+ All Categories
Home > Business > Blue Bottle Coffee Secures Investment | Bevans Branham

Blue Bottle Coffee Secures Investment | Bevans Branham

Date post: 14-Sep-2014
Category:
View: 97 times
Download: 0 times
Share this document with a friend
Description:
In this presentation, Bevans Branham discusses how Blue Bottle Coffee grew to be the premier source of artisan coffee in the Oakland, California area. By looking into who the founder is, Branham is able to share unique insight into this fascinating new company.
Popular Tags:
17
Blue Bo’le Coffee; true ar.sanal joe
Transcript
Page 1: Blue Bottle Coffee Secures Investment | Bevans Branham

Blue  Bo'le  Coffee;  true  ar.sanal  joe  

Page 2: Blue Bottle Coffee Secures Investment | Bevans Branham

 Blue  Bo'le  Coffee  is  ushering  in  a  new  genera.on  of  coffee  

shops,  according  to  an  ar.cle  posted  recently  by  Bloomberg  

Businessweek.  

Page 3: Blue Bottle Coffee Secures Investment | Bevans Branham

The  ar.cle,  wri'en  by  Bloomberg  contributor  Joel  Stein,  describes  the  atmosphere,  menu,  and  perhaps  most  notably,  the  owner  of  Blue  

Bo'le  Coffee,  a  13-­‐store  chain  based  in  Oakland,  California.  

Page 4: Blue Bottle Coffee Secures Investment | Bevans Branham

 Stein  describes  owner  and  founder  James  Freeman  as,  “the  guy  PBS  producers  would  have  sent  in  to  calm  Mr.  Rogers  down…  Calm.  

Simple.  Exact.”  

Page 5: Blue Bottle Coffee Secures Investment | Bevans Branham

He  also  happens  to  be  running  what  Stein  describes  as  one  of  the  most  a'rac.ve  opera.ons  in  the  industry  

in  terms  of  investors;      

Page 6: Blue Bottle Coffee Secures Investment | Bevans Branham

Blue  Bo'le  has  received  funding  from  Google  Ventures,  True  

Ventures,  Instagram  co-­‐founder  Kevin  Systrom,  Twi'er  co-­‐founder  Evan  Williams,  Flickr  co-­‐founder  Caterina  Fake,  WordPress  founder  

Ma'  Mullenweg,  and  former  Google  execu.ve  Chris  Sacca.  

Page 7: Blue Bottle Coffee Secures Investment | Bevans Branham

 According  to  the  ar.cle,  in  2012  the  company  raised  nearly  $20  million  in  venture  funding,  and  another  $25  million  in  January  of  this  year.  

Page 8: Blue Bottle Coffee Secures Investment | Bevans Branham

The  Difference  is  in  the  Details  

Page 9: Blue Bottle Coffee Secures Investment | Bevans Branham

So  what  makes  the  company  so  appealing?    The  author  argues  it’s  Freeman’s  me.culous  approach.  

Page 10: Blue Bottle Coffee Secures Investment | Bevans Branham

 According  to  Stein,  Freeman  does  only  20%  of  sales  wholesale,  

compared  to  his  compe.tors’  rate  of  nearly  75%,  because  he’s  afraid  

people  in  other  shops  will  brew  his  coffee  incorrectly.  

Page 11: Blue Bottle Coffee Secures Investment | Bevans Branham

 He  sells  his  coffee  only  in  one  major  grocery  store,  California  Whole  

Foods,  where  he  is,  “trea.ng  it  like  milk,  puang  it  into  a  box  with  a  

four-­‐day  sell-­‐by  date.”  

Page 12: Blue Bottle Coffee Secures Investment | Bevans Branham

His  perfec.onist  aatude  has  led  to  a  rapid  period  of  growth  for  Blue  

Bo'le  Coffee,  which  recently  used  some  of  their  venture  funding  to  

purchase  Handsome  Coffee  Roasters,  design  new  stores  in  Los  Angeles,  and  begin  expansion  plans  

for  a  Japanese  opening.  

Page 13: Blue Bottle Coffee Secures Investment | Bevans Branham

It  also,  according  to  Stein,  hasn’t  always  been  so  kind  to  him.  

Page 14: Blue Bottle Coffee Secures Investment | Bevans Branham

 Freeman’s  wife  described  the  shop’s  owner  in  his  younger  years  in  

Humboldt  County,  telling  Stein  that,  “Everyone  listened  to  AC/DC…    James  rebelled  by  playing  the  clarinet  and  listening  to  opera.  

Page 15: Blue Bottle Coffee Secures Investment | Bevans Branham

He  got  beat  up  and  couldn’t  wait  to  leave…  When  we  started  da.ng  he’d  heard  of  the  Beatles,  but  he  never  

listened  to  the  Beatles.  

Page 16: Blue Bottle Coffee Secures Investment | Bevans Branham

James  is  a  nerd.”  

Page 17: Blue Bottle Coffee Secures Investment | Bevans Branham

Nerd  or  otherwise,  one  thing  is  for  certain:  James  Freeman  and  Blue  Bo'le  Coffee  are  on  the  rise.  


Recommended