CraftFund founder David Dupee will talk about a brand new crowdfunding law at this year’s Craft Brewers Conference to be held in Portland, OR. The new law is part of the 2012 JOBS Act that amends Regulation A, a little used exemption in securities laws. Beginning in June breweries will be able to advertise and seek up to $50M in equity investments from customers and craft beer lovers nationwide similar to what BrewDog pioneered in the UK through its “Equity for Punks” campaigns.
In addition to explaining the details of the new law and what kinds of breweries it is best suited for, Dupee will discuss other existing ways for brewers to source capital online, including the increasing number of state crowdfunding laws. CraftFund is at the forefront of these innovative laws having been closely involved in passing Wisconsin’s crowdfunding law. Craftfund recently helped MobCraft Beer, an award winning Madison craft brewery, conduct one of the first equity crowdfunding campaigns in the country. The MobCraft campaign received over $75,000 in initial equity pledges from 57 Wisconsin residents and customers, topping the Kickstarter brewery rewards crowdfunding record.
The presentation is part of a sponsored panel discussion entitled “Cash is King: How to Successfully Raise Capital” scheduled for 11:00 am on Thursday, April 16. Other panelists include attorney Ryan Schildkraut (Winthrop & Weinstine) and CPA Kevin O’Brien (Irvine & Company).