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http://founderpools.com

by csentropy • 6 years ago

11 14 6 years ago

founderpools.com

geoburke2• 6 years ago

I'm one of the founders behind Founderpool. This is one of 10 or 12 best ideas our team has come up with ;)

sshamoon• 6 years ago

Fascinating. 3 points: 1. Site loads a bit slow 2. Do I need to be an accredited investor? 3. How is value assessed?

csentropy6• 6 years ago

1. Thanks, we are working on it 2. Yes 3. Based on the value of your stock, determined by fair market value and other assets you hold

geoburke2• 6 years ago

Accreditation is easily achieved just by having raised money for your company. A founder who owns 20% and raised at a $5M cap/valuation meets the $1M asset threshold.

asparagus123• 6 years ago

Great idea & looks super interesting. there must be something like this that already exists?

csentropy6• 6 years ago

We didn't find any, so we had to build it. Thank you for the feedback

tskweres• 6 years ago

serial entrepreneurs will love this, interested to know how cashing out will work

csentropy6• 6 years ago

disbursements will happen at exit or liquidity event. If a company gets acquired, proceeds go to pool members pro rata. Stock distributions if it IPOs

calmessense• 6 years ago

Is there a voting mechanism? who picks the companies

csentropy6• 6 years ago

It's peer selection based on ranking. We are moving to a version of Gale-Shapley stable algorithm for pool construction

BlockchainMike• 6 years ago

This is a really cool way for founders to work together. Would it be organized into rounds or a general pool?

csentropy6• 6 years ago

Its organized in rounds, but current pool members can invite other startups in with a unanimous consent.

jennstarr• 6 years ago

Shaan Puri has a podcast called My First Million and he talks about a concept really similar to this. He's active on Twitter. You may try to get him to look at it.

csentropy6• 6 years ago

Thank you! Will check it out.

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