The new crowdfunding website LocalstakeNC offers a four-step process to help startups raise as much as $2 million. But it’s not free.
A variety of fees are charged at each step, including a mix of one-time and monthly charges as well as a flat percentage of funds raised.
Serial investor and crowdfunding advocate Mark Easley announced the launch of LocalstakeNC on Tuesday.
Here are the four steps:
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Phase 1: Cash Flow Analysis
Phase 1 Pricing: $79 / month
Review your current financial situation and make plans for future financing using our cash flow tools.
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Phase 2: Fundraise Setup
Phase 2 Pricing: $199 / month + one-time $1,000
Build out your business plan and profile.
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Phase 3: Fundraising
Phase 3 Pricing: $199 / month + up to 5% of funds raised (less one-time $1k fee)
Market your fundraise, connect with investors, sign investment documents, and transfer funds. Localstake NC will verify the eligibility of all investors.
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Phase 4: Post-Fundraise
Phase 4 Pricing: 1% of funds distributed
Once you’ve fundraised, use Localstake NC to distribute funds to investors (as applicable) and communicate with your investors.