Bold Move Beverages

Coffee + Whiskey = Cold Brooze, the next great brunch drink

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Security Type
CAFES
Categories
Alcohol, Food and Bev, Seed, Austin, Whiskey Investment, Alcohol & Vice, Retail
Min Investment
$100
Location
Austin, TX
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$500.00K
No. Investors
56
Security Price
$1
Number of Employees
2
Cash
$105,675
Revenue
$0
Short Term Debt
$6,219
Cost of Goods
$0
Long Term Debt
$0
Net Income
$53,529

Key Deal Facts

Out of 400+ applicants, BMB placed as the top Consumer brand at the Rice Business Plan Competition.
Received 25+ letters of intent from popular Austin bars, golf courses, hotels, and liquor stores.
Distribution offered from LibDib @ RNDC and in conversations with two other tier 1 distributors.
Finalized can/4-pack/tray designs and formulations for both Cold Brooze flavors.
Registered the Cold Brooze trademark & trademarking three other IP’s, including Mai Chai: rum+chai.
Made key additions to the team, including Sam, Caroline, & Joe who are experienced in the industry.
The CEO of Hyliion (HYLN), Thomas Healy, expressed interest in our brand at the RBPC.
4,000+ Product testers to date

Management Team / Advisory Board Bios

Jacob Guss Founder, CEOJacob’s Bold Move was quitting his 9-5 to formulate Cold BroozeⓇ & build Bold Move Beverages. Jacob holds an MBA from UT, co-founded a nonprofit, and has professional experience as a Strategist., Sam Krage Director of Sales and OperationsSam’s Bold Move was jumping ship from the nations largest wine and spirits distributor to join the team as the first full time hire. Sam is an avid rock climber and bulldog aficionado., Lexi Garden Marketing Specialist Lexi's Bold Move is to say whatever is on her mind at all times. Formerly a professional ballet dancer, she now applies her creative skills to share Cold Brooze with the world., Caroline Fabacher AdvisorBold Moves run in Caroline's veins. As a serial alcohol entrepreneur, venture attorney, and advisor, Caroline brings unmatched wisdom to our team. She is also an avid explorer and loves the outdoors., Justin Fenchel Advisor/MentorJustin's Bold Move was launching & growing BeatBox Beverages into a national brand. After completing his MBA at UT, Justin and his team appeared on Shark Tank & landed a deal with Mark Cuban. Justin is passionate about music and hanging with friends., Joseph Kelly AdvisorJoe's Bold Moves extend over 29 years in the alcohol industry. His brand building, go-to-market, e-commerce, and trade development expertise is informed from his time leading teams at Diageo, Pernod Ricard, and Southern Glazers Wine & Spirits., Chris Sundberg Advisor/InvestorChris’ Bold Move is wearing flip flops to most business meetings. Chris is a CPA by trade and is also a successful angel investor. His life goal is to always need a bigger dinner table.
Amount Raised : $74,527
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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