Yeah. So, I founded two companies and sold both of them, and now I'm working on a third company, which is a FinTech platform for investing in wine. After I sold my first company, I got a financial advisor and started investing in all the sort of vanilla stuff, right? Your stocks, your bonds, a little bit of real estate exposure. But at the time, I was 22 years old. I thought “this is super boring, I don't want to invest like that for the rest of my life”. So I started looking into alternatives and got really hooked into both crypto and startup investing. Now I angel invest a pretty small part of my investible assets, like 5% to 10%. And then crypto has grown into a pretty large part of my holdings because I just worked in the industry for the last three and a half years.
It was through crypto that I started to learn more about other interesting asset classes. I remember just Googling, "what are the ultra wealthy investing in these days?" And you had art, fine jewelry, classic cars, and wine. Wine has always been my passion, so I thought that was super cool, I'd love to be able to try to invest in wine, but I realized that it was a lot harder than it looks because A) a lot of these wineries are super exclusive, and even if you have the money, you can't get access to them. And B) the whole storage component, logistics, etc. You know, most people can't just dedicate a whole room to shipping and storing wine, and I couldn't either. So, that's why I started Vinovest, and that's why I started investing in wine.
The reason I invest in wine is because it's really stable. It has about a third of the volatility of global equities, and it's actually outperformed global equities over the past 30 years. So it's something that not only can get you strong returns, but strong risk-adjusted returns. It's a physical asset. It can't really be reproduced. You can't go back in time to the year 2015 and produce more of a particular wine, even though a lot of people love it. It's one of those assets that are always decreasing in supply and increasing in demand because people love to drink older wine rather than younger wines. So for those reasons, I felt like wine had really strong fundamentals and also complemented my pretty large exposure into crypto, which is on the other side of the spectrum, super, super volatile.