You will be notified via email when any payment from a business is deposited into your NextSeed investment account where it will show up as Available Cash. You can withdraw it or reinvest it as you like.
Note that transactions showing as “Interest” in your transaction history are not interest payments made by businesses; rather, these interest payments are made by the bank on uninvested cash in your account.
You can track payments from businesses in your NextSeed Account Center. NextSeed receives an administrative fee from each payment a business makes to you.
Payments from businesses start processing in the first half of each month but may not show inyour account at the same time each month due to variables such as bank processing times and holidays. Before the end of the month, you will receive an email regarding any payments deposited into your account, and you will be notified if any businesses are late in making payments.
Note: Payments are not guaranteed, and in the event of a default, NextSeed will take commercially reasonable steps on behalf of investors to facilitate the collection of any outstanding amounts due. This does not mean that full, partial or any payment will necessarily be returned to investors.
Preferred equity distributions
Preferred equity distributions vary by deal. Please see the terms of the offering for specifics.
The terms of a convertible note offering vary by deal, so please refer to the investment documents for specifics. No payments are expected until maturity of the note or a future liquidity event if the notes have been converted to equity shares.
The terms of a SAFE (Simple Agreement for Future Equity) offering vary by deal, so please refer to the investment documents for specifics. No payments are expected until a future liquidity event.