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Is FundersClub (https://thefundersclub.com/ https://thefundersclub.com/) anything like what you were trying to build with Founders Forge? I'm not sure how they
by mrjaeger 14y ago
Is FundersClub (https://thefundersclub.com/ https://thefundersclub.com/) anything like what you were trying to build with Founders Forge? I'm not sure how they move their money around, but the idea of creating a platform for investors to be able to more easily and intelligently invest in startups seems to be very similar.
- lisper 14y agoYep, looks very similar. Damn, they stole my idea! ;-)
- pbreit 14y agoMoving money is one of the easiest parts. Money movement is not nearly as broken as the OP would have you believe.
- lisper 14y agoPlease enlighten me: what is this easy unbroken way of moving money to which you allude?
- pbreit 14y agoWires, ACH, credit cards, cash, checks, etc. If there are specific situations where you feel the options are poor and are actually holding back the situation, would love to hear them. The only one I can think of that is truly poorly served is micropayments but I'm not really sure that's much of an opportunity anyway.
- lisper 14y agoI'm planning a whole post about the myriad problems with all of these. But in the meantime you can read this: http://blog.rongarret.info/2010/11/personal-banking-nightmare.html http://blog.rongarret.info/2010/11/personal-banking-nightmar...
- pbreit 14y agoThat's really a very rare circumstance, is getting rarer and pretty much always gets resolved. Wires have gotten much easier to perform (which is actually kind of scary).
- Terretta 14y agoOn the contrary, over half the wires we get, and we get a lot as we have clients all over the world, are held up in some way.