SHOOTING RANGE HOPES TO BE FIRSTEVER FINANCED BY CROWDFUNDINGBy: Ac'on Target
The Machine Gun Nest has the chance to becomethe first shoo'ng range ever to be successfully financed
through crowdfunding and may pave the wayfor other ranges like it.
With crowdfunding expected to explode in the next year andwith the implementa'on of public equity financing coming
soon, the shoo'ng range industry has a unique opportunity tobypass tradi'onal financing op'ons and get direct support
from the shoo'ng community itself.
While there are likely to be many failed campaigns along theway, there will also be those who rise to the top and pioneer a
new business model for shoo'ng ranges everywhere.
THERE ARE ONLY A FEW TRADITIONALWAYS TO RAISE TO FINANCE A NEWBUSINESS OR PROJECT,• You can talk to local investors• You can apply for a small business loan• You can beg a rich uncle
CROWDFUNDING TURNEDTRADITIONAL FINANCING ON ITS HEAD.Crowdfunding began when fans of Bri'sh rock bandMarillion collec'vely financed one of the bands tours.Crowdfunding began to catch on with ar'sts, filmmakers,and inventors with a total of $2.7 billion raised in 2012alone.Crowdfunding has now been made relevant to smallbusinesses and startups through the passing of the JOBS Actwhich makes provision for solicita'on of equity financingfrom the general public.
THE MACHINE GUN NEST INFREDERICK MARYLAND ISNOW USING CROWDFUNDINGTO FINANCE THE BUILDINGOF THEIR INDOOR RANGE.The Machine Gun Nest has seen ini'alsuccess with $22,000 raised in the first24 hours through Indiegogo.
Owners Rob Krop and Matthew Jones plan toopen The Machine Gun Nest regardlessof whether they hit their campaign goalof $500,000.
THE MACHINE GUN NEST INFREDERICK MARYLAND ISNOW USING CROWDFUNDINGTO FINANCE THE BUILDINGOF THEIR INDOOR RANGE.Other shoo'ng ranges have aTemptedto finance themselves through Indiegogoin the past, but only one managed toraise more than $195 aVer a full 60-‐daycampaign. The difference with TheMachine Gun Nest campaign, Krop says,is that they’re hi\ng the pavement andtalking to people about it in person aswell as online.
Opening the range may not be The Machine Gun Nest’sbiggest achievement, however the range has the chance tobecome the first shoo'ng range ever to be successfully
financed through crowdfunding and may pave the way forother ranges like it.
With crowdfunding expected to explode in the next year andwith the implementa'on of public equity financing coming
soon, the shoo'ng range industry has a unique opportunity tobypass tradi'onal financing op'ons and get direct support
from the shoo'ng community itself.
While there are likely to be many failed campaigns along theway, there will also be those who rise to the top and pioneer a
new business model for shoo'ng ranges everywhere.
Read more and comment by visi'ngwww.Ac'onTarget.com
and click on “Ac'on Target Journal”
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Get there directly atwww.Ac'onTarget.com/crowdfunding-‐and-‐shoo'ng-‐ranges-‐odd-‐couple-‐or-‐perfect-‐match
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