WantMyBet becomes the first startup to give away equity via social media

WantMyBet is a social network for football betting, that enables people to find, share and bet on football predictions.

Olly Joshi, WantMyBet

It has recently launched a crowdfund campaign with Seedrs. To promote the fundraise they have launched an exclusive competition on LinkedIn where they are giving away shares in the company to one lucky user. There is 1% of the company, valued at £1.74m, up for grabs.

The innovative marketing ploy is the first time a startup has given away equity over social media. Since launching it has already proved popular and has been shared hundreds of times, raising over £33,000 on their campaign in the first two days of being live.

This equity giveaway can be compared to a similar campaign by eCommerce startup (Jet.com) who last year gave away 100,000 shares of Jet stock to the person who could sign up the most new users. This week, Jet has just been bought by Walmart for $3,000,000,000 and the competition winner is now a multi-millionaire.

To get a slice of the action, all users have to do is, like and share the below post: www.linkedin.com/hp/update/6168381900235829248.