Vestible is an investment platform that allows athletes to sell equity in their career directly to their fans and for fans to invest directly in the career of their favorite athletes via a federally regulated marketplace. Our team partners directly with each athlete and once they sign we create an LLC structure that is then securitized—turned into equity shares — and made available to investors, who can create custom diversified portfolios by holding stakes in different athlete’s careers.
When an athlete agrees to work with us we file a Series LLC via REG A Series + and sell shares into that series to investors on the Vestible platform during an IPO for the athlete. This Series LLC holds the rights to 1% of the athlete’s on the field income and is paid directly from the athlete’s employer to an escrow account each time the athlete is paid. From the moment of IPO and for the rest of their professional career, the shareholders will be paid a monthly dividend based on what the athlete is being paid during the same timeframe. As they increase their income on the field, the dividend to shareholders increases right alongside them
We believe the athlete securities we create are appropriately priced and will increase in value over time. We share all key information about the investment opportunity with you through our user-friendly mobile platform, including provenance and offering information, photos and videos, and market prices for comparable athlete securities. If you like what you see, you can invest in each specific athlete security.
Your trust and safety is important to us, so we partner with FINRA registered broker-dealers who confirm investor identities, issue shares, and oversee all transactions.
All of the athlete securities are managed by our subsidiary company, Vestible Assets, LLC. When you invest in an athlete security, you become a shareholder in a specific sub-company that owns a specific athlete security.
Vestible only offers securities that are regulated by the U.S. Securities & Exchange Commission (the “SEC”) to protect our investors. You can find additional information on the specific SEC regulations that we rely upon, here, here and here.
Important Note: At this time our securities are offered for sale through a registered broker-dealer (and member of FINRA & SIPC) that is licensed in all 50 U.S. states.
Our founders, Parker and Yves are two friends and former college football teammates, who have a shared passion in sports and athlete/fan empowerment. Together they set out to leverage their experience as a tech entrepreneur and Miami Dolphins front office executive to create a new kind of marketplace experience for fans and athletes to interact with one another. The goal of this marketplace is to create value in the world of sports that’s always been talked about, but hasn’t fully been realized. With Vestible, we want to accomplish this dream for centuries to come.
We factor career trajectory, cultural significance, career stats, social influence/value, projected contract value and additional data-driven factors into every decision we make before we partner with our athletes. We look for best-in-class athletes and partner with them if they are serious about their craft both on and off the field. We’re always working to find great partnerships and we keep a database of future opportunities so that we can create the most opportunistic offerings for our athletes and investors.
Businesses located and operating in the United States may be eligible for a business account on Vestible and are evaluated on a case by case basis. For inquiries related to registering as a business on Vestible, please reach out to [email protected].
If you represent an athlete or are one yourself, please feel free to email us at [email protected] to submit any athletes you think would be a good fit for the Vestible platform. Our partnership team will reach out directly if there is potential interest in the opportunity!
When you purchase shares on Vestible you invest in an ownership stake in a mini-company that owns and operates a specific athlete security. If its value rises, so should the value of your shares. In addition, this ownership stake is paid 1% of the underlying athlete’s monthly on the field income in the form of a dividend. As long as you hold the athlete security, and the athlete is generating professional income, you will be paid the dividend. When you decide to sell your shares, you place an order through our partner broker dealers who will match you with potential buyers.
All investments carry risks and those on our platform are no different, so it’s important that you understand them. The value of your investment can fluctuate—in both directions—and there’s no guarantee that there will be a buyer offering your desired price when you want to sell.
Furthermore, our investment opportunities are real athlete securities, and while that’s certainly part of their appeal, it brings risks. The Offering Circular (“OC”) for each athlete security details risk factors and is available for your review in the “Legal” section of the athlete security page.
Vestible is not a broker, but we do partner with FINRA & SIPC registered broker-dealers to administer our securities transaction. They affect the sale of our securities and are responsible for ensuring that all transactions remain in compliance with FINRA and SEC regulations.
You can sell some or all of your shares on the Vestible app through select registered broker dealers. While your shares are not listed on a public stock exchange, like NASDAQ or NYSE, the trading process should feel familiar.
After an athlete security’s Initial Offering, we impose a 30-day “lock-up” period during which shares cannot be bought or sold. Once the “lock-up” period is over, the “INVEST” button is replaced with “BUY” and “SELL” buttons so you know the athlete security is Trading. You can sell your shares each day during “trading windows,” by submitting sell orders (“ASKs”) through the app. During the trading window, you can revise your order as often as you want. When it closes, the broker-dealer will match sell orders and buy orders (“BIDs”) at the market-clearing price per share. If it’s at or above your ASK, your sale will clear and the buyer’s funds will be deposited in your account.
Yes, if you missed out on an initial offering you can still place buy orders (“BIDs”) to our partner broker dealers during trading windows.
Shares in each athlete security on the platform are available to trade during Vestible Market Hours. Vestible Market Hours for all eligible athlete securities occur Monday through Friday, excluding standard stock market holidays, from 10:30am(ET) – 4:30pm(ET).
During Market Hours, existing investors can put some or all of their shares up for sale by placing an ASK order, or they can place a BID order to increase their ownership position. New investors can place BID orders to purchase shares from existing investors. These orders can be placed using the BUY and SELL buttons for the appropriate athlete security in the Vestible app.
You can set ASKs at a minimum acceptable price, and BIDs at a maximum acceptable price (these are known as “limit orders”). For example, you can place an order to “BUY 10 shares @ up to $90 per share” or “SELL 5 shares @ no less than $85 per share.”
To place BIDs in the Trading Window, you must pre-fund your account with sufficient funds to cover intended BIDs on trading day. Note that it can take up to 2 business days for funds to transfer from your bank into your Vestible balance.
You can change your ASK or BID orders as many times as you like during the trading window. When trading ends, the broker-dealer matches up as many orders as possible as determined by the market-clearing price. It can take up to 2 business days following the Trading Window for funds to transfer and the trade to clear, at which point balances and positions will update in your account.
We have a few rules governing BIDs and ASKs placed during Trading Windows that are designed to maintain the integrity of our platform. These include:
No buying & selling in the same Trading Window for a specific athlete security: This means that any user who places a BID in an athlete security will be prevented from placing an ASK in that athlete security’s Trading Window for the remainder of the Trading Window, and vice versa.
Limiting ASKs below 30% of an athlete security’s then-current clearing price: This limit is designed to address outlier orders that significantly deviate from an athlete security’s then-current clearing price. As a reminder, an athlete security’s clearing price may change throughout the day (and the 30% range will adjust accordingly relative to the then-current clearing price).
More information on these rules (and other rules applicable to our Trading Platform) can be found in our TOS.
There are several reasons this may happen. If you are a buyer, make sure that you have enough cash in your account to fund your BID. If you are a seller, make sure you have enough shares available to cover your ASK. If your BID was below the market-clearing price, or your ASK above it, then your transaction will not be completed. Also if you submitted an equal BID or ASK as someone else, orders will be filled based on availability of shares in the market.
No, all of the athlete securities on the Vestible platform are available to all investors, provided that you do not invest more than 10% of your annual income or net worth in any of our offerings. If you are accredited, that limitation does not apply.
In order to keep barriers to participation as low as possible, we don’t charge any commissions or management fees on the value of your investments. And the platform is free, so you can browse and participate in community features at no cost.
At this time, Vestible makes money by taking a sourcing fee on each initial offering. This figure is included in the offering price reflected in the App and – the complete breakdown and exact number is reflected in the offering circular reviewed and signed as part of the investment process for each athlete security.
You can pay for investments by linking your bank account to the Vestible App. All transfers in and out are made via an automated-clearing-house (“ACH”). For security protection, we ask that you verify that the linked bank account belongs to you before you can start investing. You can do this instantly by securely logging into your online banking account through our integration with most major banks, or in about 24 hours by verifying the amount of two small micro-deposits sent to your account.
When you sell shares (and when your athlete security earns dividends), the money will be added to your Vestible balance. You can view your balance at any time in the App. You can use these funds to make new investments, or simply withdraw them back to your personal bank account.
Note: We recommend linking a Checking account to avoid potential issues. Savings, money market and brokerage accounts are more often subject to restrictions on ACH transfers.
Yes, but only when necessary for your reporting purposes. You will receive a 1099 if you have sold shares or if you have received dividends during the calendar year. If you just purchased shares then you won’t receive a 1099. Tax documents will become available through your Portfolio in March of the following year.
Monthly statements are only available if you have active investments in your portfolio. Statements are typically ready to view in your Portfolio by the first week of every month. New investments generally take two months to reflect in your statements.
All of our investments are reviewed and vetted by a FINRA registered broker-dealer and are subject to SEC regulation. We are committed to making investing with us as transparent as possible. Everything we see, you see. All the information we have on an athlete security is made available to all of our members, even those who don’t invest.
We are always here to help, so if you have any questions please don’t hesitate to get in touch at [email protected].
As a financial platform that sells regulated securities, we are required to collect and store certain personal information about our investors, but we take no chances with your security. We hold ourselves to FINRA standards for information security, and certain highly sensitive information, like your bank account, is never stored on our servers. A record of your investments is kept with our broker-dealer partners and our banking providers. Please review our Privacy Policy for more information.
During an athlete security’s initial offering, you simply click on the ‘Buy Shares’ button at the bottom of that athlete security’s portal to participate in the Initial Offering of shares, select the number of shares you wish to purchase, and complete the investor on-boarding questionnaire. You will be asked to provide some personal and financial information (as required by law) and to link a bank account and deposit funds to pay for your shares. Upon receipt and acceptance of investment documents from you and your co-investors, our broker-dealer will close the offering and process the transaction.
For Trading Assets, the process is very similar, however you can only place orders to buy shares (“BIDs”) or orders to sell shares (“ASKs”) during open trading windows, and you will be required to decide the maximum price per share that you are willing to pay or minimum you are willing to accept (a “limit order”).
Anyone over 18 with a U.S. Social Security number (that passes standard know-your-customer and anti-money-laundering checks), Bank Account, ID, and address within the contiguous United States is eligible to invest, but the app itself is free and open to everyone.
If you want to invest through a company or partnership, please contact us at [email protected]. Unfortunately, we are not able to accept investments through ERISA or IRA plans at this time.
Important Note: At this time our securities are offered for sale through a registered broker-dealer (and member of FINRA & SIPC) that is licensed in all 50 U.S. states.
At this time, Vestible is only available to individuals with a United States SSN, bank account, identification, and an address within the contiguous United States.
We’re committed to making Vestible available for as many users as possible around the world, and will be sure to keep you updated on our progress here.
If you sign in and navigate to the “settings” tab on the left-hand side of the window, you will see a menu labeled “Personal Information” with a button that says “edit” to the right of it. In that menu, you are able to update your address.
Initial Offering: The first time an athlete security is being offered as an investment on Vestible
Trading Window: The day of the month when offers to buy shares (“BIDs”) or orders to sell shares (“ASKs”) for Trading Assets are being accepted.
Active Assets: Assets that are open to investment. You can reserve shares for purchase at a later date or invest on the spot.
Private Assets: Assets that aren’t open to investment but may be in the future. We provide key information on them and give you the opportunity to sign up to be notified when you can invest.
Trading Assets: Assets that are accepting offers to buy or sell shares, which can be submitted during monthly “trading windows.”
Locked-Up Assets: Assets that have been fully-funded and are in a one-month ‘lock-up” period before trading windows open up.
Active Investment: Your current holdings. Once you have made an investment, your shares will show up under the “Active / Current Investment” tab in your account.
Pending Investment: A share purchase that has been placed or reserved, but not yet finalized. You can monitor it in your account.
Exited Investment: An investment that you have sold; your receipt and financial results remain in your account.
Comparable Asset Value: Prices of similar athlete securities that help you determine the fair value of a potential investment. Our interactive chart allows you to see the historical prices of comparable athlete securities and other expert valuations as well as details about each transaction. There’s no guarantee that an athlete security’s performance will mirror its ‘comps’, but it’s certainly valuable information.
This FAQ includes some statements that are not historical and that are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act. Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business, our strategies and business outlook, anticipated development of the platform and our product offering, and various other matters. These forward-looking statements express expectations, hopes, beliefs, and intentions regarding the future. The words “anticipates”, “believes”, “continue”, “could”, “estimates”, “expects”, “intends”, “may”, “might”, “plans”, “possible”, “potential”, “predicts”, “projects”, “seeks”, “should”, “will”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this FAQ are based on current expectations and beliefs concerning future developments that are difficult to predict. We cannot guarantee future performance, or that future developments affecting us will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.