How MSSX works
Local businesses raise in steps. You pick which to back.
The whole picture in about six minutes: how raises work, where your money waits, how you get paid, how to sell, and what can go wrong.
1 · The lifecycle
Idea to public, one stage at a time
Crowdfunding carries rewards pre-sales only. Every securities raise, from a first SAFE to a mezzanine note, runs on Series Raise. Listed shares and notes trade on the Stock Market and Notes Market.
Stage 1 · Crowdfunding · Series Raise
Back the idea before it exists
Owners test demand with rewards pre-sales on Crowdfunding, then take first securities money on Series Raise through SAFEs, co-op shares and direct public offerings.
Risk: Highest. Most early companies never reach revenue.
What you can invest in
- SAFEs & ConvertiblesConversion upside
- Co-op Shares & DPOsPatronage + dividends
2 · Milestone raises and escrow
Money moves only when a milestone closes
Owners set a raise schedule: a target and deadline for each milestone. Investors back one step at a time, and owners show progress before the next round opens.
Commit
Pick an amount and sign the subscription. Nothing is charged to the business yet.
Escrow
Money goes to an independent escrow agent, not to the business, and waits for the deadline.
Cancel window
Change your mind for any reason up to 48 hours before the deadline.
Close or refund
Target met: money is released and securities are issued. Missed: every investor is refunded.
3 · How you get paid
Three ways money comes back
Payments land in your MSSX cash balance. Nothing is promised: payments depend on how the business does. Examples below are illustrations.
A slice of sales, up to a cap
Each month you get a fixed percent of revenue until you've received a set multiple of what you put in.
A fixed coupon on a schedule
Lend to the business at a stated rate. Interest is paid on a schedule and principal comes back at maturity.
Dividends and growth
Own part of the company. Earn when the board declares a dividend, and when the share price grows.
How MSSX is paid: a subscription, not a cut
Companies and investors each pay a flat subscription for platform access. No commissions on trades, no percentage of raises, no transaction fees. Our incentive is a platform worth staying on, not volume.
4 · Selling
Two markets, once the hold ends
Securities from a Reg CF raise generally can't be resold for 12 months. After that, you can look for a buyer on MSSX. A buyer at your price is never certain.
Notes Market
Sell revenue shares and notes
Notes trade like small bonds, priced per $100 of principal. Buyers see the payment history and what's left until the cap or maturity.
Stock Market
Trade shares of listed companies
Companies that meet listing standards trade during market hours. New listings open with auctions, then move to continuous trading once volume builds.
5 · Risks
What can go wrong, in plain words
If we can't explain a risk simply, we don't list the investment.
You can lose everything
Most small businesses face real risk of failure. Only invest money you can afford to lose.
Selling isn't guaranteed
Reg CF securities generally can't be resold for 12 months. After that, a buyer at your price is never certain.
Payments aren't promised
Revenue share rises and falls with sales. Notes depend on the business being able to pay.
Limits apply
Federal rules cap how much non-accredited investors can put into Reg CF raises each year.
Information is thinner
Small companies disclose less than public giants. Read the filing and ask the owner questions.
Dilution
Later rounds can shrink your percentage. Rights offerings first help, but don't prevent it.
More detail in our disclosures.
Early access
Be first on Main Street.
MSSX opens in Northern Utah first. Join the list for launch access, first offerings in your area, and founding-member subscription pricing.