Equity for Punks: Part Deux

Dear Client: It's the sequel nobody saw coming, but maybe everyone should have expected: BrewDog cofounder James Watt is back with another beer venture and another equity story to tell. BBC reported over the weekend that James is launching a new beer company called “Second Best,” promising up to 19.3% of the business to former BrewDog “Equity for Punks” investors burned in the company’s collapse and sale earlier this year. As James tells it, former investors will be able to