Show HN: Our Equity Crowdfunding Platform Is Officially Live

http://www.rockthepost.com

by acremades • 13 years ago

16 13 13 years ago

marcstein• 13 years ago

Congrats!

nodesocket• 13 years ago

Why is the maximum amount an individual can invest $5000? Even trying to raise $100,000, that is 20 people. Is this a limit baked into the law?

acremades4• 13 years ago

Maximum and minimum amounts are set by the startup. On average $1k-$5k is the lower range of investments.

tptacek• 13 years ago

There is something jarring about the concept of jewelry designers pulling in mid-six-figures from accredited investors.

kybernetyk• 13 years ago

First: Cool idea.

> Minimum investments from $1,000-$5,000.

Hmm ... imho that's too much for 'casual for the fun investing'. I'd be willing to 'invest' $250 into some cool idea just because I like it. But $1k is over my pain barrier for mindlessly throwing money at stuff and most probably lose it.

Also are there already startups signed up? I can't find a way to browse active projects.

acremades4• 13 years ago

We have over 6,000 registered startups and 3 are currently in preview mode before accepting investments in 6 days. One of them won the “Audience Choice Award” at TechCrunch Disrupt NYC.

ph0rque• 13 years ago

I'm assuming that the accredited investor requirement is still in place (i.e. this isn't the new JOBS investment opportunity)?

acremades4• 13 years ago

Correct. We are operating via Regulation D.

http://www.sec.gov/answers/regd.htm

hnwh• 13 years ago

Why do you need to access my connections, and send messages and invitations as me? http://d.pr/i/Ikf2

Not signing up..

acremades4• 13 years ago

We don't automatically send anything through LinkedIn. However, we have a feature that allows an entrepreneur to send an invitation to someone else via LinkedIn's API. In order for that to function we need the permissions you are referring to. When we have more time we will probably reduce the number of requested permissions for general users.

MisterBastahrd• 13 years ago

So this is completely worthless to the average person on the street, since you have to be an accredited investor in order to participate. This is no more "crowdfunding" than getting on a private jet is "crowdboarding."

gamblor956• 13 years ago

They appear to be using the Regulation D exemption to SEC registration, so generally among the other restrictions:

- no soliciting or advertising the offering to the general public (though state exceptions to this limitation apply for offerings < $1 million)

- all investors must receive restricted shares (shares which are not publicly tradeable for at least 6 months without registration)

If seeking investment of greater than $1 million, generally...

- company financial statements must be audited

- no soliciting or advertising the offering even pursuant to state exceptions

Note that Reg D precedes the crowdfunding bill, so the restrictions will probably change/go away when the appropriate federal agencies finally issue regulations promulgating the new crowdfunding rules.

mdda• 13 years ago

Hmmm. The video pitch seems to put them in an investment banking/advisory role, whereas their Ts&Cs disclaim everything :

"For investors, you can rest assured that the deals you're seeing on our platform are highly vetted, and they're top-notch. We've done the homework, we've done all the due diligence, we've done the background checks..."

Show HN: Our Equity Crowdfunding Platform Is Officially Live

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