3 ms·
To be honest I thought it was going to be a joke. It's actually interesting as an experiment, but they need bigger N to find out if it can possibly work. 50-100
by auganov 12y ago
To be honest I thought it was going to be a joke. It's actually interesting as an experiment, but they need bigger N to find out if it can possibly work. 50-100 would be more reasonable. Tho maybe it's good to start with 8, it might be impossible to even find 8 reasonable people willing to take this deal.
Anyways I doubt it's going to work. They're competing with banks at this point. But their per-company [management] overhead is an order of magnitude higher than for a bank. Most people willing to take up the offer will probably be scammers.
- bryc3 12y agoHopefully the application and interview process will help us weed out the scammers.
- loceng 12y agoIn part I have thought about Indie.vc as an option more for the connections to the people, and a bank wouldn't care for investing in us at this point, however people who understand internet business models more likely would.
- kyledrake 12y agoBanks are dumb money (no support), and if you don't pay them back bad things happen. They're great for conservative investments, not for riskier ones.