[P2P-F] Limits to P2P Fundraising

Mon Mar 12 11:18:28 CET 2012

This is a sensible, and practical idea....except that it ofcourse requires investors to get the show on the road. At present, I cannot help on this matter, but I wish this project well.

R.S.

From: David Alan Foster <dalan at me.com>
To: p2p-foundation at lists.ourproject.org 
Sent: Saturday, 10 March 2012, 6:56
Subject: [P2P-F] Limits to P2P Fundraising

I have a friend who needs to raise $25 million to buy a bank to call it the first Good Bank to create a transparent bank to change the paradigm to change the world.   

Question:  How MIGHT it be possible to raise a buck from $25 million people?  Over $1 million for one product has now been raised on Kickstarter.  Now Kickstarter is being significant enough to attract scrutiny from the SEC and IRS… and probably more.  What are the ways that much larger amounts could be raised "legally" by a grassroots group.  Could a nonprofit receive this amount -- believing it's somehow possible -- and donate or invest it in the Good Bank?… or some similarly compelling project or projects?  

Who is pushing the envelope here?  

By the way, check out what Sahil Lavingia is doing with his new venture Gumroad.com.  

Thanks,
David
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