Meow Wolf putting the bite on investors who anted up when it needed help, critics say
Art Business

Meow Wolf putting the bite on investors who anted up when it needed help, critics say

0 The Meow Wolf ride that Nick Perry took was an investment on a crowdfunding platform, not the hallucinogenic thrill of the immersive art company’s Kaleidoscape at Elitch Gardens. But now that Meow Wolf is forcing a buy-back of shares from Perry and several other small investors, the Loveland resident feels like he’s been through a surreal experience. Perry was among the 621 people who answered the call in 2017 when the Santa Fe, N.M.-based art collective took to Wefunder, a crowdfunding service. The up-and-coming art collective, now an expanding enterprise, raised $1.3 million in one day. “They said, ‘What if you had gotten in early on Disney?’ That was one of the pitches,” Perry said. Since then, the company has raised millions more, including $158 million from 87 investors, according to a Securities and Exchange Commission report filed in May. Meow Wolf has signed a 20-year, $60 million lease on a 90,000-square-foot complex to open in Denver in 2021 and plans to open a new venue for its interactive art-entertainment extravaganzas in Las Vegas in 2020. The 37-year-old Perry, an artist and writer who has a remodeling company, previously made a small investment in Legion M, billed as […]

OrangeniusInc Tweets