Narragansett Priorities

1
(No Transcript)
2
Narragansett Beer Funding Overview

• 18 month negotiation with Pabst to purchase
  Narragansett Beer
• Nearly one year to raise 2.0M Series A round
  2005
• Three months to raise 1.5M Series B round in
  2006
• In process of raising non-dilutive financing

3
Lessons Validated and Learned

• Clearly articulated business plan is a requisite
• Executive summary
• Constantly seek professional feedback
• You are selling yourself as much as your idea
• There are people who really want to help
• You need a deal champion
• Investors follow the herd
• A champion will build and drive your network
• Clearly outline the exit strategy and investment
  return

4
QA