This allows us to start accepting investors and companies looking for funding
Austin, TX (Vocus) November 10, 2010
MicroVenture Marketplace Inc., an online peer-to-peer investment service, has obtained its Financial Industry Regulatory Authority (FINRA) independent Broker/Dealer membership, becoming the first company to utilize membership for online peer-to-peer private placement investments.
“This allows us to start accepting investors and companies looking for funding,” said Bill Clark, MicroVentures’ chief executive officer. “What’s different about our private financing concept is that we allow investors to invest small amounts in each deal, giving them more flexibility. At the same time, we’re opening up a whole new avenue of funding for entrepreneurs, startups and small businesses finding it very difficult to raise money in this harsh economic climate.”
“Our model allows sophisticated and accredited investors to review and participate in opportunities they might never have heard of, seen or had the means to participate in,” he added.
Based in Austin, TX and founded by Clark, MicroVentures helps entrepreneurs, startups, and small businesses seeking $150,000 to $1 million find sophisticated and accredited investors, who can invest as little as $250 to $5,000 per investment, through its online service.
As principal and chief executive of MicroVentures, Clark obtained Series 7 General Securities Representative, Series 24 General Securities Principal, Series 63 Uniform Securities Agent and Series 79 Limited Representative Investment Banking licenses, all of which allow the company to offer this new way of small business funding.
How does MicroVentures work? Businesses interested in the MicroVentures funding service complete an application, submit a business plan and pay a $100 fee. MicroVentures then reviews the plan, using a variety of success criteria – such as suitable risk, likelihood of profitability, and other key due diligence factors. Following the detailed review, which carries a $250 fee, suitable companies are listed on MicroVentures’ investment / offering platform.
Interested investors complete a questionnaire to determine if MicroVentures’ private offering investments are suitable for them based upon several guidelines. Once accepted, investors have the opportunity to evaluate and invest in MicroVentures’ exclusive list of private offerings at amounts typically smaller than those made by venture capitalists or angel investors. There is no obligation to invest and no fee required.
Contact: Bill Clark, MicroVentures, 512-461-3686 or bill.clark(at)microventures(dot)com
About MicroVenture Marketplace inc.
Based in Austin, TX, MicroVenture Marketplace Inc.’s capital model allows investors to fund startup opportunities not typically available outside a traditional venture capital structure. Using its online peer-to-peer investment service, MicroVentures creates additional investment opportunities for investors looking to make smaller commitments by pooling and connecting them with entrepreneurs, startups and small businesses looking to raise money.