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I don't think it's a crazy idea but, as rms pointed out, if you publicly announce part of your company for sale, you fall under SEC regulations. What might be
by callmeed 18y ago
I don't think it's a crazy idea but, as rms pointed out, if you publicly announce part of your company for sale, you fall under SEC regulations.
What might be a better idea is to let people put small amounts of money into a fund. Then, let startups apply and the fund members could vote on winners ... sort of YC-style.
For all I know that could fall under SEC regs too.
- lisper 18y agoNope, you can do this. Brian Singerman and I did it. But it's a boatload of work. We did it once, and I'm pretty sure we won't do it again, at least not any time soon.