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Ben Gilbert

๐Ÿ‘ค Speaker
35701 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Coca-Cola

For days, with his father standing watch over his shoulder, Howard practiced making the ultra-secret flavoring compound, merchandise number 7Xโ€”

Acquired
Coca-Cola

learning to recognize the pungent fruit and vegetable oils by sight, smell, and remembering each was put on the shelf when it came in from the supplier, until he knew by heart the proper amounts and the exact order in which to mix them.

Acquired
Coca-Cola

The way in which this giant mass-produced thing is created, it's like only stored, I believe, in two people's head at any given time.

Acquired
Coca-Cola

And they deliberately kept this a trade secret and didn't patent it because if you patent something, eventually it does become the property of the public and anyone can use it to further innovate.

Acquired
Coca-Cola

But Coca-Cola has kept this secret all these years.

Acquired
Coca-Cola

The Coca-Cola company would maintain that is absolutely not true.

Acquired
Coca-Cola

Which I think they also maintain is not the right formula.

Acquired
Coca-Cola

I mean, I would swear up and down, too.

Acquired
Coca-Cola

But yes, this is like the best example ever, though, of someone electing to use a trade secret instead of a patent and then creating all this lore and secrecy and myth around it.

Acquired
Coca-Cola

But for six years, as collateral, the first written version of the formula was in the Guarantee Bank of New York vault.

Acquired
Coca-Cola

Robert Woodruff's Coca-Cola

Acquired
Coca-Cola

And David, do you know what Standard Oil of New Jersey is today?

Acquired
Coca-Cola

Yeah, you drink it in the hot southern summers of Georgia.

Acquired
Coca-Cola

This is the sort of opposite of the intrinsic advertising that we were talking about earlier.