Document summary:
Crowdfunding is still not the accepted or the obvious choice for funding your startup, however. But news that the Austin, Texas-based MicroVentures has successfully raised its first $150,000 for three startups via its crowdfunding platform suggests that these alternatives might be viable after all.
Contributor comments:
MicroVentures isn't disclosing a lot of details about the first three deals that it's funded, but it says that these ranged from $2000 to $25,000 increments, with the average investment roughly $5000.
MicroVentures does the due diligence for investors, running a variety of checks on financials, forecasts, use of funds, burn rate and so on. Everything is disclosed fully to potential investors, who make their investments in exchange for equity in the companies.
To read the full, original article click on this link: Crowdfunding Your Startup with MicroVentures - Crowdsourcing.org
