FAQ – Frequent Questions


How ideaPledge Works

ideaPledge allows what no donation based crowdfunding platform allows, access to the $2 trillion dollar private equity market. Infact, according to Indiegogo’s own published data, the Indiegogo platform has access to 0.009% of the market that ideaPledge can reach. How is that possible? Because Indiegogo relies on getting friends to make gifts and donate money. For obvious reasons, that is not very popular. Investors would prefer to get a better return than a coffee mug, and that is where ideaPledge comes in place. ideaPledge allows Creators to share the passion … and the profits!

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When a Creator has reached 100% of the Pledge Goal, the Investors will then be contacted to complete the securities paperwork and funds will be electronically transferred to a third-party escrow account. Because Investors in most states have a statutory right of rescission, funds will be held for such period, typically 10 days or less, and after such time the proceeds will be transferred to the Creator and the applicable ideaPledge fees will be deducted and paid to ideaPledge.

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Almost any type of business can use ideaPledge to raise money. From film, television and music projects, to high tech, apps, and inventions, and even real estate, development and biotech projects can raise money easily and quickly with ideaPledge. Due to certain securities law restrictions, companies that invest in other companies, holding companies, and shell companies without a core business cannot use ideaPledge. Likewise, oil and gas extraction and mining companies cannot use ideaPledge. Of course any activity that violates the law of any state or of the federal law of the United States cannot use ideaPledge, and that would include gaming, lotteries and pyramid-scheme selling. Please see our Terms for more details.

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The Project Grid is where Projects are posted by Creators. It is similar to the project grid in Indiegogo and Kickstarter, except that it is viewed by investors, rather than donors, and specifies a percentage of the profits offered for an investment. Please see the Creator User Guide for detailed instructions about how to post a Project on the Project Grid.

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Investors can Pledge as little as $100.00. Creators can choose to increase this minimum if desired through the Project Page.

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The minimum allowed Project Goal is $50,000.

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Regarding prior offering data, ideaPledge.com is a privately held company and does not publish information about its members’ transactions. Moreover, the offerings are by definition private transactions that are protected by non-disclosure agreements, which are part of the Terms of membership in ideaPledge.com.

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Reg A+ and Reg D are two regulations issued by the United States Securities and Exchange Commission for the regulation of private securities offerings which are exempt from registration. You can read about each of them here:

www.sec.gov/smallbusiness/exemptofferings/rega

https://www.sec.gov/fast-answers/answers-regd

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ideaPledge has hired some of the most experienced lawyers and accountants in the world to help us build the app tools and template compliance materials, meaning that Creators can focus on their business, rather than securities compliance. All compliance is automated and handled by third-party suppliers. That means Creators never have to worry about compliance issues.

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ideaPledge provides the tools needed to make your project look great on the Project Grid, so that you can start raising funding today! In fact, take a look at the Creator User Guide, showing how easy it is to put together a great looking Project Page on ideaPledge.

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Creators can post Projects directly to the Project Grid. The Project Grid can be accessed by Investor Members who have already gone through an investor screening process. You can also invite contacts to view your project using social media, including Facebook and Twitter and many others.

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It is so quick to post a project to the ideaPledge Equity Crowdinvesting app. You are only minutes away from being able to present your project to interested investors on the ideaPledge Project Grid. Here is what to do:

  1. Register as a Creator: Only registered members can post a project to the Project Grid. Click here to register. Registration is free and there are no membership fees or costs.
  2. Create a Project: You can create a project in three ways: First, you can click on the “Create Project” icon in the Dashboard to the right side, which will take you to the Project Creation Page. Second, you can return to the Dashboard Toolbar and click on the farthest right button called “My Projects.” Both methods get you to the same place, and third, you can click on the icon “Post Your Project” on the Dashboard under “Services.”
  3. Submit For Review: When you are happy with your newly created project, click “Submit for Review” on the Project Page. Our staff will review and post your project within 3 business days. Because ideaPledge, LLC is not the issuer, our staff does not review the merits of your investment. The review is solely to prevent illegal or inappropriate content and offers from being posted. In the unlikely event a project is not approved, our staff will be in contact with you to discuss the reasons and how to remedy the post.
  4. View on the Project Grid: Once your project has been approved, it will appear on the ideaPledge Project Grid, viewable by tens-of-thousands of potential investors every day. Moreover, you can also invite additional investors to view it through the use of social media.


Start raising money smarter with ideaPledge Equity Crowdinvesting for small business!

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The number of projects is only limited by the total capitalization rules set by the SEC. In some instances the number of offerings under certain exemptions are limited by the total amount of money raised by that Creator in a given year. ideaPledge does not specify a limit on the number of offerings a creator may post to the ideaPledge app.

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ideaPledge allows what no other donation based crowdfunding platform allows, access to the $2 trillion dollar private equity market. In fact, according to Indiegogo’s own published data, the Indiegogo platform has access to 0.009% of the market that ideaPledge can reach. How is that possible? Because Indiegogo relies on getting friends to make gifts and donate money. For obvious reasons, that is not very popular. Investors would prefer to get a better return than a coffee mug, and that is where ideaPledge comes in place. ideaPledge allows Creators to profit from ideas.

In addition, no other crowdinvesting service provides the members the right to launch projects without a time consuming and expensive vetting process. ideaPledge works by connecting Creators directly with Investors, thereby eliminating the “middleman” in funding.

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Only Members who have registered as Investors can view the Project Grid. That is because in the United States, federal and state securities laws require issuers to keep small securities offerings private. So, in order to allow Creators to reach a maximum number of potential Investors, ideaPledge must require anyone viewing the Project Grid to register as an Investor. Registration is 100% free and easy for Investors.

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ideaPledge makes it so easy to post a Project! In order to post a project:

1) Register as a Creator

2) Fill out the Project Creator Form

3) Post to the Project Grid

That’s it! You can now share your project with other ideaPledge Investors Members, or you can invite your friends and social media contacts to view your project and make Pledges. It is that easy. ideaPledge integrates directly with social media, including Facebook and Twitter, so you can activate your social media network and start raising money from contacts!

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No! ideaPledge will never take any stake in your company, intellectual property, or profits.

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No, you do not have to form a company before you begin using ideaPledge. However, if you already have a validly formed United States based company, you may list such company on your Creator Profile.

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No, ideaPledge will arrange for all securities compliance work to be done for Creators. Through template forms and third-party providers, ideaPledge takes the hassle out of fundraising. ideaPledge only deducts a flat 10% from the proceeds to cover compliance, transaction and escrow costs, and no additional compliance costs will be charged to Creators.

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No, but certain materials you provide later may need to be reviewed by an accountant, depending on your funding level and number of investors. Accounting work, if required, would be the responsibility of the Creator.

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No, a business plan is optional. The share of profits you are providing to potential investors is selected on the Project Page. ideaPledge does not require you to prepare or purchase an elaborate business plan or so called “analytics.” ideaPledge has hired a leading securities consulting firm, with nearly twenty years experience in entertainment and high tech fund raising, and our experts agree that less is more when it comes to business plans. In fact, ideaPledge discourages making Return on Investment (ROI) claims, because the return from startup phase investing is so uncertain. Everything needed to persuasively present the project to potential investors, including a statement of the profit share, is built in to the Project Page Tools. Moreover, ideaPledge provides template securities disclosures and disclaimers, so you can focus on what you do best, creating!

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Investors

Profit! Only ideaPledge allows a vast array of startup phase Projects to share profits with their supporters. ideaPledge allows Investors to share in 1% to 50% of a Project’s profit, depending on the choice of the Creator. In addition, every Project has standardized terms, meaning that Investors who are interested in multiple projects will not have to research the terms of many different investments. Every Project posted on ideaPledge will have the same terms. Please see our Securities Disclaimers for details.

Category: Investors
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The Sophisticated Investor Membership is the elevated investor membership, allowing you to pledge to invest up to $10,000 in Creator Projects per year. The minimum investment for any creator project is $100, unless the Creator has chosen to create a higher minimum investment. Projects you can view will be pre-sorted based on your membership level.

As with all of the ideaPledge Investor Memberships, making Pledges is 100% risk free, because Investor Members can use iP Dollars to make Pledges, a virtual currency on the ideaPledge Platform.

Once your friend’s Project reaches the Pledge Goal, the Creator will provide you with all required securities disclosures and will ask you to fulfill your Pledge.

Category: Investors
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The Non-Accredited Investor Membership is the entry-level investor membership, allowing you to pledge to invest up to $2,000 in Creator Projects per year. The minimum investment for any creator project is $100, unless the Creator has chosen to create a higher minimum investment. Projects you can view will be pre-sorted based on your membership level.

As with all of the ideaPledge Investor Memberships, making Pledges is 100% risk free, because Investor Members can use iP Dollars to make Pledges, a virtual currency on the ideaPledge Platform.

Once your friend’s Project reaches the Pledge Goal, the Creator will provide you with all required securities disclosures and will ask you to fulfill your Pledge.

Category: Investors
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Investors can Pledge as little as $100.00. Creators can choose to increase this minimum if desired through the Project Page.

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The maximum allowed Project Goal is $20 million dollars, which is set by certain Securities and Exchange Commission (SEC) rules.

Category: Investors
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Regarding prior offering data, ideaPledge.com is a privately held company and does not publish information about its members’ transactions. Moreover, the offerings are by definition private transactions that are protected by non-disclosure agreements, which are part of the Terms of membership in ideaPledge.com.

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The Accredited Investor Membership is the highest investor membership, allowing you to pledge to invest up to $100,000 in Creator Projects per year. The minimum investment for any creator project is $100, unless the Creator has chosen to create a higher minimum investment.

As with all of the ideaPledge Investor Memberships, making Pledges is 100% risk free, because Investor Members can use iP Dollars to make Pledges, a virtual currency on the ideaPledge Platform.

Once your friend’s Project reaches the Pledge Goal, the Creator will provide you with all required securities disclosures and will ask you to fulfill your Pledge.

Category: Investors
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  • ideaPledgeAdmin says:

    In order to get qualified as an accredited investor and reserve shares, Users simply need to register as an investor here: https://ideapledge.com/registerinvestor/ This investor questionnaire allows the User to qualify to reserve shares at the accredited investor level if they meet the proper criteria. When it is time to purchase shares in an offering, additional documentation may be required, depending on the type of Offering invested in by the User.

  • Mike says:

    Thank you, it is the same as requirement to invest in a P/E fund. I assume of one was to desire investing at that level a simple submission of necessary documents is all that is required.

  • Mike says:

    What are the criteria to be an accredited investor?

    • ideaPledgeAdmin says:

      The term “accredited investor” is defined in Rule 501 of Regulation D of the U.S. Securities and Exchange Commission (SEC) as:

      – a bank, insurance company, registered investment company, business development company, or small business investment company;
      – an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
      – a charitable organization, corporation, or partnership with assets exceeding $5 million;
      – a director, executive officer, or general partner of the company selling the securities;
      – a business in which all the equity owners are accredited investors;
      – a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, or has assets under management of $1 million or above, excluding the value of the individual’s primary residence;[11][12]
      – a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year;[13] or
      – a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.

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    Reg A+ and Reg D are two regulations issued by the United States Securities and Exchange Commission for the regulation of private securities offerings which are exempt from registration. You can read about each of them here:

    www.sec.gov/smallbusiness/exemptofferings/rega

    https://www.sec.gov/fast-answers/answers-regd

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    Costs And Fees

    ideaPledge is the least expensive option available for any type of funding, both compared to other crowdfunding platforms, and also compared to all current crowdinvesting platforms. ideaPledge charges a flat 10% compliance fee. No other costs, transaction fees, or memberships!

    Investor and Creator Members always have 100% free access to the Project Grid.

    ideaPledge does not, 1) Take a percentage of ownership of any project, 2) participate in the profits of Creators, or 3) Own any portion of Creators IP.

    Moreover, many crowdinvesting sites require the purchase of expensive vetting reviews, business plans, and so called “analytics” before a project can be posted. ideaPledge does not require a business plan, or any other review or analysis. Creators are free to present projects directly to Investors. Post a project today by becoming an ideaPledge Creator!

    Category: Costs And Fees
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    ideaPledge does more, yet charges less! Other crowdinvesting sites have hidden fees and costs, and many users will end up spending over fifty-thousand dollars up front on compliance, review, and so called “vetting” of projects. Many crowdinvesting sites also end up owning part of your company. Likewise, total fees on Indiegogo and Kickstarter can reach 13% of proceeds raised. ideaPledge does not take any ownership stake in Creator projects, does not charge for vetting or review of projects, and covers 100% of compliance costs on the back end, from offering proceeds from successful projects that reach the Funding Goal. ideaPledge takes only a flat 10% for compliance costs, without any additional transaction costs or fees. So for less than the cost of running a donation crowdfunding campaign, ideaPledge creators can offer equity participation through a Reg A+ or Reg D offering to investors!

    Category: Costs And Fees
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    No, you do not have to form a company before you begin using ideaPledge. However, if you already have a validly formed United States based company, you may list such company on your Creator Profile.

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    No, ideaPledge will arrange for all securities compliance work to be done for Creators. Through template forms and third-party providers, ideaPledge takes the hassle out of fundraising. ideaPledge only deducts a flat 10% from the proceeds to cover compliance, transaction and escrow costs, and no additional compliance costs will be charged to Creators.

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    No, but certain materials you provide later may need to be reviewed by an accountant, depending on your funding level and number of investors. Accounting work, if required, would be the responsibility of the Creator.

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    No, a business plan is optional. The share of profits you are providing to potential investors is selected on the Project Page. ideaPledge does not require you to prepare or purchase an elaborate business plan or so called “analytics.” ideaPledge has hired a leading securities consulting firm, with nearly twenty years experience in entertainment and high tech fund raising, and our experts agree that less is more when it comes to business plans. In fact, ideaPledge discourages making Return on Investment (ROI) claims, because the return from startup phase investing is so uncertain. Everything needed to persuasively present the project to potential investors, including a statement of the profit share, is built in to the Project Page Tools. Moreover, ideaPledge provides template securities disclosures and disclaimers, so you can focus on what you do best, creating!

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    Members Outside the United States

    Yes, both Investor Members and Creator Members from countries other than the United States can use ideaPledge to start funding today! Limits may be imposed on investing in currencies from certain countries. Please see Terms for more information.

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