FundersClub reviews each prospective company via an internal Investment Committee, comprised of VC and angel investors, entrepreneurs, and operators, to confirm the company meets criteria for listing; and by the FundersClub Angel Panel, a member-driven vetting group, to assess community demand. Since FundersClub's launch in late July of this year, this process has filtered hundreds of referred companies down to 15 to raise funds via the platform. Coinbase, Sponsorfied, Tracks.by, Virool, and FundersClub itself were part of the first group of companies to be funded by the platform.
"FundersClub gives us great access to smart capital -- adding a powerful network and rich resources to the seed money they've invested," said Matt Schlicht, co-founder of Tracks.by. "Being able to open and close a fund so quickly -- with great access to high-powered, well-connected individuals from the Valley and beyond -- while keeping a single point of contact, is so different from other models for fundraising."
FundersClub's management entity, FundersClub Management LLC, manages the payment and investing process and serves as the fund manager for each of the five funds it has closed thus far. The FundersClub-managed venture fund receives and holds investor funds, makes the investment, holds and votes on the stock or holds the convertible note securities, and provides other venture capital advisory services. Because FundersClub acts as the single point of contact between fund investors and the company, companies are spared the headache of coordinating a large group of investors -- making group investments an attractive option for private companies.
The platform currently features early, mid- and late-stage private U.S. technology companies from Silicon Valley and beyond. The typical company listed on FundersClub is a startup with high growth and a reputable team.
To become a FundersClub member or apply to receive FundersClub investment, visit www.fundersclub.com.
FundersClub is the world's first online venture capital platform. It is built around a unique online marketplace that allows accredited investors to become equity holders in FundersClub-managed venture funds, which then fund pre-screened private companies. Each funded FundersClub startup benefits from the capital, the advice, and the professional networks of its associated venture fund investors, but are spared from the overhead of interfacing with a crowd of investors by receiving capital in a traditional venture capital fund format. Investors benefit from greater access to private investment opportunities, a more convenient investment process and the ability to diversify with relatively small amounts of capital.
Launched in 2012 by serial entrepreneurs and investors Alex Mittal and Boris Silver, FundersClub aims to create prosperity and transform people's lives by supporting innovation. The company is backed by top angels and VC firms, including: Andreessen Horowitz, First Round Capital, Tim Draper and more.
FundersClub operates and manages all venture funds. All FundersClub members with access to investment opportunities have certified as accredited investors.
To learn more about FundersClub visit www.fundersclub.com. For further details on how the platform works visit: http://www.fundersclub.com/site/howitworks.
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