SEC Greenlights One Style Of Equity Crowdfunding For Startups

Re:SEC Greenlights One Style Of Equity Crowdfunding For Star... by rattray on Thursday March 28, 2013 @03:30PM (#5457104)

I'm personally tremendously excited about FundersClub. It seems like they have the right mix of a hands-on, closed system (for fundraisers) and self-serve, open system (for accredited investors, more or less). I am curious how much each startup has raised through the platform, though. They claim over $26m in total, split over (at least?) 8 companies: https://thefundersclub.com/site/pastinvestments/

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Re:SEC Greenlights One Style Of Equity Crowdfunding For Star... by mittal on Thursday March 28, 2013 @03:57PM (#5457247)

Thanks! Right now, our seed investments per startup have ranged from ~$100k to over $500k. We have publicly announced about $4M of FundersClub investments. The $26M figure is the total capital going to our portfolio companies--other VCs frequently lead, co-invest, or follow-on to our investments, leveraging our own capital. We have invested in more than 8 startups but have not yet announced them publicly.

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