It is slow going on clearing the ground-work (which I find incredibly frustrating).
The groundwork involves getting the company valuation verified, allocating some options in the existing option pool and topping up the option pool. These all need to be done to get us to the point that we know the exact numbers to supply Seedrs.
Unfortunately those things require 3rd parties, and some legal paperwork (EMI agreement, etc), which is why it's frustratingly slow.
In the mean time we've been updating materials that allow us to list faster. Things like creating a pitch deck to not only distill our communication and thoughts but to have as a source guide when we update the Seedrs listing.
The more observant will notice we've also updated http://microcosm.app/ . It's prettier.
Back to the question... hopefully we will launch in a week's time, as that will give us 2 weeks for the preemptive period for a public go-live in the first week of August.
And to answer a question you didn't ask, you don't need to put money in the account to be ready... but you do need to have cleared the KYC (Know Your Customer - anti-money laundering checks) stuff. The easiest way to trigger that is to invest £10 in any other startup on Seedrs, or to load money into Seedrs... it essentially involves providing proof of identity, address, etc.
Whilst I am here... if anyone who is an existing investor has changed their address since investing, you really want to make sure you've updated Seedrs and ideally told me too. The SEIS1 form for your tax relief is bogged down in a question, and as soon as the accountant answers that the SEIS1 will be filed and the SEIS3 will be generated by HMRC for you guys... and I believe those get posted to you. So keep Seedrs up to date with any address changes.
It is slow going on clearing the ground-work (which I find incredibly frustrating).
The groundwork involves getting the company valuation verified, allocating some options in the existing option pool and topping up the option pool. These all need to be done to get us to the point that we know the exact numbers to supply Seedrs.
Unfortunately those things require 3rd parties, and some legal paperwork (EMI agreement, etc), which is why it's frustratingly slow.
In the mean time we've been updating materials that allow us to list faster. Things like creating a pitch deck to not only distill our communication and thoughts but to have as a source guide when we update the Seedrs listing.
The more observant will notice we've also updated http://microcosm.app/ . It's prettier.
Back to the question... hopefully we will launch in a week's time, as that will give us 2 weeks for the preemptive period for a public go-live in the first week of August.
And to answer a question you didn't ask, you don't need to put money in the account to be ready... but you do need to have cleared the KYC (Know Your Customer - anti-money laundering checks) stuff. The easiest way to trigger that is to invest £10 in any other startup on Seedrs, or to load money into Seedrs... it essentially involves providing proof of identity, address, etc.
Whilst I am here... if anyone who is an existing investor has changed their address since investing, you really want to make sure you've updated Seedrs and ideally told me too. The SEIS1 form for your tax relief is bogged down in a question, and as soon as the accountant answers that the SEIS1 will be filed and the SEIS3 will be generated by HMRC for you guys... and I believe those get posted to you. So keep Seedrs up to date with any address changes.