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
[google_news title=”” keyword=”Grow VC” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]- Deputy PM, VC Zheng express determination to complete CPEC projectson May 5, 2024 at 12:34 am
Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar and Vice Chairman of the Standing Committee of the National People’s ...
- Human composting and timber marketplaces: talking “industrial” VC with investor Dayna Graysonon May 4, 2024 at 1:29 pm
While the venture world is abuzz over generative AI, Dayna Grayson, a longtime venture capitalist who five years ago co-founded her own firm, Construct Capital, has been focused on comparatively ...
- UAE’s Web3 VC Firm Klumi Ventures Now Regulated by Financial Services Regulatory Authority of ADGMon May 4, 2024 at 9:55 am
Klumi Ventures announces achievement as UAE's Web3 venture capital firm regulated by the Financial Services Regulatory Authority.
- Balaji Srinivasan, VC pushing dystopian vision of SF, backs plans for tech campuson May 3, 2024 at 6:10 pm
One of the groups aiming to build a square-mile “campus” in San Francisco is partially funded by "Network State" leader Balaji Srinivasan.
- Deeptech VC raises €300M in push for ‘semiconductor supremacy’on May 3, 2024 at 3:50 am
Belgian VC Imec.xpand has launched a new fund targeting AI, semiconductors, nanotechnology, photonics, and quantum computing.
- VC fund with local ties focuses on women-led tech startupson May 2, 2024 at 3:00 am
In the race for venture capital, women-led startups have historically lagged behind their male counterparts. Though U.S. VC funding has been trending up in recent years, according to PitchBook, women ...
- Citigroup's VC arm invests in API security startup Traceableon May 1, 2024 at 4:59 am
"There's a lack of recognition of the criticality of API security," Bansal told TechCrunch in an interview, "as well as ignorance of the ever-growing attack surface in APIs and a resistance to embrace ...
- VC-Backed Founder Pitches Shark Tank And Wins Big. Is This A Trend?on April 30, 2024 at 4:15 am
Entrepreneur Dawn Myers raised VC funding for her detangling device, the Mint. She also recently pitched Shark Tank and struck a deal with Mark Cuban. Is this a trend?
- As VC firms invest more in B2B startups, Intuition is a new VC fund focusing on consumer techon April 29, 2024 at 5:00 pm
The VC firm plans to invest anything between €100,000 and €500,000 ... Adding events on top of investment will grow Intuition’s revenue, which should help the firm when it comes to hiring a bigger ...
- A fintech VC and former college football player explains why he's eyeing the NIL startup scene and 7 opportunities he seeson April 29, 2024 at 6:05 am
Venture capitalist Drew Glover knows what it's like to be a student-athlete, which helps him size up startups in the burgeoning field of NIL.
via Google News and Bing News