Brian H wrote: I think Steve is right; $2M/500 = $4,000 per person average. (That would be a minimum since you can’t go over 500 investors. I’d suggest a minimum investment of $10,000 just to cut yourself slack for the future, which would mean 200 investors or less. You could probably get a Joisey credit union to kick in a major chunk of it.)
Just to reiterate a previous point, though, the $2,000,000 should be set up to represent only a fraction of total capitalization, the balance being held by your holding company. If you got one pilot running successfully, the market value of the company would instantly increase by up to a handful of orders of magnitude.
Makes me wish I had some NJ relatives …
