MoolaPitch.com announces launch of crowdfunding platform for Wisconsin startups

By Alex Moe, WisBusiness.com

MoolaPitch.com is announcing the launch of a crowdfunding platform for Wisconsin startups that allows anyone to be a venture capitalist.

The platform connects entrepreneurs with anyone in the state who wants to make an investment. This model is unique, according to founder Stephen J. Dinehart III, because it makes the process of investing much easier for both parties involved.

Investors have the option of investing much smaller amounts of capital than with standard investment procedures, allowing anyone to become a venture capitalist.

“You don’t have to be one of the good old boys,” Dinehart told WisBusiness.com in an interview on Thursday. “It evens the playing field.”

In addition to making investment easier for minorities and women, MoolaPitch deregulates a process normally fraught with red tape and prohibitive costs, said Dinehart.

For the startups, if income is delayed, they don’t have to immediately start making payments back to the platform. When they are able to start making payments, that money goes into a pool paying dividends to investors. Read more …

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