Disappointing to see @adam post this. Bit of a cheap shot imho to draw that link from one seemingly well intentioned fintech to another.
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The way itās done looks like a cheap shot against a potential competitor, and Iām very sceptical of dozens so if I see it that way 
Iād love to read a longer discussion of his concerns instead though
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To what I said previously please allow me to add: Iām giving the benefit of doubt. Until I get to see the paperwork Iām both holding on to my money and giving the benefit of doubt. After reading it I shall decide what to do. Meanwhileā¦ itās a sun shining Saturday
Edit: if no paperwork is produced the decision has been produced
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Iām always a little bit wary of these type of companies which advertise a headline interest rate which attracts the man of the street who doesnāt understand that their life savings would be at risk with the 5% fixed bond.
Also consider that theyāve advertised a lot to get where they are, but Iām no expert on them.
Itās a good point! 
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Happy birthday Raul 
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Canāt believe over Ā£3m has been committed with no pitch deck, financials, etc. Disappointing that Seedrs alows this.
Reminds me of the saying when your taxi driver is talking about stocks you should sell.
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Ā£2.5 million of that is from existing investors who probably have seen the pitch deck, and had conversations with the team.
From what I recall external documents like pitch decks are not verified by the platforms, although I agree itās dodgy to not provide the documents at the start of the round.
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Interesting. Itās a little shady when they donāt make it obvious that institutional investors make up the bulk of the raise.
Someone invested 1.5m and another 1mā¦ did they say who they are?
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I agree that they should make the major investors clear, @Freetrade_Team1 shared some information on who the current investors are, and their voting rights earlier on in this thread. Guessing itās the same people?
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Personal view: beware of anyone telling you that they have financial engineered a new security that pays 5% interest with no risk.
Reminds me a bit of the CFD and spread betting crowd claiming their products as being the same as share ownership.
Essentially, they are going to pay you 5% interest out of their own pocket as a marketing / client acquisition cost. Presumably financed by crowdfunding investors as they are not lending out or investing the funds to earn a higher interest rate.
I donāt think this is being presented transparently, rather, it is being presented as an introduction to investing and bonds more generally.
I donāt think itās good for new investors to think there is a way to earn 5% interest on a bond with no risk.
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I respect your view but this part isnāt accurate. Dozens Savings is prefunded by VC money.
Their Terms & Conditions are worth a read, but the layman never really bothers tbf.
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Thatās just the first issue, presumably it is not the last.
The Seedrs page says the existing funding is a convertible note with an interest rate of 10%.
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Is it the interest rate or the dilutive element that would be an issue? Hereās what AC says on itā¦
Personally, 10% of $3m dollars per year didnāt strike me as affordable when I first evaluated this and Iām assuming it will be converted as soon as the next raise if not before.
By āissueā I meant ābond issueā.
A convertible note is completely normal way of raising early financing, the most famous example perhaps being the note Peter Thiel gave to Facebook. As with that example though, there can be some relatively complex terms included.
On your question about dilution, Iād expect that the valuation and corresponding per share price of the round is calculated on a fully-diluted basis (ie assuming the note converts and any employee stock options are exercised). I know thatās the standard on Crowdcube, not sure about Seedrs tbh.
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Theyāll have 7m of issues, and I believe it is all prefunded and announced before the crowdfunding.
Anyway, all their regulatory filings and full details are up at their website, so thereās really no need for you to make accusations and assumptions.
Dozens shared this on their forum
You can now also request the āPitch Deckā on Seedrs.
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I have heard that if you invest in Dozens they will/might give you an early access code? Can anyone confirm this?
Iām sure I saw a post where they said they wouldnāt. However I canāt find it now.
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I found only vague statements on preferred access to bonds and a fancy card but not sure if that includes those codes. I am still places 4600 
Found it for you.
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