Mike Cessario on Building Liquid Death as a Beverage and Entertainment Brand

The Liquid Death founder explains the thinking behind its irreverent marketing, the difficulty of beverage distribution and why he prizes creative ideas that people share.

MCMike CessarioGuest · Founder and CEO
Channel
20VC with Harry Stebbings
Published
Jan 20, 2023
Video
1:01:56
Read
8 min
Original
English
Open on YouTube
Scroll to read and the video shrinks to the bottom-right corner. Captions follow your reading language.
Reading languageAvailable in 2 languages
You're reading the original English.
SUMMARY

In 30 seconds

In this January 2023 interview, Liquid Death founder and CEO Mike Cessario speaks with Harry Stebbings about the company’s origins, his advertising background and the role of humor in building a water brand. He discusses creative production, hiring retail expertise, fundraising and his five-year ambitions. His accounts of company results and competitive behavior are his own, and several celebrity collaborators are also investors.

  1. 1Test the supposedly silly ideaCessario says founders should remain open to criticism and look for evidence, including early audience signals, rather than equating skepticism with validation.
  2. 2See the product from outsideHe recommends comparing a product with alternatives through the eyes of someone unfamiliar with it.
  3. 3Treat creative execution as a craftThe team draws ideas from many places but relies on professional creatives to turn them into entertainment.
  4. 4Distribution reaches the shelfCessario argues that store visits and retail execution matter alongside marketing because ordered products can remain in the stockroom.
  5. 5Learn the financing mechanicsHe wishes he had understood repeated fundraising, dilution and investor selection earlier.

Takeaways

  1. Test a dismissed idea against meaningful evidence instead of assuming skepticism proves it is right.
  2. A distinctive brand can create emotional value beyond a product’s function, although competitors and market conditions still matter.
  3. Creative work needs execution skills and a clear understanding of what audiences find engaging.
  4. Retail distribution and shelf availability require operational attention beyond brand awareness.
  5. Founders should understand fundraising, dilution and investor relationships early.
FULL TEXT

Read the edited text by chapter

Transcript only
01

The idea behind canned water

Cessario corrects a common account of Liquid Death’s origin and describes the cultural observation that sparked the idea. He explains why early audience signals mattered despite investor skepticism.

Liquid Death founder and CEO Mike Cessario tells Harry Stebbings that the common account of the company beginning with a rock star hydration problem misses the point. He says an earlier experience planted the idea, but that the product emerged years later.

Cessario recalls that Monster sponsored the Warped Tour and supplied bands with cans that looked like its energy drinks but contained water. The cans were not sold; on stage, however, fans could see the branding. His friends in the bands cared about health, yet the marketing suggested a different lifestyle.

He began wondering why healthier products could not use the humor, youth culture and irreverence commonly associated with alcohol, soda and candy. Liquid Death became his attempt to make a water brand that was entertaining in its own right.

When people dismiss an idea as silly, Cessario advises founders not to assume rejection proves they are right. Most ideas may indeed be bad, he argues, so the important question is what evidence can test the hypothesis.

He says Liquid Death had encouraging early signals before a real product existed: social followers, messages asking where to buy it and people sharing beverage images. These were indicators of interest, not proof of eventual sales; he says some technology-oriented investors understood their potential more readily than traditional consumer-goods investors.

02

From punk music to advertising

He discusses his upbringing, creative interests and work at large agencies. He wanted to combine humor with a product he believed in.

Cessario grew up near Newark, Delaware, and describes attending an elementary school where recess was sometimes canceled because of shootings and needles appeared on the playground. After moving schools to Pennsylvania, he encountered a different environment. He believes seeing different circumstances influenced how he thinks about culture and marketing.

He found community in punk music before the internet made it easy to find like-minded people. He designed covers and posters for bands, studied graphic design and moved into advertising because he liked funny, creative work.

At large agencies he worked on major consumer brands, but never felt fully at home in the corporate culture. He wanted to combine entertainment and irreverence with a product he actually cared about, rather than spend nights and weekends selling something that did not matter to him.

03

Building a distinctive brand

Cessario describes emotional value, audience identity and the risk of provoking dislike. He also reflects on early distribution mistakes and the limits of product features as differentiation.

For Cessario, high performance means doing a lot with a little. He defines a strong brand as one whose meaning to customers goes beyond the functional value of its product; fashion is his illustration of the emotional and sometimes status-related reasons people pay different prices for similar items.

He thinks Liquid Death resonates for different reasons. Some customers recognize a culture they grew up with; others enjoy a small sense of rebellion without having to drink beer or an energy drink. Water, in his view, gives many more people a way to participate.

Cessario argues that marketers can underestimate the breadth of audiences for dark or unconventional entertainment. He points to horror films and true crime as examples of interests that extend beyond the stereotypical heavy-metal fan. These are his interpretations of audience tastes rather than independently presented research.

Asked about alienating customers, he says provocative work requires judgment: a few degrees in one direction can make it distasteful, while the other can make it dull. His view is that a brand people love will also attract critics, and trying to please everyone can produce indifference.

Looking back, he wishes Liquid Death had hired a retail expert earlier. He says the company signed unfavorable distributor contracts and had to pay to exit some arrangements. Someone familiar with the industry could have helped assess distributors before the company needed extensive retail access.

A common founder mistake, he says, is overestimating how distinctive a product appears to outsiders. Founders know every detail of their own work; they should place it alongside alternatives and ask people unfamiliar with it what they actually perceive.

A new ingredient may differentiate a product briefly, but competitors can copy it and larger firms may price it more cheaply. Cessario therefore sees a distinctive brand voice and style as a more defensible asset than an ingredient alone.

Liquid Death could emphasize aluminum cans, but he argues that promoting a feature shared by competing canned waters would also help those competitors. He believes its tone and unusual marketing are harder for large organizations with extensive approvals to reproduce. This is the founder’s assessment of his own company’s position.

04

Entertainment and criticism

He distinguishes rapid brand communication from storytelling and explains his approach to advertising parody. He offers theories about creative caution and putting criticism in context.

Cessario is skeptical of calling most marketing storytelling. He prefers to think of it as rapid communication: a commercial should leave a viewer with a particular feeling. For Liquid Death, the desired reaction is often that the viewer has just seen something exceptionally funny, rather than a reminder to hydrate.

He rejects the suggestion that everyone hates Liquid Death’s marketing. His argument is that people often dislike conventional advertising and that parodying the conventions of advertising can itself be entertaining, even for people who do not identify with skulls or heavy metal.

Why might ads feel less creative? Cessario offers two hypotheses: excessive reliance on testing and data can displace human judgment about what is funny, and the visibility of negative social media reactions can make brands overly cautious. He presents these as explanations, not proven causes.

Criticism still hurts, he says, but his team tries to put it in context. If a post has thousands of likes and a handful of negative comments, the few objections should not automatically outweigh the broader response. He also notes that many viewers watch without commenting at all.

05

Creative ideas and distribution

Cessario discusses earned media, social platforms and how a professional team develops campaigns. He explains cost control and the practical work of putting beverages on shelves.

As a startup competing with large beverage companies, Liquid Death tries to make marketing spending go further. Cessario describes an earned-media approach: create ideas people will share or journalists will cover, rather than paying for every impression.

He treats platforms as distribution vehicles rather than the strategy itself. At the time, the company focused on Instagram and TikTok because audiences were there; if a platform changed, the task would still be to put entertaining ideas where people gather.

The company’s creative team works, in his analogy, more like Saturday Night Live than a conventional marketing department. Ideas can come from anywhere, but professional creative people develop, write and execute them as entertainment in service of the brand.

One example began with parents sharing photos of children holding Liquid Death cans and joking that they looked like beer. The creative team turned that observed behavior into a beer-commercial parody starring children and water. Cessario says the execution required writing, shooting, direction and production expertise.

He says the Super Bowl commercial cost roughly $100,000 all in, compared with the much larger budgets some advertisers use. His team tries to control production spending through creative decisions and experienced producers. This is his account of the company’s cost, with no independent breakdown provided.

Cessario says the company’s major content pieces have generally performed well. He attributes that record in part to basing ideas on demonstrated audience behavior, as with the photos of children holding the cans, rather than guessing in isolation. The interview does not provide a complete success rate.

Brand building is only one part of making a beverage company work. He praises Liquid Death’s sales team and says staff must visit stores to ensure products make it from the stockroom to the shelf. Without that execution, an ordered case can sit in the back while the shelf remains empty.

He also alleges that competitors sometimes move products or remove inventory-scanning tags, making replenishment harder. These are his descriptions of industry conduct; the interview does not establish who did so or independently verify the incidents.

06

Bigger moments, investors and ambitions

He describes a shift toward fewer major content projects, celebrity collaborations and brands he admires. He closes with fundraising lessons and a five-year aspiration.

In the quick-fire round, Cessario recommends The Menu, a dark comedy that satirizes high-end dining. He likes its creative premise and sees it as an example of entertaining work that does not require the largest movie budgets.

He says Liquid Death had shifted from publishing many small pieces toward fewer, larger moments. His comparison is a move from a Netflix-like volume of bets toward an HBO-like emphasis on select projects. Small pieces can consume substantial time too, he argues, and constant posting risks training people to scroll past.

He cites content with Bert Kreischer, Tony Hawk and Martha Stewart as examples of larger moments, and says some celebrity collaborators are also investors with existing relationships to the company. His reported impression figures are company claims, not independently established results.

For celebrity investors, he looks for people who genuinely enjoy the brand and its humor. Rather than appoint one permanent spokesperson, the company invites different people into its comic world and creates ideas tailored to them.

One example involved mixing Tony Hawk’s blood into ink for limited-edition skateboards and filming the process. Cessario estimates that the shoot cost about $10,000 and says the unusual idea generated press and sharing. His cost and reach claims are not independently verified in the interview.

Asked which brand he admires, Cessario chooses Trader Joe’s. He argues that its store-brand assortment, perceived value and distinctive design have created trust that extends across many product categories. This is his interpretation of the retailer’s brand, not a nutritional assessment of its products.

Looking back at Liquid Death’s founding, he wishes he had understood fundraising and dilution better. Beverage is capital intensive, he says, and startups can find themselves raising money repeatedly before reaching a scale at which they can be profitable.

He says investor selection matters too: he has heard of companies harmed by poor investor relationships, although he describes Liquid Death’s own investors as strong partners. Founders who understand the mechanics of shares and financing earlier, he believes, will be better prepared.

Asked about 2028, Cessario describes an ambition for Liquid Death to become a multibillion-dollar beverage brand that also produces comedy people would watch even if they did not buy the drink. The comparison with Red Bull and Monster is a five-year goal, not a reported outcome. Stebbings thanks him and closes the interview.

More from this channel

23:48EN
20VC with Harry Stebbings· Oct 26, 2026Podcast · 2 speakersSatya Nadella on Zero Trust for AI and Why Every Company Should Own Its IntelligenceGuest Satya Nadella · Host Harry StebbingsThe Microsoft CEO argues that capable agents need security boundaries even as alignment research remains unsettled, and explains why firms should retain the value created by their own AI use.Enterprise AIAI securityEvals+2
1:13:26EN
20VC with Harry Stebbings· Oct 24, 2026Podcast · 2 speakersNaveen Rao on Energy, AI Hardware, Verification and the Future of RoboticsGuest Naveen Rao · Host Harry StebbingsThe Unconventional AI founder argues that energy efficiency will shape AI hardware, while the growing volume of model output makes verification more valuable.EnergySemiconductorsInference+2
59:41EN
20VC with Harry Stebbings· Oct 22, 2026Podcast · 3 speakers20VC: Venture Fund Size, AI Valuations and the Changing Software MarketGuest Jason Lemkin, Rory O’Driscoll · Host Harry StebbingsHarry Stebbings, Jason Lemkin and Rory O'Driscoll debate venture concentration, infrastructure risk, code review and the assumptions behind fast-growing AI companies.Venture CapitalInvestingAI cost & performance+2
1:19:50EN
20VC with Harry Stebbings· Oct 19, 2026Podcast · 2 speakersSameer Dholakia on AI Investing, Bessemer's Growth Strategy and Company CultureGuest Sameer Dholakia · Host Harry StebbingsThe Bessemer partner explains his approach to pricing fast-growing AI companies, backing founders and building teams, while discussing the risks behind his optimistic forecasts.Venture CapitalAI StrategyLeadership+2
1:03:05EN
20VC with Harry Stebbings· Oct 17, 2026Podcast · 2 speakersHarrison Chase on Building Reliable Agents, Model Routing and MemoryGuest Harrison Chase · Host Harry StebbingsThe LangChain co-founder explains why agents remain difficult to control, where domain expertise matters, and how his team manages coding-agent costs.AI agentsAgent orchestrationEvals+2
1:17:09EN
20VC with Harry Stebbings· Oct 15, 2026Podcast · 3 speakers20VC on Pro Rata Rights, AI Pricing and the Changing Software MarketGuest Jason Lemkin, Rory O’Driscoll · Host Harry StebbingsHarry Stebbings, Jason Lemkin and Rory O’Driscoll debate investor rights, model economics and the choices facing software companies and their employees.Venture CapitalAI cost & performanceRobotics+2