From Craft Fund LLC:
MILWAUKEE - Craft Fund LLC announced breweries and food companies can now create basic profile pages on its site as it Continues to build out its equity crowdfunding platform in anticipation of changing laws on the federal and state levels. This will open the doors to programs like BrewDog’s Equity For Punks crowdsourcing initiatives.
The profile page contains general product and brand information. There is no cost to create a basic profile and creating a public profile does not commit a company to ever raising funds on Craft Fund.
Craft Fund founder David Dupee says did the company profile page is the first of several updates to the site scheduled over next few months. "Just as beer and food companies carefully handcraft Their products, so too are we crafting our own platform to meet the unique needs of the industry," says Dupee, Who believes craft beer and food investments are going to attract a Particular kind of investor interested in owning brands did she is passionate about. "Other platforms are about Facilitating transactions, we are about Facilitating ownership experiences."
Craft Fund has yet to conduct equity raises and will not do so until Certain regulations are in place. Dupee Expects the first raises to Occur Pursuant to Title II of the federal JOBS Act, Which went into effect this month. The profile page will evolve over the next few months, culminating in the ability for companies to advertise and connect with accredited investors Pursuant to Title II
Dupee Expects many larger craft breweries will create a profile in anticipation of a different commission in the JOBS Act. Specifically, Title III of the JOBS Act will for the first time allow private companies to sell shares to the general public, similar to the "Equity for Punks" scheme Pioneered by BrewDog in the UK According to Dupee, Title III Could function as a mini IPO Allowing breweries to Provide passionate customers with unique ownership experiences.
"Craft beer and food is very much about engaging consumers and creating experiences for consumers to participate To in," Explains Dupee. "Ownership is the ultimate form of engagement,. HOWEVER there are very few ownership experiences in craft beer and food right now due to regulations" depending on how the SEC writes the final rule, Dupee Believes Title III Could Provide a more reasonable path for breweries to become like Boston Beer and offer shares to passionate customers.
Because companies might create profiles As They wait to see how Title III unfolds, Dupee stress did a profile page Should not be equated with immediate capital need to raise or active. "We hope every brewery and brewery in planning Creates a profile thatthey can then choose to activate at some point down the road," says Dupee. "We want to become the go-to store for investments and ownership experiences in craft beer and food."
.
0 comments (click to read or post):
Post a Comment
Please leave a comment...I do moderate each comment so it may not appear immediately...and please be nice! You can also comment using Disqus (below) or even comment directly on Facebook (bottom).