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Show HN: RocketClub – Startup Stock for Everyone

5 pointsby echan00about 10 years ago

2 comments

phantom_oracleabout 10 years ago
Interesting idea, although not new (been done in different ways before).<p>Let me put it to you this way:<p>Imagine Zuckerberg screwing over Savarin amplified by 10,000.<p>Giving people value in anything will just drive them to become greedy.<p>Also, giving stock over a certain threshold of users should possibly classify these startups as public companies.<p>Review the JOBS Act and make sure you are legally on the right side of the law.<p>I personally wouldn&#x27;t support this because those valuations of Uber, AirBnB, etc. are driven by VCs who pump big amounts of cash into these companies with big stock taken in return.<p>If my small startup is giving away 5-10% of stock to 10,000 people, my valuation will already never reach the values that those billion dollar companies have reached.<p>I do hope I am wrong though, as I would like to see some type of equity-sharing work (there was some other company similar to yours, but it gave equity in exchange for work put-in).
echan00about 10 years ago
Trying to get feedback for my site... most importantly, does it make sense?<p>People seem to confuse it with investing.