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The Meb Faber Show - Better Investing

Startup Series – Rob Forster, Wonderbird Spirits - Making Gin Is Truly An Art | #333

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7938 Ratings

🗓️ 26 July 2021

⏱️ 72 minutes

🧾️ Download transcript

Summary

In episode 333, we welcome our guest, Rob Forster, co-founder of Wonderbird Spirits, Mississippi's first grain-to-glass gin distillery. In today’s episode, we hear how Rob stopped practicing law and decided to open up a distillery to create two gold-medal winning gins. Rob shares what it was like to get the company off the ground and then dives into the process of distilling the alcohol from start to finish. We talk about the regulatory differences to sell directly to restaurants and sell DTC in 37 states, and why the little things like choosing what bottle to use makes a huge difference. As we wind down, we hear about Wonderbird Spirits’ current fundraising experience and what the future holds for the company. Please enjoy this episode with Wonderbird Spirits’ Robert Forster. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our products and follow us, subscribe to our mailing list or visit us at cambriainvestments.com. ----- Today's sponsor rides on two wheels: Riders Share is the Airbnb of motorcycles. On Riders Share, people and businesses list motorcycles for rent. Since launching in 2018, over 15,000 people have shared their motorcycles on Riders Share, creating the largest variety of motorcycles available for rent in the world. People who list their motorcycles for rent have a great return on investment, while people who rent on Riders Share save up to 70% compared to traditional motorcycle rentals. Riders Share finds vetted licensed customers, supplies insurance, roadside assistance and handles payments on behalf of its motorcyclists. To learn more, please visit www.riders-share.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.

0:11.0

Join us as we discuss the craft of investing and

0:13.5

uncover new and profitable ideas all to help you grow wealthier and wiser.

0:17.2

Better investing starts here.

0:18.8

Met Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:23.3

Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.

0:27.2

All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of

0:31.2

Cambria Investment Management or its affiliates.

0:33.4

For more information, visit Cambria Investments.com.

0:39.6

Welcome, podcast listeners.

0:40.9

Today we have another episode in our podcast founder series

0:44.1

where we invite kick-ass entrepreneurs to chat about their experiences from the

0:48.2

front lines of starting a company. We cover everything from newly minted

0:52.1

startups still struggling to make it out of their garage

0:54.4

all the way to the elusive unicorns that are either transforming traditional business sectors with innovative ideas

1:00.5

or creating entirely new ones through cutting edge technologies.

1:04.0

Either way, the result will be total catastrophic failure in bankruptcy,

1:08.0

or hundreds of millions of dollars of revenue,

1:10.0

and evaluation worth north of a billion dollars.

1:14.0

Listen in to hear the tales of blood sweat and tears

1:16.7

as these founders try to change the world.

1:19.2

As a disclosure reminder, I've invested in most,

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