{"data":{"type":"company_profile","id":78495,"entity_id":"wefunder:company:78495","attributes":{"canonical_url":"https://wefunder.com/dokkaebier","generated_at":"2026-06-21T03:03:09Z","updated_at":"2026-06-20T05:00:33Z","entity_ids":{"company":"wefunder:company:78495","slug":"wefunder:company_slug:dokkaebier"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-21T03:03:09Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-20T05:00:33Z","as_of":"2026-06-21T03:03:09Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-20T05:00:33Z","as_of":"2026-06-21T03:03:09Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-04-30T02:36:54Z","as_of":"2026-06-21T03:03:09Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-04-30T02:36:54Z","as_of":"2026-06-21T03:03:09Z","confidence":"medium"}}},"company":{"id":78495,"entity_id":"wefunder:company:78495","slug":"dokkaebier","name":"Dokkaebier","tagline":"Asian-inspired craft beers. Playful brews, unforgettable taste.","elevator_pitch":"We are an Asian-inspired craft beer company based in the SF Bay Area. We combine unique and tasty ingredients with traditional beer styles. Ingredients like bamboo tea, bay leaf, galangal, Korean red pepper flakes, lemongrass, oyster sauce, Szechuan pepper, yuza, and even kimchi lactobacillus cultures! Our goal is to push boundaries by adding more flavors and diversity to the beer industry.","story":"Our beginnings are humble but profound In 2019, Youngwon Lee thought: \"Why is it that we experiment with Asian flavors when it comes to our food but not when it comes to our drinks?\" He then founded Dokkaebier, drawing on his deep knowledge and years of experience in operations, finance, sales, and brand management in the food and beverage industry.The result is an almost scientific approach to experimentation, driven by sheer determination and a little mischief. Settling in one of the craft beer capitals of America, Oakland, California, Youngwon embraced the local scene. He was inspired by everyone’s sense of adventure, where people sought out unique, interesting, and authentic flavors. He knew then that he had found the perfect place to start. We want to lead the push to bring more diversity and inclusion to the industry. We know craft beer isn’t for snobs, critics, or insiders. Our goal is to fill glasses, bellies, and spirits—all while bringing the rich culture and heritage of Korea and Asia into our brews.Just like the mythical dokkaebis that gave us our name, Dokkaebier aims to refresh the soul, foster togetherness, and delight people in playful and unexpected ways.We’re growing the craft beer market Let’s face it: The American craft beer market is oversaturated. Everyone is making slightly different versions of the same thing. We believe Dokkaebier is the “next step.” Our craft beer is an affordable luxury, an easy upgrade when you want high quality at a great value. Don’t just take our word for it. Craft beer experts tell us that our beer fills the gap left behind by other brands. Our innovation in flavors and brew styles has even non-beer drinkers doing a double-take. We’re also proud to be the first premium product in many retailers’ Asian beer aisles. Our tasteful twists on classics bring novelty and give us an edge in any market we enter.Landing and expanding into a $26.8B industry Dokkaebier is a part of the $26.8 billion craft beer market in the U.S., and we’ve already made an impact. A Western palate dominates the craft beer industry, which gives us a green field to take the market by storm. Dokkaebier has also benefited from tailwinds, including the growing popularity of Korean food and Asian culture. Before us, the substantial Asian market had been untapped, and we feel we are positioned to expand and take advantage of this enormous opportunity.Nonstop innovation with Asian-inspired flavorsInnovation isn’t just a buzzword. It’s in our DNA and makes up everything that we do. We’ve never been called boring. We know savvy consumers are on the hunt for the next big thing. They are drawn to experimentation with authentic flavors, and we push them to new frontiers. We look to our Korean heritage to bring unique and exhilarating flavors to craft beer. Think bamboo tea, bay leaf, galangal, Korean red pepper flakes, lemongrass, oyster sauce, Szechuan pepper, yuza,\u0026nbsp; and even kimchi lactobacillus cultures.From limited-edition drops to the mainstreamWe got our start with limited-edition releases. Our small-batch experiments would sell out in weeks. We would then take our most popular craft beers to scale,\u0026nbsp; selling them directly to distributors and some of the most popular restaurants and retailers. Our direct accounts make the majority of our sales, comprising 77% of our revenue so far in 2023—proof of our ability to create and meet demand. We’ve recently opened a flagship taproom in the Jack London District, which has seen 28% WOW growth on average since April.Dokkaebier taps into the convergence of multiple markets, which have rewarded us for bringing more diversity and innovation. In just a short time, we’ve celebrated our culture, bridged East and West, and profited as we expose people to flavors yet to be discovered.Brands like Sierra Nevada, Samuel Adams and Yuengling are nationally recognized, but most of their popularity comes from consumers in their regions of origin. Similar to how you might root for your home sports teams. This support wanes as you leave their home region.\u0026nbsp;Big Asian brands like Sapporo, Cass, or Tsingtao are widely available, and originated overseas so they don’t depend on regional loyalty. They also have a demographic advantage: the presence of Asian American communities and businesses. We can benefit from this advantage and have a larger distribution as we become the premium upgrade from other Asian beer options.From one tap to thriving throughout the West CoastWe launched Dokkaebier in a San Francisco taproom in February 2020. The taproom was an immediate success and drew considerable media attention, especially with a food menu created by the former chef de cuisine of the two-Michelin-star restaurant Saison.\u0026nbsp;Dokkaebier then evolved during the COVID-19 pandemic. We were one of the first brands to deliver door-to-door throughout the San Francisco Bay Area. Next came our launches in Sacramento, the North Coast, and Los Angeles.\u0026nbsp;Despite the uncertainty, we kept our focus and unyielding spirit. We supported frontline healthcare workers, local nonprofits, and every community we belonged to and thrived. *$1.5MM in revenue includes revenue from a separate entity.\u0026nbsp;In the last year alone, grew our distribution, and doubled our revenue year-over-year! Dokkaebier now has over 550 accounts, representing many grocers, restaurants and retailers. We made our debut at Whole Foods Market in July 2022 and have expanded to all but six locations in Northern California in less than five months. Dokkaebier got into another 26 Whole Foods’ Southern California stores in the first quarter of 2023, an unthinkable pace for a three-year-old brand!Unmatched response from the communityBacked by repeat founders and industry leadersYoungwon Lee founded Dokkaebier, his fifth alcohol startup, after more than 15 years as an executive in the food and beverage industry. He’s launched and distributed craft beer, spirits, and wine, including Agwa de Bolivia, Bernini, Champagne Armand de Brignac, Patron, Stolichnaya, and more.We’re raising funds to bring Dokkaebier nationwideLast year, our community propelled us to the next step in our journey.\u0026nbsp; Now, we want to build upon that momentum with a $2M raise from our friends, family, and biggest supporters, as we work to fund our first brewery and bring Dokkaebier all over the United States. As we expand, we can produce more core beers in larger-scale batches, allowing us to become profitable in 2024.\u0026nbsp;We’ve delivered in the past and we expect to deliver on our promises again.","location":"San Francisco, CA","website":"https://www.enjoydkb.com","total_amount_raised":480270,"total_investors":342,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/dokkaebier","https://www.enjoydkb.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/78495/xxl_cropped_DKB_Q422_camping.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/78495/large_cropped_DKB_Mark_red_RGB.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/78495/standard_cropped_DKB_Q422_camping.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/78495/standard_cropped_DKB_Q422_camping.jpg","profile_video_url":"https://wefunder.wistia.com/medias/soxobxkuad"},"links":{"company_url":"https://www.enjoydkb.com","facebook_url":"https://www.facebook.com/Dokkaebier","instagram_url":"https://www.instagram.com/dokkaebier/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Distributed in over 550 retail locations, including Whole Foods, Total Wine, and BevMo"},{"index":2,"claim_id":"claim-fact-2","value":"10X winner at 2021 and 2022 Brewski Award. 2023 Silver medalist at the World Beer Cup"},{"index":3,"claim_id":"claim-fact-3","value":"Winner of the 2023 Panda Express F\u0026amp;B Scholarship"},{"index":4,"claim_id":"claim-fact-4","value":"Over $1.5MM in revenue since founding (as a brand through this entity and a separate entity)"},{"index":5,"claim_id":"claim-fact-5","value":"Acquired a taproom and brewery in April"},{"index":6,"claim_id":"claim-fact-6","value":"Finalist in the 2023 NIQ Pitch Slam, and the 2020 and 2021 Brewbound Pitch Slam Competitions"},{"index":7,"claim_id":"claim-fact-7","value":"AAPI-owned small business adding diversity within the craft beer industry"},{"index":8,"claim_id":"claim-fact-8","value":"Founder has 15 years F\u0026amp;B experience distributing brands like Tito's, Patron, and Stoli"}],"team":[{"id":1433216,"entity_id":"wefunder:company_role:1433216","user_entity_id":"wefunder:user:214663","role":"founder","name":"Youngwon Lee","title":"Founder, Chief Dokkaebi","bio":"Over 14 years of experience in the food \u0026amp; beverage industry with brands like Stolichnaya, Patron, Armand de Brignac and more. Experience with restaurant, bar and brewery management.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1433216/square_cropped_Youngwon.jpg?1673570117","profile_url":"https://wefunder.com/youngwonlee","personal_url":"https://solo.to/youngwon","linkedin_url":"https://www.linkedin.com/in/youngwon-lee/","related_urls":["https://wefunder.com/youngwonlee","https://solo.to/youngwon"]},{"id":1433342,"entity_id":"wefunder:company_role:1433342","user_entity_id":"wefunder:user:1295115","role":"employee","name":"Aaron Weshnak","title":"Head Brewer","bio":"Graduating from the Brewing Program at UC Davis, he mastered his craft at some of California’s most prestigious breweries like Russian River, Lost Coast, Sunset Reservoir and the Booth.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1433342/square_cropped_62618537_2752448148161177_8402283785755820032_o.jpg?1613980705","profile_url":"https://wefunder.com/aaron.weshnak","linkedin_url":"https://www.linkedin.com/in/aaron-weshnak-1419a297/","related_urls":["https://wefunder.com/aaron.weshnak"]},{"id":1433343,"entity_id":"wefunder:company_role:1433343","user_entity_id":"wefunder:user:1293575","role":"employee","name":"Jiah Park","title":"Art Director","bio":"MA in Arts \u0026amp; Cultural Management from King’s College London and BA Graphic Communication Design from Central Saint Martins. Jiah’s specialty is in conceptualisation, brand identity and visual marketing.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1433343/square_cropped_profile-jiah.jpg?1613980705","profile_url":"https://wefunder.com/jiah.park","linkedin_url":"https://www.linkedin.com/in/jiahxpark/","related_urls":["https://wefunder.com/jiah.park"]}],"featured_investors":[{"id":6056,"entity_id":"wefunder:company_investor_profile:6056","investor_profile_id":923633,"investor_profile_entity_id":"wefunder:investor_profile:923633","subject_entity_id":"wefunder:user:1392162","name":"Avery Glasser","bio":"Serial Entrepreneur with investments in the US and Europe with a split focus on gastro and emerging biometric tech.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1392162/medium_cropped_AveryHeadshotWhite2.jpg","profile_url":"https://wefunder.com/averyglasser","investment_total":14000,"investment_info":"Invested $4,000 this round \u0026 $10,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/averyglasser"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":14,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":73095,"entity_id":"wefunder:fundraise:73095","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2023-01-26T02:57:20Z","funding_closed_at":"2023-06-27T04:01:23Z","auto_close_at":"2023-06-27T03:59:59Z"},{"id":73096,"entity_id":"wefunder:fundraise:73096","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":2000000.0,"funding_started_at":"2023-01-05T20:41:20Z"},{"id":42417,"entity_id":"wefunder:fundraise:42417","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":75000.0,"funding_started_at":"2021-05-22T00:00:53Z","funding_closed_at":"2021-11-04T05:03:49Z","auto_close_at":"2021-11-04T03:59:59Z"},{"id":42418,"entity_id":"wefunder:fundraise:42418","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2021-03-15T22:25:32Z"}],"latest_fundraise":{"id":73095,"entity_id":"wefunder:fundraise:73095","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2023-01-26T02:57:20Z","funding_closed_at":"2023-06-27T04:01:23Z","terms":{"eb":null,"nb":"$8M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":151185,"entity_id":"wefunder:comment:151185","question":"How long do you expect it will be before a priced round? In other words, how long until the SAFE converts? Is exit/acquisition an active goal for you?","author_name":"Derek Fenwick","votes":4,"created_at":"2021-05-27T05:46:41Z","canonical_url":"https://wefunder.com/dokkaebier#question-151185","answers":[{"id":151594,"entity_id":"wefunder:comment:151594","answer":"Hello Derek, We expect to go on a price round within a year. Yes, exit/acquisition is an active goal for us. Our moonshot will be IPO, but we will definitely be aiming to exit down the road.","author_name":"Youngwon Lee","votes":3,"created_at":"2021-05-29T00:47:58Z"}]},{"id":151045,"entity_id":"wefunder:comment:151045","question":"How much are you raising (minimum and maximum).since your beer is already in market so what is the purpose of raising this funding? For how long, you can survive without the funding? Are you raising funding from any VC as well","author_name":"Ashutosh Goyal","votes":3,"created_at":"2021-05-26T18:53:17Z","canonical_url":"https://wefunder.com/dokkaebier#question-151045","answers":[{"id":151387,"entity_id":"wefunder:comment:151387","answer":"Hello Ashutosh. The minimum amount that we hoped to raise has been reached, $75,000. We have set our maximum target as $300,000. In broad terms, we are fundraising in order to grow the company from where it is now. Specifically, we would like to recruit additional team members to increase the breadth of our distribution channels and grow our presence in the marketplace. With the minimum targets, we would expect to be able to operate for 6 months and 18 months with the maximum target respectively. This may change over time if our budget for the market or strategy changes. Yes, we have raised VC funds initially. We are not actively looking for VC investment for this round but will take it into consideration in the future if the opportunity presents itself.","author_name":"Youngwon Lee","votes":4,"created_at":"2021-05-28T01:14:00Z"}]},{"id":150466,"entity_id":"wefunder:comment:150466","question":"Hello - I can't find DKB Brands Inc anywhere on the SEc website. What are you filed under?","author_name":"Scott Hinkle","votes":3,"created_at":"2021-05-24T04:06:30Z","canonical_url":"https://wefunder.com/dokkaebier#question-150466","answers":[{"id":150894,"entity_id":"wefunder:comment:150894","answer":"Hello Scott, Below is the link for our filing in the USSEC website: https://www.sec.gov/cgi-bin/browse-edgar?company=dkb+brands+inc\u0026amp;match=\u0026amp;filenum=\u0026amp;State=\u0026amp;Country=\u0026amp;SIC=\u0026amp;myowner=exclude\u0026amp;action=getcompany","author_name":"Youngwon Lee","votes":1,"created_at":"2021-05-26T00:02:36Z"}]},{"id":142917,"entity_id":"wefunder:comment:142917","question":"Hi Dokkaebier team - want to see if you can share more details around how the business performed in 2020 (and Q1 2021 if available) in terms of sales, largest expenses if possible. Also would like to understand expansion plans and how the funds raised will be used. Lastly, noticed most items on the website are sold out. Is this driven by the fact most products are white label/experimental before you more widely produce them as a core product. Would be great to understand what you plan on doing to meet rising demand or is the decrease in inventory temporary? Thanks!","author_name":"Jennifer Lou","votes":2,"created_at":"2021-04-18T18:11:26Z","canonical_url":"https://wefunder.com/dokkaebier#question-142917","answers":[{"id":151385,"entity_id":"wefunder:comment:151385","answer":"Hello Jennifer, Below are our most recent statistics: 2020Q3 - $33,600 2020Q4 - $46,500 2021Q1 - $74,200 Number of available locations at the end of each quarter: 2020Q3 - 14 2020Q4 - 24 2021Q1 - 64 We are now available in about 80 different local offline stores. As things are opening up, we expect to have a higher growth rate in offline/distribution channels. We would like to further expedite the growth by adding sales and marketing personnel with the fund raised. Funds will also allow us to hold more inventory as the revenue grows. Regarding sold-out items, yes, this is our experimental series, which by design are only produced in small batches. Once we sell out, we decide whether to reintroduce the beer again depending on our customers’ reaction/sales trend. We have recently decided to bring back 3 popular brews to the market. We are currently contract brewing with 3 breweries and are currently in talks with two others to produce more beer to meet increasing demand.","author_name":"Youngwon Lee","votes":2,"created_at":"2021-05-28T01:13:33Z"}]},{"id":139775,"entity_id":"wefunder:comment:139775","question":"It would be great to provide a few success and fail scenarios with how the money flows. E.g., 10k invested and how this turns into stocks and etc to show money flow for successful cases and failed cases.","author_name":"Minwoo Park","votes":2,"created_at":"2021-04-04T15:06:09Z","canonical_url":"https://wefunder.com/dokkaebier#question-139775","answers":[{"id":150893,"entity_id":"wefunder:comment:150893","answer":"Hello Minwoo, All the investments raised under the SAFE term will convert when we start the price round. Your 10k investment will either convert at 5m valuation of the company or 20% discounted rate, whichever is more financially beneficial to you. In a successful scenario, the company will either exit or go for IPO, at which time you can choose to sell your shares. The flip side is if the company fails and your investment is lost.","author_name":"Youngwon Lee","votes":1,"created_at":"2021-05-26T00:02:26Z"}]},{"id":328768,"entity_id":"wefunder:comment:328768","question":"any updates? financials ?","author_name":"Rainer Filthaut","votes":1,"created_at":"2026-03-24T01:27:45Z","canonical_url":"https://wefunder.com/dokkaebier#question-328768","answers":[]},{"id":266011,"entity_id":"wefunder:comment:266011","question":"Could you let me know how to receive a 10% discount code for online purchases? I put in $10,000 in the June round and didn't get any instructions. Thank you!","author_name":"Patrick Zhang","votes":1,"created_at":"2023-10-19T06:50:08Z","canonical_url":"https://wefunder.com/dokkaebier#question-266011","answers":[]},{"id":234205,"entity_id":"wefunder:comment:234205","question":"I assume right now you're contract brewing?","author_name":"Douglas G Mancosky","votes":1,"created_at":"2023-02-10T14:14:21Z","canonical_url":"https://wefunder.com/dokkaebier#question-234205","answers":[{"id":234995,"entity_id":"wefunder:comment:234995","answer":"Hi Douglas! Yes, we are currently contract brewing with a few partners throughout the Bay Area. Though we are currently working to have a brewery we can call home, we will continue to contract brew to meet demand.","author_name":"Shae Emerson","votes":0,"created_at":"2023-02-16T00:48:15Z"}]},{"id":174941,"entity_id":"wefunder:comment:174941","question":"What date exactly will this round of funding close, and also, how has the growth been over the past month or two? Thank you.","author_name":"Yerang Joseph Park","votes":1,"created_at":"2021-10-20T02:09:01Z","canonical_url":"https://wefunder.com/dokkaebier#question-174941","answers":[{"id":230772,"entity_id":"wefunder:comment:230772","answer":"Hey Yerang! The last round of funding closed a while ago, but we are starting a new round of funding today! You can look at the growth of our company up until now on the slides seen on our main page.","author_name":"Shae Emerson","votes":0,"created_at":"2023-01-09T17:54:46Z"}]},{"id":167511,"entity_id":"wefunder:comment:167511","question":"When is this round expected to close?","author_name":"Dale QUAMMIE","votes":1,"created_at":"2021-09-02T21:55:49Z","canonical_url":"https://wefunder.com/dokkaebier#question-167511","answers":[{"id":170895,"entity_id":"wefunder:comment:170895","answer":"Hi Dale, we expect to close this round at the end of October!","author_name":"Youngwon Lee","votes":0,"created_at":"2021-09-23T14:46:35Z"}]},{"id":157288,"entity_id":"wefunder:comment:157288","question":"Hi will Dokkaebier be listed on TapRM? What's the distribution timeline look like to arrive in LA?","author_name":"Michael G","votes":1,"created_at":"2021-07-10T18:46:07Z","canonical_url":"https://wefunder.com/dokkaebier#question-157288","answers":[{"id":159217,"entity_id":"wefunder:comment:159217","answer":"Hello Michael, We are currently in talks with TapRPM in an effort to get listed and to expand our outreach. We are available at a number of retail locations in LA and Southern California. You can use the store locator feature on our website to see specific locations. https://enjoydkb.com/pages/store-locator","author_name":"Youngwon Lee","votes":0,"created_at":"2021-07-21T22:57:45Z"}]},{"id":333852,"entity_id":"wefunder:comment:333852","question":"Whats the update on this? Not much filtering to investors.","author_name":"Paul Castro","votes":0,"created_at":"2026-05-18T21:35:15Z","canonical_url":"https://wefunder.com/dokkaebier#question-333852","answers":[]},{"id":323715,"entity_id":"wefunder:comment:323715","question":"It’s been quite awhile. When do you project the SAFE will convert?","author_name":"Jane A Sosnowski","votes":0,"created_at":"2026-01-26T17:20:10Z","canonical_url":"https://wefunder.com/dokkaebier#question-323715","answers":[]},{"id":233504,"entity_id":"wefunder:comment:233504","question":"Whole Foods. Why were you out of stock in October and November ?","author_name":"BENJAMIN STARK","votes":0,"created_at":"2023-02-05T21:56:49Z","canonical_url":"https://wefunder.com/dokkaebier#question-233504","answers":[{"id":233988,"entity_id":"wefunder:comment:233988","answer":"Hi Benjamin! One of our brewing partners had an equipment failure, shutting down their entire operation for months as we were expanding to more stores at Whole Foods Market. We had to brew with a different partner but this forced us to have an unexpected inventory shortage.","author_name":"Youngwon Lee","votes":0,"created_at":"2023-02-09T00:43:32Z"}]}],"faq":[{"question":"It would be great to provide a few success and fail scenarios with how the money flows. E.g., 10k invested and how this turns into stocks and etc to show money flow for successful cases and failed cases.","answer":"Hello Minwoo, All the investments raised under the SAFE term will convert when we start the price round. Your 10k investment will either convert at 5m valuation of the company or 20% discounted rate, whichever is more financially beneficial to you. In a successful scenario, the company will either exit or go for IPO, at which time you can choose to sell your shares. The flip side is if the company fails and your investment is lost."},{"question":"Hi Dokkaebier team - want to see if you can share more details around how the business performed in 2020 (and Q1 2021 if available) in terms of sales, largest expenses if possible. Also would like to understand expansion plans and how the funds raised will be used. Lastly, not...","answer":"Hello Jennifer, Below are our most recent statistics: 2020Q3 - $33,600 2020Q4 - $46,500 2021Q1 - $74,200 Number of available locations at the end of each quarter: 2020Q3 - 14 2020Q4 - 24 2021Q1 - 64 We are now available in about 80 different local offline stores. As things are opening up, we expect to have a higher growth rate in offline/distribution channels. We would like to further expedite the growth by adding sales and marketing personnel with the fund raised. Funds will also allow us to..."},{"question":"Hello - I can't find DKB Brands Inc anywhere on the SEc website. What are you filed under?","answer":"Hello Scott, Below is the link for our filing in the USSEC website: https://www.sec.gov/cgi-bin/browse-edgar?company=dkb+brands+inc\u0026amp;match=\u0026amp;filenum=\u0026amp;State=\u0026amp;Country=\u0026amp;SIC=\u0026amp;myowner=exclude\u0026amp;action=getcompany"},{"question":"How much are you raising (minimum and maximum).since your beer is already in market so what is the purpose of raising this funding? For how long, you can survive without the funding? Are you raising funding from any VC as well","answer":"Hello Ashutosh. The minimum amount that we hoped to raise has been reached, $75,000. We have set our maximum target as $300,000. In broad terms, we are fundraising in order to grow the company from where it is now. Specifically, we would like to recruit additional team members to increase the breadth of our distribution channels and grow our presence in the marketplace. With the minimum targets, we would expect to be able to operate for 6 months and 18 months with the maximum target respectiv..."},{"question":"How long do you expect it will be before a priced round? In other words, how long until the SAFE converts? Is exit/acquisition an active goal for you?","answer":"Hello Derek, We expect to go on a price round within a year. Yes, exit/acquisition is an active goal for us. Our moonshot will be IPO, but we will definitely be aiming to exit down the road."}]}}}