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Sherman Mohr

πŸ‘€ Speaker
411 total appearances

Appearances Over Time

Podcast Appearances

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

They do it on Starbucks.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

They do it anywhere.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

In many cases, you can give somebody a DoorDash credit or an Uber Eats credit nowadays very easily.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

So the industry continues to evolve and it's getting less complex than it was before.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

They could go to Sherman at SharedSpirits.com or they could literally go to SharedSpirits.com and see a link or two where they can communicate with us on there as well.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

The cost, you want to mention the cost or no, go ahead.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

The cost is free.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

It's free to consumers and free to restaurant.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

Our revenue model really is surrounding ultimately the data play one of these days.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

And in the near term, the suppliers who fund campaigns that allow us to distribute drink credits on their behalf.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

and that are redeemable at their restaurant partners.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

So those supplier plays are a real anchor part of our business.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

We do have upgrades for our restaurant partners as part of our monetization model where, you know, in return for a certain subscription, they end up with a certain number of drink credits they can deploy out on their own.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

Choosing their own influencers, their own ambassadors, their own key patrons.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

You know, I was at a restaurant, I'll never forget this here, a few months back, and I asked one of the bartenders, I said, I'm just curious, last year, what was your biggest spender here at the bar?

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

Do you have...

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

Any idea what your biggest one or two spenders might have dropped?

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

And without hesitation, he said, yeah, it was about $22,000.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

That was one person buying wine and cocktails for he and his friends through the year.

The Best 5 Minute Wine Podcast
The App That Lets You Buy Someone a Drink - Shared Spirits Pt. 1-6

We tease sometimes about how tough the business is, but the reality is there's a lot of good graces still around the business.