All points
116 gathered points · 4473 words
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Allison and Stephen built Poppi as a married co-founder team and ultimately sold the beverage company to PepsiCo for about $2 billion. They said the transaction had been signed roughly a year before the interview and described it as a life-changing financial outcome, though not in the way they had expected.
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The immediate emotional result of the exit was freedom, but that freedom also created a problem of purpose. Allison said suddenly being able to do whatever they wanted was overwhelming, and much of the following year was spent deciding what they wanted their lives and next project to be about.
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Receiving the acquisition money did not produce the cinematic celebration they had imagined. When the funds arrived in May, Allison and Stephen had what they described as the biggest fight of their marriage, largely because neither had cleared their meetings so they could celebrate together.
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Their ordinary family life continued despite the enormous exit. Meetings remained on the calendar, their children still had to be taken to school, and they said the emotional significance of the sale took considerable time to settle in.
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Their post-exit goal is not retirement but another business built on their own terms. They want something they can become deeply engaged in while having more control over whom they work with, when they work and how they structure their lives.
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Allison and Stephen described themselves as naturally complementary founders. Allison is the more impulsive risk-taker who wants to jump into opportunities; Stephen is the planner who builds the structure around those decisions.
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Their complementary attitudes toward money predated Poppi. Allison said she was earning upward of $1,000 a day doing oil-and-gas research before meeting Stephen but had no savings account because she spent freely on travel and experiences, while Stephen was already thinking about retirement and financial planning.
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Poppi began as Allison's attempt to solve her own problem with apple-cider vinegar. She had stomach and skin problems, began drinking apple-cider vinegar, hated the taste and started experimenting in her kitchen with ways to make it enjoyable.
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The original drink was genuinely bad by the founders' own account. Stephen remembered early consumers tasting it and questioning whether they were really expected to drink an entire bottle because the apple-cider-vinegar flavor was so strong.
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Stephen did not instantly commit the family to Allison's idea. He supported her experimenting with it but said it took roughly six to eight weeks before he was comfortable committing their savings and treating it as the business they were going to pursue seriously.
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They went financially all-in very early. During the first year they invested about $90,000, maxed out credit cards and sold both of their cars so they could buy bottles and establish their own manufacturing operation.
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The founders believed they were creating a new form of soda rather than merely selling an apple-cider-vinegar drink. That belief became important both to surviving the financially difficult early period and to how the product was eventually positioned.
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Friends and family were not considered adequate proof of product-market fit. The founders deliberately took the drink to the Dallas farmers market because they wanted reactions from consumers who had no personal reason to be encouraging.
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The Dallas farmers market became their first meaningful testing ground. They repeatedly changed the product and their pitch based on direct consumer reactions rather than assuming their original formulation or explanation was correct.
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A Whole Foods representative discovered them only three weeks into selling at the farmers market. She visited their busy booth while apparently there for personal reasons, tasted the product without initially identifying herself, heard Allison's story and gave them her card, saying they belonged in Whole Foods.
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The Whole Foods encounter came only about three or four months after their kitchen experiments began. At that point the company was still closer to a hobby than an established business.
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Allison was approximately three months pregnant when the Whole Foods opportunity appeared. She and Stephen had also just purchased a house, and she did not want to return to traveling for oil-and-gas work.
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The Whole Foods card became the moment Allison decided they were going all-in. Stephen reminded her that they had just bought a house and that she was pregnant; her response was essentially that the opportunity proved they should commit anyway.
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Retail interest arrived before ordinary consumers fully understood the product. Allison said shoppers often looked confused after tasting it, and that confusion initially felt like rejection or failure because she understood the idea much more clearly than they did.
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Consumer rejection forced Allison to change the language around the product. Instead of leading with “apple-cider-vinegar drink,” she began framing the company as reinventing soda for the next generation, which made the proposition easier for consumers to understand.
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The founders treat early customer confusion as useful information rather than something to argue against. Their process was to absorb rejection, refine the product and message, gain clarity and eventually develop confidence from repeated exposure to actual buyers.
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When the company had reached roughly $500,000 in revenue, someone offered around $200,000 to invest. The founders seriously considered it because they needed money, but the prospective investor brought no relevant network, operating resources or strategic expertise.
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They rejected the $200,000 offer because they wanted strategic capital rather than money alone. Allison summarized the lesson as avoiding “dumb money”: equity should ideally buy more than cash when a young company needs expertise, relationships and further financing.
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Shark Tank became their alternative path to strategic investment. After learning the show was holding auditions locally, they stood in line for roughly eight hours and pitched the business.
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The Shark Tank process was slow despite how quickly television makes it appear. Roughly six months passed between the initial audition process and appearing on the program and receiving a deal.
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Allison was nine months pregnant by the time the Shark Tank process reached its critical stage. She recalled worrying that she might give birth before the opportunity was completed.
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The company was badly cash-constrained when the Shark Tank investment arrived. Allison said she is unsure whether the business would have survived without the deal; Stephen thought they possibly could have continued but expected several more years of difficult struggle with no guarantee of success.
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Their experience convinced them that beverage businesses can require enormous amounts of capital. Stephen noted that many beverage companies raise hundreds of millions of dollars and still never achieve the distribution and consumer adoption needed to become household brands.
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The strategic value of their Shark Tank partner mattered more than the televised check alone. They wanted a partner who had built businesses before, could provide access to capable people and ultimately had far greater financial resources available as the company scaled.
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Closing the Shark Tank investment involved another lengthy diligence process. They said Rohan Oza spent roughly six months verifying the business and its representations before the transaction actually closed and was funded.
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Allison later experienced Shark Tank from the investor's side as a guest Shark. She said that experience increased her empathy for founders because she had previously stood in exactly the same position pitching her own company.
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Her investment philosophy is that taking a large equity stake is unjustified unless the investor can materially help the founder. She specifically questioned taking 10%, 20% or 30% of somebody's business without being able to add corresponding value.
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She said Shark Tank's producers spend months trying to create productive founder-investor combinations. Neither side necessarily knows in advance whom they will meet, while the production team is working behind the scenes on possible matches.
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Allison and Stephen compare choosing a business partner to entering a marriage. They believe investors and founders must investigate not only whether the product and claims are real but whether they can actually trust and work with one another over time.
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Their own marriage-and-business partnership rests heavily on trust and follow-through. Stephen said the arrangement fails if one person cannot trust the other to do what they said they would do.
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They reject the idea that each partner should merely contribute “50%.” Their view is that both people need to be fully committed because one partner will inevitably be carrying more of the load on particular days or during difficult periods.
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Healthy conflict was a deliberate part of their partnership. They had difficult conversations that one or the other did not want to hear, but tried to approach them assuming the other person intended to improve the company rather than attack them personally.
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They have found surprisingly few married founder couples whom they view as models for surviving a major exit together. They said extreme business pressure, wealth, public attention and family responsibilities can place unusual strain on a marriage, and they hope their own experience can become an example for others.
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The couple had been married for about 12 years and had three children at the time of the conversation. Pregnancy, childcare and building the company overlapped throughout important stages of Poppi's growth rather than occurring in separate chapters of their lives.
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The company reached roughly $500 million in about four and a half years, according to the conversation. The hosts described it as the fastest-growing beverage company during that period, and the founders attributed the pace to product, brand, distribution, marketing and team rather than one isolated tactic.
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Poppi formally launched under that brand on March 3, 2020. The brand had previously operated as Mother Beverage.
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The Shark Tank investment triggered a major nine-month rebranding effort. Their investor's feedback was essentially that the founding story and product were strong but the existing brand was weak.
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Only about four people were deeply involved in the initial rebrand. The process helped move the business from an apple-cider-vinegar identity toward a much broader “soda for the next generation” position.
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The Poppi packaging was designed deliberately to compete visually with conventional soda. They selected colorful 12-ounce cans, illustrated fruit and a bright, flavor-driven appearance rather than the minimal white packaging common among many wellness products.
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The 12-ounce format was chosen partly because they wanted to challenge major soda companies on familiar territory. The packaging was intended to feel recognizable as soda while remaining distinctive from established competitors.
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They physically mocked up different package designs and tested how they looked on store shelves. The brand work was tied to a defined consumer target that included millennial mothers, Gen Z and what Allison informally called the “Poppi girlies.”
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The founders believe brands must continue changing even after finding an identity that works. They rejected the idea that an early product, package or strategy becomes untouchable simply because the company has already invested heavily in it.
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Poppi's root beer became one example of deliberately admitting a product was not good enough. Consumers disliked the formulation and compared it unfavorably with competitors, and Stephen became determined to change it.
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Instead of quietly replacing the root beer, the company publicly acknowledged the failure. It created content highlighting criticism of the old version, mocked its own previous product and packaging, and then launched the replacement as a response to what customers had told them.
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The root-beer episode reinforced their belief that founders must separate their ego from the product. They repeatedly returned to the principle that the company exists for the customer, not to protect a founder from hearing that an idea or product is bad.
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Stephen encourages teams to “let people call your baby ugly.” He wants employees and advisers willing to criticize products, strategies and processes rather than surrounding founders with people who automatically agree.
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They admitted that checking their egos was something they learned rather than something they naturally possessed from the beginning. They argued that a degree of confidence or even “delusion” helps someone start a company, while growth later requires accepting boards, employees and outside criticism.
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They also had to learn leadership while already running the company. Allison said entrepreneurs do not automatically know how to lead; the skill develops through actually leading people, reading, using mentors and learning from other operators.
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TikTok became one of Poppi's defining growth decisions despite internal opposition. Board members initially told Allison the platform was mostly dancing, recipes and similar lightweight content and that Instagram was the serious place for a brand.
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Allison deliberately ignored that advice and began experimenting heavily on TikTok. She danced, made recipes and transitions, involved Stephen and their children, and was willing to make content that looked awkward rather than maintain a polished corporate image.
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A casual founder-story TikTok became the breakthrough piece of content. Allison filmed it at home after a shower, with wet hair, pajamas and no high-production presentation; she said it ultimately accumulated more than 250 million views.
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The viral TikTok produced a dramatic commercial response. Allison said Poppi sold out across retail shelves and generated about $100,000 during the surge, convincing previously skeptical colleagues that TikTok could materially affect the business.
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After that success, the company shifted its paid-media attention toward TikTok. Allison described the platform as a discovery engine for reaching people who did not already follow the company, while viewing Instagram more like a brand's established storefront.
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Poppi's social strategy intentionally favored raw, relatable content over high-gloss advertising. Allison believes the messiness and awkwardness made the founders and brand more accessible and helped create unusually strong community loyalty.
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Marketing was only one component of the growth formula. The founders repeatedly stressed that an effective brand still needs a strong product, distribution and experienced operators capable of handling functions the founders themselves have never done.
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Allison originally ran the marketing organization herself but eventually recognized the job had outgrown her experience. Once the business was considering things such as Super Bowl advertising, they hired a CMO who could manage traditional media, retail planning and other specialized functions.
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Hiring that CMO allowed Allison to move toward the work where she believed she was strongest. She concentrated more heavily on brand and creative direction rather than attempting to personally control every part of marketing.
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One of their early hiring errors was selecting people primarily because they felt like startup people. They overvalued personality, grit and similarity to themselves without always identifying the precise capability missing from the organization.
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Their later hiring philosophy distinguishes shared values from shared personalities. Employees do not need to behave like the founders or even initially be people the founders naturally socialize with, but they need compatible values and the specific skills the company lacks.
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Stephen used a senior operations hire as an example of changing his own bias. He initially resisted the candidate because the man seemed quiet, dry and somewhat standoffish, but hired him for the needed expertise; the hire worked well, and they later became good friends.
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They consider cultural damage grounds for removing even a highly capable employee. A person can be strategic, hardworking and productive yet still become a net liability if colleagues cannot work effectively with them.
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Their rule was generally not to hire friends or relatives, despite being married co-founders themselves. They felt pre-existing personal relationships make it harder to dismiss somebody who is clearly not working out because the founders keep wanting to offer another chance.
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Rapid growth repeatedly required replacing or redefining jobs held by people who had helped build the company. Someone excellent from zero to $10 million or $10 million to $25 million might no longer have the capabilities required at $200 million.
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They sometimes retained valuable early employees while reducing their titles rather than simply firing them. In some cases compensation stayed unchanged because those employees still provided hard-to-measure value through culture, relationships or institutional knowledge.
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About 99% of Poppi employees received equity, according to the founders. Grants generally vested over four years, and employees could receive additional equity as they were promoted.
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The founders said the acquisition made roughly 40 employees millionaires. They recalled employees calling after the sale to say they had bought homes, cars or houses for their parents.
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They deliberately avoid describing employees as “family.” Their view is that a company remains a business, but people can still develop genuine friendships, loyalty, respect and camaraderie while working together.
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Good relationships survived some painful personnel decisions. They described encountering several former employees and warmly embracing them later, saying those people often understood that the business had simply grown beyond the roles they once held.
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Stephen is approaching their next company much more systematically than Poppi. Rather than waiting for needs to become emergencies, he is planning expected capital requirements, dilution, board structure, advisers and staffing before the business is fully underway.
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He built an organizational chart containing roughly 35–40 future positions before the new venture even had a name. The purpose is to understand what the mature organization will need instead of assembling it reactively as individual problems appear.
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Their preferred future hires are “player-coaches.” They want people capable of strategic thinking who are also willing to perform hands-on work during an early stage.
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Stephen believes Poppi often made important hires about six months too late. For the new company, he wants to anticipate staffing needs six to twelve months ahead and ideally hire people who can remain appropriate for at least the following 18 months.
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The lead time involved in executive hiring changed his planning philosophy. Finding a candidate, recruiting them, bringing them into the company, onboarding them and waiting for them to begin adding meaningful value can consume months.
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Poppi learned an expensive lesson about celebrity marketing through Jennifer Lopez. Early in the company's life, it paid approximately $250,000 for a social post plus roughly a year of usage rights.
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The Jennifer Lopez campaign produced essentially no audience growth, according to the founders. Poppi had only around 20,000–30,000 followers and was not yet broadly distributed nationally, so the enormous difference in scale made the endorsement feel transactional rather than natural.
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The founders concluded that a famous face cannot compensate for a brand that is not ready for the attention. They stopped doing major celebrity deals until Poppi itself had become a much larger company.
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Their preferred influencer model became finding emerging creators who already genuinely used the product. The goal was to grow alongside those people instead of approaching them only after they became famous and buying access to their audience.
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Alix Earle was cited as one of their strongest examples of this model. Poppi began working with her while she was still in college and before she had reached her later level of fame; the relationship ultimately lasted roughly three years and included both paid compensation and equity.
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The Alix Earle relationship worked because Poppi was already organically present in her life, according to Allison. She had been posting the product before becoming a major creator, making the eventual commercial partnership feel like an extension of genuine behavior rather than a sudden endorsement.
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Jake Shane was another example of identifying a creator early. Allison recalled him repeatedly featuring Poppi when he had only about 90,000 followers.
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The founders believe brands should continue rewarding creators after those creators become more valuable. Poppi renewed and updated relationships rather than using an emerging influencer cheaply and abandoning them once their audience became expensive.
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A later Post Malone partnership worked much better than the Jennifer Lopez campaign. The founders already knew his manager, Post Malone was genuinely drinking Poppi, and he was organically discussing the product publicly before the larger formal partnership.
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The Post Malone deal also occurred when Poppi itself was already large enough to capitalize on the attention. It happened around the year before the company was sold, when distribution, retailer relationships and consumer awareness were much stronger.
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Their broader conclusion is that celebrity-backed companies still require serious operators behind the celebrity. Fame can generate attention, but somebody still has to build distribution, manage retailers, execute operations and create repeat consumer demand.
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Allison used celebrity businesses that lack operating infrastructure as examples of why fame alone can fail. Conversely, she cited businesses such as SKIMS as examples where a highly visible creative figure is paired with experienced operating leadership.
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They believe incentives also have to make the celebrity genuinely engaged in the company's success. A famous person with many unrelated ventures may not provide the focus a business needs merely because their name appears on the product.
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Allison considers embarrassment an underappreciated part of entrepreneurship. Her view is that founders often have to look foolish, hear rejection and repeatedly put themselves in uncomfortable situations before they have enough information and practice to become effective.
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She said her confidence was built rather than innate. Repeated moments of awkwardness, failure and embarrassment gradually produced refinement, clarity and confidence.
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Her willingness to look “cringey” came from wanting the company to win more than she wanted to protect her image. Getting more people to try Poppi mattered enough that embarrassment became an acceptable cost of pursuing the goal.
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She now views feeling embarrassed as evidence that a person may still be stretching beyond what is comfortable. Becoming completely comfortable can, in her view, indicate that somebody has stopped pushing themselves into new situations.
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The founders reject the popular assumption that entrepreneurship initially creates freedom. During the building stage they felt married to the company, and the financial freedom usually associated with entrepreneurship arrived only after an unusually successful exit.
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They endured periods when they could not comfortably afford their mortgage. Stephen also recalled driving a 1995 Chevrolet pickup with no air conditioning during Texas summers reaching roughly 105°F.
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Their conclusion from those difficult periods is that money alone is insufficient motivation. Stephen contrasted work a person hates, which he called stress, with hard work on something the person loves, which he described as passion.
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Allison compared building a company with childbirth in the sense that people can later forget much of the pain. She believes enjoying the underlying work makes founders remember the good parts more strongly, whereas persistent misery may indicate that the person is pursuing the wrong business.
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Allison said there was effectively no conventional work-life balance during Poppi's rapid-growth years. She nevertheless enjoyed the intensity and chaos rather than experiencing the workload simply as an unwanted sacrifice.
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Three days after giving birth to her third child, Allison voluntarily joined a work call with Poppi's PR agency. The agency warned her that appearing on a call so soon after childbirth might be viewed as a poor example, but she responded that she genuinely wanted to participate and was comfortable caring for the baby while doing so.
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That conversation later had an unexpected effect on the PR-agency owner. Allison said the woman, then pregnant with her first child at 42, told her she had not previously believed motherhood and that level of professional involvement could coexist; Allison said the woman eventually had three children.
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Allison argues that people should define balance individually rather than impose one formula on everyone. Someone who needs exercise, rest or strict boundaries should have them, while someone who genuinely enjoys intense work should not automatically be treated as unhealthy for choosing it.
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She nevertheless expects the next company to involve substantially more balance than Poppi did. The successful exit gives them financial security and leverage they did not possess when they were fighting to keep the first company alive.
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Time with their children has become a clearer non-negotiable. Allison said that when she is home, phones and tablets go down and she tries to be fully present with the children rather than being physically home while mentally working.
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Stephen framed balance as a means rather than an objective in itself. He questioned the assumption that balance automatically produces happiness, arguing that different seasons of life and different people derive fulfillment from different combinations of work, challenge and family.
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Financial freedom has changed what the couple now optimizes for. They still want demanding work and ambitious projects, but they also want to improve how they show up for each other and for their children inside the home.
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Both founders openly associate extraordinary entrepreneurial outcomes with periods of unusually intense work. Allison recounted meeting a founder who stopped work at 4 p.m. for longevity routines and said she and Stephen were skeptical that such an approach would produce the kind of exit they had pursued; this was their opinion, not evidence that one work style guarantees an outcome.
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Stephen's broader philosophy is that people seeking outcomes most others do not achieve should expect to do work most others will not do. He associates some of his greatest personal growth, confidence and pride with difficult periods that temporarily provided little conventional balance.
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At the same time, Allison believes “fun is fuel for business.” Even during the hardest Poppi years, they attended ACL and other festivals, laughed in meetings and deliberately built an element of fun into the company culture.
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They saw employees as people with meaningful lives outside the company. Activities such as training for a marathon or starting a family were openly discussed and supported rather than treated as distractions from work.
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Stephen's retrospective advice to his younger founder-self would be to become more comfortable failing and asking for help. He felt pressure to know everything and solve everything himself and now regards that reluctance to seek assistance as a significant early weakness.
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Their closing advice to younger people centered on acting on ambitions rather than waiting for certainty. They spoke about pursuing dreams, showing up repeatedly and accepting the discomfort required to make something happen.
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Allison described the Poppi transaction as the largest exit by a female founder in beverage history. She said an important part of the legacy for her is demonstrating to other women that building a company to that scale is possible.
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She does not want business success to become an excuse for bad personal behavior. Her preferred legacy is to be remembered both for building major businesses and for being a generous, decent person rather than believing wealth or achievement gives someone permission to mistreat others.
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Allison and Stephen already had another project under development during the interview, but had not publicly named it. They teased an announcement connected with September 2026, while Stephen's detailed staffing and capital planning showed that the project had moved well beyond a casual idea.