Eddie Ortega’s crowdfunded cigar operation is nearing completion. With 13 days remaining, the project has reached 77 percent of its goal. “I’m going to get around 100 people involved,” Ortega told halfwheel. Those 100 or so people will have a chance to pick the blend and size of a cigar made at My Father Cigars S.A. and the cigar will be given exclusively to those who are supporters of the projects. Crowdfunding involves having multiple individuals pledge certain amounts, usually with various rewards offered for participation, in order to reach a certain goal. It is a virtual online pledge drive, but not necessarily for charities. Websites like Kickstarter and Indiegogo have been the two main sources of crowdfunding, but cigars present their own obstacles. While crowdfunding breweries, distilleries, wine and a host of other alcohol projects are all allowed by Kickstarter, the largest crowdfunding base, tobacco is prohibited. Ortega admitted that one of the largest obstacles to The Ortega Project was figuring out how to accept processing for the project. Given how difficult the approval process was, he said he’s open to allowing supporters to use the backend of the operation for other things such as accessories. Pledge levels start ...
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