We're witnessing a major social-economic shift particularly amongst millennials who want to startup their own business. CoFoundersLab is at the center of the entrepreneurial renaissance by becoming the largest true community of entrepreneurs online. We help entrepreneurs build their founding team by matching them through an online matching platform and at in-person co-founder Meetups, regularly held in more than 35 cities globally thanks to more than 60 volunteers. Over one hundred companies have launched through the system, and many have gone on to raise VC funding and are well on their way to becoming successful new businesses. CoFoundersLab has a proven revenue model, this raise will get the company to profitability by July 2013.
CoFoundersLab has 20,000 founders on the platform and bringing on 2,000 new entrepreneurs/month. In addition to the online network, an in-person co-founder matching event is operated by more than 60 volunteers, with events held quarterly in more than 35 cities throughout the US, Israel, Brazil, and Europe. Our revenue model was proven out in the summer of 2013 and this round will take us to profitability by 2014. In addition to the retail site, the platform is licensed by some of the best entrepreneurship organizations including TechStars, Harvard, Columbia University, Cornell, NYU Stern, and the Founder Institute. CoFoundersLab is available globally, and is at the center of the rapidly growing entrepreneurship services industry. CoFoundersLab was recognized by CNBC as one of the "World's 25 most promising startups."
Question: Do you match founders with investors?
Answer: CoFoundersLab focuses on helping build strong founding teams by introducing co-founders, advisers, and interns, we currently do not match founders with investors. We believe a new sizable revenue stream can be generated as crowdfunding becomes more popular, and assisting founders in raising capital. We'll likely do this through strategic partnerships.
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