AngelList New Feature: Invest Online

#1

Post by kumph » Wed, Dec 19, 2012, 7:32 PM UTC

AngelList New Feature: Invest Online
angel.co

Re: AngelList New Feature: Invest Online

#2

Post by ed209 » Wed, Dec 19, 2012, 8:08 PM UTC

There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors?

Edit: found more info here http://techcrunch.com/2012/12/19/angellist-now-gives-smaller...

Re: AngelList New Feature: Invest Online

#3

Post by benmathes » Wed, Dec 19, 2012, 8:15 PM UTC

ed209 wrote: post #2

There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors? Edit: found more info here http://techcrunch.com/2012/12/19/angellist-now-gives-smaller...

It's only open to accredited investors. This is for legal reasons, I think.

You can read more here: https://angel.co/help/invest

Re: AngelList New Feature: Invest Online

#4

Post by argumentum » Wed, Dec 19, 2012, 8:19 PM UTC

Seems like a desperate, almost pathetic, attempt to copy fundersclub down to the exact numbers.

Re: AngelList New Feature: Invest Online

#5

Post by sami36 » Wed, Dec 19, 2012, 8:39 PM UTC

argumentum wrote: post #4

Seems like a desperate, almost pathetic, attempt to copy fundersclub down to the exact numbers.

And since when is competition a bad thing ?

Re: AngelList New Feature: Invest Online

#6

Post by argumentum » Wed, Dec 19, 2012, 8:45 PM UTC

sami36 wrote: post #5

argumentum wrote: post #4

Seems like a desperate, almost pathetic, attempt to copy fundersclub down to the exact numbers.

And since when is competition a bad thing ?

Competition is a good thing, obvious copying is lame.

Re: AngelList New Feature: Invest Online

#7

Post by talsraviv » Wed, Dec 19, 2012, 9:06 PM UTC

Makes you appreciate the power of startups to drive innovation - without FundersClub launching half a year ago it's unlikely Angellist would have seen this as anything but a crazy idea full of legal thorns, with no pressure to innovate past their success.

Either way, fantastic to see innovators benefit all around from more access to more capital.

Re: AngelList New Feature: Invest Online

#8

Post by devguy10 » Wed, Dec 19, 2012, 9:21 PM UTC

argumentum wrote: post #6

sami36 wrote: post #5

Earlier quoted context omitted.

And since when is competition a bad thing ?

Competition is a good thing, obvious copying is lame.

No, it's not. It's a source of real revenue which most startups(including mine and yours) can only dream of.

Re: AngelList New Feature: Invest Online

#9

Post by tptacek » Wed, Dec 19, 2012, 9:53 PM UTC

ed209 wrote: post #2

There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors? Edit: found more info here http://techcrunch.com/2012/12/19/angellist-now-gives-smaller...

It's open only to accredited investors, because it is legally risky to accept investments from non-accredited strangers. It's commonly accepted practice to raise friends-and-family money from your existing network, but if one of those investors can claim their contact with you came from a solicitation to invest and not from some preexisting relationship, they can present legal risks down the line.

It's my vague understanding that the real issue here is "weird" non-accredited investors make the legal part of raising a VC round much harder.

Re: AngelList New Feature: Invest Online

#10

Post by acgourley » Wed, Dec 19, 2012, 9:57 PM UTC

talsraviv wrote: post #7

Makes you appreciate the power of startups to drive innovation - without FundersClub launching half a year ago it's unlikely Angellist would have seen this as anything but a crazy idea full of legal thorns, with no pressure to innovate past their success. Either way, fantastic to see innovators benefit all around from more access to more capital.

Naval and the angel list team were some of the people leading the fight to get the JOBS act passed in washington.