During your equity crowdfunding campaign 6i

  • Can I make any changes to my offering once it goes live on truCrowd?

    No. The offer is final after launch. New documents may be added as clarifications, but all documents uploaded into the Virtual Data Room cannot be deleted or changed. Any change deemed as being material will trigger us to un-pledge all investors (and move the money from the offering escrow account ...

    Jul 24, 2019 20:20
  • Can I delete my offering?

    If for any reason you absolutely must delete the offering, make sure you have a strong credible explanation. In this case, all the money pledged will be returned to the investors. ...

    Sep 04, 2019 18:58
  • How do I communicate with investors?

    You have to communicate with investors through our truCrowd communication channel. After you complete your company profile, you will be able to use our integrated communication (twitter like functionality) options to send and receive messages to/from all interested parties. ...

    Dec 31, 2015 03:17
  • How can I invite potential investors to my offering?

    You can connect all your social media accounts to truCrowd in the Friends >> Social Media section and invite your connections. You will also be able to share your offering URL over social media, and everyone from Illinois can see your public info. Since only Illinois investors are allowed to i ...

    Jul 12, 2019 17:41
  • How many investors can I communicate and share my plan with?

    As much as you wish. There is no limitation on how many investors you can share your plan with. ...

    Dec 31, 2015 03:16
  • How much ownership will I have to give away?

    First you must run a valuation for your startup. Then, based on the results and the amount of capital you need, you will offer a percentage from your total shares for a certain amount of money. For example, if your startup is valued at $1 million and you need $100,000 to reach your next milestone, y ...

    Dec 31, 2015 03:16
  • Will investors be able to make decisions regarding my company?

    No. Each individual ownership will be small. However, as the majority shareholder, you will have certain fiduciary duties to all minority shareholders. Also, you will have to communicate with them in accordance to the communication plan you created while your offering was in the funding stage. ...

    Dec 31, 2015 03:16
  • Won't a bunch of small crowd investors complicate my cap table?

    No. At truCrowd we recommend to use Colonial Stock Transfer (http://www.colonialstock.com/crowdfunding-services.htm), a stock transfer agent. A third party will better handle all of the intricacies for you. ...

    Dec 31, 2015 03:14
  • How do I close out a successful equity crowdfunding campaign?

    When the funding goal is reached, you will prepare the share certificates and any other documents related to the transfer of equity (we can recommend various third party providers). At this point, we will verify the equity has been properly transferred to the investors. Once verification is complet ...

    Dec 31, 2015 03:14
  • What happens if I dont reach my funding goal?

    The offering will simply expire. All accepted pledges will be released to the investors and returned back to their investment account. ...

    Dec 31, 2015 03:14
  • How can I promote my offering?

    There are several ways to engage the investor community: 1. Invite your social media contacts from Illinois to your Profile Page on truCrowd. They will be able to see your offering information only after certifying they are Illinois residents. Make sure you include your page URL in your post. Whil ...

    Jul 12, 2019 17:37
  • How many crowd investors am I allowed to have?

    According to Illinois Secretary of State, there is no limit to the number of investors you can have. ...

    Dec 31, 2015 03:02
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