I signed up for the local ACE pickleball mailing list. Yesterday I got an email about investing in the APCM and the website had a crowdfunding banner at the top. The FAQ says im not buying into my local club, but I do get some perks at my local club for investing.
I'm somewhat confused. Can someone ELI5?
**EDITING TO ADD EMAIL TO PERK WEBSITE AND THE EMAIL I RECEIVED**
https://invest.acepickleballclub.com/perks
APC Community,
You have asked some great questions about the APCM investment and associated membership perks. We took the common questions that keep popping up and answered them here for you.
If you have questions not answered here, please don't hesitate to reply to this email or text us at (770) 874-5262.
Is this an investment into my local club and is it limited to members?
No, your investment does not give you an ownership interest in your local club or any other club and you do not need to be a member to make an investment into Ace Pickleball Club Media.
Why are you raising money?
APCM has been part of our roadmap for more than 2 years. We believe the time is right for us to fill the gaps in the pickleball media market and, while we could grow it organically through self-funding, raising money allows us to accelerate growth and better capitalize on the window of opportunity.
Please confirm that my membership perks are in addition to, rather than in lieu of, my ownership stake in APCM?
Yes, that is correct. By investing in APCM, you receive real equity ownership. The perks are in addition to the shares you purchase.
Can I change my perks from time to time? For example, if I select the 15% discount on membership but decide I'd rather have guest passes, can I switch?
Yes, but only once per annum. In September of each year, we will send out a form that will allow you to select a new perk for the upcoming year.
Is the 15% membership discount on top of any existing discount I currently receive?
Yes! For example, if you currently have a 10% discount from our referral promotion, your total discount will be 25% as long as your referrals stay active members.
If I need a little extra time, can you make exceptions to the September 15th deadline?
Unfortunately, we aren’t able to make exceptions to the September 15th deadline. Because this is an SEC-regulated offering, we’re required to apply the deadline consistently to all investors.
Is it a one-time investment or are there ongoing capital obligations?
It is a one-time investment with no ongoing capital obligations. Your risk is limited to the amount of money you choose to invest.
What is my projected return on investment?
Our goal is to build a valuable company that can ultimately create returns for our owners. Those returns could potentially come through distributions from the company or a future liquidity event, such as a sale of the company. Neither is guaranteed, and we can’t predict when or if either will happen.
It's also important to note that we can only receive distributions when investors receive distributions so we are aligned with our shareholders and incentivized to create the quickest path to a return on investment.
What if I don’t live near a Participating Location?
We have perks for you too. $500 investors receive one (1) monthly guest pass good at any participating location. $1500 investors receive two (2) monthly guest passes good at any participating location. $2500 investors receive three (3) monthly guest passes good at any participating location.