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August 17, 2013 04:52 am GMT
"Democratizing venture capital" sounds great until equity crowdfunding fills startup financing rounds with amateur angels who don't add value. So while other funding platforms open the floodgates to any accredited investor, and eventually anyone if the JOBS Act goes into full effect, FundersClub will now only accept investors who've been invited by existing members.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4u6JGhWDb_Q/
FundersClub Ditches Dumb Money By Going Invite-Only
"Democratizing venture capital" sounds great until equity crowdfunding fills startup financing rounds with amateur angels who don't add value. So while other funding platforms open the floodgates to any accredited investor, and eventually anyone if the JOBS Act goes into full effect, FundersClub will now only accept investors who've been invited by existing members.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4u6JGhWDb_Q/
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