Reply To: Space Flight

[Rezwan]

This is a great idea. I think that crowdsourcing is a great way to go for fusion.

We contemplated this in the beginning but didn’t get many donations. And we couldn’t (can’t, legally) offer people a return on investment if they aren’t accredited investors.

So we didn’t get much that way and put the idea on hold.

I’m not sure how profounder bypasses that accredited investor rule. It’s SEC law. I looked at the site and they don’t mention this or how they are working around it, although they do say

So, why can’t anyone just invest a few hundred dollars in a small business they love? We’ve heard hundreds of stories from entrepreneurs and small business owners who have tried gathering investments (real investments, not just donations) from friends, family, and other members of their community, but have struggled along the way. Unfortunately, the process is unnecessarily confusing, costly, and complicated.

ProFounder will change this. We’re making it easy for your community to contribute financially to your business, so they’re literally invested in your success.

They “will” change this. Looks like they are trying to mount the argument that some SEC rules should be changed.

This is one of the items of the Focus Fusion General Plan (about to be unveiled). We need to network with people like profounder and others who are interested in microfinance, crowdsourcing and innovation, to get the SEC to make exceptions for certain types of investment opportunities.

Something to open the door to anyone and everyone who wants to invest in fusion, and not draw the line at people with over 5 million$.

Most accredited investors won’t deal with cutting edge fusion research because it’s too risky. But anyone in the world who is willing to lose a bit of money against the possible gain of a new energy source and possible financial return to boot – that is cool.