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.
I have invested in over 100 companies using all the popular platforms, and the process is best when using fairmint. Having a path to liquidity if I need it and actually knowing the valuation of the company is greatly appreciated
🙌 @baccredited you've been so so supportive! Always. So much that you are featured on our homepage in our community tweets . Thank you for being here and for supporting all founders as you do! The world needs more angels like you ;-)
@baccredited Thank you for the support! We appreciate it 🤗
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Congrats on the launch! I have been saying for a while something like this might be the best way to allow regular people (non-startup folks) to grow as companies grow prior to IPO's. Excited to see it you have taken it and done it!
Curious:
1. Does rewarding the community require any of them to be accredited?
(i.e. you are giving them equity as a thankyou/promotion/etc rather than them investing $)
2. Is it safe to assume putting the "invest button" on your company website disqualifies companies from 506(b) regarding general solicitation so only companies using the 506(c) method can use this button?
@collin_longmire #1 Community members do not need to be accredited to earn equity. This is how ownership can really be democratized. Not everyone can drop thousands of dollars into a startup. Earning is much more inclusive and can be used to drive growth.
hi @collin_longmire . Thank you for your message.
Re: rewarding, incentivizing, and compensating an individual operating as a "bona fide" provider is not an investment process. Just like you grant options to employees, you don't need them to be US-accredited investors.
And regarding the exemptions you suggest here: indeed, such a general solicitation requires to comply with Regulation D 506(c). It also means that any US person will go through the process of accreditation verification, when an insider game such as the 506b would allow a self-declaration but would be on private invitation only.
More than happy to continue in a zoom later this week or next one ;-) jorisATfairmint.co
👉 Full disclaimer we are not a law firm and none of our words are legal advice as you can find all info here: https://www.sec.gov/education/sm...
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