How This Refugee Built a $1.2 Billion Hot Sauce Empire

October 6th, 2024

Founded By

David Tran

Monthly Revenue

$12.5M

Starting Costs

$20K

Founders

Employees

350 (est.)

Profitable

Yes

Year Started

1980

Customer

B2B & B2C

Founded By
David Tran: Monthly Revenue
$12.5M: Starting Costs
$20K

Founders
1: Employees
350 (est.): Profitable
Yes

Year Started
1980: Customer
B2B & B2C

Who is David Tran?

David Tran, the founder of Huy Fong Foods, is a Vietnamese refugee who immigrated to the U.S. in 1979; he built a hot sauce empire inspired by his family's background in chili farming and his passion for spicy food.

What problem does Huy Fong Foods solve?

Huy Fong Foods' Sriracha sauce provides a consistent, high-quality spicy condiment that satisfies the diverse and intense cravings for authentic heat, filling a gap in the market for flavorful hot sauces and creating a wide-reaching, loyal customer base. Its ability to deliver a rich, balanced flavor without compromising on price ensures it stands out in a highly competitive industry.

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Disclaimer: The initial draft of this article was compiled by the Starter Story team based on publicly available interviews, podcasts, and other content from the founder. See the sources we used here.

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