Tag Archives: kickstarter

Crowdfunding a brewery

Another week, another brewery, another crowdfunding campaign.

It seems like not a week goes by without hearing about a new brewery in planning and the launch of their crowdfunding campaign. Don’t misunderstand me, I have absolutely nothing against new businesses taking advantage all the tools at their disposal. But, it seems like there is an extremely close relationship to startup breweries and crowdfunding sites like indeigogo, kickstarter, or Razoo.

One cannot blame these new companies for trying to entice people to kick in a few bucks. Starting a new brewery can be very cash intensive. And the truth is these creative funding sources work more often than not. Recent success stories include BauHaus BrewLabs, Sisyphus Brewing, and Hayes’ Public House.

There is even a company called Crowd Brewed that focuses on crowdsourced brewery investors. Crowd Brewed lets you buy a small slice of the company pie with a chance to see a return on a long term brewery investment.

To most breweries crowdfunding is more than just than some additional funding. Along with these campaigns comes added benefit of media exposure and word of mouth advertising. Breweries like BauHaus and Sisyphus have made it clear that their crowdfunding campaigns were to enhance their business plans with added value like patios and art. They added to their business plans instead of making crowdfunding a critical part of their business plan.

My only real concern with crowdfunding a brewery is with the campaigns that really need the money to get off the ground. The craft beer market is getting more crowded by the day. If a new brewery is underfunded or ill-prepared from the outset, the odds of successfully navigating all the remaining challenges faced by a small brewery are slim.

Kinney Creek looks to “Fire up the Brewery” with Kickstarter

I have always wondered why nobody has ever started a brewery in the beautiful “untapped” market of Rochester, MN. I always figured that with plenty of people and lots of restaurants, a local brewery would fit in nicely in Rochester. Well, it looks like that day might finally be coming.

Donovan Sietz is starting Kinney Creek Brewery in the town that Mayo built. But, starting a brewery is not cheap, so he is looking to the community to contribute to his kickstarter campaign. Brewery Kickstarters make sense, right? If you want some locally brewed beer, you can throw a little money that way and help make sure it happens.

Kickstarter fundraisers are becoming the “it” way to raise money for local breweries. Bemidji Brewing had great success, so did Lucid Brewing, and Hayes Public House has almost reached its $5,000 goal.

Check out the info below on the rewards. They have cool stuff like coozies, growlers, and special brews. These rewards are all very nice, but getting to taste Kinney Creek brews like Mega Mocha Stout, Smoked Porter, and Honey Blonde will be the best reward of all.

1016 7th St NW
Rochester, Minnesota 55901
@KinneyCreekBrew
http://www.kinneycreekbrewery.com/