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.
Thank you! Will check it out.
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
serial entrepreneurs will love this, interested to know how cashing out will work
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