Wine & Venture Capital
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Transcript of Wine & Venture Capital
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Wine & Venture Capital
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Start-ups are like wines in the grape stage
Plenty of sour grapes
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Can’t entertain every start-up idea
No shortage of proposals
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Takes a long time & hard work to produce good fruit
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Pruning is uncomfortable
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No room for sentimentality
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The success of a wine is determined by the skill of the winemaker
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Wine and money flows
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Can be dispiriting at times
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Reality will almost always be different to the business plan
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Venture Capital investors don’t generally include non-profit businesses in their investment portfolio
Wine farms don’t generally make profit
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While blind tasting is a thing in wine circles, Venture Capital investors do not welcome blind investing
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Customers may be more willing to splurge on wines with some sort of story behind them
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It’s a global game
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Don’t make investment choices near an open bottle
Sometimes the best investments are the one’s you don’t make
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Just like a small wine farming community, everybody knows what everybody else is doing....
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Not all business plans make it to presentation stage but are often worth looking at
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There is no simple formula for creating a successful business like there may be a standard method to
making a good wine
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If all else fails, you can at least drink your product
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Make sure you love what you do