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You probably don't qualify. Entrepreneurs should only accept money from an accredited investor. If all you have is low tens of thousands, very high chance you'r
by us 16y ago
You probably don't qualify. Entrepreneurs should only accept money from an accredited investor. If all you have is low tens of thousands, very high chance you're not accredited. Meaning no one should be taking money from you.
- gojomo 16y agoThe 'accredited investor' rules make it hard to accept traditional equity investments from small net-worth investors. My understanding is that ventures can take a small number of close-family/friends/founding-employee investments from non-accredited investors, but the added costs and risks of setting this up limit its use when there are other options. Yet, there are attempts to hack-around the traditional overhead. Though I know very little about it, I'm intrigued by 'ProFounder', a funding mechanism that seems to use revenue-shares rather than equity to get around some of the regulatory barriers that otherwise prevent crowdfunding by small investors. See: http://www.profounder.com http://www.profounder.com The founding team with kiva.org alumni (and recognizable advisors and investors) suggest this isn't just some dreamy, naive, or fly-by-night undertaking.
- BerislavLopac 16y agoIs Profounder actually working? Any experiences?
- knowledgesale 16y agoAnother similar project is http://www.Prosper.com http://www.Prosper.com (recommended by user crasshopper)