Ask HN: Anybody submitted a proposal to seedrs.com?
Has anybody here went and got funding from investors from seedrs.com or a similar site? In your experience, how likely is the funding goal to be reached?
Has anybody here went and got funding from investors from seedrs.com or a similar site? In your experience, how likely is the funding goal to be reached?
A few replies to the questions raised.
Difference between Seedrs and Kickstarter: Seedrs is equity investment, Kickstarter is non-monetary rewards. If you invest through Seedrs, you get shares in the business with full upside (and downside). If you contribute through Kickstarter, you get whatever product or other reward the company is offering (no upside or downside). Both great businesses but very different.
Difference between Seedrs and AngelList: Seedrs is a transactional platform where people make direct investments; AngelList is a source of introductions, after which you go and do an investment off-line. Also, Seedrs is focused on idea-stage, pre-revenues companies and open to a wide group of investors; most deals closed following AngelList intros are at the next stage (because that's generally where traditional angels invest) and only involve accredited/HNW investors. Again, both great but different.
As for whether there is a Seedrs equivalent for the US: not yet but there will be lots soon. As of now equity crowdfunding is not legal in the U.S., but as soon as the SEC and FINRA implement regulations under the JOBS Act, it will be, and loads of platforms are lining up to do exactly the sort of thing Seedrs does in the UK.
Hope that's helpful!
Jeff Lynn (CEO and co-founder of Seedrs)
Seedrs is a UK platform for startups to crowdfund equity investment from non-accredited investors.
Kickstarter is a US platform for individuals or companies to crowdfund patronage donations.