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May 3, 2011 08:00 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yfxKF5ifkM8/
Crowdsourced Fundraising Platform ProFounder Now Offers Equity-Based Investment Tools
Late last year, we wrote about ProFounder, a startup that offers entrepreneurs ways to raise money for their startups and ideas. At launch, ProFounder allowed entrepreneurs to share a percentage of their revenues with investors (their friends, family, and community) over time in exchange for an investment. Today, ProFounder is launching another option for fundraising-an equity term sheet. Entrepreneurs can apply to Profounder, upload a pitch to offer to potential investors and then create a term sheet with Profounder's templated forms and compliance sheets. ProFounder then gives businesses a page where they can invite friends, family, and investors to a destination page that allows users to make contributions and investments directly on the site. The bonus of using ProFounder is that the platform allows unaccredited investors (i.e. friends and family as opposed to a venture firm) to participate, so anyone can be an investor.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yfxKF5ifkM8/
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