Yaaay! A crowdfunding success story! At last.
Brewdogs, a microbrewery that actually started in a garage and crowdfunded equity is seeing a payday for its investors.
The so-called “Equity Punks” will be able to sell when TSG Consumer Partners, a private equity firm, takes a 22% interest in the brewery valuing it at $1 Billion.
Now numbering at about 50,000, the beer drinking Punks will see a return of over 177% on their investment while the initial group of crowdfunders can count on about a 2,800 return.
An outlier to be sure, but a nice story.