Creating An Offering

Note

The fund admin should create the Fund before onboarding Businesses to create Offerings.

Create New Offering

To create a new offering (or fund) select ADMIN in the menu bar.

In the ADMIN section select “Offerings” in the sidebar.

Note

Offerings is the default view when you click ADMIN in the menubar.

Select the NEW OFFERING or NEW FUND button.

Describe Offering

Note

Do not select “SUBMIT” until you are ready to publish your offering.

To create the offering or fund you’ll fill out the “info” tab and the “contract” tab.

Info

On the info tab fill out the following:

  • Title: The headline for the offering. Typically the name of the business.
  • Summary: Limited to 144 characters, this is a one line explanation of the business.
  • Offering image: An image that represents your offering/business. Aspect ratio is 1920x1080. File type must be .jpg.
  • Youtube video id: If you’re using (not required) a video just enter the video id from Youtube.

Note

If your Youtube URL is https://www.youtube.com/watch?v=SYhmK6qa-_g you would just enter SYhmK6qa-_g

  • Prospectus: Upload a PDF of your materials. One document only.
  • Description: An explantion of your offering.

When complete select SAVE.

Contract

  • Corporate entity: The legally registered business name of the company
  • How much money would you like to raise?: The total/highest amount you’re looking to raise.

Note

You will not be permitted to raise more than the total amount entered.

  • Contract Type: As a business you will select revenue or equity.

If Equity:

  • Threshold: The minimum amount of your total raise you will accept.
  • Percent of company you will be offering: Select a percentage from the drop down list.

Note

The percent of a company offered is a list of presets in order to ensure divisibility.

  • Share price: The price you will sell 1 share for.

If Revenue sharing:

  • Percent Shared: The percentage of _gross_ revenue shared with investors.
  • Return Cap: The total return for the investor. 1 = Get their money back, 2 = double their money.
  • Threshold: The minimum amount of your total raise you will accept.
  • Share price: Not an equity share, but what is the lowest amount of investment allowed.
  • Estimated monthly gross income: This is not shared with investors, but we use it to calculate when the investor will get paid back.

If fund:

  • Share price: The lowest amount you are willing to take. Should be a multiple of the total amount being raised.

Posts

Updates will append to the bottom of the offering.

  • Body: The message of the update.
  • Publish Date: You can future-date the post so that it shows up at a certain time.
  • Public: If ON anyone viewing the page will see the update. If OFF only investors will be able to view the update.

Preview

Provides a preview of the page as it will appear to the investor.

Publish Offering

From the Admin / Offerings view you can set the state of an offering.

../_images/states.png

States include:

  • editing: Draft mode.
  • submitted: The Business is finished creating the offering and waiting for an admin to publish. if the admin notes a problem they can mark the offering as flagged and the Business will see the message.
  • flagged: The Business can make the changes and resubmit the offering
  • approved: Once you mark an offering as approved it is unpublished but ready
  • open: When ready to reveal to investors you mark the offering as open and can run the capital call
  • closed: After completing the capital call you can mark an offering as closed. It will still be visible.
  • suspend: To stop an offering or fund you can suspend it. committments and investments will not be possible
  • hidden: To remove an offering or fund from the site you can mark it hidden

Add Offering to a Fund

Once an offering is complete you can add it to your fund.

Go to the ADMIN section under Offerings

In the list of offerings (both Funds and Companies) you’ll see the business and the dropdown will be blank (marked with a dash).

Select the dropdown and choose the fund you wish you to include the company in.