James Watt, co-founder of the Scottish craft brewery BrewDog, has launched a new beer business named Second Best. This initiative invites former 'Punk' investors, who previously supported BrewDog, to reclaim their stakes for free. Watt, who started BrewDog with Martin Dickie in 2007, expressed his commitment to building a successful beer business that prioritizes quality and community ownership. He announced that up to 19.3% of Second Best will be allocated to these investors, allowing them to be 'Second Founders' rather than traditional shareholders. The new brand's offerings will include popular beer styles such as American Pale Ale and American IPA, although a specific launch date has yet to be determined. Watt stated that he takes his obligation to create value for investors seriously and aims to build a world-class beer business from the ground up. An official launch event will be organized once all necessary licenses and approvals are obtained, with Watt hinting at an interesting alcohol-adjacent concept to be introduced in the meantime.