Company name
Launched
Characteristics |
Fees | Investor screening | Registered broker/ dealer | Must plan be posted online? |
Number of investors/ entrepreneurs | Amounts invested | SEC no-action letter |
 |
Elevator.com
Feb. '99
Primarily for start-ups that seek less than $1 million; emphasizes feedback
|
Free for entrepreneurs; $500/yr for individual investors;
$700/yr for institutional investors |
Accredited and sophisticated individuals and institutions
|
No
|
Yes
|
3/15
|
N/A
|
Requested
|
Garage.com
Oct. '98
Focuses on high-tech and medical science start-ups; screens entrepreneurs selectively
|
Placement fee for entrepreneurs (5% on average); fees waived for investors until Q2, then about $2,000/yr for individuals; about $10,000/yr for institutions
|
Accredited and sophisticated individuals and institutions; venture capital firms
|
Yes
|
Yes
|
about 750/14
|
$1.5 million (avg.)
|
No
|
Amis Ventures
June '98
Serves early-stage businesses seeking between $50,000-$2 million. Money-back guarantee if dissatisfied with service
|
$500/yr for entrepreneurs; $500/yr for individual investors; $1,000/yr for institutions
|
Accredited and sophisticated individuals
|
No, but license approval expected w/in 3 months
|
No
|
50/50
|
$180,000 (avg.)
|
No
|
ACE-Net
April '97
Highly regulated site run by the SBA; registration process similar to filing stock prospectus
|
Maximum $450/yr for entrepreneurs (fee waivers possible); $450/yr for investors; free for SBICs
|
Accredited individuals and institutions
|
No
|
Yes
|
659/105
|
$50,000- $150,000
|
Yes
|
Venture Capital Online (VCOL)
Dec. '98
Serves VC firms; features proprietary templates for creating a business plan summary and a pre-registration screening match
|
$99 for entrepreneurs through 4/99; free for investors until approx. 4/99, then $3,000/yr (estimated)
|
Venture capital firms or groups of accredited and sophisticated individuals
|
No
|
Yes
|
40/90
|
$150,000- $20 million
|
No
|
|
SOURCE: BusinessWeek Online |
