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Mark Rampolla
Impact Growth Equity Investor
Mark Rampolla is a Co-Founder and Managing Partner at GroundForce Capital, an investment firm focused on companies promoting healthy, sustainable lifestyles and lower carbon food production.1 He plays an integral role in all aspects of the firm's operations, including deal sourcing and diligence.1
Prior to GroundForce Capital, Rampolla founded ZICO Beverages, a pioneering brand in the coconut water category. Under his leadership, ZICO experienced rapid growth and was acquired by Coca-Cola in 2013.13 In 2021, Rampolla and his partners reacquired ZICO.3
Rampolla's career includes:
- Managing positions at International Paper, overseeing operations in Latin America and the Caribbean13
- Peace Corps volunteer in Costa Rica3
- Co-founder of PowerPlant Partners, which rebranded to GroundForce Capital in 202346
He has advised over 100 CEOs, helped raise more than $1B, and personally invested in over 30 social-impact startups.1 Rampolla holds an MBA and Masters of Environmental Management from Duke University.3
His LinkedIn username is marksrampolla, where he shares insights on business, leadership, and sustainability.257
Highlights
We love seeing this! Sometimes – as with Chameleon, REEBL, Humm, and ZICO – we back or acquire brands with a lot of history.
We do our best to keep the quality and integrity as high as the founders intended. With ZICO that’s easy. I know what our standard was and we hold to it. Since acquiring Chameleon, we’ve done the same and this post proves it.
Building a reputation can take decades. Destroying it can happen in minutes.
Integrity endures.
More on Chameleon here:
Entrepreneurs are so optimistic sometimes they fail to see reality. Ignorance is not bliss, it’s fatal. Those who see and face reality win.
There was a time when anyone in the natural food industry or interested in health and wellness, knew ZICO. It was a known and beloved brand that helped create the coconut water category.
When we bought the brand back from Coca-Cola in 2020, we had to face a painful reality: ZICO had not only lost market share, it had lost relevance. Consumers move on – we've got short attention spans.
We had to face that reality head-on and see that in many ways ZICO was a start-up again. We would have to do what we did the first time around: get ZICO back on retail shelves but also back into cultural relevance. We’ve thought about this in three phases:
Phase 1: Where we were. Build the Foundation
We took over the brand, built the right team, rebuilt the supply chain, and set the foundation for future growth.
Phase 2: Where we are. Create Availability
We’re now setting up distribution and retail partnerships to get ZICO back in front of consumers, on the shelf, and online.
Phase 3: Where we’re going. Re-build Awareness and Habit
We’re now moving into building the marketing capability and executing the programs and partnerships that get ZICO back in the zeitgeist with a loyal and growing base of consumers.
Timing and understanding market dynamics are critical. There are certain things you just can’t force. There was little point in signing Naomi Osaka two years ago when we had no distribution.
See and face the reality of your business, the marketplace, and the competition.
As an investor, I always look for this in founders. When I ask an entrepreneur how their business is going, and they say, “Great!” my cynicism spikes. What I love most is when they say, "We're doing okay. We doubled last year, but man, we still have a lot of challenges we're working through."
That's the attitude I love to see. Humility, hunger, hustle, AND facing reality.
No one wins by denying or avoiding reality. Reality always wins.
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This post is Lesson 1 in my series: 𝟮𝟬 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗶𝗻 𝟮𝟬 𝗬𝗲𝗮𝗿𝘀 𝗼𝗳 𝗭𝗜𝗖𝗢. Follow along for insights from then, now, and in between.
