Crowdfunding Startup Gets Its Own Venture Capital

You might think that VC firms in Silicon Valley had all the leads on the next big thing they needed. You’d be wrong, which explains why new crowdfunding outfit Funders Club just raised $6 million from a gang of expert early-stage investors, including First Round Capital, Felicis Ventures, Spark Capital, Digital Garage, Intel Capital, and Y Combinator-affiliated funds (Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners), along with a handful of angel investors.

To set itself apart from all the other crowdfunding sites starting to crowd the market in anticipation of the JOBS Act kicking in, Funders Club is going for simplicity. “Our philosophy is that it should be as easy to invest in private companies as it is to invest on E-Trade for public companies,” says co-founder Alex Mittal, who started the crowdfunding platform five months ago.

Read More at Wired

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