Online venture capital firm FundersClub is pioneering equity crowdfunding, and today demonstrated the value of bringing on dozens of investors rather than a handful. Ecommerce startup Soldsie just raised $425,000 from 72 investors, and hired one as its Chief Scientist. Yun-Fang Juan, a founding engineer of Facebook’s ads team, discovered Soldsie through FundersClub and now will build out Soldsie’s… → Read More
If you need more proof that FundersClub wants to radically change funding by letting non-VCs invest, it just closed a $6 million seed round, the largest ever from a YC company. There are still questions about its legality, but investors include A-listers YC, First Round, and Chris Dixon. Their support shows Silicon Valley is ready to disrupt itself by inviting the crowd to the cap table. → Read More
FundersClub is going to change how companies get funded. Today it launches a website designed to let anyone with as little as $1000 make equity investments in startups and earn money if they succeed.
For now you have to be an accredited investor with a net worth over $1 million or yearly earnings over $200,000 to use FundersClub. But an industry source familiar with the Y Combinator startup… → Read More