FundersClub (YC S12) launches a new way for startups to get funded

by Alexis Ohanian7/26/2012

FundersClub is going to change how companies get funded. Today it launches a website designed to let anyone with as little as $1000 make equity investments in startups and earn money if they succeed.

For now you have to be an accredited investor with a net worth over $1 million or yearly earnings over $200,000 to use FundersClub. But an industry source familiar with the Y Combinator startup gave me an exclusive rundown of its whole roadmap, including that if the JOBS Act goes into effect or FundersClub pays to set up a mutual fund, literally anyone will be allowed to use it to invest and profit if a startup successfully exits.

Read the full article on Techcrunch


  • Alexis Ohanian