Re: Have the financing but not the skills.

Fri Jul 29, 2011 10:13 am

Mills wrote:Quit shitting on people.

If the OP is offended, he can tell me about it. My guess is he doesn't need you to defend him. :roll:

But let me rephrase: I find it a little difficult to believe that somebody would pony-up two million dollars to finance a guy with four months experience homebrewing. Maybe it's true, but it seems likely that people with that kind of money to invest would place their bets on something a bit more of a sure thing. Just seems a little far-fetched.
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Re: Have the financing but not the skills.

Fri Jul 29, 2011 8:42 pm

BeerPal wrote:If the OP is offended, he can tell me about it. My guess is he doesn't need you to defend him. :roll:

I've dealt with bigger egos on Internet forums than yourself. Takes a lot for me to be offended by a keyboard commando.

But let me rephrase: I find it a little difficult to believe that somebody would pony-up two million dollars

It's not somebody, but several persons. Six to be exact. For a total of $2 million in seed money. This is with a VC firm that won't talk to entrepreneurs unless they are seeking at least $1 million investment.

to finance a guy with four months experience homebrewing.

This guy with 4 months experience homebrewing has also started, operated, and sold 4 companies and helped managed many more. My experience is in business development and management, not brewing. Brewing is a recent hobby. I've been in management since I was 18yo, I'm currently 30. Twelve years manager and entrepreneurial experience at 30yo makes for a respectable resume these days, Sir.

Maybe it's true, but it seems likely that people with that kind of money to invest would place their bets on something a bit more of a sure thing. Just seems a little far-fetched.

Venture capital firms investing in seed money for startups assume that high risk that it won't turn out. Risk versus reward. High risk, high reward. There is no such thing as a sure thing in business.
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Re: Have the financing but not the skills.

Fri Jul 29, 2011 8:43 pm

Buttwidget wrote:This is always the sign that the bottom is about to fall out of the market.

Nothing to do with market conditions. This is a VC firm. They invest in businesses because it's historically a better investment than the stock market.
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Re: Have the financing but not the skills.

Fri Jul 29, 2011 8:46 pm

Quin wrote:Hire a brewery consultant and a head brewer and take the plunge.

So far that's what it's looking like. I have more experience running successful businesses than brewing beer, so I'm going to stay in my lane.
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Re: Have the financing but not the skills.

Sat Jul 30, 2011 6:17 am

Adam wrote:
Quin wrote:Hire a brewery consultant and a head brewer and take the plunge.

So far that's what it's looking like. I have more experience running successful businesses than brewing beer, so I'm going to stay in my lane.


These two statements abound with wisdom. A profitable brewery is 80% about business and 20% about beer. You HAVE the business skills. Hire the rest.

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Re: Have the financing but not the skills.

Sun Jul 31, 2011 7:32 pm

TastyMcD wrote:These two statements abound with wisdom. A profitable brewery is 80% about business and 20% about beer. You HAVE the business skills. Hire the rest.

Tasty

That's exactly what a lot of people don't understand. Operating a successful business is more about the business than the product. Goods are made far more efficiently than they are sold. A brewery isn't anything extraordinary in business. Approaching the formation and management of such is just like any other business that is manufacturing a product. The same principles applies to any other business.
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Re: Have the financing but not the skills.

Mon Aug 01, 2011 2:42 pm

if this flys then get ahold of a guy in north platte ne. he is opening up a brewery and needs investors.it'd be nice if you could find him a good brewer too :roll:
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Re: Have the financing but not the skills.

Mon Aug 01, 2011 8:41 pm

It's not hard to find investors. If he doesn't have entrepreneurial experience, he'll need to look at angel investors. They provide seed money at a greater risk and return than VCs. VCs are in it for the long haul. Angel investors are investing in startups and can afford to lose it all. That risk will cost you equity and return. Anytime you involve investors at any point, consider 49% of your business someone else's.
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