Profounder: Micro-investing? 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.