Ryan Hoover@rrhoover · Founder, Product Hunt
This is a logical extension of Indiegogo but I’m still unsure if “normal” people want to invest in startups. People back crowdfunded products because they want to support a cause/creator or buy the product being sold. There’s certainly an opportunity in equity crowdfunding — as evidenced by the numerous platforms emerging in this space — but it will take t… See more
Ben Tossell@bentossell · Community Lead, Product Hunt
@rrhoover I think that having a focus on community building and inclusion could help nudge 'normal' people to be interested...
Taylor Edmiston@kicksopenminds · Software Engineer @ Astronomer
@rrhoover This x 100%, Ryan. Startup investing is so extremely high risk, and normal people need to be sure they really really understand that. Crowdfunding investors have so much less information and presumably worse terms than VCs. This is quite a complicated subject, and one I hope many people don't learn the hard way. (Now if it's used to help start a… See more
Nissa Szabo@nisszab
@kicksopenminds @rrhoover This is exciting for non-accredited investors (anyone whose income is less than $200K). Protecting the "normal people" is very important and that is why it is heavily regulated on a state by state basis. Colorado, for example, non-accredited investors are limited to $5,000 in investments in a 12-month period. Creates opportunity for… See more
Taylor Edmiston@kicksopenminds · Software Engineer @ Astronomer
@nisszab @rrhoover Perhaps that's the case for non-accredited investors in Colorado, but the federal cap is much higher on $200k income: $10k or $20k up to $100k depending on net worth [1]. [1]: https://www.sec.gov/news/pressre...
Nissa Szabo@nisszab
@kicksopenminds @rrhoover Those are Colorado's Intrastate Crowdfunding rules, most states have legislated protections (75%+). Understand the concerns, many of the laws on the books before the SEC adopted rules on Title III of the Jobs Act date back to the 1930's, but with todays technology, access to information and proper protections for "normal people" eq… See more