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Security Type
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Crowd Note
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Categories
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Other
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Min Investment
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$249
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Location
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Pleasant Grove, UT
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Offering Date
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October 15, 2019
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Expected Close Date
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July 12, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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$2.42 per share
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Valuation
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$7,504,410
Company Description
Clear Water Distilling Co. produces handcrafted premium spirits inspired by the inner rebel in each of us. Built with a passion for great taste, we incorporate different distilling methods, high quality yeast and unique ingredients to create the best tasting liquor and experience that consumers have come to expect.
Perks
$250+ :: Clear Water Distilling Sticker (Unique to Investors)
$500+ :: 2 Clear Water Distilling Glasses (Unique to Investors)
$5,000+ :: Private Tour Invitation, Choice of Embroidered New Era Cap or Embroidered Ogio Polo
$10,000+ :: Opening Gala Invitation for 2 (Invitation-Only Party, Press will Attend) ~Q1 2020
$25,000+ :: Opportunity to buy one of the first 100 signed and numbered bottles.
$50,000+ :: A personal and customized experience of our mutual choosing. (custom run, personalized tasting experience, etc)
All levels also get swag from lower levels.
Key Deal Facts
The US craft spirits market is expected to reach revenues of more than $20 billion by 2023, growing at an impressive CAGR of over 32% during 2018-2023
With a team composed of Industry veterans, overall business veterans, and dripping with grit, Clear Water is poised to take their knowledge, experience and drive to build a global player in the craft spirits industry
Clear Water Distilling is laser focused on producing new and innovative products to revolutionize and highly disrupt the spirits industry. Much like the craft beer industry, Clear Water will produce never before thought of recipes that the larger producers will struggle to keep up with
Use of Proceeds
StartEngine Platform Fees, Buildout, Legal Fees/Professional Services, Equipment, Operations, Marketing, Inventory, Company Employment
Management Team / Advisory Board Bios
Matt Eau Claire
CEO / Manager/ Godfather
Led Multiple multi-million dollar projects. Nearly 25 years of business experience.
James Pyle
Operations / Doer of Things
Day to day operations. You only have to ask once and James get it done.
Stephanie Eau Claire
Accounting / PMO / Mother hen
Head of customer experience. Organizational Lead and glue for the team.
Adam Opalek
Sales Advisor
Former head of Western sales at High West Distillery. With High West from $0 to being sold for $160 Million.
Factory 6
Marketing Partner
15+ years of experience. Award-winning design and brand strategy
Amount Raised
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$1,069,795
Reveal the Score by Voting
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.
