In this two-part article on medium, Xavier Damman raises an important point.
If we want to promote bottom-up grassroots type activities, it should be easy to raise money to fund a project, an action, a pre business activity, without having to first form a legal entity and open a bank account. That is too much red tape for most small starting activities…
So far, the Internet has been very good at helping people do things together. But once it involves money, there is no good solution. Creating a new legal entity is too much overhead, too early. What if we could create a virtual entity that can collect money as easily as creating a Facebook Group?
How can we do things together that require money without having to worry about the complexity of creating and maintaining legal entities?