Anthony Zhang, Co-founder and CEO at Vinovest talks about how his company helps "regular" people invest in wine - an asset class that was previously only accessible to the wealthy people with free time on their hands. He also spoke about their most recent Series A and how they had to change their business model to close the round successfully.
Anthony's LinkedIn: https://www.linkedin.com/in/anthony-zhang-988a2375/
Link to Vinovest that will get you 3 months of no management fees: https://vinovest.co/signup?grsf=lr4ndv&utm_campaign=Dec_2021_LTO_Referral (this episode is not sponsored by Vinovest and the referral link yields no commissions for Fundraising Radio)
Get our course at a huge discount here: https://www.fundraising-courses.com/
Some of the questions covered in this episode:
- tell us a little bit more about how vinovest operate
- you said that your series A was much easier than seed, why is that?
- when you "removed yourself from the day to day operations" in order to raise series A, who replaced you?
- on our pre-interview you've mentioned that you got a few counter-offers on your initial round in series A, how did you manage to do that?
- why didn't you follow the same strategy for your Seed?
- how did your pre-seed round go compared to the two following?
- you said that on your series A you had to switch your customer acquisition model and switch from the organic to paid, why is that?
- when did this transition happen and how do you feel about it