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- geoburke 6y agoI'm one of the founders behind Founderpool. This is one of 10 or 12 best ideas our team has come up with ;)
- sshamoon 6y agoFascinating. 3 points: 1. Site loads a bit slow 2. Do I need to be an accredited investor? 3. How is value assessed?
- csentropy 6y ago1. Thanks, we are working on it 2. Yes 3. Based on the value of your stock, determined by fair market value and other assets you hold
- geoburke 6y agoAccreditation is easily achieved just by having raised money for your company. A founder who owns 20% and raised at a $5M cap/valuation meets the $1M asset threshold.
- asparagus123 6y agoGreat idea & looks super interesting. there must be something like this that already exists?
- csentropy 6y agoWe didn't find any, so we had to build it. Thank you for the feedback
- tskweres 6y agoserial entrepreneurs will love this, interested to know how cashing out will work
- csentropy 6y agodisbursements will happen at exit or liquidity event. If a company gets acquired, proceeds go to pool members pro rata. Stock distributions if it IPOs
- calmessense 6y agoIs there a voting mechanism? who picks the companies
- csentropy 6y agoIt's peer selection based on ranking. We are moving to a version of Gale-Shapley stable algorithm for pool construction
- BlockchainMike 6y agoThis is a really cool way for founders to work together. Would it be organized into rounds or a general pool?
- csentropy 6y agoIts organized in rounds, but current pool members can invite other startups in with a unanimous consent.
- jennstarr 6y agoShaan Puri has a podcast called My First Million and he talks about a concept really similar to this. He's active on Twitter. You may try to get him to look at it.
- csentropy 6y agoThank you! Will check it out.