Company Profile (AI Text)
Name: Modern Times
Canonical URL: https://wefunder.com/modern.times.beer
Updated at: 2026-04-16T05:00:14Z

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 & 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.

Key claims:
- Total raised on Wefunder: 1224431 | citation: https://wefunder.com/modern.times.beer#claim-total-raised
- Total investors: 1189 | citation: https://wefunder.com/modern.times.beer#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1224431 | observed_at: 2026-04-16T05:00:14Z | expires_at: 2026-04-17T05:00:14Z
- Total investors: 1189 | observed_at: 2026-04-16T05:00:14Z | expires_at: 2026-04-17T05:00:14Z

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:
- ~$30.5M in revenue in 2018. Up 59% from 2017. | citation: https://wefunder.com/modern.times.beer#claim-fact-1
- Top-performing beer brand in Stone Distributing portfolio in both dollars and volume. | citation: https://wefunder.com/modern.times.beer#claim-fact-2
- 30% increase in 2018 wholesale distribution in our home market of Southern California. | citation: https://wefunder.com/modern.times.beer#claim-fact-3
- Top 1% of craft breweries in the nation by volume. | citation: https://wefunder.com/modern.times.beer#claim-fact-4
- 30% employee-owned. Now opening our ownership up to fans! | citation: https://wefunder.com/modern.times.beer#claim-fact-5
- No money spent on advertising. Garnered the 6th-largest social media following in independent craft beer through organic growth. | citation: https://wefunder.com/modern.times.beer#claim-fact-6
- Currently operate 5 tasting rooms, 3 breweries, 3 kitchens, and 1 coffee roastery. Planning to open 3 new locations in 2019. | citation: https://wefunder.com/modern.times.beer#claim-fact-7

FAQ:
- Q: what is the minimum amount we can invest?
  A: Hey, Aaron! The minimum is one share at $253.
- Q: 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?
  A: 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...
- Q: Could you explain the promisory notes to you and your family members in a little more detail? Are they loans? Deferred compensation?
  A: 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.
- Q: What are the proceeds for and why is this request the best path forward? Do you have an independent valuation agent?
  A: 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...
- Q: Are you open to getting bought by a macro?
  A: 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.