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This sounds like the type of investment round that would be a much better fit for most open source companies. The way Discourse got started was very similar, ex
by erlend_sh 8y ago
This sounds like the type of investment round that would be a much better fit for most open source companies. The way Discourse got started was very similar, except for it being a Delaware C Corp rather than LLC.
I wish there was a crowdfunding platform that made investments like these more accessible to the general public, similar to Republic.co but without that need for an exit to get a return on your investment.
- zapita 8y agoI completely agree. I didn't know about how Discourse was started, but would be interested to learn more. Do you have an article or writeup to recommend to learn more?
- zrail 8y agoAs I understand it there’s nothing stopping a company from setting up a Regulation CF round on one of the crowd funding platforms like MicroVentures or SeedInvest. MicroVentures in particular seems to do deals like this for movie productions, which have a similar structure but also probable Hollywood style accounting.