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Invest in Coterie Party

Elevated party supplies for every occasion, designed in house and delivered to your door

  • $104,500Amount raised
  • $1,000Minimum
  • $5,000,000Valuation cap

Purchased securities are not listed on any exchange. A secondary market for these securities does not currently exist and may never develop. You should not purchase these securities with the expectation that one eventually will.

Coterie Party is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 7.50% of the value of the securities sold and equity compensation equal to 5.00% of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Coterie Party without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures in the offering's draft. The contents of this profile are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.


Company Highlights

  • Founders are experienced entrepreneurs in the direct-to-consumer startup space and were both founding team members of Daily Harvest, a smoothie delivery company that attracted over 100,000 customers in under two years
  • Previously raised nearly $2.75M from notable investors, including Canaan Partners, Global Founders Capital, and Female Founders Fund
  • Achieved over 2 billion impressions in 6 months, with notable press coverage in TechCrunch, Business Insider, Fast Company, BuzzFeed, HGTV, Yahoo, and dozens more
  • Generated over $24.5K in revenue in May 2020 with no marketing spend, compared to $126k in revenue for full year 2019 (unaudited)
  • Launched successful partnership collections with Draper James (Reese Witherspoon’s brand) and FabFitFun

Fundraise Highlights

  • Total Amount Raised: US $104,500
  • Total Round Size: US $1,500,000
  • Raise Description:  Seed
  • Minimum Investment:  US $1,000 per investor
  • Security Type:  Crowd Note
  • Valuation Cap:  US $5,000,000
  • Offering Type:   Side by Side Offering

We’re aiming to disrupt the $10 billion US Party Supply Industry by designing and delivering stylish party supplies that are premium in quality and affordable in price.


The current party supply industry doesn’t feel like a party. Products are often low quality, cheap and unattractive. Product assortment is incredibly overwhelming, leaving customers paralyzed by choice. We've found no company that has built a seamless e-commerce experience or focused on direct to consumer. And we believe there is no loved brand.

Despite the lack of easy shopping options, 70% of Americans throw 3.5 parties each year and this opportunity is only expanding. Baby and bridal showers, birthdays, holidays, dog parties, or your monthly book club - there are endless reasons to throw a party each year across all life stages. Coterie helps make those celebrations possible.

Coterie makes it fun and easy to throw a stylish party by providing everything our customers need, delivered to their door. All of our products are designed in house and we offer a seamless and elegant shopping experience, from tailored content to thoughtful website design to lightning fast shipping - things we believe are currently unheard of in the industry.

We spent 2019 focused on testing, learning and being efficient with marketing spend. We launched 6 seasonal collections, amassed 30K+ avid Instagram followers, and achieved steady revenue growth. Most importantly, we came away with 3 key learnings that will allow us to scale in 2020: launching a huge Kids Collection, executing on more partnerships like the one we did with Reese Witherspoon's Draper James, and tapping into new distribution channels including wholesale. We've already seen really strong results from our Kids Collection, which launched just this February. Conversion doubled, orders tripled and CACs were cut in half.

With our unique brand, differentiated product, deeply experienced leadership team, and actionable 2019 learnings, we believe we are poised to disrupt the $10B party industry.

Media Mentions

The Team

Founders and Officers

Sara Raffa

Co-Founder & Co-CEO

Sara Raffa runs Product and Operations for Coterie. She was the fifth employee at Daily Harvest, where she managed all operations, including production, logistics and fulfillment. Prior to Daily Harvest, Sara attended the University of Chicago Booth School of Business, where she received her MBA and launched a sustainable fashion brand. She also spent four years in accounting and consulting at PwC.

Sara Raffa

Co-Founder & Co-CEO

Sara Raffa runs Product and Operations for Coterie. She was the fifth employee at Daily Harvest, where she managed all operations, including production, logistics and fulfillment. Prior to Daily Harvest, Sara attended the University of Chicago Booth School of Business, where she received her MBA and launched a sustainable fashion brand. She also spent four years in accounting and consulting at PwC.

Linden Ellis

Co-Founder & Co-CEO

Linden Ellis has over 8 years of experience working in e-commerce startups. She began her career in Investment Banking at Lazard Freres before transitioning to Birchbox where she ran Demand Planning and Marketing Analytics. After 3.5 years at Birchbox, Linden joined Daily Harvest as the second employee. At Daily Harvest she ran Customer Acquisition, Analytics and Finance. 

Linden Ellis

Co-Founder & Co-CEO

Linden Ellis has over 8 years of experience working in e-commerce startups. She began her career in Investment Banking at Lazard Freres before transitioning to Birchbox where she ran Demand Planning and Marketing Analytics. After 3.5 years at Birchbox, Linden joined Daily Harvest as the second employee. At Daily Harvest she ran Customer Acquisition, Analytics and Finance. 

Term Sheet

A Side by Side offering refers to a deal that is raising capital under two offering types. If you plan on investing less than US $20,000.00, you will automatically invest under the Regulation CF offering type. If you invest more than US $20,000.00, you must be an accredited investor and invest under the Regulation D offering type.

Fundraising Description

  • Round type:
    Seed

  • Round size:
    US $1,500,000

  • Raised to date:
    US $104,500
    US $17,000 (under Reg CF only)

  • Minimum investment:
    US $1,000

  • Target Minimum:
    US $415,000
  • Key Terms

  • Security Type:
    Crowd Note

  • Conversion discount:
    20.0%

  • Valuation Cap:
    US $5,000,000

  • Interest rate:
    5.0%

  • Note term:
    24 months
  • Additional Terms

  • Custody of Shares

    Investors who invest $50,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. These investors will be subject to the Custodian’s Account Agreement, including the electronic delivery of all required information.


  • Closing conditions:
    While Coterie Party has set an overall target minimum of US $415,000 for the round, Coterie Party must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Coterie Party's Form C.

  • Regulation CF cap:
    While Coterie Party is offering up to US $1,500,000 worth of securities in its Seed, only up to US $1,070,000 of that amount may be raised through Regulation CF.

  • Transfer restrictions:
    Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available.

  • Use of Proceeds

    Investor Perks

    Invest by 06/12/2020 and receive double the gift card amount in your tier.

    All Investors will receive the below perks plus their investment tier perks:

    • Our signature Coterie "More Good Times" pink hat and tote bag
    • Quarterly email updates from the founders

    Investment between $1,500 - $2,999:

    • $100 Coterie gift card

    Investment between $3,000 - $9,999:

    • $300  Coterie gift card
    • Access to all launch parties. Bring a friend (or a kid) and come experience our brand IRL as we launch new collections. Past events have included fun activities like cookie decorating, flower bouquet making, cocktail classes, REAL puppies, live music for kids and balloon animals - plus there is always food and drinks!

    Investment between $10,000 - $24,999:

    • $750 Coterie gift card
    • Access to launch parties. Bring a friend (or kid) and come experience our brand IRL as we launch new collections. Past events have included fun activities like cookie decorating, flower bouquet making, cocktail classes, REAL puppies, live music for kids and balloon animals - plus there is always food and drinks!

    Investment between $25,000 - $99,999:

    • $1000 Coterie gift card
    • Access to launch parties. Bring a friend (or kid) and come experience our brand IRL as we launch new collections. Past events have included fun activities like cookie decorating, flower bouquet making, cocktail classes, REAL puppies, live music for kids and balloon animals - plus there is always food and drinks!

    • Annual meeting with the founders and executive team
    • 20% off promo code to be used on all Coterie orders

    Investment of $100,000 and above:

    • $1,000 Coterie gift card
    • Access to launch parties. Bring a friend (or kid) and come experience our brand IRL as we launch new collections. Past events have included fun activities like cookie decorating, flower bouquet making, cocktail classes, REAL puppies, live music for kids and balloon animals - plus there is always food and drinks!
    • Annual meeting with the founders and executive team
    • 20% off promo code to be used on all Coterie orders
    • Private party for you and 10 of your friends planned by our co-founders at your residence (or virtually on zoom if preferred).  We'll include food, drinks, decorations and a fun activity of your choice.

    Note: Gift cards and promo codes valid at coterieparty.com. Gift cards and promo codes can't be combined.

    It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

    Prior Rounds

    The graph below illustrates the valuation cap or the pre-money valuation of Coterie Party's prior rounds by year.


    This chart does not represent guarantees of future valuation growth and/or declines.

    Pre-Seed

  • Round Size
    US $500,000
  • Closed Date
    May 1, 2018
  • Security Type
    Preferred Equity
  • Seed

  • Round Size
    US $2,250,000
  • Closed Date
    Jan 1, 2019
  • Security Type
    Preferred Equity
  • Market Landscape

    The bar chart above shows Party City Wholesale Sales over time (in millions of $). As shown, sales have enjoyed a consistent increase - but what's most interesting here is that sales remained steady during the 2001 and 2008 recessions.

    This data is particularly important now, as we are likely entering an upcoming recession. Qualitatively, this data makes sense. Birthday parties and holidays don't stop during recessions, and parent's will always find ways to celebrate their kids and loved ones. During a recession, entertaining tends to move from event spaces into homes to save money. Without the excitement of an external party space, decorations become more important than ever.

    While group gathering has stopped as a result of COVID, we're finding our customers are still looking for ways to create magic at home. Whether it be a princess tea party to keep the kids entertained, or a special mother's day brunch, our customers are turning to decorations to make the smaller party feel special. We scaled back entirely on marketing spend to extend runway, but continue to see strong orders, with April revenue of $8,500.

    Additionally, with stores closed, customers are shopping online, and we believe we have the best online experience in the industry.

    Note: Past results do not guarantee future results


    The Global Party Supply industry is $17 billion and growing 4.9% annually. It is expected to reach $24 billion by 2026. The US Party Supplies industry is $10 billion. 

    Party City dominates the market with 24% market share, yet they are struggling - making now the perfect time to tackle this industry with a fresh new brand. Party City’s stock dropped 67% after their earnings report in November 2019, which detailed some major issues and huge store closures. One look at their Yelp reviews shows that customers are highly dissatisfied with the Party City experience.

    Beyond Party City, the market is highly fragmented with no runner up. Customers go to Amazon, Etsy, Target and small stationary shops for party supplies, but none of these options offer a curated assortment, elevated product and a seamless shopping experience.

    Our product is priced in line or better than comparable quality product on the market, and averages $4-5 per person for a complete party set.

    Risks and Disclosures

    The Company may be unable to maintain, promote, and grow its brand through marketing and communications strategies. It may prove difficult for the Company to dramatically increase the number of customers that it serves or to establish itself as a well-known brand in the competitive -. Additionally, the product may be in a market where customers will not have brand loyalty.

    Further, failure to renew client contracts on favorable terms could adversely affect the Company's business. The Company's contracts with clients generally run for several years and include liquidated damage provisions that provide for early termination fees. Terms are generally renegotiated prior to the end of a contract’s term. If they are not successful in achieving a high rate of contract renewals on favorable terms, their business and results of operations could be adversely affected.

    The development and commercialization of the Company’s products and services are highly competitive. It faces competition with respect to any products and services that it may seek to develop or commercialize in the future. Its competitors include major companies worldwide. The market is an emerging industry where new competitors are entering the market frequently. Many of the Company’s competitors have significantly greater financial, technical and human resources and may have superior expertise in research and development and marketing approved services and thus may be better equipped than the Company to develop and commercialize services. These competitors also compete with the Company in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, the Company’s competitors may commercialize products more rapidly or effectively than the Company is able to, which would adversely affect its competitive position, the likelihood that its services will achieve initial market acceptance and its ability to generate meaningful additional revenues from its products and services.

    The Company’s expenses will significantly increase as they seek to execute their current business model. Although the Company estimates that it has enough runway until the end of year, they will be ramping up cash burn to promote revenue growth, further develop R&D, and fund other Company operations after the raise. Doing so could require significant effort and expense or may not be feasible.

    The Company projects aggressive growth. If these assumptions are wrong and the projections regarding market penetration are too aggressive, then the financial forecast may overstate the Company's overall viability. In addition, the forward-looking statements are only predictions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

    The Company has not prepared any audited financial statements. Therefore, investors have no audited financial information regarding the Company’s capitalization or assets or liabilities on which to make investment decisions. If investors feel the information provided is insufficient, then they should not invest in the Company.

    Failure by the Company's transportation providers to deliver their products on time or at all could result in lost sales. The Company currently relies upon third-party transportation providers for a significant portion of their product shipments. The Company utilization of delivery services for shipments is subject to risks, including increases in fuel prices, which would increase their shipping costs, employee strikes, and inclement weather, which may impact the ability of providers to provide delivery services that adequately meet their shipping needs. The Company may, from time to time, change third-party transportation providers, and the Company could therefore face logistical difficulties that could adversely affect deliveries. The Company may not be able to obtain terms as favorable as those they receive from the third-party transportation providers that they currently use or may incur additional costs, which in turn would increase their costs and thereby adversely affect their operating results.

    The reviewing CPA has included a “going concern” note in the reviewed financials. The Company has incurred losses from inception of $1,917,689, which, among other factors, raises substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management's plans to raise additional capital from the issuance of debt or the sale of stock, its ability to commence profitable sales of its flagship product, and its ability to generate positive operational cash flow. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

    The Company has not prepared any audited financial statements. Therefore, investors have no audited financial information regarding the Company’s capitalization or assets or liabilities on which to make investment decisions. If investors feel the information provided is insufficient, then they should not invest in the Company.

    In general, demand for the Company's products and services is highly correlated with general economic conditions. A substantial portion of their revenue is derived from discretionary spending by businesses and individuals, which typically falls during times of economic instability. Declines in economic conditions in the U.S. or in other countries in which they operate may adversely impact their consolidated financial results. Because such declines in demand are difficult to predict, the Company or the industry may have increased excess capacity as a result. An increase in excess capacity may result in declines in prices for their products and services.

    The Company’s Board does not keep meeting minutes from its board meetings. Though the Company is a Delaware Corporation and Delaware does not legally require its corporations to record and retain meeting minutes, the practice of keeping board minutes is critical to maintaining good corporate governance. Minutes of meetings provide a record of corporate actions, including director and officer appointments and board consents for issuances, and can be helpful in the event of an audit or lawsuit. These recordkeeping practices can also help to reduce the risk of potential liability due to failure to observe corporate formalities, and the failure to do so could negatively impact certain processes, including but not limited to the due diligence process with potential investors or acquirers. There is no guarantee that the Company’s board will begin keeping board meeting minutes.

    The Company does not have formal advisor agreements in place with listed advisors. Advisor agreements typically provide the expectation of the engagement, services, compensation, and other miscellaneous duties and rights of the Company and advisor. These individuals may not be compensated for their expertise and advice. There is no guarantee that advisor agreements will be entered into.

    The Company has outstanding liabilities. The Company has an outstanding liability of $79,800 stemming from a Paycheck Protection Program loan received in May 2020. The company expects full forgiveness of the loan; however, there is no guarantee that the company will be forgiven or pay off this outstanding liability.

    The Company's existing investors have not waived their pre-emptive rights and currently plan on exercising those rights. The pre-emptive right entitles those investors to participate in this securities issuance on a pro rata basis. If those investors choose to exercise their pre-emptive right, it could dilute shareholders in this round. This dilution could reduce the economic value of the investment, the relative ownership resulting from the investment, or both.

    The outbreak of the novel coronavirus, COVID-19, has adversely impacted global commercial activity and contributed to significant declines and volatility in financial markets. The coronavirus pandemic and government responses are creating disruption in global supply chains and adversely impacting many industries. The outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate material adverse impact of the novel coronavirus. Nevertheless, the novel coronavirus presents material uncertainty and risk with respect to the Funds, their performance, and their financial results.

    General Risks and Disclosures

    Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

    Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

    The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

    Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events — through continuing disclosure that you can use to evaluate the status of your investment.

    Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company's employees, including its management. You should carefully review any disclosure regarding the company's use of proceeds.

    Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

    Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

    Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors") Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors"). SI Advisors is an exempt investment advisor that acts as the General Partner of SI Selections Fund I, L.P. ("SI Selections Fund"). SI Selections Fund is an early stage venture capital fund owned by third-party investors. From time to time, SI Selections Fund may invest in offerings made available on the SeedInvest platform, including this offering. Investments made by SI Selections Fund may be counted towards the total funds raised necessary to reach the minimum funding target as disclosed in the applicable offering materials.

    Coterie Party's Form C

    The Form C is a document the company must file with the Securities and Exchange Commission, which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Download Coterie Party's  Form C

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive securities, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in Coterie Party
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Coterie Party. Once Coterie Party accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Coterie Party in exchange for your securities. At that point, you will be a proud owner in Coterie Party.


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or passport
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Coterie Party has set a minimum investment amount of US $1,000.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own securities after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my securities in the future?

    Currently there is no market or liquidity for these securities. Right now Coterie Party does not plan to list these securities on a national exchange or another secondary market. At some point Coterie Party may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Coterie Party either lists their securities on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is Coterie Party's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Coterie Party's Form C. The Form C includes important details about Coterie Party's fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your securities have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your account's portfolio page by clicking your profile icon in the top right corner.


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your account's portfolio page by clicking your profile icon in the top right corner.