Greg Yudin-Lunch & Learn Presentation December 11, 2015

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Food Centricity Powers: The Emergence of the Food Start-up Ecosystem

Transcript of Greg Yudin-Lunch & Learn Presentation December 11, 2015

Page 1: Greg Yudin-Lunch & Learn Presentation December 11, 2015

Food Centricity Powers:

The Emergence of the Food Start-up Ecosystem

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A Look Into the Market

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How the Gaps Developed

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Current Trends Pushing ‘Innovation’

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What is a Food Start-up?Packaged Foods Food Tech

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Packaged Foods Deep DiveResearch and Development

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Packaged Foods Deep DivePackaging Design

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Packaged Foods Deep DiveIngredient Procurement

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Packaged Foods Deep DiveManufacturing

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Packaged Foods Deep DiveStorage

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Packaged Foods Deep DiveDistribu-tion

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Packaged Foods Deep DiveSale # 1

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Packaged Foods Deep DiveSale # 2

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Challenges for a Small Food Maker High Friction Indus-

try

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Challenges for a Small Food Maker High Cost of Ingredi-

ents

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Challenges for a Small Food Maker High Selling

Costs

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Challenges for a Small Food Maker Shelf Life (Safety and Qual-

ity)

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Challenges for a Small Food Maker Looming Entry into Space by Big Play-

ers

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Challenges for a Small Food Maker Premium Position-

ing

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Challenges for a Small Food Maker No Defensible IP

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Remaining Successful

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Food Investment Funds

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Examples of Acquisitions in Food

$33M by General Mills $820M by General Mills $775M by Hormel

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Market Opportunity

Over $5.3 Billion of Private Capital Invested from 2012 to 2014.

Southern California's $44 billion in annual grocery sales makes it the largest U.S. grocery market.

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Market Pain

>90% failure rate for packaged food companies

Average time to market from idea or concept is 18 months

Average runaway for most companies is 8 months

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Our Solution

Access to permitted facilities Reducing cost of goodsAccess to knowledge

Access to capital

Accelerate time to market by 12 months

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Food Maker HubThe Food Maker Hub™ is a professional network-ing organization for natural, specialty and arti-

sanal food companies with nearly 1,700 members.

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• 10 Shared, yet individual- a model for future shared kitchens

• Kitchens Bays• Specialty Equipment• 3 Gluten-Free Kitchens• Confectioner Kitchen

• Health Department Involvement

East End Kitchens

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“te platico una idea constructiva”

EEK

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LA Prep• 56,000 sq ft space• 54 Individual, fully

permitted (wholesale) food maker spaces rented by the year.

• USDA / Organic certifiable• 13 Gluten-free kitchens• Two catering kitchens• Private and shared

storage (dry, chilled, frozen)

• 3 loading docks• Wet / dry packing room• Classroom / teaching

kitchen• R&D Kitchen• Co-working and meeting

office space• Shared equipment

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LA PrepSmall Kitchen – No Hood

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Small Kitchen – W/ HoodLA Prep

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Medium Kitchen LA Prep

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Large Kitchen LA Prep

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Reducing COGS

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Our Services• Brand positioning and brand

identity development and design

• Packaging design• Ingredient procurement• Business plan revisions or

writing• Marketing plans• Financial modeling• Legal

• Accounting• Food Photography and styling• Food formulation and R&D• Market Research• Label Compliance• Food Safety planning and

accreditation• Copy writing• Pitch coaching

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Food Maker Acad-emy

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Access to Capital

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Food CentricityQuestions?

Greg Yudin greg@foodcentricity.comwww.foodcentricity.comwww.foodmakerhub.com

www.academy.foodcentricity.com@foodcentricity on Twitter