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🦄 Unicorner Startup of the Week: Republic
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✍️ Notes From The Editors
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Angel investing for everyone
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Republic is a comprehensive solution for investing in startups, real estate, video games, crypto, and more. Companies can offer equity, debt, or cryptocurrency for capital via public crowdfunding or private investment. For founders, it offers a network of resources, institutional investors, and advising services. Essentially, it wants to build a community where everyone is able to access funds and invest in budding ideas.
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💰 Business Model
Republic has a straightforward business model where it takes a 6% commission of the total amount raised and 2% of securities in each successful round of funding. It does not charge users any fees to make investments, which they can do through Republic’s iOS app or website.
📈 Traction and Fundraising
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Has 700,000+ investors who have funded over $200 million as of October 2020
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Raised $36 million Series A with investors like Tribe Capital, Motley Fool Ventures, and more
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Partnered with AngelList, Product Hunt, Binance, and others
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Helped raise millions for companies such as SpaceX and Robinhood
👫 Founder(s)
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Kendrick Nguyen, CEO: Previously General Counsel @ AngelList, Fellow @ Stanford Law, VP @ Permal Group, Associate Attorney @ Goodwin Procter, Civil Jurisprudence @ Oxford, Law @ BU, Neuroscience @ Berkeley
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Peter Green, Head of Product: Currently Co-Founder @ MeetingPulse, Founder @ Volga Verdi, Founder @ Free Money Studio, Board Advisor @ Whysaurus; Previously Masters in Strategic Management @ Higher School of Economics, Bachelors in Economics and Management @ Lomonosov Moscow State University
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Paul Menchov, Advisor: Currently Co-Founder and CTO @ CoinList; Previously CTO @ Republic, Head of Venture Infrastructure @ AngelList, CS @ Cornell
🔮 Our Analysis
Republic is leading the charge to democratize investing. With an all-star team, excellent growth, and strong numbers, the future is bright for this NY/SF startup. It has innovative investment vehicles with its “Crowd SAFE” equity—an adaptation of the YC-pioneered investment that converts to equity when a predefined trigger is hit—and crypto options that put investors and startups first, ensuring that both funders and founders are treated as partners, not adversaries. Combined with great industry partnerships, it’s hard to see a future where Republic falls flat. The company isn’t complacent either, as shown with its acquisition of Fig, a video game crowdfunding platform, in 2020. CEO Kendrick Nguyen told us that in five years, Republic hopes “to grow into the go-to investment platform for everyone around the world, whether (people) come to us with $2 or $2M to back companies, people, technologies, or industries that align with their passion.”
📚 Further Reading
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Made with 💜 by the Unicorner Team 🦄
Comments? Just reply to this email!
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🎁 Bonus Content!
If you'd like to learn more about how Republic and similar platforms are changing the world of early-stage investing for the general public, be sure to check out this article from Crunchbase News on Gen Z involvement in angel investing. |
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