founderpools.com
F
http://founderpools.com
14 comments
Fascinating. 3 points:
1. Site loads a bit slow
2. Do I need to be an accredited investor?
3. How is value assessed?
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
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.
I'm one of the founders behind Founderpool. This is one of 10 or 12 best ideas our team has come up with ;)
This is a really cool way for founders to work together. Would it be organized into rounds or a general pool?
Its organized in rounds, but current pool members can invite other startups in with a unanimous consent.
Great idea & looks super interesting. there must be something like this that already exists?
We didn't find any, so we had to build it. Thank you for the feedback
Is there a voting mechanism? who picks the companies
It's peer selection based on ranking. We are moving to a version of Gale-Shapley stable algorithm for pool construction