If it goes forward, Liquid Death’s listing would represent a test for VCs’ on-and-off interest in startups that compete in more traditional sectors rather than internet or software.
“Like every truly large valuable brand, it is all marketing and brand because the reason people choose things 98% of the time is not rational. It’s emotional,” said Co-Founder Mike Cessario..
https://www.theinformation.com/articles/liquid-death-hires-goldman-sachs-aiming-for-2024-ipo