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Re:2days2fund by patio11 on Friday July 08, 2011 @01:57AM (#2741427)
You know the problem of offering people money in the future for money in the present contingent on a business's success? The problem is that you are offering a security. (The related problem is that you're going to wade into chargeback hell in this business model.)

If anybody ever wants to organize a Our Fans Fund Us style thingy, avoid offering money. Instead, offer status, captured in the form of a specific deliverable. That can be a 16x16 pixel badge with your pre-order, whatever, but it will mitigate your payment processor worries and avoid an unpleasant conversation with the SEC. (They really will notice startups doing innovative things in finance. Ask Prosper - who didn't, after being shut down for 18 months.)

Re:2days2fund by coryl on Friday July 08, 2011 @02:06AM (#2741442)
My first thoughts exactly. I think this is why you can't buy "equity" or ever get any monetary return on projects on Kickstarter.

So unless you've figured out a way to get around the law..

Re:2days2fund by wccrawford on Friday July 08, 2011 @07:17AM (#2741982)
I would probably try funding an idea or 2 for that rate of return, but it makes me really reluctant to put an idea in the ring. It'd have to be an amazing idea, and even then, I think I could fund it myself.
Re:2days2fund by epaga on Friday July 08, 2011 @07:16AM (#2741980)
Sounds extremely similar to Appbackr: http://www.appbackr.com/
Re:2days2fund by desaiguddu on Friday July 08, 2011 @10:34AM (#2742557)
yeah, I guess the value returns are different than appbackr.
Re:2days2fund by desaiguddu on Friday July 08, 2011 @10:36AM (#2742570)
2days2fund is an event by Believers Fund
Re:2days2fund by gojomo on Friday July 08, 2011 @02:13AM (#2741456)
Interesting. Lives somewhere between Kickstarter – where you donate, and get non-monetary considerations from a fixed schedule – and ProFounder – where you contribute funding and get a future revenue-share.

If revenue-sharing formulas can get around the oppressive regulations on raising money through true equity, there could be room for a lot of novel crowdfunding models. ProFounder seems pretty confident in its own legality, and has a seemingly-knowledgeable group of managers, advisors, and investors:

https://www.profounder.com/about/team

Re:2days2fund by Stythys on Friday July 08, 2011 @12:57AM (#2741340)
all the faq links are broken for me
Re:2days2fund by desaiguddu on Friday July 08, 2011 @02:21AM (#2741476)
surely , look in to it.! Thanks for feedback