Thoughts on SeedInvest?

Greg Lipinski Patent Examiner at USPTO

June 21st, 2016

My startup's application was recently selected to be featured on SeedInvest, an equity crowdfunding platform for angel investors. They accept less than one percent of applications and don't charge any upfront fees, which hopefully makes it better than something like Fundable, but I'm not sure how successful admitted applicants are in raising funds. What have you guys heard? And what makes for a successful campaign?

Robert Lasky Digital Executive, Consultant and Cross-Industry Channel Expert

June 21st, 2016

SeedInvest is a good platform, but you have to remember that it's the startup's, not the platform's, responsibility to be successful in raising funding. While they can be helpful, platforms don't typically showcase you until you earn it by creating some critical mass. Your marketing materials are crucial, as is your ability to bring investors (friends, family, angels, etc.) to your campaign in order to create momentum.

Helena Fogarty CEO/Founder at MI OLA

June 21st, 2016

Hi Greg- It's a great option.. but you need to be ok with their terms up front. We discussed working with them and were very excited by the prospect, but weren't able to meet on terms. Helena

Jake Diner Founder and CEO at Elafris

June 21st, 2016

@helena - can you share those terms or you are under NDA?

Eric Klein Tockable - Intelligent Fashion

June 23rd, 2016

The fees required by SeedInvest are expensive when compared to other crowdfunding platforms. They require 7.5% of the funds raised upon completion of a campaign in addition to between $3,000 and $5,000 in escrow, due diligence, marketing and legal reimbursement. This is substantially more expensive than a flat 5% completion fee required by many other crowdfunding platforms.
https://bestcompany.com/crowd-funding/company/seed-invest/

Helena Fogarty CEO/Founder at MI OLA

June 21st, 2016

I won't comment on a public thread but if you want to reach out directly, I'm at helena@mi-ola.com

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