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The best part of FundersClub is a clean cap table because all the small investors are grouped together. Will this be the same? If I understand their partnership with SecondMarket, my guess would be no.

Any more data on this?

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The small investors are grouped together into a fund. So the startup only sees one new entry on the cap table. The overhead is the same as adding a single large investor to the round.

More details here http://angel.co/help/invest.

Let me know if you have any more questions.

Thanks! This sounds great.

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