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Timo Boldt

πŸ‘€ Speaker
953 total appearances
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Appearances Over Time

Podcast Appearances

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

How many boxes would they buy?

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

But yeah, we had to pump so much money into marketing to just gain kind of category awareness, brand awareness, to stand out, to make the product better, to build operations out.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

It was very, very capital intense.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Yeah.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Look, you choose whatever you like to eat.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Quick meals, family-friendly, high-protein, whatever you like to eat, you choose.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

We've got 150-plus recipes on the menu.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

We then deliver...

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

the exact portions, so you still have to cook, you have no food waste, you save time, it's healthier.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And then from a backend perspective, we try to have as little stock as possible.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

As the orders come in, we place orders with our farmers, suppliers.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Obviously, now we have long-term partnerships, so they have certainty.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

We use AI to forecast exactly what we need.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And then we have these big factories

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

that package up everything.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

We do some manufacturing.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

So we buy trucks of rice, put it through form filler machines, churn out packages just for you.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And then you get everything you need in a box.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

The box is compartmentalized.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

There's kind of an ice department in there.