Kiva is p2p-lending site that facilitates loans between lenders in wealthy countries and entrepreneurs in developing countries.
Now a new startup aims to bring a similar model to startups in the developed world but with an investment focus. The idea here is to fix the current inefficiencies of private seed funding for web and mobile companies, especially in markets outside of the hothouse that is Silicon Valley (i.e. Europe and Asia).
Grow VC is a new community funding model for technology startups. Here’s how it works: Grow VC will pool 75 per cent of membership fees into a community fund that gets invested back into ‘promising startups’ which are members of the platform. The fund is managed by Grow VC but all the investment decisions are left to members who determine how to invest their portion of the fund into other startup companies that they feel have the most potential. The most successful decision makers get financially rewarded when the community fund begins earning a return on investment. So, if you promote the best companies you make moola.
Joining Grow VC, and the basic features such as building a person profile, are free. Premium features come with subscriptions ranging from $20 to $140 per month, depending on how much money the startup company is seeking or how much the investor is looking to invest. For unlimited service investments, the monthly subscription fee is $90 per month. The fund is aimed at startups that need $10,000 to $1 million USD.
The Latest on: Grow VC
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Bengaluru has emerged as the worldÃ¢â‚¬â„¢s fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris.
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As per the new research released in London on Thursday, investment in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020.Investment Mumbai grew 1.7 times from $0.7 billion to ...
- Bengaluru world's fastest growing tech hub, Mumbai 6thon January 13, 2021 at 9:05 pm
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- Bengaluru world’s fastest-growing tech hub, London second: Reporton January 13, 2021 at 8:47 pm
Bengaluru is also ranked sixth for the world’s tech venture capitalist (VC) investments Bengaluru has emerged as the world’s fastest-growing mature tech ecosystem in the world since 2016, followed by ...
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Josh Frydenberg’s blocking of Chinese investment into Australia could slow funds from the country coming into the startup scene — but that's okay says one prominent VC.
- OneRail to accelerate Orlando job growth after closing VC roundon January 13, 2021 at 3:00 am
Orlando startup #OneRail is ramping up its job growth trajectory after landing millions of dollars in #VC. Will your business grow in 2021? #tech #logistics #jobs #localbusiness #businessnews @OneRail ...
- Flexible VC: A new model for startups targeting profitabilityon January 11, 2021 at 1:43 pm
A new category of investors has emerged offering a hybrid between VC and revenue-based investment (RBI), which we call “flexible VC." ...
- Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, moreon January 8, 2021 at 2:11 pm
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