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Do you like burritos?

  • Yes but I'm anti adjuncts

    Votes: 0 0.0%

  • Total voters
    48
Anyone inclined to copy and paste the email? Or share the wefunder link? Is the employee ownership transition not going well? Is this an attempt at getting it back on track?
Sounds like they just want more capital to continue to expand, but don't want to get in the pockets of big beer, etc. Taking smaller investments from people like us is more akin to the employee-owned mantra that they already have.
 
Sounds like they just want more capital to continue to expand, but don't want to get in the pockets of big beer, etc. Taking smaller investments from people like us is more akin to the employee-owned mantra that they already have.

I'm guessing that expansion they are working on right now is costly. Wasn't there a shady hotel/apartments there that got demolished?
 
We are tremendously proud of what we've built at Modern Times over the last six years. We've become a multi-state juggernaut in our industry, with production north of 68,000 barrels in 2018—over 800% of what we’d initially projected to produce in our 5th year, which is, to use a technical term, bonkers. In short, we've reached a scale that requires a new approach, and—rather than involve traditional private equity or other large investors—we’re choosing to give our fans a chance to invest in the company that they’ve done so much to help build.

We're super excited about crowd equity, for a couple reasons. Firstly, we can't think of a better long-term, sustainable business model than a brewery owned by its employees and fans, both of whom already play critical roles in shaping our beer, coffee, and company culture. Giving our fans—who already champion the brewery, frequent its establishments, and cheerlead its efforts—a chance to share in the potential upside of the company’s success seems like both a rad thing to do and a chance to have the most pro-active, engaged investor group on the planet.

Given our current structure, it’s also important to note that this new equity raise will actually accelerate our progress toward an increased percentage of employee-ownership. We anticipate that the added capital and anticipated growth from the use of capital that will allow us to advance the timeline of buying back shares for our employee-owners, while simultaneously growing the company. We also project that it will make our beer, coffee, and food more delicious, more available, and allow us to unleash the full potential of our visual magicians in creating some eye-poppingly luxurious environments in which to serve them. In short: This isn’t even our final form.

As a first step in this project, we're going to be launching what's called a Regulation CF Raise on the WeFunder platform, potentially followed by a more substantial capital raise later this year. We can only accept up to $1,070,00 under Regulation CF, but we may accept additional funds under other securities law exemptions related to accredited investors. You can reserve shares starting right now, but the campaign goes live at 5pm PST/8pm EST on 4/22/19 on our WeFunder page. We are immensely excited for this next step, and hope that our fans and friends will join us on the next leg of this already-epic adventure.

If you have any questions, our Founder/CEO Jacob Mckean will be doing an AMA on the League Facebook page today at 2pm.

That's it for now. We're beyond stoked to be a part of this new crowd-funded environment soon, and can’t wait to see where it takes us. This **** is going to be wild.

The Link: https://wefunder.com/moderntimesbeer?mc_cid=c0b0e22db3&mc_eid=14aaeb1d3e
Surprised they didn't just link directly to Equity for Punks
 
I read that entire thing. I have absolutely no idea what any of it means.
Basically that you're giving them money with no promise of any kind of return. You'll get no dividends and there's no market to sell your shares. They're not regulated by the rules and agencies that regulate stocks, and you are totally putting your faith into them giving you some kind of return even though it's not promised or in any way suggested how it could conceivably happen. Also, they just borrowed $17 million from two banks but need more.

I like MT a lot, think they'll probably continue to be successful, have some money to invest and wouldn't mind investing in the right brewery with the right terms, but this seems like a cockstaggering leap of faith.
 
Basically that you're giving them money with no promise of any kind of return. You'll get no dividends and there's no market to sell your shares. They're not regulated by the rules and agencies that regulate stocks, and you are totally putting your faith into them giving you some kind of return even though it's not promised or in any way suggested how it could conceivably happen. Also, they just borrowed $17 million from two banks but need more.

I like MT a lot, think they'll probably continue to be successful, have some money to invest and wouldn't mind investing in the right brewery with the right terms, but this seems like a cockstaggering leap of faith.
I came to the exact same conclusion. It's a great way for them to build in brand loyalty while getting paid to do it.
 
Basically that you're giving them money with no promise of any kind of return. You'll get no dividends and there's no market to sell your shares. They're not regulated by the rules and agencies that regulate stocks, and you are totally putting your faith into them giving you some kind of return even though it's not promised or in any way suggested how it could conceivably happen. Also, they just borrowed $17 million from two banks but need more.

I like MT a lot, think they'll probably continue to be successful, have some money to invest and wouldn't mind investing in the right brewery with the right terms, but this seems like a cockstaggering leap of faith.
In the same week (day?) as the Ballast Point news, too. I just don't think becoming a national brand is realistic for most breweries. Maybe they're just trying to open a few more pubs and expand to a few more states, but I wouldn't be surprised if national is the ultimate goal. I hope they stay open because I like their beers, but I also hope they don't blow their wad here and end up really regretting it in a few years.
 
In the same week (day?) as the Ballast Point news, too. I just don't think becoming a national brand is realistic for most breweries. Maybe they're just trying to open a few more pubs and expand to a few more states, but I wouldn't be surprised if national is the ultimate goal. I hope they stay open because I like their beers, but I also hope they don't blow their wad here and end up really regretting it in a few years.
Directly from the WeFunder page:
Is geographic expansion part of your future plans?

I think we have a lot of headroom left in the states we’re in. There are segments of the business-to-business world that we haven't even started to hit, like C-stores (convenience stores.) It’s not the sexiest business, but it's high volume. We intend to enter Colorado at some point in the not too distant future, though. It's the most obvious state for us in a lot of ways that we have yet to tackle.

At this point, we really have no ambition of being a 50-state brand. I don't think that model is working as well as it used to. But both from a wholesale and a retail standpoint, I think we really see ourselves as focusing on Western states for now. California, Oregon, Washington, Arizona, Utah, Nevada, Hawaii and Idaho.
 
Directly from the WeFunder page:

At this point, we really have no ambition of being a 50-state brand. I don't think that model is working as well as it used to.

Nice to see MT acknowledge this. Deschutes' plan to do so has really backfired on them. People seem more interested in buying something local or regionally near them.
 
Basically that you're giving them money with no promise of any kind of return. You'll get no dividends and there's no market to sell your shares. They're not regulated by the rules and agencies that regulate stocks, and you are totally putting your faith into them giving you some kind of return even though it's not promised or in any way suggested how it could conceivably happen. Also, they just borrowed $17 million from two banks but need more.

I like MT a lot, think they'll probably continue to be successful, have some money to invest and wouldn't mind investing in the right brewery with the right terms, but this seems like a cockstaggering leap of faith.

I also read it as a way for them to give more shares to their employees. Basically subsidizing their employee-owner goals. Which in itself would devalue the shares?
 
May 2019 Preview Tasting

Assorted Notes:
1) Jacob and Andrew were hosting tonight as Steven was in OC and Leanne was in LA. It seems like there were far fewer questions than usual - I'm a bit surprised people didn't take advantage of Jacob's presence to ask about upcoming projects, the WeFunder campaign, or any other number of topics. All the same, it's always great to see him rotating in for these tastings and hear his insight on the beers and assorted other thoughts.

2) The Festival of Funk is 05/25 and GA tickets are still on sale. Andrew revealed that the League kegs will be an ultra-fruited series of sours called Jam Sessions and the Theory beer will be a choco taco stout, which should be a damn good palate cleanser. There will also be some special slushies, which should be lovely with an outdoor venue and potentially warm weather. They also talked about the DJ a bit, but considering he or she likely won't be spinning any Swedish death metal, nor Polish black metal - or any other European metal of any nationality - I didn't pay close attention to that part.

3) The sixth-anniversary party will be on July 6th. Perfect timing to either be fully recovered from 4th of July festivities or really hitting your stride on a nice little bender. Some of us are elegant, some of us are partygoers - I'm not going to judge.

4) Tiger Millionaire was just packaged and sounds nuts, considering it was dry hopped at a rate of 8 lbs per barrel. That's not including hot-side hops, that's only dry hopping. I imagine the Modern Times accounting department goes home and cries themselves to sleep when they see the sort of stuff the Special Projects team comes up with.

5) In a similar vein, Gravity Hammer was fruited at a rate of 4 lbs per gallon. Not barrel, gallon. Far and away the most fruit they've used in a kettle sour, and quite frankly, absurd.

6) The May release also features an included bottle - Dragon Mask Aged in Rye Barrels w/ Vanilla. Andrew said that the barrels are Templeton Rye, and while he didn't give the exact amount of vanilla they used, he said it's one of the highest adjuncting rates they've done. I'm going to go out on a limb and say that should taste pretty good.

Tasting Notes:
1) Telesto
Style: Hazy IPA
Score: 4 (4.1ish)
Notes: This is the distro seasonal for May/June, not a part of the upcoming sale, but was included as part of tonight's preview tasting. As Jacob so eloquently said - if you're not drinking this, what are you even doing with your life? A bit of a digression here, but it's worth noting - Modern Times' distro haze is as good as it gets. Does it compare to DDH MT5? No, but it's also half the price and available everywhere. Dreamspeaker was a damn good option, and I think Telesto is even better. If there's a better value in the hazy IPA space that's as readily available, I'd love to hear about it. Anyway...the nose on this is an absolute fruit bomb, with papaya, pineapple, orange zest, sweet Clementines, light pine resin, and stone fruit esters wafting around in the background. The flavor largely follows, although there's an initial wave of dankness that quickly moves into bold orange zest, pineapple, mango, and a tropical finish. The mouthfeel is slightly soft, although drier than Dreamspeaker, and ultimately comes off as more drinkable thanks to the lack of sweetness.

2) Countermagic
Style: Hazy IPA
Score: Read the notes
Notes: Preface - I don't like Enigma hops. No beer featuring them has managed to change my opinion, hence not providing a score (unless you're friends with me on Untappd, in which case you can see for yourself). There's nothing structurally flawed with this beer, so if you don't have the same disdain for Enigma, you'll likely enjoy it. Both Countermagic batch one and Detect Evil are two of the least objectionable uses of Enigma I've had, so MT is doing more with it than almost anyone else. On to the beer itself - this batch was brewed in PDX and Andrew said they dialed back the amount of Enigma that was used compared to batch one, as well as tweaking the grain bill a bit. The aroma opens with touches of offputting dankness and earthiness, before moving into a big mango and guava character with sweet nectarine in the background. The palate opens with more of that earthy dankness than was present on the nose, giving way to tropical fruit, faint pine sap, and a light bitterness on the backend. The mouthfeel isn't dry but tends a bit more to the slicker end of things than pillowy softness. I'm curious to hear what others say about this one, and if there are positive reactions, you probably want to listen to them over my thoughts since I'm an admitted Enigma hater. Seriously, at the risk of sounding like a shill or apologist, let me repeat - I don't like Enigma hops. I'm glad my tasting notes tend to be helpful, but I was torn as to whether I should even review the beer. Hopefully, I've given enough disclaimers about my feelings on Enigma that others will chime in.

3) Monsters' Park Aged in Bourbon Barrels: Espresso Macaroon Edition
Style: BBA Imperial Stout w/ Coconut & Coffee
Score: 4.75
Notes: If you were at the Carnival of Caffeination, you almost certainly tasted the original version of this beer, and as such, are hyped for the scaled-up batch. In typical Modern Times fashion, they didn't screw around - 300 pounds of toasted coconut, and a blend of Guardian Spirit and Idea Machine coffees at a rate of 4 lbs per barrel, which is a metric **** ton of coffee. The first whiff erases any doubt as to whether it lives up to its name - rich, moist macaroon that has soaked in an espresso shot leaps out of the glass. Massive coconut and bold espresso with a moderate roast profile - devoid of the sourness that some third-wave roasters have - meld beautifully with dark chocolate, barrel-derived vanilla and marshmallow, and hints of bourbon. Freshly pulled espresso hits the tongue first, joined quickly by semisweet chocolate and a huge wave of coconut and supporting vanilla that envelop the palate. The body isn't particularly thick, but being a bit light on its feet works beautifully for a treatment inspired by a lighter dessert like a macaroon. Tip for those playing at home - let it warm up. If you're not sure you've let it warm enough before drinking it, give it five more minutes. It's good cold but truly sings once it warms.

4) Modem Tones Aged in Cognac Barrels w/ Figs, Cocoa, & Vanilla
Style: BA Imperial Stout w/ Figs, Cocoa, & Vanilla
Score: 4.5 (4.6ish)
Notes: After a nice, long rest in Cognac barrels, they hit this batch with dried California figs at a rate of 8.5 pounds per barrel, Peruvian cocoa nibs from local chocolatier Nibble, and a blend of Madagascan and Mexican vanilla. The nose features a huge blast of fig and Cognac upfront, mixing in a whirlwind of dark fruits, followed by massive vanilla and marshmallow, along with robust cocoa and touches of oak. As it warms, the marshmallow pops even harder and really provides a strong counterpoint to the barrel and figs, while cocoa works in a supporting role to balance the sweeter sides of the aroma. The flavor leans a bit more to a boozy, stewed fig than straight up cognac, along with rich semisweet chocolate and moderate but balanced vanilla, with far less of the marshmallow character than the nose indicates. I'm a big fan of the constituent elements here, but I think it can come together just a bit more than it already has. Where Modem Tones: Date Shake Edition was fully integrated into a Voltron of deliciousness that far exceeded the sum of its parts, this still has some discrete sections to it. Even in its current form, it's a killer beer, but I think just a bit more time will do it well.

5) New Atlantis w/ Blackcurrant
Style: Red Wine BA Sour Saison Blend w/ Blackcurrant
Score: 4.25 (4.35ish)
Notes: The first pilot edition of this went on draft over a year ago, and various versions have been featured in the tasting room off and on since then, but the batch that hit bottles is a real treat. Hints of funk waft out of the glass first, followed by rich vinous notes, blackberries, currants, moderate acidity, and backing oak with faint vanilla. A relatively soft wave of acidity rolls across the tongue followed by rich fruit - more currant than blackberry, but still featuring a robust red wine note - coupled with oaky structure and light funk. The restrained acidity is beautiful to see, as it really lets the fruit shine. I feel like my palate might have been a bit rough after two 14% ABV stouts, so I might even be underselling this one just a bit. I'm definitely looking forward to sitting down with a bottle and letting it open up over the course of an hour.
 
So bummed I can never make the anniversary parties as I always go up north for the 4th. That and black house black friday as I am always home for Thanksgiving. Maybe one of these years it will work out!
 
So bummed I can never make the anniversary parties as I always go up north for the 4th. That and black house black friday as I am always home for Thanksgiving. Maybe one of these years it will work out!

It's always a dicey weekend, for sure. Going to try and discourage any family plans that week to make it as it's always my favorite MT event of the year. Absurd beers being poured, outdoors, smaller crowd. Checks all the boxes for me!
 
It's always a dicey weekend, for sure. Going to try and discourage any family plans that week to make it as it's always my favorite MT event of the year. Absurd beers being poured, outdoors, smaller crowd. Checks all the boxes for me!
I know it looks so amazing every year! Modern times loves their holiday weekend events I guess haha.
 
Anniversary July 6th, hmmm.

Is it held at multiple locations / times? Or is it too early too guess.
 
I'd love to see how much they could have charged before people wouldn't have felt obligated to max without even tasting... especially when they do give the opportunity to try before you buy.
 
What in the Lost Abbey is going on at MT?
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As a "lowly" longtime Leaguer, I'll be more than happy to take one off your hands at cost (and thank you beer). ;)
Haha, selling one to a friend (at cost of course) and will probably trade the other for bourbon. One already went for a Pappy 15, though I think that's an outlier.
 

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