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Launching a raise

From $15 to funded: the full walkthrough, including the odds.

8 min read · Updated Aug 2026

There is no application and nobody to convince. You pay $15 to create a saved draft, configure the raise, form the entity, then submit from Review so it can appear on the homepage. This page covers what you are actually signing up for, in the order you will meet it.

You can build the whole thing before paying. Start at /create in demo mode: every step works (including the IP checklist), your progress is saved in your browser, and you can export it as a file. The $15 is charged when you create a saved draft — not a second time when you submit.

1. Model the deal

Try the modeler on the founders page if you want to feel the deal sheet. When you are ready to commit numbers, the create Deal chapter sizes from region, headcount, and stage and writes goal, monthly budget, window, and team tokens into your draft. Three numbers still do most of the work: the goal, the monthly budget, and the performance package.

After you go live, follow the distribution checklist — Superteam, media, pre-commits, and launch-week cadence.

Goal. Anywhere from $10k to $2M. Under-raise your ambitions. A smaller goal is more likely to fund, and you can always propose more later.
Monthly budget. This becomes an onchain ceiling on what you can draw without asking. Set it to what running the project actually costs, not to what you hope to earn.
Performance package. Your upside, locked and released only at 2×/4×/8×/16×/32× your backers' entry price. Zero is a legitimate answer if you would rather settle incentives later.

2. Write the page

Backable asks for structured sections rather than one blob: the problem, why now, what you will build, a roadmap, the team, and your risks. Nobody edits any of it.

The risks section is not a formality. Backers on a permissionless platform are looking for evidence that you have thought about failure, and a specific risk (“our one supplier is on a month-to-month contract”) reads as competence while a vague one (“market conditions”) reads as evasion.

3. Prove you are you

Domain verification is required before you can submit: on Review you publish a DNS TXT code we give you and press Check again. X verification (proof tweet) is optional. Both markers are visible on your page.

4. Stand up the entity

This is the step that separates a raise here from a token launch anywhere else. A Cayman SPC through MetaLeX takes about five minutes inside the wizard and is required before you can submit — every raise has one. You sign your intellectual property, your domain and your accounts over to it, and it answers to the DAO. What backers end up holding is a claim on a company that owns something, not a token beside a promise. See your legal entity for what the structure actually does.

MetaLeX charges no formation fee — formation is covered. The $15 Backable draft fee is anti-spam; MetaDAO is paid later from trading volume on your liquidity (futarchyAMM and Meteora) if the token does well.

5. File your disclosure

The covers prior token sales, market-maker deals, insider allocations, and known risks. Every raise files one, so the signal is not whether it exists but what is in it — you are volunteering the things that could embarrass you later.

6. Go live

Pay $15 to create the saved draft (if you have not already), finish Review — including domain verification — and submit. The raise is queued and usually appears on the homepage within about a minute (contact Telegram if it takes more than ten). During the window, commitments accumulate in where you cannot touch them.

If you hit your goal

Eighty percent of the goal lands in your project treasury, twenty percent seeds , and any commitments above the goal stay with their backers to claim back. From then on you draw your , and anything larger goes to a .

If you miss

Every backer can claim their money back in full and you walk away clean. You keep the entity and the page, you are out $15, and you can launch again. A missed raise is not a mark against you; it is the most common outcome here.

Worth saying to your backers plainly, because it is the one thing people get wrong: the refund is a claim they send themselves from the raise page, not a transfer that arrives on its own. Nobody can stop it, and there is no deadline, but nothing lands in their wallet until they ask for it.

Straight talk about the odds. Most raises on Backable do not fund. The ones that do tend to share three things: something working that people can look at, a budget that reads like a real plan rather than a wish, and a founder who wrote their own risk case honestly. If you have none of those yet, launching now mostly buys you a public miss. The base rate is nobody's fault: fewer than 1% of US companies ever raise venture capital, 22% of new businesses close inside a year, and roughly half are gone in five — Backable is no exception to those statistics. What it changes is what a miss costs: every backer claims their money back, and you owe nothing.

What you are agreeing to

Costs & constraints in one place. $15 for a saved draft (non-refundable, anti-spam). MetaLeX formation is covered — no separate fee. MetaDAO earns from trading volume on project liquidity over time if the token does well. On a successful raise, 20% of the goal seeds liquidity and 80% goes to treasury. Your monthly budget cannot exceed goal ÷ 6 — the Deal step enforces that ceiling.

The program enforces the monthly budget, the performance package unlocks, and the claim path. Read the Terms before you pay.

Your legal entity5 min read Go-to-market6 min read Start building$15 to draft