Pipo

The first stock market for people

Building a career is expensive. Education, training and equipment cost a lot of money! Instead of borrowing, Pipo enables you to raise money from friends, family and your social network in return for shares in your future success.

Discussion
Would you recommend this product?
26 Reviews4.4/5
Hello! I'm really excited today to present our work and to launch Pipo (early Beta) - a global marketplace for investing in people. ๐Ÿค”Why did we build Pipo? Weโ€™ve all heard the expression, โ€œthe best investments are those made in peopleโ€. There are lots of people around us that might be the next big thing - it could be our classmate, one of our colleagues or our neighbourโ€™s son. We know these peopleโ€™s talent and their chances of success far better than we know the inside operations of Apple, Microsoft or Walmart, right? So why canโ€™t we invest in the people we believe in? ๐Ÿ‘ฉโ€๐Ÿ’ปHow does Pipo work? Talented individuals (we call them Pipsters) can go public just like companies do, create an attractive profile, issue their own pips (just like shares), and attract investors. Pipsters pay givebacks (like dividends) every month or whenever they reach a significant milestone. Investors and Pipsters form a mutually beneficial relationship, based on transparent incentives: -- Pipster gets: ๐Ÿ’ตCash investment to fund their talent ๐Ÿ‘Financial bonus each time their pip price reaches new high ๐ŸงšA supportive community, invested in their success -- Investor gets: ๐Ÿ’ธGivebacks from the Pipster ๐Ÿ“ˆPip-sale - investors enjoy the rise of pips price when trading them in the Exchange ๐ŸฅฐPlay a part in the success of someone they believe in -- ๐Ÿ™†Why now? Social media created the personal brand โžก๏ธ Crowdfunding proved that community funding works at scale โžก๏ธ Freelancing popularity shows the evolution from companies/projects to individual talent โžก๏ธ All of the pieces are now in place to invest in people, not in projects or startups - in people! ๐Ÿ‘ฆ๐Ÿป๐Ÿ‘ฉ๐Ÿปโ€๐Ÿณ๐Ÿ‘ง๐Ÿป๐Ÿ‘จ๐Ÿป๐Ÿ‘ฉ๐Ÿป๐Ÿ•ต๐Ÿป๐Ÿ‘ฉ๐Ÿปโ€โš•๏ธ๐Ÿ‘ฑ๐Ÿปโ€โ™€๐Ÿ‘ฑ๐Ÿป๐Ÿ‘จ๐Ÿปโ€โš•๏ธ๐Ÿ‘จ๐Ÿปโ€๐Ÿณ๐Ÿ‘ฉ๐Ÿปโ€๐ŸŽ“๐Ÿ‘จ๐Ÿปโ€๐Ÿซ๐Ÿ‘ฉ๐Ÿปโ€๐Ÿญ๐Ÿ‘จ๐Ÿปโ€๐Ÿ’ป๐Ÿ‘ฉ๐Ÿปโ€๐Ÿ’ผ๐Ÿ‘จ๐Ÿปโ€๐Ÿ’ผ๐Ÿ‘จ๐Ÿปโ€๐Ÿ”ง๐Ÿ‘ฉ๐Ÿปโ€๐Ÿ”ฌ๐Ÿ‘จ๐Ÿปโ€๐ŸŽจ๐Ÿ‘ฉ๐Ÿปโ€๐Ÿš€๐Ÿ‘จ๐Ÿปโ€โš–๏ธ๐Ÿคต๐Ÿป๐Ÿ™‹๐Ÿป๐Ÿ™‹๐Ÿปโ€โ™‚๏ธ ๐Ÿ”งWe have used the blockchain to quickly develop the Beta platform. Our next step is to adjust the platform to serve non-crypto users as well. ๐ŸฅณIf youโ€™re a talented individual, such as a content creator, digital marketer, sports player, gamer, developer, promising student... create your own Pipo now โžก๏ธhttps://pipo.io/go-pipo ๐Ÿ’œWeโ€™d love to hear any feedback, thoughts or suggestions you may have. Donโ€™t hesitate to play around, create profiles and communicate in the chats. The current profiles are just dummy ones, and itโ€™s a very early version, so have fun! Thank you very much, Shahar
@chakabu Glad to see someone pursuing this concept again. I've met with two groups here in SF that tried this concept 2 years ago and they ran into heavy securities laws with the SEC to operate in the US. Given the laws around this in the US are you only launching with investors and talent in a specific country?
@chakabu @stvmcg Hi Steve. At present we are planning our launch for the UK market. We will take a look at how the SEC situation develops over the next few months. Thank you very much for your support, and if there are any other questions you have please shout!

One of the more interesting ideas I heard about.

Pros:

Amazing Idea! can't wait for it to be launched globally. will definitely apply.

Cons:

None

Thank you Dan! ๐Ÿฅฐ
Hey Dan, thank you so much for your review! We look forward to seeing your Pipo on www.pipo.io!
Really interesting idea!
@kemalgoksucom Thanks Kemal for your support and encouragement!
This is a subject I have been thinking about for years and years. I remember seeing Mike Merill do this back in 2014. Just this month, @jamesg_oca IPO'd himself too (https://trade.jamesgallagher.app/). It really got me thinking about this as a funding strategy for makers. I have been diving in to the financial models for this type of funding and it is quite complex. It would be great to get a more detailed explanation on the "how it works" that runs through the numbers. # Last but not least, what are the legalities of it all? More specifically the legal accountability from all parties involved. What can you tell us about that? I believe that this financial model is one that will be huge in the near future and I LOVE what you have done here. It's a huge step in the right direction but I feel there are so many small knots that still need to be untied before this type of model can truly be adopted.
@jamesg_oca @colinwinhall First of all thank you for your comment! Our FAQs https://pipo.io/faq have a lot of the answers to your questions.
@jamesg_oca @colinwinhall We would love to connect with you and tell you how we're getting round this. @chakabu
@ben_thompson3 Thanks for the reply. I just read through the entire FAQ. Am I right in saying that a "giveback" is basically a security that isn't a security. It comes across that it is a security, just given a different name and without any legal obligations and underwriting that securities come with. I DM'ed you. We can take this chat away from the comments. I have a lot more questions :-)
@ben_thompson3 @colinwinhall Hi Colin. Thanks for the reply - I will be in touch privately - but for the benefit of others, no a giveback isn't a security, it's more like a dividend - it's given at the discretion of the Pipster.

Neat idea, and I do think will exist in one form or another at some point. Main feedback now: a) should be more clear on the site that it's not actually real people, and b) I'd be concerned about securities laws and complete earnings auditing to make sure investors actually get their proper return (e.g. there's a reason why the SEC and IRS exist :). Interested to see where this product and/or concept in general goes.

Pros:

Neat idea, and can serve a real need with proper execution

Cons:

Unclear on the site that it's not real people, plus potential securities and auditing issues

Hi Mishe, thank you for checking out Pipo. As I wrote in the post, the current profiles are dummy profiles. And no, we don't accept ETH for these profiles. They are connected to the Ethereum QA network (Rinkeby) and no one can invest in these profiles so we are not taking any $ from anyone.
Wow, I went to the site and actually thought those were real people, just realized after reading this post that's not the case.