Republic.co) is the official spinoff of AngelList and allows unaccredited investors with the ability to invest in pre-vetted startup companies. Equity crowdfunding presents a new sector of investing that has been a long time in the making, but only recently introduced thanks to the JOBS act in May of 2016. Chuck Pettid, partner of Republic.co joins us to discuss the new opportunity and how their platform is working to simplify the deal terms for investors.
We also discuss how Republic sources deals for the platform and bundles the financing into “simplified agreement for future equity” in their Crowd Safe. This episode is an informative view of how startup and private investing deals are vetted and structured and is valuable at all levels of investment experience.
Links:
Republic.co) - Website @joinrepublic) - Twitter @joinrepublic) - Facebook Crowd Safe) - Calculator Tool
@chucksterolove) - Chucks Twitter
Where are we:
SoHo, NYC - Chuck Pettid San Diego, California - Sam Marks Chiang Mai, Thailand - Johnny FD
Discussed:
Indiegogo Co-Founder, Slava Rubin on Equity Crowdfunding) - ILAB 32 BeatStars) - Indiegogo Equity Crowdfunding WeWork) - Coworker
Time Stamps:
05:01 - Chuck’s background 06:05 - Republic.co founder story 08:02 - AngelList’s focus 09:45 - Sourcing deals 17:58 - Funding & valuation caps 22:10 - Investor limitations 26:30 - Start up fund 28:20 - Investor groups 31:30 - Vetting deals 35:00 - Crowd safe 39:19 - Calculator tool 44:50 - Future financing 46:50 - Common questions 53:10 - Investor perks 54:45 - Unanswered questions 1:00:34 - Startup Investments 1:07:01 - WeWork Co-Working
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