Long ago when I was first starting out I looked into raising capital using stocks.
But of course you can't simply issue stocks. Theres an entire process now to it.
And its illegal to issue what amounts to 'IOUs' for said stock.
It used to be you could start a company on nothing but a hand shake in america.
Now you need thousands of dollars, minimum, up front just for legal fees.
Long ago when I was first starting out I looked into raising capital using stocks.
But of course you can't simply issue stocks. Theres an entire process now to it.
And its illegal to issue what amounts to 'IOUs' for said stock.
It used to be you could start a company on nothing but a hand shake in america.
Now you need thousands of dollars, minimum, up front just for legal fees.
(post is archived)