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Fairmint — Share your company's success with your community
Give your community skin in the game. Fairmint empowers you to grant equity to anyone that adds value to your company and passively receive investment from your biggest fans. Launch in a few clicks and get back to building your business.
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flo merian
This product makes so much sense. It's the future of community-led products. Bravo, ?makers 👏👏
Ping @meglyons
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Love this! As a founder and a community builder, I would love to use a tool like this to champion and reward the community 💯
Congrats guys 🎉
What an amazing way to democratize equity, along with Web3 security. Kudos to the idea :)
@joris_paris
hey @gauravgoyal_gg 🙋♂️ Thanks for your kudos 🤗
Glad to have you help us amplify the message around democratizing access to wealth.
@joris_paris Yeah it could be very powerful. Best part is one can do it themselves than going to the aggregators.
Correct @gauravgoyal_gg
Our industry relies on regulated incumbents. As soon as you start getting rid of the middlemen, there is no more insider's game.
This is really cool. Love the idea and congrats on the launch!
We were looking at wefunder as a crowdsource platform and decided against it for a number of reasons but mostly because we heard from other founders how difficult it was to get all the necessary follow ups, i.e. tax IDs, personal information, and even the actual cash investment.
How does Fairmint help with that sort of stuff?
Few other questions...
Is there a min investment or do the companies decide that?
Does it create a huge cap table with all the individual investors?
Who created the video?! It's so good!!
Maker
@justin_govy Hey Justin! With Fairmint investors provide everything at the moment they want to invest. They don't wait for the round to close.
There is also incentive to get in fast because you can raise the valuation at anytime.
Maker
@justin_govy You control the minimum investment and everything else in your portal.
Maker
@justin_govy All investors are under one line item in the cap table. This makes it easy to handle.
Maker
@justin_govy Adam Lisagor from Sandwich made the video. they make amazing ads
Hi Product Hunt👋!
I’m Joris, co-founder of Fairmint. I am thrilled to launch today on Product Hunt!
Since 2007, I've been working on ways to give more ownership and equity to people who add value to my companies. I wanted to give them more skin in the game, to be able to share the profits I had from the success of my businesses. But aligning interests and sharing your equity is so hard. Traditional equity is an outdated model — lots of intermediaries, designed for big checks, and reserved for insiders.
In late 2018, with my co-founder @thibauld , who is also a serial entrepreneur and angel investor, in crypto for a decade, we started to design an equity tool that would offer a 10X better experience.
✅ We wanted our product to benefit both the founder and their community.
✅ We wanted founders to be able to issue and distribute equity simply, without all the hoops.
✅ And we wanted individuals to be able to invest or earn equity in companies they love.
👉 Introducing Fairmint, equity of the future.
Fairmint empowers founders to receive investment from their biggest fans as well as VCs and grant equity to anyone that adds value to their company, like users, gig workers, employees -- anyone really. You can launch in minutes, and get back to building your business.
To put it simply, we are building the Shopify for equity.
Inspired by the crypto movement, we've built a full-stack solution with every process automated on-chain — giving our product the transparency, programmability, and compliance our customers deserve.
During our successful beta phase, we helped a dozen of start-ups raise over $20M from their community. And as "skin in the game" is our motto, we eat our own dog food 🤗. We've used our own technology to raise $7.4 million to date from 330 investors all around the world who support our mission. You can check out how much we've raised from our community and where our valuation is right on our home page.
Have you ever woken up in the morning with $10K or even $150K in your account from an investor you never even pitched? We have and so have our customers. It's an aha moment for them. With Fairmint, you can raise in your sleep 🚀
The cherry on top is that it's completely free until you get your first investment, making it a no-brainer for founders at any stage.
Big picture, we believe Fairmint will help democratize access to opportunities to create wealth that were previously reserved for insiders. When the next Airbnb or Uber goes public, the earliest hosts, drivers, guests, and riders should access the financial upside that the community helped build.
We're super excited for the Product Hunt community to take a look at what we've been up to.
Best,
We’d love to hear any and all feedback you have and we’ll be looking at comments here all day.
Maker
@joris_paris I deeply believe a world where everyone can have ownership in the companies they add value to and love is a much better world.
@joris_paris @thibauld A worthy cause and impressive product! Keep up the great work!!
Love to see such an international community rooting for Fairmint 🔥
Many french founders @edouardpetit @etienne_l @philippe_honigman and many others... seems like launching Fairmint to France should be bumped up in our (long) priority list 😅
Congratulations to whole Fairmint team & their community & investors! 🍾🎉🥳
Keep it up guys!!!
🙌 @mendorshikh you've been a believer from day 1.
We couldn't stop to thank you and your team for your trust. We are very proud of the work accomplished together, the impressive community you gathered and how you leverage Fairmint tech MJ.
Congrats to you and all your team at ERXES for making our vision possible and real! ❤️
This is an awesome product and I loved talking to Joris a few months back when we were raising our pre-seed. @joris_paris - question for you though - What is Fairmint's competitive advantage over someone like Party Round ?
Maker
@joris_paris @robinsinghvi Fairmint puts an end to oversubscribed and closed rounds reserved for insiders. Anyone that can visit your website can invest in your company at anytime.
@robinsinghvi as @ryan_nisbet said it, at Fairmint we extensively rely on the Regulation D 506c as we value General Solicitation. This is probably the major difference with PR. Now with Capital, they extend their services a lot. But so far, if you plan to give skin in the game to your community, we are a no-brianer.
@robinsinghvi @ryan_nisbet of course, we are not a law firm and non of my comments should be considered legal advice 😅
Only ~10% of US citizens are accredited investors and can invest in this platform. Launching the product to these "insiders" first without a simultaneous crowdfunding campaign seems like a mistake. Is there a specific reason it was done this way? Will the other 90% be able to get the same terms when you do launch the crowdfund?
Maker
@mikestaub You do not need to be accredited to earn equity. Most people do not have the savings to invest any money in a risky startup. Giving people a way to earn is the best way to democratize ownership.
@ryan_nisbet I tried to invest by clicking the "invest" button on your landing page and it turned me away saying that I have to wait for a future crowdfunding campaign unless I am accredited. Why didn't you allow both nonaccredited investors to buy $FAIR at the same time?
Hi @mikestaub , my proposal to chat regarding Peapods is still valid ;-). I will resend the email from sept19th, calendly link might need an update.
That said, communities are borderless and if US persons are still under the rules of the 30's💁♂️, that's not universal, fortunately.
@mikestaub Regarding the US non-accredited particularly, I am glad you wanted to invest in $FAIR and as of today, Fairmint's offering for US persons is reserved for accredited investors. Our customers run their offerings and decide on their own.
@mikestaub On the choice to not run an expensive and unjustified CF campaign for Fairmint: first there is what we believe: the concept of a campaign is totally broken. Fake signal, fake marketing, fake FOMO, fake scarcity, a lot of gamification, with money locked in an escrow account 🥴 And with the stats of campaigns ending with about 10% of success, it really doesn't justify the effort and expense.
As of today, the traction from US non-accredited ppl is barely over $55K, from 20ish US non-accredited. Would it make sense to file a form C? Not really considering the cost, the effort.
Do we want to be exposed to the 1M database of people in all CF portals, but not our community? Not really as well.
And this is just part of what drove our decision. We have so much more 😂
[All I say now doesn't apply to successful startups and founders like Immad at Mercury or Alex at ReflectApp with large communities able to raise even $5M in minutes. For them, it is not a matter of portal or tech]
So Mike, yes, Fairmint is not in the business of CF marketplaces/funding portals at all. But I already have multiple examples of communities who got skin in the game using our tech! without any crowdfunding campaigns.
Finally, Fairmint tech is unique as it allows people unable to invest because they simply can't afford it, to earn equity.
Don't you think it makes sense for a gig worker to earn equity for providing service rather than invest his small income in risk capital, in an early-stage company trying to raise on a crowdfunding portal?
Congrats on the launch and good luck 🍀 We will launch too, please support us and follow our product page: https://www.producthunt.com/prod...
I want to dig in more, but it looks really cool! Is it equity or some type of token? Do you pool everyone together into an SPV?
@andrew_berman Thanks, Andy!! Investors receive tokens that embody the rights of equity! Not an SPV, but a tokenized SAFE (or Shares) vehicle that goes on the cap table and makes managing larger numbers of stakeholders easier than ever before. Let us know if you have any other questions or feedback!
Hi @andrew_berman thank you for your message.
We've made equity programmable (yes finally software is eating equity instead of parking it on private databases and spreadsheets on steroids)
To let founders leverage these equity securities, we built the first full-stack software to issue crypto-native securities that are:
- Dedicated to your community
- Promoted on your website
- Ready to be issued in minutes!
It means no more expensive fund manager, no spv, no middlemen 🚫 the end of the insiders game.
This equity bears the financing right of traditional shares or future shares, just as all the investors, angels, and community members suggested to us when we surveyed them.
Funny enough, LPs are super happy to invest directly, and founders are super happy to give financing rights. Visionary VCs start to value the community as an asset, even more, a moat in a highly competitive market.
Imagine having Fairmint tech installed on Figma, on Notion... with a button in their app that says "invest" or "join" or "support" 😎 This is Fairmint.
@andrew_berman Eric and Joris said it all. I just wanted to thank you for your kind words 🙏
Looooooooove it, this makes so much sense, so many of our early users contributed to our product, they are one of the best growth driver and all we can give them is more voice and.. swag packs 😅
this is amazing to give them true upside GG!!
Maker
@christophepas Thank you for the support! Our launch today was planned entirely in Slite hahaha
🙌 @christophepas thank you, and your entire team! We love Slite at Fairmint & we are all use it every day.
What's missing on Slite? Not the Kanban view, we know it is around the corner.
The "community" button of course powered by Fairmint 😁
Thank you for your support Christophe 🙏
WOW see @christophepas Your community has your back. Whenever you are ready to give your community skin in the game, we will be there ;-)
What do you prefer @fmerian for your portfolio? $SLT or $SLITE💎
This is totally awesome. The concept, the execution, the tech. You guys are onto something big here. Kudos.
...Also your video is super cool. I have to admit that I don't usually have the time to stick around until the end, but this had me hooked, and made me chuckle. TOP work.
Congrats on the launch guys, I can't wait to tell my team about this! (that 'Invest' CTA is a game-changer!)
🙌 @dan_robins Appreciate the kudos ❤️ The team is often among the biggest asset you get in a company. Ours is dedicated, united, mission-driven. It helps deliver from conception to production, even on complex and legal matters. Thank you, Dan, and more than happy to continue our discussion any time, on telegram or email: jorisATfairmint.co
This video is EPIC I agree.
I remember my 1st feeling when I watched videos from Adam Lisagor at Sandwich.
I thought: if I need to explain a complex thing, Adam is the storyteller I want. A few weeks after, we had a zoom together and at the end of the meeting, he invested!
It was obvious then we would work together and he started to make the best pitch we could ever have.
😅 re: invest CTA is a game changer: indeed @dan_robins , some of our customers have an impressive transformation rate putting in their checkout flow.
I wish I had such a button on Figma, on Slite, on Miro, on Notion, on...
yeah, with it, I would have invested in pretty much all tools I use every day!
You got me hooked with this video 🤣 and the idea is 🤯. Might give it a try in future projects! I'll also mention it next Monday on my live stream called SaaS Addicts
@florin_biro Appreciate that!!! Let us know how we can help. Free until you raise, then it pays for itself :)
Hi @florin_biro , thank you for your message. Glad you liked the video, we love it as well.
This product would be a top priority for most of the startups. I really love how you present your product. Good luck
@varunrazora We agree! Fundraising without giving the same pitch hundreds of times...seems like a win! Thanks for your feedback, let us know if you have any questions or features you would like to see added in the future 🚀
Thank you @varunrazora ! Education is key for us and we are super excited reading it brings so much clarity to you and so many people today. 🤗
@eric_preston All i can say for now just keep giving us great updates. All the best
@varunrazora Agreed! We want Fairmint to become part of the modern startup stack 💪
@thibauld @joris_paris congratulation guys for this launch! I am following Fairmint from the beginning at TheFamily. Super idea and perfect execution! Keep going to deploy your vision!
I am very interested to use it with Magma but I have 2 questions:
→ It is possible to use Fairmint with a French company?
→ Can I bring my first round into it (shares and employees equity)? Or should I do it for another round?
Happy to discuss about it! Cheers!
MERCIIIIIII @edouardpetit ❤️
Quel chemin depuis TheFamily indeed. I still remember our 1st photo shooting, or 1st keynote about Fairmint by @thibauld 25 rue du Petit Musc in Paris.
There is such a strong bond with TheFamily ecosystem, between all founders, still years after. This is amazing.
OK so I stop the nostalgia 😅 and address your questions @edouardpetit :
→ is it possible to use Fairmint with a French company?
We are designed for US C-Corp 🥰 and we start to have multiple requests from Europe and Asia. Multiple founders have already decided to embrace the 🇺🇸 play and have incorporated an entity in the US.
Some also explore the ability to do it while being abroad. It is something you might want to discuss with local lawyers and we will be happy to join the discussion at any time.
As soon as we feel the regulation is as clear in Europe as it is in the US, count on us to pave the way :-)
and your 2nd question @edouardpetit
→ Can I bring my first round into it (shares and employees equity)? Or should I do it for another round?
OH YEAH! 💯 We've been building Fairmint with @thibauld with the objective that anyone who adds value to your company could access the financial upside he helps build.
It works for employees yes. But they are among the insiders in the traditional (and outdated) equity world.
We've also focused our work on community members.
Imagine if Travis Kalanick, early days at Uber, had had Fairmint and offered $UBER to his 1st drivers... How many lives would have been changed? We believe in social capitalism, in community ownership.
More than happy to continue discussing it! Ping us on telegram or twitter or email us: jorisATfairmint.co or thibauldATfairmint.co
Tellement. Venant de Paris, "on a tous en nous, quelque chose de TheFamily" 🎶 😅 @thibauld @edouardpetit
That looks super promising! Love the concept of it.
And the video was the best I've seen here in a long time.
Congrats on the launch and all the best 💪
@phil_schwengel Thank you so much! We're huge fans of the video too! The Sandwich team (who did the video) is amazing 🔥cc @lonelysandwich
Well this is awesome! I'm totally going to check this out in more detail in the lead up to our next round of funding! 🤘
Love the concept and the execution, particularly your promo video ha ha - really nicely done!
Sounds awesome @n_russell
While taping this comment I see notifications. Members from our customers' community are investing live. They sign an investment agreement in seconds and support the product they love investing.
I let you imagine the aha moment when the founders wake up with $10k or $50k from a member they never pitched. 😎
This video is EPIC because the story is huge ;-) And the storyteller, Adam Lisagor is fantastic.
Whoa! This is awesome. Congrats @thibauld @joris_paris / the website seems to answer all the objections I had. Not easy to do.
Whoa! This is awesome @thibauld @joris_paris / the website seems to answer all my objections. Not easy to do!