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.