Court says Uncle Nearest was ‘haemorrhaging money’
Uncle Nearest's insolvency ($208M debt vs $50-125M valuation) offers a cautionary tale for beverage founders on burn rates, fundraising discipline, and operational sustainability in craft spirits.
Why does this matter?
Uncle Nearest's insolvency ($208M debt vs $50-125M valuation) offers a cautionary tale for beverage founders on burn rates, fundraising discipline, and operational sustainability in craft spirits.
Highlights
Uncle Nearest will remain under the control of a receiver after a judge rejected co-founder Fawn Weaver’s appeal The post Court says Uncle Nearest was ‘haemorrhaging money’ appeared first on The Spirits Business.
Source: The Spirits Business
