Republic Note

Republic Note

A revenue-sharing, community-driven digital asset

A revenue-sharing, community-driven digital asset

Overview

Raised this Round: Raised: $2,020,811

Total Commitments ($USD)

Platform

Republic

Start Date

04/09/2023

Close Date

04/30/2023

Min. Goal
$360,000
Max. Goal
$2,020,811
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.36

Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

New York, New York

Republic Note is raising funds on Republic. It is Republic’s own digital currency used as a profit-sharing instrument with the investors. Republic Note has a finite supply and gives the investors a share in the profit when selected Republic portfolio companies succeed. Whenever a company in which Republic has invested makes an exit, a portion of the cash proceeds accrues to Republic Notes, and distributions are made to the note holders when the accrual reaches $2 million. The total Republic Note supply is 800 million, of which 330-350 million are circulating at launch. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a minimum target of $360,000 and a maximum target of $2.02 million. The campaign proceeds will be used for operating expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,629,853

$109,520

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,381,248

$-11,670,080

Summary Balance Sheet

FY 2021 FY 2020

Cash

$3,753,009

$3,486,798

Accounts Receivable

$309,104

$13,236

Total Assets

$13,365,923

$7,158,794

Short-Term Debt

$6,660,782

$316,937

Long-Term Debt

$0

$0

Total Liabilities

$6,660,782

$316,937

Financials as of: 04/09/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Republic Note 11/01/2023 Republic - $824,522 Revenue Share Funded RegD 506(c)
Republic Note 04/29/2023 Republic - $2,020,811 Revenue Share Funded RegCF
Republic Note 02/27/2023 Republic - $3,000,000 Revenue Share Funded RegCF
Republic Note 02/27/2023 Republic - - Revenue Share Funded RegD 506(c)
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Add to portfolio
Republic Note on Republic 2023
Platform: Republic
Security Type: Revenue Share
Price per Share: $0.36

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