SHOOTING RANGE HOPES TO BE FIRSTEVER FINANCED BY CROWDFUNDINGBy:  Ac'on  Target

The  Machine  Gun  Nest  has  the  chance  to  becomethe  first  shoo'ng  range  ever  to  be  successfully  financed

through  crowdfunding  and  may  pave  the  wayfor  other  ranges  like  it.

 With  crowdfunding  expected  to  explode  in  the  next  year  andwith  the  implementa'on  of  public  equity  financing  coming

soon,  the  shoo'ng  range  industry  has  a  unique  opportunity  tobypass  tradi'onal  financing  op'ons  and  get  direct  support

from  the  shoo'ng  community  itself.

While  there  are  likely  to  be  many  failed  campaigns  along  theway,  there  will  also  be  those  who  rise  to  the  top  and  pioneer  a

new  business  model  for  shoo'ng  ranges  everywhere.

THERE ARE ONLY A FEW TRADITIONALWAYS TO RAISE TO FINANCE A NEWBUSINESS OR PROJECT,•  You  can  talk  to  local  investors•  You  can  apply  for  a  small  business  loan•  You  can  beg  a  rich  uncle

CROWDFUNDING TURNEDTRADITIONAL FINANCING ON ITS HEAD.Crowdfunding  began  when  fans  of  Bri'sh  rock  bandMarillion  collec'vely  financed  one  of  the  bands  tours.Crowdfunding  began  to  catch  on  with  ar'sts,  filmmakers,and  inventors  with  a  total  of  $2.7  billion  raised  in  2012alone.Crowdfunding  has  now  been  made  relevant  to  smallbusinesses  and  startups  through  the  passing  of  the  JOBS  Actwhich  makes  provision  for  solicita'on  of  equity  financingfrom  the  general  public.

THE MACHINE GUN NEST INFREDERICK MARYLAND ISNOW USING CROWDFUNDINGTO FINANCE THE BUILDINGOF THEIR INDOOR RANGE.The  Machine  Gun  Nest  has  seen  ini'alsuccess  with  $22,000  raised  in  the  first24  hours  through  Indiegogo.

Owners  Rob Krop and Matthew Jones  plan  toopen  The  Machine  Gun  Nest  regardlessof  whether  they  hit  their  campaign  goalof  $500,000.

THE MACHINE GUN NEST INFREDERICK MARYLAND ISNOW USING CROWDFUNDINGTO FINANCE THE BUILDINGOF THEIR INDOOR RANGE.Other  shoo'ng  ranges  have  aTemptedto  finance  themselves  through  Indiegogoin  the  past,  but  only  one  managed  toraise  more  than  $195  aVer  a  full  60-­‐daycampaign.  The  difference  with  TheMachine  Gun  Nest  campaign,  Krop  says,is  that  they’re  hi\ng  the  pavement  andtalking  to  people  about  it  in  person  aswell  as  online.

Opening  the  range  may  not  be  The  Machine  Gun  Nest’sbiggest  achievement,  however  the  range  has  the  chance  tobecome  the  first  shoo'ng  range  ever  to  be  successfully

financed  through  crowdfunding  and  may  pave  the  way  forother  ranges  like  it.

With  crowdfunding  expected  to  explode  in  the  next  year  andwith  the  implementa'on  of  public  equity  financing  coming

soon,  the  shoo'ng  range  industry  has  a  unique  opportunity  tobypass  tradi'onal  financing  op'ons  and  get  direct  support

from  the  shoo'ng  community  itself.

While  there  are  likely  to  be  many  failed  campaigns  along  theway,  there  will  also  be  those  who  rise  to  the  top  and  pioneer  a

new  business  model  for  shoo'ng  ranges  everywhere.

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