Struggling Bar Owner in New Biden Ad Is Actually a Wealthy Democratic Donor
The Biden team is under fire for releasing a TV campaign ad last week depicting a Michigan bar owner struggling to keep his business afloat during the pandemic.
What the ad fails to mention is the man is actually a wealthy tech investor who made contributions to the former vice president’s campaign. He also supported Michigan Gov. Gretchen Whitmer’s stay-at-home orders that kept businesses shuttered longer.
The ad, which was posted to YouTube on Thursday and aired Sunday on CBS during NFL games, features Joe Malcoun, who is listed as the “co-owner” of The Blind Pig, a once-popular bar and music venue in Ann Arbor, Mich. Malcoun blamed his business’ economic downturn on President Trump’s COVID-19 response. . .
After inheriting money from his wife’s grandfather, which he likened to “winning the lottery,” Malcoun said he founded CKM Capital Partners in 2013 and eventually became an “angel investor” in local tech companies, according to a 2018 interview with Click On Detroit.
He’s also served as CEO of Nutshell, a customer relationship management software company, since 2014, and under his leadership the firm raised at least $5.5 million in angel and venture capital, according to his Crain’s Detroit Business 40 under 40 profile. (Read more from “Struggling Bar Owner in New Biden Ad Is Actually a Wealthy Democratic Donor” HERE)
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