{"data":{"type":"company_profile","id":79644,"entity_id":"wefunder:company:79644","attributes":{"canonical_url":"https://wefunder.com/chisos","generated_at":"2026-06-10T02:44:04Z","updated_at":"2026-06-09T05:00:25Z","entity_ids":{"company":"wefunder:company:79644","slug":"wefunder:company_slug:chisos"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-10T02:44:04Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-09T05:00:25Z","as_of":"2026-06-10T02:44:04Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-09T05:00:25Z","as_of":"2026-06-10T02:44:04Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-02T20:13:44Z","as_of":"2026-06-10T02:44:04Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-02T20:13:44Z","as_of":"2026-06-10T02:44:04Z","confidence":"medium"}}},"company":{"id":79644,"entity_id":"wefunder:company:79644","slug":"chisos","name":"Chisos","tagline":"Fast, flexible capital for great entrepreneurs. More reliable returns for investors.","elevator_pitch":"Chisos develops software and raises funds in order to provide capital to idea- and early stage startups using a new investment approach called a Convertible Income Share Agreement, or CISA - a unique combination of equity and an income share agreement.","story":"Did you know that personal savings, credit cards, and family contributions make up 83% of all startup funding? Or that, according to a Morgan Stanley report, traditional VCs have a $4T blindspot when it comes to women- and minority-led businesses?Chisos provides a unique source of alternative financing for overlooked and under represented entrepreneurs. Your investment will help build the platform to connect great potential founders with capital.Fewer than 23% of founders who receive VC funding are minorities, and only 2% of all VC funding goes to women-led groups. Meanwhile, new ventures can’t qualify for bank loans. Chisos solved this problem by pioneering an innovative investment approach: the Convertible Income Share Agreement (CISA). The CISA purposefully combines the best features of two commonly known instruments, SAFEs and ISAs. How? We receive an ISA from the founder and a SAFE in the founder’s business. Founders get the capital they need to start and grow their business, and investors benefit from a de-risked approach with uncapped upside. Win-win. We’ve raised $550K pre-seed operating capital, $500k in Fund I investment capital, and we’re currently raising $10mm in Fund II. More than 350 founders have applied for capital through our online app, (over 60 alone in March 2021), with 10 investments complete. We developed a FinTech platform with our proprietary underwriting algorithm, as well as an automated application and diligence process to source, underwrite and service thousands of applications and hundreds of investments.More individuals are seeking to start their own businesses; this translates to demand for new business funding of $3 billion+ per year in the U.S. alone. Millennials and Gen Zers are 188% more likely than baby boomers to have the aim of creating a side business. New entrepreneurship will surge, and we’ll be there to meet the moment.Our CEO, Will Stringer, has been featured in TechCrunch’s “12 ‘flexible VCs’ who operate where equity meets revenue share,” as well as on Angels and Entrepreneurs, S²TV and the Opt Out Life podcast.We have ten (10) portfolio companies in our first fund, and two more in diligence.Over 2/3rds of the portfolio companies are led by underrepresented founders. Our Investments in each range from $15K to $50K. A third of the portfolio is already making regular ISA payments, and the first to achieve a Qualified Financing to reduce the ISA was Re-Nuble Inc. (in November 2020).Our powerhouse team is backed by a world-class board of advisors with experience growing multi-billion dollar businesses. Including:We’re making first money capital investing better for founders and investors. Here’s how we’re founder-friendly:When selecting investments, a founder’s financial background is only one—but not the sole—factor used to determine eligibility. We offer flexible start-and-end ISA payback with an equity clawback option (up to ⅔), plus the 1X payoff cap with a Qualified Financing. Founders also get a clean cap table, as the ISA obligation is decoupled from the equity (SAFE).With Phase II underway, we are operating as an asset manager to get capital into the hands of entrepreneurs using our CISA funding instrument.Phase III takes the FinTech infrastructure built and utilized by Chisos, and offers it to other entities and investors (universities, corporate innovation, municipalities \u0026amp; individuals) for their own early stage / CISA investing efforts.Our end goal is to take the CISA global, enable undervalued entrepreneurs anywhere to leverage their own potential to raise that first investment check. This outcome creates a global fintech organization with significant shareholder value.There’s no better time than the present to invest with us! Income share agreements are gaining traction in the US, predominantly in the education sector. 2020 ended with over $500 million in ISA projections, which included the job training and philanthropy spaces, respectively. We fit perfectly within the current startup ecosystem, partnering symbiotically with upstream and downstream ecosystem players.Over the next five years, we project tremendous revenue growth, both in terms of asset management and licensing/SaaS fees. The latter category represents the bulk of those gains, with over 75% of a projected total of more than $45M coming from licensing fees in 2026. In that same timeframe, we expect asset management revenue to double every year from 2024 to 2026, reaching the $10M mark by the fifth year. (NOTE: these figures are forward-looking projections that cannot be guaranteed.)*This Investment Offering is Not a FundThis offering is for convertible securities in Chisos LLC. Chisos LLC builds software and employs people to manage the operations and inform investment decisions of underlying fund and SPV capital vehicles. Chisos LLC is not a fund and does not invest in underlying assets. All underlying CISA investments are made from the fund vehicles managed and overseen by Chisos LLC. Accredited investors interested in learning more about our funds can email ir@chisoscapital.io.Rather than investing in just one of our funds, investors in this Reg CF campaign will have ownership in the upside across all of our current and future funds (in addition to all upside related to our CISA Servicing software activities). The \"upside\" of a fund is known as carried interest or carry where the owners (or GPs) of a fund keep ~20% of the profits from a fund once investors get their initial capital back. Currently, Chisos LLC and it’s investors receive the carried interest from Chisos Capital funds. The diagram below shows how Chisos benefits from underlying asset management activities and CISA servicing software activities.Chisos Convertible Note - Upon investing in Chisos LLC, Wefunder investors receive a convertible note with 6% interest that matures in March 2023. The interest on the note will build the value owed to the investor over the two-year period. At maturity OR at the time of a bona fide equity investment, the convertible note holder will be issued Preferred Units in Chisos LLC at a valuation equal to the conversion cap OR at a 10% discount to the price of the equity investment. The Preferred Units have a 3x preferred distribution feature which gives Wefunder investors preference with distributions compared to the Chisos team. For example, Wefunder investors receive 100% of their distributions back before the Chisos common unitholders receive any distributions. This 3x preferred distribution feature accelerates the timing of distributions and increases the IRR for Wefunder investors.For more information, see our Investment Memo at the link below.","location":"Santa Monica, CA","website":"https://www.chisos.io/","total_amount_raised":513902,"total_investors":447,"is_funded":false,"is_active":false,"quality_score":3,"related_urls":["https://wefunder.com/chisos","https://www.chisos.io/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/79644/xxl_cropped_Chisos_-_Thumbnail__10_.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/79644/large_cropped_Chisos_Logomark_on_Blue.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/79644/standard_cropped_Chisos_-_Thumbnail__10_.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/79644/standard_cropped_Chisos_-_Thumbnail__10_.jpg","profile_video_url":"https://wefunder.wistia.com/medias/6ajof0krct"},"links":{"company_url":"https://www.chisos.io/","twitter_url":"http://twitter.com/ChisosCapital"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Addressing the $4T blindspot in startup financing by backing high-potential, overlooked founders."},{"index":2,"claim_id":"claim-fact-2","value":"Unlike banks, we evaluate founders based on future potential, not just assets \u0026amp; financial history."},{"index":3,"claim_id":"claim-fact-3","value":"Chisos’ Convertible Income Share Agreement uncaps equity upside for investors \u0026amp; flexibility for founders."},{"index":4,"claim_id":"claim-fact-4","value":"Wefunder investors receive 3X PREFERRED waterfall position for profit distributions."},{"index":5,"claim_id":"claim-fact-5","value":"Raised $550K pre-seed operating capital \u0026amp; $500K Fund I; currently raising $10mm Fund II."},{"index":6,"claim_id":"claim-fact-6","value":"Developed platform with proprietary underwriting algorithm; automated application \u0026amp; diligence process."},{"index":7,"claim_id":"claim-fact-7","value":"200% online application increase in 2021; 10 completed investments to date."},{"index":8,"claim_id":"claim-fact-8","value":"Proof: ~$20K ISA repayments; Returning ~10% of Invested Capital to Fund I LPs in 2021 (est.)."}],"team":[{"id":1478128,"entity_id":"wefunder:company_role:1478128","user_entity_id":"wefunder:user:1366121","role":"founder","name":"William Stringer","title":"Co-Founder \u0026 CEO","bio":"Leads investment strategy at Chisos w/ over 10 years of investing experience, including 4 years as Sr. investor at a $1B+ AUM family office driving and managing public and private opportunities, IB at Merrill Lynch. Angel \u0026amp; digital asset investor.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1478128/square_cropped_image34.jpg?1618515248","profile_url":"https://wefunder.com/williamstringer","linkedin_url":"https://www.linkedin.com/in/wdstringer/","twitter_url":"https://twitter.com/wdstringer","related_urls":["https://wefunder.com/williamstringer"]},{"id":1478184,"entity_id":"wefunder:company_role:1478184","user_entity_id":"wefunder:user:479982","role":"founder","name":"Stephen Grinalds","title":"Co-Founder \u0026 CTO","bio":"Heads Investment platform tech initiatives \u0026amp; infrastructure. Expert in distributed systems, awarded several patents, co-founded 3 early stage ventures, \u0026amp; advises the UN infotech research division. Former VP Engineering of Emergent Labs.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1478184/square_cropped_9EB1D300-6FE3-4BDD-8822-AC1E6A0BE4F9-DAE37B14-A214-4A77-920A-5A7D987F9771_bw_wf__1_.jpg?1618515256","profile_url":"https://wefunder.com/stephengrinalds2","linkedin_url":"https://www.linkedin.com/in/stephengrinalds/","related_urls":["https://wefunder.com/stephengrinalds2"]},{"id":1480053,"entity_id":"wefunder:company_role:1480053","role":"employee","name":"Ken Aseme","title":"CFO","bio":"Financial services professional \u0026amp; qualified accountant w/ vast experience working in senior finance roles, alternative investment management, fund finance, structured finance, \u0026amp; commercial/consumer banking strategy.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1480053/square_cropped_image33.jpg?1617632395","linkedin_url":"https://www.linkedin.com/in/ken-aseme-7057a413/","related_urls":[]},{"id":1478189,"entity_id":"wefunder:company_role:1478189","role":"employee","name":"Emmanuel de Boucaud","title":"Capital Finance \u0026 Strategy","bio":"Software and Venture Capital executive w/ 20 years of successful corporate \u0026amp; business development, fundraising, M\u0026amp;A, P\u0026amp;L experience, as well as operational Startup, board \u0026amp; advisory roles.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1478189/square_cropped_image32.jpg?1618515270","linkedin_url":"https://www.linkedin.com/in/edeboucaud/","related_urls":[]},{"id":1480057,"entity_id":"wefunder:company_role:1480057","role":"employee","name":"Claire Veuthey","title":"Ecosystem and Partnerships","bio":"ESG \u0026amp; Impact investing specialist leading business development, investment processes, fundraising efforts, \u0026amp; GTM strategy \u0026amp; execution.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1480057/square_cropped_image30.jpg?1618515277","linkedin_url":"https://www.linkedin.com/in/claireveuthey/","related_urls":[]},{"id":1480056,"entity_id":"wefunder:company_role:1480056","role":"employee","name":"Kinsey Sullivan Wolf","title":"CMO","bio":"Startup marketing strategist specializing in mission-driven companies. Former in-house FinTech marketing lead. BBA from UNC-Chapel Hill.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1480056/square_cropped_image36.jpg?1618515284","linkedin_url":"https://www.linkedin.com/in/kinseysullivan/","related_urls":[]}],"featured_investors":[{"id":5263,"entity_id":"wefunder:company_investor_profile:5263","investor_profile_id":935303,"investor_profile_entity_id":"wefunder:investor_profile:935303","subject_entity_id":"wefunder:user:1404832","name":"Emily Deere","bio":"Emily has a career in Information Technology that has spanned software development, product development, product marketing, strategic development, budgets and personnel management across a variety of organizations including document management, banking, higher education and financial industries.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1404832/medium_blob.jpg","profile_url":"https://wefunder.com/emilydeere","investment_total":10000,"investment_info":"Invested $10,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/emilydeere"]}],"investor_memos":[],"tab_counts":{"posts":39,"ask_questions":21,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":42802,"entity_id":"wefunder:fundraise:42802","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2021-05-11T00:39:57Z","funding_closed_at":"2021-10-16T05:03:16Z","auto_close_at":"2021-10-16T03:59:59Z"},{"id":42803,"entity_id":"wefunder:fundraise:42803","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"debt","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":1000000.0,"funding_started_at":"2021-04-08T23:56:46Z"}],"latest_fundraise":{"id":42802,"entity_id":"wefunder:fundraise:42802","state":"successful","offering_type":"4(a)(6)","structure":"convertible_note","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-05-11T00:39:57Z","funding_closed_at":"2021-10-16T05:03:16Z","terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[{"id":149607,"entity_id":"wefunder:feed_item:149607","type":"FeedItem::Update","visibility":"public","title":"This campaign closes FOREVER at 11PM ET tonight.","preview":"If you’ve been on the sidelines, what are you waiting for? Today is your very last chance to invest in Chisos.\u0026nbsp;This is a company that is:Solving the early stage funding problem for thousands of aspiring entrepreneurs from all walks of life.Replacing the dreaded “Friends and Family” round with a simple, accessible online funding process.Backing an incredible portfolio of founders while building a community of passionate startup experts.\u0026nbsp;Make an investment in Chisos today, and you’ll ...","published_at":"2021-10-15T16:50:58Z","author_name":"William Stringer","url":"/feed/149607","canonical_url":"https://wefunder.com/feed/149607"},{"id":149576,"entity_id":"wefunder:feed_item:149576","type":"FeedItem::Update","visibility":"public","title":"“Why I Invested in Chisos”","preview":"🌟“I like the company mission. [Small businesses are] the backbone of the country yet they struggle for support. I would like to be part of a company that helps people realize their dreams.’ - Franklin L., WeFunder Investor🌟“Excited to see people obtain financing to make their dreams a reality.” - Roy C., WeFunder Investor🌟“Love the idea of investing in a multitude of well researched startups with one entity.” - Bruce R., WeFunder InvestorHear from a few more of our investors in this short vid...","published_at":"2021-10-14T17:58:54Z","author_name":"William Stringer","url":"/feed/149576","canonical_url":"https://wefunder.com/feed/149576"},{"id":149549,"entity_id":"wefunder:feed_item:149549","type":"FeedItem::Update","visibility":"public","title":"Opportunity is Knocking, But Only for 3 More Days","preview":"This is it! With just three days left in our crowdfunding campaign, this is the last opportunity for both accredited and non-accredited investors to become owners in Chisos.We have proven that the Convertible Income Share Agreement works for idea stage founders \u0026 investors:Our portfolio of founders/companies has grown to 15!The portfolio companies are growing, executing, and raising more capitalWe have sent our first distribution of capital (ISA payments) back to our Fund I investorsFueled by...","published_at":"2021-10-13T17:48:13Z","author_name":"William Stringer","url":"/feed/149549","canonical_url":"https://wefunder.com/feed/149549"},{"id":149515,"entity_id":"wefunder:feed_item:149515","type":"FeedItem::Update","visibility":"public","title":"Announcing our Investment in Inclusology, an Automated Diversity, Equity, and Inclusion Software Solution","preview":"Wow! We’re so excited to welcome Cheryl Ingram, PhD and Founder of Inclusology, to the Chisos Portfolio.\u0026nbsp;With Inclusology, she’s building an automated diversity, equity, and inclusion software platform to help HR professionals build the world’s most inclusive workplaces.\u0026nbsp;The software uses machine learning, and it’s built on Cheryl’s decades of experience as a leader in HR and diversity, equity and inclusion. Cheryl and Inclusology have been featured in Forbes, GeekWire, and dot.la, ...","published_at":"2021-10-12T15:38:15Z","author_name":"William Stringer","url":"/feed/149515","canonical_url":"https://wefunder.com/feed/149515"},{"id":149478,"entity_id":"wefunder:feed_item:149478","type":"FeedItem::Update","visibility":"public","title":"5 DAYS - This is your last chance to be an investing insider","preview":"The startup funding world is undergoing massive disruption - and this is your chance to be part of it.\u0026nbsp;The formula is simple:\u0026nbsp;More people becoming entrepreneurs + limited startup funding options = a huge opportunity for companies like Chisos that provide alternative entrepreneur capitalAnd this is your last chance to get in on the ground floor. Opportunities like this don’t come around too often. With our unique investment approach, investors like you will be exposed to equity upsid...","published_at":"2021-10-11T15:53:19Z","author_name":"William Stringer","url":"/feed/149478","canonical_url":"https://wefunder.com/feed/149478"},{"id":149423,"entity_id":"wefunder:feed_item:149423","type":"FeedItem::Update","visibility":"public","title":"7 DAYS LEFT - We’re Thrilled to Welcome Chrissybil Boulin to the Chisos Founder Club","preview":"Please give a warm welcome to Chrissybil Boulin, Founder of Jump Start Tutoring! We’re so excited that she’s joined the Chisos portfolio.Jump Start Tutoring is an educational company that makes learning easy. Specializing in one-on-one learning, they are expanding their offering to include AI/ML adaptive learning ed-tech products. Based in Florida, they work with elementary, middle, and high school students around the country.Jump Start Tutoring’s unique approach highlights test prep, career ...","published_at":"2021-10-08T16:24:53Z","author_name":"William Stringer","url":"/feed/149423","canonical_url":"https://wefunder.com/feed/149423"},{"id":149388,"entity_id":"wefunder:feed_item:149388","type":"FeedItem::Update","visibility":"public","title":"8 DAYS LEFT and We're Achieving Real World Results: Re-Nuble Case Study","preview":"We’re all here because we believe that entrepreneurs deserve a better shot at success. And by all measures, Chisos portfolio company ReNuble is a success.\u0026nbsp;In this case study, you’ll hear from founder Tinia Pina about her startup journey, her experiences seeking funding, and where she’s taking her sustainable AgTech startup next.Download the case study here: https://www.chisos.io/resources/renuble-case-study","published_at":"2021-10-07T18:26:04Z","author_name":"William Stringer","url":"/feed/149388","canonical_url":"https://wefunder.com/feed/149388"},{"id":149340,"entity_id":"wefunder:feed_item:149340","type":"FeedItem::Update","visibility":"public","title":"This raise closes in 9 days! Don’t miss your chance to invest","preview":"The countdown starts now! Our crowdfunding raise closes in just 9 days, on October 15th.Every investment you make will have a direct, positive impact on leveling the playing field for founders from diverse backgrounds. Your investments bring us closer to developing the resources, tools, and community needed to support entrepreneurs from all walks of life.\u0026nbsp;In fact, since this campaign started, we’ve invested in five new founders - 80% of whom are women of color.Together, we’re working to ...","published_at":"2021-10-06T16:56:45Z","author_name":"William Stringer","url":"/feed/149340","canonical_url":"https://wefunder.com/feed/149340"},{"id":149245,"entity_id":"wefunder:feed_item:149245","type":"FeedItem::Update","visibility":"public","title":"Chisos is proud to be a sponsor of StartupStarter’s Equity Crowdfunding Week","preview":"Equity Crowdfunding Week, the premier event for equity crowdfunding investors and founders, kicks off Monday!Chisos Capital is proud to be a sponsor of this incredible event from StartupStarter. During this 5-day digital conference, you’ll hear from every major equity crowdfunding company in the world.Register here for free today: https://www.startupstarter.co/ecw\u0026nbsp;","published_at":"2021-10-03T12:55:32Z","author_name":"William Stringer","url":"/feed/149245","canonical_url":"https://wefunder.com/feed/149245"},{"id":148754,"entity_id":"wefunder:feed_item:148754","type":"FeedItem::Update","visibility":"public","title":"Get a sneak peek at our Limited-Edition NFT!","preview":"🥁🥁🥁 Drumroll please...here’s a sneak preview of our limited edition NFT! As a WeFunder campaign award, we’re minting a limited run of NFTs to reward some of early investors. This non-fungible token is one of the first-ever to be minted as part of a crowdfunded raise.\u0026nbsp;It’s still a work-in-progress. What do you think?As a reminder, all investors who commit $2,500 or more will receive one of the “Entrepreneur Capital” NFTs.\u0026nbsp;Here’s a quick summary of all the investor perks:$250+: Inclus...","published_at":"2021-09-28T19:49:51Z","author_name":"William Stringer","url":"/feed/148754","canonical_url":"https://wefunder.com/feed/148754"},{"id":148262,"entity_id":"wefunder:feed_item:148262","type":"FeedItem::Update","visibility":"public","title":"Announcing our Investment in Wynn’s Kitchen, a Line of Health-Focused Asian Condiments","preview":"We’re proud to announce that Wynn’s Kitchen founder Wynn Austin joined the Chisos portfolio.\u0026nbsp;Wynn’s mission is to share natural, healthy Asian food products with flavors inspired by the Vietnamese cuisines that she grew up eating. She believes that you don’t have to sacrifice flavor for quality.\u0026nbsp;Her flagship product, Wynn’s Sate Chili Sauce, is sugar-free and gluten-free, with a little bit of heat. You can buy it straight from Amazon today (link)!This investment will help Wynn scale...","published_at":"2021-09-01T16:58:02Z","author_name":"William Stringer","url":"/feed/148262","canonical_url":"https://wefunder.com/feed/148262"},{"id":148061,"entity_id":"wefunder:feed_item:148061","type":"FeedItem::Update","visibility":"public","title":"Announcing our Investment in Everlaunch, a Gamified Educational SaaS for Founders","preview":"We’re thrilled to announce the newest portfolio company: Everlaunch. Founded by seasoned entrepreneur Michelle Heng, Everlaunch is an educational hub that uses gamification and positive psychology to help aspiring entrepreneurs ideate, launch, and grow their businesses.This tool will help early stage founders avoid common pitfalls that can tank their startup, and provide a roadmap for growth.\u0026nbsp;With this investment, we’re proud to fuel a startup that helps other startups grow better.\u0026nbsp;...","published_at":"2021-08-26T16:54:54Z","author_name":"William Stringer","url":"/feed/148061","canonical_url":"https://wefunder.com/feed/148061"},{"id":147808,"entity_id":"wefunder:feed_item:147808","type":"FeedItem::Update","visibility":"public","title":"How to Invest in the Next Big Thing (Finimize x Chisos) - Webinar","preview":"We’re thrilled to announce that our recent webinar collaboration with Finimize, one of the leading financial media companies in the world, is now available to view!\u0026nbsp;Finimize interviewed Will Stringer about Chisos, crowdfunding, and why alternative capital options matter. More specifically, we covered:Why Chisos invests in early stage founders via our proprietary investment approach, the CISA.\u0026nbsp;How this approach offers de-risked downside and uncapped upside.Benefits of investing in Ch...","published_at":"2021-08-18T17:13:16Z","author_name":"William Stringer","url":"/feed/147808","canonical_url":"https://wefunder.com/feed/147808"},{"id":147591,"entity_id":"wefunder:feed_item:147591","type":"FeedItem::Update","visibility":"public","title":"Let’s Talk Startups! New podcast episode with Anthony Vaughn and Chisos CEO, Will Stringer.","preview":"This campaign continues to get noticed! Anthony Vaughn interviewed Chisos for the “The E1B2 Collective Podcast” to talk about startups.\u0026nbsp;The podcast is all about how companies can put their employees first. In it, we chatted about startup culture and tips for a healthy work community.\u0026nbsp;It was a great conversation, and we’re grateful for the chance to talk about something so important.Tune in here: https://anchor.fm/anthony-vaughan7/episodes/Lets-Talk-Startups-023-w-William-Stringer-e1...","published_at":"2021-08-11T16:57:24Z","author_name":"William Stringer","url":"/feed/147591","canonical_url":"https://wefunder.com/feed/147591"},{"id":147384,"entity_id":"wefunder:feed_item:147384","type":"FeedItem::Update","visibility":"public","title":"Join us for a webinar with Finimize “How to Invest in the Next Big Thing”","preview":"We’re so excited to announce an upcoming webinar in collaboration with Finimize, one of the leading financial media companies in the world.\u0026nbsp;We’re really excited for the chance to talk with the Finimize team about what Chisos is doing, and where we’re going!Register for the webinar, “How to Invest in the Next Big Thing,” here: https://www.eventbrite.co.uk/e/crowdfunding-club-tickets-162455726451\u0026nbsp;","published_at":"2021-08-04T19:41:26Z","author_name":"William Stringer","url":"/feed/147384","canonical_url":"https://wefunder.com/feed/147384"},{"id":147203,"entity_id":"wefunder:feed_item:147203","type":"FeedItem::Update","visibility":"public","title":"2021 Investor Updates","preview":"Thank you for supporting this campaign so far! We wanted to take a moment to share a few updates with you, our investors and community, about our growth so far:🥳 We landed our first paying SaaS customer!💸 The First Fund 1 distribution is officially complete!🎙️Technori featured our raise on their podcast (watch here) and so did ivyFON (watch here)👯 We welcomed two new startups to our portfolio! (More on this to come!)You can read Will's recap of the Chisos progress on LinkedIn here","published_at":"2021-07-29T19:08:15Z","author_name":"William Stringer","url":"/feed/147203","canonical_url":"https://wefunder.com/feed/147203"},{"id":147011,"entity_id":"wefunder:feed_item:147011","type":"FeedItem::Update","visibility":"public","title":"Chisos reaches $500K milestone!","preview":"Exciting news: today, Chisos broke the $500K threshold for our seed raise!\u0026nbsp;A group of smart, motivated, savvy investors - including you! - are making access to entrepreneurship possible.Thanks to all of your support, encouragement, and willingness to share this campaign, we’re a significant step closer to our vision.\u0026nbsp;This campaign has momentum on its side:We’ve been featured in Yahoo! Finance, Angels \u0026 Entrepreneurs, TechCrunch, and many more!Two new companies joined our portfolio: ...","published_at":"2021-07-23T00:39:41Z","author_name":"William Stringer","url":"/feed/147011","canonical_url":"https://wefunder.com/feed/147011"},{"id":146526,"entity_id":"wefunder:feed_item:146526","type":"FeedItem::Update","visibility":"public","title":"Technori’s Scott Kitun Interviews Chisos","preview":"We’re thrilled to share that Technori’s Scott Kitun recently interviewed Chisos CEO Will Stringer! They talked about how to support early stage entrepreneurs with capital and resources to get ideas off the ground and operational.\u0026nbsp;Tune in to hear Will and Scott talk strategy, how Chisos partners with entrepreneurs and makes its unique model run.\u0026nbsp;Check out the interview here: https://www.youtube.com/watch?v=4eTjYupxI3c\u0026nbsp;","published_at":"2021-07-07T17:56:20Z","author_name":"William Stringer","url":"/feed/146526","canonical_url":"https://wefunder.com/feed/146526"},{"id":146272,"entity_id":"wefunder:feed_item:146272","type":"FeedItem::Update","visibility":"public","title":"Chisos Invests in Fox \u0026amp; Robin, the first and only activewear brand to disclose factory workers’ wages!","preview":"We’re thrilled to announce a new addition to the Chisos portfolio, Fox \u0026 Robin, a new activewear brand committed to ethical production and environmental sustainability.\u0026nbsp;Founded by Tommy Flaim (veteran of Citi, Jet, and Viacomm), Fox \u0026 Robin is the first and only activewear brand to disclose their factory workers’ wages! They’re a slow fashion brand that produces high-quality, timeless garments using only approved and/or audited partner factories.In addition to an ESG focus, Fox \u0026 Robin i...","published_at":"2021-06-28T17:27:37Z","author_name":"William Stringer","url":"/feed/146272","canonical_url":"https://wefunder.com/feed/146272"},{"id":146126,"entity_id":"wefunder:feed_item:146126","type":"FeedItem::Update","visibility":"public","title":"How Thousands of People learned about Chisos in June!","preview":"Wow! Did you know that thousands\u0026nbsp;more people learned about Chisos in June, due to a boatload of new media coverage? Here are just a few of the most popular pieces:\u0026nbsp;Diversified Game: Host Kellen Coleman sat down with Chisos CEO \u0026 Co-Founder Will Stringer to talk access to capital and diversity in entrepreneurship.LABJ Features Will Stringer in “20 in their 20s” Roundup: The Los Angeles Business Journal featured Will Stringer as one of LA’s top 20 in their 20s!Yahoo! Finance Published...","published_at":"2021-06-23T13:10:37Z","author_name":"William Stringer","url":"/feed/146126","canonical_url":"https://wefunder.com/feed/146126"},{"id":145973,"entity_id":"wefunder:feed_item:145973","type":"FeedItem::Update","visibility":"public","title":"Executive Leader Samira Salman Shares Why She Became a Chisos Advisor","preview":"When you invest in a company, you’re investing in the idea and the team bringing it to life.\u0026nbsp;In that spirit, we wanted to pull back the curtain and introduce you to a few of our team members and advisors. Meet Samira Salman, former M\u0026A lawyer turned entrepreneur and business leader, an essential advisor for Chisos.As the founder of Salman Solutions, Samira provides consulting, coaching, training and speaking engagements to businesses around the world. She brings deep business strategy ex...","published_at":"2021-06-16T16:45:41Z","author_name":"William Stringer","url":"/feed/145973","canonical_url":"https://wefunder.com/feed/145973"},{"id":145779,"entity_id":"wefunder:feed_item:145779","type":"FeedItem::Update","visibility":"public","title":"Chisos Presents on PitchForce!","preview":"Hi everyone!I know this is a bit last minute, but Chisos will be pitching to a panel of judges on PitchForce this afternoon! If you'd like to watch you can follow the link below to register.https://www.eventbrite.com/e/virtual-seed-round-pitchforce-tickets-142995831381","published_at":"2021-06-10T18:57:33Z","author_name":"William Stringer","url":"/feed/145779","canonical_url":"https://wefunder.com/feed/145779"},{"id":145745,"entity_id":"wefunder:feed_item:145745","type":"FeedItem::Update","visibility":"public","title":"Meet Kyiana Williams, founder of Chisos portfolio company Entertwine","preview":"Today, we’re releasing the first interview with one of our portfolio company founder, Kyiana Williams. Her company, Entertwine, connects artists with industry leaders and gig opportunities.\u0026nbsp;“It felt like, for the first time, after meeting a hundred investors, these two gentleman actually wanted to give me, a black woman, capital to make the dream come true,” Kyiana shared.In just a few months, she’s created:A waitlist and newsletter for professionals in the performing arts to connect wit...","published_at":"2021-06-09T20:43:20Z","author_name":"William Stringer","url":"/feed/145745","canonical_url":"https://wefunder.com/feed/145745"},{"id":145592,"entity_id":"wefunder:feed_item:145592","type":"FeedItem::Update","visibility":"public","title":"Portfolio Company KnowCap Expands to Detroit, Michigan","preview":"We’re proud to share a big achievement from one of our portfolio companies: KnowCap, led by founder Stephen Alred.KnowCap is a hybrid accelerator and angel investor program that helps startups grow quickly via their proprietary programs. “KnowCap’s mission is to create new models that allow overlooked, ambitious founders to succeed,” shared Alred. “After speaking with so many ESOs and researching the funding metrics of the Michigan ecosystem, we knew it would be a perfect place for us to inve...","published_at":"2021-06-03T23:36:30Z","author_name":"William Stringer","url":"/feed/145592","canonical_url":"https://wefunder.com/feed/145592"},{"id":145324,"entity_id":"wefunder:feed_item:145324","type":"FeedItem::Update","visibility":"public","title":"Chisos partners with remote startup accelerator Newchip","preview":"We’re excited to announce a partnership with NewChip, one of the leading remote accelerator programs globally.\u0026nbsp;Newchip and Chisos are partnering on sourcing, as well as on providing founders with access to great resources!With this partnership, we’re aligning Chisos with other leaders in the startup ecosystem who are committed to helping founders build successfully. This is another avenue we can leverage to find and support great founders!Thanks to the team at NewChip! We’re excited to c...","published_at":"2021-06-01T23:55:36Z","author_name":"William Stringer","url":"/feed/145324","canonical_url":"https://wefunder.com/feed/145324"}],"q_and_a":[{"id":160950,"entity_id":"wefunder:comment:160950","question":"Congrats on getting your first paying SaaS customer! It looks like you are hoping to have that be the primary revenue in the future-what is your expected customer acquisition cost for SaaS customers? How will you succeed in so many different markets for your SaaS product over the next few years? It is a hyper-competitive space! Also, with raising 10m for your second fund, do you think you will have challenges finding the right 15-50k opportunities to invest in? (200-500 required for 10m)","author_name":"Kevin Davidson","votes":4,"created_at":"2021-08-02T03:01:36Z","canonical_url":"https://wefunder.com/chisos#question-160950","answers":[{"id":161325,"entity_id":"wefunder:comment:161325","answer":"Hi Kevin - It is too early to determine our SaaS CaC. We've put zero marketing or BD resources behind the SaaS platform to date as we are currently focused on building out the entrepreneur pipeline of potential investment opportunities. This entrepreneur pipeline effort speaks to your last question: We've been busy building sourcing partnerships with accelerators/incubators/venture labs and other entities that work with entrepreneurs to ensure that we have a strong pipeline of entrepreneur applicants in order to deploy $10mm with 250 entrepreneurs ($40k avg. check size). In addition to partnerships we've been building our social media and press footprint to increase our inbound applicants. To your second question around competition and multiple markets - Our initial customer focus is on university and municipality related entities. These market players are all looking for ways to support entrepreneurship and boost innovation within their respective ecosystems. We don't see many good solutions to this problem today. Even the Federal government has approved large dollar amounts through the SSBCI program to support entrepreneurs. This is a very large opportunity not only in the U.S. but also globally. Our goal is to provide the investment platform solution that enables these entities to fund entrepreneurs using our flexible CISA terms.","author_name":"William Stringer","votes":2,"created_at":"2021-08-03T20:46:22Z"}]},{"id":141701,"entity_id":"wefunder:comment:141701","question":"(1) I'm not sure it's explicitly stated, but are investors making an investment in Chisos LLC (the parent company) or one of the Chisos funds? (2) Can you provide a link to your Form C and financials? (3) Is the $15K mentioned in your pitch the entire amount of revenues earned thus far? (4) What are projected revenues for 2021? (5) What's the rate on the convertible note? (6) What's the exit strategy?","author_name":"Kevin Hardman","votes":3,"created_at":"2021-04-14T03:08:28Z","canonical_url":"https://wefunder.com/chisos#question-141701","answers":[{"id":142299,"entity_id":"wefunder:comment:142299","answer":"Hi Kevin - Thanks for the questions. We hope to have our site fully updated by the end of this week. Many of your questions will be answered with information included in that update. To answer your questions though - (1) WeFunder investors are investing in Chisos LLC, the parent company that manages underlying funds. Investors are NOT investing in a fund. (2) That information will be available on the campaign page soon. (3) The $15k (now $18k) is total ISA payments received by Fund I. The initial revenue streams to Chisos LLC are from management fees based on the underlying funds AUM. (4) Projected revenues for 2021 are $120,000 from fund management fees. (5) Convertible note interest rate is 6%. (6) Investors may see returns from distributions of Chisos LLC profit over time and/or a sale of the CISA fintech platform at a future date.","author_name":"William Stringer","votes":1,"created_at":"2021-04-15T18:03:20Z"}]},{"id":156156,"entity_id":"wefunder:comment:156156","question":"Since the Form C hasn’t yet been posted, can you clarify the convertible note terms? Read it’s 6% interest and converts to preferred shares in the comments below, but what is the maturity date?","author_name":"Michael Boyer","votes":2,"created_at":"2021-07-04T01:15:46Z","canonical_url":"https://wefunder.com/chisos#question-156156","answers":[{"id":156673,"entity_id":"wefunder:comment:156673","answer":"Hi Michael - Form C is located here (https://www.sec.gov/Archives/edgar/data/1857408/000167025421000650/0001670254-21-000650-index.htm) \u0026amp; much of the Form C info can be found on the details page here (https://wefunder.com/chisos/details) The maturity date of the note is March 2023","author_name":"William Stringer","votes":0,"created_at":"2021-07-07T16:50:38Z"}]},{"id":147570,"entity_id":"wefunder:comment:147570","question":"HI Can you clarify the specifics of the revenue streams and the pricing? Looks like you plan on making money on Asset Management Fees and Equity sales? Interest from ISA? Looking for specific numbers.","author_name":"Eman Zadeh","votes":2,"created_at":"2021-05-06T17:13:31Z","canonical_url":"https://wefunder.com/chisos#question-147570","answers":[{"id":147803,"entity_id":"wefunder:comment:147803","answer":"Hi Eman - For the asset management activities we earn revenue in two way: 1) AUM/AUA (Assets Under Management/Advisory) based fees and 2) Profit share (carried interest). As a simple example: On a $25 million fund that returns 2.5x, Chisos would receive $500,000 per year in management fees (2%) and $7.5 million in carried interest (20%) over the life of the fund. For the SaaS platform we earn revenue based on usage (# of investments) of the platform. We have two different pricing mechanism: 1) ~$12-15/month/investment on the platform and 2) 5-8% of CISA profits collected.","author_name":"William Stringer","votes":3,"created_at":"2021-05-07T22:24:12Z"}]},{"id":172013,"entity_id":"wefunder:comment:172013","question":"The investment model is intriguing. However, I have a few questions regarding the model and the investment. 1. The ISAs are dependent on the earnings of the founder which is an optimal scenario is from the investee business. You're expecting 6-18 months of no payments on the ISAs. Isn't that a proxy for the businessés revenue itself? This seems like adding a layer of abstraction. 2. If you're mitigating the above risk with the founder's existing income source e.g. other employment income, wouldn't that represent a misalignment of interest between the SAFE and the ISA? You would want the founder to be full-time committed to growing the business to profit from the SAFE while your ISA would prefer steady income cashflows for profit which may favour having the founder continue being in their job or at least devoting substantial time to their job. 3. Is the ISA and SAFE decoupled? The Repayment Cap on the ISA is tiered dependent on a Qualified Financing. It sounds like the business has to be a party to the ISA. 4. I assume the preferred distribution (which converts on equity fundraise) might potentially change or be subordinate if the investors in the Chisos equity fundraise decide to impose a senior liquidation preference or senior preferred distribution?","author_name":"Kumara Velan Suppiah","votes":1,"created_at":"2021-10-01T04:56:01Z","canonical_url":"https://wefunder.com/chisos#question-172013","answers":[{"id":172353,"entity_id":"wefunder:comment:172353","answer":"Hi Kumara - Good questions. 1) We think there are a number of scenarios that will play in to the ISA payments. A founder may have a full-time job while starting a business on the side. A founder may be working on their startup full-time, but consulting on the side. A founder may decide the pay themselves from the business once revenues or additional financings support a salary. This is why we've designed the CISA...to provide capital to founder's in a flexible manner that will also attract investor capital in order to scale. 2) From our standpoint as an investor, we are investing in a founder's future success. As an investor in a CISA, there are 2 ways to earn a return on the investment capital - One is from the founder's income stream via the ISA and the other is through equity in their business. We think that if the founder is not making income, presumably they are growing their business, which benefits Chisos as an equity holder. If their business is growing slow or winding down then we assume the founder will find a way to earn income, which benefits Chisos as an ISA holder. Either way, Chisos will work with the founder to help them succeed because we are invested in their personal success. 3) The ISA and the SAFE are substantially decoupled. However, they do interact in two ways to the founder's benefit. If the business raises a Qualified Financing round, then the ISA repayment cap is reduced. Secondly, every ISA payment that is made will reduce the amount of equity owed to Chisos (equity clawback feature). 4) Our Operating Agreement prevents the issuance of senior units without the majority approval of Preferred Unit holders","author_name":"William Stringer","votes":1,"created_at":"2021-10-03T12:52:22Z"}]},{"id":164098,"entity_id":"wefunder:comment:164098","question":"Hi Guys, impressive funding engineering and revenue paths, congrats! Regarding the convertible note 6% interest, let's say someone \"Wefunds\" $10000 on March 2021, on March 2023 it would add up to $11200 roughly. Upon preferred units conversion of those $11200, against what valuation cap would that conversion be? $15M as announced in Wefunder? Or is the $15M valuation just for today and who knows what share of cap would $11200 be at that time?","author_name":"Fabrizio Luongo","votes":1,"created_at":"2021-08-17T20:06:40Z","canonical_url":"https://wefunder.com/chisos#question-164098","answers":[{"id":164301,"entity_id":"wefunder:comment:164301","answer":"Hi Fabrizio - Yes, the $15M ($12.5M for early bird investors) would be the valuation at note maturity. However, if a later round investor invests at a lower valuation and causes the notes to convert before maturity, then the note holders would also benefit from that lower valuation (plus an additional 10% discount). Likewise, if an investor invests at a higher valuation than $15M and causes the notes to convert before maturity, then the note holders would still convert at the $15M valuation cap.","author_name":"William Stringer","votes":1,"created_at":"2021-08-18T17:03:19Z"}]},{"id":329585,"entity_id":"wefunder:comment:329585","question":"last year I got a K-1, how would I get one this year","author_name":"Michael Thomas Carey","votes":0,"created_at":"2026-03-31T22:59:55Z","canonical_url":"https://wefunder.com/chisos#question-329585","answers":[{"id":329587,"entity_id":"wefunder:comment:329587","answer":"Hi Michael, We paid off the Convertible note in 2024. You will not receive any tax documents from Chisos for 2025. Thanks, Will","author_name":"William Stringer","votes":0,"created_at":"2026-03-31T23:08:09Z"}]},{"id":223371,"entity_id":"wefunder:comment:223371","question":"When will we be seeing more updates ?","author_name":"Fernando Lazo","votes":0,"created_at":"2022-10-22T19:47:00Z","canonical_url":"https://wefunder.com/chisos#question-223371","answers":[{"id":223406,"entity_id":"wefunder:comment:223406","answer":"Hi Fernando - We send out a monthly email update at the first of every month. You should be receiving it through the email you used to make the investment through WeFunder. Please let me know if you are not receiving the update emails.","author_name":"William Stringer","votes":0,"created_at":"2022-10-23T15:30:02Z"}]},{"id":173631,"entity_id":"wefunder:comment:173631","question":"Hello, If I invest today would I still qualify for the Early Bird terms. or I'm I to late for those terms?","author_name":"Fernando Lazo","votes":0,"created_at":"2021-10-11T16:56:45Z","canonical_url":"https://wefunder.com/chisos#question-173631","answers":[{"id":173781,"entity_id":"wefunder:comment:173781","answer":"Hi Fernando - Unfortunately the Early Bird terms are no longer available.","author_name":"William Stringer","votes":0,"created_at":"2021-10-12T15:31:35Z"}]},{"id":172190,"entity_id":"wefunder:comment:172190","question":"How the 3 Tires work, if I invest $100 here in which tire I will be added?","author_name":"Prathap Karumanchi","votes":0,"created_at":"2021-10-02T15:28:40Z","canonical_url":"https://wefunder.com/chisos#question-172190","answers":[{"id":172354,"entity_id":"wefunder:comment:172354","answer":"Hi Prathap - Investors receive the benefit of all tiers of distribution","author_name":"William Stringer","votes":1,"created_at":"2021-10-03T12:53:05Z"}]},{"id":171935,"entity_id":"wefunder:comment:171935","question":"Investment page shows 'card is declined' whom to contact in this case.","author_name":"Prathap Karumanchi","votes":0,"created_at":"2021-09-30T19:54:17Z","canonical_url":"https://wefunder.com/chisos#question-171935","answers":[{"id":172351,"entity_id":"wefunder:comment:172351","answer":"Hi Prathap - Send us an email at hello@chisos.io and we can get you in touch with the right people.","author_name":"William Stringer","votes":1,"created_at":"2021-10-03T12:33:07Z"}]},{"id":171836,"entity_id":"wefunder:comment:171836","question":"What type of securities offered in this investment round - Reg A, B, or C. And after maturity in 2023 we will receive interests and equity shares?","author_name":"Prathap Karumanchi","votes":0,"created_at":"2021-09-30T07:42:54Z","canonical_url":"https://wefunder.com/chisos#question-171836","answers":[{"id":172350,"entity_id":"wefunder:comment:172350","answer":"Hi Prathap - We are offering a convertible note through a Reg CF offering. After maturity the notes will convert to preferred units (equity) in the company.","author_name":"William Stringer","votes":1,"created_at":"2021-10-03T12:32:18Z"}]},{"id":171007,"entity_id":"wefunder:comment:171007","question":"Would chisos eliminate the need for angel investing","author_name":"Paul Schad","votes":0,"created_at":"2021-09-24T00:18:33Z","canonical_url":"https://wefunder.com/chisos#question-171007","answers":[{"id":172349,"entity_id":"wefunder:comment:172349","answer":"Hi Paul - We believe angel investing will still have its place in the startup funding landscape. We see Chisos as either an investment option before angel investors come in, or alongside angel investors.","author_name":"William Stringer","votes":0,"created_at":"2021-10-03T12:31:12Z"}]},{"id":163235,"entity_id":"wefunder:comment:163235","question":"What is your exit plan??","author_name":"Simpson Brown","votes":0,"created_at":"2021-08-12T19:28:33Z","canonical_url":"https://wefunder.com/chisos#question-163235","answers":[{"id":163839,"entity_id":"wefunder:comment:163839","answer":"Hi Simpson - Our exit plan is twofold: 1) For our asset management business, we plan to continue raising and deploying capital into high quality investment opportunities. If we've done our job correctly, those investments will yield profits through fees and carry. We plan to distribute those profits as they are available. If an offer were to be made to acquire the asset management business, we would consider that liquidity path as well. 2) For our 3rd party software platform we plan to continue growing ARR in order to seek an exit for that business line in 3-5 years.","author_name":"William Stringer","votes":1,"created_at":"2021-08-17T00:48:07Z"}]},{"id":148718,"entity_id":"wefunder:comment:148718","question":"Total investments on the Wefunder page shows $407,372 with $68,605 early bird terms left but the early bird terms state that only the first $350,000 qualifies. Which is it?","author_name":"Frank Stoczko","votes":0,"created_at":"2021-05-13T18:04:32Z","canonical_url":"https://wefunder.com/chisos#question-148718","answers":[{"id":148728,"entity_id":"wefunder:comment:148728","answer":"Hi Frank - The ~$407k number is inclusive of investor reservations (indications of investment that have not yet been funded). The first $350,000 that completes and funds their investment receive the benefit of the early bird terms.","author_name":"William Stringer","votes":1,"created_at":"2021-05-13T18:53:51Z"}]},{"id":148650,"entity_id":"wefunder:comment:148650","question":"1. Are you planning to provide access to capital for founders located outside US? 2. How did you come up with 12.5m valuation? 3. What is Chisos LLC current ownership structure","author_name":"T Omar","votes":0,"created_at":"2021-05-13T06:51:11Z","canonical_url":"https://wefunder.com/chisos#question-148650","answers":[{"id":148735,"entity_id":"wefunder:comment:148735","answer":"Hi T Omar - 1) Yes, we are in early stages of exploring how best to invest in founders outside the US. Our first steps are understanding the legal landscape of those non-US geographies. We've had conversations with investors in multiple non-US geographies that have expressed the need for an instrument like the CISA. 2) Valuation at the early stage is always more art than science. However, we did review comparable examples of Backstage Capital ($50mm valuation) and Earnest Capital ($20mm valuation) before deciding on our valuation cap. Our pre-seed round was raised at a $10mm valuation cap, and we've made quite a bit of progress since then. 3) Chisos LLC has 2 classes of units outstanding. The founders own 100% of common units and employees and advisors own incentive units. (You can verify this information in our Form C). WeFunder investors are investing in a Convertible Note that will convert into Preferred Units of Chisos LLC at maturity. Those preferred units have accelerated distribution rights. (You can verify this information in our Form C).","author_name":"William Stringer","votes":0,"created_at":"2021-05-13T19:10:03Z"}]},{"id":147048,"entity_id":"wefunder:comment:147048","question":"How much runway will this round carry? When do you expect breakeven?","author_name":"Justin Entrekin","votes":0,"created_at":"2021-05-04T02:52:03Z","canonical_url":"https://wefunder.com/chisos#question-147048","answers":[{"id":147441,"entity_id":"wefunder:comment:147441","answer":"At our fundraising goal of $1 million, we expect 18-24 months of runway. Additional AUM or accelerated platform licensing contracts could extend that runway. We expect breakeven in the same 18-24 month timeframe.","author_name":"William Stringer","votes":1,"created_at":"2021-05-06T00:01:57Z"}]},{"id":143526,"entity_id":"wefunder:comment:143526","question":"Is the note convertible into common or preferred units of Chisos LLC?","author_name":"Lucas Selvidge","votes":0,"created_at":"2021-04-20T23:06:13Z","canonical_url":"https://wefunder.com/chisos#question-143526","answers":[{"id":143627,"entity_id":"wefunder:comment:143627","answer":"The note is set to convert into preferred units in Chisos LLC. These preferred units benefit from the accelerated (3X) distribution waterfall.","author_name":"William Stringer","votes":1,"created_at":"2021-04-21T15:20:40Z"}]},{"id":142923,"entity_id":"wefunder:comment:142923","question":"Hi, is this offering for a convertible note, or is this a priced round for LLC membership units? Also, what kind of income will unit holders be allocated, i.e. ordinary business income, carried interest capital gains, dividends, etc? Thanks!","author_name":"Lucas Selvidge","votes":0,"created_at":"2021-04-18T18:28:41Z","canonical_url":"https://wefunder.com/chisos#question-142923","answers":[{"id":143308,"entity_id":"wefunder:comment:143308","answer":"Hi Lucas - This offering is for a convertible note with a valuation cap of $15M ($12.5M for early-bird investors). Unfortunately, we are unable to give any type of tax guidance.","author_name":"William Stringer","votes":1,"created_at":"2021-04-20T01:16:41Z"}]},{"id":142440,"entity_id":"wefunder:comment:142440","question":"Hi! How do you know there's a good opportunity for your fintech platform (CISA-based investment underwriting and servicing software)? Have you already had interest from any organization? How big do you think this opportunity will be? Thanks!","author_name":"Miguel Angel Goiriz Criado","votes":0,"created_at":"2021-04-16T08:02:28Z","canonical_url":"https://wefunder.com/chisos#question-142440","answers":[{"id":142614,"entity_id":"wefunder:comment:142614","answer":"Right now we are focused on building the infrastructure and raising early investment capital. Whilst we have had a number of very encouraging conversations on the broader fintech platform, they are early stage and exploratory in nature. These include preliminary conversations with university and university affiliated investor organizations and potential advisors that come from the edtech and online education space. These conversations have focused on ways to structure a fund, or an offering that would enable the institution to create pools of investment capital that would benefit their student or recent grad entrepreneurs. In the context of regional innovation, we are exploring government related partnerships as cities look to attract entrepreneurial talent. Lastly, we’ve started conversations with partners outside the U.S. that are interested in bringing the CISA model to their country. As you can see in our projections, the Licensing/SaaS revenue does not kick in until 2023. (These forward-looking statements cannot be guaranteed). We think the size of the opportunity is rather large given that less than 1% of companies receive “VC” funding, and global seed \u0026amp; angel investment was ~$13.6Bn in 2020 (https://news.crunchbase.com/news/global-2020-funding-and-exit/). We also see the opportunity set growing as the cost of starting a business comes down and younger generations increasingly pursue entrepreneurship.","author_name":"William Stringer","votes":0,"created_at":"2021-04-17T02:32:00Z"}]},{"id":142439,"entity_id":"wefunder:comment:142439","question":"Hello. Would you say that getting money from accredited investors for your funds is your main risk? If so, how will you mitigate this risk? Thanks!","author_name":"Miguel Angel Goiriz Criado","votes":0,"created_at":"2021-04-16T07:59:53Z","canonical_url":"https://wefunder.com/chisos#question-142439","answers":[{"id":142611,"entity_id":"wefunder:comment:142611","answer":"Hi - I would reframe the risk as attracting capital to our CISA investing model in general. As an asset manager, our goal is to raise capital that we then deploy into early-stage opportunities. That capital can be debt-based, equity-based or a hybrid of both. The structure of those capital vehicles can range from standard blind pool 2%/20% funds to geographic or industry focused SPVs. As \"Alt-VC\" or \"flexible-VC\" solutions continue to grow, we plan to monetize our CISA asset management software platform. Our goal is to enable other investors (groups, entities, foundations etc.) to utilize CISA terms to provide capital to early-stage founders. We’ve built the necessary infrastructure in-house and can efficiently provide those 3rd party investors the tools they need to source, underwrite and service their CISA investments.","author_name":"William Stringer","votes":0,"created_at":"2021-04-17T02:20:33Z"}]}],"faq":[{"question":"(1) I'm not sure it's explicitly stated, but are investors making an investment in Chisos LLC (the parent company) or one of the Chisos funds? (2) Can you provide a link to your Form C and financials? (3) Is the $15K mentioned in your pitch the entire amount of revenues earned...","answer":"Hi Kevin - Thanks for the questions. We hope to have our site fully updated by the end of this week. Many of your questions will be answered with information included in that update. To answer your questions though - (1) WeFunder investors are investing in Chisos LLC, the parent company that manages underlying funds. Investors are NOT investing in a fund. (2) That information will be available on the campaign page soon. (3) The $15k (now $18k) is total ISA payments received by Fund I. The ini..."},{"question":"Hello. Would you say that getting money from accredited investors for your funds is your main risk? If so, how will you mitigate this risk? Thanks!","answer":"Hi - I would reframe the risk as attracting capital to our CISA investing model in general. As an asset manager, our goal is to raise capital that we then deploy into early-stage opportunities. That capital can be debt-based, equity-based or a hybrid of both. The structure of those capital vehicles can range from standard blind pool 2%/20% funds to geographic or industry focused SPVs. As \"Alt-VC\" or \"flexible-VC\" solutions continue to grow, we plan to monetize our CISA asset management softwa..."},{"question":"Hi! How do you know there's a good opportunity for your fintech platform (CISA-based investment underwriting and servicing software)? Have you already had interest from any organization? How big do you think this opportunity will be? Thanks!","answer":"Right now we are focused on building the infrastructure and raising early investment capital. Whilst we have had a number of very encouraging conversations on the broader fintech platform, they are early stage and exploratory in nature. These include preliminary conversations with university and university affiliated investor organizations and potential advisors that come from the edtech and online education space. These conversations have focused on ways to structure a fund, or an offering t..."},{"question":"Hi, is this offering for a convertible note, or is this a priced round for LLC membership units? Also, what kind of income will unit holders be allocated, i.e. ordinary business income, carried interest capital gains, dividends, etc? Thanks!","answer":"Hi Lucas - This offering is for a convertible note with a valuation cap of $15M ($12.5M for early-bird investors). Unfortunately, we are unable to give any type of tax guidance."},{"question":"Is the note convertible into common or preferred units of Chisos LLC?","answer":"The note is set to convert into preferred units in Chisos LLC. These preferred units benefit from the accelerated (3X) distribution waterfall."}]}}}