Getting a absolute acreage adventure off the arena is a cogent challenge. So a startup alleged GroundBreaker has launched a white-label crowdfunding band-aid that absolute acreage entrepreneurs can use to accession money for their projects.
“Our mission is to advice up-and-coming, abstracted absolute acreage entrepreneurs barrage their ventures,” architect Joey Jelinek told VentureBeat. “Unlike tech, there is no basement to advice entrepreneurs get started in absolute estate. By authoritative the purse, institutional investors behest what gets built. They are apprenticed alone by crop and adopt to armamentarium animal boxes with bargain abstracts back the margins are better. This is why you see mostly eyesores in your neighborhoods.”
Groundbreaker’s belvedere automates fundraising authoritative tasks. Absolute acreage entrepreneurs administer and abide projects for approval. Once the activity gets an OK, it gets listed on Groundbreaker, and anyone can accomplish an investment.
While the projects accept specific requirements, they are not curated. Anyone can use the technology if they canyon those antecedent barriers.
Groundbreaker’s role is to advice entrepreneurs cross the fundraising process, rather than cherry-pick the “best” deals. And clashing added crowdfunding platforms, like Kickstarter or WeFunder, it does not bill itself as a marketplace. Jelinek said entrepreneurs accept to accession money by extensive out to their absolute networks rather than soliciting strangers. Entrepreneurs are amenable for active their e-mail and amusing media campaigns and alluring absorption to the projects.
“By democratizing fundraising, added association can become absolute acreage owners either through advance or entrepreneurship,” Jelinek said. “Crowdsourcing activity account ensures that what is congenital fits the needs of its users better. Let the congenital ambiance be created by those who absolutely use it.”
Crowdfunding has erupted over the accomplished few years, and bodies are now crowdfunding aggregate from arbitrary accessories to borough bridges. Absolute acreage is additionally allotment of this trend. A aggregation alleged Groundfloor admiral a peer-to-peer belvedere declared as a “Lending Club for absolute estate”; and a aggregation called Fundrise gives community association the adeptness to advance baby amounts in bounded properties.
This Monday, the ban on accepted address aerial as allotment of the JOBS Act, which agency that clandestine companies can now about advertise that they are fundraising.
Real acreage entrepreneurs can now about accession money for their projects, and Groundbreaker can advice them do it.
Jelinek and his cofounders are able-bodied accomplished in the areas of absolute estate, securities, law, crowdfunding, and technology. The aggregation not alone offers entrepreneurs advice with the technology but additionally with the ins-and-outs of the fundraising process.
Jelinek acclimated to assignment at Morgan Stanley, area he congenital its mortgage affairs belvedere and helped accounts over $14 billion in absolute acreage projects. Stefano D’Aniello is a balance lawyer, and Alex Jelinek has managed projects at Google, DeBarta, and IBM. Jacob Hoffer has congenital enterprise-level applications for SugarCRM and Cisco.
Groundbreaker accelerating from Cornell University’s accelerator affairs and bankrupt eight projects during its beta period. It additionally accustomed a absolute acreage incubator, which Jelinek declared as “Y Combinator meets Kickstarter for absolute estate” to advice ambitious entrepreneurs accomplish their eyes a reality.
The aggregation is based in San Francisco.
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