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đ¶ïž Sriracha: From Smuggled Gold to Hot Sauce Billions | 5
Manage episode 449731636 series 3608271
Chances are youâve got a bottle of Sriracha chilling in your fridge right now, but have no idea who invented it â or the spicy story of how he made it happen. Entrepreneur David Tran fled Vietnam in the late 70s, smuggling gold bars into the US to start his venture - selling hot sauce out of a van. Little did he know his thick, spicy red jalapeño concoction would make him the worldâs first hot sauce billionaireâŠwithout ever spending a single dollar on advertising (FYI: Kraft dropped $750M on marketing alone in 2023). For over 40 years, Davidâs stayed laser-focused on making âa rich manâs sauce at a poor manâs price.â But when massive pepper shortages threatened the entire business, he faced a choice more painful than Tabasco on a paper cut. Find out how David puts âCoâs before Proâsâ (customers before profits)...and why Sriracha is the best idea yet.
Follow The Best Idea Yet on the Wondery App or wherever you get your podcasts. You can listen to new episodes early and ad-free on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting www.wondery.com/links/the-best-idea-yet/ now.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6 episod
Manage episode 449731636 series 3608271
Chances are youâve got a bottle of Sriracha chilling in your fridge right now, but have no idea who invented it â or the spicy story of how he made it happen. Entrepreneur David Tran fled Vietnam in the late 70s, smuggling gold bars into the US to start his venture - selling hot sauce out of a van. Little did he know his thick, spicy red jalapeño concoction would make him the worldâs first hot sauce billionaireâŠwithout ever spending a single dollar on advertising (FYI: Kraft dropped $750M on marketing alone in 2023). For over 40 years, Davidâs stayed laser-focused on making âa rich manâs sauce at a poor manâs price.â But when massive pepper shortages threatened the entire business, he faced a choice more painful than Tabasco on a paper cut. Find out how David puts âCoâs before Proâsâ (customers before profits)...and why Sriracha is the best idea yet.
Follow The Best Idea Yet on the Wondery App or wherever you get your podcasts. You can listen to new episodes early and ad-free on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting www.wondery.com/links/the-best-idea-yet/ now.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
6 episod
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