Despite Legal Risks, FundersClub Raises Massive $6M Seed Round To Turn The Crowd Into Venture Capitalists

If you need more proof that FundersClub wants to radically change startup funding by letting non-VCs invest, it just closed a $6 million seed round, the largest ever from a YCcompany. There are still big questions about its legality, but investors include A-listers YC, First Round, and Chris Dixon. Their support shows Silicon Valley is ready to disrupt itself by inviting the crowd to the cap table.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/aUcN693Ch1Y/

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