Campaign upsize and extension due to strong demand from community
Dear Linen community members and investors:
We could not imagine that this campaign would reach the maximum of $500,000 raised in less than 5 days. Nothing gives us more confidence in what we do than our users and community members investing in us. Thanks to all of you who participated!
What did not go so well?
The campaign did not accept wire transfers and cards as payment methods. This precluded international community members and investors from participating in the campaign. The Republic team was working hard to get these payment methods up and running, but unfortunately could not do it on time.
Next steps
We are going to increase the size of this offering to accommodate as many Linen and Republic community members as we possibly can. Hopefully, by the launch of the campaign extension, the Republic team can sort out the payment issues to accommodate our international investors.
In the meantime, please add yourself to the waiting list and specify your desired investment amount to get your allocation once we reopen.
While the rest of the team was heads down working on the app, I fully dedicated myself to investor communications to make sure all your questions on the discussion board were answered in a timely manner. This industry is very technical and novel use cases may seem like Sci-Fi. I encourage you to continue posting your questions and I will answer them.
Truly yours,
Vitaly, CEO and co-founder of Linen