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October 19, 2012 07:58 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aUcN693Ch1Y/
To Turn The Crowd Into Venture Capitalists, FundersClub Raises $6M Seed Round Biggest In YC History
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aUcN693Ch1Y/
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