How Vita Coco Built a $700M Business in a Market That Didn't Exist | Built Different
Michael Kirban co-founded Vita Coco in 2004 and didn't turn a profit until 2011. He maxed out credit cards, missed payroll, and by his account was paying himself $60,000 a year as sales reached around $100 million. The Vita Coco co-founder and executive chairman tells Ian Schwartzman how a waterfall of discarded coconut water in the Philippines became a supply chain no competitor can match, how Madonna and a group of celebrities took his entire $10 million round, and why the brand is now winning over teenagers. Timestamps 00:00 Intro 00:55 The Brazilian bar origin story 02:38 Creating a categ…