Starting Monday, startups that use CrowdFlower's crowdsourced labor service will have the chance to receive investments of up to $10,000 each, courtesy of startup accelerator and seed fund 500 Startups. The Crowdflower Fund, a $250,000 platform micro-fund, will offer investments in up to 10 companies for a one percent stake. A lucky few startups may also qualify for $50,000 investments and an invitation for an upcoming accelerator program at 500 Startups' office space in Mountain View, California.
The partnership between 500 Startups and CrowdFlower, which offers a labor-on-demand service for companies that need simple jobs completed quickly (making sure that business listings are accurate, for example), makes sense. "[500 Startups founder] Dave McClure was an investor at CrowdFlower when he was at Founder's Fund," says Lukas Biewald, CEO of CrowdFlower. " We had been looking for a way to work together. We want to help more startups use our software in innovative ways, and Dave wants to fund innovative startups."
To read the full, original article click on this link: Exclusive: New Seed Fund Offers Startups Up To $10,000 Each | Fast Company
Author: Ariel Schwartz
