Bolstr is a community funding marketplace for small businesses. Data shows that 80% of donations to successful crowdfunding campaigns come from the social network of the person asking. So after meeting each other as interns at JP Morgan Chase, co-founders Charlie Tribbett and Larry Baker, both 28, saw a way to help entrepreneurs engage local investors without breaching SEC laws.
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“We wanted to do something that solved a market problem,” says Tribbett. “Mainstreet businesses are having a terrible time trying to access working capital.”
Photo Credit: Bolstr
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