We just reported on October 14th the offer listed on Seedrs by WebStart Bristol was close to being fully funded – just £25,000 short of their £150,000 funding goal. As of yesterday the unique offering was fully funded. Initially posted on the equity crowdfunding platform on October 7th the fund was one of Seedrs fastest movers in attracting investor funding for the month of October.
The offering page described the project:
WebStart Bristol is a new internet incubator for the dynamic city of Bristol. Opening in January 2014, WebStart Bristol plans to take its first group of 10 app and web services startups through an intensive 10 week programme of mentoring to deliver companies ready for rapid growth. Each startup will receive a net cash investment of up to £10,000 (depending on the number of founders), mentoring, office space and professional services over the course of the programme. After the 10 weeks, each startup will present its big idea on demo day to a room full of potential investors.
As popular or retail crowdfunding has stalled in the regulatory process in the United States, the United Kingdom continues to move forward by offering innovative investment opportunities. Creating a fund of crowdfunds allows a diversified approach lowering risk to the investor. With the UK offering dramatic tax incentives for investors in these riskier types of investments the new asset class of equity crowdfunding has a very compelling risk / return profile.
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