Geostartup’s Business Proposition

Jordan Thomas started, 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. 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

Published Thursday, May 1st, 2008

Written by Adena Schutzberg

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