The small investor finally gets a chance to have a say in launching a small business. As for prospective entrepreneurs, it offers them opportunities to tap funding sources other than high-cost bank finance or dip into their own resources. In short, welcome to the still rarefied world of small stakes funding and the very space that a new start-up — Eureeca — is going after.
The portal, to launch next month, will offer a platform for businesses to pitch their ideas and which can then be monetised through the support of outside investors, starting from as low as $100. The investment deals are explained in the term-sheet associated with each business pitch.
“Eureeca does not set any limits on the extent of equity or investment for a business pitch,” said Christopher Thomas, co-founder and a former investment banker. “It’s up to entrepreneurs to decide the total funding required and the equity stake they will offer to investors.
“Once on the platform, investors can interact with the business pitches, pose questions to the business proprietor and indicate which ideas he or she most likes.”
No comments:
Post a Comment