New Service Aims To Enable ‘Peer-To-Peer’ Early Investing
A group of executives from the financial-services industry has started what they call a peer-to-peer platform for early-stage investing, with the hope of connecting angel investors with promising startups.
MicroVentures, which is funded by its founders, aims to charge startups US$99 for a basic listing on the organization’s investing platform, then an additional US$250 for performing due diligence on behalf of potential investors, Clark said. There’ll be no charge to investors who want to use the platform; they’re permitted to invest between US$250 and US$5,000 per company.
A New Model for Angel Investing: Funding It Forward
Presumed Abundance, a new fund and a new way of investing that could provide a new model for angel investment that melds the philanthropic with the excitement of the start up — all while creating an ongoing wave of new enterprises that do good for the world.
With Presumed Abundance, if the entrepreneur sells the company, the percentage the founder gave up is no longer just owned by the angel but by both the angel and the entrepreneur. The only stipulation is that the entrepreneur reinvests it in another exciting business that does good for the world.
Ron Conway And The Technology Ecosystem
In his recent post, Michael Arrington of TechCrunch gives kudos to Ron Conway, the most prolific and one of the most successful angel investors in the business. He writes:
The sheer volume of deals he’s done over the last 20-30 years, investing in 3-4 startups per month, is staggering. And his hit rate is so high, particularly for the massive win startups, that very few investors can come close to the success rate he’s had.
Arrington highlights a post by Ben Horowitz, who gives specific examples of how Conway operates, and the key factors to how the super angel does business.
* For series, references are published in the last installment of the series.
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