MainShares Entrepreneur Verification Process
In order to join the Mainshares platform, entrepreneurs are required to pass a verification process. As of November 1, 2023, only 61% of entrepreneurs pass our verification process. The purpose of Mainshares verification is to ensure that entrepreneurs are motivated and capable of transacting.
Our team closely evaluates entrepreneurs by requesting a range of information and conducting virtual interviews. Below are some of the key checks we conduct during our screening process.
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Application & Documents
We collect and review a range of information regarding the entrepreneur’s work history, educational history, liquid assets, and target transaction.
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Identity Verification
We leverage Persona to complete identity verification. This leverages public records to ensure the individual is an alive person with a valid residential address.
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Background & Public Record Checks
We partnered with Checkr to complete a background check that includes a search of the federal database for criminal records. For entrepreneurs that raise capital on Mainshares.com, we conduct “Bad Actor” checks as well.
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Soft Credit Check
We conduct soft credit pulls on the entrepreneurs to ensure that they have appropriately managed their personal finances, have a good FICO score and will qualify for an SBA loan.
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Virtual Interview
Lastly, we interview the entrepreneurs to understand their professional and personal goals, confirm that they are serious about buying a business, and to check that they have a strong enough understanding of the industries that they are targeting.
For more information on Mainshares Verified Entrepreneurs, contact our Support Team.