CoFoundersLab, a six-employee startup that helps would-be founders find business partners, jumped at the chance to raise funds after the Securities and Exchange Commission eliminated the ban on "general solicitation" in September. The startup set up a profile on the equity crowdfunding site RockThePost.com, and it used social media to publicize its fundraising goals. Now the company, which was able to raise $155,000, has "a line of sight into break-even," said CEO Shahab Kaviani.

Related Summaries