Cannondale-Drapac/Slipstream crowd funding

[Elefantino]

Originally Posted by happycampyer

Except when you bought shares of the Celtics, you owned a piece of the Celtics. Here, you're essentially making a gift. I don't even want to give them the benefit of clicking on the link--are they offering anything in return for the contributions? E.g., $5K gets you a used, unwashed argyle sock, etc.

Yes, they are offering things in return for various price points.

But that's not why I'd do it.

[oldpotatoe]

Originally Posted by Elefantino

Vaughters says he's $7 million short of being able to run the team next year. Assuming one of the Waltons doesn't chip in some pocket change, the team has opted to gauge interest in crowd funding.

I'm in and urge any and all who have enjoyed this team over the years to raise your hands, if you are able to help.

https://slipstreamsports.typeform.com/to/TveqQM

This puts the riders in a huge bind..better riders hang around and 'hope' the team survives or start looking now for another team..choose a less desirable team position...then find out CDale survives..or hang in there with C-Dale..look for no other team and watch it fold along with the rider's career..sux..

[rwsaunders]

I don't know, but every time that I read about JV or hear him speak, for some reason I feel like there's a shell game being played. Same goes for Brailsford.

[teleguy57]

A while back during a Green Bay Packers stock offering we bought a share for each of our kids. Community owned, no special perks or hope of an "investment" return, but fun to do.

Not interested in funding JV, though. Totally different business model, culture, history etc.

[velofinds]

J-Ker to the rescue! New team name: Cannondale-Heinz?

http://thehill.com/blogs/in-the-know...n-cycling-team

On his Hors-Cat:

[MattTuck]

Whatever your feelings about Vaughters, I do think that fan funded teams could be a way to support the economics of a team.

With the web, it really could be easy to get small dollar funding at very low cost.

[Tandem Rider]

At least JV is trying something different than the same old same old, which, judging from the comments, we all agree is a recipe for failure. I guess we can't call him insane...