i got some information. they are using the private funding through the SEC compliance program called Regulation A+ from the JOBS ACT which allow then to obtain funding up to 50million dollars with both accredited and non-accredited investors through a public auction format
Andressen Horowitz and other VC firms has already funded the company via private seeding money, bunch of All stars and obviously the technical talent with Bram Cohen.
So I am going to setup another meeting to discuss how i can either get an investment pool to fund the project. I will share some of the information with our pub member LImes who and others has setup a investment pool that is trust worthy already setup on multiple projects to see if this is something that the pub member /investment pool member would like and I will fill out their request forms. Obviously I also want to do some private investing also on the side along with the pool
So basically buying a equity in the company via SEC compliant program
Chia,Inc will pre-mine which the shareholders will get chia coin out of the pre-mined coins.
rest of the chia coin will have to be mine via proof-space+time mechanism. This will be very useful because you can both own equity and the coin at the same time
I will post more details once i get to my other phone meeting