It seems Vanguard Moto still has a chunk of work ahead before its bikes hit the market, with details of their crowdfunding plans hitting the Interwebz.
We first told you about Vanguard a month ago, when the company started to show off plans for its new Roadster model. As we noted at the time, the company is still months away from delivering its first bikes to market, and it appears there’s a very good reason for that: Vanguard is still trying to raise funds.
You can see the company’s crowdfunding drive here. Whether it’s worth investing or not, we can’t predict (crowdfunding is risky business, as everyone who remembers Skully knows). However, for $8 a share, you can buy in and lord it over your friends, calling yourself “part owner of a motorcycle manufacturer.” It’s just a really small part of a really small manufacturer …
According to the fundraiser page, Vanguard is hoping to raise between $125,000 and $960,000 US — a pretty wide range. Buying in gets you perks, depending how much cash you drop, but unless you have plenty of dough, the chance to get a discount on a Vanguard still isn’t much use to you.
Ugly.
If I read the Vanguard site correctly, they’ve only raised a little over $11,000 so far. At this rate I doublt if the project will ever get off the ground. What Vanguard needs is an investor with deep pockets….like 10 million dollars deep…and a designer who knows what a good looking motorcycle should look like.
As the article says “Whether it’s worth investing or not, we can’t predict (crowdfunding is risky business, as everyone who remembers Skully knows).”
Why is CMG enabling this company in the removal of cash from their readers’ pockets?
Anyone thinking of this should read the whole offering. You purchase non-voting “shares”, although “These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.”
In the risk analysis section they say you should be prepared to lose your entire investment.
And you get a chance to have priority in purchasing one of the ugliest things on two wheels.
Crowdfunding, Air B n B, Uber all just ways of skirting regulations. Do people think these businesses were regulated for no reason?
Jeez, you’d think you were a lawyer or something. Oh wait……
I agree totally. UGLY doesn’t do it justice, and $125-960K won’t go very far for a business of this nature.
Lottery tickets would be a better “investment”.