500 Startups taps SeedInvest to publicly fundraise for $100 million Fund III


500 Startups has partnered with equity crowdfunding platform SeedInvest to publicly raise funds for its $100 million third fund. SeedInvest will provide third-party verification for 500 Startups in order to ensure the fund adheres to Title II of the JOBS Act, which now allows for general solicitation, but only to accredited investors. Opening up to the public doesn’t mean that anyone can just pile on, though, as 500 Startups Founding Partner Dave McClure said in an interview that most investors will still be in the six-figure range and up. 500 Startups began raising money for Fund III last year. A...

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