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> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
I'm pretty convinced the vast majority of tech startups were started by individuals who relied on their family supporting them through the initial phases of their business.
> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
I'm pretty convinced the vast majority of tech startups were started by individuals who relied on their family supporting them through the initial phases of their business.
> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
[1] http://www.sec.gov/info/smallbus/secg/accredited-investor-ne...
Earlier quoted context omitted.
I'm pretty convinced the vast majority of tech startups were started by individuals who relied on their family supporting them through the initial phases of their business.
pretty convinced from what data? source please? thanks!
A corporation, being a legal fiction, can only act through physical persons. So in that respect, no corporation can be truly autonomous. It sounds like what they have done is taken all the paperwork associated with corporate activity: by-laws, annual meeting minutes, resolutions, etc., and put them into a block chain. A more proper description would be a paperless corporation.
> Currently only the privileged can found and fund new companies. What? It's about $200 in Seattle to file to register a Limited Liability Company. It's a stretch to call that 'only the privileged'.
"Do the paperwork for creation" has only a passing resemblance to "found and fund."
"fund" just means putting some money into a bank account for it. you could fund a company with a dollar (and many people do, for symbolic reasons).