Question: On October 7 , 2 0 2 0 , Bespoken Spirits publicly announced it had received $ 2 . 6 million of seed funding for
On October Bespoken Spirits publicly announced it had received $ million of seed funding for its sustainable maturation process, a process that could produce awardwinning whiskeys in just days rather than years using a novel technology and data science. The technology dramatically reduced the time, cost, and environmental impact it required less energy and less wood of making whiskey. At the same time, the technology could also be used to enhance a whiskeys taste profile which could allow producers to charge more for their products. To date, entrepreneurs Stu Aaron and Martin Janousek had proven they could produce whiskey at scale and with desired properties. Having validated the concept, they now had to decide whether to continue making whiskey themselves or use their technology to process it for others. In short, they had to decide whether to be a productbased, BC company or a servicebased, BB company, or both? If they decided to be a service business, should they emphasis the MaturationasaService MaaS faster and lower cost production or the CustomizationasaService CaaS creation of customized products with unique taste profiles business in the short term?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
