NOVATO, Calif., July 16, 2013 /PRNewswire/ -- Wall&Main, the nation's most innovative crowdfunding company, today announced a first-of-its-kind program to crowdfund itself by offering frequent flyer miles, other valuable travel benefits, and unique financial services benefits to backers who become a Wall&Main Founding ChampionSM.
Frequent flyer miles are the centerpiece of Wall&Main's "Founding ChampionSM" packages, which offer from 150,000 to 1 million miles, in addition to annual TripIt Pro and Econoday memberships. The packages also provide a special set of financial services benefits, including advance access to crowdfunding deals offered through Wall&Main before they are made available to the general public.
Wall&Main's approach breaks new ground in the crowdfunding space in several ways. The firm is the first to crowdfund itself, and it is the only company to use frequent flyer miles to raise launch funding. For travelers, Wall&Main's Founding ChampionSM packages are the only place travelers can acquire this many frequent flyer miles in one transaction. All of the major U.S. airline programs limit mileage purchases to 100,000 miles per year. An unlimited mileage bonus of up to 1 million miles has never been seen.
Four Types of Packages
Wall&Main's Founding ChampionSM packages provide travel benefits and the following frequent flyer miles award:
- Bronze: $4,500 includes 150,000 frequent flyer miles
- Silver: $7,500 includes 250,000 frequent flyer miles
- Gold: $15,000 includes 500,000 frequent flyer miles
- Platinum: $30,000 includes 1 million frequent flyer miles
To view or purchase a Founding ChampionSM package, visit Wall&Main at http://www.wallandmain.com. For media who would like to listen to a live webinar to learn more, please go to the Wall&Main Google Plus home page. You must have a Google+ account to participate. The event can also be viewed on Wall&Main's YouTube page.
"The Founding ChampionSM packages are must-buy for any savvy traveler," said Randy Petersen, founder of FlyerTalk and InsideFlyer. "If travelers use the miles wisely, the packages could easily be worth two to three times the face value."
For example, the 1 million miles that are part of the Platinum package could be used for three round-trip, First Class standard awards between the U.S. and the South Pacific. Or, the miles could be redeemed for eight Business Class saver awards between the U.S. and Japan, or 10 Business Class saver awards between the U.S. and Europe. The miles are valid across the world's strongest airline network, including alliance destinations to 194 countries with many exciting vacation and business points around the globe.
Joyce Gioia, acclaimed management consulting and USA TODAY's Road Warrior of the Year, was the first to become a Wall&Main Founding ChampionSM by purchasing a Gold package that included 500,000 miles. "This is an outstanding opportunity to support a company that will make a real difference, while allowing me to acquire more frequent flyer miles at one time than I can get anywhere else," Gioia said. "I highly recommend it to everyone who values traveling First or Business Class and wants to save thousands of dollars."
Michael London, Founder & CEO of Wall&Main, said: "Backing Wall&Main is not just an opportunity to build the nation's most unique crowdfunding business; it is a way to accelerate economic growth by creating jobs across the country. Wall&Main is dedicated to reigniting the dynamism of the American economy and democratizing access to capital. By partnering with one of the leading global airlines and our other premier partners, Wall&Main has created an unprecedented set of travel benefits that represent a tremendous value."
Unlike other crowdfunding firms, Wall&Main will act like a business incubator, providing companies with a complete suite of business services before, during and after the crowdfunding event. Three firms have engaged with Wall&Main and plan to initiate a crowd-raise as soon as regulators from the Securities and Exchange Commission approve the final rules under the JOBS Act, which is expected in the second half of 2013.
Wall&Main, Inc., is the nation's most innovative crowdfunding platform. The only crowdfunding firm to crowdfund itself, Wall&Main is also the only company to offer its financial backers luxury travel benefits, including up to 1 million frequent flyer miles. Wall&Main's business ecosystem for crowdfunded firms provides support services to help companies across all industries grow and prosper. Follow us on Twitter, Facebook, Google+, and YouTube. For more information, visit http://www.wallandmain.com.