UPDATE: The Whiskey Pioneers has reached its funding goal and applications closed on December 10, 2021.
Become a Whiskey Pioneer and claim your share of 500 barrels of premium, aged bourbon!
Templeton Rye founder, Scott Bush, has partnered with David Perkins (of High West fame) and invites you to invest alongside them in the Whiskey Pioneers DAO. The barrels have already been purchased and are being made available to DAO members.
Opportunity: Classic American Bourbon Fund I
Purchase Price per Unit: $2,500 | $2,300 per barrel plus $200 for estimated costs over 48 months
Minimum investment: 5 Barrels | $12,500 (USDC preferred, ETH & USD Bank Wire accepted)
Strategy: Buy – Hold – Sell
Storage: Warehoused at MGP Ingredients, Inc., Lawrenceburg, IN and insured through Foundry Distilling Co.
Governance: Members of this DAO will vote on the management of the barrels, including when to buy, hold, or sell; and build a group-optimized strategy with expert support, insight, and aligned incentives.
Influence: One member / one voice, regardless of investment size.
Access: Open to accredited investors only.
Sponsors and co-investors in the DAO: Scott Bush, Founder, Templeton Rye Whiskey and David Perkins, Founder, High West Distillery
Funding & Shares Allocation: The DAO launched with 500 barrels in the treasury contributed by the founders in exchange for shares in the DAO. Any remaining unsold shares will be retained by the founders.
Mash bill: 99% corn, 1% malted barley
Barreling dates: 01/26/2017–05/13/2017
Current age: 4 years
Location of origin: MGP Ingredients, Inc., Lawrenceburg, IN
Barrel size: 53 gallons
Storage type: Palletized
Barrel Manufacturer: Speyside
Bourbon is whiskey produced in the U.S. at not exceeding 80% alcohol by volume (160 proof) from a fermented mash of not less than 51 percent corn and stored at not more than 62.5% alcohol by volume (125 proof) in charred new oak containers.
Bourbon is a commodity with a value which historically increases with age. Bourbon is a unique value play, is not correlated to equities, and is typically taxed as capital gains.
There is a robust wholesale whiskey market where barrels are bought and sold to launch new brands and allow existing brands to scale more quickly or deal with unexpected demand or supply chain deficiencies. There has also been continuous growth in the bourbon whiskey category both inside and outside of the US.
The wholesale whiskey market has traditionally been dominated by huge companies and off limits to individuals and retail investors. We aim to change that. In partnership with some of the most successful whiskey entrepreneuers on the planet, we are excited to offer shares in the Classic American Bourbon Fund I, structured as a DAO.
Storage: Barrels are stored at different rickhouses and the fund pays all handling costs and insurance on the barrels for the duration of the investment.
Governance: Shares are distributed as non-transferable NFTs and are used for voting on DAO proposals.
Treasury: The DAO’s treasury is managed in the whiskeydao.eth Gnosis Safe. The Safe is currently controlled by the DAO founders and may be upgraded over time through the Zodiac interface.
Periodic samples of the aging whiskey from this lot. Quarterly updates and industry insight from fund creators.
Displayable certificate outlining your investment signed by fund creators.