Greenwich, Conn. – VenCorps, a crowd-sourced venture capital
firm, announced it will fund $25,000 in the winners of 12 technology startup
competitions during the next 12 months.
Each month, VenCorps will invest in the
best technology ventures selected by VenCorps community votes.
The community is
comprised of thousands of entrepreneurs, investors, students, scientists,
domain experts and professional service providers.
In return for each $25,000
investment, VenCorps takes a 5% equity position and then helps it leverage the
group’s community to facilitate rapid growth.