OnePlus co-founder Carl Pei recently announced his new company called "Nothing". With this new venture, Carl Pei and his team want to hit the "giant reset button" in consumer tech and start something new. It's looking very promising, but it remains to be seen what we get from them in the future.

Now, Carl Pei has invited users to invest in the company, asking them to get involved in the development of the company and its products. The company essentially wants users to involve its users right from the funding stage to product development. It's a slightly different take on crowdfunding but it's definitely something that we've seen before.

Here is the opportunity for you to be part of our journey: https://t.co/Z0jtXGnaub pic.twitter.com/C4E480lnHI

For now, Nothing has invited users to sign up for the campaign that's set to go live on March 2. All you need to do now is sign up via email with the desired amount that you'd like to pinch in. Signing up will get you early access to the funding platform.

Nothing notes that the shares will be available on a first-come-first-serve basis. So if you are really interested in investing in an upcoming consumer tech company, that too at an attractive valuation, then now is the time.

The minimum amount that you can invest is €50, which is roughly Rs 4,420. A single user can, however, invest a maximum of €20,000, which is approximately Rs 17 lakhs. 

© Nothing

It's worth pointing out that you'll essentially be investing in a startup, so the usual set of risk factors are involved here, including illiquidity, lack of dividends, loss of investment, and dilution. Yes, the company is indeed backed by a lot of popular names in the tech industry and beyond, but it's still a startup at the end of the day, which may or may not flourish.

Early investors will be a part of the community and will get some special rewards for investing. Nothing also noted that one member from the community will be selected to be a part of the board meetings to represent the voice of the community.

View the full article