A group of executives from the financial-services industry has started what they call a peer-to-peer platform for early-stage investing, with the hope of connecting angel investors with promising start-ups.
Austin, Texas-based MicroVentures officially launched this week, and has already signed on more than a dozen investors who are scouting for good start-ups, said Bill Clark, chief executive of MicroVentures.
“I expect to have 1,000 to 2,000 [investors] by the time we ask businesses to participate,” Clark said.
MicroVentures is not an incubator program, he said. The organization has no current plan to raise a fund to back start-ups itself, nor does it intend to take a stake in companies that receive investments through its service, he said.
To read the full, original article click on this link: New Service Aims To Enable ‘Peer-To-Peer’ Early Investing - Venture Capital Dispatch - WSJ
Author: Timothy Hay
