Hook

Their other posts in the index, biggest breakout first.
Grüns took 32 months to go from launch to a $1.2 billion exit. Which might make them the fastest billion dollar CPG exit in history? Unilever acquired them just 32 months after their first sale, which to put into context, Poppi took 9 years to reach its PepsiCo exit and Liquid IV took 8 years. Grüns makes these daily green supplements in gummy bear form that they sell for $80 a month, that people don't want to blend a powder every single morning. They just want something they can grab and go. With this change in convenience, they actually hit an 80% daily usage compliance, which is pretty unheard of in supplements, since most people buy powders, use them a couple times and then let them sit unused in their cabinets. This led Grüns to hit profitability by month 14. By month 21, it was doing $100 million in annual recurring revenue, all online. And by month 24, it was at $300 million and had full distribution in Target, Walmart, Sam's Club, etcetera. The founder Chad Janis was actually a VC before he started the company. He sat on the boards of companies like Chubbies, Brooklinen and Dr. Squatch, which are all DTC brands that eventually got acquired. Then he went to Stanford's Business School, raised a pre-seed from his classmates, and launched in August 2023 and set out to build the exact brand that he knew that Unilever was going to want to buy. So not only did he have an advantage in understanding how to build a product, he also knew exactly what his acquirers were going to look for. This exit is also notable because VCs have been pretty skeptical about CPG for a while now. Margins are a lot tighter than software, and retail is notoriously brutal, so scaling anything often takes a long time. But Grüns is a great example of having an information advantage and executing on it flawlessly, so that you can compress a decade of building into 32 months and completely change the math on an exit.