This post violates all sorts of securities laws regarding fundraising.
no, taking donations is different than having investors who will receive equity.
Crowd-Sourced Capital
11–20 of 23 posts
Re: Crowd-Sourced Capital
#12someone has got to say it...
how many donations will you get calley (ex-model right?) because people think you're hott?
Re: Crowd-Sourced Capital
#13This post violates all sorts of securities laws regarding fundraising.
no, taking donations is different than having investors who will receive equity.
IANAL, but I agree with her. This should not violate security rules as she's not selling you securities ;). She can easily book the donations as payment for future services in case there are other accounting issues at stake.
Good luck!!! I would LOVE to have access to the product as described in your post. FeedBurner and the like confuse the hell out of a small time blogger such as myself ;).
Re: Crowd-Sourced Capital
#14@mkn That's a great idea, but the point is that I don't have the money to build it. How do you raise money for a site to raise money? And I am extremely dedicated to this idea right now. @gz The idea is fully developed, I just don't want every aspect of my business to be public before I have a concrete product built. And to "so when the $25k runs out, what?" Isn't that question the cornerstone to every investment eve…
Thanks for your response. Sorry if I was sarcastic but honestly that's how it spontaneously came out and certainly it's nothing personal. My point regarding the $25K was that some people may be concerned about your ability to raise capital so perhaps this is something you should address (otherwise put: why crowd-sourcing in the first place?).
If your idea is fully developed then I misinterpreted the following statement on being stealthy: "I don’t want to build up one idea, just to iterate and have it be something totally different."
I am looking forward to the blog post about your entrepreneurial skills. One more thing: you could perhaps say much more about your idea without revealing what it is: eg, how big of a market is it that you are entering? How many competitors? How are you differentiating yourself? How long will it take? What will your sources of revenue be? You get the gist... give potential investors more info so that they can place an educated bet.
Good luck.
Re: Crowd-Sourced Capital
#15Earlier quoted context omitted.
no, taking donations is different than having investors who will receive equity.
IANAL, but I agree with her. This should not violate security rules as she's not selling you securities ;). She can easily book the donations as payment for future services in case there are other accounting issues at stake. Good luck!!! I would LOVE to have access to the product as described in your post. FeedBurner and the like confuse the hell out of a small time blogger such as myself ;).
This should not violate security rules as she's not selling you securities ;).
This clause might be a problem:
the top 100 donations will receive a lifetime premium membership.
If I donate X amount of money, I do not know if I will receive the lifetime membership. I could ultimately be outbid; or I might ultimately not be outbid. It is a game of chance; and unlike in the case of an auction, I pay whether I win or lose. That might make this an unlicenced gambling enterprise.
IANAL, but I would guess that if you are going to offer for sale specified products or services, you need to guarantee that paying customers will receive those specified products or services.
Re: Crowd-Sourced Capital
#16Earlier quoted context omitted.
no, taking donations is different than having investors who will receive equity.
IANAL, but I agree with her. This should not violate security rules as she's not selling you securities ;). She can easily book the donations as payment for future services in case there are other accounting issues at stake. Good luck!!! I would LOVE to have access to the product as described in your post. FeedBurner and the like confuse the hell out of a small time blogger such as myself ;).
[deleted]
Re: Crowd-Sourced Capital
#17While I can appreciate this approach from a one-off perspective, it seems like it would make more sense to package this process up, like some of the micro-lending services. The key difference is that there's no fixed interest (compound or simple) on the investment, but the sky is the limit. Call it anyVC.com. You'd allow people to submit their startup idea, business name, contact info, anticipated operating expenses,…
I think this is what http://www.vencorps.com/ is doing. In regards of your post to the OP: do it once, then refactor. :)
Re: Crowd-Sourced Capital
#18@mkn That's a great idea, but the point is that I don't have the money to build it. How do you raise money for a site to raise money? And I am extremely dedicated to this idea right now. @gz The idea is fully developed, I just don't want every aspect of my business to be public before I have a concrete product built. And to "so when the $25k runs out, what?" Isn't that question the cornerstone to every investment eve…
Thanks for your response. Sorry if I was sarcastic but honestly that's how it spontaneously came out and certainly it's nothing personal. My point regarding the $25K was that some people may be concerned about your ability to raise capital so perhaps this is something you should address (otherwise put: why crowd-sourcing in the first place?). If your idea is fully developed then I misinterpreted the following stateme…
An idea can be fully developed but still have to change. There's an iterative process involved in all startups, and it has nothing to do with the development of the idea and has everything to do with limitations, competitive edge and strategy. Startups iterate all the time, and it does not mean the first idea didn't have merit.
If you sit down and really think about what I'm doing, in a purely business (not money) sort of way, you may begin to see why I'm doing it. There are 20 reasons that have nothing to do with money that I can think of off the top of my head.
And I don't know how anyone could describe their business that way without saying what it is. How can I say what differentiates Dashbuzz without saying exactly what it is I'm doing?
And no offense taken, I appreciate your input :)
Re: Crowd-Sourced Capital
#19Earlier quoted context omitted.
IANAL, but I agree with her. This should not violate security rules as she's not selling you securities ;). She can easily book the donations as payment for future services in case there are other accounting issues at stake. Good luck!!! I would LOVE to have access to the product as described in your post. FeedBurner and the like confuse the hell out of a small time blogger such as myself ;).
This should not violate security rules as she's not selling you securities ;). This clause might be a problem: the top 100 donations will receive a lifetime premium membership. If I donate X amount of money, I do not know if I will receive the lifetime membership. I could ultimately be outbid; or I might ultimately not be outbid. It is a game of chance; and unlike in the case of an auction, I pay whether I win or los…
interesting point, i had not thought of that. will talk to my lawyer.
thanks!
Re: Crowd-Sourced Capital
#20@mkn That's a great idea, but the point is that I don't have the money to build it. How do you raise money for a site to raise money? And I am extremely dedicated to this idea right now. @gz The idea is fully developed, I just don't want every aspect of my business to be public before I have a concrete product built. And to "so when the $25k runs out, what?" Isn't that question the cornerstone to every investment eve…
Thanks for your response. Sorry if I was sarcastic but honestly that's how it spontaneously came out and certainly it's nothing personal. My point regarding the $25K was that some people may be concerned about your ability to raise capital so perhaps this is something you should address (otherwise put: why crowd-sourcing in the first place?). If your idea is fully developed then I misinterpreted the following stateme…
Your idea is never exactly what you first thought it would be. pretty sure reddit was something entirely different when they started. same with auctomatic. justin.tv is now kiko.