The Sense sleep tracking device has been backed by angel investors and crowdfunding campaigns.
Wall Street Journal’s Evelyn Rusli reports that startups are tapping new sources of early-stage funding, including ad hoc networks of wealthy tech executives doing some investing on the side, and that should give some big venture capital firms pause. Twenty-three year old entrepreneur James Proud is the latest example. He has raised $10.5 million from a circle of well-connected angel investors and an additional $2.4 million in a Kickstarter campaign for his sleep-tracker device Hello.
Continue reading… “Pre-VC rounds are shaking up early-stage funding”
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