Shopify for Beer! What this means is not only is it helping provide delivery, but also partnering and giving data back to brewers.
|1. Fundraising Target? |$1070000|
|2. Fundraised So Far?|$196348|
|3. Pre-Money Valuation?|$14000000|
|4. Previous Year's Annual Revenue |$625468|
|5. Previous Year's Annual Net Income (Positive means Profitable, Negative means Burning Cash) |~$-483834|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||****: Brooklyn, NY|
|2. Has at least 2 founders?||****: Two|
|3. Has product in the market?||True:|
|4. 6 months of continuous user growth or 6 months of revenue?||True: 2018 rev grew from $182k to $625k in 2019|
|5. Notable investors?||****: Didn't show any institutional investors|
|6. Post-funding, will have 18 months of runway?||True: If they raise $750k then they have 1.5 years|
|1. Engineering?||3||TapRm is appears to be the Shopify of Beer, adding the support on the regulatory and digital marketing space|
|2. Timing?||4||eCommerce, beer, for sure|
|3. Monopoly?||2||I know some friends in NYC who use TapRm, but otherwise I know the alcohol delivery services better a la Drizly|
|4. People?||2||Founder has the right background, but not seeing much of a team|
|5. Distribution?||2||eCommerce is good, the tricky part here is navigating regulatory burden in each state|
|6. Durability?||4||If they can build this out in all 50 states, absolutely for sure, even Amazon can't do beer delivery yet|
|7. Secret?||3||By leveraging a legal background to navigate ecommerce laws for beer companies, TapRm can become the Shopify of beers.|
What has to go right for the startup to return money on investment:
1. Get ridiculously good at navigating
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