Venice Duck Brewery
Early Stage
Craft beer company
Overview
Raised: $7,060
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/25/2023
Close Date
03/29/2024
Min. Goal
$10,000
Max. Goal
$300,000
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$5,700,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$23
Momentum
Funded
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Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Venice Duck Brewery, with a valuation of $5.7 million, is raising funds on NetCapital. The craft brewery is located in Los Angeles, California, and distributes its beer through bars, restaurants, and liquor stores across California. The beer portfolio of Venice Duck Brewery includes Hard Seltzers, Agave Blonde, India Pale Ale, and Brown Hemp Ale, and it plans to add more to the portfolio. Christian Warren and John Henry Binder founded Venice Duck Brewery in May 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $300,000. The campaign proceeds will be used for beer inventory, cans, mobile marketing kits, sales team, social media, and legal expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$335 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,734 |
$-1,405 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$63 |
$63 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$63 |
$398 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$99,008 |
$91,528 |
|
Total Liabilities |
$99,008 |
$91,528 |
Financials as of: 05/25/2023
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