06: Invest in Yourself to Startup an Award Winning Brewery
By Sam Marks / Johnny FD
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: 7 Day Startup Discussed (relevant links): Dynamite Circle Black Hops Brewing The Black Hops Podcast Glints 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 If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.