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New crowdsourced fund, for entrepreneurs [canada]
- mtw 18y agoif anybody has questions, leave a comment, we'll try to answer them
- trevelyan 18y agoIs it legal?
- JNiquet 18y agoYes it is.. We will give you more details shortly. Keep in mind that it's not a P2C lending website, but rather an investment fund (2 separate companies) managed on the Internet. It makes a huge difference.
- danielharan 18y agoIs shortly in the next couple days or next couple months?
- JNiquet 18y agoMonths
- danielharan 18y agoSmells like a con, I explain why here: http://www.danielharan.com/2009/01/04/colektivo-another-montreal-con/ http://www.danielharan.com/2009/01/04/colektivo-another-mont...
- jeromegn 18y agoAnd I commented here: http://www.danielharan.com/2009/01/04/colektivo-another-montreal-con/#comment-780 http://www.danielharan.com/2009/01/04/colektivo-another-mont... I can't see how this is a con. I work on this project btw. We just didn't see the use of a "who are we?" page, but it's no secret.
- JNiquet 18y agoI have also commented..
- JNiquet 18y agoIt's legal but don't think it's easy to start up this kind of project.. A lot of work and lawyer's fees.
- Dilpil 18y agoIt looks pretty awesome but I can't imagine it being legal.
- russell 18y agoMaybe in Canada. Probably not in the US.
- siong1987 18y agoProbably in Canada. Maybe not in the US.
- mtw 18y agoit's a matter of negotiating with the right authorities and regulators. Of course, you can't just open up shop and take investment money. in this case, colektivo is separated from colektivo capital, which funds entrepreneurs and businesses (2 different corporations)
- tptacek 18y agoIt's debt, not equity.
- DenisM 18y agoIn US it doesn't make a difference - a "security" is any promise to enrich a person by work of others. Fixed-income vs. equity distinction is immaterial.
- deleted 18y ago[deleted]
- gsmaverick 18y agoAwesome idea. Typically entrepreneurs in Canada have had a hard time finding money to fund their ideas. Hopefully this solves the problem for some of them.
- mtw 18y agoyes, there are much less investment funds and also less banks in Canada, compared to the US. This is going to be introduced as an viable and trusted source of capital for new & growing businesses.
- juliend2 18y agoI'm also in Montreal. It's good to know that some people here are doing interesting stuff.
- cool-RR 18y agoThis looks great. The number one question for me is: Will it operate outside of Canada? I'm from Israel, will I be able to invest/borrow?
- JNiquet 18y agoWe will first start in Canada. Regulations are different in every country. If we could we would target the world, unfortunately we cannot afford it for the moment.
- cool-RR 18y agoI can see why it's a trouble to let non-Canadians borrow; But what about investing? What's the legal trouble with letting foreigners invest through the internet? Isn't it just like opening an internet store, except the product is "Colektivo credits" or something?
- mtw 18y agothere are many problems, one of them is money laundering, like criminals who could use the service to get "clean" money. which means Colektivo need to track individual investors and make sure they are in Canada.
- JNiquet 18y agoActually nothing keep Colektivo from lending to foreign companies, but it's another thing to accept foreign investors.