Grow VC launches, aiming to become the Kiva for tech startups

Re:Grow VC launches, aiming to become the Kiva for tech star... by adamhowell on Monday February 15, 2010 @08:23AM (#1126508)

With the returns VC investing has had the last several years, the only reason there's still money in VC is because it's a fun and exciting thing for people with lots of money to invest in.

People without lots of money and who will have no one-on-one time with the founders they're investing in are throwing their money away with something like this.

Those types of investors need index funds, not the "Kiva for tech startups".

[ Parent | on HN ]

Re:Grow VC launches, aiming to become the Kiva for tech star... by nanijoe on Monday February 15, 2010 @09:27AM (#1126599)

Well, it turns out they actually screen "funders" , you have to already have a track record with funding startups before you can contribute..that right there may be the death of GrowVC.

I think it would make more sense to allow any random person with money to invest, and then work on how much power/say they have in the actual running of the startup

[ Parent | on HN ]

Re:Grow VC launches, aiming to become the Kiva for tech star... by sushi on Monday February 15, 2010 @10:38AM (#1126767)

Yeah. This seems more like angel funding than VC funding. I'd say that money is relatively easier to arrange but finding someone who can mentor you along the way is way more difficult. It's even better if you find such mentor who is also willing to invest and give time to the idea.

By the way, I find this site is pretty good http://www.kickstarter.com/

BTW I am not related to this site in any way.

[ Parent | on HN ]

Re:Grow VC launches, aiming to become the Kiva for tech star... by valto on Monday February 15, 2010 @12:15PM (#1126983)

Only sophisticated investors are allowed to make direct investments. Others can contribute via community fund. I.E. via expert or startup.

[ Parent | on HN ]