Venture Capital: Pennies from heaven

January 6, 2013 @ 2:40 am By The Economist

A SUCCESSFUL internet entrepreneur sets up his own incubator, offering convertible debt to a handful of aspiring imitators. So far, the script resembles many that play out in Silicon Valley and the like. But at $37, the funds dished out by Pinboard Investment Co-Prosperity Cloud are not quite up to the sort of venture-capital generosity that most budding entrepreneurs have come to expect.

Maciej Cegłowski, the benefactor and man behind Pinboard, a bookmarking service, is being facetious, of course. But in doing so, he makes a sharp point. Mr Cegłowski’s $37 is enough these days for six months of virtual-server rental at a hosting company and “a productivity-enhancing hot beverage”. That should be plenty to get the ball rolling on a good idea.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025

Number of Filings130Prior 125 +4.0%

Target Raise, Total$3.37BPrior $3.54B -4.7%

	This YTD	Year prior	Change
Filings	130	125	+4.0%
Target raise	$3.37B	$3.54B	-4.7%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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