge.

23:52

>> He has a gallon of pickle juice that he

23:53

drinks on the

23:55

show. And it

23:56

>> It's a bit of a shock. It's a bit of a

23:58

shock. It's a shock thing where every

24:01

time he does it, it is a It's a visible

24:03

sight. So.

24:05

>> There it is. I'm sorry that the koozie I

24:07

sent you won't fit on a gallon jug.

24:10

>> Smells good.

24:11

>> It's a old

24:12

frosty cold one. It also holds a jar of

24:14

peanut butter if you want to take that

24:16

on the go as well.

24:18

>> The The The dill pickle I found

24:21

incredibly tasty. But my first thought

24:23

was like, I don't know I don't know what

24:24

I'm going to put it on. But I But you

24:27

know, I think there's there's got to be

24:29

some great things in here. I You've sent

24:31

over It looks like cheese, crackers,

24:33

celery, carrots, charcuterie. The

24:35

charcuterie I think is interesting.

24:38

>> Yeah, so similar to the buffalo like it

24:40

can It pairs up with a lot of the same

24:42

types of ingredients.

24:43

I I'll I'll be fully honest here on that

24:46

one. Like we get so many people when

24:48

we're at events that like, "That sounds

24:50

gross."

24:51

And it's like, "Just try it. What are

24:52

you going to get a chance to try?" And

24:54

you're like, "Fine, I'll try it." "Oh my

24:56

god, that is so much better than I

24:58

thought. Or like, wow, that's actually

25:00

not bad. Or like, that's

25:02

amazing. Like Or like we get a lot like

25:04

the mind like real life mind-blown

25:06

emojis.

25:08

Um

25:08

And that's the one where it's like, if I

25:10

can get somebody to try it, I know I've

25:12

got them somewhere in the portfolio. If

25:15

it's not that one, like they're going to

25:16

be like, oh wow, this is like I need to

25:18

try something else.

25:19

>> Yeah.

25:20

>> But that's a great great one for us to

25:23

really just push out there. And so

25:25

anytime I'm out doing sampling, I bring

25:28

that one with me even if I don't have it

25:30

to sell because it just again

25:32

encapsulates what we're trying to do

25:35

and and really draws people in. And

25:37

again, if like that's not their thing,

25:39

then they're going to find a different

25:41

one that is their thing and and I'm cool

25:42

with that at the end of the day.

25:44

Whichever jar they're taking home.

25:46

>> This s'mores, my kids have just been

25:50

locked in spooning this thing. It's got

25:51

like actual like little marshmallows in

25:54

here.

25:54

>> Yeah, so it's got those like Lucky

25:56

Charms type marshmallows with a little

25:58

nice little crunch in them.

26:00

Um

26:01

a it's a true gelatin-based marshmallow.

26:03

It doesn't hold up any oils. Like it

26:05

seizes up pretty quickly.

26:06

So good.

26:07

>> An interesting thing with this too is

26:09

like this is very much a better for you

26:12

peanut butter. We've had a lot of

26:14

protein founders on the show where they

26:16

have made protein powders that are

26:18

better for you protein powders cuz they

26:19

found the whey was making you feel

26:22

horrible and then they have this better

26:25

for you protein, you feel good

26:26

afterwards. Same thing here. If I were

26:29

to try to slam a jar of Jif, I'd feel

26:32

horrible afterwards.

26:34

But I can tackle one of these and I

26:35

actually feel great and like I can move

26:37

around. I can go ride my bike and do all

26:39

these things.

26:41

I think this is just a massive lane

26:42

where it's like this is better for you

26:44

peanut butter, but it's also got a crazy

26:47

unique twist on any flavor lane that you

26:50

want to go down, we probably got you

26:52

covered.

26:53

>> Yeah. Yeah, it's it's true. And we we

26:56

joke like we want to make peanut butter

26:58

forward flavored peanut butter.

27:01

And so like

27:02

if you look at a jar of ours like our

27:04

nutrition facts, they don't vary all

27:06

that much from

27:08

>> Yeah.

27:08

>> a standard natural peanut butter

27:11

that you would buy at any grocery store.

27:13

>> Yeah.

27:13

>> And you're going to where it is

27:15

variable, it's getting picked up in some

27:17

of the other mix-ins like the

27:18

marshmallows and the s'mores or the

27:21

Um but that absolutely is true and we

27:23

you know, we get a lot I know we're all

27:26

sort of sitting here just jokingly with

27:28

spoons but like we get a lot of

27:29

consumers who say I just you know, like

27:32

I take a jar I open a jar and I take a

27:34

spoonful and that's my sort of night

27:37

time ritual now. Like I'm not doing the

27:39

ice cream.

27:40

We do have a couple that go great with

27:42

ice cream by the way. So if you want to

27:43

pair them but we get a lot of folks who

27:44

are just like no, I'm just I'm just

27:46

going to go take a spoonful of your

27:48

peanut butter cuz it just elevates

27:50

and so it's it's one of those things

27:52

where it's like we can meet a lot of

27:54

needs and again back to me as a sole

27:56

entrepreneur, it's like all right, where

27:58

where do I really want to push on those

28:00

needs

28:02

and

28:03

and really start to build what we're

28:04

trying to do here and grow what we're

28:05

trying to do here in a way that's

28:07

exciting and and really thinking about

28:10

the long term.

28:11

>> No number one seller is the s'mores. Is

28:14

that is that the case?

28:15

>> S'mores sort of channel agnostic is our

28:17

is our best one. It's super

28:18

approachable. I think it works across

28:20

age groups use cases.

28:24

But then depending on where we are like

28:25

that hot sauce festival, s'mores was our

28:27

number one but then the three savory

28:29

ones were two, three and four right

28:31

behind.

28:32

Yeah. Yeah.

28:36

The Mexican hot chocolate would crushed

28:37

it there as well. People are always

28:40

surprised by by spicy peanut butter

28:42

which I was too as well but it's it's a

28:44

ton of fun.

28:46

Our eight-year-old or excuse me, almost

28:48

8-year-old in a week and a half

28:49

daughter, she like microdoses the

28:51

Mexican hot chocolate cuz I've told her

28:53

she can build You can build your heat

28:55

tolerance up.

28:56

And so that's been that's been her

28:58

source of of building that up, which is

29:00

which is cool. I love it.

29:02

Um

29:03

>> Noah, what are you cooking up next? Like

29:04

do you have any flavors that you are

29:06

{quote} like prototyping right now where

29:08

you're like, "Hey, we might be dropping

29:10

these one to three new SKUs. We're kind

29:13

of cooking these up working prototyping

29:15

them out a little bit."

29:17

>> Yeah, so there's two that I'm working on

29:18

right now with various degrees of

29:20

success. One is a even spicier peanut

29:25

butter than our Mexican hot chocolate.

29:27

And that really comes out of the the hot

29:29

sauce festival, which we hear year over

29:30

year like,

29:31

"Hey, we want something that's even

29:32

hotter." So right now the heat's coming

29:34

in through cayenne, and that's pretty

29:36

low level in in a hot sauce world. So

29:39

where can we look to bring that up in a

29:41

way

29:42

>> Ghost pepper?

29:42

>> And that's also Yeah, so like there was

29:45

even pepper X where we were people

29:49

Um

29:51

So I don't know if I want to go that

29:52

far, but yeah, like how can we really up

29:54

the ante from a spice perspective

29:56

because that to me really pushes open

29:59

the door into a very different market

30:02

where I'm I you know the hot sauce

30:04

people like super foodies

30:06

and really again understand what they're

30:08

doing. So that's one we want to do. The

30:10

other one

30:12

and I'm sort of working on its pairing

30:14

with it. So but I'm going to send you

30:16

guys some SAMPLES IS BACON.

30:18

>> OH, YES.

30:20

>> LET'S GO.

30:21

>> YES, BRO.

30:22

>> That is absolutely the move, Noah. Bacon

30:26

peanut butter

30:28

>> Does it need to go with something else?

30:30

Is it bacon and or is it just like

30:34

Yeah, hands off. Let let's let bacon do

30:36

it.

30:37

So we're working on that, but you guys

30:39

will be first in line for uh consumer

30:41

feedback on that one for sure.

30:43

>> That just run. sounds to me like a grand

30:47

slam, bro.

30:48

>> Yeah, that's a home run. I appreciate

30:49

that.

30:50

>> Bacon peanut

30:51

>> Yeah, it's fun, right? And like I've got

30:52

a never-ending list of flavors that I

30:54

would love to do. Um but again, it's

30:56

like as I started this, we make one size

31:00

of jar, and it was all about like how do

31:02

I minimize complexity? How do I minimize

31:05

like spreading out our cash, right?

31:08

We're bootstrapping this business. Um

31:10

and everything gets fed right back in.

31:13

And so it's like

31:14

more flavors is fun and exciting. It

31:17

also has more complexity and more

31:19

forecasting that

31:21

I don't really need to be doing at the

31:22

moment. Um and so it's it's balancing

31:25

that, and that's where that sort of

31:26

sneaker drop play we talked about,

31:28

Colin. I think it'd be really

31:29

interesting cuz this is going to give me

31:30

more confidence

31:32

of like, "Hey, let's actually go deep in

31:34

this cuz we sold 500 jars of this one

31:37

flavor in a week." And

31:38

that's as good a signal as I could ever

31:40

get.

31:41

>> You know, I'm sure you know this. I

31:44

don't know if Colin Doherty knows this,

31:46

but Elvis's favorite sandwich

31:49

>> Oh, yeah.

31:49

>> I'm hip. I'm hip.

31:51

>> Peanut butter, bacon, and banana.

31:52

>> Peanut butter, bacon, and banana. Yeah,

31:54

well, you know, you're you're you're

31:56

opening up my spot, I guess, here.

31:58

>> You called it the Elvis?

32:01

>> That's the other ingredient that that's

32:03

the other ingredient I've been trying to

32:04

figure out.

32:05

>> Yeah.

32:06

>> The banana flavor so so peanut butter is

32:09

a really strong flavor, and getting

32:11

other ones to sort of rise up to it or

32:13

even above it is a challenge. So like

32:15

coconut, like true coconut just doesn't

32:18

doesn't do it. Um and I don't want to go

32:20

like artificial flavor coconut type

32:22

stuff. Um so banana's one of the things

32:25

I'm I'm working on. So I've got

32:27

I've lost track of the different forms

32:29

of banana I have over in our our factory

32:32

that I'm trying to test out uh to to

32:35

pair with the bacon. So that's that's

32:36

the number one sort of

32:39

uh

32:40

uh pairing option to date with the

32:42

bacon. It's just a

32:44

They're not It's not working as well as

32:45

I would like. But, that's okay. We're

32:47

going to do it. We're going to figure it

32:48

out.

32:48

>> Understandable.

32:49

>> Well,

32:50

I tell you what, I have definitely not

32:53

had a boring Friday. And that's because

32:55

you have come to us, Noah, and delighted

32:58

our taste buds.

33:00

>> Let's go.

33:00

>> I love that.

33:01

>> And you know, tickled our brains, our

33:03

entrepreneurial brains, to consider how

33:06

one shall win in the CPG and consumer

33:10

world.

33:11

Uh brother, I'll tell you what, if you

33:13

if you can make a bacon peanut butter,

33:15

and I don't I don't hardly care what

33:17

else you put in there, I'm there.

33:19

>> Good to know. I'll keep that in mind.

33:22

>> We're going to be subscribed.

33:24

I think my s'mores are going to be gone

33:26

by the end of the weekend. I hid it from

33:27

my kids so that I could have I could

33:30

have plenty here when we got you on the

33:32

show. Tell us this. Tell us this, Noah.

33:35

>> Yeah.

33:35

>> Uh where to find where to find you,

33:37

where to follow you, where everybody

33:39

should go. backyardpeanut.com

33:42

for sure, but give us the whole list,

33:44

Noah.

33:44

>> Yeah, backyardpeanut.com, powered by

33:47

Shopify.

33:48

Um

33:49

you can get there on our website. We

33:50

ship all across the country.

33:52

You got all our flavors available there.

33:54

We're in a bunch of independent sort of

33:56

mom-and-pop shops throughout the

33:57

Northeast, which are good partners for

34:00

us, but we're really focused on on the

34:01

D2C channel. Thinking there's a lot of a

34:04

lot of runway there to go with.

34:07

Um so, that's a good spot for us

34:09

as well. But, yeah, come on out. Follow

34:10

backyard peanut butter on all the

34:12

socials.

34:13

Uh really trying to build that out. So,

34:15

any user-generated content out there,

34:18

send it our way, folks. We love to have

34:20

it.

34:21

Um

34:22

can't wait.

34:23

>> Noah, can can people subscribe on here?

34:26

I don't I don't Right now, I don't know

34:27

if I see a subscription button on this

34:30

thing.

34:30

>> We We do not We do not have a

34:32

subscription button.

34:34

We We

34:36

We

34:38

>> I think it's time.

34:40

>> Are you Are you getting texted by the

34:41

Shopify folks while we're on this call

34:43

saying we should do that? Cuz it's

34:44

>> No, but it's it seems like a genius idea

34:47

to me, which is why I keep hitting this

34:49

Shopify thing.

34:50

>> It's It's a regular It's a regular

34:52

conversation we have. So, it's like,

34:54

yeah. Well, well, it'll be there by

34:56

fall.

34:57

>> All right.

34:59

Let's go.

35:00

Let's go.

35:00

>> And now that you're here, we'll we'll be

35:01

It'll be there by fall.

35:03

>> Incredible, man. Noah, we love what

35:05

you're doing. We love the innovation in

35:07

CPG. I don't know why all of the

35:09

innovation always comes from CPG, but it

35:11

does. And we love the fact that you and

35:14

Helen are doing this together. And

35:17

brother, I can't wait for me and mine to

35:19

eat up the rest of this. And

35:22

we'll be looking on the lookout for

35:24

bacon bacon-flavored peanut butter to

35:27

come. Brother, appreciate you making the

35:29

time to join us. And we look forward to

35:30

having you back, man. Thank you.

35:32

>> Thanks for having me, man. Can't wait.

35:34

Talk to you later. Appreciate it.

Interactive Summary

In this video, Noah Fisher, co-founder and CEO of Backyard Peanut Butter, discusses the origins and unique approach of his company. Emphasizing a 'maximalist' philosophy in a market typically dominated by minimalism, Backyard Peanut Butter offers a wide range of creative and savory flavors. Noah shares the journey from developing the concept in his backyard to building the brand using Shopify, highlighting the importance of consumer education and testing, and touches on future product plans, including a potential bacon-flavored peanut butter.

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