3 ms·

2days2fund

14 points by desaiguddu 15y ago

Stythys 15y ago
all the faq links are broken for me
- desaiguddu 15y ago
  surely , look in to it.! Thanks for feedback
patio11 15y ago
You know the problem of offering people money in the future for money in the present contingent on a business's success? The problem is that you are offering a security. (The related problem is that you're going to wade into chargeback hell in this business model.) If anybody ever wants to organize a Our Fans Fund Us style thingy, avoid offering money. Instead, offer status, captured in the form of a specific deliverable. That can be a 16x16 pixel badge with your pre-order, whatever, but it will mitigate your payment processor worries and avoid an unpleasant conversation with the SEC. (They really will notice startups doing innovative things in finance. Ask Prosper - who didn't, after being shut down for 18 months.)
- coryl 15y ago
  My first thoughts exactly. I think this is why you can't buy "equity" or ever get any monetary return on projects on Kickstarter. So unless you've figured out a way to get around the law..
  - deleted 15y ago
    [deleted]
gojomo 15y ago
Interesting. Lives somewhere between Kickstarter – where you donate, and get non-monetary considerations from a fixed schedule – and ProFounder – where you contribute funding and get a future revenue-share. If revenue-sharing formulas can get around the oppressive regulations on raising money through true equity, there could be room for a lot of novel crowdfunding models. ProFounder seems pretty confident in its own legality, and has a seemingly-knowledgeable group of managers, advisors, and investors: https://www.profounder.com/about/team https://www.profounder.com/about/team
epaga 15y ago
Sounds extremely similar to Appbackr: http://www.appbackr.com/ http://www.appbackr.com/
- desaiguddu 15y ago
  yeah, I guess the value returns are different than appbackr.
wccrawford 15y ago
I would probably try funding an idea or 2 for that rate of return, but it makes me really reluctant to put an idea in the ring. It'd have to be an amazing idea, and even then, I think I could fund it myself.
desaiguddu 15y ago
2days2fund is an event by Believers Fund

2days2fund

14 points by desaiguddu 15y ago

Stythys 15y ago

all the faq links are broken for me

desaiguddu 15y ago
surely , look in to it.! Thanks for feedback

patio11 15y ago

You know the problem of offering people money in the future for money in the present contingent on a business's success? The problem is that you are offering a security. (The related problem is that you're going to wade into chargeback hell in this business model.) If anybody ever wants to organize a Our Fans Fund Us style thingy, avoid offering money. Instead, offer status, captured in the form of a specific deliverable. That can be a 16x16 pixel badge with your pre-order, whatever, but it will mitigate your payment processor worries and avoid an unpleasant conversation with the SEC. (They really will notice startups doing innovative things in finance. Ask Prosper - who didn't, after being shut down for 18 months.)

coryl 15y ago
My first thoughts exactly. I think this is why you can't buy "equity" or ever get any monetary return on projects on Kickstarter. So unless you've figured out a way to get around the law..
- deleted 15y ago
  [deleted]

gojomo 15y ago

Interesting. Lives somewhere between Kickstarter – where you donate, and get non-monetary considerations from a fixed schedule – and ProFounder – where you contribute funding and get a future revenue-share. If revenue-sharing formulas can get around the oppressive regulations on raising money through true equity, there could be room for a lot of novel crowdfunding models. ProFounder seems pretty confident in its own legality, and has a seemingly-knowledgeable group of managers, advisors, and investors: https://www.profounder.com/about/team https://www.profounder.com/about/team

epaga 15y ago

Sounds extremely similar to Appbackr: http://www.appbackr.com/ http://www.appbackr.com/

desaiguddu 15y ago
yeah, I guess the value returns are different than appbackr.

wccrawford 15y ago

I would probably try funding an idea or 2 for that rate of return, but it makes me really reluctant to put an idea in the ring. It'd have to be an amazing idea, and even then, I think I could fund it myself.

desaiguddu 15y ago

2days2fund is an event by Believers Fund