Behind Her Empire: Aishwarya Iyer Wants To Talk About Your Rancid Olive Oil

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

This week, hear from Aishwarya Iyer, the founder CEO of Brightland, an artisan oil and vinegar brand started in 2018.

Iyer began her entrepreneurial journey after doing some research on possible causes for her upset stomach—which led her to learn more about cooking oils after cutting dairy and gluten from her diet. She discovered that 70% of olive oils Americans consume are either rotten, rancid or has been adulterated — diluted by other inferior quality oils — and no one was talking about it.


Iyer's career started in New York City, after she secretly transferred to NYU. After graduation, she found herself at L'Oreal, and then began working at a startup.

"That's where I think I really sunk my teeth into what it means to move quickly," she said. After, she pivoted to work in fintech.

For Iyer, it was "a matter of like, why me, why should I do this? I didn't go to Harvard in terms of like business school, I wasn't a famous chef or restauranteur. I'm very much like an average normal person who spotted something."

In the early days of creating her business, she was bogged down by her own criticism, she said, and grappling with imposter syndrome.

After rewriting her personal narrative, Iyer realized she was uniquely well equipped for entrepreneurship. She has a background in marketing, communications, brand building and investing. Her background in investing was especially important, she said, as it allowed her to bootstrap her company for over a year before turning to investors. She also said that her background give her insight into the kind of investors she was looking for — ones that are hands-off.

Iyer also shared her thoughts on what it means to be a female founder. She shared her distaste for the idea that female founders should also have to function as influencers, with their image as the face of their brand. She said she found that wouldn't work for her, and that it's an expectation only placed on women.

In the rest of the episode, Aishwarya shared how she creates harmony for herself, working with California farms directly and the importance of the abundance mindset.

Aishwarya Iyer is the founder and CEO of Brightland.

"I also wanted to shape our destiny a bit. And I wanted to understand our product-market fit understand our customer. And I also wanted to understand like why I would need investors besides the capital — are there arenas that folks could help us out [to] be more strategic about it. And so, yeah, we were bootstrapped for over a year, and it was hard, and you know, but it taught me a lot of lessons. And it was definitely the right move." —Aishwarya Iyer

dot.LA Engagement Intern Colleen Tufts contributed to this post.

Want to hear more of the Behind Her Empire podcast? Subscribe on Stitcher, Apple Podcasts, Spotify, iHeart Radio or wherever you get your podcasts.

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NFT Startup Unblocked Raises New Funding, Teases Collectibles Beyond Music

Harri Weber

Do you know something we should know about L.A. tech or venture capital? Reach out securely via Signal: +1 917 434 4978.

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Courtesy of Unblocked

Backed by venture giant Tiger Global, Jay Z’s Marcy Venture Partners and pop star Shawn Mendez, NFT startup Unblocked could soon move into ventures beyond music after closing on a $10 million seed funding round.

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Can You Drink an NFT? Why These LA Beverage Brands Are Experimenting With the Blockchain

Perrin Davidson
Perrin Davidson is the publisher of⁣ LAeats, an L.A.-based food community covering the food industry, food entertainment and food tech.
Image courtesy of Bored Breakfast Club

While you can’t drink an NFT, that isn’t stopping some beverage startups from looking to capitalize on the blockchain-enabled craze.

Non-fungible tokens have gained traction in the art world, where artists and creators are using the digital assets to create closer connections with fans and collectors.

The idea of building a creative community around a product is not unfamiliar to beverage brands. After all, generations of beverage aficionados gave us the concept of the bar, the tea house and the coffee joint.

As brands increasingly take to the digital world to increase their exposure, many beverage companies are now experimenting with NFT technology to build interest around their products. Budweiser, for instance, recently signed a deal to mint collectible tokens, as have Bacardi, Fountain Hard Seltzer and the Robert Mondavi Winery.

Three new L.A.-based beverage brands–Bored Breakfast Club, Yerb and Leisure Project–are also using the blockchain to build their companies and engage with customers in different ways. Each is using NFTs to kickstart their direct-to-consumer businesses and build interest in their brands.

The goal is to use the transparency and equity inherent in blockchain technology to attract early adopters—giving them an opportunity to test ideas and products before they’re finalized—and encourage them to invest in a community built around their drinks.

Time will tell if each brand can deliver on that promise.

Bored Breakfast Club Bored Breakfast Club's NFT tokens feature the Bored Ape characters and serve as a subscription membership.

Bored Breakfast Club

One L.A.-based effort, Bored Breakfast Club, has looked to leverage the popularity of Bored Ape collectible NFTs to help jump start a new coffee subscription service.

Frogtown-based marketing agency Kley is leading the effort to use Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) intellectual property to build direct-to-consumer coffee subscription memberships that are sold as NFTs on the Ethereum blockchain. The tokens themselves feature a breakfast scene that include BAYC and MAYC characters, and each functions as a coffee subscription membership.

BAYC and MAYC are considered two of the most popular and expensive NFT collections, according to OpenSea, a secondary NFT marketplace that also tracks their value. BYAC NFTs are valued at approximately 74.69 ETH ($244,041) on the platform.

Kley co-founder Brad Klemmer said the idea was to parlay the success of the Bored Apes brand into a new direct-to-consumer offering. Owners of the NFTs get two free coffee shipments and the possibility of more, if the project is a success.

Klemmer said the idea is to build a regular clientele for his coffee brand by shipping it directly to consumers, rather than relying on them to go to a coffee shop or grocery store. “You need a brand and community that puts their product on [consumers’] doorstep on a weekly basis,” he said.

Bored Breakfast Club launched the project on Jan. 10, offering 5,000 NFTs for .08 ETH (approx. $250) each, and promising token holders they would receive a 12-ounce bag of a different variety of coffee for each of two NFT sales thresholds the company surpassed. The NFTs have since sold out, meaning that the project will ship two bags of coffee to each token holder by the end of the month. The company has also created a “community coffee wallet” that could entitle token holders to still more coffee.

Bored Breakfast Club A graphic explains Bored Breakfast Club's "wallet" concept.

That’s because the “wallet“ collects funds from a 5% royalty on its NFTs that are bought and sold on the secondary market. Once it collects enough funds, the company will send additional blends to its 5,000 token holders. (Klemmer said they’re waiting to get data from their initial shipments to determine how much it will cost to ship additional bags). That communal “wallet“ will also pay to produce extra bags of coffee and Bored Breakfast Club merchandise to sell to non-NFT holders.

Klemmer said he sees the NFT offerings as a “fun way to buy coffee.” Also, there were “similarities around NFT communities engaging with each other and what the DTC subscription model is trying to be.”

Bored Breakfast Club works with Yes Plz Coffee, which sources, roasts, packages and delivers the coffee to NFT holders.

Yerb yerba mate drink

Yerb

Yerb was born out of entrepreneur Brett Fink's habit of drinking yerba mate with friends, many of them creatives who were looking for a coffee alternative. The traditional South American drink is said to provide a calmer caffeine-imbibing experience than coffee.

Like Bored Breakfast Club, Fink is hoping to use NFTs to drum up interest in his business early on. But instead of relying on the popularity of a particular NFT brand, Fink sees an opportunity to use the blockchain to heighten awareness of his own brand and, hopefully, develop buy-in for its first product.

Fink, who has past experience building and growing consumer-packaged good (CPG) brands, including cannabis brands, thinks NFTs can help build a creative community around a product.

“If you believe what we believe, and want to create a product for the creative process, you can benefit from it, as there is a massive untapped opportunity in NFT and CPG projects,” Fink said. “You need to get people to believe what you believe, then have them be involved and take ownership of that product.”

Yerb’s first yerba mate drink will be bottled in 12-ounce cans but sold through NFTs that cost 0.039 ETH (approx. $77 USD). The company started offering the tokens in February of last year; each entitles the holder to six cans of Yerb’s first release, as well as an additional six-pack of cans every year that they hold the NFT. Yerb is hoping that the offer will help it identify early adopters who will buy-in to the brand as repeat customers.

Non-NFT holders will be able to purchase the drinks once token holders receive the first shipment. Yerb is targeting April 2022 for that release after hitting supply chain issues last year.

Leisure Project

Leisure Project

Venice-based Leisure Project is taking a similar approach to Yerb by targeting creatives with an emphasis on community development.

The startup, which bills itself as “the world’s first co-created beverage brand,” hopes to market a kind of natural Gatorade for entrepreneurs, creators and innovators.

Leisure Project was started by former NCAA Division I athletes and brothers Steve Michaelsen, who works at Nike LA, and Alex Michaelsen, who works at TikTok marketing agency GO Ventures in Beverly Hills. The brothers, who have been bootstrapping the project themselves, have spent almost two years creating the brand’s first three flavors.

In December, the Michaelsens announced plans to experiment with minting NFTs that would provide token holders with the first run of their beverages, cheaper pricing on additional flavors and the opportunity to pitch new products. Leisure Project has been sampling its drinks at local NFT events to drum up publicity.

Down the line, the company hopes to use the blockchain to give token holders access to a yet-to-be-defined “creator database” of potential partners and grants.

Leisure Project is in its early stages, but its founders hope establishing buy-in through NFTs and social platforms like Discord will help build an authentic community for their brand, and give them a potentially vital advantage over more-established competitors. “Big brands can’t go backwards and do something community-orientated after the fact,” Steve Michaelson said.

Correction: An earlier version of this post said Bored Breakfast Club would ship four bags of coffee to early NFT holders as sales thresholds were met. The company has since changed that number to two.

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