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undersClub democratized angel investing with its equity crowdfunding marketplace. Two years later, it wants to do the same for launching a fund or being a limited partner by licensing out its backend system for legally doing venture deals and transferring cash. Its new feature, called Partnerships, competes in some ways with AngelList’s Syndicates. Essentially it’s venture-capitalism-as-a-service. Rather than amassing an army of investors that syndicate leaders can call on to fund specific startups, FundersClub Partnerships can function more like traditional VC funds that take on LPs’ cash upfront and then pay them back a percentage of a multi-company portfolio’s profits if they succeed.
To read the original article: FundersClub’s New “Partnerships” Let You Start A Venture Capital Fund Or Invest In One | TechCrunch
