HumanIPO 2.0 — Grow, and let your supporters profit from your success

@pollock thanks for joining! Great to see you in our portfolio!

@ravi_bajnath Hi Ravi, appreciate your feedback! Let me give a bit more context so you understand what the product is. 85% of people in U.S. hate their jobs, but they have to go to the job. Is that slavery? HumanIPO offers a freedom for individuals - to start doing something they really passionate about. Example: you finished college and you have to go to the job to pay off your loan. But you have an idea you passionate about (start a podcast, launch a startup, etc.). You will not be able to get funded at this stage by VC or angels. But you can sell up to 500 hours of your time on HumanIPO to people who believe in you. Get cash today and finally start the project you dream of. And yeah, you can always buy back your time from the market if you became successful really fast.

@kirillgoryunov "85% of people in U.S. hate their jobs, but they have to go to the job. Is that slavery?" - Yes, that does a better job at describing the metrics behind the concept of wage slavery (and can you reply with the reference, it's worth sharing). Wage labor is a violent, involuntary, coercive social relationship that is empowered by State-institutions rather than the arrangement of peaceful, voluntary, and cooperative notions of labor demonstrated in Worker-Managed Cooperative firms. This is a core (economic) argument behind Black Lives Matter. Also please read David Graeber's "Bullshit Jobs" and "Debt: The First 5,000 Years", highly relevant to your prepared talking points. Forwarding the notion that funding by Venture Capitalists and Angels as a pipeline in a private marketplace to streamline success also ignores the political directive of VC and Angels who perpetuate privatization and concentration of capital (in all its forms; economic, political, social, cultural, etc.) to the interest of larger financial stakeholders. Hence, the degrading nature of selling myself in a marketplace to kickstart an idea for my wellbeing and livelihood to people who only have limited transactional financial interests in a society sharply rebelling against this form socioeconomic agreement is kind of surreal to defend and perpetuate. But do you.

@ravi_bajnath Ravi, I think HumanIPO is actually is pro-proletarian. The bourgeois are exploiting society by stealing the results of proletarian labor. HumanIPO is taking away any intermediaries and allows everyone to harvest the whole potential of their labor. We all want to mean something, we want our labor to change our lives and lives those around us. This concept empowers everyone to be their own VC-backed startup.

@ravi_bajnath - There is total freedom, no one force to do anyone / anything at any point ( vs slavery against someones` will). HumanIPOer signed up as he / she desires, established her price in exchange to consulting / professional time which goes up in value as one`s expertise becomes better with time. Think a freelancer market, consulting services where the time is the most valuable asset of professionals in return dollar amount.

@vlas_lezin Pro-Proletarian is the elimination of class, state, and money, Marx 101. It is not HumanIPO. The language of harvesting whole potential is straight out of The Matrix, please be cognizant of your language! I do agree that we all seek intrinsic value in our work, but confusing VC-backed ventures, with its means of what we consider today's actual capital investments and labor exploitation, is what we need to work against as socially responsible product makers. What would benefit workers more is matchmaking with local cooperatives and worker education to help their communities and participate in a wage-free, 100% voluntary labor-arrangement. Relying on HumanIPO enablement relies on the exploitation of the working class.

@adamscochran Adam, thanks for a great question! HumanIPO shares are for consumption only. End users will come to HumanIPO to buy time and redeem it for their need. It is about access to individuals. From that perspective the shares are like a buying a bottle of collectible wine. (probably not the best example). You can financially benefit from it, but it is not a security, because at the end of the day someone will drink it. Would be happy to chat more about it with you!

@kirillgoryunov When you have a sell option, and when you advertise it to "investors" and tell them the returns they can get it becomes a security regardless of consumability. You might want to speak with a securities lawyer.

@kirillgoryunov @adamscochran we had an initial discussion. You can advertise "investment" and possible returns to wide variety of cases, without it being a security: wine, cheeses, cars, education, lifestyle, product. We are not sharing any income, we are not creating any legal enterprise, we are literally dividing the consulting contract and selling it in pieces.

@kirillgoryunov @adamscochran Adam, thank you. Of course, we are aware of both Howey test and future need for strong legal team on this and many other matters. However, there are some caveats into the Howey test as describe by Washington and Lee law review: "The investor, however, must not benefit from the personal use or enjoyment of the investment because the necessary expectation of profit then would be absent. See Howey, 328 U.S. at 300 (existence of investment contract requires expectation of return on investment); Forman, 421 U.S. at 852-53 (existence of investment contract requires motivation centered on expectation of return rather than personal consumption); Aldrich, 627 F.2d at 1040 (Howey expectation of profit does not encompass personal use or enjoyment)." For example, I own 1 hour of Tristan Pollock's time and i don't intend to benefit financially from it, I plan to use it for personal consumption. I also intend to buy 30 minutes of opera singer time, so she can sing to us on our anniversary for our enjoyment.

@kirillgoryunov @vlas_lezin You negate all of those arguments in the section where you call people "investors" instead of buyers; and by having a section called "return on investment" that advertises it for profit (https://humanipo.app/#return_on_...) you literally set the expectation of profit. Securities law is not binary, you cannot circumvent it by playing those games, especially when you create your own secondary market of buying and selling.

@vingar Vinish, thanks for joining! It's great to have you in our community.

@andrey_zinoviev Thanks Andrey - appreciate it!

@kirill @moab_group Hi Armand, thanks for your question. You just need to apply with $/h rate you're comfortable to start. Market will determine it over the time.

@kirill @kirillgoryunov Okay, so I decide and the market regulates, got it! I will start with $100k/h then. Thanks.

@kirill @moab_group sounds good!

@darina_finikova thank you and welcome!

@jaketital Hi Jake, HumanIPO is marketplace where you can buy, sell and redeem equity of individuals backed by time. Also we're not using crypto. You can find more how it works here: https://humanipo.app/faq

@jensen_chen thanks for sharing that! HumanIPO offers secondary market for the time of individuals. I didn't find the same on the link you shared.

@jensen_chen Interesting! thank you!

@niirehtak thank you! Currently we offer to buy time of 30+ individuals like Forbes 30 under 30, serial entrepreneurs, VCs, artists, designers and others. Anyone can sign up and apply!

@c80440350 Thanks for asking! In case of death or severe physical degradation, HumanIPO will use its backup funds to partially compensate human equity owners for the no longer available service.

@philippapi Thanks! Tristan Pollock's IPO is ongoing right now! https://shorturl.at/eUZ45

@alexander_nevedovsky Thanks Alex, appreciate it!