One venture capital firm has determined that it will be transparent when it comes to crowdfunding.
Draper Esprit, a United Kingdom venture capital firm, states that:
- they now invest alongside the crowd on the same terms, which helps both the company and the individual investor;
- Draper Esprit is publicly listed (in the UK and not for United States investors) so the public can invest in crowdfunded companies indirectly and get the benefit of diversification and professional management; and
- they use a “patient capital” model to help the startups get off the ground.
Is this the beginning of the age of enlightenment?