Get the Note - a digital token by Republic, a US company backed by Binance & Neo

[VeloCHARAPtor]

What fees does Republic charge?

[VincentoDoraimon]

What fees does Republic charge?

Investing on Republic is free for Investors.

Companies pay only if they successfully reach their funding goal: 6% of the total funds raised in cash, and 2% as a Crowd Safe.

Companies raising on Republic may also use the proceeds of their successful
financing to pay for the escrow agent and other transaction-related fees. Related: how much does it cost to launch a campaign?

Example using a Crowd Safe: Equity Startup, Inc. raises $100,000 at $10M valuation and hits its funding goal, effectively selling an equivalent of 1% of its equity. Republic takes $6,000 and Crowd Safe with a $2,000 face value (0.02% in an equity equivalent).

[DivinityEgo]

Example using a Token DPA: Blockchain Startup, Inc. raises $100,000 
and hits its funding goal, effectively selling $100,000 plus interest in tokens. Republic takes $6,000 and Token DPA with a $2,000 face value (later equivalent for cash or tokens).

Example using a Revenue Share: Revenue Startup, Inc. raises $100,000  and hits its funding goal, effectively selling $100,000 in debt with a revenue right. Republic takes $6,000 and a revenue right with a $2,000 face value (which will entitle Republic to payments as if Republic had put $2,000 into the offering).

[Bodhicoin]

Interesting fee structure, gives Republic a fare piece while leaving startup healthy....joined on site.

[republic.sup]

Interesting fee structure, gives Republic a fare piece while leaving startup healthy....joined on site.

Thank! We are glad to see you among the project participants!

[republic.sup]

What are the conditions allowing the startup to do a rolling close?

Any startup raising on Republic can choose do a rolling close if their campaign has already raised double its minimum target amount and has more than 21 days left. Additionally, startups must pre-disclose their ability to do the rolling close in their Form C.

[DonyTramp]

How much does it cost to raise on Republic?

[Fenomenon]

Escrow: Approximately $1,500
All campaigns must have an escrow agent.  The costs of escrow vary depending on the number of investors you end up with and is not paid until after the campaign is over, directly out of the proceeds of the escrow account.

[Heddion]

Financials: $1,000–$4,000
If your financials are not complex, you have been diligent with bookkeeping and you are organized expect this cost to be in the middle to lower range. If you already have GAAP converted financials your costs will be lower. If you have a licensed CPA on the team your costs can be $0. If you use professionals expect the bill to be sent once services are complete.

[Jon Winston]

Video: $0
Spend as little or as much as you want. It’s up to you. Already have a video? Chances are you can use that for your campaign.

[Larion Drake]

Video: $0
Spend as little or as much as you want. It’s up to you. Already have a video? Chances are you can use that for your campaign.

Attorney review: $0-$3,500
If you have an in-house counsel or your own representation, you can use their services. If you need representation, our partners offer a flat fee structure for Form C compliance and legal review. In addition they will file your Form C, all amendments during the campaign (if applicable) and your post campaign Form C-U declaring the campaign end. Finally, they will help you setup and review your investor agreement (i.e., the security you are selling to investors - most likely our Crowd Safe). This bill is typically paid upfront.

[Miriam WolfStavish]

Marketing budget: $0
We highly recommend, but do not require, you to spend money on marketing, social media or otherwise. There might be a live event you want to attend, you might decide to have a party. These costs are optional and you decide on the total costs, but can have major impact on how much you raise.

[Neverlessyou]

Credit Card: ~3.5%
If you would like your investors to have the convenience of using a credit or debit card for investment a ~3.5% fee is charged by the service provider. For example if an investor uses their card for a $100 investment your fee would be $3.50. This would only apply to investments made with a credit or debit card, and only if the campaign is successful. Please note, currently Token DPA offerings cannot utilize credit card processing.

[trimpo]

How does Flat Fee Attorney pricing work?

 By being affiliated with Republic, you get a special discount on Form C reviews through our independent attorneys we have partnered. How the flat fee is determined is explained below.

Number of Prior Issuances of Securities to Investors (Equity, Debt, SAFE, SAFT, etc.)

[VeloCHARAPtor]

Can companies based outside the US raise money on Republic?

[VincentoDoraimon]

Can companies based outside the US raise money on Republic?

No, only United States-based companies can raise via equity crowdfunding per US law.

[DivinityEgo]

Does my company need to be incorporated in a particular state to fundraise on Republic?

[DonyTramp]

Does my company need to be incorporated in a particular state to fundraise on Republic?

No, as long as your company is based in the United States it does not need to be incorporated in a particular state to fundraise on Republic.

[Fenomenon]

What are GAAP Financials and when do I need them to be "Reviewed"?

[Heddion]

What are GAAP Financials and when do I need them to be "Reviewed"?

You must disclose your last 2 fiscal years in GAAP (Generally Accepted Accounting Principles). If you want to raise more than $107,000, these financial documents must be "Reviewed," Not Audited, by an independent CPA