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Hi all! My name is David Lang, I'm the Community Manager at ProFounder. I wanted to clarify a few things about our platform and also provide some resources for
by DLang 16y ago
Hi all!
My name is David Lang, I'm the Community Manager at ProFounder. I wanted to clarify a few things about our platform and also provide some resources for those who are interested in learning more.
ProFounder is a crowdfunding platform for entrepreneurs that provides an easy-to-use interface to raise money from friends, family and people that you know. In the words of the SEC, the investors must have a "prior, substantial relationship" to the entrepreneur. We're not getting around any SEC rules by using revenue share. There are SEC compliance requirements for each state. We've found that - for the entrepreneurs that use our platform - the flexibility provided by the rev share model is key.
There have been a number of successful raises on the platform, between $10k - $60k. Check out the blog to read more about the case studies:
http://blog.profounder.com http://blog.profounder.com
Also, if you have any more specific questions, I'm happy to answer them!