Meet Alphaworks, The New Crowdfunding-Inspired Investment Platform From betaworks –
Summary
A new venture called Alphaworks takes the traditional crowd-funding model, as made famous by Kickstarter and Indiegogo, and offers equity to backers instead of a product. The company is raising a $1.25 million Series A from betaworks, Founder Collective, OATV, Box Group, and potentially accredited investors on the brand new Alphaworks platform. “What excites me most is the potential for Alphaworks to be used by non-tech companies,” said See.Me founder William Etundi Jr. “The local coffee shop or book store or band can stay alive and grow because they’re owned by their community and fans, and that’s something really special.” Of course, there are obstacles. “We’ll have the same challenge that a lot of platforms and services have in the earliest stage which is tracking your most passionate and best users, because they’re the basis of a community,” said SVAngel’s David Lee. To give you some perspective, Nick Chirls (who heads up investments at betaworks) has been closing deals for a few years now, but isn’t technically an accredited investor.
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