What is the typical campaign duration?
Republic campaigns usually last 30-60 days. If you need to run a campaign for a longer time, please let us know.
Topic: Get the Note - a digital token by Republic, a US company backed by Binance & Neo - page 15. (Read 3199 times)
May 03, 2019, 09:15:42 PM
Republic campaigns usually last 30-60 days. If you need to run a campaign for a longer time, please let us know.
May 03, 2019, 09:00:18 PM
Can companies based outside the US raise money on Republic?
May 03, 2019, 08:54:51 PM
Is there a limit on how much I can raise?
May 03, 2019, 08:51:46 PM
What fees does Republic charge?
May 03, 2019, 08:50:44 PM
How much does it cost to raise on Republic?
Raising via investment crowdfunding on Republic is not a heavy lift, contrary to what you might expect.
Please note: these fees are not paid to Republic, but are objective costs associated with preparing the documents and running a compliant campaign. Republic only takes commission on successful campaigns.
Form C: $1,500
The SEC requires fundraising companies to provide certain information on Form C. This disclosure informs prospective investors and is provided to the SEC. iDisclose, a third party service provider, helps you complete a Form C in about 9 hours when it would normally take over 4 weeks manually. We also have inhouse staff to help you along the way. You are required to pay this cost up-front when you start using the service.
Escrow: Approximately $1,500
All campaigns must have an escrow agent. The costs of escrow vary depending on the number of investors you end up with and is not paid until after the campaign is over, directly out of the proceeds of the escrow account.
Baseline cost total: $3,000
Financials: $1,000–$4,000
If your financials are not complex, you have been diligent with bookkeeping and you are organized expect this cost to be in the middle to lower range. If you already have GAAP converted financials your costs will be lower. If you have a licensed CPA on the team your costs can be $0. If you use professionals expect the bill to be sent once services are complete.
Video: $0
Spend as little or as much as you want. It’s up to you. Already have a video? Chances are you can use that for your campaign.
Attorney review: $0-$3,500
If you have an in-house counsel or your own representation, you can use their services. If you need representation, our partners offer a flat fee structure for Form C compliance and legal review. In addition they will file your Form C, all amendments during the campaign (if applicable) and your post campaign Form C-U declaring the campaign end. Finally, they will help you setup and review your investor agreement (i.e., the security you are selling to investors - most likely our Crowd Safe). This bill is typically paid upfront.
Marketing budget: $0
We highly recommend, but do not require, you to spend money on marketing, social media or otherwise. There might be a live event you want to attend, you might decide to have a party. These costs are optional and you decide on the total costs, but can have major impact on how much you raise.
Credit Card: ~3.5%
If you would like your investors to have the convenience of using a credit or debit card for investment a ~3.5% fee is charged by the service provider. For example if an investor uses their card for a $100 investment your fee would be $3.50. This would only apply to investments made with a credit or debit card, and only if the campaign is successful. Please note, currently Token DPA offerings cannot utilize credit card processing.
May 03, 2019, 05:58:23 AM
Now you can be an angel investor
Invest as little as $10 in private startups and earn a return if the startup succeeds.
$ 10 - minimum investment Invest as little as $10 in private startups and earn a return if the startup succeeds.
May 03, 2019, 05:56:54 AM
Access the startup world
Invest in startups alongside leading venture capitalists and top angel investors.
thanks for the support! Invest in startups alongside leading venture capitalists and top angel investors.
May 03, 2019, 12:53:02 AM
Currently, the SAFT (Simple Agreement for Future Tokens) is the instrument widely used by blockchain companies to pre-sell tokens. Republic Crypto aims to change that with the Token DPA. Although the SAFT dominates as a token presale agreement with accredited investors, Republic believes that this instrument is not optimal for less sophisticated retail investors––specifically when the SAFT includes no maturity date or a provision to claim company assets if a project fails. The use of the derivative SAFTE (Simple Agreement for Future Tokens & Equity) which provides the prospect of future equity may not provide adequate protection if the project fails as equity holders are generally below debt holders in the event of a liquidation.
Our team realized: Who wants an IOU when we have existing established regimes for lending money to projects and leaving deposits on future purchases?
Our team realized: Who wants an IOU when we have existing established regimes for lending money to projects and leaving deposits on future purchases?
May 03, 2019, 12:43:32 AM
Raise funds
Republic gives you access to a new and vast pool of capital. Raise funds from anyone: your community, customers, partners and millions of retail investors around the world.
Republic gives you access to a new and vast pool of capital. Raise funds from anyone: your community, customers, partners and millions of retail investors around the world.
May 03, 2019, 12:42:36 AM
More than cash
Equity crowdfunding allows you to market and grow your business and get paid to do it.
Equity crowdfunding allows you to market and grow your business and get paid to do it.
May 03, 2019, 12:41:13 AM
Angels and VCs bring expertise but the crowd brings customers and fans.
Naval Ravikant, AngelList
Investor in Twitter, Uber, Yammer; Advisor of Republic
Naval Ravikant, AngelList
Investor in Twitter, Uber, Yammer; Advisor of Republic
May 03, 2019, 12:39:49 AM
We have created a startup-friendly process that makes crowdfunding as easy as possible.
Our streamlined process and partnerships drive the cost of fundraising down to a minimum.
You don’t need to have a lawyer or a CPA.
Our streamlined process and partnerships drive the cost of fundraising down to a minimum.
You don’t need to have a lawyer or a CPA.
May 03, 2019, 12:38:53 AM
Expertise
We have created and open-sourced the Crowd SAFE™ as the fundraising instrument specifically optimized for equity crowdfunding. It has since been successfully adopted by the industry.
We have created and open-sourced the Crowd SAFE™ as the fundraising instrument specifically optimized for equity crowdfunding. It has since been successfully adopted by the industry.
May 03, 2019, 12:37:58 AM
Republic's Crowd SAFE ensures that:
All your crowd investors represent a single line on the cap table.
There are no additional operational or tax reporting burdens.
Your future rounds (including those from VC) will not be impacted.
May 03, 2019, 12:33:06 AM
We have been blown away by the success of the Republic campaign. When I heard about Republic last fall, I knew that I would launch a campaign with them. Their intentions, platform, team, and process are exactly what founders need to be successful.
Desiree Vargas Wrigley, Pearachute.
Reached maximum goal, raised $250k.
Desiree Vargas Wrigley, Pearachute.
Reached maximum goal, raised $250k.
May 03, 2019, 12:14:17 AM
If you have general questions regarding investing in startups on Republic.
Please note: questions relating to specific startups listed on Republic should be directed to startup founders directly, via the discussion section on the startup’s page. [email protected]
Please note: questions relating to specific startups listed on Republic should be directed to startup founders directly, via the discussion section on the startup’s page. [email protected]
May 03, 2019, 12:12:38 AM
If you have questions regarding your company eligibility, the process of creating and publishing your offering on Republic, preparing or filing Form C: [email protected]
May 02, 2019, 12:28:52 PM
Naresh Mulchandi started Fretch as a one-man team.
He did all of the IT, the marketing -- even the grocery deliveries. In today's #Superheroes post, Naresh talks about the highs and lows of leaving his corporate life behind to jump start his own venture.
Read more: https://republic.co/blog/naresh-mulchandi-fretch?utm_content=buffer0bd98&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR1fEQbooQc5qqqYO76mMrprOL6fKnXgGhFODr3i4gv7ESZIKIpDZjOWAZk
He did all of the IT, the marketing -- even the grocery deliveries. In today's #Superheroes post, Naresh talks about the highs and lows of leaving his corporate life behind to jump start his own venture.
Read more: https://republic.co/blog/naresh-mulchandi-fretch?utm_content=buffer0bd98&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR1fEQbooQc5qqqYO76mMrprOL6fKnXgGhFODr3i4gv7ESZIKIpDZjOWAZk
April 30, 2019, 07:04:30 AM
Can I fund my investment via multiple payment methods?
While Republic supports multiple payment methods, you can only use one payment method per investment. April 30, 2019, 06:58:20 AM
If I receive a Crowd SAFE, is my investment an equity interest?
Crowd Safes (SAFEs) are not common stock. Common stock represents an ownership stake in a company and entitles you to certain rights under state corporate law and federal securities law. A SAFE, on the other hand, is an agreement to provide you a future equity stake based on the amount you invested if—and only if—a triggering event occurs. SAFEs do not represent a current equity stake in the company in which you are investing. Instead, the terms of the SAFE have to be met in order for you to receive your equity stake.Read more at: investor.gov
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