Equity Crowdfunding Radar: Virtuix

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

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