Equity Crowdfunding

[Harvey Specter]

On Equitise:
CropLogic - https://equitise.com/project/transfo...vices-industry backed by Powerhouse Ventures
Invert Robotics - https://equitise.com/project/invert-...onal-expansion Backed by Powerhouse Ventures

More detail has now gone up on these two and they have (or just about) hit their minimums.

Interestingly, both these have Powerhouse Ventures as a major shareholder which (re)announced today that it is going for an ASX listing. Powerhouse did a wholesale raise on Snowball Effect late last year and given the uplift in value the two above are showing, it will be interesting to see what return those that invested in the Powerhouse crowdfunding raise will get at the IPO. Paywalled NBR article on Powerhouses ASX planned IPO: http://www.nbr.co.nz/article/powerho...po-cg-p-187611

Disclosure: Hold small amounts in all three from previous (pre crowdfunding) rounds.

[JamesST]

More detail has now gone up on these two and they have (or just about) hit their minimums.

Interestingly, both these have Powerhouse Ventures as a major shareholder which (re)announced today that it is going for an ASX listing. Powerhouse did a wholesale raise on Snowball Effect late last year and given the uplift in value the two above are showing, it will be interesting to see what return those that invested in the Powerhouse crowdfunding raise will get at the IPO. Paywalled NBR article on Powerhouses ASX planned IPO: http://www.nbr.co.nz/article/powerho...po-cg-p-187611

Disclosure: Hold small amounts in all three from previous (pre crowdfunding) rounds.

Something doesn't quite add up here. Google powerhouse and snowball effect and you can see that these 2 companies had an 'enterprise value' of ~$4m and ~$1.6m respectively just last year. What has changed so significantly in less than a year to now value both of these companies at around $10m each? it appears that neither have any revenue today so it can't be a surge in sales. If something had dramatically changed then they would have highlighted that in the equitise links above. So I think we can be safe in assuming that nothing has materially changed.
If this sort of change in enterprise value is what venture funds use to calculate their IRR then hopefully someone shines a spotlight on this in any powerhouse IPO analysis.