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SHOCKING Story of Billion $ Mogul Kat Cole | Leveling Up with Eric Siu

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June 14, 2022
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Leveling Up with Eric Siu
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SHOCKING Story of Billion $ Mogul Kat Cole | Leveling Up with Eric Siu

TL;DR

Kat Cole shares her career journey and Athletic Greens' growth strategies.

Transcript

top advice get started get experience in any way you can nothing will teach you more than real life experiences and that's also how you meet people how people get to see you in action how you get offered gigs right it's like starts leading to these opportunities that either come your way or that you get proximity to that you can raise your hand for... Read More

Key Insights

  • Kat Cole emphasizes the importance of gaining real-life experiences to open up opportunities and build a successful career.
  • Athletic Greens achieved remarkable growth by bootstrapping to a $160 million revenue run rate with minimal outside capital.
  • The company's product, AG-1, is a comprehensive nutrition drink that combines multiple health benefits, not just greens.
  • Athletic Greens relies heavily on authentic influencer partnerships and word-of-mouth marketing for growth.
  • The company maintains a conservative approach to performance marketing, focusing on long-term customer retention.
  • Kat Cole advises young professionals to start gaining experience early, emphasizing the value of leadership and team management.
  • Kat and her partner conduct monthly check-ins to maintain a strong personal relationship, inspired by business leadership practices.
  • Athletic Greens is expanding its marketing efforts to platforms like TikTok and YouTube while maintaining authenticity and trust.

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Questions & Answers

Q: What is Kat Cole's advice for young professionals starting their careers?

Kat Cole advises young professionals to focus on gaining real-life experience as early as possible. She emphasizes that starting with any job or internship can provide valuable insights and opportunities. Additionally, she highlights the importance of developing leadership skills and being open to learning and feedback, which are essential for career progression.

Q: How did Athletic Greens achieve its impressive growth?

Athletic Greens achieved impressive growth by bootstrapping to a $160 million revenue run rate with minimal outside capital. The company's success is attributed to the high quality of its product, AG-1, which combines multiple health benefits. The company relies heavily on authentic influencer partnerships and word-of-mouth marketing, maintaining a conservative approach to performance marketing.

Q: What makes AG-1 different from other green drinks?

AG-1 is more than just a green drink; it is a comprehensive nutrition drink that combines a full multivitamin, multimineral, pro and prebiotics, phytonutrients, and adaptogens. This unique combination supports gut health and overall nutrition. The drink is designed to be a foundational nutrition solution, offering a convenient way to consume a wide range of nutrients in one serving.

Q: What marketing strategies does Athletic Greens use?

Athletic Greens relies heavily on authentic influencer partnerships and word-of-mouth marketing. The company was early to the creator economy, working with influencers who were already genuine customers. This approach helps maintain authenticity and trust. Athletic Greens also focuses on data-driven marketing and is expanding its efforts to platforms like TikTok and YouTube.

Q: How does Kat Cole maintain a strong personal relationship?

Kat Cole and her partner maintain a strong personal relationship by conducting monthly check-ins, inspired by business leadership practices. They ask each other six key questions about their relationship, such as what has been the best and worst part of the past month and what they can do to be better partners. This process helps them stay connected and address any issues proactively.

Q: What challenges does Athletic Greens face in marketing its product?

One challenge Athletic Greens faces is overcoming the perception that AG-1 is just a greens powder due to the company's name. To address this, they renamed the product AG-1 and emphasize its comprehensive nutrition benefits. The company also focuses on maintaining authenticity and trust, as aggressive marketing could lead to skepticism about the product's quality.

Q: What is the significance of Athletic Greens' conservative marketing approach?

Athletic Greens' conservative marketing approach is significant because it aligns with the company's history of bootstrapping and focus on long-term customer retention. By being cautious with performance marketing spending, the company ensures sustainable growth and maintains a strong cash position. This approach also helps build trust with customers, as the company relies on authentic referrals and high product quality.

Q: How does Athletic Greens plan to expand its marketing efforts?

Athletic Greens plans to expand its marketing efforts by exploring new platforms like TikTok and YouTube while maintaining its focus on authenticity and trust. The company is building a team to resource these platforms and create diverse content for different customer needs. This expansion aims to reach new audiences and continue the company's impressive growth trajectory.

Summary & Key Takeaways

  • Kat Cole, President of Athletic Greens, shares her career journey from a Hooters waitress to leading billion-dollar companies. She emphasizes the importance of gaining real-life experience and leading teams to progress in one's career.

  • Athletic Greens, known for its AG-1 product, has seen impressive growth by bootstrapping to a $160 million revenue run rate. The company focuses on authentic influencer partnerships and word-of-mouth marketing while maintaining a conservative approach to performance marketing.

  • Kat Cole and her partner use a monthly check-in process inspired by business leadership to strengthen their personal relationship. Athletic Greens is expanding its marketing efforts to new platforms like TikTok and YouTube, aiming to maintain authenticity and trust.


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