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A CrowdCreative Association

CRMonitor Frequently Asked Questions



What is CRMonitor?

CRMonitor is an agreement established between the CrowdCo and the CrowdVestor to provide third party monitoring by CRProduct LLC during a contracted portion of the CrowdCo startup project and may include investor capital tranching and milestone reviews. An advance fee is taken for the services provided by CR Product LLC during the development and product launch phase of the project which can be as long as 24 months. Additional on-line reporting fees are paid by the CrowdCo after the development and launch period until CRCover liability is satisfied.

At this time CRMonitor is not a standalone product but is offered through the CRRoyalty and the CRCover Programs.

How does it work?
As part of the campaign development, the CrowdCo chooses to offer this service to their CrowdVestors and document the terms and conditions within the campaign documents. This includes but is not limited to:
- Loan Proceed tranching and Milestone Reviews
- Monthly reporting conducted by CR Certified Advisors on site
- Project escalation and funds stopping if milestones are not met.
It is best to consider this program as the project management liaison between the CrowdCo and the CrowdVestor monitoring progress and controller of the invested funds.

Is it a required expenditure for the CrowdCo?
For CRCover project yes. It is built into the CRCover program and is considered essential for proper assurance delivery. For CRRoyalty it is highly recommended. While we cannot demand monitoring, we always suggest it and we consider projects that refuse to be monitored a high risk.

Why monitor at all?
The reason to monitor is to get the crowd involved and to provide a fully transparent and mutually aligned process so that the crowd can be engaged even when the individual CrowdVestor makes a minimum contribution.

Download ALL CRMonitor FAQs here

Download a complete set of FAQs for ALL CRProducts here

The Executive

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