Yesterday the secondary trading market for private companies, SecondMarket, announced it partnered with AngelList to allow qualified investors to participate in micro-venture investing, or investing small amounts in early stage startups.
According to Barry Silbert, SecondMarket CEO, accredited investors will be able to invest in early stage technology startups in fields such as:
The diverse range of startups, combined with the small dollar amount that the platforms require, will enable investors to better diversify their portfolio.
SecondMarket and AngelList will dual-list the companies, which are vetted and handpicked for the following qualities:
- Easy-to-understand business model
- Already backed by well-known investors
- Have great advisors
- Willing to be transparent with numbers
Five undisclosed startups are already on the platform and receiving investments, two of which have already filled their rounds.
SecondMarket demonstrated at FinovateStartup 2009 in San Francisco.