Mashable - The Social Media Guide - Latest Comments in SocialMedian is Raising $500,000 … In 140 Characters or Less

Re: SocialMedian is Raising $500,000 … In 140 Characters or Less

Svetlana Gladkova — Thu, 21 Aug 2008 04:31:37 -0000

I think the problem here is that we think that web 2.0 business is something of a large playground and often forget to think about serious issues like legislation when we can simply achieve our goals on social media sites.

Re: SocialMedian is Raising $500,000 … In 140 Characters or Less

Jason Goldberg — Wed, 20 Aug 2008 18:54:20 -0000

We've had several of our users previously ask us if they could invest in socialmedian. The tweet was intended to let those people know that we are now considering investments from qualified investors. My mistake was in the wording of the tweet. The intent was good and fine.

Re: SocialMedian is Raising $500,000 … In 140 Characters or Less

Adam Ostrow — Wed, 20 Aug 2008 16:36:26 -0000

seems like Jason was genuine about it, though it's a bit surprising he wouldn't be familiar with the rules (if they really apply to this tweet) given he was previously CEO of Jobster, which raised a ton of money. But, he is doing things much differently with Socialmedian so far - it's just him and a team of overseas programmers he is paying.

Re: SocialMedian is Raising $500,000 … In 140 Characters or Less

Martin Edic — Wed, 20 Aug 2008 15:48:25 -0000

Isn't he risking coming up against SEC regs for public solicitation of investors? I'd want to get a good legal opinion, especially since Tweets are public records and preserved in multiple places including our social media warehouse. You can get in a lot of trouble if you're not careful about this.