Funded! This project was successfully funded on April 14, 2012.

Update #3

It's illegal to invest $100 in a startup. Should Congress change that?

6 comments

Did you know it's illegal to invest $100 in a startup? 

As Tim Rowe, director of the Cambridge Innovation Center wrote in a Huffington Post article, "Ordinary individuals [can't] invest in each others' new businesses. "Unsophisticated" investors [are] simply considered too gullible to take this risk."  Tim's been advising the Senate on The Democratizing Access to Capital Act to change all of that.

Yesterday, we were interviewed on PBS to discuss what Crowdfunding can mean for inventors like us. Please watch the video and tell us where you stand:  If it were legal, would you invest in Gotham, or another small business?  What kind of restrictions should our government make?

(Click this link to watch the video)

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    24 backers

    Gotham Water Bottles. Made with 24oz Specialized Water Bottles: BPA-free and anti-bacterial. The water bottle choice of the professional cyclists. (Intl backers pls add $5 for shipping).

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    33 backers

    Gotham Bicycle Defense Industries T-Shirts Printed. on soft, form fitting, American Apparel. Choice of Gray or Black. We'll get your size upon order. (Intl backers pls add $5 for shipping).

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    713 backers

    The Defender: Theft-Resistant Bike Light. Made of lightweight aluminum with using ultra-bright LEDs and 100 hours battery life. Will retail for about $70. (Intl backers pls add $10 for shipping).

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    The Full Monty. A bundle with The Defender bike light, t-shirt, and water bottle. (Int'l backers please add $15 for shipping).

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    Early-Bird Award! Be the first to get The Defender: Theft-Resistant Bike Light. We already placed a production order for the first batch and we'll be ready to ship just after the campaign ends. (Int'l backers pls add $10 for shipping).

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    Two-Pack! Many of you have asked so we're offering two Defenders! If you want to order 3 or more, just message us. (Int'l backers pls add $15 for shipping).

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    The Defender with Custom Engraving. Here at MIT, we know how to use lasers! So we'll engrave your name or any short custom message on The Defender. You can let us know later. (Int'l backers pls add $10 for shipping).

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    *Just Released* Four-Pack! Many supporters give Defenders as gifts for bike riding friends so we're offering a Four-Pack. (Int'l backers pls add $18 for shipping).

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    Limited Edition "Gunmetal Black" Defender with Serial Number. For our early supporters, we're making a limited edition run in a custom color: Gunmetal Black. Each light will have a unique serial number on it. It's going to look sweet. (Int'l backers pls add $10 for shipping).

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    Bicycle Shop Starter Pack with 20 Defenders packaged for point of sale. Be the first Bike Shop in your area to carry the Gotham Bicycle Defense Industries Line. (Int'l backers, shipping cost depends on location. Let's talk.)

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