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Correct, FundersClub is a venture capital advisor (ie, a VC), and is not relying on JOBS Act exemptions or a broker-dealer registration. The TechCrunch article
by mittal 14y ago
Correct, FundersClub is a venture capital advisor (ie, a VC), and is not relying on JOBS Act exemptions or a broker-dealer registration. The TechCrunch article title is not technically accurate, though in their defense, people do seem to want to group online VC in with crowdfunding at a high level. There are important distinctions, however.
- joshconstine 14y agoI'm Josh, the author of the TechCrunch article. I've updated the post to reflect the differences between equity crowdfunding and the online venture capital model FundersClub uses. I've also noted that WeFunder takes the broker-dealer route.