Andi Hindle had a great idea as to how we can start to collect funds for IDPro without actually collecting funds: letters of intent. His idea, born out of experiences with CIS and other initiatives, is to get letters of intent for founding memberships. Essentially, the LOI would be a signal that the organization plans on giving us money when there is a legal entity to give it to. The LOI would also include permission to use the organization's name in a launch press release. These LOIs would act like letters of credit that we can show the Kantara Board and other service providers.

What I really like about this is that we can get rolling collecting these LOIs asap and not have to wait for June.

What do you think?

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