FAQ #1: What is this 'stock' you are talking about?

I am going public. Just like all those internet companies back in 1999 and 2000, I am going to raise money by selling off shares of ownership in myself. As you might suspect, and your suspicions would be true, there is no exchange that would agree to let me sell and trade these shares. But if I've learned anything while living in Portland, it's that you can always Do It Yourself.

Greg Borenstein, one of the smartest people I know, is building me a stock exchange. It will soon launch and allow anyone to purchase shares of K5M. The price will be determined by "the market" and fluctuate accordingly. Stockholders will be able to influence what projects I work on, motivated by the idea of raising the stock price. I imagine that the likely stockholders will be my friends, who choose to become literally invested in my future, as well as people I have not yet met who are interested in the project.

The money that I raise will be spent on new projects with plenty of documentation on how it is spent. I'm not out to rip anyone off. Of course like any stock purchase, there are risks. And while the method of being able to actively trade brings a dynamic aspect to the project, it is heavily based on etoy.com, of which I am a shareholder.

Please email me or post comments about any further questions!