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“We created VEB to engage with a changing world,” says Mitchell.“Our job is to build a pipeline of brands that we can potentially acquire once they have grown and succeeded.” VEB breaks down the players in the beverage market into one of five phases of development: 1.“We love the capabilities we can bring to bear for smaller brands,” says Mitchell, “but the key is that we are unlocking synergies that are driven by that brand’s needs, and not our own bias.” The challenge for VEB, however, is keeping up with all the disruption in the market. Libations, which now has 28 employees, teamed up with emerging brands like ZICO to offer outsourced sales services and received a small equity stake in return. “A third of the growth in the beverage world is coming from brands that didn’t exist five years ago,” says Stepper, who is also a film producer.

While the company continues to eye potential acquisitions and investments of all sizes (evidenced by recent deals with Monster and Keurig), VEB connects with entrepreneurs building businesses at far earlier stages and in new and emerging categories.

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That’s led to an explosion of new options in the marketplace.

At last count, there are some 5,000 different brands available to a consumer, which makes for a dizzying array for anyone trying to keep up with all the new players. Very few of these brands, just 3%, will crack million in annual sales.

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