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No, ProFounder requires users to send non-transferrable email invitations to their friends and family (or "community"), i.e. pre-existing relationships. Afaik t
by 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 agoThat's the problem - nobody wants to hit up friends and family members. I think Angel.co does a better job than profounder.