Frequently asked questions

Crowdsourced questions

General

  • 1. What is Snowball Effect?

  • 2. What is equity crowdfunding?

  • 3. Is Snowball Effect licensed and regulated by the Financial Markets Authority?

  • 4. What is a share register?

Investors

  • 1. Who can invest in offers on Snowball Effect?

  • 2. What are the benefits of Snowball Effect for investors?

  • 3. What is the Snowball Effect investment process?

  • 4. What happens if the minimum target is not reached?

  • 5. Are these investments risky?

  • 6. What protections are there from the risks of investing?

  • 7. What are the fees for investors?

  • 8. Do you need to be a New Zealand citizen or permanent resident to invest?

  • 9. What due diligence does Snowball Effect do?

  • 10. Liquidity - How do I sell my shares after I have invested?

  • 11. What is a shareholder agreement?

  • 12. When will I get a return?

  • 13. What rights do I have as a shareholder?

  • 14. What should I do if I have a problem or complaint with Snowball Effect?

Companies

  • 1. What are the benefits of online capital raising?

  • 2. Is my company suitable for Snowball Effect?

  • 3. What is the Snowball Effect funding process?

  • 4. How much can my company raise through Snowball Effect?

  • 5. Is there a minimum raise amount through Snowball Effect?

  • 6. How long is the offer period?

  • 7. Who is responsible for marketing and promoting my offer?

  • 8. What happens once a successful offer has closed?

  • 9. How long will it take to get my offer live and for me to receive the funds?

  • 10. What happens if the minimum target is not reached?

  • 11. Can I raise more than my minimum target?

  • 12. How much will raising funds through Snowball Effect cost my company?

  • 13. What is the Takeovers Code and will it apply to my company?

  • 14. Will my offer be accepted by Snowball Effect?

  • 15. What is a shareholder agreement?

  • 16. Does Snowball Effect have partners to help me develop my offer?

  • 17. How do I manage dozens of investors?

  • 18. How much impact will having hundreds of shareholders have on my company?

  • 19. Who can make an offer?

  • 20. Can I invest in my own offer?