7 ms·

If you're genuinely serious, do you happen to have $100k to invest in other projects? Because I have lots of ideas. Website in profile.

untog 13y ago
Good old Hacker News
- rjbwork 13y ago
  Hey man, when you've got no network and dudes are droppin 100k left and right, it's worth a shot!
  - o0-0o 13y ago
    Is this an example of our new right to general solicitation or what!?
ChrisNorstrom 13y ago
That's now how investing works. What you're asking for is a "gamble" with no guarantee of a return on investment. Ideas are everywhere, ideas are endless. Some of the greatest "ideas" make no profit because there's no market for them, consumers don't care for it's implementation, or the team doesn't work well together. So many things have to go just right for an "idea" to become a business. Sometimes you have a great idea, great implimentation, great team, and it all still fails. Investors want you to have already gone and proven you're not a gamble by at least building a minimum viable product, have some sort of team already assembled and working, and have started making some kind of revenue or growth in users. If you have nothing then you're the type of investment that's really a gamble. Winamp has a return on investment (a slow one but still a return), your ideas on the other hand are a gamble. I don't mean to discourage you I just want to save you some time. Also asking random people to invest in your ideas is also illegal. You have to have a pre-existing relationship with someone /or/ join a community like AngleList to solicit investment. Angel investors also must have an income over a certain amount of money. Some of these laws may change in the near future with crowd funding becoming so popular but in the mean time be careful.
- ywyrd 13y ago
  "asking random people to invest in your ideas is also illegal" 1) You learn something new every day. 2) I don't want to live on this planet any more.
  - ajasmin 13y ago
    Wouldn't that rule apply to a Winamp fund as well?
    - saraid216 13y ago
      Winamp isn't an idea.
    - ChrisNorstrom 13y ago
      Good question... I want to say yes, but technically ewam hasn't specified that people in the fund will share equity. It sounds like a donation but it obviously isn't. If you have $100,000 to buy a software mp3 player chances are you're not the type of person the SEC is trying to protect from bad investments. So shhhhhh, we'll just keep quiet.
  - ChrisNorstrom 13y ago
    Oh don't worry, you can still do it, just head over to AngleList and you can grab yourself some investors. They all meet the qualifications (have a certain income level) and since it's a platform specifically for investing it's not a random solicitation so you don't have to know them personally before asking. Here's an example: https://angel.co/makespace?ref=startup_card https://angel.co/makespace?ref=startup_card
    - ywyrd 13y ago
      I would hate to see the legislative definition of "random".
      - ChrisNorstrom 13y ago

untog 13y ago

Good old Hacker News

rjbwork 13y ago
Hey man, when you've got no network and dudes are droppin 100k left and right, it's worth a shot!
- o0-0o 13y ago
  Is this an example of our new right to general solicitation or what!?

ChrisNorstrom 13y ago

That's now how investing works. What you're asking for is a "gamble" with no guarantee of a return on investment. Ideas are everywhere, ideas are endless. Some of the greatest "ideas" make no profit because there's no market for them, consumers don't care for it's implementation, or the team doesn't work well together. So many things have to go just right for an "idea" to become a business. Sometimes you have a great idea, great implimentation, great team, and it all still fails. Investors want you to have already gone and proven you're not a gamble by at least building a minimum viable product, have some sort of team already assembled and working, and have started making some kind of revenue or growth in users. If you have nothing then you're the type of investment that's really a gamble. Winamp has a return on investment (a slow one but still a return), your ideas on the other hand are a gamble. I don't mean to discourage you I just want to save you some time. Also asking random people to invest in your ideas is also illegal. You have to have a pre-existing relationship with someone /or/ join a community like AngleList to solicit investment. Angel investors also must have an income over a certain amount of money. Some of these laws may change in the near future with crowd funding becoming so popular but in the mean time be careful.

ywyrd 13y ago
"asking random people to invest in your ideas is also illegal" 1) You learn something new every day. 2) I don't want to live on this planet any more.
- ajasmin 13y ago
  Wouldn't that rule apply to a Winamp fund as well?
  - saraid216 13y ago
    Winamp isn't an idea.
  - ChrisNorstrom 13y ago
    Good question... I want to say yes, but technically ewam hasn't specified that people in the fund will share equity. It sounds like a donation but it obviously isn't. If you have $100,000 to buy a software mp3 player chances are you're not the type of person the SEC is trying to protect from bad investments. So shhhhhh, we'll just keep quiet.
- ChrisNorstrom 13y ago
  Oh don't worry, you can still do it, just head over to AngleList and you can grab yourself some investors. They all meet the qualifications (have a certain income level) and since it's a platform specifically for investing it's not a random solicitation so you don't have to know them personally before asking. Here's an example: https://angel.co/makespace?ref=startup_card https://angel.co/makespace?ref=startup_card
  - ywyrd 13y ago
    I would hate to see the legislative definition of "random".
    - ChrisNorstrom 13y ago