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

[Jon Winston]

AngelList is a diversified holding company and operator, holding an equity interest in both Republic and CoinList. Product Hunt was acquired by AngelList in 2016.

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[Larion Drake]

What is a rolling close and how does it affect my investment?

[Miriam WolfStavish]

What is a rolling close and how does it affect my investment?

When certain conditions are met, the startup may choose to do a rolling close to receive some of the money raised and start using it to grow their business.

[Neverlessyou]

The name comes from the fact that the investments are closed on a rolling basis, as opposed to in the end of the campaign.

[trimpo]

If you wish to cancel or lower your investment, do so more than 48 hours before the announced rolling close date. You will get a refund like you normally would.
If you wish to increase your investment in the startup after the rolling close, you can do so, but it will be treated as a new investment

[VeloCHARAPtor]

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.

[VincentoDoraimon]

How do you choose Superheroes to feature on your blog?

[DivinityEgo]

How do you choose Superheroes to feature on your blog?

Companies raising funds with Republic are offered the opportunity to be featured in our blog's superheroes section once they've graduated to our home page.

Features are on a first come, first served basis. We generally publish one blog post per week.

[DonyTramp]

Many companies choose to not participate in the blog; appearing on the blog is not an endorsement of a companies offering.  We also feature entrepreneurs not raising on Republic if they have an interesting story or are furthering our mission.

[Fenomenon]

Appearing on the home page is not an endorsement of a company's offering. Companies that appear on the home page are offered the opportunity to (i) have their campaign's launch announced via an email to Republic's user base (ii) be featured in the Superheroes blog.

Republic reserves the right to change this policy without notice, this policy was last updated on January 24, 2019. Version 1.1.

[Heddion]

What is the Crowd Simple Debt Agreement (“Crowd SDA”)?

[Jon Winston]

What is the Crowd Simple Debt Agreement (“Crowd SDA”)?

A Crowd SDA is an investment contract between lenders (investors) and companies looking to raise capital. Individuals make investments in exchange for the chance to earn a return in the form of cash interest payments.

[Larion Drake]

The Crowd SDA was created by Republic and is a debt crowdfunding-specific version of a typical debt agreement, a financial instrument widely used by angels, VCs and other accredited investors investing in startups.

[Miriam WolfStavish]

Under the terms of the Crowd SDA, investors lend money to the company in exchange for annual interest payments during the term of the agreement. The company has the right to accelerate repayment of interest and/or principal, subject to a minimum return multiple (e.g. 1.5x the principal). If the company makes all interest payments due under the Crowd SDA, the minimum return multiple will be satisfied.

[Neverlessyou]

RISK NOTE: payments are not guaranteed. The company may not have sufficient capital available to meet its payment obligations under the Crowd SDA, and the Crowd SDA is unsecured, meaning there is no collateral to which investors would have recourse in the event that the company is unable to meet its payment obligations.

[trimpo]

Each company can customize its Crowd SDA, including or excluding certain provisions. Most include an interest rate and a minimum return multiple. If the Crowd SDA includes both an interest rate and minimum return multiple, the provision more favorable to the investor applies.

[VeloCHARAPtor]

The Interest Rate is simple interest, paid annually, calculated based on the amount of your investment in the offering.

[VincentoDoraimon]

The Maturity Date is a future date, usually expressed as a number of of years from the Payment Start Date (as defined in the Crowd SDA). Upon the maturity date, the company must repay all outstanding interest and principal due under the Crowd SDA.

[DivinityEgo]

The Minimum Return Multiple is also determined by the company and defines the minimum total return which the investor is entitled to have received by the Maturity Date, expressed as a multiple of the principal amount.

[DonyTramp]

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