Fairmint - Share your company's success with your community
byโข
Give your community skin in the game. Fairmint empowers you to grant equity to anyone that adds value to your company and passively receive investment from your biggest fans. Launch in a few clicks and get back to building your business.
Hi Product Hunt๐!
Iโm Joris, co-founder of Fairmint. I am thrilled to launch today on Product Hunt!
Since 2007, I've been working on ways to give more ownership and equity to people who add value to my companies. I wanted to give them more skin in the game, to be able to share the profits I had from the success of my businesses. But aligning interests and sharing your equity is so hard. Traditional equity is an outdated model โ lots of intermediaries, designed for big checks, and reserved for insiders.
In late 2018, with my co-founder @thibauld , who is also a serial entrepreneur and angel investor, in crypto for a decade, we started to design an equity tool that would offer a 10X better experience.
โ We wanted our product to benefit both the founder and their community.
โ We wanted founders to be able to issue and distribute equity simply, without all the hoops.
โ And we wanted individuals to be able to invest or earn equity in companies they love.
๐ Introducing Fairmint, equity of the future.
Fairmint empowers founders to receive investment from their biggest fans as well as VCs and grant equity to anyone that adds value to their company, like users, gig workers, employees -- anyone really. You can launch in minutes, and get back to building your business.
To put it simply, we are building the Shopify for equity.
Inspired by the crypto movement, we've built a full-stack solution with every process automated on-chain โ giving our product the transparency, programmability, and compliance our customers deserve.
During our successful beta phase, we helped a dozen of start-ups raise over $20M from their community. And as "skin in the game" is our motto, we eat our own dog food ๐ค. We've used our own technology to raise $7.4 million to date from 330 investors all around the world who support our mission. You can check out how much we've raised from our community and where our valuation is right on our home page.
Have you ever woken up in the morning with $10K or even $150K in your account from an investor you never even pitched? We have and so have our customers. It's an aha moment for them. With Fairmint, you can raise in your sleep ๐
The cherry on top is that it's completely free until you get your first investment, making it a no-brainer for founders at any stage.
Big picture, we believe Fairmint will help democratize access to opportunities to create wealth that were previously reserved for insiders. When the next Airbnb or Uber goes public, the earliest hosts, drivers, guests, and riders should access the financial upside that the community helped build.
We're super excited for the Product Hunt community to take a look at what we've been up to.
Best,
Weโd love to hear any and all feedback you have and weโll be looking at comments here all day.
Love to see such an international community rooting for Fairmint ๐ฅ
Many french founders @edouardpetit@etienne_l@philippe_honigman and many others... seems like launching Fairmint to France should be bumped up in our (long) priority list ๐
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This is totally awesome. The concept, the execution, the tech. You guys are onto something big here. Kudos.
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...Also your video is super cool. I have to admit that I don't usually have the time to stick around until the end, but this had me hooked, and made me chuckle. TOP work.
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Congrats on the launch guys, I can't wait to tell my team about this! (that 'Invest' CTA is a game-changer!)
๐ @dan_robins Appreciate the kudos โค๏ธ The team is often among the biggest asset you get in a company. Ours is dedicated, united, mission-driven. It helps deliver from conception to production, even on complex and legal matters. Thank you, Dan, and more than happy to continue our discussion any time, on telegram or email: jorisATfairmint.co
This video is EPIC I agree.
I remember my 1st feeling when I watched videos from Adam Lisagor at Sandwich.
I thought: if I need to explain a complex thing, Adam is the storyteller I want. A few weeks after, we had a zoom together and at the end of the meeting, he invested!
It was obvious then we would work together and he started to make the best pitch we could ever have.
๐ re: invest CTA is a game changer: indeed @dan_robins , some of our customers have an impressive transformation rate putting in their checkout flow.
I wish I had such a button on Figma, on Slite, on Miro, on Notion, on...
yeah, with it, I would have invested in pretty much all tools I use every day!
Correct @gauravgoyal_gg
Our industry relies on regulated incumbents. As soon as you start getting rid of the middlemen, there is no more insider's game.
@thibauld@joris_paris congratulation guys for this launch! I am following Fairmint from the beginning at TheFamily. Super idea and perfect execution! Keep going to deploy your vision!
I am very interested to use it with Magma but I have 2 questions:
โ It is possible to use Fairmint with a French company?
โ Can I bring my first round into it (shares and employees equity)? Or should I do it for another round?
Happy to discuss about it! Cheers!
MERCIIIIIII @edouardpetit โค๏ธ
Quel chemin depuis TheFamily indeed. I still remember our 1st photo shooting, or 1st keynote about Fairmint by @thibauld 25 rue du Petit Musc in Paris.
There is such a strong bond with TheFamily ecosystem, between all founders, still years after. This is amazing.
OK so I stop the nostalgia ๐ and address your questions @edouardpetit :
โ is it possible to use Fairmint with a French company?
We are designed for US C-Corp ๐ฅฐ and we start to have multiple requests from Europe and Asia. Multiple founders have already decided to embrace the ๐บ๐ธ play and have incorporated an entity in the US.
Some also explore the ability to do it while being abroad. It is something you might want to discuss with local lawyers and we will be happy to join the discussion at any time.
As soon as we feel the regulation is as clear in Europe as it is in the US, count on us to pave the way :-)
and your 2nd question @edouardpetit
โ Can I bring my first round into it (shares and employees equity)? Or should I do it for another round?
OH YEAH! ๐ฏ We've been building Fairmint with @thibauld with the objective that anyone who adds value to your company could access the financial upside he helps build.
It works for employees yes. But they are among the insiders in the traditional (and outdated) equity world.
We've also focused our work on community members.
Imagine if Travis Kalanick, early days at Uber, had had Fairmint and offered $UBER to his 1st drivers... How many lives would have been changed? We believe in social capitalism, in community ownership.
More than happy to continue discussing it! Ping us on telegram or twitter or email us: jorisATfairmint.co or thibauldATfairmint.co
Sounds awesome @n_russell
While taping this comment I see notifications. Members from our customers' community are investing live. They sign an investment agreement in seconds and support the product they love investing.
I let you imagine the aha moment when the founders wake up with $10k or $50k from a member they never pitched. ๐
Amazing idea, but above all amazing execution!!
The amount of work and creativity to make community ownership real, simple... and legal, is absolutely massive.
As a crypto-networks aficionado, I'm often unsettled by the microscopic size of the crypto space. It's so comforting to see such a practical and accessible approach of Shared Value, available to everyone and every business. Fairmint has a real shot at delivering some long-awaited benefits of crypto at a massive scale.
Bravo!!
What a comment @philippe_honigman , what a support ๐ ! This is also Fairmint.
A strong community, built over the years with people who believe in what we are doing.
Indeed crypto has been used more and more over the last few years. Sometimes well, sometimes poorly.
I am a crypto-pragmatic and when we teamed up with @thibauld it was already 6 or 7 years that he was in crypto. He knew everyone and everyone knew him in the industry.
Together we kept building, choosing the hard path of crypto-securities vs crypto-currencies and yes we strongly believe we can deliver some of those long-awaited benefits of crypto you mention @philippe_honigman
Thank you for supporting us ๐
Few things are promising to be as impactful to our business as Fairmint:
- We raised nearly $900k without a pitch deck from our community, 90% of them being customers who love the product and want to be part of the journey! Any company that does not have some equity committed to their community is probably losing out on some of the cheapest capital available to them.
- As a bootstrapped company, it was always tricky to contemplate compensating our team with options. Fairmint solves that 10x better than any VC-backed startup! More importantly: those options are valuable because they have buyers amongst our own customers. I don't think I have seen anything as powerful to build long-term alignment!
I am a huge believer in Fairmint's success, and as a customer, I have seen their product velocity exploding in recent months.
And you executed it so well, turning your users, your customers into owners @pierre_camille_hamana
So well that now it signals VCs how robust and supportive your community is. This is a genius. We couldn't be more proud that you 've been using Fairmint to make community ownership a reality at Hospitable.
Kudos to you @pchamana
Looooooooove it, this makes so much sense, so many of our early users contributed to our product, they are one of the best growth driver and all we can give them is more voice and.. swag packs ๐
this is amazing to give them true upside GG!!
๐ @christophepas thank you, and your entire team! We love Slite at Fairmint & we are all use it every day.
What's missing on Slite? Not the Kanban view, we know it is around the corner.
The "community" button of course powered by Fairmint ๐
Thank you for your support Christophe ๐
WOW see @christophepas Your community has your back. Whenever you are ready to give your community skin in the game, we will be there ;-)
What do you prefer @fmerian for your portfolio? $SLT or $SLITE๐
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Big fan of FairMint, I feel like it opens so many possibilities for the future of governance/ownership of companies. I'm french and yet I'm seriously considering incorporating my next company in the US, only to be able to use FairMint!
Hey @charlotte_durand1 Thank you for your message. Since we started discussing this on our webinar, I know you've so supportive๐ฅฐ and it means a lot to me
Whatever you will decide @charlotte_durand1 , we will be here for you ๐ค like all founders we've worked with.
Did you check the latest product updates already?
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@joris_paris Not yet but it's def on my to-do! I'm hyping FairMint in the parisian web3 ecosystem, would be awesome to have you on a conf at some point!
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