Interesting concept here – www.growvc.com – entrepreneurs can now raise money from the community, kiva style. And they can invest their money into other startups to diversify their risk. With some strong on-ground facilitation (and an incentive model for the same) this can work…
Thoughts?
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@Viswanath: There are some regulations in the crowd funding platform but SEBI compliance is not required. Anyone have any idea how GrowVC is doing in India?