Frequently asked questions

General

  • What is Snowball Effect?

  • What is equity crowdfunding?

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

  • What is a share register?

  • How do I change my email address?

  • How do I change my rewards address?

  • How do I close my Snowball Effect account?

Investors

  • Who can invest in offers on Snowball Effect?

  • What are the benefits of Snowball Effect for investors?

  • What is the Snowball Effect investment process?

  • What happens if the minimum target is not reached?

  • Are these investments risky?

  • What protections are there from the risks of investing?

  • What are the fees for investors?

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

  • What due diligence does Snowball Effect do?

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

  • What is a shareholder agreement?

  • When will I get a return?

  • What rights do I have as a shareholder?

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

Companies

  • What are the benefits of online capital raising?

  • Is my company suitable for Snowball Effect?

  • What is the Snowball Effect funding process?

  • How much can my company raise through Snowball Effect?

  • Is there a minimum raise amount through Snowball Effect?

  • How long is the offer period?

  • Who is responsible for marketing and promoting my offer?

  • What happens once a successful offer has closed?

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

  • What happens if the minimum target is not reached?

  • Can I raise more than my minimum target?

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

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

  • Will my offer be accepted by Snowball Effect?

  • What is a shareholder agreement?

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

  • How do I manage dozens of investors?

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

  • Who can make an offer?

  • Can I invest in my own offer?