Yep, good thought. LOIs come in two varieties of course - binding and non binding. IDPro would ideally like the former. Your reference to 'not having to wait for June' and 'legal entity to give it to' make me think I have missed something. Is IDPro going to self incorporate between now and June? If so, who is paying for that? Cheers Colin Executive Director Cell: +44 (0)7490 266 778 Kantara Initiative Inc. <https://kantarainitiative.org/> On Mon, Apr 24, 2017 at 3:17 PM, Ian Glazer <iglazer@salesforce.com> wrote:
All -
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?
i
-- Ian Glazer Senior Director, Identity +1 202 255 3166 <(202)%20255-3166> @iglazer <https://twitter.com/iglazer>
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