Diverse Founders Experiment with Crowd Investing - Geek Girl Rising

Diverse Founders Experiment with Crowd Investing

August 30, 2016

Female founders and other under-represented entrepreneurs are banking on a new vehicle to raise money from U.S. investors. It’s called crowd investing and it allows just about anyone to make an investment in a startup without having to meet the wealth and income requirements set by the SEC for traditional private investors.  How can it help early stage ventures started by women, people of color and of the LGBTQ community? Check out our story about one of the first crowd investing platforms, Republic and RaceYa, one of the first companies that successfully exceeded its fundraising goals via crowd investing in the fall of 2016.  RaceYa raised $88,000 from 173 investors to help build its customizable radio-controlled race cars that teach kids about science, technology, engineering and math.  Way to go!

Abigail Edgecliffe-Johnson, founder of RaceYa - a tech start-up that creates customizable toy cars that teach children about science and engineering, works to fix and organize some of the cars at her home office on Monday, February 29, 2016. CREDIT: Adrienne Grunwald for The Wall Street Journal NYVENTURE
Abigail Edgecliffe-Johnson, founder of RaceYa – a tech start-up that creates customizable toy cars that teach children about science and engineering, works to fix and organize some of the cars at her home office on Monday, February 29, 2016. CREDIT: Adrienne Grunwald for The Wall Street Journal NYVENTURE
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