The goal is to “give every cookie a story that comes to life with every bite,” according to Arnold. “We wanted this to be like a conversation starter that brings people together, as our tagline goes ‘cookies are so good that your grandmother will disown you’ — we stand by that.”
Last Crumb’s strategy centered around premium experience, storytelling and exclusivity has proven effective in cultivating a loyal fan base who are actively sharing and engaging with its products across social media. “We have spent zero dollars on marketing,” said Jung, “because these social posts and videos of unboxing [our cookies] have a really interesting compounding flywheel effect — the more people we sell cookies to, the more people are talking about us.”
Now with a fresh capital injection of just over $1 million led by a group of high-profile food and beverage entrepreneurs, advisors, and venture capitalists, the company, also known to offer the Rolex or Saint Laurent of cookies, is expected to expand production capacity and capabilities, in addition to hiring new employees, which together will help triple its revenues in the near future.
These investors include globally renowned entertainer, Zedd; Electric Feel Ventures’ founder Austin Rosen; cofounders of TRUFF Hot Sauce, Nick Ajluni and Nick Guillen; founder of Larry & Lenny’s Cookies, Barry Turner through Talisker Ventures; founders of The Stable, Nik Larsen and Chad Hetherington; Nik Sharma; Room 9; Riverside Ventures; and private equity investor Michael Silverstein.