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

Was It Difficult to Build the Logistic for a Wine Company

Anthony has a logistics background, as does his cofounder. Besides, wine business already has a heavy supply chain and logistics setup, so the challenges were more about building the software than dealing with the logistics.

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. 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.
  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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