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My reasons for accepting such an offer would be the nonlinear utility of money (my chances at making more money would significantly increase with the initial fr
by enki 17y ago
My reasons for accepting such an offer would be the nonlinear utility of money (my chances at making more money would significantly increase with the initial freedom to work on projects fulltime), and the equity equation (http://www.paulgraham.com/equity.html http://www.paulgraham.com/equity.html).
After twittering about this, someone (possibly half-joking) offered to invest $60 USD in me under similiar conditions. Transaction costs and overhead however make these small investments really unattractive.
Is it completely crazy to propose a website that allowed me to combine lots of small PICs, and handling the overhead, to get my life as a project financed?
- shimon 17y agoIt's not crazy, but in the US, it would require that you register the securities (possibly each person?) with the SEC, or only take investment from accredited investors (http://www.sec.gov/answers/accred.htm http://www.sec.gov/answers/accred.htm). This could well increase the overhead enough to make the project infeasible.
- jfager 17y agohttp://www.kickstarter.com/ http://www.kickstarter.com/