Policy Statement: The Equity for Discount Program is established to support early-stage startups by providing access to our services at a reduced monthly fee in exchange for 1.25% equity in their company. This policy outlines the eligibility requirements and application process for participation in the program.
Eligibility Requirements: To qualify for the Equity for Discount Program, startups must meet the following criteria: A valid 409A valuation must be completed within the last 12 months. The startup must have an active Crunchbase listing, which must include Opportunity Knocks as an investor. Startups operating in the medical industry are not eligible for this program. Agencies are excluded from participation, as are businesses generating more than 50% of their revenue through advertising. The owner of the startup must maintain a LinkedIn account and possess relevant experience in the industry pertaining to their business. Startups must commit to utilizing the service for a minimum period of three months. All required documents must be signed and countersigned to complete the enrollment process.
Application Process: Interested startups should submit an application along with the necessary supporting documentation, including the 409A valuation, Crunchbase profile, and proof of the owner’s qualifications. Upon submission, the applications will undergo a thorough review to verify compliance with the outlined eligibility criteria.
Approved startups will receive a formal agreement detailing the terms of the equity exchange and the conditions for service usage. Following this, an onboarding process will be initiated to facilitate integration with our services.
Compliance and Revocation: Participating startups must maintain compliance with all eligibility requirements throughout the duration of their participation in the program. Opportunity Knocks reserves the right to revoke access to the program if any criteria are not met.
For inquiries regarding this policy or the Equity for Discount Program, please contact the support team at support@itscoop.com.