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ยท Posted on
February 21, 2024

T-shirt makers Threadheads just smashed a crowdfunding record and they must give thanks to Dan Andrews

T-shirt maker Threadheads just made equity crowdfunding history, with the highest expressions of interest in history.

What's the key learning?

  • T-shirt maker Threadheads has more than 240,000 customers around the world and brought in $13 million in revenue over the past 12 months
  • Threadheads broke the record for the highest number of expressions of interest in Australian equity crowdfunding history
  • Equity crowdfunding allows everyday investors to invest in early-stage business in exchange for ownership in the business.

๐Ÿ‘‰ Background: Threadheads is a Melbourne-based pop culture t-shirt maker. They printed tees featuring Dan Andrews' face on them saying 'get on the beers'... And inked licensing deals with Warner Bros, Activision, and more.

๐Ÿ‘‰ What happened: This crew now have a pretty significant cult following, with more than 240,000 customers around the world and $13 million in revenue over the past 12 months.

๐Ÿ‘‰ What else: Now, Threadheads is going down the equity crowdfunding route. In fact, it just broke the record for the highest number of expressions of interest in Australian equity crowdfunding history.

What's the key learning?

๐Ÿ’กEquity crowdfunding allows everyday investors (i.e. me, you, ya mates) to invest in early-stage businesses in exchange for ownership in the business.

๐Ÿ’กNormally, it's easy for retail investors to invest in public companies once they're public. It's a lot trickier to get access to early stage private companies. So, equity crowdfunding gives everyone the opportunity to reap those rocket ship startup returns ๐Ÿš€๐Ÿš€๐Ÿš€ (if it succeeds, obvi).

๐Ÿ’กIt's different to crowdfunding (i.e. Kickstarter campaigns), which is where people just donate to businesses. Often, companies use equity crowdfunding as a tool to raise cash because their new investors become their biggest advocates.

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