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This seems like a really bad idea. Correct me if I'm wrong, but if you succeed at this, you will have to become a publicly reporting company if you take even 1
by tomasien 14y ago
This seems like a really bad idea. Correct me if I'm wrong, but if you succeed at this, you will have to become a publicly reporting company if you take even 1 more investor.
Isn't there also a minimum you have to invest according to the JOBS Act? I thought it was like $1,000.
Maybe I'm taking this too seriously, this feels very scammy to me, asking people for this money without providing a shred of evidence that this website will ever exist or that you're people capable of doing it.
- tomasien 14y agoI've now become almost 100% certain this is either a scam or something done by people who have no idea what they're doing. Terribly designed website and incredibly vague business idea with nothing more than a pseudo-landing page and a cash ask? I don't think so.
- melvinmt 14y agoI think they have no idea what they're doing. I've played with this idea in my head as well but it takes 1 google search to see what kind of shit you can get yourself in.
- logn 14y agoYeah same reaction here. I have a few friends with crowd funding startups and they're all in demo-mode until crowd-funding legislation is implemented next year. I'd consult an attorney quickly and put this campaign on hold. I think you're risking being charged with securities fraud. IANAL