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Understanding The Basics of Tequila

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The world of tequila contains more than a few surprises. Luckily, there are no better guides than Alec and Ana Tesa, founders of award-winning distillery Eleven20 Tequila

 “The first thing to understand is that there are a lot of fakes out there,” says Alec Tesa. Given the Tesas’ passion for traditional distilling techniques and Mexican culture, they’re the perfect people to explain the fundamentals of this amazing beverage, from what constitutes true tequila to identifying superior varieties and finding the best one for you.

Not all tequila is real

For a beverage to count as true tequila, it needs to meet certain criteria. “Most importantly, it must be made from blue agave in certain places, such as Jalisco, Guanajuato, and Michoacan,” Alec says. “That’s why we craft our artisanal tequila in the heart of tequila country.”

“While you might be able to buy spirits distilled from alternative kinds of agave in California or other places, these beverages taste different,” Ana Tesa adds. They also can’t be called tequila, which by definition must come from blue agave in Mexico.

“Terroir is important, just like with wine,” Alec explains. “Champagne only comes from Champagne, which is near Paris, and Bordeaux only comes from Bordeaux in the southwest of France. There’s something unique and magical about these places that lead to a truly special drink. It has to do with the soil, the latitude, the altitude — everything in the environment comes together perfectly to make lovely elixirs that are exclusive to those particular places.”

“The distillation of tequila from true Mexican blue agave is a beautiful and historic cultural tradition that can’t be replicated elsewhere,” Ana continues. “Keep in mind this knowledge has been handed down through generations. Proper tequila is made in Mexico by Mexicans, using methods they have refined for thousands of years.”

Unfortunately, illicit producers of fake tequila continue to try to fool consumers and often to great lengths to hide the provenance of their products, even reusing bottles from legitimate tequila distilleries to masquerade as the real thing. In addition to scamming people with lesser quality beverages, sometimes they also bottle their products with toxic substances that can have dangerous effects on those who drink them.

How to identify real tequila

To spot true tequila, the Tesas recommend reading labels carefully. “It might seem obvious, but the first rule to follow is to look for the word tequila specifically,” Alec remarks. “Not agave liqueur, not agave eau de vie, and not agave distillates — none of those are the real thing. Also, remember that mezcal is different from tequila as well, since it can be made from other agaves, not pure blue agave like tequila.”

“The bottle should be in pristine condition,” Ana says. “If it looks like someone might have taken the lid off and refilled it, then keep in mind that dubious beverage companies actually do that, so that might be what you’re actually looking at.”

“Don’t buy anything that doesn’t have a label,” Alec adds. “You really shouldn’t even accept a drink for free from a bottle like that!”

The Tesas also recommend purchasing tequila only from established, reputable retailers. “Avoid dodgy situations,” Ana continues. “Don’t try to buy it off the street or at a flea market. It might look like a good deal, but you’re really just getting ripped off.”

According to the Tesas, an even better way to verify authenticity is to look the beverage company up on the official list of producers, which the Consejo Regulador del Tequila (CRT) makes available online. “If the company isn’t listed, it’s not what you want,” Alec says.

Even among real tequilas, a range of different qualities is available.

Identifying the best tequila

“The best tequila is made entirely from blue agave,” Alec says, “so look for ‘100 percent’ on the label.”

“You should also look for brands that don’t have any additives,” Ana adds. “The best tequila is pure. Similarly, if a label says ‘Mixto,’ that means it’s tequila mixed with up to 49 percent other things. For some brands, that means nearly half the drink is sugar.”

Ultimately, what makes a great tequila is its great taste. “Fancy packaging might look impressive, but you can’t drink it,” Alec says. “What’s more important is what that spirit tastes like neat.”

Tequila can also be aged in barrels for different periods of time, which changes the drink’s flavor profile. The youngest variety is called blanco, which goes straight to store shelves after bottling. Reposado comes next, having been aged for two months up to a year, while Añejo is the oldest, aged for one to three years.

“While many people favor aged tequilas, you’ll need to taste the different options yourself to see what you prefer,” Ana says. “Blanco tends to be flashier, which lots of people like best. Whiskey drinkers tend to prefer the older versions, which can take on hints of spices or vanilla from the barrels.”

Experience a Mexican tradition

Finally, the Tesas recommend buying tequila from producers that use traditional Mexican production techniques like Eleven20. “The best experience is an authentic one,” Alec says. “These processes might be slower, but the taste is more than worth the effort.”

For a true Mexican experience, make sure you turn to true Mexican tequila like Eleven20.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

Derik Fay and the Quiet Rise of a Fintech Dynasty: How a Relentless Visionary is Redefining the Future of Payments

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Long before the headlines, before the Forbes features, and well before he became a respected fixture in boardrooms across the country, Derik Fay was a kid from Westerly, Rhode Island with little more than grit and audacity. Now, with a strategic footprint spanning more than 40 companies—including holdings in media, construction, real estate, pharma, fitness, and fintech—Fay’s influence is as diversified as it is deliberate. And his most recent move may be his boldest yet: the acquisition and co-ownership of Tycoon Payments, a fintech venture poised to disrupt an industry built on middlemen and outdated rules.

Where many entrepreneurs chase headlines, Fay chases legacy.

Rebuilding the Foundation of Fintech

In the saturated space of payment processors, Fay didn’t just want another transactional brand. He saw a broken system—one that labeled too many businesses as “high-risk,” denied them access, and overcharged them into silence. Tycoon Payments, under his stewardship, is rewriting that narrative from the ground up.

Instead of the all-too-common “fake processor” model, where companies act as brokers rather than actual underwriters, Tycoon Payments is being engineered to own the rails—integrating direct banking partnerships, custom risk modeling, and flexible support for underserved industries.

“Disruption isn’t about being loud,” Fay said in a private strategy session with advisors. “It’s about fixing what’s been ignored for too long. I don’t chase waves—I build the coastline.”

Quiet Power, Strategic Depth

Now 46 years old, Fay has evolved from scrappy gym owner to an empire builder, founding 3F Management as a private equity and venture vehicle to scale fast-growth businesses with staying power. His portfolio includes names like Bare Knuckle Fighting Championships, BIGG Pharma, Results Roofing, FayMs Films, and SalonPlex—but also dozens of companies that never make headlines. That’s by design.

Where others seek followers, Fay builds founders. Where most celebrate their exits, Fay reinvests in people.

While he often deflects conversations around his personal wealth, analysts estimate his net worth to exceed $100 million, with some placing it comfortably over $250 million, based on exits, real estate holdings, and the trajectory of his current ventures.

Yet unlike others in his tax bracket, Fay still answers cold DMs. He mentors rising entrepreneurs without cameras rolling. And he shows up—not just with capital, but with conviction.

A Mogul Grounded in Real Life

Outside of business, Fay remains committed to his role as a father and partner. He shares two daughters, Sophia Elena Fay and Isabella Roslyn Fay, and has been in a relationship with Shandra Phillips since 2021. He’s known for keeping his personal life private, but those close to him speak of a man who brings the same intention to parenting as he does to scaling multimillion-dollar ventures—focused, present, and consistent.

His physical stature—standing at 6′1″—matches his professional gravitas, but what’s more striking is his ability to operate with both discipline and empathy. Fay’s reputation among founders and CEOs is not just one of capital deployment, but emotional intelligence. As one partner noted, “He’s the kind of guy who will break down your pitch—and rebuild your belief in yourself in the same breath.”

The Tycoon Blueprint

The playbook Fay is writing at Tycoon Payments doesn’t just threaten incumbents—it reinvents the infrastructure. This isn’t another “fintech startup” with a flashy brand and no backend. It’s a strategically positioned venture with real underwriting power, cross-border ambitions, and a founder who understands how to scale quietly until the entire industry has to take notice.

In an age where so many entrepreneurs rely on noise and virality to build influence, Fay remains a master of what can only be called elite stealth. He doesn’t need the spotlight. But his impact casts a long shadow.

Conclusion: The Empire Expands

From Rhode Island beginnings to venture boardrooms, from gym owner to fintech force, Derik Fay continues to build not just businesses—but a blueprint. One rooted in resilience, innovation, and long-term infrastructure.

Tycoon Payments may be the latest chess piece. But the game he’s playing is bigger than one move. It’s a long game of strategic leverage, intentional legacy, and generational wealth.

And Fay is not just playing it. He’s redefining the rules.

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