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"One of the more successful crowdfunding websites, SyndicateRoom, told the Independent on Sunday it is surprised at how much individual clients are investing. The minimum investment allowed through the site is £500 but the average to date is £5,000.

Goncalo de Vasconcelos, the founder of Syndicateroom, said crowdfunding wasn't just appealing to "penny stock dabblers but to more sophisticated investors who are keen to include equity in a start up business as part of a balanced portfolio"."

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