Liquid Death CEO Mike Cessario: How I Turned Canned Water to a $700M Company | 20VC
Mike Cessario is the Founder and CEO @ Liquid Death, the man hacking the healthy beverage market with the first hilarious water brand. It is working, Liquid Death’s latest valuation was over a staggering $700M and Mike has raised over $200M since founding the company from the likes of Science Inc. Away’s Jen Rubio, Dollar Shave Club’s Michael Dubin, Swedish House Mafia, and Tony Hawk to name a few. Prior to founding Liquid Death, Mike was in the advertising industry at a number of direct firms including VaynerMedia.
---------------------------------------------
Timestamps:
0:00 Intro
1:07 Liquid Death’s Origin Story
8:40 Mike’s Origin Story
14:33 What is “high-performance”?
15:10 What makes a strong brand?
17:00 Liquid Death’s Brand
21:12 Did you ever worry about brand alienation?
23:07 Biggest Mistake at Liquid Death
24:11 Most Common Mistake Founders Make with Brand
28:00 Brand vs. Storytelling
30:57 Why People Love Liquid Death’s Marketing
33:03 Why Today’s Advertisements Suck
35:21 How to Handle the Haters
38:27 How to Pick which Social Channels to Focus On
41:38 How Liquid Death Writes Great Advertisements
46:49 Why Liquid Death is Underrated
49:11 Craziest Thing Mike has Ever Seen
50:09 The Menu on HBO
51:34 Marketing Strategies: HBO vs. Netflix
54:10 How to Make Celebrity Investors Work
56:32 The Most Underrated Brand of All Time: Trader Joe’s
58:42 What would you have done differently?
1:00:37 Liquid Death in 5 Years
---------------------------------------------
In Today’s Episode with Mike Cessario We Discuss:
1.) From Canned Water to $700M Business:
How did rockstars’ hydration problems lead to the founding of Liquid Death?
How did growing up with guns and heroine needles around him at school, impact how Mike sees the world today? What is he running from? What is he running towards?
Everyone said, “canned water, that is a stupid idea”. What does Mike tell to all entrepreneurs who are told their idea is stupid? How does Mike advise on picking your idea?
2.) How to Build a Truly Great Brand:
What does the term “brand” mean to Mike?
What does he mean when he says, “truly great brand transcends functional value”?
What are the single biggest mistakes Mike sees founders make today on branding?
Why does Mike believe people will always hate your brand if it is good?
What are the biggest brand mistakes Mike has made with Liquid Death?
What brand does Mike most respect and admire? Why that brand?
3.) Marketing: The Secret to Reaching Millions of People with Little Budget:
How does the Liquid Death team come up with the ideas they have for content? Why does Mike believe the label “storytelling” is kinda BS?
Why does Mike believe people will always hate your marketing? What was Mike’s biggest lesson from their Superbowl commercial with kids drinking Liquid Death, looking like beer?
How does Mike decide which channel to prioritize? How has the rise of TikTok and short-form video changed their approach to content?
How does Mike approach resource allocation for new pieces of content? Do they spend big on a few bits of content or spend little on many and see what works?
---------------------------------------------
Subscribe to the Podcast:
www.thetwentyminutevc.com/mik...
Follow Harry Stebbings on Twitter:
/ harrystebbings
Follow Mike Cessario on Twitter:
/ cessario
Follow 20VC on Instagram:
/ 20vc_reels
Follow 20VC on TikTok:
/ 20vc_tok
---------------------------------------------
#MikeCessario #LiquidDeath #HarryStebbings #20vc #cannedwater #marketing #brandmarketing
Пікірлер: 12
Mike is so sharp, I’ve watched a few of his interviews. Tons of gems.
28:55 marketing is how to efficiently communicate a feeling/takeaway and emotion 29:40 functional benefits don’t create brand affinity. Emotional value does create that ‘thank you’ moment.
This guy is thinking outside the box on serious sause. Aka he’s badass wow!
Good questions Harry. Great interview!
Great interview
Hi! Very interesting points made. Do mind if I use a few clips in an upcoming youtube video? I will give reference to your channel! Nothing negative :)
The thing people might not comprehend is that he is also very strategic, and technical. He has artistic skillset, but so do many people, it's his strategic and technic abilities that made his company.
the interviewer seems to have a permanent smile after asking every question.. lol
The branding is great! Too bad you changed your water source :(
15:36. I think he got the concept a little bit incorrect. Emotions can clue you into a 'vaguely accurate rational' which you can further calculate using a process to output a 'near perfect accurate rational'. Meaning, men buy the expensive Gucci products and the sky rise 2000sq for the price of $2,000,000, because they subconsciously know it helps them thrive. That, more women, and hotter women will be interested in them. Therefore, Gucci = more women. Gucci can also make your life feel more luxurious. If you don't have a LOT of money, then Gucci products won't help you get laid. In short, luxury brands and luxury products better help men get laid. A proof(or if the person is poor it's a trick), to compel women. An 'experiential fun experience(whether It's fun, wild, magical/iconic, etc) entertains people which is necessary too. And, some are lifestyle brand which improves people stay devoted to a lifestyle(health and wellness, outdoorsman, professional, etc). In summary, humans are always using logic accurately for their benefit. The smart ones at least. And, emotions can clue you into the accurate logic.
The budwiser comment about ad that could piss people off was certainly foreshadowing wow
Only question is why they are still losing money , otherwise amazing company