Profounder: Micro-investing?

http://www.profounder.com/

by tswicegood • 16 years ago

12 6 16 years ago

tswicegood• 16 years ago

Just came across these guys. Looks interesting, to say the least. Former Kiva folks involved too, so they know how to do the micro thing. Curious from thoughts/experience/feedback from other HN types that have worked with these guys.

DiabloD32• 16 years ago

I hate to make a "me-too" comment, but I'm rather interested in this. I hope they're legit and aboveboard. Its hard to find people worth investing in.

How does this comapre to Kickstarter?

rgarver• 16 years ago

As CTO at ProFounder I'd like to think we are both legit and aboveboard. We've got a very open team and we are all very excited at the opportunity to help small businesses. The legal elements to what we are doing are complex and we see it as port of our jobs to communicate them clearly to all parties who take part.

ProFounder is different from Kickstarter in that we aren't a donation platform but an investment platform. That means that you can get the money you put in back and possibly even have some upside if the business does well. Correspondingly you as the investor take on some risk as with all investments.

DiabloD32• 16 years ago

The fact that you replied to me here on HN says a lot. I wish you good luck.

kbob• 16 years ago

I know Profounder is in very early stage, but where is the interface for investors? It's important to see how investors will interact with the site.

dbrown26• 16 years ago

How do they get around the SEC's "sophisticated investor" regulations? Ignoring them may make follow on rounds extremely complex -- if not impossible. Also, having a polluted cap table makes subsequent raises far more difficult. [Edit: By polluted, I mean having many, many investors.]

Profounder: Micro-investing?

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