@andrewdsouza Hi, I have a few questions on how this works: What kind of companies do you fund or like to fund? I notice on your website as well as the other comments that you track marketing spend with platform integrations. Apart from obviously being on one of your platform partners, can you tell me about what type of businesses you're looking at, or maybe which ones are better suited for this product (one-time vs subscription)? Also let's be honest: no dilution fundraising? What's the catch here? Are there restrictions on where I can or can not allocate this capital? Interested to hear more. Jeff

@vht Great questions. We are interested in funding any company that is doing over $10k/month in revenue and looking to grow their business. I know this sounds like marketing talk but it's not, most of the companies we see on a daily basis look like e-commerce companies running Shopify, Magento, BigCommerce etc, or many have rolled their own solution and use Stripe or Braintree in the backend. As long as we have enough history to feed our predictive models, we can fund any business with repeatable expenses like sales and marketing. Some of our best companies are direct to consumer products and subscription boxes because those companies need to know their unit economics and return on ad spend (ROAS) When you get funded from Clearbanc, you are given a card loaded with the amount of your advance. If you spend that money on marketing with our preferred vendors: Facebook, Google, Twitter, Snap, Amazon, Pinterest we reduce your effective fee from 12.5% to 6%. You can also pay any business invoice (if the vendor doesn't accept credit card) in any currency and the cost of that is 12.5%. Remember that these aren't interest rates, and this is not a loan. These are flat fees on the capital we invest in your business. Typically businesses take a 5% repayment rate, meaning that every time you get paid, we take 5% until your original amount and our fee is collected. This way we ride the revenue rollercoaster with you and have our own skin in the game so to speak. It's in our best interest to help our portfolio companies grow. We get the "what's the catch" question a lot and really, there isn't one. If you know your unit economics and have levers to pull that will lead to growth, taking an investment from Clearbanc becomes academic. Hope this answers your questions, if not let me know.

@vijaychattha 🚀

@yitong_zhang great questions. 1. Companies can expect anywhere from $5,000 up to $10,000,000. It all depends on your connected revenue and ad platform data. We compare your company against our models and present several offers. Up to the founder to pick the one that works best for their goals. Once we have given you money once, it becomes easy for us to see how fast you are spending it and starting working on follow-up investment. 2. We have integrations with: Shopify, Stripe, Square, Authorize.net, Braintree, PayPal, App Store, Google Play Store, Cratejoy, Facebook Ads, BigCommerce, Google Adwords and we are constantly adding more each week. Side note, love the work you and your team are doing at Coinbase.

@aydin_mirzaee thanks! We think so too!

Thanks @nickalt !

@rajen_ruparell 100% agree. We see ourselves complimenting the VC, high-risk, 0->1 style investments. We have big plans for 2019 and beyond but right now we are looking to fund the repeatable parts of a business with cost effective capital.

@kyunbit1 thanks for the comment and it's good to talk through this An SVB/Wells Fargo APR loan at 10% will not take 20mins to close, in fact, it could take a lot longer than you think. For growing businesses this time could be what makes or breaks a quarter / year. If you qualify for Clearbanc funding, we can fund you today. Also, our capital is not a loan, it's a revenue share. We take no personal guarantees, no security, no warrants, and no financial covenants. Because we structure our deals as a revenue share, we ride the ups and downs of your business and are incentivized to help our portfolio companies grow. Banks don't have the same incentives unfortunately. Happy to answer any other questions

@kyunbit1 It's 6% on FB/Google and approved partners. That 12.5% fee is really only for ACH/Wires. On top of that the fee is flat and paid back via a % of revenue that you generate. So how much revenue you make will determine how good of a deal it is. If you think about it the longer you take to pay it back the cheaper this model is since it's a flat fee. But, if you're thinking about it as a way to scale being able to quickly secure the funds, ramp up media spend - see returns then quickly get more funds is a much easier way to scale. It also depends on what part of the business you are looking for funding for. I think this is a great solution for marketing.

@kyunbit1 @andrewdsouza Stripe is offering 10% fixed fee cash advances with same revenue share model, for businesses with steady cash flow.

@andrewdsouza I love the initiative. But, my feedback would be to explore ways to make sure the APR does not exceed 25%. You'd get way more adoption and would make a difference. If the money taken actually works to speed up return on marketing, some companies might pay back in 3 months. Shouldn't there be an incentive for that? Otherwise, even a 6% fee would translate to a 36% APR.

@jess_at_soapbox Thank you.