Min. Investment: $100
What is Revenue-based equity?
In revenue-based equity investing, the investor buys equity in the company, but the company repurchases a portion of that equity using a percentage of "top-line" revenues, returning a multiple on what they buy back (2x, for example).
The goal would be to provide a return on the equity bought back at the 2x multiple, while leaving some equity with the investors for any future upside.
Here are some of the risks associated with this investment:
COVID-19. The impacts of COVID-19 on our communities and our economy has been significant. At this time, the overall impact and potential recovery from the effects of COVID-19 on the economy is unknown.
Key Personnel. The Project is highly dependent on Zebulon Parsons to oversee ongoing operations. His loss would adversely affect the company and the company might have to obtain other personnel to perform his duties. There can be no guarantee such replacement personnel will be available or that the company will proceed as planned in the event of the loss.
Competition. Provision of glass recycling services may differ in various geographic areas. Some areas may have public recycling options, public/private partnerships, or private companies providing recycling services. Though there are no known direct competitors for glass recycling in Greenville, SC, new competitors may arise or may be present in other markets Bricolage chooses to enter.
Need for Additional Funding/Dilution. The project may need additional capital in excess of the $ 75,000 minimum target being raised through this Regulation Crowdfunding offering. If the needed amount of capital is not achieved through this Regulation Crowdfunding offering, it may be pursued through other raises/sources, such as a separate exempt offering. Additionally, the issuer has contingency plans to proceed with expansion efforts to a lesser degree as long as the minimum target is achieved.
You can learn more about the risks of investing through Vicinity here.
If you missed the Q&A, here is a link to the recording. Feel free to drop any additional questions in the Q&A section! https://us02web.zoom.us/rec/share/2GFdRCHTvrrBgrWCBrvx7uTvWA7JpXgh9YV7FVr2xNyGRRxiJR16KI6kjXzpbxj-.boBAJiOAsfB4F1ub