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Mar 22
2021

The Creator-Owner Economy: Gumroad’s "IPO"

Hey all,

I wrote a post reflecting on our Regulation Crowdfunding round. I would love your thoughts and your help spreading the word. Not just to help Gumroad grow, but to usher in an era of community and customer-funded startups ASAP.

https://sahillavingia.com/ipo

I also addressed "How can I help?" at the very bottom, for all you "value-add" investors. :)

Best,

Sahil

Profile picture of Sahil Lavingia
Sahil Lavingia
Gumroad
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Profile picture of Christopher Telles
Christopher Telles
5 years ago
Sahil, you mentioned this was a “limited IPO” then later liquidity will be available through a secondary market and end with opening up liquidity on the day Gumroad is eligible.

I would like to understand this better. Do you mean to imply Gumroad will go public through an IPO or a direct listing?

Appreciate your time. Cheers
4 likes Reply
Profile picture of Mercy Abang
Mercy Abang
5 years ago
It was an interesting read Sahil, thank you for sharing . I am also optimistic about the IPO LIQUIDITY ..
0 Like Reply
Profile picture of XIANGDONG ZHAO
XIANGDONG ZHAO
5 years ago
I newly registered on the Republic website, and when I saw Gumroad crowdfunding, everything was over. What I don’t want to see now is that I can only be added to the waiting list. "More and more people are looking for feasible ways to create a life they like. While taking advantage of this new market, Gumroad can be well positioned to educate, connect and help creators sell more works. Gumroad is an economic gift Rights and education.” That’s why I invested in Gumroad. I am very optimistic about Gumroad.
2 likes Reply
Profile picture of Gabriel Bruzzi
Gabriel Bruzzi @xiangdong-zhao looks open to invest now!
5 years ago
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5 years ago
Profile picture of Gabriel Bruzzi
Gabriel Bruzzi @xiangdong-zhao Sorry BUT it does say SOLD out. I got in from going on waitlist. Good luck!
5 years ago
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5 years ago
Profile picture of Dan Mecchi
Dan Mecchi @xiangdong-zhao Agreed. On the waitlist... Hoping to hear some good news soon. I, too was a bit late. And am hopeful for the opportunity.
5 years ago
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5 years ago
Profile picture of Anil George
Anil George
5 years ago
Looks like I am late to the party. Hoping the waitlist moves forward.
Rooting for the new era of community-developed and customer-funded startups.
4 likes Reply
Profile picture of Ronald Dilks
Ronald Dilks
5 years ago
I just came aboard as an investor, Sahil, and am looking forward to the journey. I think it will be a commercially successful one..!! Good fortune to you and your team..!!
2 likes Reply
Profile picture of Martin Brenner
Martin Brenner
5 years ago
Hi Sahil
I read your journey and am impressed of how you are doing business and live your life.
I was looking around on how to publish an e-book and came across your platform here on Republic. I was a little late for investing and am now on the waitlist, who knows I might be an investor and a client because the features and versatility I have seen on your platform is everything I need!
1 like Reply
Profile picture of Nilanjan Basu
Nilanjan Basu
5 years ago
Hi Sahil, congrats on the fundraise. I have been following your company since 2013 when I graduated from college and applied for a backend SWE position.

I read that accredited investors might still be able to invest. How do I find more information about that? I would love to invest since I missed it here this time.
1 like Reply
Profile picture of Mohamed El-Shinnawy
Mohamed El-Shinnawy
5 years ago
Looking forward to joining your journey Sahil, super excited!
1 like Reply
Profile picture of Eric Butcher
Eric Butcher
5 years ago
Thanks Sahil. I’ve been supporting Gumroad as customer for a couple years now. Super excited to join the next round.
1 like Reply
Profile picture of Kenneth Gerber
Kenneth Gerber
5 years ago
I’m on your “ Waitlist”.
Are you or are you not going for another round ?
It’s been suggested that Gumroad may seek another million, upping it from five to six million.
I’m in limbo with a potential $1000.00 investment that could be invested elsewhere if you’re not going to going to raise it another million dollars.
I also have no idea where I sit in respect to the waitlist.
Please advise.
With Regards,
Kenneth Gerber
1 like Reply
Profile picture of Jacob Madsen
Jacob Madsen @kenneth-gerber $5million is the cap for regCF raises in a single year. If you are an accredited investor their might be a tandem 503(c) private round happening in conjunction with the regCF effort.
(I am not a financial advisor of broker dealer.)
5 years ago
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5 years ago
Profile picture of Blossom Toussaint
Blossom Toussaint
5 years ago
I want to invest in Gumroad
0 Like Reply
Profile picture of Aman Agarwal
Aman Agarwal
5 years ago
Absolutely loved this note. So stoked for Gumroad and others that follow this path!
0 Like Reply
Profile picture of Thomas Holmes
Thomas Holmes
5 years ago
Outstanding work, Sahil. Looking forward to joining. Missed this one, will be on the lookout for the next opportunity.
0 Like Reply
Profile picture of Alvin Lawler
Alvin Lawler
5 years ago
Outstanding work, Sahil. Looking forward to continued growth and success for Gumroad.
0 Like Reply
Profile picture of Dorrian Porter
Dorrian Porter
5 years ago
Thank you Sahil (and separately Arlan) for the leadership on this!
1 like Reply
Profile picture of Edward Laux
Edward Laux
5 years ago
Any chance of reopening this round?
1 like Reply
Profile picture of Mohammad Haider
Mohammad Haider
5 years ago
Definitely the very best way celebrating new CF sold 5M out within 24 hours. I wanted to invest more but max investing amount limited to $1000 was the bottleneck for me. Will wait for next round. keep rolling all the great work.
1 like Reply
Profile picture of Arron Watson
Arron Watson
5 years ago
Great work, Sahil. Looking forward to continued growth and success for Gumroad.
0 Like Reply
Profile picture of Jonathan Hope
Jonathan Hope
5 years ago
Loved it. Sounds like it was a windy road but you came out on top.

Respect
0 Like Reply
Profile picture of Fumani Mnisi
Fumani Mnisi
5 years ago
Thanks Sahil. Cannot wait for the next round. Missed this one, will spread the word and be on the lookout for new alert.
0 Like Reply
Profile picture of Kenneth Gerber
Kenneth Gerber Why are people indicating they missed the first round,and therefore out of the loop ? I’m on a waitlist as Gumroad “implied” there may be another round for another million.
Did I miss something ? @khalfani-khalfani
5 years ago
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5 years ago
Profile picture of Satish Malnaik
Satish Malnaik @kenneth-gerber The waitlist is only just in case any of the original committed 7k+ investors ($5M reg CF raise max) choose to cancel their commitment before close (April 16?). In Gumroad's case, they have already reached their goal much earlier than the required deadline. The additional million appears to have been raised from other accredited sources (see below).

Per Sahil's post, Gumroad raised $5M in 12 hours, from 7,303 investors. Separately, they raised $1M from Naval Ravikant, Jason Fried, and others, bringing the total amount raised to $6M.
5 years ago
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5 years ago
Profile picture of Kim Bech-Dittrich
Kim Bech-Dittrich Hmm.. my investment was accepted (on 15th of March), and today (23rd of March) cancelled, because I (apparently) did not provide the required documents in the correct format. I didn't receive a notification about this until now. And I am not able to reinvest as the list is closed.. So it seems my only option is to get on the waiting list, but without clear communication about what exactly was not ok about the identification documents I provided (pictures of my ID, as requested) - What did I miss here? Is the investment option only for US? (I'm Belgian, residing in Germany)
5 years ago
0 Like
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5 years ago
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