Fairmint - Share your company's success with your community
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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.
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That looks really promising. Well done. Congrats on the launch.
Only ~10% of US citizens are accredited investors and can invest in this platform. Launching the product to these "insiders" first without a simultaneous crowdfunding campaign seems like a mistake. Is there a specific reason it was done this way? Will the other 90% be able to get the same terms when you do launch the crowdfund?
@mikestaub You do not need to be accredited to earn equity. Most people do not have the savings to invest any money in a risky startup. Giving people a way to earn is the best way to democratize ownership.
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@ryan_nisbet I tried to invest by clicking the "invest" button on your landing page and it turned me away saying that I have to wait for a future crowdfunding campaign unless I am accredited. Why didn't you allow both nonaccredited investors to buy $FAIR at the same time?
Hi @mikestaub , my proposal to chat regarding Peapods is still valid ;-). I will resend the email from sept19th, calendly link might need an update.
That said, communities are borderless and if US persons are still under the rules of the 30's💁♂️, that's not universal, fortunately.
@mikestaub Regarding the US non-accredited particularly, I am glad you wanted to invest in $FAIR and as of today, Fairmint's offering for US persons is reserved for accredited investors. Our customers run their offerings and decide on their own.
@mikestaub On the choice to not run an expensive and unjustified CF campaign for Fairmint: first there is what we believe: the concept of a campaign is totally broken. Fake signal, fake marketing, fake FOMO, fake scarcity, a lot of gamification, with money locked in an escrow account 🥴 And with the stats of campaigns ending with about 10% of success, it really doesn't justify the effort and expense.
As of today, the traction from US non-accredited ppl is barely over $55K, from 20ish US non-accredited. Would it make sense to file a form C? Not really considering the cost, the effort.
Do we want to be exposed to the 1M database of people in all CF portals, but not our community? Not really as well.
And this is just part of what drove our decision. We have so much more 😂
[All I say now doesn't apply to successful startups and founders like Immad at Mercury or Alex at ReflectApp with large communities able to raise even $5M in minutes. For them, it is not a matter of portal or tech]
So Mike, yes, Fairmint is not in the business of CF marketplaces/funding portals at all. But I already have multiple examples of communities who got skin in the game using our tech! without any crowdfunding campaigns.
Finally, Fairmint tech is unique as it allows people unable to invest because they simply can't afford it, to earn equity.
Don't you think it makes sense for a gig worker to earn equity for providing service rather than invest his small income in risk capital, in an early-stage company trying to raise on a crowdfunding portal?
Truly unique product! I see a bright future for companies and communities that will go with Fairmint. I hope the market will finally appreciate this opportunity. GL Joris, Thibauld and the team!
@huntermoon Thank you so much for the kind words Pavlo 🙏
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@joris_paris
Dude! Congrats on keeping it up. Tough journeys force you to rethink everything. And make diamonds out of carbon! Proud to be supporting you every step of the way. My wife and I love it and we’re investors too! Now looking to use it for our startup & eat the yummy “food”!
Cheers!
OH @fadi_afa_al_refaee your message means to much to us, to me!!! We feel supercharged with all the love and support we've received today!
Thank you for having our back for so long and can't wait for a catch-up call.
Thank you for your support @severin__ 🙌
and all the very insightful feedback of yours. Considering your success on crowd offering, it means a lot to us.
We learn from our customers EVERY SINGLE DAY and are glad we make it happen all together.
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This is an awesome idea that will democratize fundraising. Congrats @joris_paris
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