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October 7, 2024 · 9:02PM

How it Works page is now live

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If you’ve wanted to learn more about how the Republic Note works but found the Whitepaper a bit too dense, we’ve got you covered.

On the new How it Works page you’ll find details on:

  • How the dividends work

  • How is the portfolio revenue shared with the Note

  • What are the Republic business lines contributing to the portfolio

  • Why do we call this portfolio “evergreen”, and more.

We're also developing additional resources, like a comprehensive portfolio company tracker, offering insights into the startups comprising the Note's value.


Check out this new page below and let us know what you think about it in the comments – we’d love to hear your feedback.

How Republic Note works


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James Williams
1 year ago
Great information and very thorough concerning how republic notes work page
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More updates

April 2
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Portfolio news: York Space Systems, Botkeeper and 16 more

Catch up on the biggest portfolio news from March.
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March 23
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Note holder AMA recap: March 2026

Thanks to everyone who joined us live on March 18th for the AMA hosted by Brian Aznar and Vlad Uchenik.
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Republic Note is issued by Republic Core LLC.

Neither Republic Core nor any of its affiliates provide legal advice, generally and with respect to investment opportunities on the Republic platform. We strongly advise you to consult a legal, tax, and financial professional before investing, and carefully review all the specific risk disclosures provided as part of any investment offering documents and ask Republic Core any questions you may have or request additional information.

"Republic" refers to the entire Republic ecosystem of different business entities, which consist of a) Republic Core LLC, Republic's technology hub and the issuer of the Republic Note, b) Republic Maximal LLC (dba Republic Capital), Republic's venture investing arm, and c) OpenDeal Portal LLC, a US SEC-registered funding portal and member of FINRA (sometimes referred to as "Republic US funding portal"), among others. This email may include descriptions in first-person ("we", "our team") about the business models, traction, and highlights of Republic, the ecosystem, the success of which may have direct and/or indirect impact on the Republic Note and the various benefits potentially afforded to Republic Note holders. The economic rights granted by the Republic Note through its profit-sharing mechanism, however, are derived exclusively from Republic Capital and Republic US funding portal, as described in relevant offering documents displayed where an offering of the Republic Note is conducted.

Republic Core LLC ("Core") provides technology and support services to OpenDeal Inc. and its affiliates (collectively, the "Republic Ecosystem"). Republic Note holders and as well as users of the site and services maintained by the Republic Ecosystem, regardless of and their activities on or relating to the Republic Ecosystem, are subject to the applicable terms of service, in their entirety. Republic Core receives revenues from certain clients which are distributable to Republic Note holders at pre-disclosed trigger events.

Each Republic Note is a unit of Class B limited liability company membership interests in digital form issued by Republic Core LLC ("issuer" or "Republic Core"). Any references made about the Republic Note (sometimes "R/Note" or simply "Note") by Republic in either this offering page or similar contexts denote the same equity instrument. The Republic Note is not a debenture, does not pay interest, does not have a maturity date, does not have priority over other debts of the Company, and is not collateralized by and specific asset of the issuer or any business entities within Republic.

Legal Disclosures & Disclaimers

Core is "testing the waters" with respect to the sale of Republic Notes under Regulation A+ of the Securities Act and Regulation CF of the JOBS Act. The "testing the waters" process allows companies to determine whether there may be interest in an eventual offering of the securities to qualified purchasers under either or both Regulation(s). No money or other consideration is being solicited at this time in connection with any potential Regulation A offering or Regulation CF and, if tendered, will not be accepted. No offer to buy securities under any regulatory exemption, including Regulation A, can be accepted and no part of the purchase price can be received until an offering statement is qualified with the SEC for a Regulation A offering, a Form C is filed with the SEC for a Regulation CF offering, or relevant documents are presented for a Reg D offering. Any offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. Any indication of interest in Core's offering involves no obligation or commitment of any kind.

  1. Represents users of republic.com, limited partners of Republic Capital Adviser LLC advised vehicles, users of Seedrs.com and clients of other affiliates
  2. Includes aggregate figures from Republic and Seedrs platform to date, including investment opportunities presented by OpenDeal Portal LLC, OpenDeal Broker LLC, Republic Core LLC, Republic Deal Room Advisor LLC and Fig Publishing, Inc
  3. A unicorn is a company worth $1B+
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