Barely a day goes by without the launch of a new crowdfunding site or campaign.
It’s easy to see why the trend, which lets entrepreneurs appeal to the public for financial help, has caught on. It’s empowering, and has the potential to disrupt traditional financing models. But crowdfunding isn’t always the answer for tech startups, and funds may be running dry.
SecondMarket extends the deal, drops the minimum to $1000
This month, AngelList, a network for investors to connect with each other and show off their credentials, announced a partnership with SecondMarket to raise funds for tech startups.
At the time the announcement was made, the pair offered accredited investors the opportunity to invest as little as $5,000 into a private company.
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