Good day,
Today we will be talking about Investing in Startups with GetEquity.
As the internet is constantly evolving, the World Wide Web is rapidly redefining the way in which we interact with the world, in our last newsletter we talked about Decentralized Finance and how it is redefining financial services, in today’s newsletter we will be focusing on a product that is one the finest homegrown examples of what De-Fi is designed to achieve, by pulling down the fences of one of the most exclusive investment classes in the world, GetEquity is democratizing access to funding for startups and enabling the opportunity for individuals to get in on life changing investments for as little as $10.
GetEquity operates in an industry that is known as the Capital Market, the Capital Market is simply the place that businesses come to raise money that they need to run their daily operations and possibly scale their operations to meet demand. Like every market, there is the buyer and the seller, a business is selling it’s shares or any other form of security, the buyer is investing his money in businesses that have a potential for growth, the goal of the buyer is to double or triple his investment (Maybe x23)
The Capital Market is a platform that enables the Seller and Buyer to find each other.
With GetEquity individuals can invest in various businesses and tap into the potential of their long term growth, while diversifying their portfolio across various categories of companies.
In addition to these awesome investment opportunities, GetEquity does something called Tokenization, this is the process of converting something of value into a digital token.
Get Equity converts these shares into tokens, giving you more options of how you can interact with your equity, currently you can even gift equity to another GetEquity user.
The GetEquity Team said you should put your equity where your mouth is.
In the past, in order to get in on these kind of investments, you would need an introduction to the founder, it was an exclusive investment opportunity that you could only access if you knew the right people or you waited and hoped that the company did an Initial Public Offering (IPO), GetEquity is actively changing that narrative.
Today is Saturday 13th November and time is 10:00 AM West African Time, I just receive an email from Tolu from GetEquity, TalentQL has raised $25,000 on GetEquity to continue building a vetted pipeline of Software Engineers.
In March Talent QL got into the Techstars accelerator program and received a $120,000 investment, a deep dive into Talent QL and the caliber of companies listed on GetEquity shows that GetEquity is intentional about the companies it lists.
A number of rounds have been raised on GetEquity.
Fluidcoins enables you accept 10+ cryptocurrencies from customers anywhere in the world. Giving you the opportunity to take your business global from the very first day.
Collect helps businesses embed multiple payment methods in their app from one source through their simple API.
Today we will be interviewing the man behind GetEquity, the Founder/CEO Dike Jude, popularly known as bigbrutha_ on Twitter.
Dike Jude is the Co-Founder and CEO of GetEquity. He is a software engineer with professional experience across multiple domains, especially the financial domain, and the world of decentralized finance. He is an avid product operations and UX student, and currently seeks to merge the UX of CeFi and DeFi.
What is GetEquity?
Jude: GetEquity is a platform that allows for the creation of private market across different verticals. The major focus is venture capital, at the moment. Companies are trying to raise and investors are trying to invest in different companies. We tend to see fragmentation across both sides where companies are trying to raise but don’t necessarily have Network Effect. That is, not knowing who to raise from. Also, even larger companies could want their customers to become part of their larger project or part of their idea. This is where GetEquity comes in.
How was the idea for GetEquity sparked?
Jude: It first started with trying to bring DeFi into the mainstream like CeFi. We were looking for a way to create a tokenized marketplace. And this is what we started with. This turned out a bit okay and we kept iterating from there. From there, people suggested we try it out in various sectors. The first project that came was doing decentralized VC in tokenized assets. Later on, things just flowed and we moved forward from there.
What propelled the team to start building GetEquity?
Jude: I would say one of the first things we wanted to solve right after creating the Decentralized Exchange we built as a side-project. After this, we started to use cases. One of them was Venture Capital. That was when we started tailoring what is currently GetEquity into Venture Capital scale. It is something we are still iterating. It was also couple of months later we got our intro into GreenHouse Capital where we found out we had similar ideas on how to do things.
Was GetEquity a side project at any time? Did you always believe it would take off from the first day?
Jude: It was a project I did in my spare time in 2019 as a way to build a decentralized exchange and it sort of morphed into what it is right now.
How exactly does GetEquity work?
Jude: First, the structure. GetEquity works like a digital syndicate. Think Rally Cap Ventures. GetEquity is like this. In our instance, anyone who registers to be a member of the GetEquity platform becomes a member of the syndicate. Any company who raises through the GetEquity platform basically has the GetEquity syndicate on their Cap Table for the amount they are raising for. The only other thing we add to this opposed to every other syndicate is that we run what we call a Secondary Market where people who have invested in these companies can decide to sell their equity someone else on the same GetEquity platform. We also have what we call Deal Rooms that are more of B2B. This angle is tailored towards being able to onboard the current existing syndicates that you know of and giving them the same infrastructure GetEquity uses.
What is the most satisfying part about building the product?
Jude: The most satisfying part of this product is seeing numbers go up. I am a numbers person and I crunch numbers in my head all day. Seeing that come to fruition is always, always amazing.
By downloading the GetEquity app and investing in some of the best companies on the continent, you are actively working towards building and preserving wealth in the long term, the goal is not just to be rich, the goal is to be wealthy, and wealth is a result of consistent intentional efforts geared toward financial prosperity.
Start here.
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This week we recommend you read the following:
What is Web 3.0? by Werner Vermaak.
The Web3 Report by Consensys.
Venture DAOs: A Complete Guide by Equity DAO.
Observability at Paystack: The first five years by Ibukun Itimi and Opeyemi Onikute.
We know it has been a while since our last newsletter, we apologize for the radio silence, we have more exciting stuff coming up and we can’t wait for you see what we have been building.
Kind Regards,
Kenechukwu Eze (Co-Founder, Ivory Finance)