One startup declined Dream Funded capital after landing major corporate investment
Manny Fernandez · 707: Government Gives Him Power to Let Non-Accredited Investors Invest · Jul 1, 2017 · at 16:04
Manny Fernandez, founder of equity crowdfunding platform DreamFunded, explains to Nathan Latka that founders are not legally forced to accept crowdfunding money if they receive institutional capital.
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“There's a company that reached their target and received an investment from a big name company, and so they declined to use our platform.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Manny Fernandez
Dream Funded was first SF platform approved for non-accredited investors
“We're fortunate that we're the first platform in Silicon Valley in San Francisco to receive the approval to allow they call it non-accredited investors to invest.”
New angel investors should cap startup allocation at 5% of portfolio
“I think a person should, if they get involved in angel investing, should probably have a small percentage of their portfolio and start as a diversify, maybe two to five percent if they even want to have that dollar amount involved.”
Dream Funded users got TaskRabbit allocation via SF Angels syndicate
“An angel that's a member of SF Angels was a early investor in TaskRabbit. They were doing a next round, and I was invited to be a part of it. So I brought Dream Funded members to be an investor in the fund that we had set up specifically for it.”
Dream Funded permits non-accredited investors to write $100 startup checks
“Dream Funded allows a everyday American to be able to invest as low as 100 dollars into a company they decide to invest in.”