Frequently Asked Questions

Top 5 asked questions

Your money is refunded, but not directly into your banking account. The money will remain in your personal account on Sprowd.com so you can use it to back another Pitch if you like. You can also give a cash back order to your banking account. In that case transaction costs will be deducted.

Your money will be transferred to a Sprowd.com third party trust account, controlled by a separate foundation. The money will remain there until the Funding Goal is reached. This certifies that in case of problems, your money can always be cashed back, without any loss (except transaction costs).

One Share will cost you 10 euros or dollars (depending on the Pitcher's chosen currency). This does not include transaction costs, which consist of fixed costs and a percentage. Check our Terms & conditions .

When a Funding Goal is reached, a legally binding Agreement between Pitcher and Believer will become effective and the money will be transferred to a new banking account initiated by our international banking partner. This means the Pitcher has an obligation by contract to pay out the predetermined percentage (Shares).
All this is controlled by a third party, our international accounting partner, which is situated in the country of the Pitcher. This party will certify the pay out and above all check all transactions made by the Pitcher.

TravelMessage is the legal entity under which 'Sprowd on Sprowd' operates for now. This is done to reduce our start-up thresholds. After Sprowd on Sprowd (when the funding goal has been reached) a new legal entity will be set-up for Sprowd itself. This entity will be monitored by our banking and accounting partners and has no relations with TravelMessage whatsoever.


Overall go up

Sprowd.com is a global crowdfunding platform which enables businesses and ideas to get funded in an easy (accessible) way. Pitchers, Believers, everybody benefits! Please check out the How it Works for more information.

A Pitch is a project, startup, business plan, new product, service or idea someone wants to turn into a thriving business. On Sprowd.com, a Pitch is registered so the necessary funding can be collected. When the project is published on our website, we call it a 'Pitch'.

A Pitcher is the person (or project leader of a group of persons) who has an idea (for starting up a business) and wants to pitch this on Sprowd.com to get funded through crowdfunding. He/she is responsible for the presentation on Sprowd.com, the communication with Believers and finally the execution of the project.

A Believer is the person who wishes to back a pitched idea (Pitch) on Sprowd.com. This is done by buying Shares of the Pitch. The Believer can also help the Pitcher by giving feedback and using his/her personal network opportunities.

Share is the participation in a Pitch. Believers can buy these Shares in an idea or business on Sprowd.com. It gives them the right to receive a predetermined percentage of the turnover (not profit, because the amount of profit can be influenced) of the start-up. This right is written down in a legally binding Agreement. One Believer may buy multiple Shares of a Pitch.

The Agreement as used on Sprowd.com is a standard mutual agreement between the Pitcher (and his/her future business) and the Believer in which the rights and obligations after reaching the Funding Goal are stated. This Agreement is shown to the Believer when buying a Share and to the Pitcher when pitching his Sprowd on Sprowd.com (please read it carefully!). At this time the Agreement has to be accepted in advance. When the Funding Goal is reached, all Believers and the Pitcher receive an automatically generated and digitally undersigned copy (pdf document) of this Agreement.

Yes it is. Off course information such as your (user)name is disclosed, and finally in the Agreement more information is shown, but information such as your bank account number will never be shown on our website.

It's your own responsibility to be careful which information you post in public areas, such as our forum. Please check our Privacy Policy for more information.

Please notify us at report@sprowd.com or our contact page. Include a description of what you saw and on which website location (url) you saw it. Please be as specific as possible. We'll take proper action within a reasonable period of time.

Also check the Terms & conditions

You might have forgotten your password and/or username. You can request to have this information sent to your e-mail address through our sign in module. It's also possible you've got a (temporarily) ban on Sprowd.com. You should have received a notification on this. Please contact us at info@sprowd.com for further information.

TravelMessage is the legal entity under which 'Sprowd on Sprowd' operates for now. This is done to reduce our start-up thresholds. After Sprowd on Sprowd (when the funding goal has been reached) a new legal entity will be set-up for Sprowd itself. This entity will be monitored by our banking and accounting partners and has no relations with TravelMessage whatsoever.

Believers go up

No, signing up and browsing through Sprowd.com is totally free. There are no hidden costs or other obligations whatsoever.

When a Funding Goal is reached, a legally binding Agreement between Pitcher and Believer will become effective and the money will be transferred to a new banking account initiated by our international banking partner. This means the Pitcher has an obligation by contract to pay out the predetermined percentage (Shares).
All this is controlled by a third party, our international accounting partner, which is situated in the country of the Pitcher. This party will certify the pay out and above all check all transactions made by the Pitcher.

Your money is refunded, but not directly into your banking account. The money will remain in your personal account on Sprowd.com so you can use it to back another Pitch if you like. You can also give a cash back order to your banking account. In that case transaction costs will be deducted.

In the unfortunate event a Pitch is not successful when launched, nothing happens. The raised funds are used to start the Pitch but when no turnover is generated, there is nothing to return to the Believers.
Although we hope every Sprowd is successful after launch, Sprowd.com has no influence on the course of the new startup.

Your money will be transferred to a Sprowd.com third party trust account, controlled by a separate foundation. The money will remain there until the Funding Goal is reached. This certifies that in case of problems, your money can always be cashed back, without any loss (except transaction costs).

No. Once you support a Pitcher by buying Shares, you cannot retract your funding. A Pitcher needs to be able to build upon funding he has already received.

This is explicitly prohibited! Only the Pitcher may suggest a buyout, once a year.
It is also possible to terminate the Agreement at any time if you like so. Then you'll get nothing in return. Check the Agreement for more detailed information.

This may be different per country. Please ask your local tax office.

No you don't. Shares aren't stocks so you're not a shareholder. But you always have the opportunity to provide the Pitcher with some good advice!

On the Pitch page, Believers and other users can leave messages using the inner circle. This way people can give advice, suggestions or help otherwise so that the Pitcher has the best chance of succeeding when starting his Pitch.

When a Pitch has the New Venture quality mark, this means the business plan has been checked and approved by New Venture, a renowned Dutch start-up helping initiative of well known international companies and organizations like McKinsey & Company, ING, Sara Lee and the Dutch Ministry of Economic Affairs. The mark states that the business plan and Pitcher have been thoroughly checked and the startup is promising to say the least.

One Share will cost you 10 euros or dollars (depending on the Pitcher's chosen currency). This does not include transaction costs, which consist of fixed costs and a percentage. Check our Terms & conditions .

There's no limit to the amount of Shares you can buy, so feel free to buy all the Shares you want. Note that when paying through iDeal, your transaction is maxed at 10,000 Euros.

Yes it is. The accounting party of the Pitcher has the contact information of all Believers in a specific Pitch. Through this party an official warning can be stated on behalf of every Believer. After this legal actions are possible.

The online community on Sprowd.com can also help out, for example to assign a representative who will act in name of all Believers. Sprowd.com has no responsibility concerning this.

Unfortunately we don't have full insight in all aspects of payments. Please contact our online payment partner or your bank for more information on this.

On Sprowd.com, you can pay using either euro's or dollars. There is no exchange of currency. Shares that are paid in euro's will pay out in euro's. The same goes for dollars.

Pitchers go up

No, signing up an browsing through Sprowd.com is totally free. There are no hidden costs or other obligations whatsoever.

The payout is different for each Pitch and is determined by the Pitcher. The calculation is based on the Pitcher's estimate of the expected turnover over the first five years and the percentage of this turnover the Pitcher has committed to give to his/her Believers. The amount of Shares the Believer bought will finally determine how much the Believer gets in return.

No. Creating and pitching your Pitch is free of charge. There are no hidden costs or other obligations whatsoever.

Not everything. When you've entered all essential information, you publish the Pitch to start raising funds. After publication, it's not possible to change this information (e.g. amount of money needed, estimated turnover, etc.). However, you can give updates and show the progress you make regarding your idea or business. You can also post comments or react to comments of Believers.

No. Believers buy Shares because they believe in your business plan. If you are successful, both you and the Believers profit. If you aren't, you are not 'punished' for it. In the end, Believers take a chance which could be profitable for them, but the risk is also theirs.

We'd hate to see that happen! But if it does, the agreement is terminated. This means you have no more obligations towards Believers. However, if a second beginning is made to restart the business, the Agreement will remain.

It might be. Every original work you write or create otherwise is protected by copyright and thus your intellectual property. This means only you may distribute, adapt and copy it. Everyone who does this without your permission is in violation of (international) legislation, but please be careful with which information you share to the outside world.

In some cases it's important to prove you've come up with an idea first. To proof this you can register your idea. Sprowd.com doesn't facilitate this process yet, but will in the near future. Besides that, it's our belief that ideas are best protected when launched quickly and backed by a lot of people. We strive to make Sprowd.com the best possible platform to bring your business plan to market the quickest possible way.

The necessary information is required at registration of the Pitch. When registering, you will be guided through the process. This information consists of the expected turnover in the first five years, among other things.
If you want to show more it's always possible to attach files (such as pictures or videos) to your Pitch or link to other websites.

Our global partners will get in touch with you within a week. Our partners will convoy you in setting up and maintaining your business and controlling your cash flows.

  • ABN AMRO/Royal Bank of Scotland (RBS) sets up your bank account
  • BDO sets up your business structure and performs quarterly audits

Off course you are allowed to continue using the Sprowd.com platform to communicate with your Believers.

Unfortunately, nothing will happen. You can always try again and maybe make adjustments, pick up missed opportunities, use better promotion, or come up with a completely new business plan. Believers will get their money back in their personal Sprowd.com account.

No, this would not be fair to the Believers who already co-funded your project. So when you launch your Pitch, be aware you've committed yourself to great responsibilities which can't be undone.

No, when you pitch your business plan on Sprowd.com, our platform is the only funding platform you can use. You can of course try to get the investors to fund your project via Sprowd.

As a Pitcher you can choose whatever deadline you'd like. The only restriction: the total duration can't be over a year. This restriction makes sure Pitches don't wait 'forever' to complete funding.

No, when launched, your business plan becomes 'solid as a rock'. No changes can be made after launch, so we advise to double-check your business plan before launching. This doesn't mean you can't provide additional updates to your Pitch, but the essentials must remain the same.

This may be different per country, but generally you won't pay taxes on your received fundings through Sprowd.com. When your Pitch, and thus your money making business, is launched you are obliged to pay taxes. Please contact your BDO account manager or local tax department for more information.

The advantages of using the Sprowd platform are various:

  • You will build a valuable business network right from the start
  • Sprowd.com could easily be the fastest way to get in business
  • You'll get valuable Believer feedback
  • Your business name could become a household name even before you started!
  • The investors risk can be spread over a lot of people
  • No financial obligations if the project fails

Yes, you'll yearly pay them a predefined part of the turnover of your future business. Check the Agreement for more detailed information.

In theory you'll pay them as long as your business will exist. It is possible to buy out all Believers after each fiscal year. More on this is stated in the Agreement.

No. We think everybody should be able to support good ideas, and be able to profit from them.

Serious Crowdfunding

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