If I remember correctly you're looking for about 10 million usd, this is pretty ambitious for a rewards based crowdfunding campaign.
A little searching led me to:
https://www.indiegogo.com/projects/cold-war-bunker-building-restoration
https://www.indiegogo.com/projects/save-the-historical-fallout-shelter
So you know it isn't easy to raise capital through this.
The difference between those 2 campaigns and your new one is, those campaigns anticipated more on charity, where as the new campaign would be more of a presale.
I don't understand that if you take this route, why you would have the need for an UIA.
And also, wouldn't it be easier to reach a wider audience though traditional crowdfunding platforms?
Awesome reply!
A bit about those two campaigns.. they were done without ANY background in crowdfunding.. and if you never done one.. how they work from what it looks like on the front end is very different from what it takes on the back. Both those campaigns taught me a lot.. and at the same time is the answer to your question about why I would not go with that traditional platform for this idea.
Also in the hangout I said it was just at the idea stage and was looking for feedback. The hangout and other information gathered lead me to changes in what might be offered, as well as the amount to be raised. Presently half of what I originally talked about at the hangout.
Traditional crowdfunding works for certain types of product offerings primarily. It's more like a preselling funnel then anything else from what I have seen and experienced. I really don't like the platforms. They made everything fit their structure, fees were high, and they provided no added value other than having a crowdfund formatted page, which anybody who has setup a wordpress site can do. I only used them the 2nd time out of convenience and time.. and regretted it then as well. Even though we were successful the 2nd round... but with a much smaller target.
Why a UIA and not a traditional crowdfund? Why BitShares and not regular dollars?
A UIA can be whatever you want it to be (sorry to sound like an Ethereum commercial
) but that means we can make it into something awesome! I would much rather be a use case for BitShares and bring that story into the international spotlight than a traditional crowdfund built on traditional dollars.
We got a fantastic story here. Make a little more history by building it on crypto and it becomes a mega-fantastic story.
I am still working on defining BunkerShares and my other UIAs, but the more I work on it the more I am seeing it simply as a token. I never suggested it was shares in my company. I think you might have this confused with someone else in the community with a different business who is looking to use UIAs in that kind of capacity. Or perhaps that was a takeaway you got from the idea of the social consensus community driven business planning. Either way, "no", to actual shares. I do realize now that sadly the possibility of sharing profits or anything like that is simply off the table due to securities. There are other ways though.
At present I think selling tokens for access to our membership is how this would work best. How that looks or works so far I am not sure. Still figuring it all out. Rome wasn't built in a day.
... but as a persist I am finding the pieces coming together.
Sharing this link though was to see if others were considering legalities surrounding UIAs.. I know of at least one hedgefund UIA that is operating now offering investments in crypto-commodities. I realize they are not in the US, but there are laws in the US that don't even allow the sale of unregistered securities to Americans from anywhere in the world! I realize that's tough to police.. but this is an issue that some in the industry have navigated really well like Dan.. and others have crashed and burned. I would hate to see someone in our UIA ecosystem get burned because they didn't know about these things.
I read BMs post which was based on his own experience. They navigated that very well. Ethereums offering and Maidsafe are also amazing examples to me. These are largely things started out of just ideas with no real asset backing them.. which also makes the whole thing so amazing. There is a lot to learn from studying how some of these successful offerings worked. Does anybody know of any others out there that were crypto offerings that did well and handled the legalities well?
Topic: CryptoEquity Regulation *Analysis* (Read 1225 times)
