Hi, great presentation. This raise checks almost every box, but with one big exception. Your valuation is so high here that investors here carry almost all of the downside risk. It is more than 33x the valuation you got on Shark Tank less than a year ago, even though your grow...

Hey Alan! Thanks so much for the kind words and interest in our company. I hope I can answer your question. We went on Shark Tank in 2014, having done just about $200,000 in revenue. We raised then at a $3m valuation, almost 15x our revenue. In the last 12 months we have sold nearly $6.5m in product, and are raising at a $60m valuation, less than 10x our trailing 12 month revenue, and just 4x our 2021 forecast. So on on a revenue multiple basis, this investment is actually less expensive than...

Will there be a return on investment?

Hey Michael - That is definitely the goal! We are planning to at least double our sales again next year and continue to grow at a rapid pace beyond that. As it stands now we are sold in less than 5% of the total account universe in the US alone, not to mention the international opportunity. So there is a TON of white space to go after. As our revenues grow, our valuation grows providing returns to our investors in the future.

Thanks! It seems the valuation is reasonable. I'm definitely leaning toward investing. A couple of questions about finances: 1. I was glad to see your answer to Will because cost of sales was an issue in 2019 but 55% is solid. As far as OPEX, how much of those costs are variab...

Alan - thanks for the thoughtful questions. The beauty of breaking down the distribution/retail barriers in the alcohol industry is that once you've got the accounts and they are selling, it scales extremely quickly over a mostly fixed cost base. Of course we will be hiring more people, doing larger scale marketing activities, etc. however that will be a much smaller increase than the projected sales growth...so over time more and more falls to the bottom line. We offer very competitive salar...

Great package here Future Proof team! Three questions... What do you plan on using this fund raise for? How much of a cash runway will this raise get you? Do you have plans for additional fundraising or does your financial model allow you to pay off debt and fund future growth...

Hey Kyle - thanks for the great questions. We are using the fundraising to hire 4-5 more sales people, be able to do larger inventory runs, and pay off some short term debt we took on when Covid first hit. Our hope is that with a successful fundraising, exponential sales growth and our huge new margins we will be able to self fund all of the growth without needing to raise again. That is what our financial model shows but models do not always work perfectly and things can change. Should we re...

Hi Justin and team, congrats on all your successes so far. Im a DJ myself and resonate with the brand, vision, product and team and i invested after the boardroom pitch so im excited to be part of this journey. Still i do have some questions. What are your 1yr 3yr and 5yr mile...

Michaelangelo first of all thank you so much for your investment and belief in our company/vision. It means a ton. And we absolutely need to get you some boxes for your next show!! From the beginning we have said we want to be the Red Bull of the alcohol industry. To be more than just a product, but an experiential lifestyle brand centered around music and bringing people together across the world. When thinking about the next 1, 3 and 5 years...we like to think about the total account univer...

BeatBox

Invest in the Top Selling Ready to Drink Cocktail Brand in the U.S.

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beatboxbeverages.com

Austin, TX

Notable Angel Female Founder Alcohol & Vice Food & Beverage Retail

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Peter interviewed BeatBox on February 7, 2022. Play Video

Peter Harris

Founding Partner at University Growth Fund, an early and growth-focused venture fund with $90M AUM. Over the last 15 years I've invested in over 100 private companies including OpenAI, Carta, Airbnb, Spotify, Instructure, Workfront, Postmates, & Wefunder.

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says, "I love the brand they are building and their focus on creating community and brand recognition through events. It appears that their fun, eco-friendly approach is resonating with customers. Great team, very impressive growth, profitable!!"

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says, "Lots of consumer products companies struggle at the $20M revenue mark as they tap out early adopters. But if they double revenue again, they start to become a prime acquisition target. They'll also likely attract more competition at that point, so they'll need to continue to build their brand awareness to build a meaningful moat."

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Invested $150,000 this round + $300,000 previously

BeatBox has a clear vision, a fabulous brand and great product, loyal customers (Many of whom have become investors), keen attention to the costs of business and executing operating efficiencies, and has a long term leadership and stewardship team that knows how to attack challenges. BeatBox is already a winner. The Company is in its next phase of growth. Putting the sales and marketing infrastructure in place is critical and is where these invested funds are to be used. I am honored to be a small part of that effort and welcome your consideration.

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