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.

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

@iglazer

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