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
As Bitcoin Boomed, A Crypto Billionaire Decided Sequoia Capital Was Lowballing His Exchange. Now the VC Is Suing
on April 25, 2018 at 3:07 am
A legal dispute between Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, and a unit of Sequoia Capital is offering a rare glimpse into one of the digital-asset industry’s fastest-growing ... by another VC firm, IDG Capital ... […]
How the PE/VC investments market played out in 2017
on April 25, 2018 at 2:49 am
The private equity market in India saw a record year in 2017 with $26 billion in PE/VC investments, the highest amount ever ... Exits also registered their best year, growing by more than 60 percent to $15.7 billion in terms of value, signaling confidence ... […]
Swedish VC Wellstreet Is Coming To Lithuania
on April 25, 2018 at 2:01 am
The company is known for providing specific expertise and turn the innovative ideas into viable, fast-growing businesses through the investment in early-stage startups. a new market, which means new opportunities for innovative ideas to become viable ... […]
Energy storage and smart grid firms enjoy surge in VC interest
on April 24, 2018 at 3:18 am
Global investment in energy storage and smart grid firms soared during the first three months of the year, according to a new report from consultancy Mercom Capital Group that underlines the growing interest... […]
What's Behind Asian Tycoons' Growing Appetite For Tech Startups?
on April 23, 2018 at 9:41 pm
According to Singapore-based Investor Ozi Amanat who has been recruiting some of Asia’s richest families to invest in K2 Global, the Tech VC firm he founded in 2015, tech is the future and wealthy families along with their next generation are waking up ... […]
Corporate funds will shake up Indonesian VC model
on April 21, 2018 at 8:00 pm
The surge of interest in corporate funds comes as independent VC funds face growing problems in two key areas. It has become harder to find technology deals that can generate high returns on a par with those they expect from investments in natural ... […]
VC funding, premarket approvals grow for Mass. medtech companies
on April 19, 2018 at 6:43 pm
The medical device industry in Massachusetts saw growth in venture capital funding last year and raised $3.7 billion from 2014 to 2017, according to a Grant Thornton report. The Bay State also saw more premarket approvals last year and had a 1% increase in ... […]
VC-backed TruLeaf closes strategic deal with McCain Foods
on April 14, 2018 at 5:36 am
TruLeaf has developed proprietary indoor vertical farming technology to grow fresh and nutritious leafy greens of high quality and flavour, in an environmentally sustainable way, 365 days per year. Since its inception in 2011, the Company has assembled a ... […]
Canada’s Technology VC Deals Had a Record-Setting Q1 in 2018
on April 13, 2018 at 1:42 pm
Often times, people speak in hyperbole when it comes to explaining just how quickly Canada’s tech and startup scene is growing. Sure ... Canada’s 2018 Q1 saw the biggest amount of VC funding since the dot-com era. All in all, the top 10 deals secured ... […]
SpaceX’s valuation approaches $25 billion, growing Elon Musk’s fortune to $21.3 billion
on April 12, 2018 at 9:33 pm
SpaceX could soon be one of the most valuable VC-based companies in the U.S., thanks to a new round of funding that would also give the net worth of founder Elon Musk a nice bump. According to Bloomberg, SpaceX is seeking to raise $507 million in funding ... […]
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