The typical way to fund your startup in Europe is to spend four to six months trying to find one or two gentleman of advancing age, willing to hand you EUR50k each or more. As European angels are more interested in supporting brick and mortar or revenue producing businesses than in investing in risky internet plays this is quite the challenge. US style angel group rounds are semi-nonexistent, but when Sander Nagtegaal, co-founder at Peecho, explained to us how they had pulled of a combination between crowd and angel funding, we speedily grabbed the opportunity.