There have been lots of comments and discussion about the role of Venture Capital (VC) firms. Historically VC have developed a reputation for rapid "flipping" of small businesses for quick profit. However, that stereotype isn't the only way that VC firms operate. Sometimes the VC is in for the long haul and invests money to make a long term profit. A recent article presents an interesting case looking at the impact of at least one VC in the area of Craft Beer and Breweries. "Last month, the CANarchy Craft Brewery Collective announced the launch of a brewpub that will take over the Lexington Avenue Brewery (LAB) in Asheville, N.C. Dubbed the CANarchy Collaboratory, the space promises to be a one-of-kind brewery and creative hub where brewers, chefs, artists, and musicians will cocreate under one roof. CANarchy, established in 2015, currently includes seven breweries: Oskar Blues, based in Longmont, Colo.; Cigar City of Tampa, Fla.; Three Weavers of Inglewood, Calif.; Perrin of Comstock Park, Mich.; Deep Ellum of Dallas; and Utah Brewers Cooperative’s Squatters Craft Beers and Wasatch Brewery, based in Salt Lake City. The group purports to be a “disruptive collective of like-minded brewers dedicated to bringing high-quality, innovative flavors to drinkers in the name of craft beer.” Of course, no collective stands alone. CANarchy is backed by Fireman Capital Partners (FCP), a private equity firm helmed by the founder of Reebok. The partnership raises several questions for craft brewers and drinkers: What’s the founder of Reebok doing investing in beer? What’s so “disruptive” about being funded by a private equity firm? And, ultimately, what does the future hold for CANarchy’s individual brewers?" The full article appears here: https://vinepair.com/articles/fireman-capital-craft-beer-canarchy/ As the article points out, VC money does not necessarily weaken the Companies it supports and even appears to be able to strengthen the future for Craft Breweries.