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Theatre productions are impossible to forecast. I've produced more than 30 shows in my career, and the truth is you just never know. Our goal for this production is a minimum of five years. Our lease on the venue is for twenty-five years (including multiple option periods). The audience will determine how long the show runs."},{"question":"If you can reach the same level of success as your first \"test\" show in the new space, what is the expected annual return for investors and if profitable how often do you plan to distribute profits?","answer":"Profit distributions only take place after recoupment (read more about this in my long note in response to Nick Steffey's question). After that, if we reached the same level of success as the first production, I would estimate Series B unitholders to earn 15-20% returns annually. But I have to put a disclaimer in here: proforma financial projections are not part of our SEC filing and cannot be relied upon for your investing decision. This estimate is pure speculation! Profits are required to ..."},{"question":"When is the funding deadline?","answer":"There is no strict deadline, but in practical terms, once tickets go on sale June 9, our need for capital will diminish. If tickets sell like gangbusters, we are going to evaluate our liquidity, and ask ourselves whether we need to keep selling equity. I'd say we should know by June 30 what the real target for this offering is, i.e., $400K or $700K or $1 million. When we hit our goal, we'll close."},{"question":"What was your total investment and revenue for the test show?","answer":"We spent $275,000 to build, rehearse, and perform the first production for 10 weeks. The plan was to raise $200K in investment and the rest from grants and contributions. We were only able to raise $60K, through a Reg D private placement. We bootstrapped the rest of it through aggressive cash flow management and by using advance ticket sales as a source of liquidity. With our proof-of-concept behind us, we were much more successful with our Reg D offering this time, raising $945,000. That fir..."},{"question":"Hi David, Congratulations on getting this far! Very impressive! $2,000 is the minimum? For the Tour of the venue, do we just show up or reserve?","answer":"Hi John, thanks for the kudos. Please email me at investor@thespeakeasysf.com to reserve a spot in one of the tours."}],"recent_posts":[{"id":90482,"entity_id":"wefunder:feed_item:90482","title":"The Speakeasy Hits 100th Performance \u0026amp; Strives to Hit Its Tipping Point","preview":"It’s odd walking into The Speakeasy at eleven in the morning. It’s hidden in the middle of nowhere Chinatown and the only hint of the Speakeasy you see are maybe the charming old Italian bakeries lined up in North Beach. As the mastermind behind The Speakeasy, David Gluck, welcomes us in, we are reminded of our late night at The Speakeasy. Memories come flooding back, as we re-enter the cabaret, the gambling room and the bar. The place remains eery yet romantic and dim even during the day. 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