Taste Radio

Step One To Winning A Gold Rush? Do This, Straightaway.


Listen Later

Trendy food and beverage categories often elicit a gold rush. The nascent market for ready-to-drink cocktails, in which new brands are launched seemingly every day, has sparked the latest one.

Cy Cain, the co-founder and CEO of Portland, Oregon-based Straightaway Cocktails, praises growing interest and demand for bottled and canned cocktails, but he believes that “there will always be a flight to quality.” Indeed, the brand’s prioritization of premium ingredients and blending methods continues to pay off. 

Launched in 2018, Straightaway produces a range of RTD cocktails crafted to replicate bar quality libations. The company also markets ACCOMPANi, Straightaway’s sister brand of liqueurs, amari and vermouth. The award-winning products are available in 48 states through its e-commerce platform, Whole Foods stores and select locations of regional chains New Seasons and Market of Choice.

In this episode, Cain spoke about how years of preparation prior to launching Straightaway gave the brand a strong foundation on which to build, why passion and opportunity equally drive the business forward and how he assesses a broader opportunity to reach consumers in other beverage alcohol categories.

Show notes:

0:43: Interview: Cy Cain, Co-Founder & CEO, Straightaway Cocktails - Taste Radio editor Ray Latif spoke with Cain about Straightaway’s hometown of Portland, Oregon, how “honoring the craft” and collaboration is driving the city’s CPG scene, and the brand’s partnership with Alaska Airlines. Cain also discussed how his background in the coffee industry impacted and informed his decision to launch a cocktail company, Straightaway’s roots as an underground brand, how early learnings influenced its development and why “balance is everything” is key to its formulation strategy. He also explained how an analysis of consumer behavior and growing demand for high-quality cocktails led to his belief that standardization of batched cocktails would be a viable, and potentially thriving, business. The conversation further touches on growth drivers for the RTD cocktail category and why he sees it challenging beer and wine in the coming years, why strategic companies entering the space is a good thing and the reason he describes Straightaway as both a “first-wave” and “third-wave” brand.

Brands in this episode: Straightaway Cocktails, Starbucks, Salt & Straw, Stumptown Coffee, Steven Smith Teamaker, Jacobsen Salt, Tazo, Stash Tea

...more
View all episodesView all episodes
Download on the App Store

Taste RadioBy BevNET Inc.

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

200 ratings


More shows like Taste Radio

View all
Shopify Masters by Shopify

Shopify Masters

378 Listeners

Founders by David Senra

Founders

1,948 Listeners

How I Built This with Guy Raz by Guy Raz | Wondery

How I Built This with Guy Raz

30,245 Listeners

Cold Call by HBR Presents / Brian Kenny

Cold Call

195 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,990 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

226 Listeners

My First Million by Hubspot Media

My First Million

2,631 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,421 Listeners

The Startup CPG Podcast by Startup CPG

The Startup CPG Podcast

562 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

197 Listeners

CPG Week by BevNET & Nosh by Nosh

CPG Week by BevNET & Nosh

25 Listeners

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs by Chris Koerner

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

171 Listeners

Nombase Podcast by BevNET Inc.

Nombase Podcast

30 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

468 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,165 Listeners