Grow VC aspires to bring the first truly transparent, global, community-based approach to early stage funding of web and mobile startups. Grow VC will not only connect startup entrepreneurs with ‘˜funders’ (investors) to help them discover their common interests, but also provide tools for the process and new transparent ways of doing things.
The company launched its core business model, a community funding model. Under this model Grow VC will pool 75 per cent of membership fees into a community fund that gets invested back into promising member startups. Community fund investments are managed by Grow VC, but all investment decisions are made by Grow VC members who determine how to invest their portion of the fund to other startup companies that they feel have the most potential.
Grow VC is aiming to fix the inefficiencies of private seed funding for web and mobile companies with a global social network and crowdfunding. The service includes the tools needed for building a startup from the ground up, to getting funding at the seed level. It introduces startups to investors, experts and other entrepreneurs, helping them discover common interests and providing new transparent ways of achieving investment.