Until last year, crowdfunding in the beer industry meant that an upstart craft brewery could offer perks like pint glasses and T-shirts to consumers in exchange for thousands of dollars in donations. In 2013, those types of campaigns earned San Diego's Modern Times Beer and Miami's J. Wakefield Brewing more than $65,000 and $110,000, respectively.
Breweries are still using platforms such as Kickstarter and Indiegogo to raise capital, but the amount of money they could raise - and the types of investors who could help them raise it - changed significantly through the final ratification of...
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