Here’s a novel recipe: Start with equal parts of Amazon and Whole Foods. Add a dash of Costco. Blend and serve. What’s in front of you is a healthy serving of Thrive Market, and co-founder and co-CEO Nick Green wants everyone to have a plate.
An e-commerce, membership-based retailer, Thrive Market was founded in 2015 with a mission “to make the world’s highest quality natural and organic products affordable for every American family.” For an annual fee of $60, members get access a broad range of grocery items priced 30–50 percent below retail and shipped free. The model appears to be working: to date, Thrive has attracted over a half-million members with an average annual income of $70,000, according to Green, who joined us for an interview included in this episode of Taste Radio.
As part of our conversation, Green spoke about Thrive’s rapid development and the convergence of trends that have made the platform attractive to investors, brands and consumers. He also explained that while social mission-driven businesses often have “an inherent dynamic tension in between that mission and the business,” for Thrive “they’re actually the same thing.”
“If we make healthy living affordable for everyone, there’s tens of billions of dollars [worth of] business to be built,” Green said. “And if we succeed in building that business, we’re going to have done something really good.”
Also in this episode, we hear short business pitches from the founders of a couple upstart companies — Dave Burchianti, the founder of sparkling juice brand Hubble and Mary Kosir, the founder of WholeMe, a brand of whole food snacks — in the latest edition of Elevator Talk. The pitches are followed by feedback and constructive criticism from the hosts. This episode is presented by RISE Brewing Co.
In this Episode
|2:07: They’re Much Better Live — The hosts chat about the upcoming BevNET Live and NOSH Live Summer 2018 events along with features and content highlights for the shows.|
|9:24: Interview: Nick Greene, Co-founder & Co-CEO, Thrive Market — Thrive is an e-commerce membership-based retailer offering natural and organic food products at reduced costs. BevNET and Project NOSH editor-in-chief Jeff Klineman met with Thrive co-founder and co-CEO Nick Green at Natural Products Expo West 2018 where they discussed the company’s business model and rapid development.|
|37:59: Let’s hear from the founders of a couple upstart companies in an extended edition of Elevator Talk, followed by thoughts and some constructive criticism on their pitches. First up is Dave Burchianti, the founder of sparkling juice brand Hubble followed by Mary Kosir, the founder of WholeMe, a Minneapolis-based brand of whole food snacks.|