Topic: Get the Note - a digital token by Republic, a US company backed by Binance & Neo - page 6. (Read 3199 times)
May 13, 2019, 05:20:07 AM
What are the key components of preparing for my campaign?
May 13, 2019, 05:14:26 AM
What are GAAP Financials and when do I need them to be "Reviewed"?
May 13, 2019, 05:09:30 AM
Note: Standard Billing (per hour) includes $400 for an attorney, $150 for a paralegal, and $100 for a legal assistant. Flat-free pricing includes approximately 10 hours of legal review. Client may be billed based on the firm’s standard fee schedule for special circumstances. Any client work to be billed beyond the standard flat fee will require prior client approval and an applicable retainer.
May 13, 2019, 05:06:11 AM
How does Flat Fee Attorney pricing work?
May 13, 2019, 03:20:24 AM
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.
May 13, 2019, 03:19:23 AM
What is the typical campaign duration?
May 13, 2019, 03:15:42 AM
Does my company need to be incorporated in a particular state to fundraise on Republic?
May 13, 2019, 03:13:58 AM
Can companies based outside the US raise money on Republic?
No, only United States-based companies can raise via equity crowdfunding per US law.
May 13, 2019, 03:13:08 AM
Can companies based outside the US raise money on Republic?
May 13, 2019, 03:09:32 AM
Are there any restrictions on incorporation type for companies fundraising on Republic?
C-Corporations and Limited Liability Companies (LLCs) can fundraise on Republic. May 13, 2019, 03:06:38 AM
Is there a limit on how much I can raise?
May 13, 2019, 01:35:28 AM
What fees does Republic charge?
Investing on Republic is free for Investors.Companies pay only if they successfully reach their funding goal: 6% of the total funds raised in cash, and 2% as a Crowd Safe.
Companies raising on Republic may also use the proceeds of their successful
financing to pay for the escrow agent and other transaction-related fees. Related: how much does it cost to launch a campaign?
Example using a Crowd Safe: Equity Startup, Inc. raises $100,000 at $10M valuation and hits its funding goal, effectively selling an equivalent of 1% of its equity. Republic takes $6,000 and Crowd Safe with a $2,000 face value (0.02% in an equity equivalent).
Example using a Token DPA: Blockchain Startup, Inc. raises $100,000
and hits its funding goal, effectively selling $100,000 plus interest in tokens. Republic takes $6,000 and Token DPA with a $2,000 face value (later equivalent for cash or tokens).
Example using a Revenue Share: Revenue Startup, Inc. raises $100,000 and hits its funding goal, effectively selling $100,000 in debt with a revenue right. Republic takes $6,000 and a revenue right with a $2,000 face value (which will entitle Republic to payments as if Republic had put $2,000 into the offering).
May 12, 2019, 05:17:58 PM
I am a Canadian investor, can I participate?
Each company on Republic decides which jurisdictions to accept investors from and is responsible for ensuring they are compliant in that jurisdiction.
When an offering is open to international investors, Canadian investors are welcome to participate in offerings on Republic.
Canadian investors may be subject to additional holding requirements that exceed those that apply to US investors.
Canadian investors should consult with their local regulators and each company's Form C before investing.
Each company on Republic decides which jurisdictions to accept investors from and is responsible for ensuring they are compliant in that jurisdiction.
When an offering is open to international investors, Canadian investors are welcome to participate in offerings on Republic.
Canadian investors may be subject to additional holding requirements that exceed those that apply to US investors.
Canadian investors should consult with their local regulators and each company's Form C before investing.
May 12, 2019, 05:06:57 PM
How is my investment limit calculated on a 12 month rolling basis?
For compliance purposes, we use each offering's closure date to select investments in the rolling 12-month calculation, and not the investment commitment date.
Investment limits are calculated as (Investment commitments as of the date of the campaign they are associated's closing for the next 365 days + any disclosed Title III investments made on other portals).
For example, an investment commitment of $100 made on 1/1/17 for a campaign that closed successfully on 2/1/18, would count as being made and going against an investor's investment limit from 2/1/18 to 2/1/19.
This means that an investment made during a campaign can count against your 12 month rolling investment limit for more than 12 months depending on when the campaign closes. Please consult your investor profile to see your current limit.
For compliance purposes, we use each offering's closure date to select investments in the rolling 12-month calculation, and not the investment commitment date.
Investment limits are calculated as (Investment commitments as of the date of the campaign they are associated's closing for the next 365 days + any disclosed Title III investments made on other portals).
For example, an investment commitment of $100 made on 1/1/17 for a campaign that closed successfully on 2/1/18, would count as being made and going against an investor's investment limit from 2/1/18 to 2/1/19.
This means that an investment made during a campaign can count against your 12 month rolling investment limit for more than 12 months depending on when the campaign closes. Please consult your investor profile to see your current limit.
May 12, 2019, 05:22:45 AM
What fees does Republic charge?
May 12, 2019, 05:21:41 AM
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.
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 12, 2019, 05:20:44 AM
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.
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.
May 12, 2019, 05:18:40 AM
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.
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.
May 12, 2019, 05:15:04 AM
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.
May 12, 2019, 05:13:10 AM
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.
Jump to: