CollectiveBoost: Voting & Funding Process

Voting & Process to Raise Funds

Voting process to get funded will run every Quarter

Voting round starts on 1st day of the Quarter and runs for 60 days

Vote tally is made in the last 30 days of the Quarter

Businesses that received most Votes will be awarded their Funding requests

Funding are provided from Members Bank

We will fund as many Pitches as the Member Bank allows

Any remaining funds roll into Member Bank for the next Voting Quarter

After closing a round, we perform due diligence on companies

Upon completion of due diligence funds are distributed to winning companies

If business fails due deligence the next Pitch with the most Votes will be funded

Businesses that do not get enough Votes to get funded can try again

Businesses must wait one Voting round before trying again

Businesses can Pitch maximum of 2 times per Year to get funded

Businesses can Pitch maximum of 5 times total to get funded

Example

We have $5-Million in Members Bank
We have 100 businesses that have Pitched to raise Funding for average of $500K
This means we will fund about 10 businesses, the top 10 that have received the most Votes
The other 90 businesses will not be funded
Businesses that have failed to get most Votes to get funded can try again