Pipo

The first stock market for people

get it

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.

Reviews

  • 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

    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.

    Misha Leybovich has used this product for one day.
  • Pros: 

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

    Cons: 

    None

    One of the more interesting ideas I heard about.

    Dan Weiss has used this product for one week.

Discussion

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Shahar Burg
Shahar BurgMaker@chakabu · Co-founder at Pipo
Hello! I'm really excited today to present our work and to launch Pipo (early Beta) - a global marketplace for investing in people. 🤔Why did we build Pipo? We’ve all heard the expression, “the best investments are those made in people”. 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 neighbour’s son. We know these people’s talent and their chances of success far better than we know the inside operations of Apple, Microsoft or Walmart, right? So why can’t we invest in the people we believe in? 👩‍💻How 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: 💵Cash investment to fund their talent 👏Financial bonus each time their pip price reaches new high 🧚A supportive community, invested in their success -- Investor gets: 💸Givebacks from the Pipster 📈Pip-sale - investors enjoy the rise of pips price when trading them in the Exchange 🥰Play a part in the success of someone they believe in -- 🙆Why now? Social media created the personal brand ➡️ Crowdfunding proved that community funding works at scale ➡️ Freelancing popularity shows the evolution from companies/projects to individual talent ➡️ All of the pieces are now in place to invest in people, not in projects or startups - in people! 👦🏻👩🏻‍🍳👧🏻👨🏻👩🏻🕵🏻👩🏻‍⚕️👱🏻‍♀👱🏻👨🏻‍⚕️👨🏻‍🍳👩🏻‍🎓👨🏻‍🏫👩🏻‍🏭👨🏻‍💻👩🏻‍💼👨🏻‍💼👨🏻‍🔧👩🏻‍🔬👨🏻‍🎨👩🏻‍🚀👨🏻‍⚖️🤵🏻🙋🏻🙋🏻‍♂️ 🔧We 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. 🥳If you’re a talented individual, such as a content creator, digital marketer, sports player, gamer, developer, promising student... create your own Pipo now ➡️https://pipo.io/go-pipo 💜We’d love to hear any feedback, thoughts or suggestions you may have. Don’t hesitate to play around, create profiles and communicate in the chats. The current profiles are just dummy ones, and it’s a very early version, so have fun! Thank you very much, Shahar
Steve McGarry
Steve McGarryHiring@stvmcg · Entrepreneur and coffee snob
@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?
Ben Thompson
Ben ThompsonMaker@ben_thompson2 · 2-time entrepreneur and company founder
@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!
Kemal Goksu
Kemal Goksu@kemalgoksucom · Product Hunt Explorer
Really interesting idea!
Ben Thompson
Ben Thompson@ben_thompson3 · Two-time entrepreneur and co-founder
@kemalgoksucom Thanks Kemal for your support and encouragement!
Colin Winhall
Colin WinhallPro@colinwinhall · Problem solver. nocode.zone.
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.
Ben Thompson
Ben Thompson@ben_thompson3 · Two-time entrepreneur and co-founder
@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.
Ben Thompson
Ben Thompson@ben_thompson3 · Two-time entrepreneur and co-founder
@jamesg_oca @colinwinhall We would love to connect with you and tell you how we're getting round this. @chakabu
Colin Winhall
Colin WinhallPro@colinwinhall · Problem solver. nocode.zone.
@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 Thompson
Ben ThompsonMaker@ben_thompson2 · 2-time entrepreneur and company founder
@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.
Aaron O'Leary@aaronoleary · Community @producthunt. Nontechtech
Recently watched a short documentary on a guy who started doing this with his life a few years back, interesting concept, still don't know how to feel though
James Gallagher@jamesg_oca · Publicly Traded Person, Founder
@aaronoleary @ben_thompson3 You can find out more about Mike here: https://kmikeym.com. I am also a publicly traded person 😃
Ben Thompson
Ben ThompsonMaker@ben_thompson2 · 2-time entrepreneur and company founder
@aaronoleary @jamesg_oca _oca Hi Aaron and James thank you so much for these comments, and congrats James on being publically traded - @chakabu and I would love to connect and fine out more!
Ihecci Mercy
Ihecci Mercy@ihecci · Strit Solutions
This is amazing. I'm currently working on this same concept. Congratulations to the Pipo team this is revolutionary.
Ben Thompson
Ben Thompson@ben_thompson3 · Two-time entrepreneur and co-founder
@ihecci tell us more!
Ihecci Mercy
Ihecci Mercy@ihecci · Strit Solutions
@ben_thompson3 I will message you with more details