Wednesday, June 6, 2012
Crowdfunder Dangles $25K In LA Startup Competition
Crowdfunder, an online site offering up a platform to help startups raise money for their firms via crowd funding, is dangling $25,000 in a contest open to Los Angeles companies. The firm, headed by Chance Barnett, said that its new crowdsourced startup contest, called CROWDSTART LA, will award $25,000 in funding for the company judged the most popular via votes on the site. Barnett said the contest comes since the firm is not quite able to crowdfund investments for companies yet, but wants to help LA startups get the attention to meet angels and venture capitalist, along with other investors, through its platform. The startup contest--which accepts entries through June 20th--is having a panel of judges--including Peter H. Diamandis of the XPRIZE Foundation, David Lambert of Right Side Capital Management, Jason Nazar of Docstoc, Sam Teller of Launchpad LA, as well as a number of others--participating in the effort. To enter, startups hae to create a profile on the site.