Will you like a Kickstarter for startups?

https://news.ycombinator.com/item?id=2080594

by ccarnino • 16 years ago

4 8 16 years ago

news.ycombinator.com

Where users can invest, without getting company shares, in your startup

Kilimanjaro2• 16 years ago

I've been thinking exactly the same thing, but giving investors the option to get shares. Something like micro-angels, offer a pool of 1000 shares valued at 5% of your startup and sell them for say $10 each, or something like that.

Easy for people to invest in ideas they like and still being able to own something from the startup.

Kilimanjaro2• 16 years ago

Of course the startup might not be registered yet, so the legal aspects must be studied with care. But having a list of 'donors' and honoring that list when the startup grows is the right thing to do.

retroafroman• 16 years ago

Aren't there SEC issues with this in the USA? It seems like I heard something about non accredited investors that limits this type of system. But I may be wrong.

ccarnino• 16 years ago

I don't know how are the legal aspects, but I think that give the ability to customers to pre-buy the product, or as kickstarter, do a simbolyc investment. Eg. $10 for thank in the honor page and a t-shirt.

noctrine• 16 years ago

I think those legal issues are the reason that Kickstarter doesn't allow you to give shares as a 'thank you' for donating.

GeoffSakala• 16 years ago

Sounds like Profounder. Yes, there are significant legal issues to overcome in each state in fact. One idea that is intriguing is founders swapping equity. So if I give up 1-2% into a pool and receive a blended 1-2% back of a pool of other startups I'd jump at that chance.

dstein• 16 years ago

Maybe one way to do this, would be to make a "startup coupon" system. Where people would actually donate real money, which become coupons for whichever startups you want to support. And once the startup is running, the actual money would be deposited to the company, and users can redeem their coupons.

jparicka• 16 years ago

I'm looking for about 4,500 to carry on and go live with this http://alpha.beepl.com:8889 Any ideas? Thanks!

Will you like a Kickstarter for startups?

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