Your Questions, Our Answers
What is a Mini-IPO?
The “Mini-IPO” is a media term that is used for Regulation A+. It’s a new US securities regulation that makes it legal for the general public to invest in a private growth-stage company before the company’s stocks are publicly traded.
Here’s what usually happened before the new law existed: Only rich people who had a net worth of $1 million or an annual salary of over $200,000 were allowed to invest in early stage companies. Then the companies would grow until they registered with the SEC to make an IPO and the stock started being publicly traded. So everyone else only got the opportunity to invest once the company growth had slowed down. That’s why rich people (early investors) could make much more money than the less-rich people (late investors), although they could lost it all too.
But now with Reg A+ (Mini-IPO), you do not need to be rich to invest. You just need to commit to not invest more than 10% of your annual income or net worth. Everyone can invest.
What will I need to complete my investment in Sagoon?
To make an investment, you will need the following information ready:
- Personal information such as your current address, phone and email address
- Net worth and income information
- Your own bank account information and/or your own credit card information
What steps have I to follow to buy Sagoon’s shares online?
It’s s a very simple process. It should take no more than 3 to 5 minutes to complete the investment:
- Read the Offering Circular
- Click the INVEST NOW button
- Fill out the form with your information
Select the payment method:
- Credit Card or Debit Card
- ACH or Check (if you have an account in any of the US banks)
- Wire (All international investors)
Please note: All international investors can invest by selecting Credit or Debit Card, or the “Wire” option. If you select the “Wire” option, you will receive an email with escrow account information. You have to print the escrow account and subscription agreement and go to your bank. The banker will help you to wire (money transfer) to the escrow account.
How much can I invest in Sagoon? Are there any investors’ rewards?
Minimum investment required is $1000. If you are a non-accredited investor, you will be subject to limitations depending on your income and new worth; if you are an accredited investor, there is no limit. Please check the investors’ rewards in our Offering Circular.
How do I keep track of my shares?
Our transfer agent, Computershare, will keep track of your shares. Once your investment is confirmed, you will receive an email with instructions on how to access your shares.
Can I pay with my Credit/Debit Card, or by Check?
Yes, we accept MasterCard, Visa and Discover. We also accept debit cards with the logo of either MasterCard or Visa. Regarding investing via checks, we only accept checks from accounts with US Banks.
How can I track my investment in future?
- When you complete the investment process, you will receive confirmation of your investment
- After that, our transfer agent will keep records of your investment. You or your representatives will be able to contact the transfer agent
- You will be able to sell your shares whenever you wish, if you find a buyer for them
- If Sagoon Inc. seeks a listing or quotation on a securities exchange or market, a more liquid market will develop
Do you distribute dividends from your annual profit?
Shareholders of common stock are entitled to receive dividends, as may be declared from time to time by the directors out of legally available funds. The company has never declared or paid cash dividends on any of its capital stock and currently doesn’t anticipate paying any cash dividends after this offering or in the foreseeable future.
Why should I invest in Sagoon?
Our founders left everything behind and setup a vision to make this world a better place to live. They worked day and night to develop products they envisioned, build a team and expand their business to different markets. They need funds to achieve their goal, which is to make Sagoon one of the most successful companies. If you believe in their vision, we encourage you to invest and potentially receive huge financial rewards.
How much will I earn if I invest?
There is no guarantee that you will get returns. Investing in a startup company is risky.
Why doesn't Sagoon have a mobile application?
More than 18 developers are working hard for the last 7 months to develop a mobile app. We anticipate launching it by October 2017. Read our Offering Circular to learn more about the risks and challenges involved.
Why is the share price of Sagoon higher than its competitors?
Our share price has been decided internally and was not set by reference to any trading markets.
What is the current status of Sagoon?
We have 3 offices from where we perform our operations - US, Nepal and India. A total of 40 full-time team members work in these offices. We have 3 upcoming products that we intend to launch by 2018.
Why did Sagoon choose to operate in India only?
As we explain in our offering circular, we perform our operations in US, Nepal and India. However, we are heavily focusing on India due to the following 5 reasons:
- We believe India is becoming the next Silicon Valley after the United States
- India abounds in IT talent, which means a startup can find the best talent, within its budget
- India’s policies and regulations favor startups and are entrepreneur friendly
- Indian market offers businesses the huge potential to grow
- International money is pouring into India to encourage IT entrepreneurs for innovation
How can I invest in a US company?
Everyone can invest online in Sagoon, a US company, by completing a simple investment form.
Why is the minimum investment amount $1000?
Third party fees, administration cost and bankers’ fees are high. Thus, with a low minimum investment amount, most of the money will go to cover processing costs and Sagoon will get less investment.
What are the risks involved with investing in Sagoon?
Please visit our Offering Circular to learn more about the risks involved.
How are you going to use the capital raised?
We will use it to expand the team and office space, launch the new products and reach out to different markets. Please read more about this in our Offering Circular.
Why does your balance sheet show a loss in the previous and current years?
Presently, we are not generating any profit. Our operations are funded by investors’ money.
When will Sagoon generate revenue and how?
Please visit our offering materials to learn more.
How much can I invest?
If you are an accredited investor, there is no limit. If you are not in any of these categories, you are not allowed to invest more than 10% of your income and net worth. Please read more about this in our Offering Circular.
What is the class of shares and why are you offering Class C only?
A company can create any class of shares, such as A, B, C or D classes, which may have different rights. Our Class C shares are 1/10 voting.
How will I be able to sell my shares and get liquidity for my investment?
Your shares can be freely sold, if you find a buyer for them. While we intend to seek a listing or quotation on a stock exchange or market in the future, there can be no guarantee that we will succeed in doing so in the short terms or ever. These shares are illiquid, as we discuss in the risk factors in our Offering Circular. Please read more about this in our offering circular. Investing in a startup company is very risky. You should not invest more than what you can afford to lose.