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Final Day to Invest in Tribevest","preview":"Today is the final day to invest in Tribevest. Thank you everyone who has invested in Tribevest. This our last push to encourage those on the fence to make the leap and join us on this journey to make group investing easy, safe, and transparent for everyone.Travis founded Tribevest out of a need. His brothers and him struggled to form and operate an investor group. They almost didn’t make it.\u0026nbsp;He took his learnings and started Tribevest.\u0026nbsp;Tribevest makes it easy, safe and transparent ...","published_at":"2022-09-30T13:53:07Z","author_name":"Brittany Barchalk","url":"/feed/158516","canonical_url":"https://wefunder.com/feed/158516"},{"id":158479,"entity_id":"wefunder:feed_item:158479","type":"FeedItem::Update","visibility":"public","title":"Q\u0026amp;A with Founder and CEO, Travis Smith","preview":"🚨\u0026nbsp; 1 day left\u0026nbsp;🚨 to\u0026nbsp;invest in Tribevest\u0026nbsp;on Wefunder! KingsCrowd, an independent ratings and analytics provider for the online private markets, recently did a Q\u0026A interview with Travis Smith, Founder and CEO of Tribevest. It may answer any lingering questions you have about in joining us on this journey.\u0026nbsp;Through investment clubs, individual investors can pool funds and grow wealth as a group. Group activities can get complicated, though — especially with money involved....","published_at":"2022-09-29T15:06:49Z","author_name":"Brittany Barchalk","url":"/feed/158479","canonical_url":"https://wefunder.com/feed/158479"},{"id":158431,"entity_id":"wefunder:feed_item:158431","type":"FeedItem::Update","visibility":"public","title":"3 Reasons to Invest in Tribevest Right Now","preview":"\u0026nbsp;🚨\u0026nbsp;There are only 3 days left to invest!\u0026nbsp;🚨\u0026nbsp;So we're giving you 3 reasons why you should.1.\u0026nbsp;Tribevest has solved a major problem in the investing world. We have figured out a way to make it easy, safe, and transparent to invest as a group.\u0026nbsp;Before Tribevest, it would cost thousands of dollars and hundreds of hours to invest with others.\u0026nbsp;\u0026nbsp;2.\u0026nbsp;We are already backed by VCs like Mucker Capital\u0026nbsp;and execs from Zillow, Dropbox and CheckFree.\u0026nbsp;\u0026nbsp;...","published_at":"2022-09-27T21:21:16Z","author_name":"Brittany Barchalk","url":"/feed/158431","canonical_url":"https://wefunder.com/feed/158431"},{"id":158358,"entity_id":"wefunder:feed_item:158358","type":"FeedItem::Update","visibility":"public","title":"Closing in 4 Days + Revenue Update 🚀","preview":"We're down to the last week of our Wefunder campaign. There are only 4 more days to invest in Tribevest. We are excited to announce that Tribevest had another all time high revenue month in August! And we are on track for 5x revenue from 2021.Now is the time to invest or increase your investment in our fast growing startup before Friday's deadline! 🚀","published_at":"2022-09-26T19:34:26Z","author_name":"Brittany Barchalk","url":"/feed/158358","canonical_url":"https://wefunder.com/feed/158358"},{"id":158332,"entity_id":"wefunder:feed_item:158332","type":"FeedItem::Update","visibility":"public","title":"🚨 Closing in 8 Days! 🚨","preview":"The countdown is on. We are closing our community round in 8 days. Thank you to the 333 investors who believe in our mission of making group investing accessible for all. Today, we are highlighting why Jing chose to invest in Tribevest. 1. She really believes in the power of group investing. It's like a team sport. You bring people together from your community with a common goal and are able to grow together. 2. She can really relate to Travis' (Tribevest's Founder \u0026 CEO) origin story and how...","published_at":"2022-09-22T19:03:37Z","author_name":"Brittany Barchalk","url":"/feed/158332","canonical_url":"https://wefunder.com/feed/158332"},{"id":158302,"entity_id":"wefunder:feed_item:158302","type":"FeedItem::Update","visibility":"public","title":"The Power of Investing as a Family","preview":"What an inspiration!Jing is building a\u0026nbsp;legacy\u0026nbsp;for her family through Tribevest.She leans on our friends at\u0026nbsp;Left Field Investors\u0026nbsp;to invest in\u0026nbsp;passive\u0026nbsp;real estate\u0026nbsp;deals. Now, her sons are in the\u0026nbsp;group investing\u0026nbsp;game thanks to a gift from her parents.Watch Jing's full story below.","published_at":"2022-09-21T16:55:25Z","author_name":"Brittany Barchalk","url":"/feed/158302","canonical_url":"https://wefunder.com/feed/158302"},{"id":158199,"entity_id":"wefunder:feed_item:158199","type":"FeedItem::Update","visibility":"public","title":"Tribevest @ Learn \u0026amp; Grow Summit","preview":"Investing on your own is one thing, but leveling-up with the power of community and taking action as a Tribe can accelerate your wealth building journey.We're excited to announce that Travis Smith, CEO \u0026 Founder of Tribevest, will be delivering a keynote on the\u0026nbsp;Power of Community\u0026nbsp;with Jim Pfeifer, Founder of Left Field Investors.\u0026nbsp;The keynote is at the\u0026nbsp;Accountable Equity Learn \u0026 Grow Summit at Renault Winery in Egg Harbor City, New Jersey, September 29-30. The event is a gr...","published_at":"2022-09-15T20:22:07Z","author_name":"Brittany Barchalk","url":"/feed/158199","canonical_url":"https://wefunder.com/feed/158199"},{"id":158142,"entity_id":"wefunder:feed_item:158142","type":"FeedItem::Update","visibility":"public","title":"Running an Investment Empire from an RV","preview":"Tribevest Chief Storyteller, Julian McClurkin, sits down with Chad Corbett, Founder of Magnum Opus Project, LLC and Creator of Probate Mastery. Chad founded his companies with three goals in mind:1- Always help others more than yourself2- Always net $100k+ so you can live and give the way you want to3- Always be able to run it from a phone or laptop anywhere in the worldNow, he accomplishes all three goals through the help of Tribevest and the power of his tribe. Check out his story on this w...","published_at":"2022-09-13T20:54:23Z","author_name":"Brittany Barchalk","url":"/feed/158142","canonical_url":"https://wefunder.com/feed/158142"},{"id":157850,"entity_id":"wefunder:feed_item:157850","type":"FeedItem::Update","visibility":"public","title":"On Stacking Benjamins LIVE @ 5 p.m. ET","preview":"Tune in to\u0026nbsp;Stacking Benjamins LIVE on Instagram at 5:00 p.m. ET where Tribevest, Founder and CEO, Travis Smith, will be joining Joe Sahl-Sehy\u0026nbsp;to talk about all things\u0026nbsp;group investing!You're not gonna want to miss this one!How to watch:1️⃣ Follow\u0026nbsp;@stackingbenjaminspodcast\u0026nbsp;on Instagram 2️⃣ At 5:00 p.m. ET click on the LIVE that shows up in your Stories","published_at":"2022-08-31T18:35:15Z","author_name":"Brittany Barchalk","url":"/feed/157850","canonical_url":"https://wefunder.com/feed/157850"},{"id":157798,"entity_id":"wefunder:feed_item:157798","type":"FeedItem::Update","visibility":"public","title":"Featured in TechCrunch (again!)","preview":"\"Investing in stocks with your friends' input may be good enough, but if you want to invest in higher-priced assets, pooling money with friends can make all the difference. Unfortunately for those looking to band together to invest in alternative assets, there is no shortage of red tape - ahem, SEC - and legal hurdles in making group investing a reality.That’s precisely what motivated entrepreneur Travis Smith\u0026nbsp;to found group investing platform Tribevest\u0026nbsp;— he realized how logisticall...","published_at":"2022-08-29T19:56:47Z","author_name":"Brittany Barchalk","url":"/feed/157798","canonical_url":"https://wefunder.com/feed/157798"},{"id":157732,"entity_id":"wefunder:feed_item:157732","type":"FeedItem::Update","visibility":"public","title":"Introducing Business Profiles","preview":"We know it's best practice to represent yourself as a business to make investments. Many of you have been asking to act on behalf of an LLC on all legal documents and communications from within your Tribe. We are excited to announce Business Profiles are here!\u0026nbsp;You can now easily import your existing LLC to join a Tribe and represent yourself as that business. Zach Bowers, CTO, walk through how you can do this in the video below.If you haven't started your Tribe yet, you'll be prompted to...","published_at":"2022-08-25T18:46:28Z","author_name":"Brittany Barchalk","url":"/feed/157732","canonical_url":"https://wefunder.com/feed/157732"},{"id":157694,"entity_id":"wefunder:feed_item:157694","type":"FeedItem::Update","visibility":"public","title":"How to Invest in a Syndication as a Group on PassiveInvesting.com","preview":"Travis Smith, Founder and CEO of Tribevest recently participated in Passive Investing Made Simple with Whitney Elkins-Hutten the Director of Investor Education at PassiveInvesting.com. Travis and Whitney talk through several applications of how group investing can help build wealth for folks who are just starting out or more experienced investors. The masterclass covers: Meet Travis Smith, CEO of TribevestLearn how to pool your money with family and friendsFigure out how to invest in more dea...","published_at":"2022-08-23T17:53:29Z","author_name":"Brittany Barchalk","url":"/feed/157694","canonical_url":"https://wefunder.com/feed/157694"},{"id":157550,"entity_id":"wefunder:feed_item:157550","type":"FeedItem::Update","visibility":"public","title":"Employee Spotlight: Rachel Erb, Customer Success Manager","preview":"We caught up with Rachel one of our superstars that onboards and supports all of our Tribes. 💥Q: How long have you been with Tribevest, and what do you do here?A: I’ve been with Tribevest for almost 8 months. I onboard and support all of our Tribes. I also work closely with my department head on building and maintaining our activation system to allow us to continue to grow and support our users more effectively and efficiently.Q: What is your favorite thing about working at Tribevest?A: I lov...","published_at":"2022-08-17T20:45:02Z","author_name":"Brittany Barchalk","url":"/feed/157550","canonical_url":"https://wefunder.com/feed/157550"},{"id":157518,"entity_id":"wefunder:feed_item:157518","type":"FeedItem::Update","visibility":"public","title":"Tribevest featured on CNBC as a \"company to watch\"","preview":"Thanks to CNBC \u0026 Mercedes Bent of Lightspeed Venture Partners for including Tribevest in your discussion on Closing Bell.The future of investing is bringing your community together and not always having to go it alone.","published_at":"2022-08-16T13:34:09Z","author_name":"Brittany Barchalk","url":"/feed/157518","canonical_url":"https://wefunder.com/feed/157518"},{"id":157445,"entity_id":"wefunder:feed_item:157445","type":"FeedItem::Update","visibility":"public","title":"Executive Turned Real Estate Investor Achieves Financial Freedom","preview":"\"What's really driving me is I want to be more at home and more with my family.\"Pascha, a former executive for Nike, Adidas, and Asics saw another path through real estate investing to achieve her goal of being more present with her family.She had always been interested in real estate, but didn't know how to get started.It seemed scary and unattainable.She joined an extensive national network of women real estate investors and after 6 months of deep learning she started her journey.Now she is...","published_at":"2022-08-12T17:54:56Z","author_name":"Brittany Barchalk","url":"/feed/157445","canonical_url":"https://wefunder.com/feed/157445"},{"id":157290,"entity_id":"wefunder:feed_item:157290","type":"FeedItem::Update","visibility":"public","title":"How Tribevest Started","preview":"Tribevest was born around a kitchen table with a group of brothers who dreamed of owning a vacation home.They wanted a place where their kids would grow, learn, and play together.They couldn’t quite figure out how to get past the initial conversation that was full of excitement and big dreams.The next step meant actually saving money, but how?Capital was needed and they realized they needed to start saving now to be able to buy that vacation home before all their kids grew up and moved out.Ea...","published_at":"2022-08-10T14:29:37Z","author_name":"Brittany Barchalk","url":"/feed/157290","canonical_url":"https://wefunder.com/feed/157290"},{"id":157243,"entity_id":"wefunder:feed_item:157243","type":"FeedItem::Update","visibility":"public","title":"Employee Spotlight: John Franck, Sr. Product Manager","preview":"What makes working at Tribevest so fulfilling? Here are 3 reasons why John joined the Tribevest team.1️⃣ The problem Tribevest is solving. People achieve\u0026nbsp;financial freedom through investing, but it is becoming harder all the time to do it alone. Group investing unlocks a way to start investing right now in any asset class.2️⃣ The Tribevest\u0026nbsp;team. He wanted to be around people who are experts at what they do but humble enough to openly collaborate. He has seen the team wrestle through...","published_at":"2022-08-04T16:23:40Z","author_name":"Brittany Barchalk","url":"/feed/157243","canonical_url":"https://wefunder.com/feed/157243"},{"id":157228,"entity_id":"wefunder:feed_item:157228","type":"FeedItem::Update","visibility":"public","title":"How Jeff Became a Passive Real Estate Investor","preview":"Tribevestor and Infielder, Jeff G., has been investing passively for about a year and a half.Having started as an accidental landlord in the real estate industry, he has pivoted to the passive side over time.Jeff shares how he found value in Left Field Investors and Tribevest to educate him and spread his risk of investing.Link below to listen! 👇https://leftfieldinvestors.com/is12-infielder-spotlight-with-jeff-geagan/","published_at":"2022-08-03T21:01:43Z","author_name":"Brittany Barchalk","url":"/feed/157228","canonical_url":"https://wefunder.com/feed/157228"},{"id":157205,"entity_id":"wefunder:feed_item:157205","type":"FeedItem::Update","visibility":"public","title":"Numbers Confidence","preview":"One of the things Paul, Founder of the REI Freedom Fund Tribe refers to is number confidence.Once you have number\u0026nbsp;confidence, you know, “Okay, this is how much this costs. This is how much is a good buy price for this particular\u0026nbsp;asset.”And then once you start developing that, you gain a confidence in your confidence, and you just kind of establish these building blocks for\u0026nbsp;success.And it's really hard to do that by yourself. 👨🏼So when you're able to be inside of a community ins...","published_at":"2022-08-02T19:16:14Z","author_name":"Brittany Barchalk","url":"/feed/157205","canonical_url":"https://wefunder.com/feed/157205"},{"id":157180,"entity_id":"wefunder:feed_item:157180","type":"FeedItem::Update","visibility":"public","title":"Revenue Update 🚀","preview":"As of the week of July 18th, our 2022 revenue already surpassed our revenue from ALL of 2021.\u0026nbsp;🙌🏻We are excited about the growth that we have experienced thus far this year, and for the additional success ahead.","published_at":"2022-08-02T01:50:47Z","author_name":"Brittany Barchalk","url":"/feed/157180","canonical_url":"https://wefunder.com/feed/157180"},{"id":157129,"entity_id":"wefunder:feed_item:157129","type":"FeedItem::Update","visibility":"public","title":"One of our Founder's has 8 tribes!","preview":"\"8 tribes are probably too many, but I keep creating them because there is a purpose to every one of them. It all boils down to community and learning together.\"Jim Pfeifer, Founder of Left Field Investors, has been an integral part of Tribevest since day 1 and continues to learn and grow with us. Whether it's having new Left Fielders join a test tribe or getting into a large syndicate deal, Jim uses Tribevest because it's all about learning and growing together!Learn more about what he's usi...","published_at":"2022-07-29T21:53:01Z","author_name":"Brittany Barchalk","url":"/feed/157129","canonical_url":"https://wefunder.com/feed/157129"},{"id":157091,"entity_id":"wefunder:feed_item:157091","type":"FeedItem::Update","visibility":"public","title":"[Product Update] New Contributions View","preview":"We believe trust and transparency are essential for people to confidently invest together. That is why we released our updated design on a Tribe's funding dashboard.\u0026nbsp;You can now easily see all contributions to your Tribe in one place providing full visibility and trust for everyone!\u0026nbsp;This new view gives you the entire history of your Tribe's contributions. In addition, you can now easily navigate between funding rounds, cap table, and cap ledger to provide visibility into funds being...","published_at":"2022-07-28T19:00:46Z","author_name":"Brittany Barchalk","url":"/feed/157091","canonical_url":"https://wefunder.com/feed/157091"},{"id":157016,"entity_id":"wefunder:feed_item:157016","type":"FeedItem::Update","visibility":"public","title":"We are 70% of the way to our goal!","preview":"Today we publicly launched our Wefunder campaign and couldn't be more excited! We are thrilled by the momentum our friends and family have contributed to get us to over $700,000 prior to going public! Here's an announcement from our Founder \u0026 CEO, Travis Smith on our why.","published_at":"2022-07-26T15:58:51Z","author_name":"Brittany Barchalk","url":"/feed/157016","canonical_url":"https://wefunder.com/feed/157016"}],"q_and_a":[{"id":213614,"entity_id":"wefunder:comment:213614","question":"Hi, great concept...! Can you shed some more light on your revenue projections for the next 5-7 years, and have you considered possible routes to exit and expected multiple valuations? Thanks!","author_name":"Felipe Rengifo","votes":3,"created_at":"2022-08-02T14:44:36Z","canonical_url":"https://wefunder.com/tribevest#question-213614","answers":[{"id":213724,"entity_id":"wefunder:comment:213724","answer":"Thanks for the question, Felipe! We are currently targeting $3-4M in Annualized Revenue at the end of 2023, with a path to $10M+ Annualized Revenue by mid/late-2025. A few possible routes to exit for Tribevest is through an IPO, or through a strategic acquisition. Unfortunately, valuation multiples are highly variable depending on the public and private markets at the time of exit, so we can't comment specifically on what we would expect at that time.","author_name":"Brittany Barchalk","votes":3,"created_at":"2022-08-03T01:57:44Z"}]},{"id":219578,"entity_id":"wefunder:comment:219578","question":"Hi Travis - Thanks for answering my previous questions. A couple follow-ups: (1) How is the current macro environment impacting Tribevest? You mentioned 53% of all investments is in real estate. However, real estate market is expected to take a big hit in the next 12 - 18 months. How will you address this risk. (2) What is your current monthly burn rate? Assuming you raise $1mm in this round, how much runway will you have? Any contingency plans to reduce the burn to preserve runway? Thanks again.","author_name":"Jeff Park","votes":1,"created_at":"2022-09-20T19:49:55Z","canonical_url":"https://wefunder.com/tribevest#question-219578","answers":[{"id":219676,"entity_id":"wefunder:comment:219676","answer":"Hi Jeff - Great questions! We are coming off another all-time high month in Revenue, so we think the current market uncertainty highlights the benefits of spreading risk as a tribe across multiple investments. Most of our customers have read Rich Dad and understand that the key to winning in a down market is to have capital ready as a tribe. So our tribes are enthusiastic about a buyers market. Additionally, one of our advantages in the market is that we are deal and asset-class agnostic. So we are not dependent on any one market. We feel fortunate to be in this strong position ahead of our Series-A in the first half of 2023. This round affords us 18 months of the runway without having to slow our growth goals of 20% MoM. We do have contingency plans should we need to preserve the runway and have the option to adjust our strategy and goal to reach breakeven and 'default alive.' Thanks, Jeff, for the great question! LMK if you want to talk some more! Travis","author_name":"Travis Smith","votes":0,"created_at":"2022-09-21T18:31:43Z"}]},{"id":217280,"entity_id":"wefunder:comment:217280","question":"Hi - Very interesting company/product. A few questions. (1) How do you view Tribevest relative to real estate crowdfunding platforms like Fundrise? Obviously very different models, but if the size of the initial investment is the limiting factor when investing in RE, then the likes of Fundrise solves this very effectively. Plus, I already have a curated list of investment options to choose from. Wondering if Tribevest is an indirect competitor or complementary service. (2) What is the percentage mix breakdown for invested asset classes (e.g. real estate, stocks, private equity, crypto, etc.)? What is the reason for the top asset class? (3) Are you capping this Wefunder raise at $1mm? Thanks in advance!","author_name":"Jeff Park","votes":1,"created_at":"2022-09-01T15:56:41Z","canonical_url":"https://wefunder.com/tribevest#question-217280","answers":[{"id":217421,"entity_id":"wefunder:comment:217421","answer":"Hi Jeff- Thanks for these great questions. Please find my response below: Q1: How do you view Tribevest relative to real estate crowdfunding platforms like Fundrise? A: We see Fundrise as a distribution partner. Many of our tribes do invest in deals on Fundrise and many other deal platforms. Our goal is to turn every single deal (on and off the internet) into a multiplayer opportunity. It won't be long before you see a “Tribe It” button at checkout on all these platforms. Q2: What is the percentage mix breakdown for invested asset classes (e.g. real estate, stocks, private equity, crypto, etc.)? What is the reason for the top asset class? A: To date, 60% of tribes invest in more than one investment type. (this is why the percentages below don't add up to 100%!) 53% Real estate investments (Passive investments multi-family properties syndication, Single Family (Rentals, Flips, Short-term rentals), Vacation homes, and smaller Multi-Family deals) 45% invest in small business ventures, startups, franchises 22% invest in cryptocurrency, blockchain, Web3 technology 10% invest in stocks, 7% invest in collectibles (art, trading cards, horses, cars, etc) 7% invest in “other” Q2a: What is the reason for the top asset class? A: Real Estate is the most simple, most familiar, most proven asset class to build true wealth. It is finally accessible to all by leveraging your most valuable resource, your tribe. Q3: Are you capping this Wefunder raise at $1mm? A: We anticipate going over but will have a hard deadline that will be announced soon. Thanks for the questions, and I hope that helps! Sincerely, Travis Founder \u0026amp; CEO","author_name":"Travis Smith","votes":2,"created_at":"2022-09-02T10:44:57Z"}]},{"id":216309,"entity_id":"wefunder:comment:216309","question":"Hi, I love the concept of Group Investing \u0026amp; see unlimited potential upside looking when I look at the scale that it can spread \u0026amp; collaborated with different types of Assets to offer under one roof. Tribevest can be in $10 billion Company in next 7 years if executed keeping end user in mind. My questions are below: 1. Are you planning on decreasing the annual membership cost down the road. Every person with an intent to invest to use your platform. Subscription might be a blocker for majority. It's better to scale up \u0026amp; Make money rather than increase the subscription with limited number of users. 2. Are you planning to provide end to end one stop shop from providing services to user on where to invest, Creating Legal Business LLC, Tracking users Return potential analytics, Auditing, Tax filing on behalf of companies \u0026amp; others. 3. Also Can you able to decrease the number of steps while registering the User on his investment appetite for more User friendly (with less clicks) keeping everyone in mind. As you have Mobile app launch plans for this year Thank You","author_name":"Mahesh Doddareddy","votes":1,"created_at":"2022-08-23T19:39:29Z","canonical_url":"https://wefunder.com/tribevest#question-216309","answers":[{"id":216462,"entity_id":"wefunder:comment:216462","answer":"Thanks for your questions, Mahesh! Love that you believe Tribevest can be a $10 billion company! To answer your questions: 1. There are no plans currently to decrease membership cost down the road. And in many cases, the membership cost is tax deductible. 2. Yes, we are excited to bring additional services to our Tribes and these service integrations are on our product roadmap. 3. We are always evaluating our registration funnel and appreciate your feedback! We take the Lean Startup approach to everything we do and continue to run tests on our funnel to ensure the best user experience.","author_name":"Brittany Barchalk","votes":2,"created_at":"2022-08-25T18:33:50Z"},{"id":216465,"entity_id":"wefunder:comment:216465","answer":"First, Brittany's responses are all true. Great job as always, Brittany! Mahesh, let me provide my own quick response to your very savvy \u0026amp; perceptive questions! We agree with you. With Tribevest being such a social and network effects business and platform, scaling up with active users is more important than optimizing revenue. We feel like we are at a low-cost solution now, but as we increase our efficiencies and lower our COGS we will pass that on to unlock more users. Even at our low cost, we currently have unit economics to scale. Yes, we must help our customers throughout their wealth-building journey. And we have built our platform to do this at scale. We are already offering register agent and automatic state filing services and plan to offer bookkeeping and tax services by the end of the year. The key is that those services meet the customer where they are and at a better-than-expected cost. I love this question… our technology is built so that it gets easier to use the more you use it. Let me explain; when you file for your tribe LLC… you must provide certain information. Then when it comes to opening your business bank account, about 95% of the information you need has already been provided. So we leverage that, making it easier for everything service as you go. And so on… Mahesh, please reach out to me if you’d like to talk. Appreciate your thoughtful questions! Travis Tribevest, Founder \u0026amp; CEO","author_name":"Travis Smith","votes":2,"created_at":"2022-08-25T18:49:20Z"}]},{"id":213248,"entity_id":"wefunder:comment:213248","question":"What is value added for investor in next few years? What is your strategy to develop the platform?","author_name":"Wael Alghamdi","votes":1,"created_at":"2022-07-29T15:31:12Z","canonical_url":"https://wefunder.com/tribevest#question-213248","answers":[{"id":213292,"entity_id":"wefunder:comment:213292","answer":"Hi Alghamdi! The investment in Tribevest provides a certain percentage of the equity of the company. This equity percentage provides the investor the right for their proportional share of profits, dividends (if declared) and, if Tribevest is acquired, the proportional share of proceeds received from the sale. We’ve taken a “tribe driven” approach to developing out our platform, beginning with the common foundations that every group needs to safely invest together. As our tribes mature and participate in new investment verticals, we’re committed to building alongside them to meet the unique needs that each situation presents. Ultimately we believe that collaborative investing is for everyone and are building a platform that makes it a reality!","author_name":"Brittany Barchalk","votes":1,"created_at":"2022-07-30T02:42:34Z"}]},{"id":212978,"entity_id":"wefunder:comment:212978","question":"Will there be a cell phone-based app for TribeVest? I'm currently using TribeVest and love the platform. Looking forward to being a user and an investor.","author_name":"Seko Varner","votes":1,"created_at":"2022-07-27T19:01:51Z","canonical_url":"https://wefunder.com/tribevest#question-212978","answers":[{"id":213050,"entity_id":"wefunder:comment:213050","answer":"Hi Seko! Yes, our mobile app is currently in development and scheduled for release by the end of this year. Thanks for your interest in becoming a Tribevest user and investor! Please don't hesitate to reach out if you have additional questions. Our team is happy to help. :)","author_name":"Brittany Barchalk","votes":1,"created_at":"2022-07-28T13:20:06Z"}]},{"id":307782,"entity_id":"wefunder:comment:307782","question":"We have heard nothing in over a year. Any updates to our investment in the company?","author_name":"Zak Rangwala","votes":0,"created_at":"2025-05-08T17:45:39Z","canonical_url":"https://wefunder.com/tribevest#question-307782","answers":[]},{"id":280590,"entity_id":"wefunder:comment:280590","question":"I invested $300. Where are my shares?","author_name":"Elizabeth Zelinger","votes":0,"created_at":"2024-04-04T10:24:10Z","canonical_url":"https://wefunder.com/tribevest#question-280590","answers":[]},{"id":226259,"entity_id":"wefunder:comment:226259","question":"Is this wefunder round closed?","author_name":"Otto Beatty","votes":0,"created_at":"2022-11-21T01:29:34Z","canonical_url":"https://wefunder.com/tribevest#question-226259","answers":[{"id":226313,"entity_id":"wefunder:comment:226313","answer":"Hi Otto. Yes, our Wefunder round is closed.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-11-21T18:26:19Z"}]},{"id":220518,"entity_id":"wefunder:comment:220518","question":"Hello, your gross margins for the past 2 years is pretty low, relatively speaking. Is there a reason for this?","author_name":"Kim San LEE","votes":0,"created_at":"2022-09-29T19:45:48Z","canonical_url":"https://wefunder.com/tribevest#question-220518","answers":[{"id":220523,"entity_id":"wefunder:comment:220523","answer":"As an early stage start-up, the first couple of years are as much about product market fit as they are about pricing, and striking the right balance. In order to ensure we were capturing early market traction and share, our pricing was very competitively priced, and our offerings at that time had lower gross margins, in an effort, again, to capture initial market traction and share.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-29T20:25:32Z"}]},{"id":220393,"entity_id":"wefunder:comment:220393","question":"Hello, just want to confirm that the round is priced at exactly $1.46/share, not been rounded down (e.g., 1.46446894/share). If it's not 1.46/, kindly provide the exact price. Thank you.","author_name":"Kim San LEE","votes":0,"created_at":"2022-09-28T22:03:12Z","canonical_url":"https://wefunder.com/tribevest#question-220393","answers":[{"id":220478,"entity_id":"wefunder:comment:220478","answer":"Hello! The price shown is an estimate based on the targeted raise. Once we close, and all investments are finalized, the final share price will be updated at that time. The final share price will have 4 decimals (e.g. $1.4XXX).","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-29T13:23:20Z"}]},{"id":219071,"entity_id":"wefunder:comment:219071","question":"If I were to make a $100 investment , what would be my ownership share or investment. Shares in the company?","author_name":"Corey Bundy","votes":0,"created_at":"2022-09-18T11:28:20Z","canonical_url":"https://wefunder.com/tribevest#question-219071","answers":[{"id":219411,"entity_id":"wefunder:comment:219411","answer":"Hi Corey! The investment in Tribevest provides a certain percentage of the equity of the company. This equity percentage provides the investor the right for their proportional share of profits, dividends (if declared) and, if Tribevest is acquired, the proportional share of proceeds received from the sale.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-19T14:03:06Z"}]},{"id":218662,"entity_id":"wefunder:comment:218662","question":"Hello. Are there any plans to include options for individual to join TribeVest as solo investors looking to JOIN Tribes instead of CREATING Tribes? I have an account on TribeVest but am more interested in joining an established Tribe. Thanks!","author_name":"Martin D. ","votes":0,"created_at":"2022-09-14T19:20:51Z","canonical_url":"https://wefunder.com/tribevest#question-218662","answers":[{"id":218713,"entity_id":"wefunder:comment:218713","answer":"Hi Martin! Great question. At this time we don't have a plan for individuals to join established Tribes. We get asked this question a lot and it is on our product roadmap.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-15T12:59:24Z"}]},{"id":217660,"entity_id":"wefunder:comment:217660","question":"Hello, are you able to provide more information on the investments made by your institutions/VC, such as amounts and dates invested? At the very least if possible, which round (2018/19/21) each institution came in at? If you can, can you elaborate on your investors at the 2019 round please? Am impressed you were able to secure that much for what was probably pre-rev pre-seed round? Thank you.","author_name":"Kim San LEE","votes":0,"created_at":"2022-09-04T07:58:58Z","canonical_url":"https://wefunder.com/tribevest#question-217660","answers":[{"id":217852,"entity_id":"wefunder:comment:217852","answer":"Hi Kim, great question! Unfortunately, the investors, amounts, and dates are not able to be publicly disclosed out of respect for our investors.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-06T13:31:19Z"}]},{"id":217659,"entity_id":"wefunder:comment:217659","question":"Hello, tagging on to a couple of previous questions: 1) the registrations for the investment vehicles that tribes form (LLC,etc) -- are they in the US? Because you say that currently no foreign investors are allowed to lead or initiate tribes. Or are the registrations/restrictions a function of tribevest as a US corp itself? 2) Have you or are you looking to form investment vehicles based in tax-friendly municipalities/locations outside the US? Because if your vehicles are IRS taxable, you may lose a lot of overseas investors who are legitimately from countries which have tax treaties with the US or lower tax rates/capital gains tax exempt. Just some thoughts,","author_name":"Kim San LEE","votes":0,"created_at":"2022-09-04T07:44:22Z","canonical_url":"https://wefunder.com/tribevest#question-217659","answers":[{"id":217853,"entity_id":"wefunder:comment:217853","answer":"Thanks for your thoughtful questions, Kim. 1. Yes, U.S. Only. 2. We are always looking for opportunities, but are going to continue to focus on the U.S. as the market is very large and we have quite a bit more market share to capture. We understand there may be foreign investors that may not be able to form these entities now, but it is always on the radar to look for new and innovative ways to provide access to group investing, not only here in the U.S., but globally.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-09-06T13:32:58Z"}]},{"id":216957,"entity_id":"wefunder:comment:216957","question":"Is it possible to join a tribe even if I do not know anyone? If so, how?? I have alot closed mind friends who would not be willing to do this...........","author_name":"David Katralis","votes":0,"created_at":"2022-08-31T14:40:54Z","canonical_url":"https://wefunder.com/tribevest#question-216957","answers":[{"id":216971,"entity_id":"wefunder:comment:216971","answer":"Another great question, David! Currently you do need to bring your own Tribe to Tribevest. That being said, there are communities out there like Left Field Investors that focus on passive investing in real estate that are forming Tribes all the time. It's a great way to meet like-minded folks! In the future, you will have the ability to network on our platform and join Tribes with others.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-08-31T16:23:08Z"}]},{"id":216956,"entity_id":"wefunder:comment:216956","question":"What was the previous Pre-Money Evaluation ?","author_name":"David Katralis","votes":0,"created_at":"2022-08-31T14:39:06Z","canonical_url":"https://wefunder.com/tribevest#question-216956","answers":[{"id":216958,"entity_id":"wefunder:comment:216958","answer":"Thanks for the question, David. Our previous pre-money evaluation was $15M at the end of 2021 and we're on track to be 5x revenue in 2022 over 2021.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-08-31T14:42:17Z"}]},{"id":216115,"entity_id":"wefunder:comment:216115","question":"Is Tribevest available internationally? (I'm referring to the SAAS product, as I know the WeFunder campaign is international)","author_name":"Hamish Webb","votes":0,"created_at":"2022-08-22T03:27:48Z","canonical_url":"https://wefunder.com/tribevest#question-216115","answers":[{"id":216327,"entity_id":"wefunder:comment:216327","answer":"Thanks for the question Hamish! Currently you have to be a U.S. citizen to form a Tribe. However, we know there is demand to use Tribevest internationally and It is on our product roadmap to expand.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-08-23T21:23:31Z"},{"id":216541,"entity_id":"wefunder:comment:216541","answer":"Again, a great answer from Brittany. We do plan to expand internationally but not in the next 18 months. One thing to add, though, is today, international users can join Tribes as a member. They just can't be the initiator and manager.","author_name":"Travis Smith","votes":0,"created_at":"2022-08-26T11:39:18Z"}]},{"id":215731,"entity_id":"wefunder:comment:215731","question":"How does Tribevest earn revenue? Please detail all projected income streams.","author_name":"Jonas Green","votes":0,"created_at":"2022-08-17T19:57:00Z","canonical_url":"https://wefunder.com/tribevest#question-215731","answers":[{"id":215783,"entity_id":"wefunder:comment:215783","answer":"Thanks for your question, Jonas. Tribevest earns revenue through software subscriptions from our Tribes, similar to most SaaS companies. We have monthly and annual subscription options. Additionally, we sell ancillary add-ons for Tribes, such as automated registered agent filing, if they choose to elect the additional service.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-08-18T13:15:21Z"},{"id":216542,"entity_id":"wefunder:comment:216542","answer":"In addition to Brittany's answer... on our roadmap are services for our Tribes for every step of their wealth journey together. I.e. tax services, lending, insurance, etc","author_name":"Travis Smith","votes":0,"created_at":"2022-08-26T11:41:03Z"}]},{"id":215718,"entity_id":"wefunder:comment:215718","question":"who(s) is currently a close competitor?","author_name":"Victor Lam","votes":0,"created_at":"2022-08-17T17:41:21Z","canonical_url":"https://wefunder.com/tribevest#question-215718","answers":[{"id":215782,"entity_id":"wefunder:comment:215782","answer":"Hi Victor! You can see our competitive landscape in slide 18 of our overview. But to summarize, Tribevest is leading the way for collaborative investing in any alternative asset.","author_name":"Brittany Barchalk","votes":0,"created_at":"2022-08-18T13:14:39Z"}]},{"id":215100,"entity_id":"wefunder:comment:215100","question":"When does Tribevest close?","author_name":"Phillip Wright","votes":0,"created_at":"2022-08-12T00:49:20Z","canonical_url":"https://wefunder.com/tribevest#question-215100","answers":[{"id":215218,"entity_id":"wefunder:comment:215218","answer":"Thanks for the question! We will begin closing shortly after we hit our $1M goal.","author_name":"Brittany Barchalk","votes":1,"created_at":"2022-08-12T20:28:22Z"}]},{"id":214914,"entity_id":"wefunder:comment:214914","question":"Hi not too sound rude, but how is this different than Wefunder?","author_name":"Luke Wilson","votes":0,"created_at":"2022-08-10T22:14:04Z","canonical_url":"https://wefunder.com/tribevest#question-214914","answers":[{"id":215071,"entity_id":"wefunder:comment:215071","answer":"Hi Luke! Great question. Tribevest is not a crowdfunding platform like Wefunder. We help investor groups (usually with 5-7 people) create what we call a multi-owner vehicle. This includes forming a multi-member LLC, opening an FDIC-insured business banking account, operating documents, due diligence, annual compliance and more. From there, that investor group can pool their capital and use their multi-owner vehicle to transact as an entity seamlessly in any deal on or off the internet.","author_name":"Brittany Barchalk","votes":2,"created_at":"2022-08-11T20:46:33Z"}]}],"faq":[{"question":"Will there be a cell phone-based app for TribeVest? I'm currently using TribeVest and love the platform. Looking forward to being a user and an investor.","answer":"Hi Seko! Yes, our mobile app is currently in development and scheduled for release by the end of this year. Thanks for your interest in becoming a Tribevest user and investor! Please don't hesitate to reach out if you have additional questions. Our team is happy to help. :)"},{"question":"What is value added for investor in next few years? What is your strategy to develop the platform?","answer":"Hi Alghamdi! The investment in Tribevest provides a certain percentage of the equity of the company. This equity percentage provides the investor the right for their proportional share of profits, dividends (if declared) and, if Tribevest is acquired, the proportional share of proceeds received from the sale. We’ve taken a “tribe driven” approach to developing out our platform, beginning with the common foundations that every group needs to safely invest together. As our tribes mature and par..."},{"question":"Hi, great concept...! Can you shed some more light on your revenue projections for the next 5-7 years, and have you considered possible routes to exit and expected multiple valuations? Thanks!","answer":"Thanks for the question, Felipe! We are currently targeting $3-4M in Annualized Revenue at the end of 2023, with a path to $10M+ Annualized Revenue by mid/late-2025. A few possible routes to exit for Tribevest is through an IPO, or through a strategic acquisition. Unfortunately, valuation multiples are highly variable depending on the public and private markets at the time of exit, so we can't comment specifically on what we would expect at that time."},{"question":"Hi not too sound rude, but how is this different than Wefunder?","answer":"Hi Luke! Great question. Tribevest is not a crowdfunding platform like Wefunder. We help investor groups (usually with 5-7 people) create what we call a multi-owner vehicle. This includes forming a multi-member LLC, opening an FDIC-insured business banking account, operating documents, due diligence, annual compliance and more. From there, that investor group can pool their capital and use their multi-owner vehicle to transact as an entity seamlessly in any deal on or off the internet."},{"question":"When does Tribevest close?","answer":"Thanks for the question! We will begin closing shortly after we hit our $1M goal."}]}}}