$5M was raised from the crowd in about two weeks by Arlan Hamilton’s VC, Backstage Capital when the new rules kicked off in March 2021.
…now we’re seeing other VCs do the same. Why?
TLDR: It’s a much easier way for VCs to thrive. It
- reduces risk to the VC and crowd
- provides $ to recruit better VC team talent
- creates more LPs (a Limited Partner is an investor in the VC private fund)