Meridian Hive

Meridian Hive

We make the best mead on the planet!

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Security Type
Convertible Note
Categories
Other
Min Investment
$500
Location
Austin, TX
Offering Date
September 28, 2018
Expected Close Date
March 26, 2019
Target Raise
$1.00M
Deal Notes

Custom Convertible Note

$7.5Mvaluation cap

6%interest

20%discount

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $7.5M in the future.

Company Description

Meridian Hive is a meadery based in Austin Texas. As a leader in modern mead, we've been in business for five years and bring the world the best draft and still meads on the planet.

Perks

$1,000+
Receive a Meridian Hive Launch Team Member T-shirt, shipped anywhere in the U.S.

$5,000+
1 year mead club membership - specialty subscription

$10,000+
2 year mead club membership - specialty subscription

$25,000+
lifetime mead club membership - specialty subscription and a night on the town with Mike the Mead Master. Experience Austin in a way that few humans have - narrated by a true mad scientist and all around loveable guy.

Use of Proceeds

If we raise: $200,000

40% toward experience new hires, 30% toward Marketing and Distributor support, 25% toward production improvements, 5% towards Wefunder intermediary fee

 

If we raise: $1,000,000

30% toward new experienced hires, 30% on Marketing and Distributor Support, 30% toward new Austin Tasting Room, 5% for production improvements, and 5% towards Wefunder intermediary fee

Management Team / Advisory Board Bios

Cayce Rivers - Chief Executive Officer
20 years of strong leadership and a proven ability to create and turn a shared vision into reality.

Eric Lowe - Co-Founder + Director of Operations
Over a decade of experience innovating and crafting mead, beer, wine and spirits (part-time)

Mike Simmons - Co-Founder + Head Meadmaker
Only person to ever win four gold medals in a single year at The Mazer Cup (part-time)

Deal Notes

Custom Convertible Note

$7.5Mvaluation cap

6%interest

20%discount

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $7.5M in the future.

Amount Raised : $239,250
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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