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> for regulatory reasons, credit cards could not be used to invest; and while SeedInvest, the platform we used to execute the round, was able to accept debit ca
by _rpd 7y ago
> for regulatory reasons, credit cards could not be used to invest; and while SeedInvest, the platform we used to execute the round, was able to accept debit cards initially, our debit card processor decided, several weeks in, that it no longer wished to support crowdfunding initiatives.
Cautionary tale for equity-based crowdfunding. I'd love to read about some success stories.
- aphextron 7y ago> "equity-based crowdfunding" Isn't that called an IPO?
- anandchowdhary 7y ago> Isn't that called an IPO? No, it's like regular crowdfunding (think Kickstarter where you see a pitch and add your credit card) but you get equity in the company instead of a product. It's still not a publicly traded corporation, just another private company but with way more individual investors owning small stakes. AngelList [1], Fundable [2], and SyndicateRoom [3] are some popular choices for equity crowdfunding. [1] https://angel.co/invest https://angel.co/invest [2] https://www.fundable.com https://www.fundable.com [3] https://www.syndicateroom.com https://www.syndicateroom.com