71–74 of 74 posts
I thought I would give this thread some time to mellow out. I can't see your email address in your profile. I am in the Bay Area, as I believe you are. Currently not working and have a good deal of spare time. Would you mind having a quick email to perhaps see if we can colab on something? I am sure you got a lot of comments and thought that at one time your email was listed, and now it is unlisted. I won't take up m…
I thought I would give this thread some time to mellow out. I can't see your email address in your profile. I am in the Bay Area, as I believe you are. Currently not working and have a good deal of spare time. Would you mind having a quick email to perhaps see if we can colab on something? I am sure you got a lot of comments and thought that at one time your email was listed, and now it is unlisted. I won't take up m…
Personally I'm not big on ideas that absolutely require scale to succeed. As for market, it really depends on the market and idea as a whole. I prefer consumer facing companies that are not vertical specific.
Earlier quoted context omitted.
Not really. You must have a substantial, pre-existing relationship with the investor and you may only have a few investors. Even then, because these are non-accredited investors, you may have trouble raising financing in later rounds. The idea of OpenStarts is that you can be funded by thousands of people you've never met and there's no penalty later.
while i can't speak to the 'penalty later' part, profounder does make it possible for kickstarter type fundraising from strangers. however, those people can't make more than their original investment back (sort of like kiva, which is not surprising, because Jessica Jackley, the pro-founder CEO, was one of kiva's co-founders)
My name is David Lang, I'm the Community Manager at ProFounder. I wanted to weigh in on the great discussion above. ProFounder does, in fact, allow for equity investments and is legally compliant. As mentioned above, it's SEC compliant due to the fact that investors have prior, substantial relationships with the entrepreneurs.