@muntasir_rashid Thanks for your kind words, we have an amazing team! Currently we are only licensed and structured to support US legal entities. I suggest talking to Hannah Forbes on Linkedin, she's the EU crowdfunding platform expert and super helpful!
Maybe the comparison to Robinhood is not appropriate for you (regarding their last "scandals"), but your product is really smart! I like the UX and the fundamental idea, very good job guys and thanks for sharing :)
@benoit_chambon Hi Benoit, we appreciate the feedback. Really where we feel there's a comparison is we've invested heavily in optimizing the user experience so anyone can easily understand the investment opportunities and sign up and invest in under 1 minute! We appreciate you checking it out and your kind words.
@freddycoen We do perform supervisory duties on the companies including interviews, background checks on major owners, verify they're legal entities, and make sure their disclosure form is materially complete. Check out some of the campaigns on the platform and let us know what you think!
@jason_crystal I tried to click through on the website to some of the startups listed but none of them seemed clickable; is it only via the mobile apps that it's possible to invest?
@andrew_keats Hi Andrew. Yes, we're currently working on adding invest from website functionality, but currently it's ios and android app only and the website is just for marketing purposes to help people find the app. We should have invest from web functionality within the next month, but highly encourage you to check out the app as well before then!
@jason_crystal@john_mccrea@_duncanhall Certainly. Once we feel the product has become self sustainable in the US market looking at the EU market definitely the next phase.
Great to see you launch on ProductHunt today! What you're doing in this space in much needed and provides so much accessibility to lots of folks. Keep up the great work!
Startups are notoriously hard. Most founders know the odds are stacked against them before they launch, but still work long hours battling uncertainty and rejection as they grow their business. We love founders who take on this challenge because they're passionate about the problems they're solving.
Miventure is built on the premise that while building a startup is difficult, investing in one shouldn't be. We're reimagining how founders raise their friends and family round to make it more efficient and less painful.
Our mobile app makes it easy for anyone, including retail investors, to research and invest in startups they believe in right from their mobile phone. We're inspired by the founders already on Miventure and we're excited for you to experience it for yourself.
Congrats on launching on Product Hunt! The app is really well done and fills a huge gap in the startup environment. Excited to learn more and get involved.
@jelveh Thanks Ali, we're really excited about more early stage startups having the ability to potentially raise their friends and family round on Miventure!
Cool concept! Im wondering how the valuation of companies work in such an early stages? Also is it based on SAFE notes? I have a startup of my own and am interested both from the founder side as well as investor side. Cheers!
@christian_dooley Hi Christian, thanks so much for your question. The startups on the platform are all currently using what we call CrowdSAFEs, which is similar to the YC safe. Please check out our educational materials to understand the differences. They determine the valuation cap and discount on the CrowdSAFE and investors can determine which campaigns based on the traction and deal terms they want to invest in. Each campaign sets a minimum and maximum goal and the campaign is not successful if the minimum goal is not reached. In the even a campaign is unsuccessful, investors get a refund on their investment. If the campaign is successful, investors receive signed deal documents at the end of each campaign. You can easily track all your agreements in your portfolio so they're easy to find whenever you need. Hope this helps!
Great Product. Is it globally accessable or available only in specific regions and how do you place checks on investors for example, Verification and so?
@omerasif Hi Omer, it's accessible by everyone on ios and android in most countries, but in order to invest currently we're only licensed and structured to allow investors with a US tax ID. Allowing international investors is on our long term roadmap. Thank you for checking it out!
I downloaded your app from the app store, tried to sign in with apple login and when i put in my name and dob, it throws up an "oops something went wrong error" and pushes me back to the sign up page. Then when i pressed the sign up again with apple mail, it throws me straight into the app.
@miventure@andrew_reed2 Thanks, we'll take a look and make sure there's no issue. Feel free to send us feedback by hitting submit feedback in the menu once you explore everything! Have a great day.
Coming from the banking and startup world, I knew how difficult it was to attain funding for startups from both sides. Too risky for banks and there were just too many startups for VCs to fund them all.
With Miventure, we help increase the yield of available funds by creating an easy to use tool for your friends and family to easily invest in your business. Only takes 1 minute or less from download to investing with Miventure.
Well, need of the hour Jason. So excited to see your support structure for such ideas & executions. #startupinvesting Such a brilliant idea.
NB: Do post your growth journey in Indiehackers, which will bring you even more traction + submit it in r/startups (May month thread) + be active on r/startups & r/Entrepreneur/
I am a member of couple of slack groups who are into User Acquisition & Growth Hacks. No doubt for many of them this would be a great opportunity and for this startups guys it would be more sign ups & traction. Let me know if you are interested, will connect with them.
Sent you a message via LinkedIn.
All the very best. 😊 🙏
@achyuthan definitely interested, follow up with me via email jason@miventure.com. We also have a founders helping founders discord group if anyone would like to join it, please reach out.
As the product guy for a company that builds mobile and web apps for startups (and others!) this is a fantastic app to help the founders get the investments they need to get things going and to iterate on their product while they establish product market fit!
@alphonse86 Hi Sean, thanks for the heads up. We contacted support yesterday because there was an issue with our launch and they resolved it today. You should be able to upvote now. Hope you're enjoying the product!
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I see that you are directing people to download the mobile app, do you have a web app as well?
Anw, I'm on andriod I tried to click on the playstore button on your homepage but it directs me to App store instead. You might wanna fix that.
Lastly, do you vet start ups who wants to list on your platforms? if yes, what steps are you taking to prevent scams or rogue companies.
@ken_moo Hi Ken, thanks for pointing that out. We use a redirect link, so if you use the https://www.miventure.com/download on your mobile device, it'll direct you to the correct app store. If you do it from your computer, it'll take you the apple app store. Yes, we are mobile only currently.
We mainly look for companies that are current or past participants of reputable incubator / accelerator programs. We also are licensed as a funding portal so we perform what are called supervisory on the companies. We do background checks on the major owners, verify they are valid legal entities and make sure their disclosure form is materially complete.
@tharejamudit Hi Mudit, thank you for your question. There are two types of crowdfunding, investment based and non investment based. We're on the investment based side, similar to CC, but in the US. Investment crowdfunding is regulated by FINRA/SEC and there are supervisory funding portals must perform before they list a campaign. Kickstarter is on the non-investments based side and is not regulated because they offer rewards as opposed to securities to campaign backers. Gofundeme is another example of a non investment form of crowdfunding that is donation based as opposed to investment based. On Miventure you become an equity owner in the startup if the campaign is successful.
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