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September 10, 2014

Sharewave – Linking Startups with Shareholders

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Sharewave is a tool that startup founders can use to better connect with their companies’ shareholders. The web-based application enables its users to organize, visualize, and share company information with outsiders, regardless of where they are in the fundraising process.

Sharewave was designed to make life easier for startup founders. Use the platform to make more strategic fundraising decisions, carefully evaluating different scenarios based on your shareholder data. Sharewave keeps track of all the paperwork involved in your company’s financing, enabling you to quickly share digital documents with your own lawyers, investors, and co-founders through the web-based system. You can even sign documents securely using e-signatures and track when those documents have been opened with individual page views.

Use Sharewave to keep accurate cap tables, as well. Sharewave connects underlying documentation to each individual cap table entry, which adds a level of assurance for your financial backers. You can also grant stock options and communicate with shareholders via regular messages that are sent through Sharewave.

Practical Uses:

  • Share digital documents with investors and lawyers
  • Create professional cap tables
  • Manage stock option pools
  • Electronically sign paperwork through Sharewave

Insider Tips:

  • Add multiple companies to your Sharewave account
  • Send direct messages to individual people or entire groups
  • Set up admin users with editing privileges
  • Underlying documentation is connected to each Sharewave cap table entry

What we liked:

  • Sharewave helps people get more use out of their shareholder data
  • Documents signed in Sharewave are legally binding, based on e-signature laws
  • Users can invite an unlimited number of people to interact with their data
  • Sharewave lets users export their data if they leave the service

What we didn’t like:

  • Users are limited in how many documents they can upload

Alternatives:

Company Info:

  • Launched: 2013 (Beta)
  • Privately Held
  • Headquarters: New York, New York
  • Founded by: Joshua Levine, Robert M. Lefkowitz, and Alan McGee
  • Web site: https://sharewave.com

Costs:

  • Seed plan is $9 per month
  • Startup plan is $29 per month
  • Growth plan is $99 per month
  • Established plan is $199 per month