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MicroVentures Reaches $16M in Equity Crowdfunding Investments

document Crowdfunding
Summary
MicroVentures, the only combined equity crowdfunding platform and broker-dealer in the US, announced today that accredited investors on their platform have invested $16M in startups. With investments in 34 companies, MicroVentures has now invested more with legal, accredited investors than any other equity based crowdfunding platform. MicroVentures employs a crowdsourcing process that enables the power of the crowd to decide which startups will receive investments in an effort to provide a higher probability of successful outcomes. Further, MicroVentures has a dedicated due diligence team that screens out companies that may have potential growth inhibiting challenges.
Description
"As we patiently wait for the SEC to enact rules around the JOBS Act, we are utilizing traditional securities laws to connect startups with great investors. This is only possible as a result of our being one of the only registered broker dealer in the space. This is the first time ever that accredited investors have had the ability to invest alongside VC's without taking major stakes and ending up with similarly diversified portfolios. However, we may find that the crowd does an even better job at picking winners," said Tim Sullivan, CEO of MicroVentures.




SOURCE:http://www.marketwire.com/press-release/microventures-reaches-16m-in-equity-crowdfunding-investments-1792022.htm

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