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while i can't speak to the 'penalty later' part, profounder does make it possible for kickstarter type fundraising from strangers. however, those people can't m
by milkshakes 15y ago
while i can't speak to the 'penalty later' part, profounder does make it possible for kickstarter type fundraising from strangers. however, those people can't make more than their original investment back (sort of like kiva, which is not surprising, because Jessica Jackley, the pro-founder CEO, was one of kiva's co-founders)
- davidthomaslang 15y agoHi all, My name is David Lang, I'm the Community Manager at ProFounder. I wanted to weigh in on the great discussion above. ProFounder does, in fact, allow for equity investments and is legally compliant. As mentioned above, it's SEC compliant due to the fact that investors have prior, substantial relationships with the entrepreneurs.