[Crowdfunding šŸ”Ø] Evarvest

If anyone wants to invest in this (or anything on Seedrs), you get Ā£25 credit if you use my referral link to sign up:

Wish I knew about this before, literally just created an accountā€¦ too late for me now :cry:

Edit: Oh you have to spend Ā£150 in 30 days to get it, nevermind

Letā€™s face it, Evarvest is late to the party.

But the thing I find most astounding is that they hope to compete with a weaker value proposition! I asked questions on the Seedrs page and the CEO said they have no plans to offer fee-free trades.

Whoā€™s gonna want a paid underdog product when market leaders are free? Itā€™s like trying to build an Amazon competitor today with 10-day delivery. I bet their cac will be sky-high.

The social features might seduce some, but they obviously belong to the nice-to-have category. Plus eToro already does a good job at that so whatā€™s the incentive to switch?

Feels like the USP ā€œuniting the worldā€™s exchangesā€ was written for investors, not users. It might sound good at first, till you realize youā€™ve seldom encountered a real person complaining about ā€œlack of exchange unification in the worldā€.
That wonā€™t help SEO eitherā€¦

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Perhaps there is a reason they raised Ā£89k so far, of which Ā£75k is from a single investor in the exact same city they are located. :grin:

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To be fair I think Freetrade have shown that they are able to raise ā‚¬97,000 in about a minute, based on past crowdfunding campaigns. Just saying

Agree, late to the party.

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They raised Ā£1m in 77 seconds so thatā€™s more like ā‚¬15,000 in a second or ā‚¬900,000 per minute :sweat_smile:

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insert 20 :rocket: emojis

Thatā€™s insane! Looks like the servers held up just fine! :joy:

According to the Evarvest CEO, 63.5% of the global population is between the age of 18 and 35. Think about it for two seconds and youā€™ll see you unreasonable it sounds. But sheā€™s the CEO (yeah, like a company this size has a CEO) and keeps repeating this because she read (probably misread) it somewhere. If thatā€™s the level of attention to detail and scrutiny of data, I dread to think what else lurks.

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According to world population project (2012), 16.3% of world populations is 14-24 years, so a bit of a stretch to assume that 24-35 years adds another 45%-ish. Would like to know her source.

Even if it were true, most of that population would be in the underdeveloped world where populations are skewed towards younger, but where GDP and disposable income is much lower.

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Yes, she adds in her analysis that 89% of them are investors. Iā€™ve commented that a high proportion of them (the actual number) lives hand to mouth and donā€™t have a bank account, along with my thoughts on the 63.5% number, and have no response.

It doesnā€™t matter what her response is: sheā€™s quoted this multiple times without questioning it, and Iā€™m not going to invest in someone who hasnā€™t got the critical reasoning capability to question such a stat. Probably has a hockey stick showing 1 million percent growth in customers to 500 billion.

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Geographical launch pattern seem mental as well, they seem to think they can enter whichever region they choose at will, irregardless of regulatory differences and complexities - and all for a legal fee of Ā£75k in total. I wonder why RobinHood and others havenā€™t figured this one out. :slight_smile:

They claim to use the licensing of their partners to go global at a rapid scale, if thatā€™s the case then they will be heavily reliant on intermediaries so their commercial model wonā€™t stack up against FreeTrade who are all about cutting out the middle-men, rather than introducing a new one.

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Source : Gen Z to Outnumber Millennials Within a Year: Demographic Trends - Bloomberg

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Maximum funding of ā‚¬300,000 in this round.

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Hi there -

https://www.instagram.com/p/B0D6jFHgFKb/

It seems like Evarvestā€™s app is very functional and informative vs Freetradeā€™s - is it a fair observation?

In all fairness, videos like that do not necessarily mean the app is complete up to this standard. It could be the case that everything has been drawn to match the style it is designed to be upon completion.

It would certainly be interesting to see what it is like once private beta will be available :slight_smile:

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Their investment line up is here:

https://community.evarvest.com/t/evarvest-investment-library-our-launch-stocks/260?utm_source=newsletter&utm_medium=email&utm_campaign=our_stock_etf_library_plus_the_latest_quiz&utm_term=2019-07-20

Certainly an extensive list ā€¦

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Perhaps it is easier to offer so many stocks when a partner firm facilitates the orders and charges a tiny proportion due to their economies of scales? Hopefully, that will be the case with Freetrade once larger volumes come into play

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Yeah, rather frustrated by the limited choice on FreeTrade at the moment. The investment platform canā€™t come soon enough.

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Anyone watched Evarvest webinar today? Thoughts?