6 ms·
i like the idea of investor "bidding" but of course it seems like a hard task keeping everything honest. the whole concept seems burdened "legally" so to speak
by ram1024 18y ago
i like the idea of investor "bidding" but of course it seems like a hard task keeping everything honest.
the whole concept seems burdened "legally" so to speak.
would be neat to see something like this fly, though
- david927 18y agoThanks for your feedback. I agree -- this biggest hurdle is creating the legal framework for it. Generally, it seems to me like a natural progression. Web startups don't need VC in many cases -- they need funding closer to 20,000 than 2,000,000, and that would lower the due diligence somewhat, allowing more deals to be made. Angels are location-centric, but web startups are happening everywhere. This would change things so that if some web startup only needs 20,000, it's a matter of 200 people around the world who believe in their idea enough to put in $100. Plus the valuation would be more market-driven.