I would disagree - they aren’t doing it for the money - they are doing it to gain thousands of new investors who will want to spread the word about the product. I think they should do it but cap the amount you can invest to maximise the number of investors.
Edit: Sergey beat me to it! Must have posted at the same time!
I don’t think it will make much difference at this stage of the game. You tube ads are going out and millions will be going into advertising. Many of the investors last time were previous investors.
Freetrade is so big now it will grow on its own. There will be 500k users this time next year
I could see some benefit in doing more crowdfunding campaigns if they are on German or French (for example) crowdfunding sites and limited to €X investments.
Crowdcube recently (pre-merger) announced a new type of raise for companies which would allow existing shareholders to sell their shares at a new valuation. I could definitely see Freetrade approving something like this, as it would allow those who backed them in R1 or R2 to get a return.
But agree that Series B & C should be the main focus now.
Most of whom probably were on freetrade tho. Remember all sign ups of freetrade were emailed. I just think that for the time it took Adam and the team in doing the crowdfund round for what 10k max more users going forward they will look to what maximises their time etc. Thats just 2 or 3 weeks sign ups nowadays.
I expect there will be 1 more round and I’m going to hazard a guess it will be the last in May 2021.
I knew a guy who rejected the opportunity to invest in Betfair in the early days. They wanted £100k, reckon that stake would be worth about £30m in today’s money.
Is that mostly based on the number of Freetrade shares he has and the share price last round?
If so it probably hasn’t changed significantly
Incidentally I think this way of ranking wealth by a share price and number of shares is flawed. While Jeff Bezos might be worth however many hundreds of Billions it is now based on his Amazon shares, it would be impossible for him to actually raise that much cash by selling them because there wouldn’t be the buyers.
I believe the share price may have increased significantly since May (hopefully we’ll find out soon with the Series B?); we now have over 50% more users than we did in May but more crucially Freetrade have taken a massive step forward in terms of being a viable business. They’ve released Plus, and soon to release SIPP’s (which will bring a massive increase in deposit size), as well as a potential Series B. The plan for Europe next year looks a whole lot more concrete as well, I believe Adam mentioned they were hiring for a Luxembourg office and now we’ve seen a plan to establish a footprint in Sweden, this all looks very promising! Scaling into Europe successfully will be the key to unicorn status imo.
Anyone tell me what i’m worth? I’m in for £3k at 43 million and 7k at 140 million so quick guess about 35k at 280 million valuation? Maybe Adam or Viktor can reply
Hey, new to the forum, so not sure where to post this.
Will Freetrade be crowdfunding again?. I seem to have read that they may crowdfund again, but then I also read that they won’t be, and it will just be the series B.