Slice Capital

@rrhoover Thanks Ryan! In short, you’re not wrong. However, we’ve seen an insane volume of quality companies that have come our way... Speaking to the point on reporting: We’ve partnered with a third party registered transfer agent and have also built in notifications into the platform to help with remaining in compliance, from a reporting standpoint. With regards to the “signaling risk,” I agree that it could backfire in some cases, but we’ve found that if the platform is selective enough, then raising through crowdfunding may, in many cases, help with raising capital in later rounds, as it speaks volumes to the company’s user-loyalty, NPS, etc. We've also found that the LTV, for companies raising through Reg CF, of the backers/investors skyrockets after they invest, as they're literally vested in the long-term success of the company. Ultimately, it’s well documented and accepted that there’s a massive “Series A Gap” and that much of raising capital is based on subjective measures and network effects (not always purely dependent on the quality of the company). There’s a reason that 97% of venture capital goes to white-male CEO’s and it’s definitely not that only white-male CEO’s build great companies. We want to help empower the next AirBNB’s and Purple Mattresses, both of which had difficulty raising VC in their early stages because they didn’t have the networks to support their fundraising efforts. We want to help back companies, like QUINN, which have already raised from top tier investors (Jason Calacanis, XRC Labs, etc), but don’t want to spend time on meeting investors, but would rather focus on what actually matters, building an empire. I’m right there with you when you say that this space needs reform, but I’m incredibly bullish about the regulations that already exist. There are a number of bills already in circulation, which would make things a whole lot easier and I’m excited to see where things go. I’m also incredibly bullish about finding a happy medium between everything happening in the crypto space and equity crowdfunding. Stay tuned for Slice’s developments on that front ;)

@rrhoover I'd love to chat further on all of this next time we meet up!

@rohan_shah2 good thoughts and curious how crypto plays into this (yes, I recognize the slight hilarity of that statement). 😊

@rrhoover Absolutely - We should catch up when I'm back in the Bay! We have some interesting initiatives brewing in the background.

@rrhoover @rohan_shah2 brilliant answer:)

@rohan_shah2 This is awesome, @MichaelBerhane_ and I were just talking about how investing is still pretty impenetrable for most people who would like to get involved. How does it work operationally? I'm thinking about the legals, paperwork etc...

@michaelberhane_ @abadesi Thanks! We're working within Title III of the JOBS Act (Reg CF). We help with all of the paperwork - we're partnered with a third party registered escrow agent to hold the funds, as well as a registered transfer agent. Our legal team, along with the SEC and FINRA, have helped us lower the legal barriers as much as possible to tailor the investing experience to normal people, not just super high net worth individuals. I'm happy to dive into more detail if you want to shoot me a line at hello@slice.capital!

@michaelberhane_ @abadesi @slice @rohan_shah2 What are the qualifications to become a "Slice Verified Investor". I'm assuming people need to have some level of income / net worth?

@michaelberhane_ @abadesi @slice @mike_seekwell Hey Mike! There's no income/not worth requirement. There are limits based on both of those figures, but regardless of those numbers you'll be able to invest (we just limit you to protect you, given the risks involved in investing). The Slice verification process is merely for us to remain in compliance from a "Know your customer" and "Anti-Money-Laundering" (KYC/AML) standpoint. Hope this help!

@charleyma Thanks Charley! We have a few criteria that we look at when evaluating a company: 1. The company has to be post-product, post-revenue. They don't have to be generating millions of dollars and don't even have to be cash-flow positive, but we like to see some sort of trajectory. 2. Generally speaking, we like to come in at the Seed-Stage (total round: $350K to $2M or so), especially when there are other Tier 1/Tier 2 VC Funds or Angels already participating in the round. 3. The companies need to have already taken in some capital. This can be an Angel Round, Pre-Seed, Friends and Family, etc. We just want to see previous use of proceeds to make sure that the founder is responsible. 4. We want to have a high degree of confidence that we'll be able to close the capital that the company needs in the timeframe they need it. As such, the company has to have an easily digestible value proposition. 5. We love companies with highly zealous user bases. Customers and users are the best investors, so we want to try to leverage a company's own user base to "anchor" a round and get the momentum going. Obviously there are exceptions to all of these rules, but companies that check all of the aforementioned boxes are usually right in our sweet spot. Hope this helps! Again, for companies looking to raise: http://slice.capital/apply

@charleyma PS: I just saw you're at Plaid. They're one of our partners and we love you guys!

@rohan_shah2 awesome! Been fun watching you and the team build so quickly :).

@charleyma Thanks Charley! Happy to have you onboard :)

@spekulatius1984 Not sure exactly what you mean by internal companies, but we welcome all companies to approach us :) If you apply here: https://slice.capital/apply then we should be able to get back to you within a week or so with potential next steps

@rohan_shah2 ups. Haha. I meant international. I shouldn't post stuff before I reached my minimum number of coffees.

@spekulatius1984 LOL, totally understood - Unfortunately, the regulations we're working within don't support international companies, but we're working on this as well. Stay tuned!

Thanks so much Andy! We're just as excited about QUINN as you are :)

Greatly appreciate the feedback, Kyle!

@mickc79 Currently, we don't allow investors from abroad to invest, in an effort to prevent fraud. We're hustling internally to put in place additional measures, and are planning to open up international investments in the next month or so. In the meanwhile, create an account and we'll notify you as soon as you're able to invest :)