Speaking as someone who invests in early stage companies, never invest what you are not prepared to lose. That is literally constantly reinforced to you on every crowd investment platform.
Though saying that I can’t remember if Brewdog qualifeid for the UK’s Enterprise Investment Scheme (EIS), but if it did you can offset losses against your income tax.
Bughunter9001 on
“Man loses money in poorly researched investment” is news?
MetricDuckTon on
> Not all Equity for Punks investors were motivated by the chance of a windfall profit.
Some felt they were buying into a worthy cause and have been rewarded with friendships and freebies.
Beautiful cope, it brings a tear to my eye
etherswim on
This should not be news. Crowdfunding “investors” are owed nothing by the companies they invest in, it’s a risk that they were willing to take.
Professional-War9505 on
Used to work at a bar in Cardiff and this bloke used to come in every day after work, buy a couple of pints and stare lovingly at his leaflet/try and tell me about his brewdog investments. Remember thinking at the time… a fool (drunk) and his money… there was a stripclub he could have wasted his money at next door as well.
Express-Doughnut-562 on
I invested in Brewdog the first time around in 2009. I think it was about £200 and I’ve had more than that back in terms of free beer over the years. I think around 2017 that holding was technically worth north of £6k but there was no real way of realizing that.
Back then Brewdog was a genuinely exciting company. Sure, James Watt was always a twat but they genuinely did good for the beer scene in the UK. Back then most pubs would serve you fosters, a poorly kept real ale and maybe a Stella if you wanted something fancy. Brewdog were one of the leaders in taking good brews mainstream and helped spawn the hundreds of small craft breweries you see today.
Whilst most of their beers now have been enshittified over the years, their original brews were genuinely lovely.
Sadly with both Watt and Martin Dickie leaving its been run by a bunch of PE morons who are simply milking some money out of it where they can and eventually the rotting husk will be sold to someone else. Probably heineken for ultimate irony.
There are better beers out there now. But you can go to any shitty pub now and get a half decent pint of something interesting, and a big part of that is thanks to Brewdog. I’ve got a few bottles of their limited edition stuff somewhere. maybe I’ll pour one out when BD eventually tanks.
I’ll repeat a comment that I made a few weeks ago.
>The FCA should look into the company’s share holdings, the fact they allowed retail investors involved in that share structure should raise concern.
>They need to be more safeguards.
Selling shares to what amounts to the public which can be eroded and have almost no security shouldn’t be allowed. There are more safeguards for publicly listed companies and a lot more regulatory scrutiny, it seems wrong that it can be so easily bypassed by marketing to the public directly.
OkPea5819 on
Why on earth you’d buy ‘shares’ you can’t actually trade I have no idea.
But it’s been an avoid company for a while – scandals plus they are competing at bargain basement pricing because every real craft beer company does it better,
jack5624 on
If you are investing it is a risk and that is on them/me.
I invested in Brewdog about 10 years ago through Equity for Punks and I have no idea if it has made or lost money. I am disappointed they haven’t had an IPO so I can’t realise my investment yet. At the same time I’ve had 10 years of discounts at Brewdog and I wouldn’t be suppressed if it’s paid for itself.
PeriPeriTekken on
This country badly needs more investment in its companies in general.
Brewdog basically set up what was a members club, but did it under the language of shareholding and investment in order to milk a total of £75m out of retail investors.
Unfortunately the takeaway of a lot of people here is the very British “their fault for investing”. I think we’d all be better served by learning some lessons from this and improving protections for retail investors so this doesn’t happen again.
Private companies will always be a complex investment and I think there is fair debate on whether they will ever be appropriate investments for retail investors, but either we make such investments safer or we prevent companies marketing them to retail investors in a way that is inappropriate and clearly misleading.
Straight_Feed_2547 on
It’s a real shame to see what was once a genuine catalyst for the UK craft beer scene get hollowed out like this.
spyalien1 on
Never invest what you are not prepared to lose … literally rule number 1
MoHataMo_Gheansai on
As an aside, I love how ‘punk’ this statement is:
>In a statement issued on an online forum for Equity for Punk investors, current chief executive James Taylor confirmed that business consultants Alix Partners were reviewing the firm’s “strategic options” and “investment opportunities”.
>He added: “It remains business as usual across our bars, venues and breweries.
>”We remain fully committed to our customers, our crew, our partners – and to you, our Equity Punk community.
>”Your continued support is a fundamental part of Brewdog’s journey, and we will keep you updated as the process progresses.”
Bu7n57 on
IPAs are fucking stinking mate, you made a terrible choice here
GrandFace7791 on
Yes these people should have been smarter but I still feel for them.
Brewdog are in the basket of bad companies run by bad people (hello Ryanair). Best give them a wide birth
TellMeManyStories on
I think we need to change the rules on UK shares…
We should not allow ‘preferred shareholders’. All shareholders must be equal. If one shareholder is offered something (ie. to buy, sell, invest more), then other shareholders must be offered the same offer.
We should also scrutinize payment in shares. Ie. if the company chooses to ‘pay’ the CEO 1000 shares (effectively diluting everyone else’s position), that should be approved by a shareholder vote, with a court able to inspect the transaction if any shareholder deems it was done to dilute their holding with a wink and a nod by some shareholders in return for unwritten benefits rather than as legitimate compensation for work done.
17 commenti
Speaking as someone who invests in early stage companies, never invest what you are not prepared to lose. That is literally constantly reinforced to you on every crowd investment platform.
Though saying that I can’t remember if Brewdog qualifeid for the UK’s Enterprise Investment Scheme (EIS), but if it did you can offset losses against your income tax.
“Man loses money in poorly researched investment” is news?
> Not all Equity for Punks investors were motivated by the chance of a windfall profit.
Some felt they were buying into a worthy cause and have been rewarded with friendships and freebies.
Beautiful cope, it brings a tear to my eye
This should not be news. Crowdfunding “investors” are owed nothing by the companies they invest in, it’s a risk that they were willing to take.
Used to work at a bar in Cardiff and this bloke used to come in every day after work, buy a couple of pints and stare lovingly at his leaflet/try and tell me about his brewdog investments. Remember thinking at the time… a fool (drunk) and his money… there was a stripclub he could have wasted his money at next door as well.
I invested in Brewdog the first time around in 2009. I think it was about £200 and I’ve had more than that back in terms of free beer over the years. I think around 2017 that holding was technically worth north of £6k but there was no real way of realizing that.
Back then Brewdog was a genuinely exciting company. Sure, James Watt was always a twat but they genuinely did good for the beer scene in the UK. Back then most pubs would serve you fosters, a poorly kept real ale and maybe a Stella if you wanted something fancy. Brewdog were one of the leaders in taking good brews mainstream and helped spawn the hundreds of small craft breweries you see today.
Whilst most of their beers now have been enshittified over the years, their original brews were genuinely lovely.
Sadly with both Watt and Martin Dickie leaving its been run by a bunch of PE morons who are simply milking some money out of it where they can and eventually the rotting husk will be sold to someone else. Probably heineken for ultimate irony.
There are better beers out there now. But you can go to any shitty pub now and get a half decent pint of something interesting, and a big part of that is thanks to Brewdog. I’ve got a few bottles of their limited edition stuff somewhere. maybe I’ll pour one out when BD eventually tanks.
[https://www.theguardian.com/lifeandstyle/ng-interactive/2016/feb/20/stephen-collins-on-craft-beer-cartoon](https://www.theguardian.com/lifeandstyle/ng-interactive/2016/feb/20/stephen-collins-on-craft-beer-cartoon)
[https://www.youtube.com/watch?v=-wP3BjTdogY](https://www.youtube.com/watch?v=-wP3BjTdogY)
I’ll repeat a comment that I made a few weeks ago.
>The FCA should look into the company’s share holdings, the fact they allowed retail investors involved in that share structure should raise concern.
>They need to be more safeguards.
Selling shares to what amounts to the public which can be eroded and have almost no security shouldn’t be allowed. There are more safeguards for publicly listed companies and a lot more regulatory scrutiny, it seems wrong that it can be so easily bypassed by marketing to the public directly.
Why on earth you’d buy ‘shares’ you can’t actually trade I have no idea.
But it’s been an avoid company for a while – scandals plus they are competing at bargain basement pricing because every real craft beer company does it better,
If you are investing it is a risk and that is on them/me.
I invested in Brewdog about 10 years ago through Equity for Punks and I have no idea if it has made or lost money. I am disappointed they haven’t had an IPO so I can’t realise my investment yet. At the same time I’ve had 10 years of discounts at Brewdog and I wouldn’t be suppressed if it’s paid for itself.
This country badly needs more investment in its companies in general.
Brewdog basically set up what was a members club, but did it under the language of shareholding and investment in order to milk a total of £75m out of retail investors.
Unfortunately the takeaway of a lot of people here is the very British “their fault for investing”. I think we’d all be better served by learning some lessons from this and improving protections for retail investors so this doesn’t happen again.
Private companies will always be a complex investment and I think there is fair debate on whether they will ever be appropriate investments for retail investors, but either we make such investments safer or we prevent companies marketing them to retail investors in a way that is inappropriate and clearly misleading.
It’s a real shame to see what was once a genuine catalyst for the UK craft beer scene get hollowed out like this.
Never invest what you are not prepared to lose … literally rule number 1
As an aside, I love how ‘punk’ this statement is:
>In a statement issued on an online forum for Equity for Punk investors, current chief executive James Taylor confirmed that business consultants Alix Partners were reviewing the firm’s “strategic options” and “investment opportunities”.
>He added: “It remains business as usual across our bars, venues and breweries.
>”We remain fully committed to our customers, our crew, our partners – and to you, our Equity Punk community.
>”Your continued support is a fundamental part of Brewdog’s journey, and we will keep you updated as the process progresses.”
IPAs are fucking stinking mate, you made a terrible choice here
Yes these people should have been smarter but I still feel for them.
Brewdog are in the basket of bad companies run by bad people (hello Ryanair). Best give them a wide birth
I think we need to change the rules on UK shares…
We should not allow ‘preferred shareholders’. All shareholders must be equal. If one shareholder is offered something (ie. to buy, sell, invest more), then other shareholders must be offered the same offer.
We should also scrutinize payment in shares. Ie. if the company chooses to ‘pay’ the CEO 1000 shares (effectively diluting everyone else’s position), that should be approved by a shareholder vote, with a court able to inspect the transaction if any shareholder deems it was done to dilute their holding with a wink and a nod by some shareholders in return for unwritten benefits rather than as legitimate compensation for work done.