Bolstr

  • FoundedMarch 2013
  • HeadquartersUnited States
  • FundingBetween $1 - $10 million
  • Sector-FocusSmall Business
  • Stage-FocusNot Applicable
  • SecuritiesRoyalty-Based

Snapshot

Bolstr was founded to provide Small Businesses with a simple fundraising tool that enables them to transform their network and community into a team of investors, and supporters.

Bolstr offers issuers two ways to raise funding on its platform.

  1. Bolstr Marketplace; or
  2. Bolstr Community (Friends & Family).

Bolstr MARKETPLACE

The Bolstr Marketplace is a highly curated selection of local businesses in Chicago that meet Bolstr’s investment criteria.

The Marketplace offers accredited investors the opportunity to invest in exciting local businesses, and earn healthy returns through monthly, revenue-based, payouts.

Local businesses accepted into the Marketplace are established, and are looking for an infusion of growth capital to scale. Businesses must have at least 1-2 years of historical revenue to be eligible to list on Bolstr Marketplace.

Bolstr COMMUNITY

Bolstr Community gives issuers the tools to raise investment capital from friends & family. Issuers must have prior relationships with investors who participate.

Deal Flow

The Bolstr Marketplace offers accredited investors the opportunity to invest in local businesses, and earn returns through monthly, revenue-based, payouts. The minimum investment size is dependent is set by the issuer and can be as little as $1,000.

Bolstr transactions are structured using a revenue sharing agreement. A revenue share is a simple contract that pays investors back, with a financial return, as the business generates revenue.

In exchange for an investors upfront investment, the business shares a percentage of their gross revenue, paid out on a monthly basis, until the investor achieves a predetermined Investment Multiple.

Fee Structure

For Investors

Investors pay no fees.

For Issuers

Issuers pay the following fees:

  • Listing Fee Nominal amount, depends which product the issuer choose, either the Marketplace or Friends & Family product.
  • Legal Fees Between $500 – $1,000
  • Regulatory Costs Other costs may include regulatory filing fees depending on where the investors in a campaign reside

Executive Team

Larry Baker

Co-Founder

Larry grew up on the coast of Maine, where he developed an affinity for entrepreneurship by working as a Lobsterman throughout his childhood. Prior to Co-Founding Bolstr, he received a B.S. in Finance from Bentley University. Following his freshman year at Bentley, he was accepted into JPMorgan’s Honors Program where he went on to complete three summer internships throughout undergrad within JPMorgan’s Equity Capital Markets Group, Energy Investment Banking Group, and the High Grade Debt Capital Markets Group. Post-graduation, Larry spent two years as an analyst in the Energy Group within JPMorgan’s Investment Banking Division located in New York. Subsequently, Baker joined LS Power, a New York based $4 Billion Private Equity Fund, where he spent two years in their mergers & acquisitions group focusing on clean tech and power & utilities transactions. Larry serves on the board of Marquis Studios, a New York City based non-profit that provides arts curriculum to inner city schools.

Charlie Tribbett

Co-Founder

Charlie grew up in the City of Chicago where he quickly developed an affinity for the countless local businesses around him.  Prior to Co-Founding Bolstr, he attended the University of Virginia (UVA) where he received a B.A. in History, and played on the Club Water Polo team.  After interning at JPMorgan he spent three years at Morgan Stanley in New York working in both the Investment Banking Division and Global Capital Markets.  Then he joined Macy’s and upon graduation from the Buying/Planning Executive Development Program was responsible for running a $14 million Men’s Sportswear business.  Charlie served as a Student Sponsors Program high school mentor in New York for four years, and has been a member of UVA’s Jefferson Scholars NY Area Selection Committee and UVA’s Ridley New York Scholarship Board.

Jon Kinney

CTO

Husband & father, Rails dev, sound engineer, hockey player, and movie geek are just a few of the ways Jon describes himself. Prior to joining Bolstr he created custom web applications for clients in both the insurance and health care spaces. Jon is a full stack web application developer with skills in test driven development, server configuration, production deployment and maintenance as well as project management, front-end coding, and design. An avid reader of technical books, when Jon isn't working on Bolstr, he's usually learning something new.

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