Tagged: kyle dewitt

May 25, 2017 @ 2:05 pm By JD Alois  |  

Michigan enacted an intrastate investment crowdfunding exemption back in 2013 with broad bipartisan support. But legislators are looking to expand the reach of the current rule by updating the law. According to the Michigan House Republicans, State Representative Bronna Kahle’s new legislation (HB 4305) will broaden… Read More

May 11, 2015 @ 12:17 pm By JD Alois  |  

While regulators and some politicians worry that investors may lose money, since investing happens to involve risk, the quote below is exactly why investment crowdfunding is dearly needed: “We went through bank after bank. They couldn’t justify giving out a loan to two guys starting a… Read More

May 2, 2014 @ 12:06 pm By JD Alois  |  

Michigan’s first investment crowdfunding campaign under the new Michigan Invests Locally Exemption (MILE) has successfully reached its maximum goal. The Tecumseh Brewing Company this week reached $175,000 in local investments from Michigan residents. The company is the first in Michigan to raise funds under MILE,… Read More

March 24, 2014 @ 10:00 am By Charles Luzar  |  

The Michigan Invests Locally Exemption, or MILE for short, has its first potential benefactor. Tecumseh Brewing Co. will seek cash from the crowd in exchange for a revenue share in a bid to launch operations in Tecumseh, Michigan. The two cofounders, Tim Schmidt and Kyle… Read More