Darden | Mr. Strategy Manager
GRE 321, GPA 3.5
Ross | Mr. Airline Engineer
GMAT 730, GPA 3.73
Harvard | Mr. Sovereign Wealth Fund
GMAT 730, GPA 3.55
Stanford GSB | Mr. Corporate VC Hustler
GMAT 780, GPA 3.17
Emory Goizueta | Mr. Multimedia
GRE 308, GPA 3.4
Harvard | Mr. Smart Operations
GMAT 760, GPA 4.0
Wharton | Mr. Marketing Director
GMAT 710, GPA 3.3
Ross | Ms. Healthcare Startup
GRE 321, GPA 3.51
Kellogg | Mr. Real Estate Finance
GMAT 710, GPA 3.0
Harvard | Mr. Healthcare Fanatic
GMAT 770, GPA 3.46
Georgetown McDonough | Ms. Air Force
GMAT 610, GPA 3.8
Stanford GSB | Mr. JD To MBA
GRE 326, GPA 3.01
Harvard | Mr. MacGruber
GRE 313, GPA 3.7
Berkeley Haas | Mr. Poet At Heart
GMAT 740, GPA 3.7
Yale | Mr. Ukrainian Biz Man
GRE 310, GPA 4.75 out of 5
Darden | Mr. Former Scientist
GMAT 680, GPA 3.65
Stanford GSB | Mr. Sustainable Business
GRE 331, GPA 3.86
Wharton | Mr. Microsoft Consultant
GMAT N/A, GPA 2.31
Yale | Ms. Impact Investing
GRE 323, GPA 3.8
Cornell Johnson | Ms. Food Waste Warrior
GMAT Not written yet (around 680), GPA 3.27
Stanford GSB | Ms. Future Tech Exec
GMAT 750, GPA 3.4
Kellogg | Mr. Finance To Education
GMAT 730, GPA 3.4
Rice Jones | Mr. Back To School
GRE 315, GPA 3.0
Columbia | Mr. Aussie Military Man
GMAT 710, GPA 3.0 (rough conversion from Weighted Average Mark)
Harvard | Mr. Hopeful Philanthropist
GMAT 710, GPA 3.74
Stanford GSB | Mr. FinTech
GMAT Not Taken Yet, GPA 3.5
UCLA Anderson | Mr. Analytics Man
GMAT 740, GPA 3.1

Meet The Most Disruptive MBA Startups Of 2019

Eliqs

MBA Program: UCLA, Anderson School of Management

Industry: Food & Beverage

Founding Student Names: Max Berg, Dave Goldman, Joe Schwappach

Brief Description of Solution: Eliqs creates personalized brands of craft beer for social events, corporate events, and the hospitality space. To us, beer isn’t just a drink, it’s a medium that brings people together in shared experiences, and we exist to amplify those experiences through superior design and technology.

Our customers collaborate directly with our team of artists and designers to create a unique label design from scratch and select a craft beer from our curated list of options produced by our local brewery partners. Eliqs handles everything else, from production logistics to cold storage up until the day of the event. We then deliver the personalized beers directly to customer events, cold and ready to drink –all for the same price they would otherwise pay for craft beer at a store.

Funding Dollars: $450,000

What led you to launch this venture? Market validation! As a proof-of-concept, we made a small batch of custom-branded beers with Grandpa’s face on them for a Thanksgiving dinner. We scrubbed off the labels of store-bought bottles in a bathtub, replaced them with mediocre-designed stickers…and our Thanksgiving guests were still raving about them! At that point, we knew we had uncovered an exciting opportunity, and we figured that if we truly optimized this MVP and became innovative experts in a largely outdated industry, we could take advantage of shifting consumer preferences toward personalized products and craft beer. We have only continued to confirm this belief as the tally of interested wedding planners and local businesses looking to create their own custom-branded beers has grown. We decided to forego our post-internship offers to give this opportunity what it deserves – a full-time effort across the board. Beer tastes better with your face on it, and we’re here to prove it!

What has been your biggest accomplishment so far with your venture? Our biggest accomplishment to date has been our ability to develop a novel supply chain and business model in the highly-regulated beer industry. The three of us all came from industries outside of the alcohol space. Over the past two years, we have become experts in alcohol laws and regulations. Ultimately, this has enabled us to create a new market where one previously did not exist, while also providing us with the operational flexibility to partner with multiple players throughout the existing craft beer value chain. This has allowed us to deliver a truly differentiated product for the same price consumers would otherwise spend on craft beer at a store.

How has your MBA program helped you further this startup venture? UCLA Anderson’s Business Creation Opportunity (BCO) capstone program was instrumental in our ability to build Eliqs. The program provided us with a risk-free playground to conduct extensive research, develop our business model, test our hypotheses, connect with investors, and interface with incredibly knowledgeable mentors and experts in the space. The broader Anderson community’s values of “share success” also helped us make strides as countless club and school events served as our initial base of customers who provided valuable feedback that we’ve used to optimize our model and operational structure every step of the way.

What founder or entrepreneur inspired you to start your own entrepreneurial journey? How did he or she prove motivational to you? We really admire both John Malone and Rosie O’Neill; they’ve both inspired us so much in different ways that we couldn’t pick just one!

John essentially built the modern telecommunications industry after inheriting the nearly bankrupt Tele-Communications Inc. in the early 1970s. As CEO, he built TCI into the largest cable operator in the country, spun off media powerhouses like QVC & Liberty Media, and eventually sold the company to AT&T where it became AT&T’s modern cable business. Amazingly, he did this all in under 30 years and in the highly regulated communications space. In the process, he even invented the term EBITDA.

Rosie is a UCLA Anderson alum (Go Bruins!), who founded the gourmet candy boutique Sugarfina that has become a nationwide success. We see so many parallels between the incredible CPG company Rosie has built and what we are trying to do with Eliqs. By incorporating visual beauty and creativity into the candy-making process, Rosie and Sugarfina have brought the magic back into an otherwise-stale candy industry. She is one of the best product-focused CEOs that we have seen in the retail space, and her unique, brand-building collaborations with companies like Alfred Coffee and Nintendo have yielded delicious and surprisingly beautiful candy concoctions with equally beautiful packaging. Her incredible branding and business acumen are what have made Sugarfina the success it is today.

Which MBA class has been most valuable in building your startup and what was the biggest lesson you gained from it? We took a class called Managing Disruptive Technologies and Business that leaned heavily on Clayton Christensen’s The Innovator’s Dilemma and The Innovator’s Solution. The timely exposure to the related frameworks provided us with tools for evaluating value networks within our core customer segments and identifying opportunities to provide unique value. Equally as important, accompanying discussions with business pioneers visiting the class provided invaluable insights for nurturing our team with the values and mindset crucial for helping us remain ahead of the curve as others seek to enter our market.

What is your long-term goal with your startup? We aim to become the go-to custom beverage provider for every event, bar, restaurant, and hotel. Although we are starting with custom craft beer for the Los Angeles market initially, we have both use case and geographic expansion plans that will extend our offering to wine, hard seltzer, sodas, and other non-alcoholic beverages throughout every major market in the United States. We’ve got more ideas too, but don’t want to give it all away now.