- 01
Gifts, not investments
A backing is a voluntary gift towards a goal. Nothing is sold, no ownership changes hands and no return is promised. Backers support a person; you keep control.
- 02
Why milestones still matter
Without contracts, Backers rely on transparency. Money is held per milestone and released only when you prove progress, so they can give with confidence.
- 03
What you owe Backers
Honesty: a true story, proof for each milestone and updates in chat. Not profits or repayment. If you cannot finish, unreleased money goes back to Backers.
How Backers are protected
14-day review per milestone
When proof is posted, each Backer has 14 days to release their share or ask for more. Money not released in time goes back to the Backer.
15% fee, deducted — never added
Backers pay exactly what they choose. The 15% fee comes out of each backing: $100 gives the Dreamer $85. The fee is kept if money is returned.
Gifts, not shares
Backings are gifts. No shares, equity, interest or repayment, and Dreamers keep full ownership. Nothing on cohero is an investment or a loan.
Example milestone plan
An example plan for a cycling race dream with a goal of $9,000. Backers fund the whole goal, but each milestone's money stays held until you post the proof and Backers release it.
Milestone 1
$1,800 · 20%
Confirm event and setup
Post entry confirmation, a bike condition checklist and a course-specific preparation outline with private details hidden.
Milestone 2
$3,150 · 35%
Service and equip bike
Share workshop invoices, replacement-part receipts and photos of the completed setup, with frame serial numbers concealed.
Milestone 3
$2,250 · 25%
Test race preparation
Post dated training ride summaries, a loaded transport check and travel confirmations with personal booking details removed.
Milestone 4
$1,800 · 20%
Report race participation
Share start-area evidence, a race activity file or published result where available, plus a report on the bike’s performance.
Budget example
A typical cost split for a cycling race dream in Atlanta, shown in USD. Backers are charged the equivalent in US dollars.
Example goal
$9,000
- Bicycle parts and servicing$3,600 · 40%
- Race travel and bike transport$2,700 · 30%
- Training and preparation support$1,800 · 20%
- Entry and race consumables$900 · 10%
What you receive
- Backers give
- $9,000
- Platform fee (15%)
- −$1,350
- You receive
- $7,650
Risks to plan for
- R1
Mechanical problems recur
A repaired bike may still develop faults during longer rides. Put a race-length equipment test after servicing and include essential spares in the parts budget before travel is finalised.
- R2
Bike transport damage
Transport can damage a race-ready setup or delay its arrival. Budget for suitable packing and show a transport plan during preparation, leaving time to inspect the bike before the event.
- R3
Course demands differ
The course may demand gearing or handling skills not covered by routine rides. Review the route early and link training proof and final component choices to the actual event conditions.
Questions and answers
Can I include a replacement bike in the goal?
Explain why the existing bike does not suit the event and show how the proposed replacement fits the race plan. Keep the equipment scope explicit, with purchase records and a tested setup before travel and participation proof.
What if I start the race but do not finish?
Post a factual race report with participation evidence and explain why the ride ended. Set the final milestone around documented event participation rather than a guaranteed finish, placing completed preparation in earlier stages.
Do I have to pay Backers back?
No. Money released for completed milestones is yours. Money still held for unfinished milestones can go back to Backers under the Backing Policy, minus the platform fee.
Ready when you are
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