David Downing


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David Downing is an American entrepreneur. David started ChipMonk Baking in 2019.[1]

David Downing, founder of ChipMonk BakingDavid Downing, founder of ChipMonk Baking

Company

ChipMonk Baking

Career

Early Career

No early career info added yet...

ChipMonk Baking

David started ChipMonk Baking in 2019. They detail the beginnings of their company in their Starter Story interview: [1]

Q: How did you get started on ChipMonk Baking?

Before starting ChipMonk in 2019 with my co-founder, Jose HernΓ‘ndez, I spent many years working in management consulting and the commercial aviation industry across various disciplines including audit, financial planning, project management, and competitive research. I guess you could say I’m a β€œnumbers guy”. Over time, I became a bit disillusioned with working at large companies and started to migrate towards the world of startups. Most recently, I was working for a venture capital firm focused on investing in Houston-based startups with high potential.

While working there, I met Jose at one of the firm’s portfolio companies. He and I quickly bonded over our interest in health and exercise, and we ended up becoming roommates. Nearly every week, he and I would talk about wanting to do something on our own. It’s almost contagious when you work with startups and entrepreneurs daily. More often than not, the β€œgreat” ideas we had would quickly turn out to be duds after a few minutes of Google research.

how-we-started-a-25k-month-low-carb-gluten-free-desserts-business
Jose Hernandez (left) and David Downing (right), ChipMonk co-founders

The interesting thing about Jose is that he was diagnosed with type 2 diabetes 4 years ago, but, despite his doctor trying to prescribe metformin, he managed to get his blood sugar back in check via a strict low carb, high-fat diet. Unfortunately, sweets were a constant issue for him because he loved to eat desserts, but he was well aware of what they could do to his blood sugar and energy levels.

One weekend, out of a bout of depression caused by yet another failed business idea, Jose decided to bake his own desserts but decided to use better-for-you ingredients like almond flour and monk fruit sweetener. Through the process, he made some low carb chocolate chip cookies that tasted just as good as the real thing. He gave me some to taste and then it just clicked for both of us.

One in three people in the United States are dealing with diabetes or pre-diabetes, yet, to get a healthier, satisfying cookie, Jose had to make his own. It seemed like a big opportunity to fill a market gap. We took his cookies to our co-working office, set up a little table, and managed to sell some on the spot. Once we saw that people were willing to buy our cookies from us, we jumped in to build the business.

Source [1]

References

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