Nice. You going to launch it for anyone to use?

Just noticed this! It's Rails on Heroku. What's your stack?

I thought I answered this last night, but it must not have posted.

What happens when a backer charges back or payment fails?

Back charges suck for everyone. They can be disputed but it's a pain and costs real money if you lose the dispute.

The website is essentially selling virtual stock. You can accept regular pledges without the option for participating in variable equity SAFE warrants. I'm going to have to change the rules on participation until some rules are passed by the SEC in the next couple of months.

you added that it's the obligation of the campaign runner to provide what they owe. Do you plan on adding a section where it explains what the % of product owned actually is?

Can you clarify this?

You can still get pledges. This is a super early beta. I do plan on providing all the copy thoroughly explaining how all of this works.

I'm working on issuing variable ownership SAFE warrants until an equity event occurs. (you build a product and take it to market, etc) It's all optional at this point (or will be). Converting participation/pledges into warrants probably will be limited to friends/family until the SEC/FINRA finalizes their rules on Title III of the JOBS act. This should happen sometime before/beginning 2016.

1. Great lawyers
2. a.) It's all sent securely through our payment processor. Since it's continuous crowdfunding (subscription-based model) backers are charged monthly, and creators bank deposits once a month as well.
3. b.) Instant transfers do happen inside of "mini-campaigns" creators can make. These are typically used for one-off tool/material requests that aren't in the current budget.

You can also run micro-campaigns, so while you're building, if something new comes up, you can run a smaller one-off campaign.

It will be yes, right now people can take pledges.