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So, Silbert took matters into this own hands. Hordered himself some of the medicinal tree bark online and looked up a recipe. And, lo, the new business Q Tonic was conceived. Today, the bubbly is found in more than 3,000 outlets.
Here are some interesting statistics on the business:
- Startup costs: $35,000. Silbert also had free use of an apartment in New York City for six months.
- Cases of Q Tonic sold in 2010, compared with fewer than 500 in the brand’s first year: 65,000.
- Cost to rent the facility where he bottled his first 200 cases: $500.
- Number of financing rounds Silbert has raised to expand his company: 4.