Ep 638: Life After the $260M Exit: Hiya's Adam Gillman on USANA, Target, and Going Global

https://directtoconsumer.typeform.com/DTC-Brand?utm_source=podcast-638&utm_medium=podcastSubscribe to DTC Newsletter - https://dtcnews.link/signupAdam Gillman co-founded Hiya Health (hiyahealth.com), the kids' vitamin brand that launched in March 2020, stayed bootstrapped, and sold to USANA at the end of 2024 at a reported $260M valuation. He and his co-founder Darren still run it, and 2026 is the year Hiya finally hit retail shelves at Target.If you're a founder or operator building a subscription DTC brand, this episode is a start-to-exit walkthrough from someone who did it without a single VC check.What's inside:The "single SKU phase": why Hiya sold one multivitamin for 2.5 years before launching anything else, and what had to be true before product twoAttacking gummies head-on: porous form factors that kill vitamin content, and sugar as "candy in disguise"How new SKUs stayed accretive instead of cannibalistic as the catalog grewWhy influencer was the backbone of a channel mix that hit 25% month-over-month growth in stretches from 2023 to 2025, including creators Hiya has worked with for 3 to 4 years"We want this to sit on your counter, not inside of your cabinet": the packaging and sticker-pack decision that quietly built enterprise valueDisney, Barbie, and Marvel collabs done properly: rebuilding the entire customer experience per license, to the point that existing subscribers repurchased product they already hadThe exit itself: open bidding process, why he can't imagine doing it without an investment bank, and the leverage of not needing to sellLightning round: the metric founders obsess over too much (revenue growth), the one they ignore (gross margin to CAC), and the e-commerce trend he thinks has peaked (creative velocity for its own sake)Who this is for: subscription DTC founders, operators fighting rising CACs, and anyone who wants to see what a bootstrapped nine-figure exit actually looks like from the inside.What to steal: Adam's channel discipline. Under $20M in revenue, put the majority of your effort into making one channel work before touching the next one.Follow Adam: @AdamGillman on X | hiyahealth.comTimestamps:00:00 Building Hiya From a Single SKU08:00 Expanding Products Through Customer Trust18:00 Why Brand Building Creates Enterprise Value23:00 Scaling Growth With Influencer Marketing35:00 Creative Velocity, CAC and Sustainable GrowthSubscribe to DTC Newsletter - https://dtcnews.link/signupAdvertise on DTC - https://dtcnews.link/advertiseWork with Pilothouse - https://dtcnews.link/pilothouseFollow us on Instagram & Twitter - @dtcnewsletterWatch this interview on YouTube - https://dtcnews.link/video