Help Me HN: Can't think of new ideas I am interested on working on

Re:Help Me HN: Can't think of new ideas I am interested on w... by david927 on Sunday June 05, 2011 @12:06PM (#2622243)

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.

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Re:Help Me HN: Can't think of new ideas I am interested on w... by milkshakes on Monday June 06, 2011 @03:15AM (#2623985)

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)

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Re:Help Me HN: Can't think of new ideas I am interested on w... by davidthomaslang on Tuesday June 14, 2011 @08:27PM (#2655459)

Hi all,

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.

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