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There sort of is: Profounder. More info here: http://techcrunch.com/2010/11/30/profounder-launches-to-help-small-businesses-crowdsource-fundraising http://techc
by jonbischke 16y ago
There sort of is: Profounder. More info here: http://techcrunch.com/2010/11/30/profounder-launches-to-help-small-businesses-crowdsource-fundraising http://techcrunch.com/2010/11/30/profounder-launches-to-help... and interesting thread of whether this is actually legal here: http://www.quora.com/Is-ProFounder-in-violation-of-any-securities-laws-with-their-crowdsourced-model-for-funding-startups http://www.quora.com/Is-ProFounder-in-violation-of-any-secur...
- noodle 16y agolooks more like a microfinance operation like prosper or lendingclub than actual investment. profits above and beyond repayment go to a nonprofit.
- jessicajackley 16y agoThere are two ways business can raise money on ProFounder, either through a Private Raise or a Public Raise. Private Raises do involve entrepreneurs offering securities (based around sharing a % of revenues), while Public Raises involve sharing revenues as well, but with the actual financial gain (above and beyond the original investment amount) going to a nonprofit. So, yes, investors can make "actual investments" on the site! More here: http://www.profounder.com/about/how_it_works http://www.profounder.com/about/how_it_works
- deleted 16y ago[deleted]