The Nation’s First Community Round Match Fund

The Nation’s First Community Round Match Fund

For 80 years, U.S. securities laws prevented the vast majority of Americans from investing in startups. Retail investors could invest in public companies like Starbucks on Wall Street, but not in their neighborhood coffee shops on Main Street. They could “invest” $10,000 on the spin of a roulette wheel in Vegas or a horse in the Kentucky Derby, but not in their friend’s tech startup. They could “back” a startup on Kickstarter, but they couldn’t own that startup’s equity.  

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Moonshot with the Kauffman Foundation

Moonshot with the Kauffman Foundation

At each phase of the process, ideas were refined and those with highest-potential were put to a group deliberation; finally a participatory budgeting process identified solutions with the greatest evidence of promise. This report is a compilation of those ideas. These are not fully baked out or endorsed by the Kauffman Foundation, nor the participants. However, in keeping with the structure of the workshop, we desired to develop ideas that were practical and potentially viable.

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