from Hacker News

Startup to fund Startups

by johnsocs on 9/13/11, 5:34 PM with 3 comments

While poking around HN we always see stories about startup's being funded, how to bootstrap your startup, startup's seeking funding etc... From my perspective it's strage that in order to fund a startup or to be considered an investor to a startup you have to have an elite status already.

How about a startup to fund startups by allowing the general public to buy shares of the startup, sure there are lots of 'issues' to think about here but it's possible right ?

Maybe I'm late to the party and something like this already exists and I'm not aware... anyone ?

  • by wsdom on 9/16/11, 2:43 AM

    An interesting idea. So it would be like secondmarke meets kickstarter? But unfortunately these "issues" do outweigh in my opinion any value. Like Diolpah posted you have accredited investor issues and you also have a huge issue with how many people can invest in a company and still remain private. I believe facebook is facing hurdles with this right now.

  • by mooism2 on 9/13/11, 5:37 PM

    There are regulatory issues.

  • by diolpah on 9/13/11, 5:57 PM