me-vc

Investors browse through startups throughout the world and make equity investments of as little as $50. Start-ups get the funding they need based on merit rather than connections.

How it works A start-up registers and a legal structure is created that gives the company the option to buy shares at an amount and price to be agreed later.

How it works The start-up is then featured on the site where potential investors can view it and evaluate it. It’s reviewed by users, critics and editors

How it works Investors can bid on shares. If the bid is accepted, the startup receives the bid amount and the investor receives a claim to the bid amount of shares.

micro-financing for start-ups

Business Model Start-ups and investors register for free. The company takes a 3% transaction fee on all transactions that take place.

Underlying Magic Technology ensures that vetting is done by both the entire user base and critics as well. Bidding process for start-ups means they only accept what they want and investors get the best possible deal.

The Team David Broderick  former Director of Accurity Prague  20 years technology consultant  handling all technology aspects (position open)  legal counselor

Status and Timeline  Feb 28, 2009 : Recruit legal position  March 7, 2009 : Alpha version  March 21, 2009 : Beta-launch of site

Investment and Use of Funding
 Burn rate: $4,500 / month
Runway: about 180 days
Seeking $15,000 for 7% equity stake
use: finish product, legal counsel

Conclusion Startup funding is currently hand-made for reasons of vetting and size of deals. By lowering the size of the deals and letting everyone in on the vetting process, me-vc expects to revolutionize start-up financing.

me-vc

by David927 on Feb 10, 2009

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