[thinkcomp]

Unfortunately, domestic money transmission is illegal is California as of July 1st without a license. The only way around that is money, and I'm not willing to do jailtime for traction.

http://www.facecash.com/legal/ca.html

[mahyarm]

Get out of California then. Go to Nevada, Texas, Washington, anywhere that will be friendly at the moment to your idea. Seriously. Do what ever it takes to climb that mountain.

[thinkcomp]

That's not how the law works. It's a California law that applies nationwide. (Read the link.)

[mahyarm]

Then you don't do business in california for the time being until you get that funding to pay for all the paperwork.

[thinkcomp]

If VCs actually were willing to fund companies based on their potential, as this essay supposes they should, that might be an option. Unfortunately, most VCs do not want to fund startups that cannot do business in most states, especially California.