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  • 10.01.10

Exclusive: New Seed Fund Offers Startups Up To $10,000 Each

Starting Monday, startups that use the crowdsourced labor service Crowdflower will have the chance to receive investments of up to $10,000 each, courtesy of startup accelerator and seed fund 500 Startups.

Starting Monday, startups that use CrowdFlower‘s crowdsourced labor service will have the chance to receive investments of up to $10,000 each, courtesy of startup accelerator and seed fund 500 Startups. The Crowdflower Fund, a $250,000
platform

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micro-fund, will offer investments in up to 10 companies for a one percent stake. A lucky few startups may also qualify for $50,000 investments and an invitation for an upcoming accelerator program at 500 Startups’ office space in Mountain View, California.

The partnership between 500 Startups and CrowdFlower, which offers a labor-on-demand service for companies that need simple jobs completed quickly (making sure that business listings are accurate, for example), makes sense. “[500 Startups founder] Dave McClure was an investor at CrowdFlower when he was at Founder’s Fund,” says Lukas Biewald, CEO of CrowdFlower. ” We had been looking for a way to work together. We want to help more startups use our software in innovative ways, and Dave wants to fund innovative startups.”

McClure agrees. “By providing a quick and easy way to
finance startup innovation, we realized we could kickstart the business
community to build more great startups on CrowdFlower,” he said in a statement.

Want to cash in on 500 Startups’ investment opportunities? Companies can apply starting October 4 here. McClure and Biewald will jointly select the winners on a rolling basis.

Ariel Schwartz can be reached on Twitter or by email.

About the author

Ariel Schwartz is a Senior Editor at Co.Exist. She has contributed to SF Weekly, Popular Science, Inhabitat, Greenbiz, NBC Bay Area, GOOD Magazine and more.

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