Biz Builder Mike

Biz Builder Mike

Equity Crowdfunding Radar: Virtuix

wpengine October 17, 2020

Hello all!

I just started a series where I cover a high-level overview of interesting equity crowdfunding opportunities. What do you think of Virtuix?

Here’s my breakdown:

Equity Crowdfunding Radar: Virtuix

By Novice Investing (Note: This is not financial advice)

Evaluation:

What do they do?

Lead Source – FB Ad

Profitable? No.

Traction – Expanding to consumer market

Listing Info:

Broker? SeedInvest

Round Size: 10m

Valuation: 65m Pre-Money

Minimum Investment: 997

Price Per Share: 2.996

Unicorn Signals:

Edit: Big thanks to everyone who has been chiming in! There are a lot more flags that you’ve all mentioned! Finances, consumer dissatisfaction, fragmented cap table, and loan write-downs being just some of them! I’d definitely recommend checking out the preso mentioned in the comments below, that outlines 13 potential red flags for this company!

Source

Categories: Crowdfunding
Tagged: , , , , , , ,

Related Articles

SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition

The Securities and Exchange Commission (SEC) has outlined its regulatory agenda for the coming months and at the top of the list are exempt securities that include Reg D and perhaps other exemptions such as Reg CF and Reg A+. Of note, is that the… Read More

The post SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition appeared first on Crowdfund Insider.

bizbuildermike June 13, 2021

Virtuix Closes $19 Million Series A-2 Round Leveraging Reg A+ Securities Exemption

Virtuix, an augmented reality gaming platform that allows players to experience virtual worlds, has raised over $19 million from 6500+ investors in a Series A-2 funding round, according to a note from the company. The securities offering was listed on SeedInvest. Virtuix has previously received… Read More

The post Virtuix Closes $19 Million Series A-2 Round Leveraging Reg A+ Securities Exemption appeared first on Crowdfund Insider.

bizbuildermike May 26, 2021

Insurtech Broker Cover Whale Announces Collaboration With Smart Choice For Truck Insurance

  Cover Whale, a U.S.-based insurtech broker, announced on Thursday it has formed a new partnership with Smart Choice. Cover Whale revealed its truck insurance platform will now be open to Smart Choice agents in select states and will provide new insurance options to America’s… Read More

The post Insurtech Broker Cover Whale Announces Collaboration With Smart Choice For Truck Insurance appeared first on Crowdfund Insider.

bizbuildermike April 23, 2021

Elaborate Scam App Impersonates Leading Asian Bank; Victims Duped into ‘Investing’

Campaign is still active and growing; second bank app identified Zimperium, in collaboration with a leading Asian bank, have uncovered the early stages of a coordinated effort by scammers to defraud existing and new bank customers. In this blog, we will: Alert the general public about the scam before it gains traction;  Outline the entire … Read More

The post Elaborate Scam App Impersonates Leading Asian Bank; Victims Duped into ‘Investing’ appeared first on Zimperium Mobile Security Blog.

bizbuildermike January 20, 2021

Report Content

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.