One of the problems that startups have is getting funds.
So a few people came up with the idea of “outvesting“, which they describe as:
“The act of committing money to a business while expecting to get nothing in return, other than the satisfaction of giving a leg up to Irish entrepreneurs.”
The idea is pretty simple – pledging €50 each towards startups. €50 isn’t much, but when you multiply it by 40, 50 or 100 it becomes a “nice chunk of cash”.
Further details on the site