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How an Online Wine Seller Uncorked New Cash Lot18 proves funding options are not dry for wine businesses.

By Kara Ohngren Prior

Opinions expressed by Entrepreneur contributors are their own.

Philip James of Lot18
Philip James of Lot18

Philip James wants you to have another glass of that '06 Bordeaux. So much so that he has launched an invite-only website dedicated to giving members insider access to a curated selection of sought-after wines. Since November 2010, James and business partner Kevin Fortuna have been gaining the attention of oenophiles and investors alike with Lot18, the flash-sale site they run from New York City.

"We work with small, family-owned wineries who make great products but don't necessarily know how to market them," James says. "So we find a case of their wine and bring it to a national audience."