Heddion
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May 13, 2019, 07:13:08 AM |
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Can companies based outside the US raise money on Republic?
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Inkassator
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May 13, 2019, 07:13:58 AM |
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Can companies based outside the US raise money on Republic?
No, only United States-based companies can raise via equity crowdfunding per US law.
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Jenny Briane White
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May 13, 2019, 07:15:42 AM |
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Does my company need to be incorporated in a particular state to fundraise on Republic?
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Larion Drake
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May 13, 2019, 07:19:23 AM |
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What is the typical campaign duration?
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Miriam WolfStavish
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May 13, 2019, 07:20:24 AM |
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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.
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Neverlessyou
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May 13, 2019, 09:06:11 AM |
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How does Flat Fee Attorney pricing work?
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trimpo
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May 13, 2019, 09:09:30 AM |
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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.
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VincentoDoraimon
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May 13, 2019, 09:14:26 AM |
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What are GAAP Financials and when do I need them to be "Reviewed"?
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DonyTramp
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May 13, 2019, 09:20:07 AM |
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What are the key components of preparing for my campaign?
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Fenomenon
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May 13, 2019, 10:50:20 AM |
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How do I know if my financials are GAAP compliant?
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Heddion
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May 13, 2019, 10:51:33 AM |
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How do I know if my financials are GAAP compliant?
GAAP refers to "generally accepted accounting principles", an industry standard for reporting financial information. To fundraise using Regulation Crowdfunding, you must submit your financial statements in GAAP format.
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Jon Winston
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May 13, 2019, 10:55:36 AM |
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If they're formatted like this example, meaning many of the same items and information (ex. issuance of stock) are covered in the same way, they're probably GAAP. That said, it's not just a question of formatting, and this isn't financial advice. https://republic.co/help/issuer-gaap-example.pdf
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Larion Drake
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May 13, 2019, 10:57:11 AM |
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If they're formatted like this example, meaning many of the same items and information (ex. issuance of stock) are covered in the same way, they're probably GAAP. That said, it's not just a question of formatting, and this isn't financial advice. https://republic.co/help/issuer-gaap-example.pdfIf you're still not sure, it's best to check with a CPA. We recommend using Kristine Rasmussen from Assure ( krasmussen@assure.co). Most startups that have raised on Republic work with Kristine.
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Miriam WolfStavish
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May 13, 2019, 10:58:22 AM |
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If they're formatted like this example, meaning many of the same items and information (ex. issuance of stock) are covered in the same way, they're probably GAAP. That said, it's not just a question of formatting, and this isn't financial advice. https://republic.co/help/issuer-gaap-example.pdfRemember, if you want the ability to raise over $107,000, you must have your GAAP finances reviewed by an independent CPA.
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Neverlessyou
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May 13, 2019, 10:59:22 AM |
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What kind of startups are accepted to raise?
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trimpo
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May 13, 2019, 11:03:36 AM |
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The Token DPA (Debt Payable by Assets) (“DPA”) is a debt security created by the Republic Crypto team specifically for token pre-sales. We've designed the Token DPA with unaccredited and international investors in mind, but we believe it's the best way to pre-sell tokens for any project and for accredited and unaccredited investors alike. Just as we created and open sourced the Crowd SAFE, we’re open sourcing the Token DPA with hopes that it becomes an industry standard to make investing easier and to help support the blockchain ecosystem more broadly. Feel free to send us an e-mail if you’re planning a token pre-sale or have already held one and want to build a larger, more inclusive network of non-accredited investors.
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VeloCHARAPtor
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May 13, 2019, 11:05:35 AM |
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Our team realized: Who wants an IOU when we have existing established regimes for lending money to projects and leaving deposits on future purchases?
We're primarily concerned with how many SAFT instruments allows investors' token distribution rights to expire without the recourse of being a debtor as well as the inability of investors' to request money back if goals or projects never materialize on the promised schedule. Our team can reduce these concerns with the Token DPA, providing flexible terms favorable to investors’ interests. Despite using a framework for every agreement, each Token DPA is different and investors should read and understand each investment contract before making an investment.
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VincentoDoraimon
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May 13, 2019, 11:06:26 AM |
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With a standard SAFT, investors must wait for a public token sale or distribution by an issuing company to receive tokens, otherwise their right to a return on their investment can be left unfulfilled, possibly forever. In contrast, the Token DPA provides a method for investors to either receive part or all of their principal back, earn a cash return or receive the desired tokens when certain events occur. It should be noted, these protections rely on the company issuing the Token DPA abiding by its terms, there can be no guarantee of this. For example, if a company issuing a Token DPA spends all of their capital before investors’ right to request a return of capital occurs, investors’ could force the company into insolvency when they make the request.
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DivinityEgo
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May 13, 2019, 11:07:16 AM |
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What types of companies use the Token DPA?
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DonyTramp
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May 13, 2019, 11:09:20 AM |
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What types of companies use the Token DPA?
We’ve made the Token DPA flexible enough to work for companies at every stage of development––whether they’re ramping up their projects and are looking for early followers or have sufficient funding, are releasing their protocols, and now want to legally involve supporters who might not be accredited investors. Either way, we’ve designed the Token DPA for companies to get tokens into the hands of their users, friends, and followers. Under federal securities law, companies can not publicly sell most tokens (or the rights to tokens) to unaccredited investors without seeking a proper securities registration exemption; otherwise, they risk sanction for improperly selling securities. The Token DPA is an effective instrument to sell the right to tokens to anyone, using Reg CF or other securities exemptions.
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