Fairmint Profile picture
Sep 1, 2020 β€’ 9 tweets β€’ 4 min read β€’ Read on X
Today we're happy to publish Fairmint's Q2 report. Our first ever report since the launch of our CSO πŸŽ‰οΈ
blog.fairmint.co/fairmint-q2-20…

Here is the main takeaway πŸ‘‡
In Q2, Fairmint received $176,474 from 68 investors.

This was done without marketing or press (except the initial announcement) to get a sense of what the organic number would be.

Now the time has come to start our engine πŸ›« Image
As we started our CSO at a very low valuation, early investors already enjoy a hefty 2.52x return on their initial investment πŸ’° Image
On the business side, we focused Q2 on working on the 120+ inbounds we received to better understand the companies that were organically interested by Fairmint.

This enabled us to clearly sharpen our value proposition and sign our first 3 customers πŸŽ‰ Image
Q2 validated and even reinforced in Fairmint's core value proposition:

"Fairmint provides founders with the most effective solution to turn stakeholders into investors"
Interesting takeaway:

Companies we discussed with were not only interested in raising money but also very interested in rewarding their key stakeholders πŸ™‹

Be it to increase loyalty, boost acquisition, reduce churn, increase engagement etc...
Talking to many investors and prospects in Q2 also helped us identify a tremendous business opportunity for Fairmint that we'll be unveiling soon.

We can't tell you more just yet :) Image
Clearly, the world is shifting towards the ownership economy and there is no going back.

The recent discussions around #FairLaunch and #ExitToCommunity are another proof of this (r)evolution.

Get ready for an exciting Q3 πŸš€
The world is shifting towards the ownership economy and there is no going back.

The recent discussions around #FairLaunch and #ExitToCommunity are another proof of this (r)evolution.

Get ready for an exciting Q3 πŸš€

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More from @FairmintCo

Nov 15, 2021
After raising $6M+, we've got a pretty clear idea of how raising w/ a rolling SAFE means following a brand new playbook as compared to traditional fundraising.

So we wanted to share some insights to help other founders succeed with their company's rolling fundraising πŸ‘‡ Image
1/ Raising funds with a rolling SAFE has nothing to do with any legal technicalities.

It's all about *how* you fundraise.

You're tapping into community capital and transforming your supporters into investors - so talk about what they're excited about.
2/ That means you sell your vision, not a financial instrument. Founders get excited about the rolling SAFE, some really want to market it to investors. But investors are investing in your vision, your productβ€Š - β€Šnot the contract you use to raise funds. Image
Read 12 tweets
Sep 24, 2020
Today, we're proud to unveil the CAFE β˜•οΈ

Continuous
Agreement for
Future
Equity

A digital, open & scalable alternative to the SAFE that enables fundraising on a rolling basis while turning a company's equity into a compelling community engagement tool:
medium.com/fairmint/intro…
Fairmint was founded to transition the world toward a stakeholder capitalism πŸ™‹β€β™€οΈπŸ™‹πŸ™‹β€β™‚οΈ

Fairmint exists to give founders the opportunity to turn their equity into their most powerful community engagement tool.

The CAFE β˜•οΈ was designed to make this vision a reality.
We partnered with @collins_belton & @lex_node to keep the simplicity of the SAFE while addressing the expectations of founders, investors & stakeholders:
1. Equitable access to the financial upside for all
2. Increased liquidity for investors
3. Long-term control for founders
Read 9 tweets
Jul 31, 2020
Today, we're happy to announce the release of @FairmintCO's smart-contracts in Open Source πŸŽ‰

They are likely one of the most audited and documented contract if you're looking to implement a linear bonding curve.

blog.fairmint.co/continuous-fin…
The source code of our smart-contract is published under GPL v3 and available here: github.com/Fairmint/c-org

As you can see, it has 100% test coverage and the code is fully documented.
Our linear bonding-curve smart-contract is also fully specified, making it not only easier to understand but also easier to port to other blockchains if relevant for you.

The full specification is available here: github.com/Fairmint/c-org…
Read 9 tweets
Apr 10, 2020
We're very proud to let you know that Fairmint is now open for business πŸŽ‰ blog.fairmint.co/fairmint-is-op…
Launch your CSO to get financing at public market valuation by letting anyone in the world who supports your product & mission invest in your company.

You retain full ownership and stay focused on what matters most: developing your business! Image
The truth is:

fundraising sucks! Image
Read 9 tweets

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