Investment Proposals

The vast majority of proposals put before Own.fund members will relate to potential investments. As the fund is member managed and directed, all members will be free to propose an investment following a reasonable period of their own evaluation. While a project may wish to appeal directly to the fund for investment, it is necessary that they first receive the backing of a member. This member would then work with them on an Investment Proposal and potentially facilitate their participation in a fund call in order to present their offering.

Investment Proposal Document

An Investment Proposal constitutes approximately one page of details summarizing the project to be invested in, its value proposition, the anticipated outcomes and timescales of an investment. It would also state a realistic set of terms for the investment, as well as by what means those terms would be achieved. These points can be summarized as follows:

• Project name and contact information (allowing members to do their own due diligence)

• Project description

• Existing investors, amount of equity already assigned, etc.

• Incorporation information (including Articles of Incorporation)

• Project smart contract addresses

• Terms of the proposed investment

Though providing a reasonable summary, an Investment Proposal document serves primarily as an introduction to the proposal and does not constitute it in its entirety. It will, however, be kept as a record of the fund's activities.

Investment Call

The primary forum for presenting an investment opportunity will be one of the regular fund calls attended by as many Own.fund members as possible. The writer of the proposal will be expected to present the information contained therein along with any additional pertinent information. This presentation could be done in collaboration with the project to be invested in itself. Once this pitch is complete, fund members will then have the opportunity to ask any questions or raise any concerns they may have regarding the investment or its terms. Similarly to how Investment Proposal documents are kept as records, the minutes of these calls will also be kept by the fund in order to allow it's members to refer back to them.

If, following feedback from the call, the proposer wishes to move to actuate an investment, they would then be free to request that the textual proposal (following any necessary amendments) be put a vote on-chain.