Discover a Co-Founder, Fund Your Startup – All at Onevest

The startup world will perk as much as hear that  RockthePost  and CoFoundersLab   recently merged to form  Onevest . Together the 2 companies will provide a single source for startup founders not to only find investors but additionally find the ideal co-founders all online.

A Little bit of History

First, there have been two separate companies. Alejandro Cremades and Tanya Prive noticed a scarcity of structure in how startups secured early stage financing. In case you live in Silicon Valley then sure, you technically had more access to investors than someone in say, Little Rock, Arkansas. But that made the playing field uneven. That doesn’t even think about how much competition there’s to get a single investor’s money.

So in 2011, after watching a number of friends’ business ventures shut down on account of loss of funding, Cremades and Prive launched RockthePost. If you’re conversant in crowdfunding, you get the concept. Startups could hook up with investors online, instead of having to fulfill with them in person.

At the identical time, Shahab Kaviani was devising a platform to assist startup founders build out their teams. Since a 3rd of startups fail as a result of issues with the founding team, he desired to develop a systematic approach that might match people in accordance with different interests and qualities –  and CoFoundersLab was born.

From there, it was only natural that the 2 should find each other. Last week, both companies announced their merger to form OneVest .

Not Your Son’s Kickstarter

In staring at OneVest, you immediately see parallels with crowdfunding sites like Kickstarter . But there are some key differences. Firstly, the businesses seeking funding tend to be seeking more investment than what Kaviani calls “rewards-based crowdfunding” (anyone who invests and gets a reward, consisting of a t-shirt). In a contemporary email interview, Kaviani told Small Business Trends:

“Equity crowdfunding is a regulated industry, where your investment earns you equity into the corporate, and the upside that a liquidity event presents…If someone desires to be an investor, it’s as much as the founder to determine who to just accept investments from. Where we assist, is once an investor expresses interest, we be certain that the investor is an Accredited Investor, as defined by the SEC.”

So just how does the SEC define an Accredited Investor ? Glad you asked. An Accredited Investor must meet at least any such requirements:

  1. A person with an income exceeding $200,000 or joint income with a spouse of $300,000 over the last two years.
  2. A person with a net worth exceeding $1,000,000 individually, excluding the main residence.
  3. A one that is a general partner, executive officer, director, or related combination for the issuer of a safety being offered.
  4. An institution with over $5,000,000 in assets.

All investors should submit to a background check and review process before they’re approved for official investment in an individual company. Even then, the startup founders get to make a decision who they accept funding from through OneVest.

Cremades says:

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