It’s hard to imagine a world before craft beer. Could we one day feel the same about craft wine?
Boutique wineries across the country are producing small batches of everything from pinot noir to chardonnay, but it can be difficult for us twenty-somethings to find — let alone afford — those wines.
Your go-to vino is likely made by one of three major producers that account for over half of the U.S. wine market, according to a 2016 Michigan State University study. Plus, many boutique wineries make less than 1,000 cases per year and sell mainly through pricey wine clubs, making them hard to access.
Online platforms like Winestyr and Glassful are trying to change that.
Scottish craft beer maker BrewDog is expanding into the U.S.
The company, which started out a decade ago making beer in a garage in Scotland, recently opened a 100,000-square-foot brewery in Columbus, Ohio, and plans to launch its beers on the U.S. market in the next two months.
It’s been quite a journey for James Watt and Martin Dickie, whose firm is now valued at £1 billion ($1.29 billion).
Craft beer is a trendy industry right now, and with good reason. As the boom of craft breweries continues, it’s bringing triumphs and challenges for these startups, and we’re seeing an emerging wave of acquisitions. But the most common question we hear from founders is: “Is selling really just selling out?” These founders are passionate about what they do, often having started up not in pursuit of a big cash out, but rather a love of the perfect pint.
The question of “selling out” resonates beyond just the craft beer world. It makes us wonder: Is selling a startup to a larger corporation a dilemma or an opportunity?