{"data":{"type":"company_profile","id":82527,"entity_id":"wefunder:company:82527","attributes":{"canonical_url":"https://wefunder.com/investinhanamakgeolli","generated_at":"2026-06-12T03:42:30Z","updated_at":"2026-06-11T05:00:27Z","entity_ids":{"company":"wefunder:company:82527","slug":"wefunder:company_slug:investinhanamakgeolli"},"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":"2026-06-12T03:42:30Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-11T05:00:27Z","as_of":"2026-06-12T03:42:30Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-11T05:00:27Z","as_of":"2026-06-12T03:42:30Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-12T03:42:30Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-12T03:42:30Z","confidence":"medium"}}},"company":{"id":82527,"entity_id":"wefunder:company:82527","slug":"investinhanamakgeolli","name":"Hana Makgeolli","tagline":"Artisanal Korean Rice Wines Made in Brooklyn","elevator_pitch":"Hana Makgeolli is the first artisanal Korean rice wine brewery in the US. Our aim is to show the breadth and depth of the Korean rice wine category by producing the highest quality wines using traditional Korean brewing methodologies, modern brewing technology and only the highest quality, natural ingredients.","story":"From Passion Project to the Next Big Thing in Natural WineHana Makgeolli started as a passion project in 2015 by founder and brewer Alice Jun. Through years of sharing her home brews at popups and events all over New York City, Alice realized the potential of her traditionally and naturally made brews. Alice met business partner John Limb in 2017 and they set their sights on building the first artisanal Korean rice wine brewery in the US.Fast forward to 2020, Hana Makgeolli was able to complete construction of its 2500 sq. ft brewery and taproom in Greenpoint, Brooklyn and began production amidst a pandemic - completely selling out their first two releases after their September launch. Hana Makgeolli quickly became recognized as a force not only in the Korean alcohol space but also in the world of natural wines due to their use of high quality, organic ingredients, a wild fermentation starter and traditional brewing methodologies.First and Only Domestic Artisanal Korean Rice Wine - Made in BrooklynAuthentic Korean rice wines have an incredible complexity unlike any beverage but were simply not accessible in the US before Hana Makgeolli. Our brewing philosophy steers away from the methods used by imported conventional makgeollis and instead puts quality and authenticity at the forefront. We do not sweeten, dilute, or add stabilizers or flavorings of any kind and all processes are designed to mimic the handmade methods used by the best Korean brewers. The result is a core product line consisting of the TAKJU 16, HWAJU 12, and YAKJU 14, showcasing the breadth and depth of the “sool” (Korean alcohol) category. Our vision\u0026nbsp;is to be the leader in artisanal Korean rice wines in the US market. Our brewery is equipped with enough capacity to produce up to 300 cases per month and we are currently operating at 60% capacity. Due to high demand we anticipate ramping up to 100% capacity by year-end 2021 and will likely need to add on more tanks in year 2.\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;\u0026nbsp;Facility Capabilities\u0026nbsp;Hana Makgeolli’s business model consists of 6 revenue channels: wholesale on-premise, wholesale off-premise, direct to consumer (DTC), tasting room, subscription club, and events. Because we launched during the pandemic, our primary focus has been on wholesale off-premise and direct to consumer sales. As we put Covid-19 behind us, we hope to be able to safely open the taproom by the late summer of 2021, hold events, and reignite our wholesale on-premise (restaurants and bars) sales.Our products are priced and positioned in higher end retail stores, restaurants and bars and marketed at the intersection of natural wine, craft beer and premium sakes. Although our most direct competitors are more conventional styles of makgeolli that are imported from Korea, there are no truly comparable products available in the US market today. Extraordinary Demand and ExcitementIn the six months since our launch, we have sold every bottle we made - generating just over $80K in gross revenues without the benefit of our other three revenue channels. The incredible reception and unexpected demand were all generated through word of mouth and grassroots/social media marketing. Our success is in part attributable to the brand that we have developed for nearly 5 years prior to our launch. Since day one, Hana Makgeolli has represented authentic and high quality sool and has prioritized educating consumers on what makgeolli should or could be. Our logo is emblematic of the strong and warm characteristics of our wine and also pays homage to the generations of women that took huge steps to innovate and advance Korean brewing practices. The combination of our story and our wines has created brand equity that translates to high product turnover for all of our retailers. To meet this enthusiasm, we have accelerated our move to traditional distribution, in alignment with natural wine and premium sake, to increase our exposure and reach. Along with larger scale distribution, we intend to continue strengthening our DTC sales. Hana Makgeolli is currently available for shipping to 39 states nationwide which comprises 45% of DTC sales. We plan to diversify our DTC sales by improving our local, on demand delivery offering and opening up our taproom by the late Summer/Fall of 2021. Join Our JourneyHana Makgeolli has proven market traction with a product portfolio that both excites and educates customers on the breadth and depth of traditional Korean rice wines. We have already raised $550K out of our $750K goal through private investors and are looking to raise the final $200K with your help! Join our journey in establishing the Korean sool category in the US!Fighting!\u0026nbsp;","location":"New York, NY","website":"https://www.hanamakgeolli.com","total_amount_raised":212571,"total_investors":177,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/investinhanamakgeolli","https://www.hanamakgeolli.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/82527/xxl_cropped_Screen_Shot_2021-05-07_at_4.52.07_PM.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/82527/large_cropped_HM_Logo_1.PNG","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/82527/standard_cropped_Screen_Shot_2021-05-07_at_4.52.07_PM.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/82527/standard_cropped_Screen_Shot_2021-05-07_at_4.52.07_PM.jpg","profile_video_url":"https://wefunder.wistia.com/medias/ai0ow82pps"},"links":{"company_url":"https://www.hanamakgeolli.com","facebook_url":"https://www.facebook.com/hanamakgeollinyc","instagram_url":"http://inshttp://instagram.com/hanamakgeolli"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"The country's first and only brewery specializing in artisanal Korean rice wines"},{"index":2,"claim_id":"claim-fact-2","value":"Female founder and head brewer"},{"index":3,"claim_id":"claim-fact-3","value":"Already raised $550K out of a $750K seed round goal"},{"index":4,"claim_id":"claim-fact-4","value":"Extremely strong demand and sales across channels since September 2020 launch"},{"index":5,"claim_id":"claim-fact-5","value":"Every bottle made has been sold, generating $80K in our first 6 months operating at 60% capacity"},{"index":6,"claim_id":"claim-fact-6","value":"High growth potential with untapped tasting room sales and larger scale production and distribution"},{"index":7,"claim_id":"claim-fact-7","value":"Core portfolio of 3 wines, all made with the highest quality organic rice and authentic Korean fermentation starter"}],"team":[{"id":1571780,"entity_id":"wefunder:company_role:1571780","user_entity_id":"wefunder:user:1393633","role":"founder","name":"Alice Jun","title":"Founder \u0026 Brewer ","bio":"Bootlegger, hustler, dreamer and first female brewer and founder to make artisanal Korean rice wines in the US. Former Senior Consultant at Deloitte. NYU Stern School of Business","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1571780/square_cropped_HANA_MAKGEOLLI_2020.08_0106.jpg?1619898311","profile_url":"https://wefunder.com/alicejun","personal_url":"http://hanamakgeolli.com","related_urls":["https://wefunder.com/alicejun","http://hanamakgeolli.com"]},{"id":1571208,"entity_id":"wefunder:company_role:1571208","user_entity_id":"wefunder:user:1393246","role":"employee","name":"John Limb","title":"LLC Managing Member","bio":"#1 advocate, believer, protector, and champion of Hana Makgeolli. Former Assistant General Counsel at AIG. Cornell University, Boston University School of Law","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1571208/square_cropped_HANA_MAKGEOLLI_2020.08_0070.jpg?1619898311","profile_url":"https://wefunder.com/johnlimb","related_urls":["https://wefunder.com/johnlimb"]}],"featured_investors":[{"id":5401,"entity_id":"wefunder:company_investor_profile:5401","investor_profile_id":973737,"investor_profile_entity_id":"wefunder:investor_profile:973737","subject_entity_id":"wefunder:user:1445796","name":"Jonathan Kim","bio":"Jonathan Kim | Consumer and Technology Investor","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1445796/medium_blob.jpg","profile_url":"https://wefunder.com/jonathankim2","investment_total":25000,"investment_info":"Invested $25,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/jonathankim2"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":20,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":50591,"entity_id":"wefunder:fundraise:50591","state":"successful","offering_type":"506(c)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2021-08-20T04:17:15Z","funding_closed_at":"2021-08-20T04:17:15Z"},{"id":43897,"entity_id":"wefunder:fundraise:43897","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":51000.0,"funding_started_at":"2021-06-23T01:05:42Z","funding_closed_at":"2021-08-01T05:03:16Z","auto_close_at":"2021-08-01T03:59:59Z"},{"id":43898,"entity_id":"wefunder:fundraise:43898","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":200000.0,"funding_started_at":"2021-05-02T16:33:42Z"}],"latest_fundraise":{"id":50591,"entity_id":"wefunder:fundraise:50591","state":"successful","offering_type":"506(c)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-08-20T04:17:15Z","funding_closed_at":"2021-08-20T04:17:15Z","terms":{"eb":null,"nb":"$3M","txt":"pre-money valuation"}},"recent_posts":[],"q_and_a":[{"id":197674,"entity_id":"wefunder:comment:197674","question":"Will you still be providing updates/answer questions now that your fundraising round has closed? Haven't seen any activity since the round closed last August but I'd love to follow the progress of the company, and my investment.","author_name":"Cristian Nicolaescu","votes":1,"created_at":"2022-03-23T17:26:32Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-197674","answers":[]},{"id":154021,"entity_id":"wefunder:comment:154021","question":"Hi - I love the idea of this product! Your timing is also great considering the \"Korean wave\" that's sweeping the US and the globe with everything from K-pop to Korean movies and Korean cuisine. I just ordered a couple bottles and can't wait to try them. I do have a few questions. 1) I know you said your immediate focus is to open the tap room, which I understand. But what are your plans for a national marketing strategy (social media, google ads, etc)? The tap room in the end may only drive local sales. I recommend you check out Gary Vee's Youtube channel and learn how he used video content to grow his wine business online. Thoughts? 2) You stated below your revenue goal for year 5 is $2mm, which seems low. I understand this is not a software company, but are you setting your goals too low? At $2mm revenue you may be valued at $10mm (on the high end), which is only ~3x return from today. Honestly, I can get similar returns in the public markets with much lower risk. Are you purposely being conservative? Perhaps too conservative? 3) How did Alice get into brewing? How did she learn? And more importantly, why did she learn?","author_name":"Jeff Park","votes":1,"created_at":"2021-06-17T23:40:06Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-154021","answers":[{"id":155229,"entity_id":"wefunder:comment:155229","answer":"Hey Jeff, thank you for your questions! Please see our response to all below. Will reply to your follow up questions separately! 1) Our plans for a national marketing strategy will continue to revolve around a grass roots, social media and traditional media driven strategy and word of mouth. We have not spent any money on content creation or advertising outside of the labor cost of our small team. At our scale of production, this approach has been a very effective way to communicate updates about new releases, events, and generally educating customers and our audience is growing every day. As we move forward with expansion on both capacity and distribution we will shift to more event based marketing, collaborations with accounts and buyers, and will likely do some advertising. 2) We do err on the conservative side with respect to our financial forecasts, because we have to factor in the inherent risk of operating in an entirely new space in the market, as Korean sool is still in the process of being established in the US marketplace. 3) Alice started homebrewing with her father in her youth. She learned from her father but also received formal training in Seoul. Alice has a true passion for all things fermented and learning how to make makgeolli was the natural result of her creative instincts and appreciation for high quality and well made products.","author_name":"Alice Jun","votes":0,"created_at":"2021-06-29T16:28:31Z"}]},{"id":234988,"entity_id":"wefunder:comment:234988","question":"Can you look into my account? I signed up for the early investor gift, but I never received mine. There are three separate dates for when my funding reached your project on the Wefunder website but the date on the contract lists funding date as June 23, 2021. The biggest issue for me was the delay in receiving tax forms. I had already filed my taxes when I was informed to hold off on filing them last year. Then I was provided with the forms a good 6 months after the deadline. Can you please provide the appropriate tax forms before April? Thank you!","author_name":"Kwon Yang","votes":0,"created_at":"2023-02-16T00:14:15Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-234988","answers":[{"id":235311,"entity_id":"wefunder:comment:235311","answer":"Hey Kwon - thanks for reaching out. Sorry for the confusion - the investor merchandise perks were limited to our Early Bird investors. I confirmed that your investment was not part of the early bird campaign. We apologize if this wasn't made clearer on our campaign. Regarding 2022 tax forms, our accountants have advised that they are working to have them ready before the March 15 partnership filing deadline, so we are planning to distribute K-1's to our Wefunder investors before the April 18th individual filing deadline. Thanks, and we appreciate your support!","author_name":"John Limb","votes":0,"created_at":"2023-02-17T19:25:16Z"}]},{"id":223273,"entity_id":"wefunder:comment:223273","question":"When will the investor rewards go out? Such as the coasters and such?","author_name":"Justin M","votes":0,"created_at":"2022-10-21T16:12:00Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-223273","answers":[{"id":223552,"entity_id":"wefunder:comment:223552","answer":"Hey Justin - thanks for reaching out. Sorry for the confusion - the investor merchandise perks were limited to our Early Bird investors. We apologize if this wasn't made clearer on our campaign. We appreciate your support - if you're ever able to stop by our tasting room in Greenpoint please give us the heads up and we'll be sure to look out for you! Thanks - HANA","author_name":"John Limb","votes":0,"created_at":"2022-10-24T18:25:34Z"}]},{"id":205936,"entity_id":"wefunder:comment:205936","question":"Hello Ms. Jun I am wondering where everything is at in this point of your campaign?, can you please update us all investors on the progress Please thank you.","author_name":"Samuel Gracia","votes":0,"created_at":"2022-05-22T07:06:43Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-205936","answers":[]},{"id":203788,"entity_id":"wefunder:comment:203788","question":"Please provide an update to those that invested via the Wefunder platform.","author_name":"Matthew Phillips","votes":0,"created_at":"2022-05-02T00:54:18Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-203788","answers":[]},{"id":165192,"entity_id":"wefunder:comment:165192","question":"What was your prevalue $$ ??","author_name":"Stephen Chase","votes":0,"created_at":"2021-08-23T18:46:21Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-165192","answers":[]},{"id":165191,"entity_id":"wefunder:comment:165191","question":"What was your prevalue $$ mm","author_name":"Stephen Chase","votes":0,"created_at":"2021-08-23T18:45:49Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-165191","answers":[]},{"id":164462,"entity_id":"wefunder:comment:164462","question":"Will you be having another fund raiser? I’m definitely would like to invest again. I see I invested with 2 different sign ins and one is atrocious Lan needs to proof read!!! 🤣 ㅋㅋㅋㅋ I believe in you and want to support the growth of Korean culture here in the USA. My mom is native Korean and I’m very proud to see our heritage shared with open minded people.","author_name":"Lan M. Page","votes":0,"created_at":"2021-08-19T18:11:32Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-164462","answers":[]},{"id":156692,"entity_id":"wefunder:comment:156692","question":"Thanks Alice for your response — I sent a follow up to contact@hana— email. Would much appreciate it if we could continue our conversation there!","author_name":"Brian Dong Yoon Kim","votes":0,"created_at":"2021-07-07T18:02:40Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-156692","answers":[]},{"id":155221,"entity_id":"wefunder:comment:155221","question":"Hi Alice - As you know i'm extremely excited i'm able to participate in in Hana Makegolli - im curious what the distribution structure looks like? Once Hana Makgeolli reaches profitability are there planned distributions? Will all net profits be going back to investors until recoupment (as is typical in restaurant/bar financing?) Or is there a different structure? i didn't see this outlined anywhere - and am hopeful you can provide some commentary or point me to where this is articulated. Thanks again! love the vision and the product and am excited to watch it grow!","author_name":"James Max Dowaliby","votes":0,"created_at":"2021-06-29T15:36:43Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-155221","answers":[{"id":155227,"entity_id":"wefunder:comment:155227","answer":"Hi James, thank you for your question and enthusiasm for Hana Makgeolli! As this was a priced round for equity it is not your typical profit sharing/recoup structure for restaurants/bars like you mentioned. At a high level, for any profits, the controlling members, John Limb and myself, will have the decision power to reinvest into the business or issue distributions. Tax Distribution will be in place for any profits made, all distributions will be pari passu, meaning any payouts will be made out to all members based on their equity share and distributions if any will occur on an annual basis. You can find more information on our operating agreement provided during the closing process!","author_name":"Alice Jun","votes":0,"created_at":"2021-06-29T16:20:33Z"}]},{"id":155012,"entity_id":"wefunder:comment:155012","question":"Hey Alice -- I made an investment reservation during the pre-priced round on May 7th; I was looking through the subscription agreement draft from Wefunder and it mentions the valuation @ $3M. I had understood that pledges made during pre-priced round w/ $2.5M will receive docs with that valuation as well as early bird perks if the investment exceeded certain threshold. I'm having trouble finding the info and was hoping you'd be able to help me with this!","author_name":"Brian Dong Yoon Kim","votes":0,"created_at":"2021-06-28T08:22:43Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-155012","answers":[{"id":155233,"entity_id":"wefunder:comment:155233","answer":"Hey Brian, thank you for your question and all the support! We are sorry to hear that you did not receive the early bird terms. How WeFunder works is all commitments made prior to the filing of our Form C with the SEC (we filed 6/22) are considered 'reservations' to the round. Once the Form C is filed then those investors who made reservations are notified to confirm their commitments. The early bird terms are given out to those confirmed investors on a rolling basis until the cap is reached. If I am seeing correctly on our back end you confirmed on the 23rd just after the cap was reached and as a result did not receive the term sheet with the discounted valuation. You will still absolutely be eligible for the early bird perks! Please let us know if you have any other questions or if there is anything we can help you with!","author_name":"Alice Jun","votes":0,"created_at":"2021-06-29T16:50:40Z"}]},{"id":154025,"entity_id":"wefunder:comment:154025","question":"Follow up question: How are the roles split between Alice and John? It's not clear from the Wefunder page. Who is the CEO? John's title of Managing Member is a bit odd, although I understand from a legal LLC structure that may make sense. Who has final say on strategy, financials, hiring, etc?","author_name":"Jeff Park","votes":0,"created_at":"2021-06-18T00:28:35Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-154025","answers":[{"id":155231,"entity_id":"wefunder:comment:155231","answer":"Continuing our response to you questions here Jeff! I am the founder, head brewer and function as our CEO. I handle all matters related to production, sales, marketing, and finance. John functions as our COO/CLO and is charge of matters related to legal, regulatory, finance, investor relations and legal. The reality is though, as a small startup, John and I both regularly consult one another on almost all matters pertaining to the brewery and so we do not have traditional C Suite designations, and we are both equally responsible for strategy, administration, and hiring, etc.","author_name":"Alice Jun","votes":0,"created_at":"2021-06-29T16:33:10Z"}]},{"id":152795,"entity_id":"wefunder:comment:152795","question":"Will you be providing any financials?","author_name":"Stefaan Vandendriessche","votes":0,"created_at":"2021-06-05T04:50:33Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-152795","answers":[{"id":153906,"entity_id":"wefunder:comment:153906","answer":"Hey Stefaan! Yes we will, we are filing our Reg CF Form C with the SEC now and they will be made available with the filing","author_name":"Alice Jun","votes":0,"created_at":"2021-06-16T22:03:39Z"}]},{"id":152550,"entity_id":"wefunder:comment:152550","question":"Daniel Edwards makes a great point about focusing on brick and mortar or online distro at first. if you decide to do a brick and mortar option, what are your thoughts on partnering with a local restaurant/eatery that makes food to complement your wine product. From experience, when folks drink, they also love to \"snack\" so i could see something like this working well. Love your energy and passion; can't wait until it makes it down to Florida.","author_name":"Nicolle Buttino","votes":0,"created_at":"2021-06-03T23:51:44Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-152550","answers":[{"id":153905,"entity_id":"wefunder:comment:153905","answer":"Hey Nicolle! Agreed and we can't wait to start focusing more on our local, in-person presence with the opening of our taproom and definitely plan to do a lot of events in partnership with our accounts!","author_name":"Alice Jun","votes":0,"created_at":"2021-06-16T22:03:04Z"}]},{"id":152457,"entity_id":"wefunder:comment:152457","question":"I love the idea of this - I agree completely, makgeolli is delicious, and there really isn't any craft makgeolli happening in the US, which is a shame! (I discovered makgeolli at a Korean restaurant in Seattle a few years ago that prided itself on being the only restaurant in the US making its own makgeolli, which was delicious... and they already went out of business, pre-covid. I agree completely, mainstream mass-bottled versions are just not the same!) Anyway, I had a few questions: 1. If I invest 1k, will you be able to ship the two bottles to California? 2. On a related note, how long do you imagine it will take before you can start distributing in California, specifically southern California? I'm always more excited to be able to invest in companies whose products I'll be able to purchase! I'd especially love to see this in Korean restaurants locally! (Though I'd also love to see it in local craft liquor stores, as well.) 3. Most importantly, what sort of company are you? More specifically than that, are you required to send us K1s? (I'm always nervous investing in any company outside of California that will send a K1, introduces a lot of additional tax complexity.) Thanks!","author_name":"Adam Field","votes":0,"created_at":"2021-06-03T19:03:23Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-152457","answers":[{"id":153904,"entity_id":"wefunder:comment:153904","answer":"Hey Adam! Thanks for the questions! 1. Yes we will, we are waiting on approval from the CA ABC for our direct shipppers permit any day now. 2. We are already distributed in CA through Sylvester Rovine Selections but we plan to grow our presence there once we increase capacity. 3. We are an LLC and issue K1s but for our Wefunder investors the distributions are managed by WeFunder","author_name":"Alice Jun","votes":0,"created_at":"2021-06-16T22:02:05Z"}]},{"id":152272,"entity_id":"wefunder:comment:152272","question":"Hi Alice, what valuation was given to the private investors?","author_name":"Rob Lauria","votes":0,"created_at":"2021-06-02T20:59:57Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-152272","answers":[{"id":152428,"entity_id":"wefunder:comment:152428","answer":"Hey Rob, private investors were brought on at the same valuation as the current round!","author_name":"Alice Jun","votes":0,"created_at":"2021-06-03T16:10:30Z"}]},{"id":150928,"entity_id":"wefunder:comment:150928","question":"Hi Alice and John, what would be the next big milestone(s) for HANA after successfully completing this investment round?","author_name":"Niklas Schroeder","votes":0,"created_at":"2021-05-26T04:47:53Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-150928","answers":[{"id":151050,"entity_id":"wefunder:comment:151050","answer":"Hi Niklas! Our top priorities for HANA once this round is complete are opening up our taproom and by the glass sales, adding on capacity by 1.5-2X on production, and expanding our allocation in target states like CA, IL, MD, WA, etc!","author_name":"Alice Jun","votes":0,"created_at":"2021-05-26T19:11:45Z"}]},{"id":150744,"entity_id":"wefunder:comment:150744","question":"Hello, which Korean or Asian rice wine in the US are your direct competitors?","author_name":"Julien King","votes":0,"created_at":"2021-05-25T16:48:15Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-150744","answers":[{"id":150846,"entity_id":"wefunder:comment:150846","answer":"Hey Julien, our most direct competitors are imported makgeolli brands in the U.S. today. When it comes to artisanal or premium Korean rice wines that are made domestically there is currently no direct competition.","author_name":"Alice Jun","votes":1,"created_at":"2021-05-25T20:34:31Z"}]},{"id":149881,"entity_id":"wefunder:comment:149881","question":"Hello. What are your revenue goals for the next 5 years?","author_name":"Leonardo Lee","votes":0,"created_at":"2021-05-20T23:18:09Z","canonical_url":"https://wefunder.com/investinhanamakgeolli#question-149881","answers":[{"id":151051,"entity_id":"wefunder:comment:151051","answer":"Hi Leonardo! At a high level our revenue goals are $1M by Y3 and $2M by Y5","author_name":"Alice Jun","votes":0,"created_at":"2021-05-26T19:13:34Z"}]}],"faq":[{"question":"Hello. What are your revenue goals for the next 5 years?","answer":"Hi Leonardo! At a high level our revenue goals are $1M by Y3 and $2M by Y5"},{"question":"Hello, which Korean or Asian rice wine in the US are your direct competitors?","answer":"Hey Julien, our most direct competitors are imported makgeolli brands in the U.S. today. When it comes to artisanal or premium Korean rice wines that are made domestically there is currently no direct competition."},{"question":"Hi Alice and John, what would be the next big milestone(s) for HANA after successfully completing this investment round?","answer":"Hi Niklas! Our top priorities for HANA once this round is complete are opening up our taproom and by the glass sales, adding on capacity by 1.5-2X on production, and expanding our allocation in target states like CA, IL, MD, WA, etc!"},{"question":"Hi Alice, what valuation was given to the private investors?","answer":"Hey Rob, private investors were brought on at the same valuation as the current round!"},{"question":"I love the idea of this - I agree completely, makgeolli is delicious, and there really isn't any craft makgeolli happening in the US, which is a shame! (I discovered makgeolli at a Korean restaurant in Seattle a few years ago that prided itself on being the only restaurant in ...","answer":"Hey Adam! Thanks for the questions! 1. Yes we will, we are waiting on approval from the CA ABC for our direct shipppers permit any day now. 2. We are already distributed in CA through Sylvester Rovine Selections but we plan to grow our presence there once we increase capacity. 3. We are an LLC and issue K1s but for our Wefunder investors the distributions are managed by WeFunder"}]}}}