Erik Torenberg

Republic - Where everyone can invest in startups & tokens

Republic is an investment platform, where anyone can be an angel investor with as little as $10. For startups, it's a place to get exposure and funding at the same time, while acquiring an army of loyal fans. 95% of Republic fundraises have been successful.

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Shaherose Charania
Congrats to the Republic team on launching this important platform that will open up opportunities for founders and a new set of investors. More from Republic's Founder, Kendrick: https://medium.com/@KendrickEsq/...
Kendrick Nguyen
And here's the launch announcement from my co-founder Paul: https://medium.com/equitycrowdfu...
Niv Dror
Congrats on the launch! For years I've been wanting to invest in starts and wondered why people can go lose all their money in Vegas, but can't put money behind things they believe in. Glad the laws change and that an equity platform like this exists. 🚀🚀
Kirill Solovjov
Is this somehow similar to Estonia's FundWise.me?
Kendrick Nguyen
@double_u_d Yes, Republic is an equity crowdfunding platform for everyone, regardless of net worth. More on why we do what do: https://medium.com/@KendrickEsq/...
Murice Damion Miller
@kendrickesq Greetings Kendrick. Would there ever be a chance of having something like republic for a specific state, city, organization, or school. Basically, I would like to utilize something like republic for startups in my small town.
Kendrick Nguyen
Hi @m4murice - Startups every where, from small towns to big cities, can fundraise on Republic. Please do check out info on our site for companies (aka issuers) considering the possibility of crowdfunding. Let us know if you have any questions.
Paul Menchov
@kendrickesq @double_u_d Hi @m00dymatt . You're right, though these are limits put in place by the SEC with the intent of protecting investors. We don't impose our own limits beyond that.
Francesco Strazzante
@kendrickesq Hi Kendrick! Nice idea, we need it! 🙌🏻 why is Republic limited to the only USA? Do you think to release in EU too?
Erik Torenberg
Congrats on the launch @KendrickESQ! Can you talk about the moment when you knew you wanted to start Republic?
Kendrick Nguyen
@eriktorenberg When the SEC announced last November that retail investment crowdfunding would be legal in May 2016, I kinda knew then that it would be a calling. AngelList decided not to operate in the retail space, but Naval and the entire AngelList team have been incredibly supportive of Paul’s and my effort to build Republic. After all, Republic does share AngelList’s mission of democratizing investing. We're just taking it to the general public, whereas AngelList’s fundraising products focus on high net worth angels and investment funds only.
Ivan Lucansky
What's the difference between Republic featured 8 days ago and now?
Kendrick Nguyen
@ivanlucansky No difference right at this moment, but it will be very different in a couple days. :) Please tune back in soon.
Chris Messina
@ivanlucansky indeed! Dupe!
Thomas Stöcklein
This looks great. Can't wait for the launch.
Katherine Krug
So excited for Republic! Letting customers instead of investors own a piece of your biz while raising capital is powerful. Thanks for bringing this into the world!
Kendrick Nguyen
@katherinekrug Thank you for lending your expertise to help us and other entrepreneurs. To have a successful crowdfunding campaign, founders gotta execute a tight strategy post going live.
Annette
Is this also similar to company, @seedinvest?
Kendrick Nguyen
@annettewon @seedinvest Yes, though we only focus on Title III deals, and not Reg A deals (a different, more late-stage type of public fundraising) or Title II deals (for wealthy individuals only).
Ryan Marr
This is likely a massive question. But what are the geo restrictions on investment / funding? I'm in Canada but can I register a business in the states and get funding?
Kendrick Nguyen
@ryanmarr That's correct. As long as the company is an operating company and is formed under US laws, then generally it's eligible to run a campaign with us. Please check out https://republic.co/learn/issuer... for more info.
Omar D. Samuels
@kendrickesq @ryanmarr How about on the investor side? Can the investor be from outside the USA?
Kendrick Nguyen
@odsamuels Yes, anyone with a US bank account can invest on Republic. In the future, we'll accommodate non-US bank accounts as well.
Sasha Kozak
What's your point of gravity for "the best" startups vs. kickstarter? Good startups are equity-greedy :) congrats, really hope you do well!
Kendrick Nguyen
@sshkzk Thanks for the support! Psychologically, investors are more committed to helping a company they invested in, compared to someone who made a one-time donation or bought a product. So for us, it's less about competing with kickstarter or other platform, and more about making sure that startups understand the benefits of equity crowdfunding and of Republic's strengths and vision.
Sasha Kozak
@kendrickesq good point! I didn't think of this. Can we expect some kind of slack general channel for the investors then? ;)
Kendrick Nguyen
@sshkzk Yes down the road we plan to productize investor engagement for companies fundraised on our site.
Sasha Kozak
@kendrickesq 👍🏼indeed could become that key value attracting better ventures vs. substitutes. good luck guys
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