For Vincent Lucero, Upstart came along at the right time. His gaming company, Soaring Squirrels, was just lifting off in the spring and he was looking for money.
A friend directed the recent University of Washington graduate to Upstart, which offers a platform for multiple investors to drop relatively small investments into the accounts of budding entrepreneurs -- a phenomenon called crowdfunding.
"[Upstart] provides mentorship and some financial security so that a student can follow an entrepreneurial path," Matt O'Donnell, professor of bioengineering at the UW, by email.
Besides providing financial support of $25,000, Upstart linked Lucero with tech professionals to guide his entrepreneurial pursuits. One was Russel Simmons, co-founder of Yelp.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.