Ask HN: Proof of concept for my web site

Re:Ask HN: Proof of concept for my web site by owkaye on Wednesday December 17, 2008 @12:36AM (#400600)

You haven't explained your proposed legal structure so it's hard to comment. How do you plan to structure it? Will the money each person contributes be a donation, or a loan, or an equity investment, or ???

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Re:Ask HN: Proof of concept for my web site by david927 on Wednesday December 17, 2008 @01:48AM (#400649)

The money each person contributes will be an equity investment.

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Re:Ask HN: Proof of concept for my web site by owkaye on Wednesday December 17, 2008 @05:05AM (#400736)

You cannot advertise equity investments to the general public in the USA without registering with the SEC. Do you plan to do this?

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Re:Ask HN: Proof of concept for my web site by david927 on Wednesday December 17, 2008 @07:30AM (#400824)

Thanks for your help. This was just an idea I wanted to run up the flag pole. I don't plan to implement the site unless I can partner with someone who would be able to handle the main part: the SEC and legal.

That said, I'm dying to see someone (anyone) implement something like this. It's simply the future of funding web applications, in my opinion.

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