The Independent - SyndicateRoom deals only in firms previously funded by Business Angels
SyndicateRoom deals only in firms previously funded.
Britain’s crowdfunding sector continues to develop rapidly, with new launches and innovations adding to the mix almost continuously.
The latest addition to the sector is SyndicateRoom (see syndicateroom.com), which, like several other crowdfunding services, offers a pool of private investors the chance to buy equity in the growing businesses listed on the site.
The twist is that all of the businesses on the site have already received some funding from business angels. The founders believe this will reassure many would-be investors - the idea being that professional investors with experience of having backed small companies have conducted due diligence on the firms seeking cash.
The launch is an interesting innovation for a sector still in its infancy - the next big question for the industry will be regulation, with the Financial Conduct Authority signalling again last week that it has concerns that not all investors understand the risks inherent in putting money into start-up businesses.
Read the full review here: http://www.independent.co.uk/news/business/sme/small-talk-bank-finally-using-its-toolkit-to-finetune-financial-stability-8793782.html