The Samurai Mask: An Interview With The CEO of BULLDOG Gin

 

A Brazen Breed of Gin

A Brazen Breed of Gin

I’m pleased to highlight a new series of articles focused on understanding the thoughts of successful entrepreneurs.   For our inaugural series, entitled, “The Samurai Mask,” I speak with the CEO and Founder of BULLDOG Gin, Mr. Anshuman Vohra, 31.  “Shu” was once a JP Morgan Banker who gave up his lucrative career to start BULLDOG Gin three years ago.  I was very inspired after watching his story about overcoming rejection on Donny Deutsche’s “The Big Idea” and I’m pleased he’s here with us today.  This is his story about finding entrepreneurial success, and going against the odds.

INTRODUCTION

FS: Shu, thanks for taking the time to speak.  First of all, tell us about Bulldog Gin, and why it is such a hot product?

Shu: It’s good to speak to you and it’s an honor to be the inaugural interviewee for your new series.  BULLDOG Gin is a quadruple distilled, ultra premium gin with dragon eye and other distinctive botanicals.  This is not your old folks gin, but a younger, brazen breed of  gin that you can imagine Steve McQueen and James Bond drinking.

FS: Sounds pretty rock and rolling to me!  I’m sure many readers will wonder how you could give up a lucrative job to join a startup.  How did it all come about?

Shu: I was looking to leave the banking industry for a while.  After several years on Wall St. I found it wasn’t really for me.  A former colleague of mine brought up the idea of creating a hip new gin – taking a page from the playbook of brands like Grey Goose and Ketel One – this immediately peaked my interest.  Vodka is a saturated market, but gin is ready for a revolution!

However I didn’t take the plunge until the 11th hour.  All conditions for success were right, namely that we had raised a first round of financing,  got our distributor and done all the necessary production development work.  I think it’s very important to hold on to your current job, while exploring different avenues and then make the switch when the time is right.

My income now is a fraction of what I made at JP Morgan, but that’s just short-term thinking.  For me it’s about building a product from nothing, and watching it grow into something recognizable and consumable.  I believe that if I’m successful in doing that, monetary gain will follow.

FS: What is the culture like at BULLDOG Gin and how important is company culture to you?

Shu: Culture is very important.  Unnecessarily bureaucracy permeates in 100K+ organizations.  I want to offer the most fun work environment with no unnecessary hierarchy, and an organization of responsible professionals all working towards making BULLDOG a success.

MOTIVATION & DIFFICULTIES

FS: What are your Top 3 motivations for success?

Shu: 1) Creating something that’s tangible and lasting of value to people everyday, 2) Fulfillment and 3) Freedom from “”The Man.”

FS: What’s the most difficult part about running your start up?

Shu: Going from a big corporation to a start up is not easy.  I didn’t realize how much administrative work goes into running your own company.  Big corporations have a very uniform atmosphere where there’s established process. and protocols  Not only did I have to market my company, I was in charge of supply chain and at the same time, I had to figure out how to do payroll taxes and by the tech help desk!  Furthermore, I am the HR manager, which is definitely a full time job by itself!  I run into Murphy’s Law daily, where whatever can go wrong, will go wrong!  It’s important to just roll with the punches.

FS: During the downturn, how did you cope?  What was going on in your heads 12 months ago?

Shu: Frankly, I was very nervous and immediately cut some overhead expense as well as focused on raw material cost cutting.  Thankfully, liquor is more recession resistant that most other products given people tend to drink when they’re merry as well as when they are sad.  During the downturn, we just continued to focus on stuff we had control over, and things we do right.  Sentiment has definitely improved since 1Q09, and we are entering the peak holiday season for spirits.  We do 65% of our business in 2H.  Despite the downturn, volumes are up 70% to date.

FS: You’ve been interviewed by The Wall Street Journal and countless other high profile publications in the past.  What is something big media didn’t ask you, that you wished they did.

Shu: Yes, we have a good publicist that gets us great press.  Clearly we’ve hit a new high with Financial Samurai!

The other publications focus on the glory of being an entrepreneur rather than the day to day complexities involved in running a business.  I certainly understand why they did so, and in the interest of full disclosure, a large part of my mental capacity is visualizing the “glory.”

Nobody ever asked me about the strains involved in getting things up and running.  It’s brutally difficult to raise capital when you’re a first time entrepreneur with just an idea on paper without anything tangible to go by.  Anything that will go wrong does go wrong. So, it’s important to be a wall and let the hardship bounce off of you.

But, I tell you, it’s hard.  You’ve got to be relentless and resolutely focused with keeping your eye on the prize every moment.  I get up everyday with the end goal in mind, and that is for BULLDOG Gin to be as big as it can be.  (By the way, look out for Bulldog Gin in the Financial Times this month!)

2988-0w0h0_Bulldog_GinTAKEWAYS FROM STARTING YOUR OWN COMPANY

FS: What is the one thing you’ve learned from being an entrepreneur that you can share with us?

Shu: The greatest idea in the world is nothing unless there’s proper execution.  If you build it, they will come is NOT a viable strategy for success. You’ve got to really get your name out there and invest in advertising and sales.  Look at Coca Cola - one of the most recognizable brands on the planet – they don’t just rest on their laurels, rather the still spend billions a year on advertising.  There’s constantly an endless supply of work that needs to get done with never enough time to relax.  The “highs” of the business as an entrepreneur are much higher, and the “lows” are much lower and lonelier.  That said, I’d take the entrepreneurial equation any day.

FS: What is something nobody will ever tell you about running a start up?

Shu: Nobody in the world will believe in you and your product more than yourself.  So you have to set a vision for the company and everything should start with that.  I take everything associated with the business incredibly personally and therefore have a very long memory of critics who tried to impede my progress.

THE FUTURE

FS: Where do you see BULLDOG Gin 3 yrs from now?

Shu: We are currently concentrated in the northeastern US , and have an international presence in Spain and the UK.  We hope to expand further in the US, especially in the Northern California market, and make BULLDOG Gin as big as it can be.  Much like personal finance, it’s important for us to expand strategically, and not overspend too early.

FS: Here’s a curve ball, would you ever have imagined you’d make Gotham Magazine’s Top 100 Bachelors next to the likes of Leonardo Di Caprio, Bradley Cooper, Edward Norton, and Robert Pattinson from Twilight?  That’s like hitting the love jackpot!

 

Vinnie Chase

Vinnie Chase

Shu: Ha!  I never would have thought in my wildest dreams I would be on the same page as my idol, Adrian Grenier aka Vinnie Chase from Entourage!  I still can’t believe I got on the list!  I’m grateful for it, and to the extent it helps BULLDOG Gin, that is the most important thing.

 

FS: Hypothetically speaking, if JP Morgan came back and offered you $5 million a year for two years, would you take it?

Shu: I wouldn’t even think about it.  Well, maybe for a nanosecond, but that’s it.  This is not a knock on JP Morgan as Jamie Dimon has done a fine job and I really enjoyed my time there.  For me, fulfillment lies not in creating large paychecks, but in creating something and working on something I can truly call my own.  Money is certainly a key motivator, but I see it more as a byproduct of success.

FS: If Diageo or Constellation Brands buys you out for $500 million one day, what would you do?

Shu: To be honest I’ve never thought about that question.  I’m not a very materialistic person, so my answer may disappoint some people.

Hmmm… I might go to Disney World, and I’ve always wanted to live in the South of France and chill out on the beach there for 6 months while brushing up on my French.  I think it would be an enjoyable respite after all these years of working 100 hours a week!  I’d probably come back and finally find myself a decent apartment in Manhattan, compared to my extremely humble spot in the East village.  Ok, maybe I’d like to kick it with the boys for a bit.

FS: Thanks for your time Shu, and I wish you all the success!

Shu: Absolutely.  Thanks for the opportunity to be interviewed, as well as your support of BULLDOG Gin!

CONTACT

For more info, please feel free to contact Shu Vohra by visiting his site at BULLDOG Gin.  You can also find Bulldog on Twitter @BULLDOGGin and join the legions of fans on Facebook.

BULLDOG Gin on CNBC’s The Big Idea with Donny Deutsche

Any entrepreneurs out there who would also like to share their story with us?  Please feel free to drop us an e-mail!

Keigu,

Financial Samurai – “Slicing Through Money’s Mysteries”

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Sam started Financial Samurai in 2009 during the depths of the financial crisis as a way to make sense of chaos. After 13 years working on Wall Street, Sam decided to retire in 2012 to utilize everything he learned in business school to focus on online entrepreneurship.

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Comments

  1. Gen Y Investor says

    I really liked this post! It was great listening to the words of a successful entrepreneur… especially one that operates in the booze industry!

  2. Larry L, New York says

    Is Donny Deutsche’s “The Big Idea” still on the air?

    It’s funny he mentions “This is not your old folks gin, but a younger, brazen breed of gin that you can imagine Steve McQueen and James Bond drinking.” Both I would consider “old school” but do conjure up an great image.

    Alcohol is a pure marketing play and great to study and apply to your own business.

  3. admin says

    @Larry L, New York
    Donny Deutsche is a force in the advertising world (Google him on his own net worth), and this video was taken when they just launched the gin. The exposure was definitely a shot in the arm for the company!

    When he says “not your old folks gin” he’s referring to some stodgy old guy with a red nose and pot belly drinking. He’s conjuring the images of past characters, mixed with the steady beat of modern suave.

  4. Larry L, New York says

    @admin

    I know Donny’s background and like the guy :-)

    Sorry if it sounded this way, I’m not dissing the brand or the article just thought it was interesting. I’m not sure if a 25 – 30 yr old male will think James Bond and Steven McQueen are hip. I’m sure some people in that age group would say “who’s Steve McQueen”? Then again that’s not probably the target audience.

    Looking at their web site , FB and twitter I think it’s executed great! They are doing all of the right things to brand, market and sell the aspiring image they are trying to convey by using their product.

  5. Jim says

    I love entrepreneurial stories! Keep them up! I’ve started a couple businesses before, and it takes a lot of work. Anybody who can get a successful business off the ground deserves everything they’ve got coming to them!

  6. Evan says

    I am not a fan of gin at all (Scotch and Beer for this Guy), but I love listening to CEOs that love their product and love being CEOs. He has a different style than any one of the CEOs that might be on CNBC in the morning; its just exciting and you want to be a part of their excitement for the product

  7. kenyantykoon says

    i find interviews and success stories of entrepreneurs very motivational and they help me know that if others have succeeded, then i can if i put all i have into it. Thanks for motivating a young entrepreneur

  8. Anshuman Vohra says

    Dear FS & Readers,
    Thanks for a lovely article – well written like the other stuff on your website.
    And, thanks again for the opportunity to be a part of FS.
    The comments and kind wishes from your readers are also well received.
    And, I do hope to convert all non-gin drinkers some day :)
    Lastly a point of clarification: I use Steve McQueen and Bond not as literal examples of consumers, rather as personalities who evoke the image we stand for (regardless of era) and the types of consumers who have been absent from the gin space for far too long that we hope to bring into the fold.
    Kind regards,
    Anshuman

  9. Charlie says

    Great interview and looking forward to future ones too. I like the concept of making Gin hip. I personally like it better than vodka myself. Best of luck with the business and I’ll keep an eye out for it!

  10. admin says

    I’m glad everyone enjoyed the interview! It was fun learning from Shu, and hearing his stories about his battles with naysayers and getting his company off the ground.

    We plan to interview someone new once a month across various industries! Best, FS

  11. Suzan says

    FS – I was at a party one day, and I grabbed a cocktail. Before I knew it, I had downed the whole thing! It turns out that I drank a Bulldog Gin and Tonic!

    Thanks for sharing the article with us. Sounds like BULLDOG will be a big success! Suzan

  12. Millionaire Acts says

    Nice interview FS. Although I’m not familiar with the product because I’m from Philippines, I was able to pick up some views from a successful entrepreneur through this interview.

    By the way, since we visit each other’s site more often, care to exchange links in our blogrolls? I would add your link now to mine. :)

    And hopefully, if ever there’s a chance for me to go there in US, I hope to meet you.

    • admin says

      Hi Tyrone – Glad you picked up some pointers from the interview. Yes, it would be great to exchange links on our blog rolls. It’s always good to have a foreign perspective on things. Best, FS

  13. Dug says

    Nice interview.

    there are a lot of small-scale premium gin brands springing up at the moment – I hope this will encourage others to start up and help exising ones survive.

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