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What Does Anthony Zhang Say About Building Vinovest in Los Angeles? · Forward Thinking Founders

Forward Thinking Founders

Anthony Zhang on Wine as an Asset Class

In this episode, Anthony and I chop it up an all things wine, investing, LA, and what it like to leave a company to start another. Hope you enjoy this episode of Forward THinking Founders.

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Anthony Zhang

Notes

How Does Vinovest Accelerate Buying and Selling of Wine at 1:22

Did you know that wine is an asset class that has outperformed the S&P for the last few years? Full answer
How Does Vinovest Work at 2:47

1. Take a short quiz about your investment tendencies, risk profile, etc. 2. The system automatically generates a custom portfolio for you 3. Full answer
Can You Drink the Wine You Own on Vinovest? at 6:19

Anthony Zhang says yes. On Vinovest you own the bottle itself, the underlying asset, not a slice of a pool. Full answer
Was It Difficult to Build the Logistic for a Wine Company at 8:02

Anthony has a logistics background, as does his cofounder. Full answer
Is Wine Investing a Risky Business at 9:16

Wine is best to balance out your riskier investments like Crypto and startups. Wine is lower risk, consistent, and appreciates over time steadily. Full answer
Where Do You Base a Wine Business in 2020 at 12:06

To be global and to scale, wine no longer has to be based in California or France. Vinovest can ship to almost anywhere in the world and to scale. Full answer
What Does Anthony Zhang Say About Building Vinovest in Los Angeles? at 14:38

Anthony Zhang says he loves building Vinovest in Los Angeles for the life as much as the hiring pool. Full answer
Favorite Spots in LA at 19:05

1. USC, which is where he met his girlfriend 2. The fashion district and arts district 3. Santa Barbara 4. The west side and Culver City Full answer
How Do You Get the Most Out of Investors at 21:49

In short: 1. Investors want to help but not be in your way 2. When you need help, ask diligently. 3. Problems are ok, investors know you will have problems. Full answer
Any Tips for Fundraising at 24:43

1. Gotta hustle hard 2. Leverage their portfolio founders 3. Try cold emailing, but these are bottom of priority list for most investors. Full answer
Why Aren't Cold Emails Very Effective for VCs at 26:52

1. They probably get 200 emails a day 2. Their best deals come from a dozen different sources. 3. Full answer

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