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Vivino
Copenhagen, Capital Region of Denmark
I love building and scaling businesses, from an idea to an established, international and respected business. I believe in people, people are the backbone of any organization. Being able to identify, attract and motivate the right people is the key to success in any business. Any leader should make people feel like a part of a winning team and this is best done by delivering rapid growth and results.
I love building and scaling businesses,...
Wine is about so much more than just a great label; it’s about an experience, community, and, of course, what’s in the bottle. That’s where Vivino comes in. As the world’s largest online wine marketplace and most downloaded wine app, our community comprises millions of wine drinkers from around the world, coming together to make buying the right wine simple, straightforward, and fun. We use crowd-sourced data to personalize wine recommendations so that every community member feels confident about their wine choices. Created for everyone who likes wine—from the wine curious to the wine enthusiast—the Vivino app is free on iOS and Android devices.
Wine is about so much more...
When competing against 600 wine apps, Vivino succeeded by obsessing over match rate rather than visual design. While Apple featured competitors for their beautiful interfaces, Heini focused exclusively on whether users could get data on the bottle in front of them. This "best product, not good product" philosophy meant being the best at the one thing that mattered most, even if other aspects were lacking.
Heini attributes Vivino's success to building for their own demographic - wine newcomers seeking quick answers rather than experts wanting detailed tasting notes. This founder-market fit prevented them from building for wine connoisseurs (a small high-end audience) and instead created a product for the mass market of intimidated wine buyers who wanted simple, fast guidance.
While traditional wine critics rated 20,000 wines per year, Vivino generated 100,000 ratings per day through community engagement. This scale advantage allowed them to cover every small vineyard globally and create defensible competitive advantages through data depth and breadth that traditional experts couldn't match.
With 70-80% word-of-mouth growth, Vivino faced the challenge of not disrupting their core scanning experience while building additional features. Heini emphasizes the discipline required to keep optimizing the primary growth driver even when it creates a "two-edged sword" that makes other features seem less important by comparison.
Vivino's biggest surprise was discovering users wouldn't buy wine immediately after scanning bottles in stores. This forced a product pivot to build wine discovery features (explorer, recommendations) to capture purchase intent when users were actually ready to buy, rather than assuming the green "buy" button would work in scanning contexts.
Heini advocates for maintaining spending discipline even during capital-abundant periods, asking "would you spend this money if you only had half?" He emphasizes that constraints improve decision-making and that founders should consider secondary sales during peak valuations rather than always believing the optimistic trajectory will continue.
The transition from community platform to marketplace required maintaining user trust above all else. Heini's philosophy was never to compromise on serving users the best wine recommendations, regardless of margin opportunities, because losing community trust would destroy the entire business foundation.
Vivino's success metric became users who scan wine bottles consistently for 10+ years, creating an ingrained habit. This long-term retention focus proved more valuable than aggressive user acquisition, as these engaged users became the foundation for sustainable marketplace growth and word-of-mouth expansion.
In this episode of ICONS, host Roman Kirsch interviews Heini Zachariassen, founder of Vivino and current chairman of the board, who is now building Vota (vota.org), a quality rating system for restaurants. Growing up on the remote Faroe Islands (population 50,000) between Norway and Iceland, Heini developed the entrepreneurial belief that you can walk to parliament and knock on the prime minister’s door to create change. This island mindset shaped his approach to building global businesses. Despite knowing nothing about wine, Heini transformed his intimidation at wine store “walls of wine” into the world’s largest wine database with over 15 million wines and over 70 million users. Starting as a simple wine scanning app competing against 600 other wine apps, Vivino succeeded by focusing relentlessly on match rate over aesthetics, achieving 70-80% word-of-mouth growth with near-zero marketing spend and reaching a billion-dollar valuation during the 2021 boom. Through surviving the COVID boom-bust cycle and transitioning from community to marketplace, Heini shares hard-won lessons about founder-market fit, data moats, and building sustainable consumer businesses in competitive markets. Today, he remains connected to his Faroe Islands roots, regularly visiting home where they now boast a two-star Michelin restaurant while he builds a whiskey distillery to help diversify the local economy beyond fishing.