Thanks to everyone who invested in AgeWage yesterday. We have smashed all expectations. In what is down as a 66 day campaign we raised well over half our funding target in the first 12 hours. Collectively you invested nearly £105,000 in amounts ranging from thousands to the minimum investment of £16.50
To remind you, here is the link to our crowdfunding page on Seedrs
For those of you who want to know what AgeWage about, here’s our pitchbook
If you want our business plan, a comprehensive series of spreadsheets , then please mail me on email@example.com. We require an NDA which I can quickly turn around.
Here are the great things!
Our landlords – WeWork got wind of AgeWage crowdfunding, saw our numbers and came to my desk with a bottle of Prosecco! This is the kindest of things
— Pension Plowman (@henryhtapper) March 21, 2019
Here are a few of the messages I received yesterday.
I’m in. I love this idea, there’s a real market need as currently no basis for comparative rating of pension funds. This “power” needs to be within the mandate of the member.Good luck, and if I can help, let me know.
Henry. Thanks for the opportunity, I’ve just invested a further (just over) £4,000 which I’m sure you will steward carefully, good luck.
It’s very exciting that you have raised so much so quickly! Very well done!
Building on this.
The most exciting part of all of this is that we really haven’t started yet. We are in private mode, only the people who read my blog and are connected with me on social media are seeing all this.
We don’t go out to the wider public till next Monday!
Just 5 days to go until you have the chance to invest in AgeWage on Seedrs!
— AgeWage (@agewage2) March 20, 2019
When we do, we have an opportunity to be pretty well at target, meaning that we will be considered a success by the algorithm of the CrowdFunding platform of Seedrs.
The way that algorithm works takes into account not just the amount of money invested but the number of people who are investing. Currently we have relatively few investors compared with how much we’ve raised.
So if you think you have to invest thousands to be a shareholder – think again! In the world of crowdfunding, your £16.50 is very important.
And once we’ve got your tax back – that £16.50 shrinks!
This business is eligible for EIS relief – providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
But as a minimum (and do read the small print) you should see your £16.50 (or multiples thereof) shrink to £11.55 and – if you pay a lot of tax – forget about CGT when it works and write off your losses against tax, if it doesn’t.
Seedrs provide a handy tax calculator which you can access here.
Tax is complicated but Seedrs make getting your tax back a simple business.
What I want you to do – please!
It’s a lot easier to go to some private equity house for your money, or get a rich sugar daddy type sponsor. Getting money through crowd-funding is a ball-ache with a lot of due diligence to even get to the Seedrs platform.
As far as we know, no organisation like AgeWage has gone this route and we’re proud to be the first.
But it wouldn’t be the same without you.
Can you, when you have finished reading this , press the link and buy at least one share?
And then tell your friends!