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I'm curious why they would go through the hassle of raising a relatively small amount this way instead of just asking a bit more from the VC's. Probably this?
by islewis 2y ago
I'm curious why they would go through the hassle of raising a relatively small amount this way instead of just asking a bit more from the VC's. Probably this?
> the RUV will sign a proxy voting agreement with Framework’s Founder and CEO, Nirav Patel that will allow him to determine how to vote the RUV's shares for most matters submitted to stockholders for approval.
- davidhunter 2y agoSkin in the game for evangelists
- nrp 2y agoWe had traditional investors who were interested in taking that last $1M. The voting rights were also not a major factor. It really actually is that we want to enable folks in the community to have a stake in the company. This is something I wanted to do in earlier rounds but needed to avoid signaling risk around. We now have enough history of "real investors want to put money in Framework" that we can open up to community funding.
- Pet_Ant 2y agoIf you are affiliated with Framework you should disclose how in your comment.
- moritonal 2y agoTheir profile has "Founder at Framework", do they need to repeat that in comments?
- Pet_Ant 2y agoIn a relevant story, yes. Linus mentions his investment in Framework in each video it comes up. If they had already said it in this thread they'd I'd give it a pass.
- safety1st 2y agoHave you considered that the guy might be a bit rushed today what with, you know, completing a funding round and all that, and that it might have slipped his mind? Good thing you gave him a pass though. Everyone's heart stopped for a second there
- deleted 2y ago[deleted]
- plus 2y agonrp is Nirav Patel, founder of Framework.
- tomashubelbauer 2y agoIt _is_ disclosed in their comment based on how it is worded. It is also in their bio. It is true that someone might write a comment this way even though they weren't affiliated with Framework, but then they could just as easily flat out state they were and lie.
- pdpi 2y agoThe previous comment talks about founder and ceo Nirav Patel. Comment you're replying to says "I wanted to do this", and is posted by a user named nrp. It's not rocket science.
- islewis 2y agoI appreciate your response, thanks for the context.
- sponaugle 2y agoI think it is a nice way to engage the community, and there are plenty of people that would invest $10,000 (me included). When I did my startup we had some community investment and it made the shareholder meetings far more interesting and engaging. And I made some great friends along the way.
- ganoushoreilly 2y agoI think this is great for letting "the small guys" in on investing in something they back and support. I'm all for it and will likely apply.
- safety1st 2y agoI know asking about this on Hacker News is a long shot, but will any of this funding go toward accelerating Framework's entry into new countries? The rate at which new countries are added is very slow and Framework seems to be the most hostile laptop manufacturer toward anyone who isn't in a supported country buying its product. I know so many people who want to own a Framework and support the mission (myself included) but don't because of this.