Consolidating Crowdfunding for Startup Investors

Crowdfunding for startups is starting to attract more professional investment managers. LaunchAngels, a Boston-based fund for individual investors, is seeking its first $1 million pool of cash to invest in early stage and growing companies. The company is a spinoff of Big Idea Group, a Bedford, NH-based business consulting firm. It’s being headed by CEO Shereen Shermak, who previously worked at finance startups BuysideFX and Currensee. LaunchAngels’ pitch goes like this: With the loosening of federal rules about publicly soliciting investment, there’s suddenly a flood of startups seeking financing online through websites like AngelList, MicroVentures, and FundersClub. Maybe too many. LaunchAngels promises to narrow that field by keeping tabs on the companies seeking money and selecting its favorites.

This excerpt is taken from the article ‘LaunchAngels Hopes to Consolidate Crowdfunding for Startup Investors’. To read the full text of the article, please visit Xconomy.