Personal Bike Solutions Built in the USA
The Rest of the Team
(wishes to remain anonymous)
Jordan Bishko, J.D./M.B.A.
Director of Operations
Social Media Manager
Customer Service Technician
Customer Service Technician
Customer Service Technician
Production Team Leader
Production Team Member & Illustrator
Maximum Number of Shares Offered subject to adjustment for bonus shares
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. 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.
Maximum 214,000 shares of common stock ($1,070,000)
Minimum 2,000 shares of common stock ($10,000)
|Company||Green gear Cycling Inc., DBA Bike Friday|
|Corporate Address||3364 W. 11th Ave., Eugene, OR 97402|
|Description of Business||Bike Friday is an American manufacturer of custom folding bicycles, tandems, and cargo bicycles. Bike Friday was founded in 1992 in Eugene, Oregon. Starting with the customer order first and using Lean Manufacturing techniques to deliver to each custom order.|
|Type of Security Offered||Class B Non-voting Stock|
|Purchase Price of Security Offered||$5/share|
|Minimum Investment Amount (per investor) ||$300|
$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!
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."
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.
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.
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.
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 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.
Hello Bike Friday Investors!
Many of you have contacted us enthusiastically checking in on our progress. Thank you!
We would first like to start by apologizing for the lack of communication for the last month. We don’t want to make excuses, but rather want you to know that we have been undergoing a transition in our communications department over the last couple of months. We want to communicate with our investor group in the right way so that we can make the most of this opportunity. We’ve collected your feedback and now want to welcome you into a special part of the Bike Friday community. You are now all company insiders and we want you to feel treated as such.
Update on T-shirts and Books:
We have also begun the process of delivering your physical rewards. We were hoping to deliver all of your rewards before the end of 2017, but realized late in this process that StartEngine did not collect shipping addresses or sizing information. However, we have created a brief survey to help remedy this, you can enter your information here and we can begin the process of sending your rewards. Again, we apologize for the delay, our goal is to treat this opportunity the right way (which isn’t always the fast way) and your patience is appreciated. You should receive an email a link to this survey today.
Unveiling Your Bike Friday Influence Peddlers Group!
The first step we have taken is creating a new forum, in the form of a Google Group called the Bike Friday Influence Pedalers, where you and other investors can participate in discussions surrounding Bike Friday and collaborate with us on how we can become an even better company. We want all of our investors to interact with one another and help us discover insights that might make us a better company. We will help to guide discussion on the forum, but ultimately where it takes us is up to all of you! All investors should be receiving invitations to join the group in your email (contact email@example.com if you haven’t received either of these emails in the next few days).
2018 is shaping up to be a HUGE year for Bike Friday and we are excited for all of you to be a part of it!
President Hanna Scholz & The Bike Friday Team
Thanks to each of you who gave us feedback from the last update. We have already begun to process your responses and are developing a plan for how to best service this new group. We can tell from what you've suggested that you all care deeply about Bike Friday and our mission, which is exactly what we were hoping for when we began this campaign. We want to find a way to effectively channel that energy and to make sure that your insights are put to use. It is this energy and devotion that gives us confidence that Bike Friday will only continue to grow and expand into the future!
We want to make sure that the community we are forming has all voices heard, we do not want to miss anyones voice.
These are some of the things we have learned from this first wave of responses:
Everyone seemed to appreciate the idea of a discussion forum that is exclusive to investors and where ideas about the future of Bike Friday can be discussed
Most of you are very comfortable with the idea of using traditional email as a way of staying in communication, but you do not want too many filling up your inbox.
Some of you are concerned about the exclusivity of Facebook and don't like the idea of being forced into having a Facebook account just to participate.
A few users suggested ways that they can become better ambassadors for the Bike Friday brand. We are very happy to hear this, and are already thinking of ways that we can make it easy for you to spread the word about Bike Friday!
There are so many great, creative ideas that are already being pitched to us! We are excited to create a forum to discuss these ideas with you. We LOVE having an amazing team of investors behind us, and it motivates us to work even harder at accomplishing our mission of expanding the use of the greatest mode of transportation around the world!
Hanna and the Bike Friday Team
In the last message we sent out we accidentally misquoted the percentages and investor tiers for lifetime discounts: the perks have not changed from what we originally stated on the campaign page. We are really sorry about any confusion and frustration this may have caused you. Please rest assured that your perks are exactly what we said they would be!
The correct information, as stated on our campaign page, is listed below:
$300.00 — If you invest $300.00, you will receive 60 shares + limited edition 25th anniversary T-shirt, Thank you!
$1000.00 — If you invest $1,000.00, you will receive 200 shares + limited edition T-shirt + special book + 5% B.F. discount for life!
$5,000.00 — If you invest $5,000.00, you will receive 1,000 shares + limited edition T-shirt + special book + 10% B.F. discount for life!
$10,000.00 — If you invest $10,000.00, you will receive 2,000 shares + limited edition T-shirt+ special book +15% B.F. discount for life!
Note: The special book is called "Bikenomics: How Bicycling Can Save The Economy by Elle Blue"
Again, we're very sorry for any consternation this may have caused you. Feel free to reach out to Matthew if you have any questions or need anything at all- firstname.lastname@example.org 541-687-0487
Matthew Corson-Finnerty, Social Media Manager
To our amazing supporters,
Our StartEngine campaign just came to a close, and what a success! Over $220K was raised through your investments and we've already begun implementing key improvements- Woo Hoo! We continue to be amazed and humbled by the incredible support for Bike Friday's mission, you've brought tears to our eyes and joy in our hearts. Thank you for believing in us and the wonderful things that we offer the world, we could not have done this without you... AND you are now officially a part of our company! Thank you for your investment, we are excited that you all are joining our team!
Here's what happens next!
With the Working Capital from your investment we will begin (and already have begun) making many valuable improvements to Bike Friday's business:
When things happen- you'll hear it first!
As a part owner of Bike Friday, we want to make sure that you get to weigh in on important decisions that we make as a company. We are also counting on your ideas, inspiration, and feedback as we look for new opportunities to expand into new markets and drive new sales. There is a lot of wisdom and talent among your ranks and we want to collaborate with you as much as possible. To give you the latest news, foster conversations, and spark ideas we're going to create a special online forum just for you, the Bike Friday Investors.
We want your input! Please answer this brief survey. Click here!
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, while everyone $1,000 and over will also receive a copy of Bikenomics by Elly Blue. Additionally, investors $1,000 and over will receive a lifetime Bike Friday discount of 5%, $5,000-$9,999 will receive a lifetime Bike Friday discount of 10%, and anyone $10,000+ a lifetime discount of 15%!
Stay tuned for more updates!
We have some exciting news to share with you about the progress of our e-assist options, but we're not quite ready to unveil it. We'll keep you posted on the developments as they "unfold."
Thank you again from the bottom of our hearts, we are just so grateful (and excited) to be able to jump in and start making these big improvements here at Bike Friday!
Hanna Scholz and the Bike Friday Team
Happy Friday, everyone!
This is the last weekend before our equity campaign offering closes early next week.
Thank you to all who have helped increase the funding raise over this past week! We crossed the $175k mark and are aiming for that $200k mark by the end of Monday. Please continue spreading the word with friends for this crucial home stretch!
The values of folding bikes is being discovered more and more in cities across America. Below is an interesting article to share on becoming a folding bike convert from a recent Bicycling Magazine post: https://www.bicycling.com/culture/i-carried-a-folding-bike-everywhere
Thank you all for your continued support. Have an awesome weekend!
Hanna Scholz and the Bike Friday Team
In response to the early campaign success we began to build Haul-a-Days into inventory as we start the transition to the fall season. So far each time we make a spot in production to add another Haul-a-Day a customer or dealer has called up and bought the bike before it leaves the production line. We have had 4 this week already!
This continues to prove there is a large opportunity to increase our sales to customers and dealers who need immediate delivery as long as we have bikes ready to ship in a week or less. The more inventory we make of these key items the more we will sell.
We are already putting the $168K raised on this campaign to good use and it is paying off!
Please keep spreading the word about this investment opportunity as the more Working Capital we raise here now, the bigger inventory we are able to build this winter in preparation for a strong spring profit!
Thank you for all your support and happy riding,
Hanna and the Bike Friday Team
We've been so lucky to have such strong support for our StartEngine campaign, here are some of the things that our investors have said:
"I’m a fan of Hanna and the whole Scholz family. I’ve been a Bike Friday owner since 1994 and have collected a garage full of wonderful Bike Fridays. Go, Hanna–the best days are ahead!" -Bruce H.
"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." -Rita B.
"Hello Wonderful Bike Friday People, I love my bike and, more importantly, love the mission of your company. I hope, even if you sell the company, that your commitment to the planet through bikes never wavers. I invested $500 and wish it could be more. I am a teacher, so I don't have more than $500 right now. But I am glad to be a small part of your investment endeavor. My daughter, who is 11, and I just started biking to school (she now attends the middle school where I teach), and even though she was quite anxious about biking with cars, she is now beyond excited to cycle to school and, recently, to the mall. She has asked me for car-free dad/daughter days. I am a single parent now, but my late wife was the first one to introduce me to longer-distance biking, which we even did while dating. I am fortunate to be able to carry on the tradition. I even bought my son a bike for his sophomore year in college at Oregon, because he is living in an off-campus apartment. He is not yet as excited as his younger sister, but, hey, cycling conversions happen one spoke at a time, so to speak. Good luck with this campaign and please keep me posted" -Steven F.
Just a few more days left for you to Invest and spread the word about us so we can reach more people and make more happy customers!
President, Bike Friday
There are only six days left to invest in Bike Friday's vision for sustainable transportation solutions. We've had a number of inquires about the benefits of investing in this campaign, which is very understandable, equity investing online is so new that most people haven't done it before. Here are several ways that you can benefit from this investment:
1. Brag to your friends that you are supporting American Manufacturing Jobs
2. You get a discount for life on anything at Bike Friday for investments $1,000 and more
3. Your stock can be sold at a profit if Bike Friday grows
4. There is a new online marketplace provided by StartEngine, called Secondary, where you can sell* your stocks to others
5. As Bike Friday increases it's profitability from implementing our campaign expansion plans, we may then pay dividends to investors/stockholders
Only 6 Days Left!
We are near the end of the campaign and need you, our most loyal fans and customers, to help us hit a home run. We've raised enough to make some important changes, but the closer we get to 500K the more we can improve our product offerings, decrease our lead times, and increase our profitability for 2018. If you believe in American Made, a product that helps the environment, and empowering female leaders then this is your opportunity to join something big and make a difference in the world all while doing something that also benefits you personally.
Hanna Scholz and the Bike Friday team
*The SEC requires that all stock sold online remain illiquid for the period of one year
Hi Bike Friday Fans,
Today marks one week remaining in this investment offering. First thank you for helping raise $165,000 of working capital so far! We now need your help again to spread the word to raise another $50,000+ in the next 7 days. The more working capital we raise the faster we can implement the improvements and changes as well as fully take advantage of this winter for building inventory to sell in spring 2018.
We are pleased to have a grand total of 125 investors and over $165,000 of investments so far, and every day more people are joining.
You are helping to bring convenient, sustainable transportation solutions to everyone and support Built in the USA!
President, Bike Friday
P.S. I'm loving the new Mid-Drive e-assist system for my Haul-a-Day! Just yesterday we went out to pick plums, we were able to pick 55 lbs., and the bike handled it beautifully over our ten+ miles of riding. The new Mid-Drive gave me all the support that I needed on the hills to barley notice that I was hauling anything at all! We can't wait to get this new system out to you, you're going to love it. Video and photos below!
The Cargo Flex bags are great for accommodating all sorts of loads, even heavy flats of fresh fruit!
Cancel anytime before 48 hours before a rolling close or the offering end date.
How much can I invest?
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.
When will I receive my shares?
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.
What will the return on my investment be?
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.
Can I cancel my investment?
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.
What is the difference between Regulation Crowdfunding and Regulation A+?
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.