CLOSED
GET A PIECE OF BIKE FRIDAY
Personal Bike Solutions Built in the USA
$220,880 Raised
REASONS TO INVEST
TEAM
Alan Scholz
Co-Founder
Hanna Scholz
President
The Rest of the Team
(wishes to remain anonymous)
Jordan Bishko, J.D./M.B.A.
Director of Operations
Walter Lapchynski
Bike Expert
Peter Berra
Bike Expert
Steve Strickland
Bike Expert
Matthew Corson-Finnerty
Social Media Manager
Todd Reed
E-Commerce Manager
Marilyn Younce
Accounting Specialist
Gary Thiel
Accountant
Tim Link
Customer Service Technician
Michael Macemon
Customer Service Technician
Clayton Williams
Customer Service Technician
Damon Vold
Production Team Leader
Mike Cheek
Line Master
Merle Rothwieler
Production Team Member & Illustrator
Kent Peterson
Inventory Manager
Fraeda Scholz
Master of All Trades
TERMS
Bike Friday
Overview
PRICE PER SHARE
$5
DEADLINE
Oct. 10, 2017 at 6:59 AM UTC
VALUATION
$3.68M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$300
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
2,000
MAX NUMBER OF SHARES OFFERED
214,000
OFFERING TYPE
Equity
SHARES OFFERED
Class B Non-voting stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments."
PRESS
Emerging Gear: Outdoor Products This Week
The pakiT City Bike is about as portable as a bicycle can get. The $1,500 foldable ride comes in six sizes, accommodates riders up to 190 lbs., and folds into a soft-side backpack in about 30 seconds (according to the company). Best of all, it’s a belt drive, so no greasy mess.
Learning to Navigate the Windy City on Two Wheels- With Two Kids
Well hello, everybody. We’ve been busy- enjoying pleasant weather and lots of fun rides. As you can see, my husband is totally digging this “his and hers” cargo bike thing we have going on, and so are the kids. And so am I. We’ve covered a lot of miles in the past week. The pictures might be a bit out of order, but I’ll share what we have here. We bought a Fuji waterproof camera awhile ago at Costco, and the kids have been my designated photographers, which is cool.
Bike Friday Haul-a-Day Review
The Haul-a-Day is Bike Friday’s addition to the growing cargo bike market. Bike Friday is an Oregon-based bike building company who use words like local, organic, community, and handcraft to describe what they do. They specialize in custom folding and travel bikes, which means the Haul-a-Day has many of the inventive conveniences of those types of bikes and can be customized to your desire.
New: Bike Friday announces pakiT ultralight folding bike
Bike Friday recently announced the launch of the pakiT, a folding bike that weighs between 15 and 22 pounds and fits in a backpack for easy transport and travel. The pakiT debuted on Kickstarter and surpassed its fundraising goal within seven hours.
The Ultimate Bike Friday New World Tourist Review
The Bike Friday New World Tourist is thought by some to be the ultimate travel bike for long distance tourists. It’s small wheelbase, low-step over feature, fully-loaded capabilities and its ability to fold up and fit inside an airline standard suitcase (thus saving you huge amounts of money when flying with your bicycle) are certainly appealing features for any world traveler. But does the bike really live up to its reputation? That’s what I set out to see! Here’s my story: I purchased a Bike Friday New World Tourist in the summer of 2008 and used it on a short 8-day trip to the island of Aruba in the Caribbean Sea. I had purchased the bike, planning to use it on similar short trips and never planned on using the small-wheeled folding bike as my ultimate travel vehicle for a 9-month tour through central and eastern Europe. But that’s exactly what happened.
ALL UPDATES
REWARDS
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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David Byrd
4 years ago
I haven't seen an annual report for 2018.
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Peter Zajkowski
6 years ago
I concur with George Hetrick. You changed the perks. I assume it's a mistake. Please explain.
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Deborah Mullen
6 years ago
I am dismayed by the apparent change in perks also. My investment transaction happened today. I would very much appreciate getting the BF % discount that was written up in your offering. To see a different perk structure in your latest communication is distressing!
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Deborah Mullen
6 years ago
The "Wow we are stunned by your support" communication seems to have been edited. The section regarding perks looks to track with their initial stock offering. No explanation was detailed. Hmmmm
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Deborah Mullen
6 years ago
Ok. Matthew just posted an explanation
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George Hetrick
6 years ago
I just got an email with the following " Once StartEngine finalizes everyone's investments (within the next 2-3 weeks) we will receive your contact information and send you your perks. Everyone will receive a limited edition 25th Anniversary Bike Friday t-shirt, and investors $1,000 and over will receive a copy of Bikenomics by Elly Blue. Investors $5,000-$9,999 will receive a lifetime Bike Friday discount of 5%, $10,000-19,999 a lifetime discount of 10%, and $20,000+ a lifetime discount of 15%!" From your terms page: $300.00+ = 60 shares of Class B non-voting Stock + limited edition T-shirt , Thank you! $1000.00+ = 200 shares of Class B non-voting Stock + limited edition T-shirt + special book + 5% B.F. discount for life! $5000.00+ = 1,000 shares of Class B non-voting Stock + limited edition T-shirt + special book + 10% B.F. discount for life! $10,000.00+ = 2,000 shares of Class B non-voting Stock + limited edition T-shirt + special book + 15% B.F. discount for life! Those of us who pledged picked levels in part because of the perks; you can't eliminate perks that were promised. The discounts have to be at the level in the offering.
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Rita Bowker
6 years ago
Keep Trucking BF Friends! Wish I could jump in with more than my amount- every little bit counts though. I've been watching your company since 2007, keeping a BF bike at the top of my wishlist. I really love the community spirit and made in America know- how your company engenders. RB
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
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