👉🏻Register for the ChatGPT & AI workshop for FREE: link.gs.ht/MMB 👉🏻:100% Discount for first 1000 people Reshare this with your friends who will need this 👉🏻:Join the Growthschool’s Top1% AI Community for regular updates: web.growthschool.io/MMBW 0:00 East to West Gold Rush 3:23 Sponsor Break (GrowthSchool) 5:09 From Goliath to David 21:51 Taiwanese Vertical Integration 34:08 Community as a Moat 🧋7 MILES TEA LAB (Hannah) instagram.com/7milestealab/ 2010 Sawtelle Blvd, Los Angeles, CA 90025 🧋ODD ONE OUT TEA (Ron & Pat) instagram.com/oootea.us/ 11301 W Olympic Blvd UNIT 124, Los Angeles, CA 90064 🧋HEY HEY (Chris) instagram.com/heyheydrinks/ 1555 Sunset Blvd, Los Angeles, CA 90026
@FinancialShinanigan
Сағат бұрын
Chewing on boba distracts me from thinking how I paid $7 at Gong cha
@EricBoulton26
36 минут бұрын
True, but better than paying $7 for a generic coffee or pure sugar.
@china_elite2064
2 сағат бұрын
The way Modern MBA pronounced Gong cha, makes me immediately think he's canto
@the-scripture
Сағат бұрын
hahaha wouldnt be surprised if
@markabbott3215
Сағат бұрын
I was thinking Taiwanese
@_BASIC_INSTINCT
43 минут бұрын
all the asians watching this started point at their TV like the leo meme
@labadaba5088
42 минут бұрын
He also has the American Chinese accent, IDK if you're able to tell with this example kzitem.info/news/bejne/wnl72myJqGKZhXY
@codingiswhyicryatnight
48 минут бұрын
I love how Chris talked about learning each separate component of the underlying product, and working at other businesses that did what he wanted to do. Often, you hear about people who try to go into a separate industry to build a business but don't understand the underlying mechanisms. Or, they come in with an ego and feel as though learning the details is below them / that they'll figure it out on the job. He put in the time to understand the tea and I hope it pays off for him.
@joelcartagena9332
2 сағат бұрын
Crazy how it started as a dollar or two and now I can’t find one for less the 4 bucks
@JK8
2 сағат бұрын
You are surprised prices doubled in the last 25 years?
@samelmudir
2 сағат бұрын
Starbucksification of boba
@aerpods
Сағат бұрын
In Canada it’s usually 7-8 dollars 😢
@uumuu
Сағат бұрын
The 1-2 dollar bubble teas were completely different products made with cheap powdered mixes, they were pretty terrible compared to bubble tea now.
@the-scripture
Сағат бұрын
not just boba- everythings up
@asdkotable
56 минут бұрын
What I love about modern boba (post powdered flavouring era) is that you can choose the levels of sugar you want. I love sour drinks, and boba is basically my fix for lightly-sweetened, highly acidic drinks. The closest Western alternative would be smoothies or pressed juices, but they're either always served cold (bkended with ice cubes) which I don't always want, or kinda funky tasting because they try so hard to be healthy that they feel the need to blend several fruits and veggies to make a wacky juice mix.
@tonatiuhcortes9968
34 минут бұрын
Same my favorite drink to get is passion fruit/grapefruit gt w/boba 1/4 sweet. If I want it a lil sweeter I’ll probably get honey/crystal boba instead. My gf HATES it because she has a massive sweet tooth
@newbatthis
Сағат бұрын
I used to live a few blocks from Sawtelle. You aren't kidding about the competition there. Such a high density of amazing restaurants in a small area. I've also tried 7 Miles during one of my trips back to the area. Was pleasantly surprised how good it was!
@pauljones9150
Сағат бұрын
Holy shit that 7 miles lady knows a lot
@JoeBidenFanclub99
2 сағат бұрын
I live in San Francisco and walk by a bubble tea shop on every corner here lol.
@pauljones9150
Сағат бұрын
I LOVE THAT you show how these businesses add community
@bh4462
Сағат бұрын
After seeing just about every American fast food company make a mad dash for Asia+Europe and stagnate in the US in the meantime, it's a bit surreal seeing Asian fast food make their own mad dash into the US now.
@aviaanFGC
2 сағат бұрын
Went to the original 7 Miles location as my go-to for my time living in the LA area, crazy to see it mentioned on the channel!
@BladeRabbit
Сағат бұрын
Damn Hannah went from bubbly to modern MBA herself
@steingrenadier5511
2 сағат бұрын
Seems optimistic that it's supposedly booming. Feels more like a bubble that's about to burst. At least here in South East Asia, when every chain store, franchised or owned, and small businesses try to include boba in their menus to keep up with the trends. In the US, I'd argue the biggest drink competitor isn't other bobas, but chains like Starbucks adopting boba recipes considering that there is an ingredient commonality, a name that can be trusted with an existing customer base, and an existing logistics network.
@jadengrant
Сағат бұрын
Except Starbucks was floundering because they aren't focused on making great coffee. Boba seems to me that it would just serve to be another distraction.
@blindsniper141
Сағат бұрын
Nah the Starbucks bubble tea doesn’t not compare to other chains or smaller shops. At least to me. Starbucks also doesn’t carry all the other flavors too. Had it once there and have not gone back for it since.
@willy2184
26 минут бұрын
Continue interviewing people in the real world, I love to get to hear their perspective. Awesome video
@valeeda8642
26 минут бұрын
All three shops and their owners have such incredible stories. Thanks for sharing!
@Tanaglias
2 сағат бұрын
nfl kicks off and this just dropped. I'm set
@JK8
2 сағат бұрын
Not for another hour. It’s only noon.
@feedthesnake3394
27 минут бұрын
starbucks not replacing closing stores with boba shops is the greatest missed opportunity is history.
@Ziakel
52 минут бұрын
Milk tea used to be $4-5 a few years back where I'm at. Now it's pushing $7-8 before tipping. feelsbadman
@thomashartmann5625
56 минут бұрын
When I was in Taiwan in 2000 I drank so much Boba, they told me Bo Ba means Big Boobs in the local dialect 😂
@captainflapjax7240
24 минут бұрын
Finally a topic i actually personally care about!! Normally im only vaguely interested in the topics because its an upload f4om this channel, but this is finally something that i actually have heard of!
@sugar-rice
15 минут бұрын
It’s super cool how Modern MBA has started making videos specifically for me
@Von199X
Сағат бұрын
DUDE you should interview the Foodpanda former creator.. Foodpanda is huge in Asia
@arcusg6988
Сағат бұрын
This was an amazing video! Love your interviews. It was so interesting to hear the different approaches and mentalities of the different business owners
@mnfchen
Сағат бұрын
Is it weird that I just like the regular, classic boba milk tea? Dont need anything fancy, obly thar the tea, milk, and boba are all high quality.
@osirisra1476
Сағат бұрын
Best channel on KZitem 👌🏾
@ibmjones
48 минут бұрын
Fine, I'll have boba tea wit my lunch.
@Von199X
Сағат бұрын
I don't like milk teas but I do like normal teas like oolong
@timopint1125
Минут бұрын
we had bubble tea shops on every corner for 2 years. all disappeared and never seen again
@ZontarDow
4 минут бұрын
My local ice cream parlours offer bubble tea
@gero4415
49 минут бұрын
The second store is unlikely to survive given most people wont be able to tell the difference in the "extra quality" they provide. The taiwan awards are good marketing gimmick to attract first time buyers, but people ultimately decide on where to go in the future based on their experience vs price ratio of the previous purchases. In the volume business of boba, sophistication doesn't sell since the real value proposition of boba on a biological level is no different than coffee for most people, just a ton sugar to get their daily fix of mental alertness. The third store won't scale because the real product is the owner and the community built over the years.
@tonatiuhcortes9968
39 минут бұрын
My family moved to Las Vegas almost 20 years ago. We would consume boba in California back then and everytime we would go visit family we would ALWAYS go get boba cause there weren’t many places around here in Vegas that had it. Only sit down restaurants but they had basics like mango smoothie w/boba or Thai w/boba. There’s were two local shops that I loved going to but Covid permanently closed both. After Covid the boba shops have exponentially expanded here and most of them are chains. Even the local shops here aren’t as good anymore. Most places sell extremely watered down versions or extremely over sweet like to a point where it’s sickly and I feel it’s to bring in the broader public that isn’t used to those flavors and it’s extremely upsetting. My gf and I have been to so many different shops and there’s only two places worth going again imo. Pre Covid there were only two hole in the wall places to go to and they both go shut down. There were more but hard to find since many weren’t on google. Not there’s only two places even worth going because of how the market has been saturated.
@benlibodi
44 минут бұрын
What I'm hearing is that boba tea is approaching its General Tso moment
@rrogersyt
31 минут бұрын
IDK, this Boba industry feels like another fad to me (like the frozen yogurt fad was). One mall I go to has 4 Boba shops (all pushing samples) within 75 yards of each other.
@jamespolo-j7j
Сағат бұрын
Really well done video. I love hearing the different perspectives.
@aussieexpat
Сағат бұрын
Amazing interviewee.
@DylanPorto45
Сағат бұрын
bro shoulda promoted a trade school smh
@nelswolf
41 минут бұрын
Hopefully coffee eventually also becomes this competitive
@NITROUSOXIDE921
Сағат бұрын
thanks for the video! personally i really don't dig the bubble/boba tea flavour cause of the sweetness mostly. Still, I want to see how far into the future this segment can go. How many more years do you think this can last, 10, 15, 20 years? Is boba tea actually here to stay?
@suros8105
Сағат бұрын
Great video!
@taco7043
31 минут бұрын
So many calories...
@attention_shopping
Сағат бұрын
Great video
@pauljones9150
58 минут бұрын
Omg what an amazing video
@brianalaborious5630
Сағат бұрын
I hate the big brands the best boba are the small stores. They have the most creative boba
@eddiew2325
2 сағат бұрын
If you’re not first you’re last
@pauljones9150
Сағат бұрын
Let's gooooo
@rakshakgupta9512
Сағат бұрын
Nice Stats
@lifeofsui3864
Сағат бұрын
I’m surprised the odd one out don’t get sued by the youtuber of the same name for ripping off the name
@benharris3100
Сағат бұрын
Trademarks are industry specific. If you don't compete in the same industry you can have the same name. Ie you could open McDonald's construction without a lawsuit
@cptnd3851
2 сағат бұрын
it's over though, 99.99% of the country is not los angeles there's a high-margin low-quality independent boba tea shop every few miles in every capital city, and they even started popping up in the far-off suburbs because off how so easy and low-cost they are. after I had one of these terrible drinks haven't thought about getting one since, even though I used to get one or two a month in the past
@josephtanner750
Сағат бұрын
People always say "I haven't taken a penny from this business" which is either a bold faced lie, because how do you pay their rent, eat, utilities, etc? Or they're rich. Can't live on Boba. So they are either just paycheck to paycheck sustaining their lifestyle, or have enough money that it's a hobby. Its not the brag people think it is, and ignores the biggest cost of startup, you.
@joewatson7069
Сағат бұрын
You really subtitled her lmao
@vanswillmakeitdance
2 сағат бұрын
Hello team from modern MBA can you guys take a look at the videogames industry and maybe make a video about it the dead of the physical copy and the current problems with modern consoles and the problem with modern videogames, thanks this is looking like a another banger of a video i am always exited to see the Modern MBA notification pop up keep the good work going.
@benharris3100
Сағат бұрын
They already did. kzitem.info/news/bejne/o21n05aJe5mLZnofeature=shared
@kelvinguzman7344
41 минут бұрын
chino
@Kabodanki
2 сағат бұрын
I hate when an american from their perspective say the "West". In Europe if you got further than France, Germany, Italy, Spain, the UK. Finding a bubble tea shop will be hard.
@FaissalVeenhuizen
2 сағат бұрын
True
@LOCATlON
Сағат бұрын
cap
@vanswillmakeitdance
2 сағат бұрын
0 views in 1 minute Modern MBA fell off
@abhishah7139
18 минут бұрын
Shut up mate. Views are not real time. They update in burst as there are many servers in the world where one could be watching this. It takes some time for it to update. Watch how views are get stuck at 301. Also, stop putting down people if you haven’t done anything even near this in your life. This is not a horse race. The quality pf content you get here, for FREE, is unmatched in all of KZitem. I can’t even fathom how he gets an interview of so many locations, record that, make a contrasting yet coherent script, and still continue on. So have a fraction of gratitude and think before you comment what you're choosing to comment.
@pritamyadav4822
2 сағат бұрын
First
@javiercruz633
2 сағат бұрын
First!!
@supermodelatlanta1354
Сағат бұрын
Yes please explain how pieces of bread and water cost 7.00
@johnl.7754
Сағат бұрын
Rent and Labor is highest cost
@pierrex3226
Сағат бұрын
I still don't know what the drink is. Isn't is carbs, basically, with aded sugar? No word on the obesity epidemic and that almost half of the US is medically obese? I guess fat people drink fat people's drinks, and bubble tea is that?
@benharris3100
Сағат бұрын
Yes they are very unhelathy. The ingredients are usually: flavoring, milk or cream, sugar, and jelly or tapioca (a starch/sugar gel from a plant). Surprisingly, I haven't seen many fat people at the tea shop. It's mostly young women
@johnl.7754
Сағат бұрын
Different people pick different food choices
@benharris3100
Сағат бұрын
Obesity is highly correlated with poverty in the US. High income areas (where you would find these tea shops) have easy access to high quality food and most residents are healthy. In poor areas, the cheapest food is highly processed and calorie dense leading to health issues. In some very poor neighborhoods, there are no grocery stores and the residents have to buy food at convenience stores. We call these areas "food deserts" and they have many many obese people.
@pierrex3226
26 минут бұрын
@@benharris3100 still, drinking calories like that makes no sense, unless they're jumping on a bike for three hours.
@JohnHausser
Сағат бұрын
Feel lots of 🧋 are aimed at kids/teens and sweet tooth ! “Adult version” of the product would have potential! Well caffeinated, not too sweet and acidic
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