Adam, Luca, and Patrick discuss their passion for Kava and Kratom and their plans to open a Kava bar in Philadelphia. They explain that Kava is a root of a plant from the Pacific Islands and has anxiety-reducing properties, while Kratom is a tree leaf that can be energizing or relaxing depending on the strain. They highlight the community-focused atmosphere of Kava bars and the potential health benefits of these beverages. The team discusses their roles in the business and the importance of educating customers about Kava and Kratom. They also mention their previous experience in the industry and their decision to sell their previous company due to differences in vision. Old City Kava plans to build a portfolio of Kava bars and expand its impact on people's lives. They also discuss the potential for distribution and the importance of advocacy and education. The founders share their experiences with failure and the lessons they've learned. They emphasize the importance of following your instincts, holding yourself accountable, and not waiting for the perfect moment to start. They also discuss the challenges and benefits of working with friends and the need for clear roles and processes in a business.

Kava, Kratom, Philadelphia, Kava bar, anxiety reduction, community, health benefits, education, business structure, previous company, Old City Kava, Kava bars, distribution, advocacy, education, failure, lessons learned, instincts, accountability, starting a business, working with friends, roles, processes

Kava is a root from the Pacific Islands with anxiety-reducing properties, while Kratom is a tree leaf that can be energizing or relaxing.

Kava bars offer a community-focused atmosphere and serve as a third space for socializing and working.

Educating customers about Kava and Kratom is crucial for spreading awareness and growing the industry.

The team has delegated roles based on their strengths and is focused on hiring employees who can provide sales and educational support.

Their previous experience in the industry has given them insights and a leg up in starting their new venture.

Old City Kava plans to build a portfolio of Kava bars and expand its impact on people's lives.

Distribution and advocacy are important goals for Old City Kava.

Failure is a valuable learning experience in entrepreneurship.

Following your instincts and holding yourself accountable are key to success.

Working with friends can be challenging but rewarding with clear roles and expectations.

Processes and systems are crucial for scaling a business.

00:00 Introducing Kava and Kratom

08:41 The Effects and Experience of Drinking Kava

31:16 Learning from Failure in Entrepreneurship

43:01 The Importance of Processes and Systems in Scaling a Business