Ask HN: Platform to Equity Fund and Get Ideas Off the Ground
Do you think it would be useful if we had a platform to connect entrepreneurs looking for this get-my-idea-off-the-ground money with people willing to invest in such an early stage?
I believe it could be worth it for both sides, since the amount of money we are talking about here is usually small.
For instance, most software-related projects could probably be launched on a $10k or $20k budget, and I believe many entrepreneurs would be willing and happy to give up 10% or 20% of the project in exchange for this early investment, especially at a point where all they have is an idea and a business plan.
For the investor it could be worth it because, despite the risk being higher, the equity he would get would be pretty high for such a low investment.
I don't believe there are similar concepts around. Kickstarter is not equity funding, for instance, and the other platforms require you to already have a product and some traction to show before you raise money.
Could this fly?
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