Journey from Goldman Sachs to homemade dog food is a long tale
Published 15/05/2016 | 02:30
A young Irishman has left a job at Goldman Sachs to set up a company making homemade dog food.
Kevin Glynn (26), who previously worked on the sales and trading desk in Goldman, is one of the brains behind Butternut Box - which delivers boxes of fresh dog food to homes across London.
His co-founder David Nolan also worked with him at Goldman, and started on the same day.
"What we had been doing is working in Goldman and then on the weekends we could plot around what we wanted to do, tweak the business model, refine recipes, pack and cook on the Saturdays and then on Sundays we would deliver food to our client base.
"We were in Goldman, and we had learned a huge amount - in our opinion it's the best place to work in finance. The culture that's created, the attention to detail, clients come first. We're quite entrepreneurial ourselves and we'd been toying around with different ideas.
"It just got to a point we had this amazing idea, we thought anyway. We tested it out, we got great feedback amongst other people, we had people wanting to refer us on to other people, so we knew we were on to a winner.
"People consider pets like a member of a family, and our whole ethos was they should be fed as such, and when we looked around, what we saw was that when you generally go into a supermarket, you'd be picking up a can of pet food beside a washing up detergent - there was no love behind it...
"We test all the food on ourselves, so everything that comes out of our kitchen is first eaten by one of the co-founders... it's just again highlighting the theme of humanisation of pet food."
The company currently produces beef, chicken, and turkey dishes that can be stored in the fridge. Other ingredients used include lentils, mixed rosemary and flaxseed.
"We want to give that variety... I wouldn't want to be fed chicken every day of my life. We're going to build more, we're going to fish, we're going to do lamb."
Glynn said two former colleagues in Goldman had invested money in the business. Typically the company provides enough dishes to last a week and then replenishes clients’ stock.
"We're self-sufficient up to August or September, and then we'll be looking to do a bigger seed round, and the idea of that would be to bridge us on to a Series A, numbers dependent, and tweaking the business model as well."
Sunday Indo Business