01/01/1997
Business Law Guide is Fun, Informative
Don't you love stories like Pete Slosberg's?
Pete's hobby was brewing beer at home, and his friends and neighbors couldn't get enough of the stuff.
In 1986, armed with $50,000 that his friends put up, Pete decided to see if the public agreed. The first 500 cases went so quickly that he decided to quit his day job and make beer full time. Five years later, Pete's Wicked Ale was selling 200,000 cases annually and doubling sales each year. Pete was laughing (and burping) all the way to the bank.
None of this surprises Constance Bagley, a Stanford professor, and venture capital lawyer Craig Dauchy. They operate in northern California, where entrepreneurs routinely hit the long ball. The next part of the story is where they come in.
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