Prosper for Startups? MicroVentures Forms P2P Angel Marketplace
Venture capital has spent the past year becoming more accessible, via institutional efforts like office hours and the emergence of omnipresent superangels. Another crack in the old boy network comes today, via the launch of a P2P startup equity platform called Microventures. The company is essentially an equity riff on Prosper or Kiva, in which startups are able to request between $50,000 and $250,000 from accredited investors. MicroVentures takes a fee only if the issuer raises its desired amount, and provides free services that ensure the issuer is in regulatory compliance. "What we're doing is creating a marketplace for entrepreneurs who don't have the means to go out and find venture capitalists, and for investors who might not have access to
