F(founderpools.com)

11 pointsby csentropyvor 6 Jahren14 comments

http://founderpools.com

14 comments

Shaan Puri has a podcast called My First Million and he talks about a concept really similar to this. He's active on Twitter. You may try to get him to look at it.

csentropyvor 6 Jahren

Thank you! Will check it out.

sshamoonvor 6 Jahren

Fascinating. 3 points: 1. Site loads a bit slow 2. Do I need to be an accredited investor? 3. How is value assessed?

csentropyvor 6 Jahren

1. Thanks, we are working on it 2. Yes 3. Based on the value of your stock, determined by fair market value and other assets you hold

geoburkevor 6 Jahren

Accreditation is easily achieved just by having raised money for your company. A founder who owns 20% and raised at a $5M cap/valuation meets the $1M asset threshold.

geoburkevor 6 Jahren

I'm one of the founders behind Founderpool. This is one of 10 or 12 best ideas our team has come up with ;)

BlockchainMikevor 6 Jahren

This is a really cool way for founders to work together. Would it be organized into rounds or a general pool?

csentropyvor 6 Jahren

Its organized in rounds, but current pool members can invite other startups in with a unanimous consent.

asparagus123vor 6 Jahren

Great idea & looks super interesting. there must be something like this that already exists?

csentropyvor 6 Jahren

We didn't find any, so we had to build it. Thank you for the feedback

calmessensevor 6 Jahren

Is there a voting mechanism? who picks the companies

csentropyvor 6 Jahren

It's peer selection based on ranking. We are moving to a version of Gale-Shapley stable algorithm for pool construction

tskweresvor 6 Jahren

serial entrepreneurs will love this, interested to know how cashing out will work

csentropyvor 6 Jahren

disbursements will happen at exit or liquidity event. If a company gets acquired, proceeds go to pool members pro rata. Stock distributions if it IPOs