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)
What do they do?
Lead Source – FB Ad
Traction – Expanding to consumer market
Round Size: 10m
Valuation: 65m Pre-Money
Minimum Investment: 997
Price Per Share: 2.996
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!