Company description
Fundable.com is a crowd funding platform exclusively focused on startup companies. The platform allows startups to raise both equity and rewards based funding.
Team
Wil Schroter, Founder + CEO - Wil is a serial Internet entrepreneur having started ten Internet companies in the last 20 years. His first company, Blue Diesel, merged to become inChord and grew to over $650 million in billings before being sold to Ventiv Health. He then created Virtucon Ventures, an early stage incubator which has launched Swapalease.com, Go BIG Network, Bizplan.com, GotCast.com, Affordit.com, Unsubscribe.com and Fundable.com.
Wil's companies have been backed by over a dozen well known venture capital firms including Bessemer Venture Partners, Founders Fund, First Round Capital, Charles River Ventures, Draper Fisher Jurvetson, and Ron Conway with a number of successful exits.
Business model
Fundable helps startups raise capital through crowdfunding. Startups are charged a 5% fee only when a fundraise is successful.