ZestySushi

Can we raise from equity tokens?

I am building something, say like a social network, for the consumer where they will use it. Now, I don't feel good raising from any VC because of their heinous nature,

Can I raise pre-seed funding for my startup via equity as tokens worth 1 lakhs- 5 lakhs for my own customers to purchase and minimum hold for 3 years as investment? (Given the value proposition and vision aligns with their customers)

Is this possible? Ofc. Yes.

Questions: Is this legal? If not, can it be made legal via some procedure like crowd funding? Unlike, ICO.

9mo ago

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GroovyNoodle

Stealth9mo

That's what angels are for. What you're seeking (naming as equity tokens) is an ico or crowdfunding.

If you don't want to go that route, best option for you is to find angels (individuals or syndicates) or do a friends and family round

ZestySushi

Stealth9mo

The point is finding a way to make your customers own piece of your platform and you can raise with ease at your terms and conditions.

GroovyBiscuit

Accenture9mo

Can we connect on telegram to discuss about startups and market?

SillyJellybean

Stealth9mo

Check out tyke and other similar Platforms, there's also equity list.

ZestySushi

Stealth9mo

How do they operate? I checked. Should there be a lot of paper work and formal exchange of papers? What I seek is as easy as any tokens, pay and receive equity tokens for my customer.

SillyJellybean

Stealth9mo

Tokens aren't as easy either. Lots of documentation and international incorporation required for better taxation. Getting it listed on exchanges after that which is also difficult.