AngelList Gives Smaller Investors A Piece Of The Action With Launch Of AngelList Invest

AngelList, a service that matches early stage startups with investors, is today continuing its transformation from social network to investing platform with the launch of a new feature called AngelList Invest. Created in partnership with broker-dealer SecondMarket for regulatory compliance purposes, the new addition will allow smaller, accredited investors the ability to put in $1,000 or more in a startup on the same terms as the company’s larger investors.

The move follows AngelList’s launch of Docs this fall, which made it possible for seed-stage startups to close their round online. While the network had previously helped startups facilitate deals by making connections, Docs actually formalized the process by offering a standard term sheet, automatically generated closing documents, and other tools to manage the process including e-signatures, PDF generation, tools for managing wire info and more. Docs has since seen over 260 applicants added to its waitlist, and has let in twenty companies so far, half of dozen of which have successfully closed.

Read more at TechCrunch



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