CCTP002: Locavesting on Successful Exits

with Amy Cortese, Scott Wise and Ryan Flynn

CCTP002: Locavesting on Successful Exits

with Amy Cortese, Scott Wise and Ryan Flynn

[2:00]

A Crowdfunding Exit

Scotty’s Brewhouse in Indiana has become the first intrastate crowdfunding exit.

“After raising money through Indiana’s intrastate crowdfunding exemption in 2014, Scotty’s Brewhouse, a chain of 18 brewpubs founded 20 years ago, recently agreed to be acquired by a private equity firm for an undisclosed sum. Scotty’s raised just a small amount of its total funding over the years through crowdfunding. And the offering, on Localstake, was a revenue-sharing deal— a loan with variable interest payments—so the investors did not have an equity stake in the company. Still, it is one of the rare “exits” for the young but growing crowdfunding field.” A Crowdfunding Exit in Indiana as Scotty’s Brewhouse is AcquiredLocavesting, March, 2017

Join host Amy Cortese as she discusses this exciting development in the crowdfunding movement with Scott Wise and Ryan Flynn.

In this episode you’ll learn:

  • The history of Scotty’s Brewhouse and all the bumps in the road
  • His unique model for franchising his brand while retaining the integrity of his original vision
  • How ethics have driven his organization and helped him grow across the region
  • Why he used an equity crowdfunding raise to remodel one of his locations.
  • The experiences and insights gleaned from the successful capital raise.

“I thought ‘If I do this right, and I publicize it to all my friends and family and followers and all these different people that are out there, how many people would become my most loyal raving fans because they own a piece of Scotty’s’

Scott Wise

Provocateur 

Amy Cortese, Founder of Locavesting

Guest

Scott Wise, Founder of Scotty’s Brewhouse

Ryan Flynn, Founder of Localstake

 

Are you in?

Meet us at ComCap17 in Monterey, CA

Interested in bringing capital back to your community?

Are you in?

Meet us at ComCap17 in Monterey, CA

Interested in bringing capital back to your community?