WeFunder (YC W13) launches to bring crowdfunding startups to the masses

by Y Combinator3/21/2013

Crowdfunding is catching on in a big way in the consumer space, as platforms like Kickstarter and Indiegogo have provided new ways for people to back promising projects. But in the startup world, funding is still largely done the same way it has been for decades. A company called WeFunder is aiming to change that, by providing a platform that could make investing even small sums of money into a startup a reality.

The ultimate goal is to enable anyone to invest in startups that they find promising. To that end, founders Mike Norman, Nick Tomarrello, and Greg Belote lobbied hard last year to get the JOBS Act passed. That act should help overturn a few rules which, to date, have held back greater adoption of crowdfunding for startups. And with a new SEC Chairwoman in place, the whole thing could finally move forward.

Read the full article on Techcrunch

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  • Y Combinator

    Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200). The startups move to Silicon