Hacker News Reader

Would be against Kickstarters' TOS to sell micro-shares of the company making the product? It would be like a distributed yc.

View on HN

Kickstarter doesn't want to sell shares

http://allthingsd.com/20121105/kickstarter-ceo-no-ipo-for-us...

“We think the most disruptive aspect [of Kickstarter] is the removal of the investment component,” Chen said. “People are supporting projects because they want to see them happen. It’s so different than giving money because you want to make a profit.”

It would probably be against security laws.

It is DEFINITELY (almost DEFINITELY, IANAL, nor am I a broker) against current securities laws. Securities laws and regulations make it very onerous to sell shares to the public (i.e. to become a "publicly traded company").

This is changing in 2013: http://boss.blogs.nytimes.com/2012/08/21/its-not-too-soon-to...

To a degree.

(A) no more than $1,000,000 is raised via crowdfunding in any 12 month period; and ...

http://blog.fundinglaunchpad.com/2012/04/investment-crowdfun...

Reply on news.ycombinator.com