60: Investing and Entrepreneurship with Dooma Wendschuh - a podcast by The Richard Dri Podcast

Dooma Wendschuh is the co-founder and shareholder of Province Brands of Canada, a Canadian company located in Grimsby, Ontario, who has developed a proprietary technology that can take virtually any plant material and produce fermentable sugars, which in turn can be used to make beverages including premium beers. The best part of the process is that the cost to make this beer is equal to approximately the same cost as it would to take and make regular beer, so Dooma has a beer that is better for the planet and for the consumer, a win-win situation.      

In today’s episode, Dooma discusses how he raised $23 million so far, how he pitches the company to potential investors, and the company's plan to grow in the U.S. and in Canada. He also shares his investment strategy, provides his criteria for selecting successful private companies, and explains why he sold all his publicly-traded stocks several months before the U.S. election, as well as his biggest mistake or disappointment. Dooma brings the episode to a close by explaining the two skills that an entrepreneur must learn to balance in order to be successful, his definition of financial independence, and the reason why so many investors have fallen into the trap of chasing the goals of others rather than their own personal goals.

Further episodes of The Wealth Navigator Podcast with Richard Dri

Further podcasts by The Richard Dri Podcast

Website of The Richard Dri Podcast