{"data":{"type":"company_profile","id":13913,"entity_id":"wefunder:company:13913","attributes":{"canonical_url":"https://wefunder.com/drifterspirits","generated_at":"2026-06-22T03:31:54Z","updated_at":"2026-06-21T05:00:04Z","entity_ids":{"company":"wefunder:company:13913","slug":"wefunder:company_slug:drifterspirits"},"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":"2026-06-22T03:31:54Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-21T05:00:04Z","as_of":"2026-06-22T03:31:54Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-21T05:00:04Z","as_of":"2026-06-22T03:31:54Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T03:31:54Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T03:31:54Z","confidence":"medium"}}},"company":{"id":13913,"entity_id":"wefunder:company:13913","slug":"drifterspirits","name":"Drifter Spirits","tagline":"A growing portfolio of craft spirits brands","elevator_pitch":"Produce, market and sell craft spirits\u0026nbsp;across 42 states in the US and 7 countries in Europe.\u0026nbsp; The portfolio includes Avuá Cachaça (Brazilian sugar cane spirit) launched in 2013, Svöl Aquavit (Scandinavian botanical spirit) launched in 2019, and soon Gagliardo Bitter Radicale (Italian liqueur range).","story":"Drifter is a portfolio of global spirits for the modern bar.We scour the world for historically relevant, uniquely crafted products for the modern bar.\u0026nbsp; We use our strength in the on premise channel and key relationships with major national distributors and key bars, restaurant and hotels to build an efficient route to market.In the rapidly growing craft spirit space we serve as the sales and marketing agency and route to market for Avuá Cachaça (our lead brand that has over $1.3MM in sales in 2019), Svol Aquavit (launch in June 2019 to much fanfare and over $150k in revenue in 2019) and this summer Gagliardo Bitter Radicale (a 5th generation Italian producer).\u0026nbsp;\u0026nbsp;What is Avuá Cachaça?Cachaça has been Brazil's beloved spirit for over 500 years and is the third most consumed alcoholic spirit in the world. Avuá Cachaça is single-sourced and pot distilled at a 3 generation farm about 4 hours from Rio, and comes in both 84 proof unaged Prata and the unique South American indigenous Amburana wood aged expression.\u0026nbsp;Our mission is to challenge the perception of the cachaça category as a one-trick caipirinha pony to an artisanal product that expresses the 500 years of traditional production in Brasil.\u0026nbsp; The brand has\u0026nbsp;$1,369,000 in rolling Total Sales March 1, 2019 to March 1, 2020.What is Svol Aquavit?Svol is\u0026nbsp;taking a thoughtful\u0026nbsp;gin-inspired approach to a centuries-old Scandinavian spirit.\u0026nbsp;\u0026nbsp;We worked with Gunnar Gislasson chef/owner of\u0026nbsp;Dill in Iceland and Jonas Andersen of Agern \u0026amp; Great Northern Food Hall on\u0026nbsp;botanicals, souring and blending. Allen\u0026nbsp;Katz and the NY Distilling team is our production partner with their great\u0026nbsp;expertise in botanical distillation. We\u0026nbsp;are excited to share with you our first two marks inspired by the traditions of\u0026nbsp;Denmark and Sweden.\u0026nbsp;Svol sold $153,000 in revenues in only a half year of launch (contributing $38k to Drifter in sales margin)\u0026nbsp;- ahead of initial sales for Avuá in a category that bartenders are rapidly growing more interested in.\u0026nbsp; Our aim is to be the leader in the category as it grows in the US and Europe with great cocktail placements in key bars, restaurants and hotels around the world.\u0026nbsp;\u0026nbsp;What is Gagliardo Bitter Radicale?The Gagliardo range will launch this summer with a liqueur range from a\u0026nbsp;5th Generation grappa distiller who re-discovered old family recipes. The range includes:• A Campari fighter in the Bitter Radicale with a long and strong bitter taste and aftertaste using the least sugar quantity as possible.• Italian Orange liqueur is the only of its kind in the market• Fernet Radicale which is a lighter more round version of the stylePlanned launch in Q3 of 2020 in key markets in the US – already approved by our two biggest distributors for launch.Drifter will grow our portfolio significantly over the next 5 years.We will be growing our portfolio to 8-10 solid brands over the next 5 years that will generate an estimated $10MM in revenue and deliver $2MM in net income, of which a large portion\u0026nbsp;will be released as dividends.\u0026nbsp; We will enter other categories such as tequila, gin, and vermouth over time with the right partners and our consistent on premise, brand building focused approach.\u0026nbsp;\u0026nbsp;","location":"Brooklyn, NY","website":"https://www.drifterspirits.com","total_amount_raised":270305,"total_investors":284,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/drifterspirits","https://www.drifterspirits.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/13913/xxl_cropped_End_Slide.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/13913/large_cropped_Drifter_BlueYellow.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/13913/standard_cropped_End_Slide.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/13913/standard_cropped_End_Slide.jpg"},"links":{"company_url":"https://www.drifterspirits.com","twitter_url":"http://twitter.com/avuacachaca","facebook_url":"https://www.facebook.com/avua.cachaca/?fref=ts","instagram_url":"https://www.instagram.com/avuacachaca/","youtube_url":"https://www.youtube.com/channel/UCCoB_zUA2Fzuc2szJIF6KYw "},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Strong executive team with experience in brand management at Red Bull, and legal at Goldman Sachs."},{"index":2,"claim_id":"claim-fact-2","value":"Advisory board and investors include SVPs at Pernod Ricard, William Grant; President of Red Bull NA."},{"index":3,"claim_id":"claim-fact-3","value":"2019 Revenue of $1.3m. Lifetime revenue of $4.3m and 2013-2019 10x growth in revenue."},{"index":4,"claim_id":"claim-fact-4","value":"Internationally recognized products: Avuá Cachaca won Double Gold / Best in Category at SF Spirit."},{"index":5,"claim_id":"claim-fact-5","value":"With our second brand (Svol Aquavit), we did in 6 months what took us 2 years to achieve with Avua."},{"index":6,"claim_id":"claim-fact-6","value":"Craft spirits growing at a 24% CAGR and make up more than 5% of total spirits with lots more runway"},{"index":7,"claim_id":"claim-fact-7","value":"Many recent exits in the craft sector at 10x multiples. Assuming this we would be valued at $13M+"},{"index":8,"claim_id":"claim-fact-8","value":"Vision to build a portfolio of 10 spirits brands that would drive \u0026gt;$10M in revenue by 2025."}],"team":[{"id":87508,"entity_id":"wefunder:company_role:87508","user_entity_id":"wefunder:user:85647","role":"founder","name":"Peter Nevenglosky","title":"President","bio":"Leads sales, marketing and innovation for Drifter Spirits. Former brand manager and innovation specialist for Red Bull and Dannon. MBA NYU 2009.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/87508/square_cropped_DSC_6578.jpg?1587760441","profile_url":"https://wefunder.com/peternevenglosky","personal_url":"https://www.drifterspirits.com/","linkedin_url":"https://www.linkedin.com/in/peternevenglosky/","related_urls":["https://wefunder.com/peternevenglosky","https://www.drifterspirits.com/"]},{"id":111547,"entity_id":"wefunder:company_role:111547","user_entity_id":"wefunder:user:99674","role":"founder","name":"Nathan Whitehouse","title":"CEO","bio":"Leads finance, operations and client relations for Drifter Spirits. Former attorney in finance at Goldman Sachs with a JD from George Washington University","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/111547/square_cropped_natewhitehouse.jpg?1587760468","profile_url":"https://wefunder.com/nathanwhitehouse","personal_url":"http://www.avuacachaca.com.br/","linkedin_url":"https://www.linkedin.com/in/nathan-whitehouse-0525365/","related_urls":["https://wefunder.com/nathanwhitehouse","http://www.avuacachaca.com.br/"]},{"id":888625,"entity_id":"wefunder:company_role:888625","role":"employee","name":"Ted Roman","title":"Advisory Board Member","bio":"Executive Vice President of Sales for Q Sodas while previously a Senior VP of Sales at William Grant and Pernod Ricard - expert at route to market and distributor management.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/888625/square_cropped_ted_.jpg?1587525890","linkedin_url":"https://www.linkedin.com/in/tedroman/","related_urls":[]},{"id":112711,"entity_id":"wefunder:company_role:112711","role":"employee","name":"Michael Neff","title":"Advisory Board Member ","bio":"Bar owner and consultant with 20 plus years of experience in New York and Los Angeles.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/112711/square_cropped_michael-neff-what-i-drink-fwx.jpg?1587525890","related_urls":[]},{"id":112712,"entity_id":"wefunder:company_role:112712","role":"employee","name":"Francine Cohen","title":"Advisory Board Member ","bio":"Spirits writer and founder of Inside F\u0026amp;B.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/112712/square_cropped_20100210francinecohen.jpg?1587525887","related_urls":[]},{"id":112710,"entity_id":"wefunder:company_role:112710","role":"employee","name":"Gable Erenzo","title":"Advisory Board Member","bio":"Founder of Hudson Whiskey and Tuthiltown Distillery which was recently sold to William Grant. Owner Gardiner Mercantile.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/112710/square_cropped_Gable-Erenzo.jpg?1587525885","related_urls":[]},{"id":112713,"entity_id":"wefunder:company_role:112713","role":"employee","name":"Justin Noel ","title":"Advisory Board Member","bio":"Bar owner in New York and national brand ambassador for Campari.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/112713/square_cropped_lime3.jpg?1587525883","related_urls":[]},{"id":888626,"entity_id":"wefunder:company_role:888626","role":"employee","name":"Jeff Diego","title":"Director of Operations \u0026 Finance","bio":"Reduced out of stocks on inventory to 0% in calendar year 2019.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/888626/square_cropped_diego.jpg?1743542958","related_urls":[]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":2,"ask_questions":82,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":29684,"entity_id":"wefunder:fundraise:29684","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":500,"max_purchase":9,"funding_target":20000.0,"funding_started_at":"2020-04-16T16:10:05Z","funding_closed_at":"2020-10-01T05:02:06Z","auto_close_at":"2020-10-01T03:59:59Z"},{"id":9457,"entity_id":"wefunder:fundraise:9457","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"revenue_share","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2017-06-07T21:49:42Z","funding_closed_at":"2018-05-01T04:02:07Z","auto_close_at":"2018-05-01T03:59:59Z"}],"latest_fundraise":{"id":29684,"entity_id":"wefunder:fundraise:29684","state":"successful","offering_type":"4(a)(6)","structure":"convertible_note","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-04-16T16:10:05Z","funding_closed_at":"2020-10-01T05:02:06Z","terms":{"eb":null,"nb":"$5.47M","txt":"valuation cap"}},"recent_posts":[{"id":92939,"entity_id":"wefunder:feed_item:92939","type":"FeedItem::Update","visibility":"public","title":"Avua Won Best Cachaça at the 2018 San Francisco World Spirits Competition","preview":"The San Francisco World Spirits Competition is one of the most prestigious spirits competitions in the world and recognized internationally as one of the most influential events in the world of spirits. For the ultimate spirits collection, consider loading up on the 2018 Best in Class winners Our Avuá Prata won gold and Avua Amburana won silver at the 2018 spirits competition.","published_at":"2018-08-12T14:45:43Z","author_name":"Peter Nevenglosky","url":"/feed/92939","canonical_url":"https://wefunder.com/feed/92939"},{"id":91132,"entity_id":"wefunder:feed_item:91132","type":"FeedItem::Update","visibility":"public","title":"October Sales","preview":"We are excited to report that our October US sales increased versus YAGO substantially. \u0026nbsp;U.S. sales in October 2017 were $134,148.26 versus $86,840.34, for a growth of 55% versus YAGO.\u0026nbsp;\u0026nbsp;We are also excited to show you this lovely picture of the cocktail on the Daniel menu in New York City, a three star Michelin restaurant.\u0026nbsp; \u0026nbsp;The cocktail is named \"Dusk in Ipanema\", Avua Amburana, Averna, vanilla syrup, workhorse rye pumpkin spice bitters, and a garnish of sugar feathe...","published_at":"2017-11-08T20:51:55Z","author_name":"Peter Nevenglosky","url":"/feed/91132","canonical_url":"https://wefunder.com/feed/91132"}],"q_and_a":[{"id":75123,"entity_id":"wefunder:comment:75123","question":"No Q3 Report. No Q5 Report.\u0026nbsp; Declining returns for the last 4 quarters. \u0026nbsp;Don't you think its time to update your investors on what's going on?","author_name":"Thomas T Simmons","votes":3,"created_at":"2020-01-22T21:37:45Z","canonical_url":"https://wefunder.com/drifterspirits#question-75123","answers":[{"id":85248,"entity_id":"wefunder:comment:85248","answer":"Hi Thomas. Apologies for the delayed response. The 2019 report was filed and there was some information posted about 2019 numbers, as well as plans to deal with COVID's impact on our business. Please reach out if you need further clarification.","author_name":"Peter Nevenglosky","votes":0,"created_at":"2020-04-07T22:19:23Z"}]},{"id":170102,"entity_id":"wefunder:comment:170102","question":"I have not received any news and cannot get a response from this company in regards to their financial strength or status. I can find no further filings via the SEC EDGAR system for Drifter Spirits or Avua Corp and I am concerned about my investment.","author_name":"Chase Finch","votes":2,"created_at":"2021-09-19T03:35:55Z","canonical_url":"https://wefunder.com/drifterspirits#question-170102","answers":[]},{"id":164425,"entity_id":"wefunder:comment:164425","question":"Have payments been going out? I haven't gotten any in quite some time. Please provide an update.","author_name":"Justin Davis","votes":2,"created_at":"2021-08-19T14:17:36Z","canonical_url":"https://wefunder.com/drifterspirits#question-164425","answers":[]},{"id":152089,"entity_id":"wefunder:comment:152089","question":"It's June 1st 2021 what's happening with Drifter","author_name":"Michael Rains","votes":2,"created_at":"2021-06-01T22:12:50Z","canonical_url":"https://wefunder.com/drifterspirits#question-152089","answers":[]},{"id":251011,"entity_id":"wefunder:comment:251011","question":"It's been 5 years since our revenue share investment. When do you expect to pay out investors?","author_name":"Joan Josep Serra Torres","votes":1,"created_at":"2023-06-18T12:54:24Z","canonical_url":"https://wefunder.com/drifterspirits#question-251011","answers":[]},{"id":223838,"entity_id":"wefunder:comment:223838","question":"Once again, its been more than 18 months since we've heard anything, and still no returns on investment. Should we assume this is a \"bad debt\" and just write it off on this year's taxes?","author_name":"Thomas T Simmons","votes":1,"created_at":"2022-10-27T00:02:01Z","canonical_url":"https://wefunder.com/drifterspirits#question-223838","answers":[]},{"id":187953,"entity_id":"wefunder:comment:187953","question":"When can we expect an update and report on 2021's performance?","author_name":"Ian Buxton","votes":1,"created_at":"2022-01-12T18:47:28Z","canonical_url":"https://wefunder.com/drifterspirits#question-187953","answers":[]},{"id":134510,"entity_id":"wefunder:comment:134510","question":"It's March 2021 any news? Is Drifter still in Business?","author_name":"Michael Rains","votes":1,"created_at":"2021-03-11T21:12:39Z","canonical_url":"https://wefunder.com/drifterspirits#question-134510","answers":[]},{"id":123843,"entity_id":"wefunder:comment:123843","question":"What's the situation with Q3 and Q4 2020 payments? Hate having to follow up...","author_name":"Barnaby Zelman","votes":1,"created_at":"2021-01-10T05:55:54Z","canonical_url":"https://wefunder.com/drifterspirits#question-123843","answers":[]},{"id":86742,"entity_id":"wefunder:comment:86742","question":"What is your path and timeline to profitability?","author_name":"Craig J. Vom Lehn","votes":1,"created_at":"2020-04-21T15:31:00Z","canonical_url":"https://wefunder.com/drifterspirits#question-86742","answers":[{"id":86743,"entity_id":"wefunder:comment:86743","answer":"Hi Craig. \u0026nbsp;Once the market re-stabilizes, we believe we will have about a year to profitability. \u0026nbsp;The ability to add additional brands off a similar sales expense structure should begin to make the business as a whole significantly more cash-efficient.","author_name":"Nathan Whitehouse","votes":0,"created_at":"2020-04-21T15:34:16Z"}]},{"id":67815,"entity_id":"wefunder:comment:67815","question":"Hey guys, an update or news report or some communication would be encouraging...","author_name":"Thomas T Simmons","votes":1,"created_at":"2019-11-03T02:23:35Z","canonical_url":"https://wefunder.com/drifterspirits#question-67815","answers":[{"id":67895,"entity_id":"wefunder:comment:67895","answer":"Hi Thomas! \u0026nbsp;There should be a general report from last week. \u0026nbsp;We will be posting a more official q3 report later after numbers are complete with our accountants.","author_name":"Nathan Whitehouse","votes":1,"created_at":"2019-11-04T19:36:05Z"}]},{"id":53668,"entity_id":"wefunder:comment:53668","question":"i have not receive a check can you guys look in to it for me, i have never heard from these people about tax-update not a thing!! thank","author_name":"Stanley. Evans","votes":1,"created_at":"2019-05-24T18:41:05Z","canonical_url":"https://wefunder.com/drifterspirits#question-53668","answers":[{"id":53778,"entity_id":"wefunder:comment:53778","answer":"OK we will check into it again but there should have been an update from Wefunder the other day. \u0026nbsp;","author_name":"Nathan Whitehouse","votes":0,"created_at":"2019-05-25T16:12:35Z"}]},{"id":53538,"entity_id":"wefunder:comment:53538","question":"Leyla Callhan. As of May 22, I have not received my check.","author_name":"Eric Flodine","votes":1,"created_at":"2019-05-22T15:11:19Z","canonical_url":"https://wefunder.com/drifterspirits#question-53538","answers":[{"id":53606,"entity_id":"wefunder:comment:53606","answer":"Hi Eric, thanks for emailing us to get this resolved.","author_name":"Katie Holman O'Neill","votes":0,"created_at":"2019-05-23T18:28:23Z"}]},{"id":51668,"entity_id":"wefunder:comment:51668","question":"Can you please confirm if checks were mailed?","author_name":"Leyla Callahan","votes":1,"created_at":"2019-04-30T22:04:54Z","canonical_url":"https://wefunder.com/drifterspirits#question-51668","answers":[{"id":85249,"entity_id":"wefunder:comment:85249","answer":"They should have been from Wefunder, per Wefunder's post. Have they been received?","author_name":"Peter Nevenglosky","votes":0,"created_at":"2020-04-07T22:19:48Z"}]},{"id":19599,"entity_id":"wefunder:comment:19599","question":"Team Avua, can you clarify if on the timing of the profit sharing. If its scheduled to begin one year subsequent to close but closing has and continue to slip can you confirm that the funds invested so far have not been accessed and/or used? If the investment won't earn the described return until after the round has completely closed I would appreciate confirmation that my investment is not being used before the official closing.","author_name":"Jean Claude Harabagabo","votes":1,"created_at":"2018-04-08T20:39:20Z","canonical_url":"https://wefunder.com/drifterspirits#question-19599","answers":[{"id":20333,"entity_id":"wefunder:comment:20333","answer":"Hello Jean - close will happen in 6 days and all details shared at this point. Your investment will not be deployed till then thanks!","author_name":"Nathan Whitehouse","votes":0,"created_at":"2018-04-25T20:14:40Z"}]},{"id":19428,"entity_id":"wefunder:comment:19428","question":"I'm hoping you can answer the question from Barnaby below. As an investor I can choose to be optimistic and think that you are doing so well that expanding beyond 100K is not as important any more (and maybe you don't want to have the higher payback number), or that there are problems that are taking up so much of your time that you haven't gotten to it. Could you also share an update about expansion into new markets and what preliminary Q1 2018 numbers look like (or just Jan and Feb if that is easier)? I may invest more depending on all of this. Thanks, Alan.","author_name":"Alan Jacobson","votes":1,"created_at":"2018-04-05T10:39:33Z","canonical_url":"https://wefunder.com/drifterspirits#question-19428","answers":[{"id":20334,"entity_id":"wefunder:comment:20334","answer":"Hi Allen - we have increased the raise to $500k which was pending our financial audit which took more time than expected. It has been added to our profile and can be viewed now. We are up 50% vs YAGO through April and midwest expansion is going quite well. More detail will be shared in the coming days we have 6 days left until close.","author_name":"Nathan Whitehouse","votes":0,"created_at":"2018-04-25T20:16:17Z"}]},{"id":212567,"entity_id":"wefunder:comment:212567","question":"This weekend I was at Allegretto in Paso Robles, CA. The bar had a bottle of Avua Cachaca Amburana. As an investor I was glad to find this. So I asked them to use it to make me a caipirinha. I finished the bottle.","author_name":"Eric Flodine","votes":0,"created_at":"2022-07-25T02:31:25Z","canonical_url":"https://wefunder.com/drifterspirits#question-212567","answers":[]},{"id":134274,"entity_id":"wefunder:comment:134274","question":"Will any tax forms be provided for 2020? Can ypu confirm only profit sharing for 2020 was Q1?","author_name":"Christopher Keuker","votes":0,"created_at":"2021-03-10T17:38:24Z","canonical_url":"https://wefunder.com/drifterspirits#question-134274","answers":[]},{"id":103839,"entity_id":"wefunder:comment:103839","question":"Is there another deferral on loan payments? I haven't got a payment.","author_name":"Michael Rains","votes":0,"created_at":"2020-08-26T10:51:55Z","canonical_url":"https://wefunder.com/drifterspirits#question-103839","answers":[{"id":103885,"entity_id":"wefunder:comment:103885","answer":"Hi Michael. \u0026nbsp;Q2 has been paid to Wefunder, so I would follow up with them (we are happy to nudge them) if you have not received a payment. \u0026nbsp;The Q1 payment\u0026nbsp;should be made here in the next week which should be distributable by Wefunder afterwards.","author_name":"Peter Nevenglosky","votes":0,"created_at":"2020-08-26T16:28:02Z"}]},{"id":98735,"entity_id":"wefunder:comment:98735","question":"Hi do you have a sample flight","author_name":"Quinton Thomas","votes":0,"created_at":"2020-07-22T16:23:47Z","canonical_url":"https://wefunder.com/drifterspirits#question-98735","answers":[{"id":98741,"entity_id":"wefunder:comment:98741","answer":"Hi Quinton, can you clarify what you mean by a sample flight?","author_name":"Nathan Whitehouse","votes":0,"created_at":"2020-07-22T16:34:01Z"}]},{"id":94435,"entity_id":"wefunder:comment:94435","question":"What is your social media strategy?","author_name":"AJ Cartas","votes":0,"created_at":"2020-06-20T04:49:55Z","canonical_url":"https://wefunder.com/drifterspirits#question-94435","answers":[]},{"id":93080,"entity_id":"wefunder:comment:93080","question":"Can I get your email, I don't want to ask too many questions in here, please?","author_name":"Wedzer Chery","votes":0,"created_at":"2020-06-11T17:33:12Z","canonical_url":"https://wefunder.com/drifterspirits#question-93080","answers":[{"id":93083,"entity_id":"wefunder:comment:93083","answer":"Hi Wedzer:\u0026nbsp; Sure, please e-mail me at nate@drifterspirits.com​","author_name":"Peter Nevenglosky","votes":0,"created_at":"2020-06-11T17:48:32Z"}]},{"id":92726,"entity_id":"wefunder:comment:92726","question":"What are the economics of this business? What's your break-even point?","author_name":"Andrei Vorobiev","votes":0,"created_at":"2020-06-08T02:05:10Z","canonical_url":"https://wefunder.com/drifterspirits#question-92726","answers":[{"id":92748,"entity_id":"wefunder:comment:92748","answer":"Hi Andrei.\u0026nbsp;\u0026nbsp;By economics, we basically operate at a 55% gross margin for our core owned brands and a 30% margin for brands where we have an agency relationship, i.e. sell goods through our network.\u0026nbsp; Break-even point is essentially, at our pre-COVID sales force\u0026nbsp;expense levels, at approximately $1.7mm in sales.\u0026nbsp; We estimate we will be profitable by 2021.\u0026nbsp; Let me know if that answers your questions or if you were looking for some other information.","author_name":"Nathan Whitehouse","votes":0,"created_at":"2020-06-08T14:48:03Z"}]},{"id":92331,"entity_id":"wefunder:comment:92331","question":"Is this equity or stock? How long do we have to wait to get a return on our investment? Will have the voting power?","author_name":"Wedzer Chery","votes":0,"created_at":"2020-06-04T04:31:53Z","canonical_url":"https://wefunder.com/drifterspirits#question-92331","answers":[{"id":92401,"entity_id":"wefunder:comment:92401","answer":"Hi Wedzer. \u0026nbsp;This is debt convertible into shares. \u0026nbsp;While we cannot guarantee when returns will occur, we estimate 2 years on the outside is when we would begin to distribute dividends. \u0026nbsp;The stock that it is convertible into would have voting rights, yes. \u0026nbsp;Please let me know if I can clarify further.","author_name":"Nathan Whitehouse","votes":0,"created_at":"2020-06-04T14:02:59Z"}]},{"id":89383,"entity_id":"wefunder:comment:89383","question":"When is the closing of this Investing round?","author_name":"Craig Davis","votes":0,"created_at":"2020-05-08T03:59:59Z","canonical_url":"https://wefunder.com/drifterspirits#question-89383","answers":[{"id":89436,"entity_id":"wefunder:comment:89436","answer":"Hi Craig. \u0026nbsp;This round is expected to close on July 31, 2020. \u0026nbsp;Cheers, Nate","author_name":"Nathan Whitehouse","votes":0,"created_at":"2020-05-08T14:45:28Z"}]}],"faq":[{"question":"Is the 5% on net or gross revenues? Why not an equity offering, or combination revenue share with share options? Best of luck with your venture, looks like a terrific product.","answer":"Hi Barnaby! This is on net revenue. We have elected to structure it like this for legal reasons related to the spirits industry, particularly regulations in certain states that prohibit bar owners from equity investments in brands but can lend, particularly as we have a lot of support in this community and expect interest in it. Cheers!"},{"question":"About how long would it take to pay back fully? Lets say $3,000 are invested, how many years would you pay it back with the 2x return?","answer":"Hi Leonel. While it is impossible to predict, we would estimate that this would be a 5-7 year term, but it could be earlier or later depending on business circumstances and strategic changes in the business such as alignment with an acquiror."},{"question":"Fantastic product with a high global footprint and consistent YoY returns. Since you mentioned it's the 3rd most consumed liquor ex-US, do you plan on making a larger push within the U.S. market (especially with the growing Brazilian tourism, business, real estate into the U.S...","answer":"We would expect to have the major focus for the moment on the US market as that is currently approximately 95 percent of our business and there remains large opportunity for growth. However, we are increasingly putting in place resources in the EU market to test how achievable that volume is and have an awareness advantage against future potential competitors as the category continues to premiumize. The largest barrier to growth in the US is consumer awareness and trial for the category and t..."},{"question":"What was net revenue on your 2016 sales of $889K? Thanks.","answer":"Total gross profit in 2016 was $501,537.97. Cheers, Nate"},{"question":"I see that your blended gross margin is about 55%, but what is the operating margin? also when will be the first quarter you will be paying investors?","answer":"Operating margin was at a loss in 2016; however the relative cost per $ of revenue was approximately 1.03. We would likely be paying investors for Q4 2017"}]}}}