Re:FundersClub: An online platform for making angel investments
by skue on Saturday July 28, 2012 @11:59AM
(#4305762)
I don't understand why startups would come here versus AngelList or other platforms. The $1K minimum practically guarantees a poor quality investor pool.
Just think for a moment about how conservative an investor has to be in order to (1) qualify as accredited (millionaire or very well paid) while (2) still being unwilling to part with more than $1K.
One of the problems that entrepreneurs have with sites like these is the noise - the folks who like to call themselves "angels" but only invest a random $5K once every year or two. They are more likely to waste your time with numerous questions and less likely to ultimately invest.
Just think for a moment about how conservative an investor has to be in order to (1) qualify as accredited (millionaire or very well paid) while (2) still being unwilling to part with more than $1K.
One of the problems that entrepreneurs have with sites like these is the noise - the folks who like to call themselves "angels" but only invest a random $5K once every year or two. They are more likely to waste your time with numerous questions and less likely to ultimately invest.