Cleveland Whiskey was my first-ever equity crowdfunding investment (May 16, 2016), and founder/CEO Tom Lix has sent detailed quarterly updates ever since. In this episode, we cover 00:00–03:03 why Tom built a technology company in spirits—not just another craft label; 03:03–06:09 how pressure-aging in stainless tanks unlocks flavors from non-oak woods (black cherry, hickory, apple) and produces great whiskey in hours not years; 06:09–09:27 the pivot to concentrates and why India’s “Indian-Made Foreign Liquor” niche is a game-changer for price and margin; 09:27–12:47 the new 45,000 sq. ft. Cleveland facilities, 12× capacity today with room to double again, plus how shorter cycle times unlock multi-shift throughput; 12:47–16:09 resilience through a U.S. whiskey slump, tariffs, and changing consumer trends; 16:09–20:03 valuation, real-estate upside on Cleveland’s waterfront, and IP; and 20:03–28:19 the founder mindset—why Tom keeps going and how global demand (India, SE Asia, Africa) can drive the next chapter.