Kiva is p2p-lending site that facilitates loans between lenders in wealthy countries and entrepreneurs in developing countries.
Now a new startup aims to bring a similar model to startups in the developed world but with an investment focus. The idea here is to fix the current inefficiencies of private seed funding for web and mobile companies, especially in markets outside of the hothouse that is Silicon Valley (i.e. Europe and Asia).
Grow VC is a new community funding model for technology startups. Here’s how it works: Grow VC will pool 75 per cent of membership fees into a community fund that gets invested back into ‘promising startups’ which are members of the platform. The fund is managed by Grow VC but all the investment decisions are left to members who determine how to invest their portion of the fund into other startup companies that they feel have the most potential. The most successful decision makers get financially rewarded when the community fund begins earning a return on investment. So, if you promote the best companies you make moola.
Joining Grow VC, and the basic features such as building a person profile, are free. Premium features come with subscriptions ranging from $20 to $140 per month, depending on how much money the startup company is seeking or how much the investor is looking to invest. For unlimited service investments, the monthly subscription fee is $90 per month. The fund is aimed at startups that need $10,000 to $1 million USD.
The Latest on: Grow VC
Clobotics adds $11 million from Nantian Infotech VC and Wangsu Company to Series A
on August 15, 2018 at 11:23 am
New investors include Nantian Infotech VC and Wangsu Company, joining previous investments ... The company will also invest in ongoing product development and continue to build its growing team of exp... […]
Boom in numbers of VC firms and accelerators shows Aussie market is maturing, says Artesian’s Jeremy Colless
on August 15, 2018 at 7:26 am
These figures follow reports of increased investment in Australian startups — with a record $848 million invested during the 2017-18 financial year, according to KPMG’s Venture Pulse report on global ... […]
How This VC Aligns Her Networking With Her Fund's Investment Thesis
on August 13, 2018 at 8:23 am
Readers of that prior post didn't know that these tips were just a tiny glimmer of the network building activities Irwin is pursuing to grow her fund (primarily with investors, but also for deal flow) ... […]
The City of New York is Investing $10M in VC Firms to Support Female Entrepreneurs
on August 13, 2018 at 6:07 am
Women of color, who comprise the fastest growing segment of entrepreneurship in the country ... The root of the problem is a lack of diversity in the senior ranks of the VC firms dispensing this capit... […]
A VC Perspective: These Technologies Are Fueling Israeli Innovation Right Now
on August 13, 2018 at 5:52 am
Subsequently, the growth in this sector is reflected in the overall investment numbers for AI in Israel, with the market growing from $55 million in 2016 to $472 million in 2017, according to the Geek... […]
Supergiant VC rounds aren’t just raised in China
on August 11, 2018 at 10:05 am
Firms are raising significant sums to finance a growing number of large startup funding rounds ... We’ve already identified approximately when the uptick in huge VC rounds began: toward the tail end o... […]
The Astounding Growth of Chinese VC—and the Tech It’s Flowing Into
on August 9, 2018 at 8:00 am
Now the second-largest VC market in the world, China’s VC fundraising nearly ... these Chinese giants will both solidify growing influence at home and technological dominance abroad. […]
Dear VC, Why Are Investors So Scared Of My Grand Business Plan?
on August 9, 2018 at 12:07 am
He is currently the principal for Sun SEA Capital, a US$50 million VC fund based in Malaysia that focuses on growing and mentoring scalable technology startups in Southeast Asia via Series A funding r... […]
Bye bye, bootstraps: PerkSpot raises $50M to grow its team and platform
on August 8, 2018 at 7:52 pm
The VC firm’s managing director ... and we look forward to the opportunity it brings by growing our team and product suite to provide even more benefits to employees in the future.” PerkSpot’s $50 mil... […]
Equidate, a $220 million company that helps startup employees cash out their equity before IPO, just named a veteran VC as its new CEO
on August 8, 2018 at 5:01 am
On Wednesday, the startup announced a new CEO, veteran executive and investor Kelly Rodriques, who is tasked with growing the startup and expanding its reach internationally. Four months before Spotif... […]
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