They wouldnât have to do ANY of this, as Freetrade does this all themselves, and will need to continue to do it for existing investors of previous rounds. This is why I believe Freetrade should be exempted from the 5% success fee, given their long crowdfunding history.
Anyway, beating a dead horse. We wonât find out until Q&A in the pitch, which is after the site has crashed and we canât change our investmentsâŠ
Be happy they canât touch your round 1 investment lol that would have been a big chunk of money.
New to this Crowdfunding stuff so just a basic question - where is my FT shares going to kept? And am I able to sell them before they IPO?
I got a personalised guided tour into the off limits parts of the office 
I donât know if i should have gone âbehind the curtainâ
THIEVES!
Viktor was mentioning that a lot of the fees currently charged for buying/selling crypto donât have any resemblance to the actual cost and just appear arbitrary - rinsing customers for as much as the market can handle.
It looks like crowdfunding is even worse. Sure Crowdcube should be paid for the work they do but they shouldnât be clawing away a percentage of investorsâ profits like that. If Crowdcube want to enjoy the growth of the companies then they, as a business, should invest their own cash. The cost for providing their service doesnât rise proportionately with the âsuccessâ of our investments.
I have a feeling Crowdcube wonât feel any pain, like investors do, when crowdfunded companies tank and investors lose everything. Perhaps Crowdcube should have a Failure Refund Dividend that they pay to investors in crowdfunded companies that crash.
Talk about having your cake and eating it. Are they run by the same people as AJ Bell because theyâre twisting my damn udders and milking me just as hardâŠ
PS. Perhaps Freetrade should be looking (long term) into launching a crowdfunding platform down the line (and campaigning for such investments to be eligible to be within ISAs, SIPPs etc) and undercutting highwaymen like CrowdCube?
Just to triple check, this 5% carry fee doesnât apply if you have made the investments before April 2021, for example in the previous FT crowdfunding rounds ?
So this is ambiguous. FT opened for investment before 1st of April 2021. So my interpretation on the basis of the words is that a company that opens up investments before can have any rounds after that date 1/April/2021 and not be subject to fees. Is there a lawyer in the house?
See other answers above. I would read it as this round is subject to the 5% but previous rounds arenât however it is open to interpretation.
Thanks for the great event, loved meeting some of you 
Iâll be back
Really enjoyed coming to the event, seeing the workplace, listening to the AMA and all the chats before and after! Thanks to the whole Freetrade team for organising, was good to meet some of you in person!
Glad I asked my NFT question now!
@AJHY Spilling all the information! But Viktor didnât mention how much you need to invest to receive the NFT as a reward!
Any hint whatsoever about the valuation level or the share price ?
I thought Viktor and the team did a great job tonight 
We wanted to say thank you to everyone who came, either in person or via Zoom! Our team had a great time.
It felt electric to have 150 people at the office, and 500 on the video call. Those were the maximum numbers we could accommodate. We should try and find space to accommodate 1,000 people in the future.
Nothing like connecting to our beloved community members in person! Already looking forward to the next one. :freetrade:
Was a brilliant event, Viktor
Thanks for hanging back and handling all those extra questions like a champ!
Well done to you and the entire Freetrade team for all your progress so far
Already looking forward to the next meet-up!
Seedrs have had this in their terms from day one. A much better business model for those who are shareholders in Seedrs or Crowdcube.
Sadly there are costs to running business, and the crowdfunding platforms have to make money or go out of business. I think taking a fee up front and on profit is a bit cheeky, although more in line with PE and VC fundsâŠin saying that, VC and PE funds play a more active roll in managing the investmentsâŠI havenât seen the same from Crowdcube/Seedrs as I have watched a handful of my investments go in to liquidation (e.g. Den) or be sold to someone else for nothingâŠridding themselves of crowdfunders (e.g. Mush)âŠ
Itâs still few and far between investments that result in an exitâŠso donât get too worked upâŠlots of paper profits floating around. No one will take their 5% until you manage to cash out. And 5% of nothing is not a lotâŠ
Alternatively, invest else whereâŠFreetrade offer shares in plenty of listed entities and ETFs.
Great meeting Viktor, refreshing to see such openness. This is indeed a rapidly changing world and you guys are helping accelerate this with innovative and simple products. Well done everyone at freetrade. Roll on next Wednesday eh.
Does anyone have a summary of the Q&A? (not sure what the format of the event was)
Iâm interested in any new information that might have come out about Freetrade/the crowdfunding. Thanks
@NeilB new profile pic looks like you now work for Freetrade. Love the neon sign in the background.
I had to get the neon selfie! When you walk into a room and say Hi Iâm @neilb - you know, the guy with a cartoon dinosaur picture tumble weed
Brilliant event Viktor. Sorry couldnât attend but was great to watch on zoom. Thank you to everyone that asked questions too. Hope you all enjoyed pizzas