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Thoughts on SeedInvest?

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?

6 Replies

Robert Lasky
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Robert Lasky Advisor
Digital Executive, Consultant and Cross-Industry Channel Expert
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
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Helena Fogarty Entrepreneur
CEO/Founder at MI OLA
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
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Jake Diner Advisor
Founder and CEO at Elafris
@helena - can you share those terms or you are under NDA?
Helena Fogarty
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Helena Fogarty Entrepreneur
CEO/Founder at MI OLA
I won't comment on a public thread but if you want to reach out directly, I'm at [removed to protect privacy]
Eric Klein
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Eric Klein Entrepreneur
Tockable - Intelligent Fashion
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/
Irwin Stein
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Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
From your question, it does not appear that you are ready to handle your campaign. It is not the platform that is important; it is how many eyeballs you can drive to your offering. You are selling stock, not your product. You need to give investors what they want. Selling stock is a separate business. You need to spend money to do it successfully.
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