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Back to Anthony Zhang on Wine as an Asset Class, with Anthony Zhang.

Can You Drink the Wine You Own on Vinovest?

Anthony Zhang says yes. On Vinovest you own the bottle itself, the underlying asset, not a slice of a pool. If you want it for a birthday or a party, you take it off the platform and drink it. If you want cash instead, Vinovest matches you with a buyer and you can sell. The wine sits in a global network of professionally managed, fully insured warehouses. He says one site in England is a place the British royal family also stores wine. When you want a delivery, Vinovest lines up a shipper for that warehouse, or you can visit in person. His first company was a food-delivery business, so the logistics were not new to him.

Transcript

Anthony Zhang on Wine as an Asset Class ·

Forward Thinking Founders

More from this episode

  1. How Does Vinovest Accelerate Buying and Selling of WineDid you know that wine is an asset class that has outperformed the S&P for the last few years?
  2. How Does Vinovest Work1. Take a short quiz about your investment tendencies, risk profile, etc. 2. The system automatically generates a custom portfolio for you 3.
  3. Was It Difficult to Build the Logistic for a Wine CompanyAnthony has a logistics background, as does his cofounder.
  4. Is Wine Investing a Risky BusinessWine is best to balance out your riskier investments like Crypto and startups. Wine is lower risk, consistent, and appreciates over time steadily.
  5. Where Do You Base a Wine Business in 2020To 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.
  6. What Does Anthony Zhang Say About Building Vinovest in Los Angeles?Anthony Zhang says he loves building Vinovest in Los Angeles for the life as much as the hiring pool.
  7. Favorite Spots in LA1. 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
  8. How Do You Get the Most Out of InvestorsIn 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.
  9. Any Tips for Fundraising1. Gotta hustle hard 2. Leverage their portfolio founders 3. Try cold emailing, but these are bottom of priority list for most investors.
  10. Why Aren't Cold Emails Very Effective for VCs1. They probably get 200 emails a day 2. Their best deals come from a dozen different sources. 3.

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