MicroVentures site has raised $8 million

Number of the day  $8 million

That’s how much money MicroVentures has raised through online private placements to help finance 25 startups. The crowdfunding website, which connects investors to entrepreneurs, makes the process more streamlined than holding long meetings with venture capitalists, clients say. MicroVentures may soon get more competition, thanks to a new law that could permit almost anyone to buy shares in private companies through crowdfunding sites.

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“They’re fascinated first of all that we have it, and the second thing they’re fascinated about is we run it ourselves.”

Read More at SFGate



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