Domain Manage

We're Crowdfunding

Discussion in 'Business Discussions' started by max99x, Nov 6, 2015.

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  1. max99x United Kingdom

    max99x Well-Known Member

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    Hey all,

    Some of you may know that I'm involved in a cocktail business, Invest in TASTEcocktails which sell cocktail kits which have everything you need to make bar quality cocktails at home on a subscription basis as well as individually ( great presents ;) )

    Our crowd funding campaign is now, invest from just £10 TASTEcocktails - Invest page for more info :)

    NEW UPDATE: It's done, we hit 150% of our target raising £90k :D


    Still want to buy someone a gift this year? Give them a TASTEcocktails Gift Card

    We've got big plans to shake up the home drinking industry :p so come join in

    Edit: Here's our crowd funding video if you don't have a CrowdCube accounr

    https://www.youtube.com/watch?v=nj7ALFA_eGw

    Cheers
    Max
     
    Last edited: Dec 23, 2015
  2. Domain Forum

    Acorn Domains Elite Member

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  3. ian

    ian Well-Known Member Acorn Supporter

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    Spoke with you about this; very best of luck with it Max.
     
  4. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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    I looked at shaken when they did their raise recently. How will you differentiate the offer?

    I think it's a good model but there's probably going to be a scramble of competition and then one or two will make it, hard to know which...
     
  5. max99x United Kingdom

    max99x Well-Known Member

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    Hi,

    We differentiate in a number of ways, we sell nearly all of our kits individually as well as in a subscription, we also focus on working with brands to get their brand not only tasted by customers but known via our site/social media profiles.

    We're a smaller team and had a tiny amount of investment in comparison to shaken but we're doing more sales, in more highstreet stores, have bigger audiences and tripled our sales in recent months.

    We've got some exciting marketing channels that we'll be looking to switch on with investment and some great ideas for future product offerings.

    Happy to drop you the business plan if you're interested.

    Cheers
    Max
     
  6. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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  7. humble pie United Kingdom

    humble pie Banned

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    Looks interesting, but looking closer at the 'What 'do you get, if you invest?' bit, I'm not sure if I'm entirely clear about what the exact difference of share ownership is at different levels of investment?

    You seem to be doing a lot of work but you not a director.

    One other thing the site although quite nice is slow as a dog to navigate I couldn't place an order as it timed out - is it dedicated, a quick reverse IP shows over 300 other sites hosted, I might be wrong.
     
  8. scottmccloud

    scottmccloud Active Member

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    That was the bit I was a unclear about, although I'm sure it will become clearer when it goes on CrowdCube. It was the "Over £5,000 gets you invited to an exclusive team dinner and drinks!" that I thought was a bit strange. I'd want a bit more than that for £5k.

    Interesting product and I wish you the best of British with it.
     
  9. max99x United Kingdom

    max99x Well-Known Member

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    Hi,

    Yeah it's more clear in the business plan and once crowdcube is setup and goes live it'll all be very clear.

    With the investment you'll get a % of the business as well as stuff like the exclusive dinner, drinks etc.

    As for the speed, we are looking to move it to a dedicated server soon, we've just had so much on with other things that's what investment will help us to do.

    Feel free to email us with any other questions or to clear up anything else :)

    Thanks
    Max
     
  10. humble pie United Kingdom

    humble pie Banned

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    I don't want to should like a troll here but if I were an investor that new anything about IT, domains, web development etc and you had a 'serious' e-commerce site running on a shared hosting plan that didn't work properly but for about £45pm you have it on a fasthosts VPS or (whatever half decent host you like) you don't need investment for that at this stage surely? I'm not saying this doesn't make what you have a good business but might ring alarm bells.

    Out of interest can you give a ball park of what the business turned over to date and net profit + maybe a 3 year expected forecast.


     
  11. max99x United Kingdom

    max99x Well-Known Member

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    We are in the process of sorting the hosting out as we speak, it's been running fine in terms of speed most of the time but has become slow in the last few weeks hence the sorting it out.

    If you let me know your email I can drop you the info you're requesting.
     
  12. max99x United Kingdom

    max99x Well-Known Member

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  13. max99x United Kingdom

    max99x Well-Known Member

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  14. max99x United Kingdom

    max99x Well-Known Member

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    Just quick update, we've at 29% funded in just over 48 hours :)
     
  15. max99x United Kingdom

    max99x Well-Known Member

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  16. ian

    ian Well-Known Member Acorn Supporter

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    Almost there Max, good luck mate.
     
  17. karlm United Kingdom

    karlm Well-Known Member

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    Love this concept. Good luck with it
     
  18. max99x United Kingdom

    max99x Well-Known Member

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    UPDATE: We've now hit our target and are overfunding

    [​IMG]
     
  19. Rob_F United Kingdom

    Rob_F Well-Known Member

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    Congratulations. What cocktail are you having to celebrate?

    - Rob
     
  20. ian

    ian Well-Known Member Acorn Supporter

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    Probably a beer. Congrats Max.
     
  21. deluxedomains

    deluxedomains Active Member

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    yes I like to see people doing well

    big congratulations I hope it continues to progress.
     
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