Tuesday, April 26, 2011

Crowd funding

This link was provided at the bottom of the page for the venture capital link that started this discussion.  There are some legal hazards to this, but I think that the non profit idea pretty much covers one of the major hazards.

The point is that crowd funding is a different thing from venture capital.  Crowd funding may be more charitable than enterprising.  Not that it can't be a enterprise of considerable size.  The problem is to get everyone to understand what is being attempted and not to expect to directly benefit from any profits thus obtained.  That's because it is nonprofit.  It may well be that this could be a deal killer.

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