Purism is seeking investment from individuals

I&#x27;m still waiting for my Librem phone that I pre-ordered and paid for, over four years ago.<p>So, no, I think I&#x27;ll pass.

There are already Socially Responsible Mutual Funds with none of this &quot;accredited investor&quot; stuff. Why would you throw your money away on this? You have no idea whatsoever about what they&#x27;re going to do with it, except some vague high-sounding words. More to the point, you don&#x27;t know what % of the ultimate profits, if there are any, will flow to the backers and not to you.

They require that you&#x27;re an accredited investor, but later note &quot;This is a good faith requirement, since there is no way for Purism to validate your accredited investor status&quot;. Yikes. This had to go through legal right? I&#x27;m gobsmacked that either they or the SEC think that not checking is fine. What happens if Joe Sixpack buys in?

In light of some of the questions here, why does every for-profit company that tries to make money out of open source, and build a substantial brand out of it, turn shady? Some implode over it- CyanogenMod, CopperheadOS, or the bigger ones lose credibility or become a mess of cancelled projects- Canonical, Mozilla.

Why does it sound so much like a scam ?

What the hell. You need to have assets exceeding 1M to invest $1000?<p>I don’t need that to buy any other stock, why would I need it here?<p>Hell, how does it even apply to people not living in the US in the first place.

Did this campaign actually raise 4 million from individuals? Wow!