We recently launched Localstake to help connect businesses looking for capital with local investors. We came up with the idea for Localstake back in 2010. At that time, we were all working in the financial services industry- two of us at a large Wall Street firm doing high net-worth investor management and the other working for a regional investment bank. So how did we go from our traditional Wall Street style jobs to starting Localstake? There were a few gut checks along … Read More
People enjoy supporting their community. Plain and simple. When you eat local food, you’re helping local farmers and restaurants. When you buy from a local retailer, your money stays in the community. In a time of massive globalization, there is a strong push for local. So what else can we do to help support our community? Invest local. Let’s take a look at some of the potential benefits: Value added investing – Local investors provide value added capital to the businesses they invest … Read More
One of our favorite questions to ask a business, is how they came up with their name. We have spoken with many businesses and the stories behind their name can be quite interesting. In fact, it can tell you a lot about the founder’s passion, creativity, and the reason why they started the business. With that said, we thought we would tell everyone more about how we came up with the name Localstake. The name Localstake can be broken … Read More
We are excited to announce an exclusive partnership with Lemonade Day of Greater Indianapolis. Through the partnership, investors on Localstake will have the opportunity to support youth entrepreneurship and financial literacy. While we don’t normally work with non-profit organizations to raise funds, we decided to make an exception for the Lemonade Day of Greater Indianapolis. Brought to Indianapolis by local entrepreneur, Scott Jones, in 2010, Lemonade Day is a unique program that teaches kids how to start, own, and operate … Read More
A common question we get asked is whether or not companies are screened before being listed on Localstake. The answer: Yes, all companies must go through a rigorous due diligence process before they can raise capital on Localstake. After we receive an application from a company to raise capital, we have a conversation with the company owner(s) to see if it is an opportunity we should pursue further. This initial conversation eliminates many of the companies that are not ready … Read More