4 ms·

I have been playing in that space since 2008. ProFounder is doing it wrong because technically, people can only invest if they have a pre-existing relationship

• kalvin 15y ago
  No, ProFounder requires users to send non-transferrable email invitations to their friends and family (or "community"), i.e. pre-existing relationships. Afaik they don't provide a way to meet investors on the site, like you're suggesting. For how they address other potential legal issues, go here: http://www.quora.com/Is-ProFounder-in-violation-of-any-securities-laws-with-their-crowdsourced-model-for-funding-startups?q=profounder http://www.quora.com/Is-ProFounder-in-violation-of-any-secur...
  • nhangen 15y ago
    That's the problem - nobody wants to hit up friends and family members. I think Angel.co does a better job than profounder.