Frequently Asked Questions
Why is Purism seeking Revenue Sharing Asset Backed Lending
Computer Hardware Manufacturing is an extremely capital intensive industry, it requires outlaying a lot of cash up front to get parts in quantity, then time to fabricate the parts into components, and then manufacture those components into finished goods that are then finally available to sell to the general public. Purism is looking to borrow against our fully owned inventory for working capital needs as well as procuring additional parts to keep products in stock on a consistent basis. By borrowing against our asset we can manage our cash flow for all our needs while offering a healthy return for investors as we sell through the inventory.
Can I get a copy of the investment terms and contract?
Yes, as stated above; the terms you agree to are the Revenue Share Asset Backed Loan 2023.
What is a Revenue Share Asset Backed Loan?
It is a type of investment where the investor is owed the investment amount as debt, it earns interest and is paid out monthly after the asset that is backed is sold. Because Purism is only partially funding against its assets we are able to set aside this inventory and expect to begin selling from this set aside inventory sometime in January 2024.
Who can Invest?
Any adult agreeing to the terms and sending funds.
When do I get my return on investment?
As Purism sells through the set aside inventory Purism will pay out monthly, we expect this to be January 2024 and depending upon the total investment against the inventory do expect to see a full return within a few months after that. Purism may open another asset backed investment opportunity after your investment is returned, whereby you could optionally participate again to continue to see healthy returns as you help fuel the hardware purchasing Purism constantly needs.
Do I have to do anything after investment?
No, one of the easy things about asset backed lending is that they are debt instruments that automatically pay out as that asset is sold to the marketplace. You will be notified—via email—as your payments are coming due.
Has there been previous investment?
Purism has grown mostly from revenue, however, Purism announced closing $2.5m in notes in December 2019. Purism has raised over $10m in total all under convertible note terms. This is the first revenue share asset backed lending that Purism has offered.
What is the minimum investment?
What is the maximum investment?
What are the funds used for?
As stated above, we will use the investment funds for working capital and additional asset purchasing, parts procurement, as well as continuing development of all our freedom respecting revolutionary software stack.
Can I share this investment opportunity with my friends or post about it on social media?
Yes, while this is not a public offering, it is an offering to friends, supporters, and their friends and supporters. We will not be offering this to any other groups besides our supporters and customers directly, we also will not be linking to this campaign from our site nor forums, but you are more than welcome to share that in your personal capacity or on your personal social media outlets. We desire to extend the offer—and its potential return—to those that are supportive of our Social Purpose movement and whom know the value that Purism brings.
What is my investment worth?
The investment is worth the amount you invested plus any interest accrued on a prorated basis.
Can I sell my investment contract?
Not easily. The best way to look at this investment is to consider it a short term investment tied to the asset selling, after the asset sells in the marketplace then Purism will tally that up and pay out the investment at the end of that month until the full amount of investment plus interest is satisfied.
Is this investment opportunity available outside the US?
Yes, the asset lending has language to allow any individual to invest.
I’d like to invest, but have a few more questions, can I get those answered?
Yes, to ask questions regarding the terms and conditions of the offering or any additional information necessary email email@example.com