Contract Winery Crowdfunds To Market Indie Wines

Naked Wine Company is a Napa, California contract winery that has used crowdfunding to help indie winemakers produce, market and distribute their wines.

It has over 75,000 “members” that pay $40/month (annual revenue ~$43M) to sample different wines from different makers.Average bottle costs $17 to members.

NWC also issued Wine Bonds that paid 7% cash or 10% in wine credits, raising $6.5 million.

NWC fronts the maker the funds to buy the grapes and use its facilities and takes its profit at the back end when the wine is sold to its members and others.
https://techcrunch.com/2016/08/13/the-story-of-naked-wines/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+techcrunch%2Fstartups+%28TechCrunch+%C2%BB+Startups%29

https://us.nakedwines.com/angels

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, review, SEC, Small Business, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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