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Redeye VC: Welcome FundersClub
- adebelov 14y agoGreat post Josh. Keep killing it Alex, Boris and FundersClub team :)
- alexro 14y agoIs this the new era for start-ups with investments becoming a real commodity? Interesting times indeed.
- dave1619 14y agoWill investors be able to meet the startup founders at all? Or is this kind of like blind investing where you just look published stats and such?
- shenberg 14y agoUnlikely that you'll meet the founders - It's not worth it for a founder to meet someone for a $1k investment (the minimum allowed). Seems more like an easy way for you to spread your risk over several start-ups with smaller investments in each, as opposed to putting a larger sum + time and effort in a single company.
- dave1619 14y agoIt would be great if startup founders offered potential FoundersFund investors the opportunity to Skype with them. Or to save time for founders, they could offer a Google hangout at a specific time for potential investors to drop by and ask some questions. Kind of like an office hours for potential investors. Some 2.5k investors might up their investment to 5k, and some 10k investors might up their investment to 25k. I think that would be worth the time.
- cwilson 14y agoI actually offered to do exactly this (I'm a Sponsorfied founder), and suggested doing it much like YC office hours (small 10 - 15 minute slots) but via Skype or Google Hangouts. Throughout the day I could easily do a few of these, and I'm always interested in new feedback and practice pitching.
- codenerdz 14y agoIll just have to work my way to $200k minimum salary necessary to be able to invest :)
- johnrob 14y agoYou actually don't. One huge aspect of this is that they remove that requirement via proxying.
- aaronblohowiak 14y agoFTA: (You still need to be an accredited investor, though).
- johnrob 14y agoRemoving accredation requirements via a holding company - after a decade of bar talk in the valley, glad to see someone finally acted on this one.
- dave1619 14y agoActually I believe you still need to be an accredited investor to participate. It seems like the benefit is 1) you can easily invest smaller amounts than typically required of seed investments, 2) you save time by choosing from the companies FundersClub curates, and maybe 3) they handle paperwork(?).
- biznickman 14y agoSo the fact that they spammed my Facebook wall after joining is unacceptable. You want people to trust you to write multi-thousand dollar checks and then make random Facebook posts on their behalf without disclosing it to them. This seems like the absolute worst way to build a brand around something that requires SUBSTANTIAL trust.