06: Invest in Yourself to Startup an Award Winning Brewery
Dan Norris, co founder of WP Curve, talks about how he and his team raised enough capital in order to sell his award winning craft beers in just two years. With the helping hand of finance from the first ever crowd-funded brewery campaign via Pozible, together with the backing of a small handful of astute investors, and one very supportive landlord they were able to launch June 18th, 2016.
Dan’s Word Press business – http://wpcurve.com/
Dan’s website – http://dannorris.me/
LinkedIn – https://www.linkedin.com/in/thedannorris
Twitter – https://twitter.com/thedannorris
Facebook – https://www.facebook.com/dannorrisinformly
Where are we:
Dan – Gold Coast, Australia
Sam – Singapore
Johnny – Lisbon, Portugal
What we are drinking: 9am – Starbuck’s lattes
Recommended:
Discussed (relevant links):
Ballast Point Brewery
Time Stamp – Topic
07:20 – Background as an entrepreneur
17:12 – Other investments Dan has done
18:00 – Thoughts on angel investing
18:50 – Why Dan likes being an entrepreneur
19:50 – Adding value to private investments
24:00 – Passive vs active investing choices
25:30 – Black Hops Founding
27:30 – Early branding and home brewing
28:85 – $0 investment to get started using friends equipment
30:00 – Beer selection and awards
32:15 – Contract brewing
33:30 – Decision to raise money
36:20 – Time and effort in fundraising
38:00 – My attraction to Black Hops
39:00 – Craft beer industry
43:30 – Coming up with a valuation
48:00 – How to determine value of startups
54:00 – What Dan would do different with raising capital
58:11 – How the paperwork and structuring was facilitated
59:00 – Getting a hold of Dan
