574 karma · joined December 28, 2010
It was also illegal, before the JOBS Act, to engage in "general solicitation," which is what raising money via a publicly-viewable crowdfunding page would amount to.
"Lamar’s amendments also clarify that sites ending in .com, .org and .net are not covered by the bill. Only foreign sites fall under SOPA’s wrath."
http://www.wired.com/threatlevel/2011/12/sopa-watered-down-a...
http://www.betabeat.com/2011/12/28/that-2800-ruby-class-that...
http://www.betabeat.com/2011/09/15/when-kickstarter-goes-wro...
From http://www.betabeat.com/2011/09/06/a-startup-is-reborn-reddi...:
Greater independence will mean reddit can go to a new board, which includes reddit OG Alexix Ohanian, who had been serving as an “advisor,” as well as representatives from Conde and Advance, with proposals instead of jockeying within Conde’s budget. Reddit doesn’t plan to seek outside funding at this time, Mr. Martin said, but it’s not out of the question. “It’s a lot more more of a startup,” he said. “It’s able to happen faster with less overhead.”
“It’s this whole cargo cult thing, where people imitate the things you see on the surface. Foursquare does badges and they did them really well. And then all of a sudden everyone was like, ‘I want to add badges to my startup!’”
He would have done better to go to someone in the Bitcoin community and offer his services. Someone should own the trademark to protect it. Lots of cc and open source stuff has registered trademarks so the name can't be abused.
And if you do a search for 'Magellan Capital,' who filed the trademark, their trademark is dead.
http://www.observer.com/2011/tech/flickr-accidentally-delete...