Reblog from TechCrunch: Proving The Value Of Crowdfunding, Soldsie Raises $425K And Hires One Of 72 Investors Via FundersClub

As I said, 2013 will be the year of crowd-funding.

TechCrunch

Online venture capital firm FundersClub is pioneering equity crowdfunding and today demonstrated the value of bringing on dozens of investors rather than a handful. E-commerce startup Soldsie just raised $425,000 from 72 investors through FundersClub, and ended up hiring one. New Chief Scientist Yun-Fang Juan, a founding engineer of Facebook’s ads team, discovered Soldsie thanks to FundersClub.

The JOBS Act that eases restrictions on equity crowdfunding hasn’t been finalized yet, but enough of it is in place to legalize FundersClub. The Y Combinator graduate launched in July to pick promising startups and helps them raise venture capital from the crowd through its online platform. Accredited investors (people who earn $200,000 a year or have a net worth over $1 million) can browse startups on FundersClub, research their businesses, and then invest as little as $1,000 in exchange for equity in the startup. All the legal paperwork and money transfer happens online.

FundersClub’s…

View original post 903 more words

Advertisements

One thought on “Reblog from TechCrunch: Proving The Value Of Crowdfunding, Soldsie Raises $425K And Hires One Of 72 Investors Via FundersClub

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s