MyMiniFactory recently launched a very interesting crowdfunding campaign, but it’s quite unlike others we’ve seen in the 3D print world.
While most 3D print ventures use Kickstarter, Indiegogo or similar platforms to launch their products by means of pre-ordering products, the MyMiniFactory campaign uses Seedrs, a platform for selling equity in a company.
Yes, that’s right - they’re selling shares of the company to the public via Seedrs. In this case, they’re attempting to raise £500,000 (USD$758,000) by selling 5% of their company. This implies, through simple arithmetic, that they believe MyMiniFactory is worth £9,439,890, or USD$14,319,841!
You might be surprised to see a number that high, but the folks at MyMiniFactory believe in their approach, which is quite unique among independent 3D print ventures. They provide a variety of services to 3D print users, all focused on making them more successful. Recently we visited their site and saw the extent of their operations.
This amount of cash will be used to further develop their operations and marketing efforts, and should enable the company to grow.
As of this writing, their campaign has raised over 70% of their target total, proving that many people do believe in their vision. In fact, there’s near 150 investors so far, meaning their average investment is around £2,400 (USD$3,650). However, an inspection of their investor list reveals the top investor is what appears to be an investment company from Luxembourg who have invested a massive £225,000 (USD$341,000), which is well over half of the total collected so far. Most investors have pitched in a few hundred dollars or more, the median lying around £100 (USD$150).
The variation in individual investor amounts don’t really matter in this case; it’s the total that counts. That total is coming close to validating MyMiniFactory’s own valuation of their company’s worth.
And it’s a very large number for a company that doesn’t sell 3D printers.
If you’d like to get a piece of MyMiniFactory, please hit the link below. You have another two months before the offering closes, but they may hit their total before then. However, note the following disclaimer from the site:
In accordance with Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), the securities described in this campaign have not been registered under section 5 of the Securities Act. The securities therefore may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities are registered under the Securities Act or are exempt from registration under the Securities Act.