Summary
PeoplesVC allows unaccredited investors to invest up to $1 million in startups and existing businesses. Unlike Kickstarter’s donation-based model, individual investors take an equity stake. The company was founded in May and claims to be the first of its kind. The founders hope this will bring legitimacy to the space, which is still considered high risk. “There are a lot of question marks around crowdfunding,” said PeoplesVC founder Akhil Garland said.
Description
PeoplesVC, an online crowdfunding platform, announced it will bring grown-up experience to the table in the form of new hire, Michael D. London. London will join the company as a boardmember and principal shareholder and will assume the role of its chief executive.
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Posted by Pablo Braccini