We get this question a lot, so we figured we'd publish our standard response. It's a good question -- new investors naturally want to understand what the ROI has been for existing investors. That said, equity crowdfunding is unlike most other investments, so it takes a bit of education to understand how it works. Here's our response:

What is the ROI for investors in previous rounds?

When you invest in Legion M, you are buying stock in the company. It's not like buying stock in a public company, like Disney -- it's like buying stock back when Disney was first starting up, and nobody knew if it would succeed or fail.

Unlike public companies, stock in startups like Legion M is not liquid, which means you generally can't sell it until the company IPOs or has some other sort of listing/exit. This is a huge risk, because if the company fails (and most startups do) the stock will be worth nothing but a tax write-off. Startups are very risky, so you should never invest more than you can afford to lose.

That said, startups that succeed can go on to change the world. If you are lucky enough to get in early on a big one, the returns can be very substantial. This is how venture capitalists make their money. The 1% have been investing like this for generations, but it only became possible for the general public a few years ago with the JOBS Act.

So, the short answer to the question of ROI is "nobody knows yet". It's kind of like asking "did you win your bet?" when the game is only at halftime. Our current share price is over 2X what it was in the beginning, so one could argue our early shareholders have "paper gains". But all that is meaningless until the game is over, as all that really matters is the final score. If Legion M is able to successfully IPO or have some sort of exit, our shareholders can win. If we go out of business, they lose.

One thing worth noting is that all the stock in Legion M (including the shares owned by the founders, the shares owned by large investors who have invested hundreds of thousands of dollars, and the shares owned by small investors who just put in $40) have the EXACT same financial terms. So no matter what happens, we're all in the same boat -- we win together or we lose together.

ONWARD AND UPWARD!

Read the Offering Circular and risks related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. You should never invest more than you can afford to lose in Legion M (or any startup).