[_mvuc]

"asking random people to invest in your ideas is also illegal"

1) You learn something new every day.

2) I don't want to live on this planet any more.

[ChrisNorstrom]

Oh don't worry, you can still do it, just head over to AngleList and you can grab yourself some investors. They all meet the qualifications (have a certain income level) and since it's a platform specifically for investing it's not a random solicitation so you don't have to know them personally before asking.

Here's an example: https://angel.co/makespace?ref=startup_card

[_mvuc]

I would hate to see the legislative definition of "random".

[ajasmin]

Wouldn't that rule apply to a Winamp fund as well?

[ChrisNorstrom]

Good question... I want to say yes, but technically ewam hasn't specified that people in the fund will share equity. It sounds like a donation but it obviously isn't.

If you have $100,000 to buy a software mp3 player chances are you're not the type of person the SEC is trying to protect from bad investments. So shhhhhh, we'll just keep quiet.

[saraid216]

Winamp isn't an idea.