On Monday, our public equity fundraising seed round opened on Wefunder. Why did we decide to raise our operating capital via crowdfunding?
Because crowdfunding is fundamentally democratic.
With crowdfunding, everyone’s invited to gain an ownership stake in our fund.
But the bigger picture is even more compelling: startup funding is overdue for disruption. Here’s why:
We believe that it’s time to rethink the startup funding landscape, in all its dimensions.
We started Chisos to reimagine who gets funding, when, and how. More folks deserve a chance to be entrepreneurs, and we built an investment approach (the CISA) that makes it possible.
That also means inviting more people to become investors themselves. Crowdfunding embraces that democratic ethos.
To get even more specific, crowdfunding was the right choice for Chisos to raise our seed round because:
The way that we've structured our fundraise allows anybody to invest in our company.
That said, crowdfunding is still relatively new and unconventional, particularly in our space. We’d be remiss if we didn’t acknowledge other leaders who helped to clear a path.
Arlan Hamilton, Founder of Backstage Capital, pointed a way forward. Seeing her team’s success with crowdfunding made it clear that many believe in increasing access to entrepreneurship to all, not just the privileged few. Tyler Tringas, Earnest Capital founder, and his team validated the idea that everyday people care about disrupting traditional VC.
While we find strength in seeing their success, we’re doing things a little differently. Our investment approach - the CISA - is unique. (You can learn all about it here.) We’re also building a FinTech platform that other entities can use to match entrepreneurs with capital.
If you invest in Chisos, you’ll fuel our platform development, strengthen our community, and support this mission. (We've raised over $250K so far, and there's still a little time for you to get early bird terms.)