Q&A Interview with Tom Fanelli Founder / CEO Convesio

Tom Fanelli CEO / Founder Convesio

3 SEPTEMBER 2019 / 3:00 PM / WWW.MONEYSENSEWITHKYLE.COM

Attendees

Robert Kyle Martin Financial Blogger www.moneysensewithkyle.com, Tom Fanelli CEO / Founder Convesio

Agenda

Q&A Interview with Tom Fanelli CEO / Founder Convesio

Action Items

  1. Welcome – Robert Kyle Martin Financial Blogger www.moneysensewithkyle.com
  2. Q&A Interview questions Tom Fanelli CEO / Founder Convesio

Q&A Interview questions Convesio.

Welcome everyone. I'm Kyle Martin Financial Blogger at www.moneysensewithkyle.com. Today we have Tom Fanelli CEO / Founder of Convesio for a Q&A Interview to learn more about this startup company, What they do?, Where are they going?, How they will get there?, Obstacles along the way, and Why to invest in Convesio. Welcome Tom!

Thank you for having me.

Tom..tell us about yourself

Originally from Florida, I have been in technology, product and marketing roles over 20 years. My first real business was an agency in Southwest Florida that I started in the late 90’s. We eventually got into web design services way before there was anything like WordPress. I relocated to the San Francisco Bay Area over 10 years ago to join a software startup. That startup was acquired almost a year later by a company, RealPage. Not long after the acquisition, we took that company public on the NASDAQ (RP). After 6 years, I moved on to a large corporation that owns several hosting companies and currently hosts over 4MM sites. Throughout my career I have always been close to scalable web platforms, high volume hosting, and have had a passion for agencies. This is what brought me to the place of creating Convesio.

What does your company do?

We provide a scalable, high performance platform for agencies to create and manage WordPress websites. Technology for hosting really falls into two major categories. The first being legacy shared hosting, and by that I mean everything in that world from Dedicated, VPS, and Cloud Servers. Essentially this technology has not undergone any major evolutionary leap forward. The other category is where Amazon, Google Cloud, etc are positioned. The problem with these is they are costly and require special expertise to deploy and manage. This leaves many agencies in a really hard spot. Convesio is there to fill the void with a simple to use and cutting edge solution.

Where will your company be in 5 years?

I like to refer to Flywheel who was recently acquired by WP Engine at only 6 years old. When WP Engine purchased Flywheel they disclosed they were doing $18MM in Annual Recurring Revenue. WP Engine also indicated they were approaching an IPO and valuation of approximately a billion dollars. Once WP Engine goes public my thought is the market is going to heat up substantially. I see a lot of parallels between where the WordPress market is and where RealPage’s market was when we had our IPO. If you look at the PropTech market 10 years ago, it was not nearly as developed as it is now. VC money is pouring into it and more companies are going public, this was all facilitated by RealPage breaking the glass ceiling. I think a similar thing is going to happen in the WordPress space, but even more extreme.  

How far along are you? What's your biggest obstacle?

We’ve made tremendous progress in the last year. When we started we were not even sure this idea would make it out of R&D and now we are at a stage where we have raving fans who would be really bummed if they couldn’t use Convesio anymore. That proves we are delivering on our value propositions. In many ways we have the product, experience, and traction to build on our early stage success. The challenges now are staffing and providing a great customer experience as we scale. 

Who are your competitors? Who is the biggest threat?

Clearly WP Engine is a threat, simply because they have financial means and once they go public are going to likely be motivated to solidify their position in the market. Other competitors are companies like Flywheel (recently acquired by WP Engine), Kinsta, and Pantheon.

How will you make money?

We are a subscription based SaaS platform, so our primary means is to offer monthly or annual packages for our platform. In addition, we have several other revenue streams we will bring online as we grow to diversify our revenue.

On Wefunder.com Convesio has raised $713,218 of a $200,000 – $1,000,000 goal with 376 investors. How do you plan to spend the money raised?

The bulk of our funds will be used to scale marketing, sales, and support. We do have some continued investment in product and will need to scale servers as we grow customers, but the primary focus is sales and customer experience.

How are you different from other managed WordPress providers?



Our platform is very different. This is hard to explain without getting super technical, but we have built our platform from the ground up, designed to squeeze every drop of performance out of WordPress. Most hosting providers use the same legacy technology. So in this way we are very different, more scalable, stable, and faster.

What’s Next?

Our fundraising ends in October 2019, after that my focus is going to shift to scaling revenue and customers as quickly as we can without sacrificing quality of service.

Why should we invest in Convesio and how?

Hosting is a $100B a year business globally. There are no signs the growth in WordPress will slow down anytime soon. Over 75MM sites use WordPress and it’s the dominant choice by designers and agencies building websites. This is a rare opportunity to invest in a platform akin to Amazon Web Services but for WordPress. We have a very different approach the competitors in this space and our team is made up of seasoned experts. I’m confident this market is going to see significant growth during the next 10 years. Investing is easy, just visit our profile on WeFunder and you can start investing for as little as $100. Here's the Link: https://www.wefunder.com/convesio

Thank you Tom for sharing with us this exciting technology to create and manage WordPress websites. Audience, you now have the inside scoop on Convesio straight from Tom Fanelli the CEO / Founder of Convesio. Hosting sites can be costly and require expertise to deploy and manage. Convesio is there to fill the void with a simple to use and cutting edge solution. If you are interested in investing in this startup company the current campaign is at this Link: https://wefunder.com/convesio

Any questions contact Tom at Tom@convesio.com or use the Leave a comment on my website www.moneysensewithkyle.com That’s all for today. Thank you and we’ll see you in retirement.

Step 10 – Republic’s Commission and additional Resources in 2019

It's easy to get started investing at republic.co in 2019

Click on the link to get started:

The startups that raise on Republic set the terms at which they sell their securities.

Investing on Republic is free for Investors.

Unless specified otherwise in the deal terms, Republic collects from the startup 6% of the total amount raised and 2% of securities offered in a successful financing.

The 6% of the total amount raised comes out of the proceeds of the offering. Companies raising on Republic may also use the proceeds of their successful financing to pay for the escrow agent and other transaction-related fees.

To learn more about investing, please see https://www.sba.gov/starting-business/finance-your-business/venture-capital/venture-capital

To learn more about crowdfunding, please see the recently adopted rules.

The SEC has issued an Investor Bulletin that is quite helpful to gaining an initial understanding.
SEC Investor Bulletin: Crowdfunding (February 16, 2016)

To view SEC filings made by Republic and companies offering securities through this site, please see the SEC EDGAR database.


Next: Discover Live Offerings

Step 9 – Selling Restrictions | Can I sell securities acquired on Republic? in 2019

It's easy to get started investing at republic.co in 2019

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The startups that raise on Republic set the terms at which they sell their securities.

Because the startup company issuing the securities is private, you cannot sell your securities on the public market, making it potentially difficult to find a buyer.

In fact, you are restricted from reselling your securities in the first 12 months post closing of the offering, unless the shares are transferred:

  • to the company that issued the securities
  • to an accredited investor
  • to a nuclear family member: a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships.
  • in connection with your death, divorce, or other similar circumstance
  • to a trust controlled by you or a trust created for the benefit of a family member (defined as a child, sibling or parent of you or your spouse) or
  • as part of a later offering registered with the SEC.

Any transfer during this period is still subject to state and foreign laws.

You should know that there may be no market for the securities after the initial 12 month restricted period. Once the 12 month restricted period ends, any sale or disposition of the securities you hold must comply with applicable federal, state and foreign laws.

It is important that you only invest capital with the expectation of holding your investment for an indefinite period of time, and with the real risk of a total loss of your investment in mind. Only invest an amount you can afford to lose without changing your lifestyle.

Read Next:

Republic’s commission

Additional resources

Step 8 – Disclosure Requirements in 2019

It's easy to get started investing at republic.co in 2019

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The startups that raise on Republic set the terms at which they sell their securities.

Companies fundraising on Republic must disclose a limited amount of information to you, including:

a. general information about the company,
b. its officers and directors,
c. a description of the business,
d. the planned use for the money raised from the offering, often called the use of                    proceeds,
e. the funding goal,
f. the deadline for the offering, related-party transactions,
g. risks specific to the company or its business, and
h. financial information about the company.

You should use this information to determine whether a particular investment is appropriate for you.

The type of financial information disclosed as well as verification of finances varies based on whether the company has raised via crowdfunding in the past, as well as the amount being raised.

$107,000 or less – financial statements and certain specific line items from income tax returns are required, both of which are certified by the principal executive officer of the company.

$107,000.01 to $535,000 – financial statements are reviewed by an independent public accountant and the accountant’s review report is provided as well as certification by the principal executive officer of the company. A review is some level of scrutiny of the financials by a CPA.

$535,000.01 to $1.07 million – if first time crowdfunding, then financial statements reviewed by an independent public accountant and the accountant’s review report if available are disclosed: otherwise financial statements audited by an independent public accountant and the accountant’s audit report must be prepared and disclosed. An audit provides a higher level of scrutiny by the accountant than a review as well as some verification by the accountant.

Each offering has a discussion forum where you should ask any questions you have and review those asked by other investors. These channels can be useful both before and after making an investment.

Once an offering has closed, the company will provide updates on the results of its operations and financial statements through its website on an annual basis. These updates are likely to be less regular and robust than those provided by public companies to their shareholders. Republic likely will not retain any relationship with the company. Republic does not make the Company’s post-closing disclosure available to you through its website.

Read Next:
Selling restrictions
Republic’s commission
Invest in promising early-stage companies
Become an investor 

 

 

 

 

Q&A Interview | Sama Jashnani Co-founder/CEO DownToDash

19 AUGUST 2019 / 2:00 PM CST/ WWW.MONEYSENSEWITHKYLE.COM

Attendees 

Robert Kyle Martin Financial Blogger https://www.moneysensewithkyle.com, Sama Jashnani Co-founder/ CEO DownToDash

Action Items

  1. Welcome – Robert Kyle Martin Financial Blogger www.moneysensewithkyle.com
  2. Q&A Interview questions Sama Jashnani Co-founder/CEO DownToDash

Q&A Interview questions DownToDash

 Welcome everyone – I’m Kyle Martin Financial Blogger @ www.moneysensewithkyle.com. Today we have Sama Jashnani Co-founder / CEO DownToDash for a Q&A Interview to learn more about this startup company, What they do?, Where are they going?, How they will get there?, Obstacles along the way, and Why to invest in DownToDash. 

KyleWelcome Sama!

CEO / Founder Convesio

Sama – Thank you so much for having me, I really appreciate it. 

Kyle – Sama..tell us about yourself

Sama

I am an entrepreneur, connector, speaker and I also love dancing, trekking, adventure, food and just meeting new interesting people. I co-founded a social enterprise and e-commerce platform and worked at a global marketing agency. I also got a full scholarship to study Marketing and Strategy at Warwick Business School.  

Kyle – What does your company do? 

Sama

DownToDash is an app to make quality activity buddies. It connects people in the same location based on what they are down to do, whether it is workouts, sports, movies or other activities. Users can post specific plans, for example, play Tennis on Thursday at 5 pm at McCarren Park and other users can join. We will also add closed networks within the app for students and employees. For example an employee can verify his account through a delloitte.com email address and connect with employees only. Our focus will always be on the security of our users and finding a high-quality activity buddy. We will use Artificial intelligence and our algorithm to match people based on their skill level and ensure that they are a good match for the experience. 

Kyle – That’s some cool technology. Where will your company be in 5 years?

Sama

We project to be at 3.5 million users and $ 13.83 million in revenue in 5 years, using a conservative approach. We want to be the one-stop shop for meeting people all over the world. You can discover experiences, book the experience and your means of transportation through one app. We will also incentivize users to socialize by adding group discounts for experiences. We believe we have a strong exit potential and strategy (WeWork recently acquired MeetUp for $200 Million).

Kyle – Outstanding. How far along are you? What's your biggest obstacle?

Sama

We have 5286 users, 3913 monthly active users and 60,000+ successful plans created on the app. We created an internship program that was selected to be in the Top 100 Internship programs in the US by CNBC. Make it and want to scale this ambassador base. Also, we were recently featured on Entrepreneur Elevator Pitch Season 3. Our biggest obstacle is the inability to scale quickly without sufficient funding.

Kyle – Ok great. Who are your competitors? Who is the biggest threat?

Sama

The most similar existing platform is Meetup but Meetup operates only for groups and has no age filter. Bumble Bff and Vina are friend-focused but are only for female friendships. They are not focused on specific plans (example Tennis on Thursday at 5 pm). Moreover, Bumble is also a dating app. Our focus on activities and specific plans is our unique selling point. 

Kyle – We want to know,  How will you make money?

Sama

We offer $75, $100 and $200 per month advertising packages for the marketing of events and experiences. We are working on automating this process by incorporating ‘bookings' within the app, for example two people can book a Tennis court through the app and we will charge them a fee. We will also add paid accounts for users with premium features for $3 per month and gather patterns in our data to provide guidance and predictive analysis to companies that deal with specific cohorts.

Kyle – On Wefunder.com DownToDash has raised $19,550 of a $50,000 – $1,070,000 goal with 70 investors. How do you plan to spend the money raised?

Sama

51% towards technology and product development, 35% towards marketing and 14% towards our team and legal expenses. We will immediately invest in revamping the product and adding exciting features such as closed networks. We will also start Instagram ads and influencer campaigns.

Kyle – Fantastic! How are you different from other competitors?

Sama

Our focus is on security of our users and finding a high-quality activity buddy is what makes us different. Users love that our ‘plans’ feature is spontaneous and allows them to do what they love, according to their availability and preferences. Our millennial-friendly branding and positioning also gives us an advantage. 

Kyle – I know users love to know security is important and finding a high quality activity buddy set you apart. What’s Next?

 Sama     

 We got into Founder University by Jason Calacanis and are super excited to explore the tech ecosystem in San Francisco and also promote the app there.  

Kyle – Why should we invest in DownToDash and how?

 Sama

Technology and social media have been criticized to create loneliness, isolation and depression. We are using technology to foster real-life interactions and want to change the way people meet all over the world! This is your one chance to come onboard with this exciting opportunity of investing in an upcoming social media giant! Here is a link to our campaign: https://wefunder.com/downtodash/

You can also contact me at sama@downtodash.com for any questions. 

Kyle – Thank you Sama for sharing with us this exciting technology to bring people together. Audience, you now have the inside scoop on DownToDash straight from the Co-founder CEO of DownToDash. It’s a new exciting app that's going to be secure and bring high quality activity buddies together. If your interested in investing in this startup company the current campaign is at this link: https://wefunder.com/downtodash/. Any questions contact Sama at sama@downtodash.com or use the Leave a comment button on my website http://www.moneysensewithkyle.com. That’s all for today. Thank you and we’ll see you in retirement.

Step 7 – What are some of the Risks involved in Investing? in 2019

It's easy to get started investing at republic.co in 2019

Click on the link to get started:

The startups that raise on Republic set the terms at which they sell their securities.

Please be sure to carefully review the Risk Disclosures. The following section is excerpted from that lengthier document.

Some of the key risks to know before you invest in startups:

Crowdfunding investments are highly risky and speculative. You should do your own research and scrutinize all disclosed risk factors before making an investment decision. The following are some of the key risks applicable to Republic offerings:

Speculative. Investments in startups and early-stage ventures are speculative and these enterprises often fail. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. You should be prepared to lose your entire investment.

Illiquidity. Your ability to resell your investment in the first year will be restricted with narrow exceptions. You may need to hold your investment for an indefinite period of time. Unlike investing in companies listed on a stock exchange where you can quickly and easily trade securities, you may have to locate an interested private buyer when you do seek to resell your crowdfunded investment.

No voting rights. A Crowd SAFE does not provide voting rights to its holder, unless and until the Crowd SAFE or the note is converted into an equity stake. If and when you receive voting shares in a company, your voting rights will likely be diluted when the company raises additional funds.

Cancellation restrictions. Once you make an investment in a crowdfunding offering, you can cancel the investment at any time and for any reason up to 48 hours before the offering deadline.

Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult. You risk overpaying for the equity stake you receive. The class of equity being sold via a crowdfunding offering may have fewer rights than other equity classes issued by a company.

Limited disclosure. The company must disclose information about itself, its business plan, the offering, and its anticipated use of proceeds, among other things. An early-stage company may be able to provide only limited information about its business plan and operations because it does not have fully developed operations or a long history to provide more disclosure. The company is also only obligated to file information regarding its business annually, including financial statements.
Under certain circumstances the company may cease to publish annual reports and holders of the Crowd SAFE will have no information rights.

Investment in personnel. An early-stage investment is also an investment in the founding entrepreneur(s) and/or management of the company. Being able to execute on the business plan is often an important factor determining whether the business will be viable and successful. You should also be aware that a portion of your investment may fund the compensation of the company’s employees, including its management. You should carefully review any disclosure regarding the company’s use of proceeds.

Possibility of fraud. As with other investments, there is no guarantee that crowdfunding investments will be immune from fraud.

Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g. angel investors and venture capital firms). These investors often negotiate for seats on the company’s board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company primarily financed through crowdfunding may not have the benefit of such professional investors.

Again, please be sure to review more extensive Risk Factors here.

Read Next:
Disclosure requirements
Selling restrictions

 

Step 6 – What is equity Crowdfunding at Republic.co in 2019

It's easy to get started investing at republic.co in 2019

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The startups that raise on Republic set the terms at which they sell their securities.

You’ve probably heard the term “crowdfunding” before: perhaps in the context of a Kickstarter campaign or a GoFundMe page. It’s basically a financing model that collects small sums of money from a large number of people — i.e. the crowd — over the internet.
Equity crowdfunding uses that same basic model, but it's appropriate for startups, rather than causes and creative projects, and in return the backer gets a percentage of ownership or a financial stake in the company.*

* – On Republic, they typically get the Crowd SAFE.

How is equity crowdfunding different from other types of crowdfunding?

There are essentially three kinds of crowdfunding: reward-based, donation-based and equity-based.

1 Reward-based crowdfunding 
Is when you contribute money and get a reward in return. This is mostly used for creative campaigns, and there are often varying levels of rewards, or perks, that correspond to pledge amounts. Think Kickstarter and Indiegogo.

2 Donation-based crowdfunding
Is when you contribute money without expecting anything of value in return. This exists largely to fund charitable causes, like building a well in Kenya, or personal campaigns, like helping someone pay their medical bills. Think GoFundMe, YouCaring and CrowdRise.

3 Equity-based crowdfunding
Is when you contribute money to help fund the growth of a company, and receive a slice of the financial pie in return (but you can get perks too). These campaigns tend to yield much larger funding amounts. Think AngelList, FundersClub and yours truly, Republic.

What is Title III and why is it a big deal?

Equity investing isn’t new, but in the past only “accredited investors,” or wealthy people who earn more than $200,000 a year or have a net worth of over $1 million, were allowed to take part. In theory, this was to protect the non-wealthy from bad decisions and financial ruin, but the flip side was that ordinary citizens were denied the opportunity to invest as they saw fit. For example, AngelList, the world's most popular online investing platform, only allows accredited investors to invest.
That all changed in May 2016, when the SEC launched the new rules under the name “Title III” (full name Title III of the Jumpstart Our Business Startups Act, also called Regulation Crowdfunding or Reg CF for short).
President Obama’s words after he signed the bipartisan act, designed to make it easier for small companies to fundraise:

“For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in. — Barack Obama”

The rules stated that 1) entrepreneurs can now raise up to $1 million in a 12-month period from non-accredited investors, and 2) investors can invest a limited amount per 12-month period based on their income and net worth.
It might sound a bit dry, but this is big. We're talking democratization-of-finance big. It means potentially opening up to the masses opportunities once reserved for the rich. It means a level playing field, where citizens interested in investing are no longer treated differently based on the amount of money that they have.

Why we’re excited

Because more investors mean more startups, and more startups means more social innovation and progress. This is what it looks like to fund the future.
That’s why Republic is focused specifically on Title III equity crowdfunding. Read more about our mission here.

Why you should be excited

Well, we think you should be. To help you decide if startup investing is for you, see: how do I start investing in startups.
Even if you’re not ready to invest right now, join Republic — we’re a community of tens of thousands of people interested in startups and investing.


Read Next:
Risks
Disclosure requirements

Step 5 – How The CrowdSafe Works at Republic.co in 2019

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The startups that raise on Republic set the terms at which they sell their securities.

What is the Crowd SAFE?

A Simple Agreement for Future Equity

A Crowd SAFE is an investment contract between investors and companies looking to raise capital. Individuals make investments in exchange for the chance to earn a return—in the form of equity in the company—if it’s acquired or has an IPO.

The Crowd SAFE was created by Republic and is an equity crowdfunding-specific version of a SAFE, a financial instrument widely used by angels and VCs investing in startups. It’s now used by several industry players in various forms.

How does it work?

Investors using the Crowd SAFE get a financial stake in the company, but are not immediately holders of stock. Investments are converted to equity if certain “trigger events” occur, such as the company’s acquisition or IPO.

Risk note: trigger events are not guaranteed. Investors should see them only as possibilities.

How much can I earn?

Your return depends on your investment amount, the company’s exit valuation (how much the company is worth if and when the trigger event happens), and the terms of the Crowd SAFE.

Helpful calculators demonstrate how different offering terms and company outcomes produce a range of returns on investments.

Crowd SAFE Calculator

Risk note: If there is never an exit valuation you may never get a return on your investment.

Risk note: Calculators can't be used to project performance of one particular investment, but can serve as an educational tool for those making investment decisions on our platform.

Terms of the Crowd SAFE

Each company can customize its Crowd SAFE, including or excluding certain provisions. Most include a valuation cap and a discount. If the Crowd SAFE includes both a valuation cap and a discount, the provision more favorable to the investor applies if there is ever a trigger event.

Valuation cap

The valuation cap specifies the maximum valuation at which the investment converts into equity shares or cash. This means that investors, when a trigger event occurs, receive equity shares or cash at the valuation cap price—no matter the valuation at which the company sells. Therefore, the higher the valuation of the company at the time of sale, the greater the investor’s return.

Discount

If a trigger event for the company occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price relative to what others pay at IPO or for the company’s acquisition.

Crowd SAFE Calculator can help understand these terms better.

Risk note: If there is never an exit valuation you may never get a return on your investment. If no subsequent equity financing or trigger event occurs, the Crowd SAFE will not convert and produce no return for the investor, likely leading to a loss of invested principal.

Read Next:

What is equity crowdfunding Risks

Step 4 – Understanding Deal Terms at Republic.co in 2019

 

It's easy to get started investing at Republic.co in 2019

Click on the link to get started

The startups that raise on Republic set the terms at which they sell their securities.

Funding goal

Minimum funding goal

The minimum amount the startup needs to raise. If the startup doesn’t reach the minimum funding goal before the campaign end, their campaign is considered unsuccessful, and all investments are refunded to investors.

Maximum funding goal

Maximum amount of funds the startup is willing to raise in this campaign, at these terms. When the startup reaches their maximum funding goal, they stop accepting investments.

Campaign timeline

The campaign will run for a predetermined period of time, regardless of whether or not the startup reaches its minimum or maximum funding goal at any point.

 

Each crowdfunding campaign has:

  • 1 A start and an end date even if the startup reaches their minimum funding goal before the deadline, the campaign will run and remain open for investments until the deadline.
  • 2 Investment cancellation deadline a deadline for canceling investments is common to all campaigns and is at the 48 hours mark prior to the campaign's end date. Past that point, your investment will be final and you won't be able to cancel or get a refund.

Investment limits

The startup sets the minimum investment size they will accept. Republic allows startups to go as low as $10, but the typical minimum investment ranges between $25–$100. The startup can also choose to limit the maximum investment amount, if they wish to allow more investors to participate.

Terms of the Crowd SAFE™

When you invest on Republic, you typically receive a Crowd SAFE — a security issued by the startup. The Crowd SAFE is not equity, it is an agreement for future equity, meaning that it can convert to equity in the future. Each company Crowd SAFE's terms are different, but they typically include two main parameters – valuation cap and discount – that determine how the specific Crowd SAFE converts to equity.
Learn how the Crowd SAFE works.

Republic Crypto deals may use a different instrument called the Token DPA.

Changing the terms during the campaign

If a company makes a material change to the deal terms or other information disclosed on the campaign page while the campaign is running, they are required to notify you and get your confirmation that you still want to invest.

You will have 5 business days to reconfirm your investment after the confirmation request has been sent to you. If you do not reconfirm within 5 business days, your investment will be cancelled, and you would have to reinvest if you still wanted to participate.

Read Next:

How the Crowd SAFE works What is equity crowdfunding

Step 3 – How should I invest at Republic.co in 2019

It's easy to get started investing at Republic.co in 2019

Click on the link to start investing

Review these general guidelines for crowd investing

Please note: while Republic’s team diligently and carefully screens all startups with the goal of presenting you with the best investment opportunities, Republic does not give any investing advice or assume responsibility for your losses. It’s your responsibility to pick the companies you believe in. Please review Republics terms of service.

Invest long term

Set realistic expectations: even investments in companies that later succeed will not return your money for years, if at all. Never invest more than you’re comfortable losing.

Diversify

Spread your investments across multiple companies to diversify financial risk. Remember, that diversification is not a guarantee of profit and cannot protect against losses. Diversification involves investing in many types of investments.

Do your own research

Check company’s full filing (Form C) on SEC and get second opinions
Review risk disclosures in the risks section of the startup’s campaign page
Review and participate in the discussion forum for each offering you are interested in.
All companies that list on Republic register their fundraise through SEC. You can always find more information about each company if you follow the Form C link on their campaign page, or search SEC’s EDGAR database.
Learn about the company through other public sources. The information on the deal page is submitted by startups and Republic is not responsible for factually verifying this information. Republic does not and cannot recommend or endorse any company or offering.
Pay close attention to any disclosed dealings between the company and its officers, directors, employees or founders.

Review the deal terms

Review the terms of each deal carefully, including rights associated with the offered securities. You generally will not have the same rights as other investors (including voting and information rights).
See also: understanding deal terms.

Understand your rights

As an investor in a crowdfunding offering, you likely will have less rights than other investors. For example, Crowd SAFE holders typically don’t have any information or voting rights. Your rights may vary on a company to company basis and It’s important that you review and understand them.
See also: how Crowd SAFE works.

Know that:
1 Startup investing is risky!
While some startups succeed and can bring substantial upsides to investors, most will      fail. Read about the financial risks.
2 Past performance does not predict future success
Just because a founder has had success with a prior company doesn't mean he or she      will succeed with their current startup.
3 Startups change plans constantly
And they don't need your permission to do so. Plans and forecasts are not predictions       of the future.
4 Your stake might be diluted
As a company raises money, the ownership interest of each past investor will be                diluted.

Last but not least:
Invest in companies you love
Invest in a startup because you love their mission, product or service, not just for potential profit or return.

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