ProFounder Shutting Down
We started ProFounder in August 2009 with the mission of ensuring that all entrepreneurs have access to the resources they need to succeed through the engagement of robust, supportive communities. We created a platform and set of tools that made the process of raising investment capital from friends, family and community more efficient, inexpensive, straightforward and legally compliant. We’re proud of both the impact we’ve had on individual entrepreneurs who have accessed capital and grown their businesses using ProFounder’s platform, as well as our influence on crowdfunding regulatory reform in Washington.
Despite our progress, the current regulatory environment prevents us from pursuing the innovations we feel would be most valuable to our customers, and we’ve made the decision to shut down the company.
While this means the entity will be officially closing, we are still committed to our vision. One way we’ll be pursuing this is by joining forces with GOOD, partnering to continue innovating around crowdfunding. Our founding team will be collaborating with theirs in coming months to launch new tools and community experiences to empower entrepreneurs and creators. We look forward to bringing what we’ve developed and learned at ProFounder to GOOD, and are eager to work together to shape the next chapter of crowdfunding.
We will also continue to contribute to efforts in Washington. While it’ll take time, we believe changes are imminent in the crowdfunding regulatory environment and we are committed to being a part of those reforms. If you are also passionate about making crowdfunding accessible for entrepreneurs, legalizecrowdfunding.org provides great tools for getting involved.
Most importantly, we want to express our gratitude to you, our community, for contributing to ProFounder’s journey. If you still want to access our tools and any data you may have inputted, the site will remain live through the end of March.
It’s been an incredible ride, and an honor to be a part of this together. Thank you!
Jessica & Dana