Don’t call it Kickstarter, because on FundersClubyou get real equity for your investments in hot startups. In just three weeks since launch, FundersClub’s platform has pulled in $1 million for Y Combinator companies, closed an oversubscribed $500,000 round for itself, and proven there’s a new way for entrepreneurs to keep the lights on. Here’s a closer look at why FundersClub is so damn disruptive.
For the full rundown of how FundersClub works, check out my scoop on its launch, but here are the basics. Any accredited investor (over $1 million in net worth or earnings of over $200,000 a year) can check out the open rounds on FundersClub, learn about the startups, and invest as little a $1,000 in exchange for equity. If the startup exits, the investors can earn money, and FoundersClub plans to charge for liquidity so users can transfer their stakes before then.