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Steve O'Dell11 February 2019

Steve O'Dell: Spilling The Tea on Entrepreneurship

5Frameworks
11Insights

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Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 1

Myth Buster05:00

Having No Diploma Does Not Automatically Make a Better Founder

Odell rejects the idea that removing a fallback automatically improves entrepreneurship. Pressure can sharpen effort, but it also creates financial and emotional strain, and outcomes depend on attitude, learning, and sustained work.

  • Removing a fallback does not guarantee better performance
  • The pressure includes bills and emotional wellbeing
  • Willingness to learn affects how a founder responds
  • Odell knows peers whose similar decisions did not work out

I wouldn't say it makes you a better entrepreneur

Steve Odell · 05:00

it's all about how you react to that it's very stressful it's very intense there's a lot of pressure

Steve Odell · 05:00
#risk#pressure#dropout#resilience

Hot Take· 1

Hot Take16:30

Why Odell Prefers Angels for as Long as Possible

Odell argues that angel investors are generally better early partners than institutional capital. He says angels tend to believe in the founder, offer more workable terms, and help the company while allowing founders to retain more equity.

  • Odell prefers angels in the early stages
  • He associates angels with stronger personal belief in the company
  • Angel terms may preserve more founder equity
  • Institutional capital becomes necessary when round sizes grow very large

angel investors are definitely the best in the beginning

Steve Odell · 16:30

I would highly recommend working with angels for as long as you can

Steve Odell · 16:30
#angel-investors#venture-capital#equity#fundraising

Explainer· 3

Explainer20:30

How Tenzō Connects Every Bag Sold to Clean Water

Tenzō works with the Thirst Project and totals the number of bags ordered before writing the nonprofit a monthly check. Odell says the partner uses the money to build wells, making the give-back mechanism operationally simple and directly tied to sales volume.

  • Tenzō partnered with the nearby Thirst Project
  • The company totals bags ordered each month
  • A monthly payment funds well-building work
  • Odell says one year of clean water costs fifty cents

we literally write them a check every month after we get a total of the bags ordered

Steve Odell · 21:00

it only costs 50 cents by the way like I will share that openly 50 cents is one year of clean water

Steve Odell · 22:00
#clean-water#social-impact#thirst-project#partnership
Explainer22:30

How a Social Mission Opens a Worldview-Aligned Market

Odell invokes Seth Godin's worldview concept to explain why a social mission can attract customers. People who already value clean water, sustainability, and philanthropy may choose a company that expresses those commitments, even though Tenzō does not make the cause its foundational marketing message.

  • Customers make decisions through existing worldviews
  • Clean water and sustainability resonate with a particular subset
  • A genuine social component can open an aligned customer market
  • Tenzō does not position the cause as its foundational marketing claim

a certain subset of the population believes in clean water and sustainability and philanthropy that's one of their worldviews

Steve Odell · 23:00

by providing a social aspect to your company you're technically tailoring to those people's worldviews

Steve Odell · 23:00
#worldviews#social-marketing#sustainability#customers
Explainer24:30

Why Matcha Feels Different From Coffee and Energy Drinks

Odell explains that matcha is blended directly into a drink rather than steeped and discarded. He claims it produces clean focus over four to six hours without the jitters, shakiness, repeated craving, or crash he associates with coffee and energy products.

  • Matcha powder is consumed rather than removed after steeping
  • Odell contrasts its effects with coffee and energy drinks
  • He describes four to six hours of clean focus
  • Historical examples include monks meditating and samurai preparing for battle

instead of steeping it traditionally in a bag you actually blend it directly with whatever you're drinking

Steve Odell · 24:30

you get a very clean like focus that happens over 4 to 6 hours

Steve Odell · 25:00
#matcha#caffeine#focus#energy

Story· 3

Story02:00

How a Burger King Application Sparked Odell's First Company

Odell and his cousins refused to leave a Starbucks until they had a concrete business plan. Their odd-jobs flyer generated enough work to build a fifteen-person summer crew within weeks.

  • A concrete planning deadline turned frustration into action
  • The first offer was a simple local odd-jobs service
  • Early demand let the founders hire their friends quickly

we met the next morning at a Starbucks and agreed to not leave until we had a concrete plan of a business that we were…

Steve Odell · 02:30

we had like a crew of 15 working for us within a few weeks

Steve Odell · 03:00
#first-business#odd-jobs#entrepreneurship
Story07:30

The Google Search That Led Odell to Matcha

Odell searched for the healthiest form of energy because athletic training and entrepreneurship had made caffeine central to his routine. Matcha gave him steadier energy and made the product feel aligned with both his needs and what he had learned from earlier startups.

  • The product idea began with a personal energy problem
  • Odell compared matcha with coffee, pre-workout, and energy drinks
  • He reports more consistent energy and productivity
  • Personal use combined with prior startup learning to shape the business

I googled what is the healthiest form of energy on the planet

Steve Odell · 07:30

I felt like I had very consistent energy in my productivity increased

Steve Odell · 08:00
#matcha#energy#product-idea#founder-story
Story29:30

The Wrong Tea Shop That Led Tenzō to Its Proprietary Blend

On their last day in Japan, Odell and his cofounder searched for a tea farm but reached a small tea shop instead. An elderly shopkeeper later drove them around local farms, and the resulting connection eventually led to a tea master and Tenzō's proprietary ceremonial-grade blend.

  • The founders had begun with a private-label supplier in Arizona
  • They later traced the supply to a Japanese company
  • A mistaken search led to an unexpected local guide
  • The guide's connection eventually produced a proprietary blend

it wasn't a tea farm it was just a tea shop

Steve Odell · 30:00

we created what is now 10 zou ceremonial grade it's a proprietary blend of matcha that we have and you can only buy it from…

Steve Odell · 31:00
#japan#sourcing#serendipity#tea

Q&A· 1

Q&A04:00

Why Odell Chose Startup Time Over a UCLA Degree

Odell says dropping out was less theatrical than it appears in hindsight. He wanted focused time for Tenzō, already had a small network and business skill set, and questioned taking on more out-of-state debt to prove an ability he believed he had already demonstrated.

  • Focused time was the main resource he wanted
  • Out-of-state tuition was creating substantial debt
  • Prior ventures supplied a small network and practical skills
  • He believed the degree would certify an ability already present

I really just believed in myself as an entrepreneur and that was going to make in this world

Steve Odell · 04:00

I felt like ultimately school is holding me back and getting a degree would only prove something that's technically already there

Steve Odell · 04:30
#college#risk#startups#ucla

Tool· 1

Tool25:30

Four Ways to Use Matcha Beyond a Traditional Tea

Odell says preparation should match how a person prefers to get energy. He describes a concentrated matcha shot, a milk latte, adding powder to smoothies, and even using it as a natural green coloring in frosting.

  • Mix one gram or more with two ounces of water for a shot
  • Pour a concentrate over milk for a latte
  • Add matcha to a smoothie
  • Use it as a green coloring in food

just two ounces of water one gram or more of matcha and then you take it as a shot

Steve Odell · 26:00

you can mix like a concentrate which is also like that the shot mention in pour over milk and form a latte

Steve Odell · 26:30
#matcha#preparation#latte#smoothie

Takeaway· 1

Takeaway35:00

The Missing Mentor Odell Wishes He Had During the Hardest Years

Odell says successful risks look obvious only in hindsight. While learning finance, operations, importing, and sales, he faced doubt and strained relationships; he believes a strong mentor would have improved his emotional wellbeing and helped him recognize that he was on the right path.

  • Founder decisions feel uncertain before the outcome is known
  • A polished hindsight story hides the original self-doubt
  • Learning several business functions at once creates emotional strain
  • Mentorship can provide perspective as well as tactical advice

I didn't know this is gonna work I had no idea

Steve Odell · 35:30

if I had a strong mentors as I do now back then mm-hmm I'd have been in a lot better situation like emotionally and for…

Steve Odell · 36:00
#mentorship#self-doubt#founder-health#hindsight