Podcast appearances and mentions of david rabie

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Best podcasts about david rabie

Latest podcast episodes about david rabie

DealMakers
David Rabie On Raising $100 Million To Bring You Chef-Crafted Meals That Only Require 1 Minute Of Prep

DealMakers

Play Episode Listen Later Oct 27, 2023 31:05


In a recent episode of the Dealmakers' Podcast, entrepreneur David Rabie shared his inspiring journey from childhood dreams to building a groundbreaking company. David's story is a testament to the power of passion, resilience, and unwavering focus. Here, we delve into key takeaways from his interview, offering invaluable insights for aspiring entrepreneurs.

Future of Work
Back in the Office

Future of Work

Play Episode Listen Later May 18, 2023 28:34


Tovala Founder & CEO David Rabie talks return to office, company culture, and employee experience at Tovala and discusses lessons learned from the pandemic.MCCSRealty.com. Helping office tenants embrace the new normal.

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The Nick Halaris Show
Episode 05: David Rabie

The Nick Halaris Show

Play Episode Listen Later May 16, 2023 66:41


In this episode, Nick welcomes David Rabie, the founder and CEO of Tovala, a venture-backed company revolutionizing the food industry.  Nick and David discuss the ins and outs of the business, examine issues in the food supply chain, and explore dynamics in the venture capital world.  David reveals some unexpected leadership lessons learned from managing a high-growth startup in unusual and challenging times. You can follow @NickHalaris on Instagram and Twitter for all the Nick Halaris Show Updates.  To receive Nick's weekly Profit+ Newsletter subscribe at https://nickhalaris.beehiiv.com/

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The Multiplier Effect
Jason Wenk & David Rabie — Founder to Founder: Scaling in Strange Times—People, Values, & the Quest to Nail Company Culture

The Multiplier Effect

Play Episode Listen Later Dec 16, 2022 31:21


Jason Wenk is a writer, a math geek, an investment systems developer and the founder of Altruist, a fast-growing fintech startup. David Rabie is a self-professed food nut and co-founder and CEO at Chicago-based Tovala, a smart oven and fresh meal delivery service that offers a time-saving, high-quality way to eat well at home. What do these two have in common aside from being “Midwest nice?” They're both navigating leading teams of people at fast-growing scaleup companies in a world of quiet quitting, remote work and changing attitudes about…basically everything work related. In this episode, Jason and David dig into all things company culture. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/endeavornorthamerica/message Support this podcast: https://anchor.fm/endeavornorthamerica/support

Unstuck
EP35 - David Rabie (Co-Founder & CEO at Tovala)

Unstuck

Play Episode Listen Later Nov 15, 2022 34:23


Dave Rabie is a natural entrepreneur that is fanatical about food. While at Booth Business School in Chicago he discovered a way to blend his two passions into an exciting culinary adventure. His multifaceted cooking business Tovala takes the hassle out of dinnertime by delivering high quality ingredients to your home. The magic of Tovala is that they cook the meal for you too! It was difficult to transform this innovative idea into a business model but Dave and Tovala pulled it off. In this episode he explains how they grew 10% - 20% per week once they found product market fit. Tovala is now employing more than 130 people and Dave has ‘become a leader as well as a doer'!

Up Next In Commerce
Cracking The Code To Growth and Scale

Up Next In Commerce

Play Episode Listen Later Jul 5, 2022 30:24


Is a good idea or useful product enough to launch a company? Not according to David Rabie, the Founder and CEO of Tovala. He learned that lesson the hard way. From its humble beginnings to a top-ranked home-cooked meal delivery service, Tovala now ships more than 100,000 meals every month and is finding success on multiple platforms. What has David learned along the way? Find out on this episode!Tune in to learn:What is Tovala? (6:55)How did Tovala crack the code for growth? (13:00)What is it like to be featured on Oprah's favorite things list? (21:00)Where to find new customers (22:55)Mentions:What a CEO Does, by Fred WilsonShoe DogBad BloodThe Hard Thing About Hard ThingsUp Next in Commerce is brought to you by Salesforce Commerce Cloud. Learn more at http://www.salesforce.com/commerce Mission.org is a media studio producing content for world-class clients. Learn more at http://www.mission.org.

Innovation with Mark Peter Davis
Tovala: Building a Subscription Unicorn with David Rabie, Co-Founder & CEO of Tovala

Innovation with Mark Peter Davis

Play Episode Listen Later Feb 3, 2022 47:16


This week I chatted with David Rabie, Co-Founder & CEO of Tovala. As Tovala puts it, they provide impossibly convenient home-cooking. They invented a smart oven that perfectly cooks the chef-crafted meals that they offer, which makes them an interesting part hardware / part subscription hybrid. Between choosing what to eat, buying the ingredients, cooking the food and cleaning up the dishes, people spend a lot of time in the kitchen. Tovala has created a solution that streamlines that whole process and still gets you a home-cooked meal at the end of it. They've been gaining traction and were  actually on Oprah's 2021 Favorite Things List. Interplay is proud to be an investor. During the chat we discussed the ins and outs of Tovala - including the in-depth shipping process that's required to efficiently and safely deliver ready to cook food, how David came to start Tovala and much more. Enjoy. Show Links:  Follow us on Twitter: http://twitter.com/tovalafood (@tovalafood) / http://twitter.com/mpd (@mpd) Podcast Links: http://mpd.me (Website), https://www.youtube.com/channel/UCua7T3uyg6IQeSbYyNKT_Iw (YouTube), https://twitter.com/mpd (Twitter), https://www.facebook.com/innovationwithmpd (Facebook), https://www.linkedin.com/company/innovationwithmpd (LinkedIn)

Over the Air — IoT, Connected Devices, & the Journey
The Recipe For Creating a Culinary Connected Device

Over the Air — IoT, Connected Devices, & the Journey

Play Episode Listen Later Nov 9, 2021 33:31


It's hard enough to marry the worlds of hardware and software when creating a connected device. Imagine throwing another specialized discipline with its own language and rigid ways of working into the development process too. That's exactly what David Rabie, Founder & CEO at Tovala, dealt with in creating a company that pairs a smart oven with a meal delivery service. In this episode, he describes how they established a culture of collaboration that brought all three disciplines together under a unified mission. Topics covered: Bridging the worlds of culinary and tech The strategy behind using Kickstarter How a marketing pivot drove new growth How finding product-market fit led to operational challenges Our exclusive discount code for Tovala to purchase the oven for $89 and includes six orders is: verypossible Never miss an episode of Over The Air by subscribing wherever you listen to podcasts. Listening on a desktop & can't see the links? Just search for Over the Air in your favorite podcast player.

Over the Air — IoT, Connected Devices, & the Journey
The Recipe For Creating a Culinary Connected Device

Over the Air — IoT, Connected Devices, & the Journey

Play Episode Listen Later Nov 9, 2021 33:31


It's hard enough to marry the worlds of hardware and software when creating a connected device. Imagine throwing another specialized discipline with its own language and rigid ways of working into the development process too. That's exactly what David Rabie, Founder & CEO at Tovala, dealt with in creating a company that pairs a smart oven with a meal delivery service. In this episode, he describes how they established a culture of collaboration that brought all three disciplines together under a unified mission. Topics covered: Bridging the worlds of culinary and tech The strategy behind using Kickstarter How a marketing pivot drove new growth How finding product-market fit led to operational challenges Our exclusive discount code for Tovala to purchase the oven for $89 and includes six orders is: verypossible Never miss an episode of Over The Air by subscribing wherever you listen to podcasts. Listening on a desktop & can't see the links? Just search for Over the Air in your favorite podcast player.

How I Raised It - The podcast where we interview startup founders who raised capital.
Ep. 203 How I Raised It With David Rabie Of Tovala.com

How I Raised It - The podcast where we interview startup founders who raised capital.

Play Episode Listen Later Jun 3, 2021 37:20


Produced by Foundersuite (www.foundersuite.com), "How I Raised It" goes behind the scenes with startup founders who have raised capital. This episode is with David Rabie of Tovala.com, an AI powered oven and meal kit subscription business. In this episode, David talks about raising capital for a hardware startup, going through Y Combinator, doing an Angellist Syndicate, what has changed between the Series A and Series C rounds, the Chicago startup scene, and much more. The Company most recently raised a $30M Series C funding round led by Left Lane Capital, with participation from previous investors Finistere Ventures, Comcast Ventures, OurCrowd, Origin Ventures, Pritzker Group Venture Capital, and Joe Mansueto. How I Raised It is produced by Foundersuite, makers of software to raise capital and manage investor relations. Foundersuite's customers have raised over $3 Billion since 2016. Create a free account at https://www.foundersuite.com/

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Chicago Capital
David Rabie @ Tovala On Recent Series C, Staying Lean As A FoodTech Startup, And Why Tovala Chose Chicago over Silicon Valley

Chicago Capital

Play Episode Listen Later Mar 10, 2021 26:47


David Rabie is the co-founder and CEO of Tovala, a FoodTech service built for the busiest people. Based in Chicago, Tovala prepares and delivers fresh meals that can be cooked to perfection in its proprietary oven.David grew up in Southern California and moved to Chicago in 2013 to attain his MBA from the University of Chicago Booth School of Business. While completing his MBA, David realized that he wanted to solve the modern professional's problem of cooking a convenient, healthy, and quick home meal. Since then, Tovala has clearly achieved product-market fit and successfully scaled to a growth-stage company. Tovala grew its revenue by 10x in the last year and a half and has surpassed 3 million meals shipped nationwide. The company has also successfully raised multiple rounds of financing, including a recent $30 million series C investment. David spoke with Matt about the background of Tovala, their early growth challenges, how his leadership role has changed, and why he chose Chicago over Silicon Valley.Please Enjoy

#WeGotGoals
David Rabie, Founder and CEO of Tovala, Heats up His Big Goals

#WeGotGoals

Play Episode Listen Later Oct 28, 2020 25:44


Over the years of hosting #WeGotGoals, we’ve heard a lot of founders tell us that they want to “Revolutionize X” or “Shake up Y.” But when David Rabie, the founder and CEO of Tovala told me that he's going to “revolutionize home cooking,” I absolutely believe him. That's because I talked to him three years ago just after Tovala started selling to the masses, and I've watched the company deliver on the promises they made. Tovala’s countertop cooking device uses a barcode to tell a smart oven how to combine steaming, convection, broiling and toasting to produce a *chef’s kiss* meal. And they promise less than a minute of prep. Rabie says that’s all intended to give you “the best parts of home cooking, but none of the messy stuff – like prepping.” Salmon, he said, will steam, bake and broil as it cooks, giving you a perfectly baked, caramelized meal. But the journey from idea to that smart counter-top oven has been winding, rewarding, and full of the kind of moments that occupy entrepreneurs' dreams. In this week's episode of #WeGotGoals, you'll hear about Tovala's journey to winning the New Venture Challenge at The University of Chicago's Booth School of Business, their time at Y-Combinator, and their successful kick-starter campaign – which, by the way, meant that the company had to build a food production process and fulfill 1,000 orders. At the time of our interview, Rabie had recently closed a $20 million funding round - the company's Series-B. And as he put it, "Yeah, that's a lot of money."   Resources: Learn more about Tovala and check out its weekly menu If you want to reminisce at how far company has come, look back at the sheer delight as Tovala (originally named Maestro) won the New Venture Challenge at the University of Chicago, Booth School of Business Learn more about Y Combinator and go to their free Start-up School, you don’t even have to apply for that. Find Tovala and its menu online and look for a really incredible deal for both Black Friday and Cyber Monday. The Tovala Smart Oven, which normally retails for $299, will be on sale for Black Friday and Cyber Monday for just $99 with 6 meal deliveries. You can also get a deal with the code ASWEATLIFE for $50 off before 1/31/2021. If you love this episode as much as we do, subscribe to the #WeGotGoals podcast wherever you like to listen to podcasts, including on Apple and Spotify (and hey, leave us a rating while you’re at it!).

Success Unfiltered
Episode 155 | David Rabie Shares How to Make an Impact on Investors and Raise the Money You Need

Success Unfiltered

Play Episode Listen Later Aug 10, 2020 36:39


Do you have what it takes to raise the money you need to turn your business idea into an actual business? The truth is, entrepreneurs often find themselves needing money to get things going, but they also need to get things going enough so they can prove their idea will work. But how do you prove your value and show your ability to execute to investors? In this episode of Success Unfiltered, David Rabie of Tovala shares how he went from having zero experience raising money to successfully getting several rounds of investments to turn his business school idea into an operating and quickly growing company. Tovala is a revolutionary in-home cooking solution that combines a smart oven and fresh meal delivery service to make home cooking completely effortless. David leads the company while ensuring every decision stands by the founding vision. Tovala’s mission is to make it easier for people to eat well. As co-founder and CEO, Rabie has taken the company from an idea in business school to an operating and quickly growing company - with Tovala ovens and meals now in thousands of homes across the U.S.  If you’re intimidated by the process of raising money and finding the right investors for your business, this episode is a must-listen!   Here’s a few things we talked about: David shares a little bit about Tovala and the first big rejection he faced in business David shares the difficult first round of raising money in order to build the team they needed The biggest challenge David faced raising money that had nothing to do with the viability of his idea Why a strong support system was key for David to keep pushing forward when things got tough David shares the importance of following up to not only create relationships but to also show you can get things done The biggest factor in a successful follow up system for fundraising The major mistake David made early on in presenting his product to investors and what he would have done differently Why David decided to say NO to a big investor (even though it cost him an huge amount of investment money) and why it’s so important to set boundaries on who you will to do business with David shares what he would tell his younger self Connect with Tovala: Website Instagram   Enjoy, and thank you for tuning into Success Unfiltered! To share your thoughts: Email The Pitch Queen @ hello@thepitchqueen.com Ask a question over at www.ThePitchQueen.com Share Success Unfiltered on Twitter, Facebook, Instagram, & LinkedIn  To help the show out: Please leave an honest review on iTunes. Your ratings and reviews really help and I read each one. Subscribe to the show on iTunes. Music produced by Deejay-O  www.iamdeejayo.com

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The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private E
230. Crisis Coverage w/ David Rabie - Finding PMF, Raising Series B, & Navigating a Startup Amidst the Pandemic

The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private E

Play Episode Listen Later Jun 8, 2020 46:35


David Rabie of Tovala joins Nick on a special Crisis Coverage installment to discuss Finding PMF, Raising Series B, & Navigating a Startup Amidst the Pandemic. In this episode, we cover: I was just checking and we had you on the show back in March of 2016... that was over 4 years ago, pre-launch, during your Kickstarter campaign.  So crazy how much time has passed.  Can you refresh us on the origin story of Tovala... We've invested in the pre-seed, seed, Series A and now Series B round... and we're fortunate to have a front row seat while  you and the team built an amazing company but bring the audience up-to-speed on the last few years... what have been the key milestones/inflection points? Your revenue was strong, hovering near mid seven figures ARR, until Q3 2019 when it took off at a growth rate like I've never seen... accelerating past $10M ARR and continue a rapid growth rate, even during the crisis.  What changed that caused the ramp? How do you define PMF and when did you know you reached it? What tech companies do you compare yourself to and how do you measure up? North Star Metrics?  LTV, Payback, Yearly Spend, Retention? Overall, how has the crisis affected your business? What are the major levers/measures you've taken to reduce cost? Talk to us about raising the B round -- and How it was trying to raise as the pandemic hit? Let's talk about what's next for Tovala...  On the oven side of the business... currently consumers have to purchase your smart steam oven -- a countertop device similar to a toaster oven.  What does the future look like on the hardware side and is the Tovala countertop steam oven always going to be necessary to enjoy Tovala food? And the food itself... what are some options available to expand meal kits available beyond just Tovala's kitchen? Any other strategic partnerships or growth channels that are high priority opportunities for you after closing the B round? Greek chicken and vegetable pita... Any plans for breakfast or lunch? From my family members... When are you going to have a pizza or a hamburger? How would you describe your leadership style and the culture you've established at Tovala? What advice would you have for founders building a D2C tech company? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.

Baily Hancock Presents: Stop, Collaborate & Listen
38: David Rabie, Co-Founder & CEO of Tovala

Baily Hancock Presents: Stop, Collaborate & Listen

Play Episode Listen Later Nov 25, 2019 51:31


David Rabie, Co-Founder & CEO of Tovala joins Baily to talk about leveraging his network to always get a warm introduction to the companies he's interested in building relationships and potentially partnering with, gaining credibility through strategic partnerships with well-respected companies (like LG) to market Tovala and raise money, and collaborating internally across various departments and with his Co-Founder to ensure ongoing company success and open communication. Visit http://bailyhancock.com/scl/38 for the complete show notes

Baily Hancock Presents: Stop, Collaborate & Listen
38: David Rabie, Co-Founder & CEO of Tovala

Baily Hancock Presents: Stop, Collaborate & Listen

Play Episode Listen Later Nov 25, 2019 51:31


David Rabie, Co-Founder & CEO of Tovala joins Baily to talk about leveraging his network to always get a warm introduction to the companies he’s interested in building relationships and potentially partnering with, gaining credibility through strategic partnerships with well-respected companies (like LG) to market Tovala and raise money, and collaborating internally across various departments and with his Co-Founder to ensure ongoing company success and open communication. Visit http://bailyhancock.com/stop-collaborate-listen-podcast/38 for the complete show notes

Indie Hackers
#074 – How to Build a Complex Hardware Business by Starting Simple with David Rabie of Tovala

Indie Hackers

Play Episode Listen Later Nov 2, 2018 55:14


David Rabie (@davidrabie), the founder of Tovala, set out to build one of the most complex businesses imaginable: a hardware device, a software application, and a food prep and delivery service all-in-one. In this interview, we talk about how he approached this challenge one step at a time, from carefully crafting the minimum viable product and making the necessary sacrifices to get to the next step, to delivering a popular product to thousands of paying customers.Transcript, speaker information, and more: https://www.indiehackers.com/podcast/074-david-rabie-of-tovala

Origin Ventures Podcast
Solving the Dinner Problem with Tovala CEO David Rabie (Devon)

Origin Ventures Podcast

Play Episode Listen Later Sep 14, 2018 33:52


[Startup Series] Tovala co-founder and CEO David Rabie and Devon discuss how David created and built his "dinner solution," the Tovala oven and meal kit service. They also touch on the experience David gained at yCombinator, funding his product via Kickstarter, building a strong team, relationships with investors, and much more. Intro and outro music is "Origin." by Misc.Inc

52 Founders
Episode 43: David Rabie, Tovala

52 Founders

Play Episode Listen Later Sep 26, 2017 24:01


In this episode, you’ll hear about: -How Tovala controls the entire end-to-end experience of each meal, from sourcing the ingredients to creating unique recipes with its in-house chefs -David’s background in the food industry, and how he found himself creating Tovala shortly after arriving at Chicago Booth -How the advice David received from the founders of Airbnb helped him go after such a bold idea -The decision to go through Y Combinator after winning Booth’s New Venture Challenge, and how it gave the Tovala team an excuse to focus on nothing but the business for a few months -The benefits to growing an IoT startup in the Midwest, and how it has allowed Tovala to rapidly scale -How David’s parents, who are both Iranian immigrants, molded his ideas on entrepreneurship and healthy eating Catch the end of the show, where David shares another Chicago startup he’s a fan of and the founder he’s most keen to interview. P.S. Thanks to 52 Founders alumn Kevin Marvinac for the intro!

INspired INsider with Dr. Jeremy Weisz
Successful Product Introduction with David Rabie of Tovala

INspired INsider with Dr. Jeremy Weisz

Play Episode Listen Later Jan 26, 2017 62:16


David Rabie is the Founder of Tovala which is a Smart Oven that is paired with a meal delivery service. Essentially you get a fresh healthy packaged meal delivered and you scan the package and pop it in the Smart Oven and it knows the precise time and method to cook the meal to perfection whether it be broiling, baking, steaming or convection. They sold 250K worth of Tovala ovens on Kickstarter and 100K of that in one day. They also won the University of Chicago New Venture Challenge in 2015. To date they have raised over 700K. In this episode… How an innovator meets and overcomes challenges on their journey says a lot about their character and internal fortitude. One of the many obstacles entrepreneurs like David Robie face is tackling critical feedback. David and his company Tovala have been gearing up for the product introduction of their new Smart Oven. Using his business savvy, David has sought out and embraced critiques and tough feedback for his product. A huge part of this process is incorporating the use of focus groups and beta testing before product launch. It can be tempting for innovators to take this kind of feedback personally. Only the most driven and wise leaders rise above and push through criticism and even embrace it to see their products thrive in the marketplace. Assembling a stellar team can make or break a successful product introduction. A quality team is so vital to the success of today’s startups that small business accelerator, Y Combinator largely rejects innovators that don’t have a solid team built around them. Entrepreneur David Rabie credits much of his products success and popularity to his all-star team. He has high caliber individuals that have brought key advice, feedback, and contributions to the development of Tovala’s Smart Oven. They are poised now for a smooth and successful product launch in Spring 2017 because of the essential contributions and collaboration fostered by this amazing team. To hear more about the necessity of building a quality team and more from David’s story - listen to this episode of Inspired Insider. The digital age has brought about many changes in the realm of startups and product introduction. An amazing tool for innovators and entrepreneurs in this new digital age is the crowdsourcing website Kickstarter. Kickstarter has facilitated thousands of product launches over the years as it has gained notoriety. Tovala founder David Rabie has enjoyed using this platform to gather a tribe around his innovative product, a Smart Oven. Listen to Jeremy's conversation with David that centers around his great success and even some challenges on this episode of Inspired Insider. The age old question - what did you want to be when you were a child? It makes for a great icebreaker question but it’s also a fun question to ask an entrepreneur like David Rabie. From childhood, David has dreamed of owning his own business. David attributes this largely to the influence of growing up as a child of immigrants. His parents immigrated from Iran to America in the late 1970’s. For the majority of his life, all David knew was his father working as his own boss. So fast-forward to today and David is a successful business leader who is poised to launch his company’s first product; the Tovala Smart Oven in Spring 2017. Hear more about David’s road to success on this episode of Inspired Insider. A product launch date for founders of new startups can be like anticipating the arrival of a new child in many ways. The whole range of emotions are there; nervousness, jitters, joy, pride, anxiety, and much more! Like a proud new father, David Rabie of Tovala is fired up about his company’s upcoming product launch. He should be! The Tovala Smart Oven is an amazing product. David’s enthusiasm is around the great service his product will bring to people of all backgrounds - he’s even excited to use it in his own home! Learn from David’s fascinating journey on this episode of Inspired Insider. Here’s a glimpse of what you’ll learn: [0:50] Jeremy’s introduction of David Rabie and this episode. [1:50] David talks about developing his first prototype oven. [3:10] What caused David to pivot and make changes to his product? [6:00] David talks about innovation his team engaged in. [7:00] Where is all this happening? [8:30] David talks about one of the pivotal moments in his company’s success. [9:30] What is some of the best advice and input David has received from his co-founder? [10:20] What was the reason David and his team chose to incorporate steam? [11:30] David talks about building a great team. [17:30] How did David recruit his team to get on board with his vision? [19:30] What are some of the common objections David receives to his product? [23:00] What’s been one of the hardest questions David has received from investors? [24:00] What are some of the challenges to developing the physical product? [26:20] David talks about food challenges. [28:30] Working with focus groups and beta testing. [32:30] David talks about applying to and getting involved with Y Combinator. [38:30] Critical feedback and advice from the folks at Y Combinator. [40:30] David talks about Kickstarter success. [43:00] David talks about the Tovala launch. [44:20] Lessons from David’s experience in PR and in the food industry. [47:30] Growing up as the son of immigrants. [51:30] David talks about traveling around the world and his time in China. [53:30] What excites David about the product launch? [54:30] How can people get a Tovala oven? How do they order food? [56:04] What has been the lowest moment on this journey for David? How did he push through? What was the proudest moment? Resources Mentioned on this episode Tovala’s Kickstarter Page Tovala's website Business Insider article on Tovala Grubhub Y Combinator New Venture Challenge   Sponsor for this episode One of our sponsor today is www.Rise25.com where entrepreneurs of 6,7, and 8 figure businesses come together live and in person every few months to solve their biggest business challenges through this high-level Mastermind group. Each member leaves each week with lifelong friendships and actionable steps to take their business to the next level. Check out Rise25.com - a group run by myself and cofounder John Corcoran. Rise 25 is application only.

INspired INsider with Dr. Jeremy Weisz
[One Question] The Pressure to Exceed Expectations with David Rabie of Tovala.com

INspired INsider with Dr. Jeremy Weisz

Play Episode Listen Later Oct 18, 2016 7:52


no stranger to that pressure. David is founder of Tovala, a smart oven that is paired with a meal delivery service. With Tovala you get a fresh, healthy, packaged meal delivered to you. You scan the package and pop it in the smart oven and it knows the precise time and method to cook that meal to perfection -  by broiling, baking, steaming, or convection. On Kickstarter David’s team sold $250,000 worth of Tovala ovens and $100,000 of that total in one day. Tovala won the University of Chicago New Venture Challenge in 2015. To date they have raised over 700K. Here’s a glimpse of what you’ll learn: [0:10] Jeremy’s introduction to this episode with David Rabie. [1:53] David’s lowest moment in business: Trying to live up to expectations. [3:20] How David kept going with little response to his product. [4:22] David’s proudest moments. [7:07] Lessons learned for those trying to get their ideas into the world. In this episode… Every startup wants to exceed expectations - of their customers and their investors. When that happens everybody is happy and the company is clearly on the path to success. Today’s episode with David Rabie unpacks the pressure that comes with that desire. If you want to see things through the eyes of a startup founder, this episode is for you. It’s interesting that the pressure to exceed expectations is what David Rabie shared as what made for his lowest moments in business. The initial support Tovala received via Kickstarter immediately turned on the pressure to deliver an incredible product. The struggle he experienced in trying to live up to that expectation is what David shares. How do you endure the pressure cooker of a startup? How do you keep going when the discouraging or challenging obstacles crop up? On this episode, David Rabie shares the role endurance and determination played in sticking with the company game plan when difficulties arose. He describes the great outcome that came of it as well. If you need encouragement on your entrepreneurial journey, David’s story will be a great help to you. When you’re building a business of any sort you don’t truly know what to expect - but you do know that the expectations that you succeed are high on many different levels. David Rabie and his team learned through the struggle that pressing forward in the hardest times is what makes the difference between companies that fail and those that succeed. Hear more on this episode. If you are looking for an environment where you can receive business mentoring and brainstorming opportunities alongside a group of fellow entrepreneurs who are walking the same path as you, today’s sponsor of Inspired Insider may be just the thing you’re looking for. Rise25 is a mastermind group like no other. Find out more about this invite-only group by listening to this episode. Resources Mentioned on this episode www.Tovala.com www.Kickstarter.com   Sponsors for this episode Our sponsor today is www.Rise25.com where entrepreneurs of 6,7, and 8 figure businesses come together live and in person every few months to solve their biggest business challenges through this high-level Mastermind group. Each member leaves each week with lifelong friendships and actionable steps to take their business to the next level. Check out Rise25.com - a group run by myself and cofounder John Corcoran. Rise 25 is application only.  

Tech In Chicago
The Future Of Food Tech & How To Raise $100k In Your First Day On Kickstarter - David Rabie / Founder of Tovala

Tech In Chicago

Play Episode Listen Later Jun 22, 2016 25:40


David Rabie is the Founder and CEO of Tovala, the creator of a smart oven that cooks perfectly made meals by baking, boiling and steaming them in under 30 minutes. The meals can either be delivered prepackaged from Tovala or be made using a crowdsourced recipe. Last winter, Tovala graduated from Y-Combinator and a few months ago Tovala launched a successful Kickstarter campaign that raised $255,603 with over 1,000 backers. Before starting Tovala, David was an MBA at Chicago Booth, and he worked for the co-founder and CEO of Veggie Grill and ran Groovy Spoon – a bi-coastal chain of frozen yogurt stores. He also spent time working at Google and Foundation Capital.  listen on iTunes listen on google play In This Episode You Will Learn: Why he decided to pair food delivery with a smart oven How they came up with the name Tovala How David found his first engineer How they decided on the price of the oven and the food How they prepared for their successful Kickstarter campaign What they got out of Y-Combinator?  Why they decided to come back to Chicago after Y-Combinator? Why he wishes he had found a co-founder earlier How to test for cultural fit and avoid mishires The importance of establishing connections with VCs before you need money Selected Links From The Episode: Michael Seibel, Co-founder of Twitch & Partner at Y-Combinator Jason Heltzer, VC at Origin Ventures & Professor at Chicago Booth Favorite Books:  The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz High Output Management by Andrew S. Grove

Art of the Kickstart
Making Home Cooking Simple With Tovala- AOTK135

Art of the Kickstart

Play Episode Listen Later Apr 4, 2016 15:53


This week we spoke with David Rabie of Tovala, the smart oven that makes it easy to create delicious meals at home. Learn more about how his team developed their product, how they prepared for the Kickstarter project and how they quickly hit their $100,000 goal. Tovala: The Smart Oven That Makes Home Cooking Easy Key Crowdfunding Takeaways How to include a subscription model for products that backers will buy later in your rewards How to utilize the crowd after your crowdfunding campaign ends How accelerator programs can help with crowdfunding and product development How to build up a community before launching a crowdfunding campaign How to ramp up press coverage before your campaign begins Why it’s important to test your messaging before your crowdfunding campaign Links Tovala on Kickstarter Good to Great by Jim Collins https://tovala.com/ Connect with Tovala Tovala on Facebook @TovalaFood on Twitter @TovalaFood on Instagram Transcript