Check out the explainer video below to better understand our model.
Watch this video to meet our newest athletes.
INVEST IN THEIR CAREERS NOW2023 Cohort Player BiosSee Form C for Additional Information
We've created our deal structure and pricing tiers based on traditional golf club memberships. Our goal is to provide the right packages for all golf fans, whether you're seeking the most exclusive experiences or just want to be part of the action.
Target Raise: $1,150,000
Minimum Investment: $250
In addition to the perks and benefits noted below, and throughout this site, Fan Investors will receive a pro-rated share of the following cash flows, when applicable, based on their investment contribution and total amount raised:
(1) 15% of golfers' gross, on-course earnings whenever they compete in tournaments
where the purse is at least $1,500,0001
(2) 15% revenue share from the managing entity, Carry: Athlete Investing Inc.
(C-Corp), from all advertising / affiliate marketing revenues it generates during the
lifespan of the Carry Golf Club (LLC)
For additional investment term info, please see the Form C.
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Carry facilitates upfront funding for golfers from Fan Investors. In exchange for their contribution to our golfers' careers, Fan Investors gain access to unique experiential engagement opportunities and potential financial returns. Our golfers return 15% of their gross, on-course winnings only when they compete in tournaments with purses equal to at least $1.5M. The duration for which they return a percentage of their winnings is determined by the number of years they received funding via Carry's platform. For golfers who receive funding in only one year, their return obligation is for four years. For golfers who receive funding in two years, their return obligation is for seven years. For more information, please review our Form C.
Our goal from the outset was to truly democratize private investments in golfers, so that all fans are able to champion their favorite up-and-coming players' careers and participate in the potential financial upside. This is why we are raising via Regulation Crowdfunding (CF) for the 10 golfers in the 2023 Cohort. This enables virtually anyone who is 18 years of age or older to participate, regardless of their accreditation status. We're excited to make this offering available to a large audience of golf fans, and we encourage anyone who has questions re: Reg CF raises, to visit the SEC's website here.
While it's certainly possible to generate meaningful returns from the future earnings of golfers, we caution anyone who is interested in our platform primarily based on profit motivations to consider other investment opportunities. Our base case model for this offering, which includes a range of assumptions, is that Fan Investors will receive their money back, with a nominal return, assuming a (7)-year time horizon. If our golfers achieve significant success on the top tours, then the return profile will likely increase; however, there is no guarantee of returns and investing in innovative securities like our offering is risky. You should invest knowing that the entire amount is at risk. If you love golf and want to have fun while living vicariously through rising professional athletes, and potentially make some money in the process too, then we're the right fit for you. For more information, please review the Form C.
Our goal is to raise $1.15M through this crowdfunding campaign. That would give us enough capital to fund two full seasons of competition for 10 golfers. Assuming a successful fundraise, all golfers in our 2023 Cohort who receive two season's worth of funding via our platform will be obligated to return 15% of their earnings for (7) years. Continuing with our assumption of a successful fundraise, our contracts with the 2023 Cohort golfers allow them to opt out of a second season of funding (they would have until December 15, 2023 to decide). Should golfers opt out of a second season, or should we only raise enough to fund players for one season ($575K), then the golfers will only be obligated to return 15% of their earnings for (4) years. Importantly, if we're successful with our campaign to raise $1.15M, this entity will exist for (7) years, even if all of our 2023 Cohort golfers opt out of a second season's worth of funding. Although highly unlikely, were all 10 golfers to opt out of a second season, then we would identify and sign new players to custom contracts in keeping with the spirit of our mission and model. One thing we know for certain is that there are plenty of talented golfers out there looking to be part of Carry. For more information, please review the Form C.
As applicable, Carry will distribute annual "dividends" to Fan Investors at the end of every year, throughout the lifespan of the Carry Golf Club. For more information, please review the Form C.
Investors other than accredited investors are limited in the amounts they are allowed to invest in all Regulation Crowdfunding offerings (on this site and elsewhere) over the course of a 12-month period: If either of an investor’s annual income or net worth is less than $107,000, then the investor’s investment limit is $2,200, or 5 percent of the greater of the investor’s annual income or net worth, whichever is greater. If both an investor’s annual income and net worth are $107,000 or higher, then the investor’s limit is 10 percent of the greater of their annual income or net worth, or $107,000 whichever is greater. Accredited investors are not limited in the amount they can invest.
As a reminder, both accredited and non-accredited investors are able to participate in this crowdfunding campaign.
To be considered an accredited investor, you must meet the following financial or professional criteria:
Financial Criteria:
1) Personal net worth over $1 million, excluding primary residence (individually or with spouse or partner),
(or)
2) Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year
Professional Criteria:
1) Investment professionals in good standing holding the general securities representative license (Series 7), the investment adviser representative license (Series 65), or the private securities offerings representative license (Series 82)
(or)
2) Directors, executive officers, or general partners (GP) of the company selling the securities (or of a GP of that company)
(or)
3) Any “family client” of a “family office” that qualifies as an accredited investor
(or)
4) For investments in a private fund, “knowledgeable employees” of the fund
Calculating net worth involves adding up all your assets and subtracting all your liabilities (excluding the value of the person’s primary residence). The resulting sum is your net worth.
You may cancel your investment at any time, for any reason until 48 hours prior to a closing occurring. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To submit a request to cancel your investment please e-mail: info@carry.golf
For this iteration, all investment dollars received for our 2023 Cohort, via the Carry Golf Club LLC, will be evenly distributed across the entire group. We believe this diversifies the return opportunity for our Fan Investors, while enhancing the overall experience of following more golfers and ensuring all players in the 2023 Cohort get the funding they need to keep climbing towards the top tours.
We aim to foster real relationships between our Fan Investors and athletes. Fan Investors are not just sources of capital for financial transactions. They are essential backers who get to feel what it's like to be "inside-the-ropes" through exclusive engagements like VIP golf outings with our pros and fellow community members.
We are planning for an end-of-season golf retreat, including a Pro-Am tournament, for our athletes and a group of Fan Investors during November 12-14, 2023. The intended destination is Streamsong Resort in Florida; however, the trip itinerary and destination are still pending confirmation. If we ultimately do not host the retreat at Streamsong, then we will ensure that our next option is also a highly-prized golf destination.
We intend to have at least one annual, end-of-season golf retreat to bring together our golfers and as many Fan Investors as possible. For 2023, we will prioritize invitations to Fan Investors who participate in our crowdfunding campaign at the $10,000+ "Leaders in the Clubhouse" level. In subsequent years, we envision being able to convene larger groups, and intend to make invitations to our retreats available on a first-come, first-serve basis. We will also be facilitating luxury golf trips with our preferred golf travel concierge, Fairways 2 Heaven (F2H). More information will be made available for these premier F2H trips soon.
We're honored to be able to provide Fan Investors with perks and discounts from our initial brand partners. These companies stepped up to support this crowdfunding campaign because they believe in our athletes and our mission, just as we believe in their leadership teams, businesses, and products. We encourage everyone to make use of their product discounts and perks and we look forward to being able to provide additional benefits to Fan Investors throughout the lifespan of the Carry Golf Club.
Absolutely. As you heard from Harry's video above, funding is such a critical part of the game, especially early in a professional golfer's career. There are countless examples of pros who benefited from the generosity and financial support of investors and backers, only to ultimately go on to have incredible pro careers. The current US Ryder Cup Captain, Zach Johnson, is just one example of someone who wouldn't be where he is today without the support of others.
If the stories of Harry and Zach don't do it for you, check out what one of our initial pilot program golfers had to say about the impact of the support she's received from Carry:
With our model, Fan Investors receive unique access and special experiential engagements with our athletes, and other community members, in addition to potential investment returns.
We’ve created a new investment product for rising pro athletes who have a difficult time accessing the patient capital they need to train and compete the right way. We refer to our product as a Contingent Agreement for Shared Earnings (“CASE”). In developing the CASE, we considered traditional Income Sharing Agreements and other equity financing products. However, we believe the structure of the CASE best aligns the interests of our two marketplace customer bases – sports Fan Investors and athletes. With the CASE, athletes receive upfront capital as an equity investment in their professional development and are only required to return capital if they make it to the top level of their sports. For the purposes of this offering, we've identified the top level of golf as tournaments where the purses are at least $1,500,0004. Athlete investment returns are paid for defined durations at defined rates, clearly noted in the CASE, which is signed by all athletes and Carry.
We cannot give tax advice, and we encourage you to talk with your accountant or tax advisor before making an investment.
If we do not reach our minimum funding goal, all funds will be returned to committed Fan Investors after we close our offering.
Sports fan engagement platform, democratizing investments in golfers
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234 Seven Farms Drive, Daniel Island, SC 29492
