VCs competing with Crowdfunders
VC firm, Draper Esprit recently listed on the London Stock Exchange, raising over $140 million and thereby allowing retail investors to invest in tech startups. Shares were issued at 300 pence and reached 312 pence in early on.
The idea, says Draper Esprit, is to allow retail investors into tech startups. Crowdfunders have been gaining ground and allow retail investors to get in at the early stage for fast-growing startups. However, later stage rounds have been shut for these investors, and Draper Esprit wants to change this.