Have you ever wanted to invest in companies like Zynga or Groupon before they go public? How about a venture fund run by superangels that invests in early or late stage startups? In the past, not only did you need to know someone but you also had to invest $100,000 or more to participate in these opportunities.
A new fund management company, MicroAngel Capital Partners, has launched to give investors an opportunity to participate in these types offerings for a fraction of the investment.
MicroAngel Capital Partners will pool investments of $5,000 – $10,000 from many investors and will create investment funds that are less than $1 million each to invest in these opportunities. They will use the MicroVentures funding platform, which will facilitate the transactions and allow for the smaller investments. Once registered on MicroVentures, investors will have access to view current MicroAngel funds listed on the site.
The funds are available to accredited investors. To be considered an accredited investor, you must meet one of the following three criteria: 1) net worth excluding your home of $1,000,000 2) net income of $200,000 or 3) household income of $300,000.
When you sign up at MicroVentures, be sure to put “MicroAngel VB” in the referral code and you’ll receive a $50 gift card after you make your first fund investment.