Review on FundersClub by Olugbenga Ajayi
Funders club is a venture capital where investors meet good and promising investments
FundersClub is a venture capital and seed investment company established in 2012 with the aim of bringing startups with great dreams and prospects in techs together, invest in these founders and equip them to develop others. As a result funders club since 2012 when it started operation has successfully funded above 330 startups. These startups are from different part of the globe and are binded together as a single community through the funders club online Vc platform.
These startups could come from any technical field as long as there is evidence of good prospect and the venture is marketable. Also the founding team must be passionate about achieving their goals, in that case it will not be difficult for funders club to provide necessary investment as there are always investors who are ready to increase their investment portfolio who already joined the community. More so, the company is backed by other more powerful venture capital and financial institution who are always more than ready to provide funding while the company provides technical support and mentorship all necessary areas.
However every intending startup must be accredited which means they must meet up with some financial criteria which may not be attainable by some.
Pros
- It provides an easy way for founders to solve operational challenges as they relate with other founders in the club who once faced similar challenge's
- Members can earn certain profit by inviting other startups
- It is also an avenue for people with capital portfolio to invest in profitable start-ups
- It is backed by other strong venture capital companies
- The company is transparent as it provides names of startups it has successfully developed online
Cons
- Intending members must be accredited
