Accredited investors of MircoVentures have invested US$16 million in start-up companies, according to announcement today of MircroVentures. The Austin, Texas and San Francisco, California- based MicroVentures is known to be the only joint equity crowdfunding program and broker-dealer in the United States with business venturing in 34 different companies. The majority of its investment are with legally recognized investors compared to other equity based crowdfunding program. Investors are able to aggregate small commitments that allows them to create expanded portfolios that is made up of crowd sourced start-ups through MicroVentures' online investment program.
"As we patiently wait for the SEC to enact rules around the JOBS Act, we are utilizing traditional securities laws to connect startups with great investors. This is only possible as a result of our being one of the only registered broker dealer in the space. This is the first time ever that accredited investors have had the ability to invest alongside VC's without taking major stakes and ending up with similarly diversified portfolios. However, we may find that the crowd does an even better job at picking winners," explains MicroVentures' Chief Executive Officer, Tim Sullivan. "We've reached a milestone that proves that our platform doesn't just 'work' - but that there is significant demand from smaller investors to take part in this asset class."
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