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How Silver Ventures achieved 60%+ open rates using storytelling

Historic Texas brewery‑turned‑mixed‑use venue uses Mailchimp to help build community.

People sit on a lawn watching a live outdoor concert at historic San Antonio brewery Pearl, surrounded by multi-story buildings. Stats on top are 28% average email open rate, 53% open rates on welcome emails, and 60%+ open rate on VIP segment sends.
Published: July 2026 – Hospitality & Entertainment – Texas, US – 108,000+ subscribers
At Pearl in San Antonio, the people are the main attraction. A local ceramic artist turns a Mother's Day project into a property-wide scavenger hunt. A chef takes over a restaurant and makes the menu their own. At the year-round farmers market, the same regulars turn up every weekend, rain or shine.

Pearl is the flagship brand of Silver Ventures, the San Antonio venture capital firm that develops and operates the site of the former Pearl Brewery. Under the Pearl name, Silver Ventures runs restaurants, shops, a year-round farmers market, live music venue, and residential communities. It also operates 3 other distinct brands: Hotel Emma, the boutique hotel on site; La Babia, a sustainable beef brand that supplies several of the property's restaurants; and Potluck, the restaurant concept incubator responsible for bringing world-class dining options to Pearl.

Nicholas Caballero, email marketing manager, joined Silver Ventures from a career in journalism just over a year ago. Sitting down with people and telling their stories was already familiar work. The new part for him, and Silver Ventures, was doing it through email.

"There are a lot of people here, and a lot of people have really good stories," Nick says. "It's just fun to talk to them—not be like, 'Hey, we're downtown, come spend money.' It's more like, come and experience other people's ideas here."

With Intuit Mailchimp, Nick and the small Silver Ventures team have built a storytelling-first email program that supports 3 distinct brand voices and a community of subscribers who want to be part of it.

The challenge: Email was an afterthought in a venue full of stories

When Nick joined Silver Ventures, the email infrastructure already existed but wasn't pulling its weight. The team sent emails to Pearl's subscribers about twice a month, with no automations and no consistent design strategy. Data came in from sources such as the OpenTable integration, but those new contacts often never received follow-up communications from Pearl.

There was also a strategic gap. Pearl's marketing skewed transactional when the destination's actual draw was the community of artists, chefs, ranchers, and makers behind it. Nick wanted to flip that but needed to build an email program that could surface those stories and keep the voice distinct across Pearl, Hotel Emma, and La Babia.

Nick’s approach started with finding the stories. He began identifying potential interview subjects across Pearl—those artists, makers, chefs, and ranchers who make it unique—and shaping email content around the conversations he had with them.

One of his first projects was the Cow Parade, an installation of 5 life-size ceramic cows painted by local artists. Nick and a teammate spent an afternoon at the property in the San Antonio heat, talking to each artist about what inspired their cow. It became the template for a monthly series.

He also rethought how Pearl talked to its audience. Instead of pushing event announcements and reservations, he wanted the emails to give people a sense of what was actually happening on site. He developed a question he kept asking his team: "What can get my parents here?"

His parents lived 30 minutes away. If a story or event couldn't get them off the couch, it probably wouldn't move anyone else.

“We've been telling stories since the caveman days, by the campfire. Mailchimp gives us the platform to bring those stories to our community every month. Anytime someone opens one of our emails, they know it's from us.”

- Nicholas Caballero, Email Marketing Manager, Silver Ventures

The tools: Advanced segmentation, Email Builder, and Analytics AI

Nick started with the visual foundation. Working with Silver Ventures' graphic designer, he built a set of branded templates natively in Mailchimp's Email Builder. The designer creates the layouts directly in the platform, then hands them off for Nick to fill with content. The result is a recognizable look for every Pearl send.

"Anytime you open it up, you know it's going to look like it's from Pearl," Nick says. "That's probably the most feedback I've received on this email marketing channel."

With the design framework in place, Nick turned to the moment that had been missing entirely: a welcoming. Subscribers were coming in from Pearl's website popup form, OpenTable reservations, and social media, but no one was greeting them.

Nick built a marketing automation flow that triggers an email for every new subscriber, no matter how they joined the list. The email opens with the story of Pearl as a 19th-century brewery turned mixed-use destination, then routes subscribers to Pearl's events calendar, where they can browse what's coming up and plan their own visit.

The same instinct shaped how Nick segmented the list. Using advanced segmentation, he organized Pearl's subscribers around their interests, whether they’re farmers market regulars, music venue attendees, hotel guests, or anything in between. In addition, he set up a VIP segment of Pearl's most engaged subscribers, identified using Mailchimp's auto-generated engagement segments. Each group hears about what's relevant to them instead of the full slate of Pearl programming.

"Trusting the consumer, honestly," Nick says of how Silver Ventures approaches email strategy. "Empowering them that they can make their own choices, like, 'Hey, if you want this type of information, click here. If you don't, that’s completely OK.”

For reporting, Nick recently started using Mailchimp's Analytics AI, a tool that lets him pull year-over-year performance data and audience reports without manually building queries. He says it saves him 2 hours each month when compiling reports for leadership and has become part of every marketing campaign.

The results: Emails subscribers look forward to reading

Silver Ventures' email program now reaches more than 108,000 subscribers across Pearl, Hotel Emma, and La Babia, with an average open rate of 28%, well above the industry benchmark for entertainment and hospitality. The number reflects a full year of storytelling content that subscribers consistently open and engage with.

  • 28%

    average email open rate

  • 53%

    open rate on welcome emails

  • 60%+

    open rates on VIP segment sends

The welcome automation Nick built has been especially effective at greeting new subscribers. The first email in the series posts a 53% open rate, which means more than half of new subscribers open Pearl's story on day one.

Segmentation has delivered the strongest engagement. Pearl's VIP segment, which is about 38,000 of its most engaged subscribers, consistently posts open rates above 60% on event-driven sends, including a recent Spurs watch party announcement and a monthly "what's happening at Pearl" roundup.

Nick is now in the pre-launch phase for La Babia, working with the brand team on how its voice should land in subscribers' inboxes. With the templates and automation framework already in place at Pearl, the foundation for the new brand is ready before its first send goes out.

Silver Ventures has also brought on a new team member focused on connecting email engagement to foot traffic across the destination. It’s the kind of data that gives Nick a clearer picture of how a subscriber's open rate turns into a real visit.

For Nick, the storytelling itself is what holds the program together.

"We've been telling stories since the caveman days, by the campfire," Nick says. "Mailchimp gives us the platform to bring those stories to our community every month. Anytime someone opens one of our emails, they know it's from us."

Reach the right audience with segmentation

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