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Wednesday, April 30, 2008

Geostartup WineMap.org’s Business Proposition

Jordan Thomas started WineMap.org, an Internet business that matches grape growers with buyers. This week he pitched it to potential investors. Here’s his status:

Thomas and his partners already have put $400,000 of their own money into the two-year-old business. They’re looking for another $700,000 to take it to the next level, Thomas said.

WineMap.org has the potential to revolutionize the $3 billion annual winegrape market, he said. It allows growers to show their vineyard locations online and offer their grapes for sale.

Growers will pay WineMap $1,200 per year, less than half of what it would cost to sell through a broker, Thomas said.

So far, about 1,500 growers are using the Web service, representing 3,000 vineyards in California and Oregon.

- press democrat

by Adena Schutzberg on 04/30 at 10:54 AM | Comments | Bookmark and Share

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