Don’t call it Kickstarter, because on FundersClub you get real equity for your investments in hot startups. In just three weeks since launch, FundersClub’s platform has pulled in $1 million for Y Combinator companies, closed an oversubscribed $500,000 round for itself, and proven there’s a new way for entrepreneurs to keep the lights on.
FundersClub doesn’t rely on the JOBS Act that would let non-accredited investors crowdfund startups. But if the bill is finalized without being sterilized, the JOBS Act could make FundersClub even more of a game-changer by letting literally anyone invest. FundersClub is backed by Y Combinator, First Round Capital, Start Fund, and now 95 mini-angels that together poured in half a million dollars. FundersClub doesn’t necessarily replace the traditional venture capital sources, but it’s a powerful alternative.