This was my team's (very enjoyable) masters thesis topic during our MSc Entrepreneurship at Lund University in Sweden. Starting from several concept ideas ranging from wine sealed in a glass, to vacuum sealed individual portion meat multi-packaging to a quit smoking phone app. We landed on this educational wine packaging concept. This was my last agribusiness focussed role before a career change toward the energy sector and renewable energy where I see massive change and opportunity ahead. I led the Speakeasy wine flights project and it took me to London, Burgundy, Dusseldorf and finally a wine importing role in China where, based on some wine education and knowledge I was given the lofty title of Chief Wine Consultant. I liked one Chinese wine import company I met at ProWein in Dusseldorf and shared the idea with them knowing that we could not get IP on the product and that the Chinese don't hesitate when it comes to implementation, and they didnt, by the time I arrived a few months later they were already manufacturing and selling a version of it, which was both a surprise and a pleasure to see. You can see a few amatuer videos of that here;
http://tinyurl.com/Speakeasy-wine-flights-China
In China I learned that a) the Chinese are relentless, b) I cannot drink that much, and c) while the Brits may scorn the mixing of fine wine with soft drink in China to make it more palatable, the Chinese are similarly bewildered by the idea of mixing milk with tea.
2. Team
• Max Boronovskis
– Eight years’ experience in international trade
• Paul Adesanya
– Three years’ experience running health-juice
company
• Eric Barrier
– Three years’ bartending experience
• Anders Dahl
– Founder of Din Bartender
3. Our Mission
• To put a basic knowledge of wine within reach
of every person…
• …with a simple and enjoyable product
experience.
4. The Problem
• Few product categories are as confusing as
wine.
• The majority of consumers report feeling
overwhelmed by choice.
5.
6. Our Solution
• We aim to demystify the wall of wine
– A multi-pack of half-size wine bottles
– Different wines, arranged in theme
– Accompanying education booklet
8. China: Our Target Market
• Finding the right partner
• Dynamic market
– Fastest growing wine market
– Strong demand for wine knowledge
9. Target Segment
• Most important factors when purchasing a
bottle of wine
• Usage situations
• Difficulty in selecting wine
• Desire to learn more about wine
• Information request:
food matching and assessing wine
13. Can it Work for the Producer?
• As a way for the producer to showcase their
wines
• The relationship with wine education and
imported wine
• Taste experience and re-purchase
15. Implementation Plan
• Business Plan: May 2009
• Finalize design: July 2009
• First Production: November 2009
• Full Launch: May 2010
16. Financing
• Seed – finalize design & first-run production
– 200,000 Euro
• Operational – trade credit for cash flow
• Bootstrapping
17. Scenarios
Year 1 Year 2 Year 3 Year 4 Year 5
2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
BEST CASE 400k UNITS YR 5
1,000,000 EXPECTED 200k UNITS YR 5
WORST CASE 100k UNITS YEAR 5
800,000
600,000
400,000
200,000
0
-200,000
Best way to learn about wine is through tasting and comparing several winesAs an industry wine needs a way to educate consumers in an engaging wayTRENDS - SMALL BOTTLESGOURMET FOODNOVEL PACKAGING
Allows for comparative tasting – anywhereMore trial – less error in learning about wineWant to make wine more accessibleNot spending as much as four full bottles of wineExperiential learning less intimidating than an expert or course more fun than reading a book
Allows for comparative tasting – anywhereMore trial – less error in learning about wineWant to make wine more accessibleNot spending as much as four full bottles of wineExperiential learning less intimidating than an expert or course more fun than reading a book