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Miventure is a startup crowdfunding platform designed to bring life to new ideas. Instead of listing popular startups or existing companies, many of the deals listed on the platform are brand new.
While this allows investors to potentially get in on the ground floor with an exciting company, it does also increase the risk of the company not surviving.
However, investors are able to limit their risk thanks to the platform’s low $25 minimum investment.
- Low minimum investment
- Open to non-accredited investors
- Simple and streamlined platform
- Lower likelihood of big returns
- Most companies are brand new
- Limited track record
Investing in a successful startup truly can transform a person’s life. For example, Jason Calanacis invested $25,000 in Uber back when it was just getting started and today that investment is worth $100,000,000. That’s a much higher ROI than you’re likely to find from any publicly traded stock.
But, the only reason Jason was able to invest in Uber that early is because he had connections and money. For the rest of us that aren’t living in Silicon Valley and sitting on tens of thousands of dollars to invest, we’ve been historically shut out from startup investing.
However, recently this has begun to change in a big way.
There are now dozens of startup investing platforms that everyday investors like you and I are able to utilize. With these platforms, we’re able to invest in early companies and potentially get a piece of a much greater upside.
One of the companies leading the charge in startup crowdfunding is Miventure. In this Miventure review, we’ll take a closer look at how the Miventure platform works and if it’s an effective way to start investing in startups.
Miventure Review: Platform Highlights
- Miventure is one of the most accessible platforms for startup investing
- All investments on Miventure follow a crowdfunding model for raising money and use a Crowd SAFE
- Investors do not need to be accredited to invest on Miventure
- Miventure has the lowest minimum investment of any startup investing platform at only $25
- The signup process for Miventure is quick, easy, and streamlined
What is Miventure?
Miventure is a platform that allows everyday investors to easily invest in exciting startups. Of all of the startup investing platforms, Miventure is by far one of the most accessible. This is thanks to their lenient investor requirements and low minimum investment.
Unlike many other platforms that require investors to be accredited and to invest thousands of dollars, Miventure is built for the little guy. As long as you are 18 years old and have a U.S. bank account, you are able to invest on Miventure.
These lenient requirements are largely due to Regulation CF.
What is Regulation CF?
Regulation CF is a piece of legislature designed to make it easier for everyday investors to invest in private companies. If companies follow a set of requirements outlined by the SEC, they are able to accept investments from non-accredited investors. This eliminates one of the most significant hurdles between many investors and investing in startups.
Miventure structures all of their funding campaigns as Crowd SAFEs. These investment vehicles are compliant with Regulation CF, allowing investors of all sizes to participate.
How Does Miventure Work?
On the Miventure platform, investors are able to browse individual startups and invest as little as $25 into whichever they desire. This level of flexibility is rare for platforms that do not require investors to be accredited.
When browsing startups on the platform, there is a multitude of information available to investors to help them make an investing decision. From information on the investment terms, to the proposed use of the funds, to the business plan, investors are able to make a well-educated decision.
Additionally, all of the companies listed on Miventure record a short 1-2 minute video pitching their startup. This is certainly a unique selling point when compared with the other startup investing platforms. In this way, Miventure is quite similar to other crowdfunding platforms like kickstarter.
Once an investor settles on a company, they are able to decide how much they want to invest in the particular company. Then, you just sit tight and wait until the deadline is reached for the fundraising campaign.
If the company reaches their funding goal, congrats! You are now a partial owner of the company.
However, if the company does not reach their funding goal, then you will receive back your initial investment and the company will not be funded.
Many of Miventure’s features cause the platform to be particularly appealing for newer startup investors.
Miventure Educational Materials
As a platform built for beginners, Miventure offers a wealth of knowledge relating to startup investing. From basic information about startups, to more complex topics like fundraising structure, the Miventure educational resources are useful for investors at any stage.
Additionally, the platform lists many of the most popular and useful tools for founders and investors alike. So, if you’re looking to break into the world of startup investing, this is a great place to start.
For companies that aren’t quite sure if they want to pursue a crowdfunding campaign on Miventure, there is the Investor Launchpad. With the Investor Launchpad, companies are able to list themselves to gauge interest from investors.
Miventure users are able to indicate whether they would invest in the company were it to be listed on Miventure. Then, depending on the response, the company can choose whether to pursue a campaign.
An investor’s returns on Miventure will depend entirely on the performance of the companies they choose to invest in. Given the nature of startups, odds are that most companies will not be successful. In 2019, the failure rate for startups was 90%.
However, the reason that people invest in startups is that the upside potential can be quite large. For example, one of the current listings on Miventure is a company called Xliminal. This company is creating 3D real estate technology, similar to a company like Matterport.
Xliminal’s valuation cap is currently $5 million for investors on Miventure. Earlier this year, Matterport sold for $2.9 billion. Now it would certainly take many years and a significant amount of hard work for Xliminal to reach that size. However, if they were to do so, investors could potentially receive nearly a 1,000x return on their investment.
Odds are the company would fail long before then, but Miventure investors are getting in very early with many of these companies.
As a business itself, Miventure has to generate revenue. The platform does so primarily by charging fees. Specifically, there are three different fees that Miventure is able to charge. Some of these fees are charged to investors, while others are charged to the companies raising money on the platform.
The first fee on Miventure is a listing fee. The listing fee is a flat 7% and is charged to the company for listing on the platform. However, the listing fee is only charged if the company successfully meets their funding goal. If they fall short, there is no fee and all of the funds are returned to investors.
Next, Miventure may also acquire financial interest in the company raising money in exchange for a successful fundraise. This means that if a company is able to raise money on Miventure, the platform may also receive partial ownership in the company.
Last, investors may pay a small fee for payment processing. By investing sing a bank account, investors will encounter a 2% fee. If an investor decides to contribute to a company with a credit or debit card, the fee will be 3.75%.
Fortunately, companies as opposed to investors pay most of the fees on Miventure. This leads to a greater percentage of your investment working for you and ideally growing over time.
- Invest in purpose-driven startups
- Low minimum investment of $25
- Available to non-accredited investors
- Simple and streamlined signup process
- Each company has a 1-2 minute pitch video for you to watch
- Limited track record of successfully funded companies
- Most companies listed on the platform are brand new
- Generally lower likelihood of a liquidity event
Miventure Review: Final Thoughts
For smaller investors looking to dip their toes into the water of startups, Miventure may be a great option. With a low minimum investment and no accreditation requirement, the platform is well suited for beginners.
You’re also able to get much better feel for the founders on a personal level. This is thanks to the pitch video that each company records.
However, if you’re looking to invest in more well-known companies, you won’t find them here. Similar to many other crowdfunding platforms, most of the listed projects are brand new. As a result, they likely have minimal traction but significant room to run.
So if you’re considering your first startup investment, Miventure might be the perfect platform. With a seamless signup process and a wider variety of investments, there’s a good chance you find something that interests you.