Crowdfunding firms boost startups

When Medigram, a Palo Alto startup that makes a messaging app for medical professionals, wanted to raise money this year, it enlisted the help of MicroVentures.

The online marketplace, also from the Silicon Valley, quickly lined up “hundreds of thousands” of dollars from about 20 individuals, says Medigram’s co-founder and chief executive officer, Michael Chiu. He credits the website, which connects investors to entrepreneurs, with making the fundraising process “a lot more streamlined” than having endless meetings with venture capitalists.

Read More at  SFGate



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