{"id":22168,"date":"2019-04-24T09:16:19","date_gmt":"2019-04-24T16:16:19","guid":{"rendered":"https:\/\/archives.csusm.edu\/westcoastersd\/?p=22168"},"modified":"2019-04-24T09:16:27","modified_gmt":"2019-04-24T16:16:27","slug":"modern-times-completes-capital-raise-of-more-than-1-million","status":"publish","type":"post","link":"https:\/\/archives.csusm.edu\/westcoastersd\/2019\/04\/24\/modern-times-completes-capital-raise-of-more-than-1-million\/","title":{"rendered":"Modern Times completes capital raise of more than $1 million"},"content":{"rendered":"\n<p>Fans of Modern Times Beer were recently given the opportunity to invest in the Point Loma-based brewery, and they jumped at it; more than 75% of the \u201cfan equity\u201d was reserved before their <a href=\"https:\/\/wefunder.com\/modern.times.beer\">WeFunder page<\/a> went live on April 22. <\/p>\n\n\n\n<p>As of this morning, 1,679 investors had contributed $1,069,832 to Modern Times\u2019 expansion, with the company valuing itself at $264 million. The company is 30% employee-owned through an employee stock ownership plan (ESOP).<\/p>\n\n\n\n<p>For further analysis, see reporting by <a href=\"https:\/\/www.brewbound.com\/news\/valuing-itself-at-264-million-modern-times-seeks-1-million-via-wefunder\">Brewbound<\/a> and <a href=\"https:\/\/www.sandiegoreader.com\/news\/2019\/apr\/19\/beer-modern-times-beer-sells-shares-fans\/#\">San Diego Reader<\/a>, as well as a <a href=\"https:\/\/www.reddit.com\/r\/beer\/comments\/bepchv\/im_jacob_mckean_founder_ceo_of_modern_times_beer\/\">Reddit AMA<\/a> (&#8220;Ask Me Anything&#8221;) with company founder and CEO Jacob McKean.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fans of Modern Times Beer were recently given the opportunity to invest in the Point Loma-based brewery, and they jumped at it; more than 75% of the \u201cfan equity\u201d was reserved before their WeFunder page went live on April 22. As of this morning, 1,679 investors had contributed $1,069,832 to Modern Times\u2019 expansion, with the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":22169,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-22168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego-beer-beverage-news","8":"entry"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/archives.csusm.edu\/westcoastersd\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-24-at-9.11.47-AM.png?fit=1024%2C575&ssl=1","wps_subtitle":"","jetpack_shortlink":"https:\/\/wp.me\/pdtr4y-5Ly","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/posts\/22168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/comments?post=22168"}],"version-history":[{"count":0,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/posts\/22168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/media\/22169"}],"wp:attachment":[{"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/media?parent=22168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/categories?post=22168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archives.csusm.edu\/westcoastersd\/wp-json\/wp\/v2\/tags?post=22168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}