Over 50 VCs turned down our startup. We turned to the crowd instead and ended up raising nearly $2 million online. Here’s how we did it.
The JOBS Act, passed in 2012, is intended to lift regulation and make it easier for firms to raise money. A new part of the law just went into effect.
11 companies from the most recent Y Combinator batch will recieve funding from FundersClub, a new model for venture capital that found a good deal of interest in funding those companies.
FundersClub, a website that lets investors back start-ups for as little as $1000, cleared an important regulatory hurdle when the SEC said its model is legal, in part because it is consistent with the Jobs Act.