{"data":{"type":"company_profile_ai","id":35197,"entity_id":"wefunder:company:35197","attributes":{"canonical_url":"https://wefunder.com/modern.times.beer","retrieval_urls":{"canonical":"https://wefunder.com/modern.times.beer","json":"https://wefunder.com/modern.times.beer.json","markdown":"https://wefunder.com/modern.times.beer.md","ai_json":"https://wefunder.com/modern.times.beer.ai.json","ai_text":"https://wefunder.com/modern.times.beer.ai.txt","changelog_json":"https://wefunder.com/modern.times.beer.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-04-16T05:00:14Z","generated_at":"2026-06-13T03:56:47Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"company":{"id":35197,"entity_id":"wefunder:company:35197","slug":"modern.times.beer","name":"Modern Times","tagline":"We'd like to formally invite you to the party.","elevator_pitch":"In 2013, we opened a 30bbl production brewery and tasting room in San Diego. Since then, we’ve posted high double-digit growth every year, pulling in $30.5M in revenue in 2018, with $37M projected for 2019. We’re one of the most successful \u0026amp; fastest growing breweries in the nation, with an avid following in 7 states. We currently have 5 tasting rooms in San Diego, LA, and Portland, with 3 more CA locations in construction. This raise will help take us through this next critical stage of growth.","location":"San Diego","website":"https://www.moderntimesbeer.com","total_amount_raised":1224431,"total_investors":1189,"is_funded":true,"is_active":true},"key_claims":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 1224431","citation":"https://wefunder.com/modern.times.beer#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"observed_at":"2026-04-16T05:00:14Z","expires_at":"2026-04-17T05:00:14Z"},{"claim_id":"claim-total-investors","text":"Total investors: 1189","citation":"https://wefunder.com/modern.times.beer#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"observed_at":"2026-04-16T05:00:14Z","expires_at":"2026-04-17T05:00:14Z"}],"verified_facts":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 1224431","citation":"https://wefunder.com/modern.times.beer#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"observed_at":"2026-04-16T05:00:14Z","expires_at":"2026-04-17T05:00:14Z"},{"claim_id":"claim-total-investors","text":"Total investors: 1189","citation":"https://wefunder.com/modern.times.beer#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"observed_at":"2026-04-16T05:00:14Z","expires_at":"2026-04-17T05:00:14Z"}],"company_claims":{"tagline":"We'd like to formally invite you to the party.","elevator_pitch":"In 2013, we opened a 30bbl production brewery and tasting room in San Diego. Since then, we’ve posted high double-digit growth every year, pulling in $30.5M in revenue in 2018, with $37M projected for 2019. We’re one of the most successful \u0026amp; fastest growing breweries in the nation, with an avid following in 7 states. We currently have 5 tasting rooms in San Diego, LA, and Portland, with 3 more CA locations in construction. This raise will help take us through this next critical stage of growth.","story":"Modern Times is an intrepid cadre of brewers, coffee roasters, and culinary wizards that began as a 30bbl production brewery and tasting room in the Point Loma neighborhood of San Diego. It was founded by Jacob McKean, a Stone Brewing alum, who raised $1.25m to open a full-scale production brewery on day one.Since then, we have enormously exceeded our business plan targets. Modern Times has become one of the most successful breweries in the nation, with full distribution on the West Coast and a fervent following in seven states.We've had double-digit growth each of the last four years. This year we're on track for $37 million in revenue.We project our revenues will increase in 2019 via organic growth and the opening of multiple new locations. See our Investor Q\u0026amp;A for more details.We have 5 tasting rooms now. By year's end, we'll have at least 7.\u0026nbsp;We currently operate five tasting rooms: 3 in San Diego, 1 in the L.A. area, and 1 in Portland, OR. This year, we anticipate opening three new locations in Santa Barbara, Oakland, and Anaheim. Tasting rooms allow us to give our customers the full-spectrum Modern Times experience while simultaneously boosting sales for surrounding wholesale accounts, and expanded production facilities will allow us to meet robust and steadily increasing demands for our beer \u0026amp; coffee.Our five current tasting rooms.Floor plan for our Santa Barbara tasting room opening later this year.Our beer \u0026amp; coffee can be found in over 7,000 retail stores and bars around the country.Our beer \u0026amp; coffee can be found in over 7,000 retail stores and bars around the country. Wholesale accounts include the likes of Whole Foods, Trader Joe's, Costco, Disneyland, Angel Stadium, and Petco Park (the San Diego Padres stadium). Our retail accounts work in concert with our own properties, creating a lift effect for both sides of the business that neither could achieve alone. We are partnered with 25+ distributors, each of whom we work with closely to ensure that our beverages consistently reach our fans at peak radness.This year, we'll release 6 core beers, 10 seasonal beers, and a slew of one-offs and monthly special releases in can \u0026amp; draft formats–we're driven to constantly innovate.Our blended, single-origin, and barrel-aged coffees have garnered high ratings and coveted awards from leading coffee industry publications like Coffee Review.Today, our company is 30% employee-owned. Now we're inviting\u0026nbsp;our customers and fans to be owners too. Our employees are part-owners of Modern Times and currently hold 30% of the company. We hope you'll join us!We’ve accomplished a truly exceptional feat in the brewing world: we're a successful distribution brand and a boutique producer of highly sought-after special releases, all while remaining independently owned. We now have the infrastructure, senior leadership and brewing team, and physical space to take this already-substantial accomplishment to the next level.\u0026nbsp;But it's not just the employees building this company; it's our fans too.\u0026nbsp;The people who drink our beer and coffee have been instrumental in fundamentally shaping us as a company and have played a key role in our success. We’re thrilled to give our fans the opportunity to benefit from the growth they’ve been such an integral part of creating.\u0026nbsp;We hope you'll join us.","quick_facts":["~$30.5M in revenue in 2018. Up 59% from 2017.","Top-performing beer brand in Stone Distributing portfolio in both dollars and volume.","30% increase in 2018 wholesale distribution in our home market of Southern California.","Top 1% of craft breweries in the nation by volume.","30% employee-owned. Now opening our ownership up to fans!","No money spent on advertising. Garnered the 6th-largest social media following in independent craft beer through organic growth.","Currently operate 5 tasting rooms, 3 breweries, 3 kitchens, and 1 coffee roastery. Planning to open 3 new locations in 2019."]},"computed_metrics":{"total_amount_raised":1224431,"total_investors":1189,"team_size":10,"featured_investor_count":0,"faq_count":5,"recent_post_count":0},"quick_facts":[{"claim_id":"claim-fact-1","value":"~$30.5M in revenue in 2018. 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The minimum is one share at $253."},{"question":"What is your net profit on 30.5 Million in sales last year? Can you provide historical profit margin/ revenue growth over the last 5 years? How is the capital going to be deployed?","answer":"Thanks for the question, James! This data is also on our Wefunder homepage, but here’s a quick recap. While generating 30.5m in revenue, we had a Net Loss of 2.95m and EBITDAE of 2.9m. Revenue grew 59% in 2018, 29% in 2017, and 100% in 2016. Gross Margins grew 3% in 2018, 4% in 2017, and 109% in 2016. 2017 and 2018 were building years where we invested in physical infrastructure, information systems, and people to execute on the 5 projects we have under construction today. By leveraging our c..."},{"question":"Could you explain the promisory notes to you and your family members in a little more detail? Are they loans? Deferred compensation?","answer":"Hey, Russell! The Promissory Notes are loans related to the sale of shares to our ESOP trust in order to form the 30% Employee Stock Ownership Plan that was created in June of 2017."},{"question":"What are the proceeds for and why is this request the best path forward? Do you have an independent valuation agent?","answer":"Regarding use of proceeds: At $50,188: 62.5% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, production expenses, location acquisitions, and buildouts; 30% towards offering expenses; 7.5% towards platform fees. At $250,000: 20% towards minor efficiency projects/equipment; 66.5% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, production expenses, location acquisitions, and buildouts; 6% to..."},{"question":"Are you open to getting bought by a macro?","answer":"Selling to a macrobrewery is not currently part of our business plan. Furthermore, structuring our company as employee and fan-owned would likely make such a sale more complicated, thus much less plausible."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-13T03:56:47Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-04-16T05:00:14Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-03-04T01:12:09Z","as_of":"2026-06-13T03:56:47Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-03-04T01:12:09Z","as_of":"2026-06-13T03:56:47Z","confidence":"medium"}}}}}}