A personalized wine platform that matches wines with your personal taste
80 Million U.S. consumers will spend more than $40+ Billion on wine in 2014. Less than 2% of this will be sold online.
Current online wine offerings are focused on niche markets, sell inexpensive/inconsistent imports and/or replicate the confusing offline experience.
The WineSimple Offer
WineSimple is creating an innovative and unique e-commerce wine business that will sell packages of 6 or 12 wines that are:
- Specifically matched to each consumer’s Taste Profile
- From multiple well-known wine producers—arriving in a single box
- Cost less than typical retail prices
- Projecting to sell $900K in first year after close of fundraise
- Wine revenue should grow from $850K to $50 Million over 4 years
- Company should be profitable in Year 3
WineSimple is the only company that offers quality brand name wine matched to each consumer’s taste preferences at prices less than typical retail. Think Pandora for wine.
Ability to sell more than 70 quality wines from brand name producers without the need to purchase the inventory
Advisors include Co-Founder of Pandora & President of Fandango
Projecting to sell $900K in first year after close of fundraise
E&J Gallo chose WineSimple to create a mobile app to help retailers sell more wine and paid $90,000 to include their wines in the database.
Our algorithm is dynamic and learns, so after rating 5 bottles, 97% of our customers rate wines we recommend a “4” or a “5”.
Strategic partnership with Step Up Women’s Network to promote WineSimple to 50,000 members.
$10,000 – 6 bottles of wine delivered every month for 6 months
$25,000 – 6 bottles of wine delivered every month for 12 months
$50,000 – Above PLUS a CORAVIN™ 1000WINE ACCESS SYSTEM
$100,000 – Above PLUS invitation to participate in a Flavor Profiling session with 3 WineSimple Experts
*Note: There will be a $25 fee for perks, as federal law prevents alcohol from being given away.
- Funding Goal$800,000
- Current Reservations$315,000
- Minimum Reservation$10,000
- Interest (% per year)6.00%
- Term Length (Months)20 months
- Valuation Cap$3,000,000
- Conversion Discount (%)20%
- Warrant Coverage (%)N/A
- Open Date04/30/2015
- Closing Date06/30/2015