Republic Republic Republic
  • Log in
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Secondary market Buy and sell Republic Note Own a piece of Republic's upside Investor Network Membership Receive exclusive discounts and benefits
Republic Venture Opportunities for accredited investors
Republic Capital Multi-stage venture firm Republic Digital Crypto hedge fund
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain Asset management Explore digital asset funds
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Log in Sign up

Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US
  • Log in
  • Sign up
All investors
Primary market Live deals Secondary market Buy and sell Republic Note Own a piece of Republic's upside Investor Network Membership Receive exclusive discounts and benefits
Accredited only
Republic Venture Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm Republic Digital Crypto hedge fund
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Spotlight deal
GVNR
GVNR
GVNR Protocol is the next evolution in cross-chain infrastructure for Web3, unlocking 3T$ of value.
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets
Sharedrops Gift equity as a reward
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain Asset management Explore digital asset funds
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Gumroad:

$5M raised in 12 hours

How Sahil Lavingia launched an offering that sold out in 12 hours

Investors
7,303
Raised
$5M
Time
12 hr
About the company

Gumroad: empowering creators in the online economy

The easy-to-use platform makes it simple for any creator to start their own ecommerce business. Gumroad handles product + checkout pages, payment processing, and customer management. Their 74k+ creators have earned over $390M on the platform. The founder Sahil Lavingia is a known tech influencer with 124k followers.

Founders
Sahil Lavingia

Data as of 12/31/2021

Business model
B2C
Sector
Ecommerce, Creator economy
Website
gumroad.com
About the founder

Sahil Lavingia

Prior to founding Gumroad, Lavingia dropped out of USC to become Pinterest's second employee as a front-end and back-end developer. He designed and built the first Pinterest app before ending his journey to start his own business at only 19 years old. Author of “The Minimalist Entrepreneur'', Lavingia was one of the first entrepreneurs to test the new rules of the SEC and expand the crowdfunding limit for a startup from $1M to $5M.

March 2021

A campaign that made history

Founder Sahil Lavingia was warned that being the first entrepreneur to test the SEC’s new rules limit of $5 million was a risky move. Nevertheless, on March 15, 2021, Gumroad made history by selling out their Reg CF campaign on Republic in less than 12 hours.

The $5M raise attracted 7,303 investors and a waitlist of over 1,000 more. Gumroad’s backers—which included nearly 2,300 Gumroad creators—invested an average of $679, with 48% investing the maximum amount, and 18% the minimum.

Sahil’s network of experienced and influential entrepreneurs and investors also participated, many contributing the maximum of $1,000. 

Investing alongside top VCs

Alongside Sahil’s supporters and the Republic community, the campaign attracted top names in the venture world.

SV Angel
Also invested in Airbnb and Uber
Max Levchin
Co-founder and former CTO of PayPal
Naval Ravikant
Google's Brand Accelerator Program
First Round Capital
Prior investor
Jason Fried
Co-founder and CEO of Basecamp

Why they invested

As $5M poured in throughout the day, Gumroad's investors shared exactly why they decided to invest. Some lifelong supporters of Sahil, as well as long time customers of Gumroad decided to invest back into the platform that gave them the freedom in the creator economy.

Scroll through the reviews below 

Jeff Miracola

Invested $10,000

As a Gumroad creator since 2015, I'm a big fan of everything Sahil and the rest of the Gumroad team are doing to help creators like myself by creating an amazing website with an ever-expanding list of tools and functionality to help us grow our businesses. So I'm thrilled to invest in a company I truly believe in.

Raul Popadineți

Invested $1,000

At the beginning of 2021, I became a Gumroad creator. I've been following Sahil for over a year now. Last month, I took his Minimalist Entrepreneur course and understood better the way he thinks about his business and how he runs it. Gumroad has the potential to become a billion dollar company thanks to its creators.

Razvan Marescu

Invested $1,000

I've been following Sahil for a while, participated in his first The Minimalist Entrepreneur cohort course, and I believe in his vision and creator economy. Arming the rebels the right way™


4 months later

Gumroad announces
rapid growth

Just a few months after raising their $5M on Republic, Gumroad’s growth skyrocketed. In Q1 of 2022 they reported:

GMV
+30%
$185,482,505
Revenue
+18%
$10,982,223
Gross profit
+22%
$3,960,388
Yearly GMV

Invest now

Browse current investment opportunities on Republic.

All companies are vetted & pass due diligence.

Explore deals
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Instruments
  • Crowd SAFE
  • Tokenized assets
Company
  • About
  • Journal
  • Events
  • Contact
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

All related securities activity is conducted by OpenDeal Broker LLC a registered broker-dealer, Member of FINRA and SiPC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, located at 149 5th Avenue, 10th Floor, New York, NY 10010. Please check our background on FINRA’s BrokerCheck.

Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site, or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value including the total loss of invested capital, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, who understand the risks of early-stage investment and who meet the Republic's investment criteria may invest. Investors may be restricted to only Accredited Investors or non-U.S. persons, to invest in offerings hosted by OpenDeal Broker. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees make any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BankProv, member FDIC / member DIF. FDIC coverage only applies in the event of bank failure. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BankProv and are not guaranteed by BankProv. Terms and conditions apply.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC