the terms of use reveals a bit more of how this works,
https://www.profounder.com/legal/terms_of_use
“the Website […] allows Issuers to raise funds from Investors through private, password-protected fundraising websites that Issuers create. Investors can invest in the the offerings provided by Issuers. Offerings are considered high-risk and by participating in the Services or otherwise using this Website, you hereby acknowledge and agree that ProFounder makes no representation, warranty, covenant or guarantee that any capital you invested in offerings Issuers may post on the site will be returned in whole or in part, or exceeded at any level.”
i say it’s superior to online gambling, at least.
and they’re on linkedin:
http://www.linkedin.com/companies/profounder
Current Employees (3 total)
Dana Mauriello Co-Founder, President
Ryan Garver CTO
Jessica Jackley Cofounder, CEO