{"data":{"type":"company_profile","id":108644,"entity_id":"wefunder:company:108644","attributes":{"canonical_url":"https://wefunder.com/drinknectar","generated_at":"2026-06-09T02:39:52Z","updated_at":"2026-06-08T05:00:58Z","entity_ids":{"company":"wefunder:company:108644","slug":"wefunder:company_slug:drinknectar"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-09T02:39:52Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-08T05:00:58Z","as_of":"2026-06-09T02:39:52Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-08T05:00:58Z","as_of":"2026-06-09T02:39:52Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-09T02:39:52Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-09T02:39:52Z","confidence":"medium"}}},"company":{"id":108644,"entity_id":"wefunder:company:108644","slug":"drinknectar","name":"Nectar","tagline":"The Modern Asian Alcohol Company. \r\n\r\nBeyond Tradition\r\n","location":"Los Angeles, CA","website":"https://nectarhardseltzer.com","total_amount_raised":684738,"total_investors":801,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/drinknectar","https://nectarhardseltzer.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/108644/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/108644/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/108644/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/108644/standard_blob.jpg"},"links":{"company_url":"https://nectarhardseltzer.com","linkedin_url":"https://linkedin.com/company/nectar-hard-seltzer/","facebook_url":"https://facebook.com/nectarhardseltzer/","instagram_url":"https://www.instagram.com/nectarhardseltzer/","tiktok_url":"https://tiktok.com/@nectarseltzer?lang=en"},"highlights":[{"id":62781,"name":"venture_backed","url":"venturebacked","presentable_name":"VC-Backed","description":"Raised $250K or more from a venture firm","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"},{"id":75586,"name":"5m_plus_revenue","url":"5mplusrevenue","presentable_name":"$5M+ Revenue","description":"Earned over the last 12 months","image_url":"https://uploads.wefunder.com/2021/profile-highlights-up-arrow.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"In New retailers: NECTAR is #1 best selling new hard seltzer in RALPHS and #3 in FRED MEYER"},{"index":2,"claim_id":"claim-fact-2","value":"In Existing retailers: NECTAR is #2 hard seltzer at HEB, #5 at TOTAL WINE, and #4 at SAFEWAY."},{"index":3,"claim_id":"claim-fact-3","value":"1,700,000+ members in our community"},{"index":4,"claim_id":"claim-fact-4","value":"120% avg Year over Year growth since 2021"},{"index":5,"claim_id":"claim-fact-5","value":"Over 800,000,000 organic views across the Nectar Media Company (including UTI podcast)."},{"index":6,"claim_id":"claim-fact-6","value":"Carried in 2,100 stores, across 7 states"},{"index":7,"claim_id":"claim-fact-7","value":"Over 8,000,000 cans sold (as of April 2024)"},{"index":8,"claim_id":"claim-fact-8","value":"$500,000 raised in just 2 weeks from 550+ investors."}],"team":[{"id":2465958,"entity_id":"wefunder:company_role:2465958","user_entity_id":"wefunder:user:2535510","role":"founder","name":"Jeremy Kim","title":"Cofounder + CEO","bio":"Jeremy spent 6 years in the music industry working with multi-platinum artists. 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What no one has seen before is a brand that IS a media property and can appeal to consumers on a much deeper level. 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Sampled over 200 different beverage brands in the Seltzer / Ready to Drink space. Firm supporter of unique brands and authentic flavor profiles.","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/lora.larsonmiller","endorsement_quote":"It’s the best seltzer I’ve drank. By far. Their content is entertaining and when the opportunity to invest and own a piece of a company that I enjoy and use came up, I jumped on it. From what I understand there is a lot of competition in the drinks industry, but they all kind of taste the same, look the same and that doesn’t speak to me. Nectar does - I have felt involved throughout their journey and I’m excited to be alongside them for the next chapters.","endorsement_name":"","investment_total":5000,"investment_info":"Invested $5,000 this round","is_lead_investor":true,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/lora.larsonmiller"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":36,"featured_investors":5,"faq_entries":5},"active_fundraises":[{"id":70443,"entity_id":"wefunder:fundraise:70443","state":"successful","offering_type":"506(b)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":200,"max_purchase":9,"funding_target":1200000.0,"minimum_target":"50000.0","maximum_target":"1200000.0"},{"id":58097,"entity_id":"wefunder:fundraise:58097","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":200,"max_purchase":9,"funding_target":1200000.0,"minimum_target":"50000.0","maximum_target":"1200000.0","funding_started_at":"2024-05-25T01:09:33Z","funding_closed_at":"2024-09-06T04:00:00Z","auto_close_at":"2024-09-06T03:59:59Z"}],"latest_fundraise":{"id":70443,"entity_id":"wefunder:fundraise:70443","state":"successful","offering_type":"506(b)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":"$40.4M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":284451,"entity_id":"wefunder:comment:284451","question":"how does cashing out work? say when nectar reaches the SAFE terms? what would the current valuation be as well? Is there a specific percentage of the company that is in this raise?","author_name":"Andy Nguyen","votes":6,"created_at":"2024-06-01T00:36:14Z","canonical_url":"https://wefunder.com/drinknectar#question-284451","answers":[{"id":284464,"entity_id":"wefunder:comment:284464","answer":"Hey Andy! We are not setting a valuation, just putting in a cap on the SAFE note of $33.66M for the first $500K of investment (\"early bird\" investors) and $40.4M for investment after the first $500K. Here is an example assuming you were part of the first $500K invested with the \"early bird\" $33.66M valuation cap: a year from now Nectar raises a priced round at a $50m valuation, the SAFE-noteholders would still get their shares at the $33.66M valuation, so you are protected if we continue to grow like we have been. There is also a Discount Rate of 80% for the SAFE note. This means that if we raise in the future at a lower valuation than $33.66M... let's say $28M, you would convert at 80% of that valuation which would be $22.4M ($28M x 0.8 = $22.4M). We believe this is what makes a SAFE note a great way for us to raise funds to scale quickly, while offering protections to investors to do our best to give them a nice return. Please let me know if that makes sense or if you have any other questions.","author_name":"John Dalsey","votes":8,"created_at":"2024-06-01T02:21:55Z"}]},{"id":284478,"entity_id":"wefunder:comment:284478","question":"Congratulations on the crowdfunding! I have been following Nectar for awhile and have been very impressed with the team's product and marketing. I have 2 questions prior to making my investment decision. 1. It seems like one of the most positive influential drivers of the business is the social media presence, with Tik Tok currently having the most following. If ByteDance does indeed shutdown Tik Tok in the United States due to the recently passed legislation, how does the company expect to mitigate this loss of clearly effective channel of communication? 2. Nectar's Asian flavors are an obvious standout to what is currently on the market, but naturally take on the challenge on introducing these \"exotic\" flavors to the average American who may have never tried Yuzu, for example, let alone ever heard of the fruit before. The launch in states where there is a young Asian/Asian American population was a smart move, but how does the company plan to approach the rest of the country? Alternatively, any high-level demographic data you can provide about your current customer based would be appreciated.","author_name":"H Smith","votes":3,"created_at":"2024-06-01T04:34:02Z","canonical_url":"https://wefunder.com/drinknectar#question-284478","answers":[{"id":284571,"entity_id":"wefunder:comment:284571","answer":"Hey there! These are great questions! We believe the demand for TikTok-style content (short form video) is here to stay. If TikTok the app where to go away then we anticipate users would migrate to one of the other platforms we’re already building on (such as Instagram). Asian flavors are one of the fastest growing trends across Consumer Packaged Goods (CPG). Remember the National Sriracha Shortage in 2022 for example. Fortunately, we’re not alone in bringing the familiarity of Asian flavors into all homes in America. The entire food and beverage industry is investing in changing the American grocery store shelf across the country and we’re riding that wave :) We’re proud to have a diverse consumer base with the 2 largest demographics being: Asian (35%) and Hispanic and Latino (28%) followed by White (22%). Checkout our deck at the bottom of the “overview” page – we have more details on customer demographics as well as a case study for how we utilize our data for determining where to focus in distribution. For the next 2 years we’re focusing on the states where we have a strong overlap of community demand, demographic alignment, and retailer/distributor support.","author_name":"John Dalsey","votes":1,"created_at":"2024-06-03T00:40:55Z"}]},{"id":321276,"entity_id":"wefunder:comment:321276","question":"Hello, will you send out periodic updates for investor relations? It would be nice to get investor communications periodically!","author_name":"Brian Manes","votes":2,"created_at":"2025-12-15T22:25:52Z","canonical_url":"https://wefunder.com/drinknectar#question-321276","answers":[]},{"id":284432,"entity_id":"wefunder:comment:284432","question":"does this gurantee the investor a future stock in Nectar?","author_name":"Marc Medina","votes":2,"created_at":"2024-05-31T22:59:25Z","canonical_url":"https://wefunder.com/drinknectar#question-284432","answers":[{"id":284461,"entity_id":"wefunder:comment:284461","answer":"Hey Marc! When you invest in this round it is via a SAFE (Simple Agreement for Future Equity) note. A SAFE note provides an investor the right to receive equity of the company on certain triggering events, typically when there is an equity financing event (e.g., the company raises more money by selling shares), a liquidity event (e.g., the company is acquired), or an IPO (initial public offering). The SAFE agreement has all the details on the conditions for conversion. I recommend checking out the Wefunder frequently asked questions page for a more comprehensive breakdown on SAFE notes and/or going to Y-Combinators website for more information about the Y-Combinator SAFE (there is a link on our FAQ page in the \"updates\" section.","author_name":"John Dalsey","votes":0,"created_at":"2024-06-01T01:38:24Z"}]},{"id":332112,"entity_id":"wefunder:comment:332112","question":"Hello, any update on this?","author_name":"Andre Miller","votes":1,"created_at":"2026-04-27T02:45:37Z","canonical_url":"https://wefunder.com/drinknectar#question-332112","answers":[]},{"id":284938,"entity_id":"wefunder:comment:284938","question":"I live in Australia, I want to buy at least 5 shares because I love the brand and what it represents but I would like to try the product before I invest. Is there any way I can get a box shipped over? I am willing to pay extra for shipping","author_name":"Zyad Kamal Hamed","votes":1,"created_at":"2024-06-09T01:02:41Z","canonical_url":"https://wefunder.com/drinknectar#question-284938","answers":[{"id":285809,"entity_id":"wefunder:comment:285809","answer":"Unfortunately, the cost is too high :/ Sorry! Shipping is literally hundreds to Australia","author_name":"Jeremy Kim","votes":0,"created_at":"2024-06-26T03:30:35Z"}]},{"id":284937,"entity_id":"wefunder:comment:284937","question":"Congratulations on launching the crowd fund! My question is less about the in's and outs of this crowdfund, and more about the future plans of Nectar. I know your marketing plan will continue to lean heavily on your social media platforms. Your retail markets seem to grow and dominate with support from your community with parties, launch events, etc. For me, Nectar is almost indistinguishable from its ties to UTI, making UTI fans an integral part of your community. How much growth and success do you see as a direct result of live events held by the hosts of UTI? Is there an exit strategy or a transition to sponsor other pods with your target demographic to lessen the reliance on your direct presence?","author_name":"Alarie P","votes":1,"created_at":"2024-06-09T00:59:16Z","canonical_url":"https://wefunder.com/drinknectar#question-284937","answers":[{"id":285811,"entity_id":"wefunder:comment:285811","answer":"Not sure if I am fully understanding your question but let me know if this answer suffices: 1. UTI is one tool Nectar uses to push the product BUT its actually not the strongest driver for the drink. It is a good tool for market launches and awareness but Nectar's own socials actually provide a stronger ROI. 2. The live events are a great tool to pump up retailers to give us better placements but its all the work we do behind it afterwards that keeps sales growing at each store location. Again, its 1 tool in a larger tool box 3. eventually we will get into paid media, etc but organic content \u0026gt;\u0026gt;\u0026gt;\u0026gt; It's cheaper and more effective and we don't live and die by heavy ad spends. 4. There is actually a LOT more Nectar customers that have no idea what UTI is than you think. Nectar is not dependent on UTI for it's success. To reiterate, UTI is a great tool but there are is lot more we do behind the scenes (tastings, trade marketing campaigns, distributor incentives, innovation, nectar original content, etc...the list goes on) that creates more sales for the Nectar brand","author_name":"Jeremy Kim","votes":1,"created_at":"2024-06-26T03:36:11Z"}]},{"id":284573,"entity_id":"wefunder:comment:284573","question":"Is it a pre-money safe or a post-money safe","author_name":"Lisa Choi","votes":1,"created_at":"2024-06-03T01:33:39Z","canonical_url":"https://wefunder.com/drinknectar#question-284573","answers":[{"id":284628,"entity_id":"wefunder:comment:284628","answer":"Post-money safe","author_name":"John Dalsey","votes":0,"created_at":"2024-06-03T21:29:32Z"}]},{"id":284458,"entity_id":"wefunder:comment:284458","question":"The deck shows a 17 million value cap, but Wefunder investment is a 40.4 million value cap. Is that an earlier deck?","author_name":"Gavin Booth","votes":1,"created_at":"2024-06-01T01:31:10Z","canonical_url":"https://wefunder.com/drinknectar#question-284458","answers":[{"id":284476,"entity_id":"wefunder:comment:284476","answer":"Hey Gavin, Yes - that was an old deck from an earlier raise. Thank you for raising that to our attention.","author_name":"John Dalsey","votes":0,"created_at":"2024-06-01T03:55:02Z"}]},{"id":284433,"entity_id":"wefunder:comment:284433","question":"How will we be able to track our shares growth and sell our shares.","author_name":"Daniel Santos","votes":1,"created_at":"2024-05-31T23:09:25Z","canonical_url":"https://wefunder.com/drinknectar#question-284433","answers":[{"id":284463,"entity_id":"wefunder:comment:284463","answer":"Hey Daniel! I'm splitting your question into 2 parts: How will we be able to track our shares growth? Once you invest in a company on Wefunder, you can track your investment over time on your Wefunder Portfolio. I recommend checking out Wefunder's frequently asked questions page where there is a \"After You Invest\" section that has more details on the Wefunder portfolio. Can I sell my investment? While there is no public market for your investment, you may sell your stake to another investor if they are a family member or an accredited investor during the first year of your investment. After the first year, you may sell your stake to any interested buyer. I recommend checking out Wefunders frequently asked questions page in the \"after you invest\" section for more info","author_name":"John Dalsey","votes":0,"created_at":"2024-06-01T01:49:02Z"}]},{"id":294056,"entity_id":"wefunder:comment:294056","question":"What’s the minimum one can invest? As well as how does this work? If I donated £1000 would I get it returned? If yes how much?","author_name":"Lauren Stjohn","votes":0,"created_at":"2024-10-12T07:33:59Z","canonical_url":"https://wefunder.com/drinknectar#question-294056","answers":[]},{"id":291705,"entity_id":"wefunder:comment:291705","question":"Hello! Are you currently co-packaging wondering if this is the reason for the current gross margins? If you are co-packaging do you have plans to begin to do this on your own? What are you projected gross margins in 2025 and beyond and where do you see them increasing to? What will be the reasons - thank you!","author_name":"Brian Manes","votes":0,"created_at":"2024-09-04T21:02:12Z","canonical_url":"https://wefunder.com/drinknectar#question-291705","answers":[{"id":291732,"entity_id":"wefunder:comment:291732","answer":"Hey Brian! We've partner with the best co-packer in the U.S. to produce Nectar. While using a copacker has limited our gross margin at smaller scale, it has also given us access to a state of the art production facility and world class team. We're quickly getting to scale where now we have a clear path to expand our gross margin to over 40% by end of 2025 on our hero skus (with some of our single serve skus having as a gross margin \u0026gt;55%). The margin improvements are primarily driven by economies of scale with our raw materials and packaging. In the near term, while our focus is on expanding distribution, we do not anticipate taking production in house but longterm it is a consideration","author_name":"John Dalsey","votes":0,"created_at":"2024-09-05T04:19:07Z"}]},{"id":291638,"entity_id":"wefunder:comment:291638","question":"What is the return for level 1 investment?","author_name":"Lex R","votes":0,"created_at":"2024-09-04T03:56:32Z","canonical_url":"https://wefunder.com/drinknectar#question-291638","answers":[]},{"id":291465,"entity_id":"wefunder:comment:291465","question":"How do I redeem my perks?","author_name":"Christopher Gonzales","votes":0,"created_at":"2024-09-01T14:09:32Z","canonical_url":"https://wefunder.com/drinknectar#question-291465","answers":[{"id":291533,"entity_id":"wefunder:comment:291533","answer":"Once the entire round closes (in 3 days), the digital perks will begin being distributed and the physical perks will get sent out as soon as they finish production.","author_name":"Jeremy Kim","votes":0,"created_at":"2024-09-02T16:53:00Z"}]},{"id":290942,"entity_id":"wefunder:comment:290942","question":"Hello, What is the Price per share? Thank you Erik","author_name":"Erik Campos Buenaflor","votes":0,"created_at":"2024-08-23T13:00:37Z","canonical_url":"https://wefunder.com/drinknectar#question-290942","answers":[{"id":291734,"entity_id":"wefunder:comment:291734","answer":"Hey Erik! When you invest in this round it is via a SAFE (Simple Agreement for Future Equity) note. A SAFE note provides an investor the right to receive equity of the company on certain triggering events, typically when there is an equity financing event (e.g., the company raises more money by selling shares), a liquidity event (e.g., the company is acquired), or an IPO (initial public offering). The SAFE agreement has all the details on the conditions for conversion. I recommend checking out the Wefunder frequently asked questions page for a more comprehensive breakdown on SAFE notes and/or going to Y-Combinators website for more information about the Y-Combinator SAFE (there is a link on our FAQ page in the \"updates\" section. So what that means re: a price per share... We are not setting a valuation, just putting in a cap on the SAFE note of $40.4M. Here is an example: a year from now Nectar raises a priced round at a $50m valuation, the SAFE-noteholders would still get their shares at the $40.4M valuation, so you are protected if we continue to grow like we have been. There is also a Discount Rate of 80% for the SAFE note. This means that if we raise in the future at a lower valuation than $40.4M... let's say $28M, you would convert at 80% of that valuation which would be $22.4M ($28M x 0.8 = $22.4M). We believe this is what makes a SAFE note a great way for us to raise funds to scale quickly, while offering protections to investors to do our best to give them a nice return. Please let me know if that makes sense or if you have any other questions.","author_name":"John Dalsey","votes":0,"created_at":"2024-09-05T04:26:35Z"}]},{"id":290906,"entity_id":"wefunder:comment:290906","question":"Hi! I’m interested in investing but just wondering - do you have a projected timeline for conversion to equity? Are you pursuing a round of funding? Appreciate the input😊","author_name":"Anya Srivats","votes":0,"created_at":"2024-08-22T19:46:21Z","canonical_url":"https://wefunder.com/drinknectar#question-290906","answers":[{"id":291133,"entity_id":"wefunder:comment:291133","answer":"Hey Anya, We don't have a hard timeline yet but we do plan to raise more money after this crowd fund to support our scaling pace. I will be posting a HUGE update soon.","author_name":"Jeremy Kim","votes":0,"created_at":"2024-08-27T20:15:32Z"}]},{"id":290050,"entity_id":"wefunder:comment:290050","question":"Congratulations on the crowdfunding! I have been following Nectar for awhile and have been very impressed with the team's product and marketing. I have some questions prior to making my investment decision. Gmail: omolarae980@gmail.com","author_name":"Esther OMOLARA","votes":0,"created_at":"2024-08-10T17:15:02Z","canonical_url":"https://wefunder.com/drinknectar#question-290050","answers":[]},{"id":289721,"entity_id":"wefunder:comment:289721","question":"Can you invest from outside the US ?","author_name":"Eugene Mapler","votes":0,"created_at":"2024-08-07T09:38:30Z","canonical_url":"https://wefunder.com/drinknectar#question-289721","answers":[{"id":291131,"entity_id":"wefunder:comment:291131","answer":"Yes! https://help.wefunder.com/154992-linked/international-investor-guide?from_search=127994701","author_name":"Jeremy Kim","votes":0,"created_at":"2024-08-27T20:14:01Z"}]},{"id":288323,"entity_id":"wefunder:comment:288323","question":"Can you share your thoughts on how often you will update us on how things are progressing with your goals and business plan? Secondly, do you intend to file the annual report with the SEC? Thanks for your feedback.","author_name":"Eric L","votes":0,"created_at":"2024-07-19T19:55:54Z","canonical_url":"https://wefunder.com/drinknectar#question-288323","answers":[{"id":288864,"entity_id":"wefunder:comment:288864","answer":"Updates happen regularly on the Updates tab on this page I also update via Discord and through our phone # list Yes, WeFunder is compliant with the SEC","author_name":"Jeremy Kim","votes":0,"created_at":"2024-07-25T23:20:04Z"}]},{"id":287282,"entity_id":"wefunder:comment:287282","question":"Hi there! I've never invested before but would love to support the brand and the UTI team, but have some questions. Where do I see how much our stock is worth? Is the only benefits of investing, the rewards on the slides? (I,e. Investing $250 gives you 10% off online store purchases for 1 year). How do we see how much actual investment money we can get back? Is there information on this?","author_name":"Brian H","votes":0,"created_at":"2024-07-10T21:19:24Z","canonical_url":"https://wefunder.com/drinknectar#question-287282","answers":[]},{"id":286790,"entity_id":"wefunder:comment:286790","question":"hello","author_name":"Khaleed Yusuf","votes":0,"created_at":"2024-07-08T14:19:36Z","canonical_url":"https://wefunder.com/drinknectar#question-286790","answers":[]},{"id":286444,"entity_id":"wefunder:comment:286444","question":"Hello, I would like to know how your SAFE contract is structured, to know if my investment is protected under any particular clause with you?","author_name":"Carolina DIAZ","votes":0,"created_at":"2024-07-02T16:50:20Z","canonical_url":"https://wefunder.com/drinknectar#question-286444","answers":[]},{"id":285708,"entity_id":"wefunder:comment:285708","question":"Hi there! I am a small investor in beatbox beverages through wefunder and that appears to have been a great investment. I would love to find the next beatbox! I do have a few questions. 1. What sales do you need to hit profitability? 2. What are projected profits on sales of 50 million in 2027? 3. Can you commit to providing investors with quarterly updates? I have made around 20 investments on here over the past several years. Some do a great job giving us feedback. Others well I don't know if they are in operations anymore lol. I would need a commitment for somewhat regular updates before committing any funds. 4. What is the projected endgame for the company? Sale, ipo? If you remain private would you be open to paying dividends in say 5 years or so? Thank you!","author_name":"Thomas Mills","votes":0,"created_at":"2024-06-24T16:58:09Z","canonical_url":"https://wefunder.com/drinknectar#question-285708","answers":[]},{"id":285503,"entity_id":"wefunder:comment:285503","question":"Curious - what made guys decide to have a different valuation for first 500k? Seems like that would tend to cap the round near the \"early bird\" max.","author_name":"Jeff Jozsa","votes":0,"created_at":"2024-06-21T00:51:01Z","canonical_url":"https://wefunder.com/drinknectar#question-285503","answers":[{"id":285812,"entity_id":"wefunder:comment:285812","answer":"The discount is to reward the people that took the leap before the rest of the group","author_name":"Jeremy Kim","votes":0,"created_at":"2024-06-26T03:37:28Z"}]},{"id":285425,"entity_id":"wefunder:comment:285425","question":"I don't have a question but I couldn't figure out how to leave a comment on here. Just want to say good luck to you guys! This is the first time I've invested in a product but I truly believe you guys will do very well. Sending you all much love and aloha from Hawaii :)","author_name":"Kourtney Wong","votes":0,"created_at":"2024-06-19T18:58:57Z","canonical_url":"https://wefunder.com/drinknectar#question-285425","answers":[{"id":285813,"entity_id":"wefunder:comment:285813","answer":"Kourtney! You're the best! Hawaii community got behind us from the jump so we are so grateful for your support :) Keep your eyes on the store shelf for our hard juice. We made alcoholic Hawaiian Sun ;)","author_name":"Jeremy Kim","votes":0,"created_at":"2024-06-26T03:38:21Z"}]}],"faq":[{"question":"does this gurantee the investor a future stock in Nectar?","answer":"Hey Marc! When you invest in this round it is via a SAFE (Simple Agreement for Future Equity) note. A SAFE note provides an investor the right to receive equity of the company on certain triggering events, typically when there is an equity financing event (e.g., the company raises more money by selling shares), a liquidity event (e.g., the company is acquired), or an IPO (initial public offering). The SAFE agreement has all the details on the conditions for conversion. I recommend checking ou..."},{"question":"How will we be able to track our shares growth and sell our shares.","answer":"Hey Daniel! I'm splitting your question into 2 parts: How will we be able to track our shares growth? Once you invest in a company on Wefunder, you can track your investment over time on your Wefunder Portfolio. I recommend checking out Wefunder's frequently asked questions page where there is a \"After You Invest\" section that has more details on the Wefunder portfolio. Can I sell my investment? While there is no public market for your investment, you may sell your stake to another investor i..."},{"question":"Lets i invest 300 now can I come back and add more later to my current investment.","answer":"Yes, as long as the Community Round is still open you can increase your investment"},{"question":"Is this a 1 time investment? Not monthly or yearly investment?","answer":"Yes, this is a 1 time investment"},{"question":"how does cashing out work? say when nectar reaches the SAFE terms? what would the current valuation be as well? Is there a specific percentage of the company that is in this raise?","answer":"Hey Andy! We are not setting a valuation, just putting in a cap on the SAFE note of $33.66M for the first $500K of investment (\"early bird\" investors) and $40.4M for investment after the first $500K. Here is an example assuming you were part of the first $500K invested with the \"early bird\" $33.66M valuation cap: a year from now Nectar raises a priced round at a $50m valuation, the SAFE-noteholders would still get their shares at the $33.66M valuation, so you are protected if we continue to g..."}]}}}