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Blacks in Technology: Bolstr Let's Small Businesses

Bolstr is a community funding marketplace for small businesses. Data shows that 80% of donations to successful crowdfunding campaigns come from the social network of the person asking. So after meeting each other as interns at JP Morgan Chase, co-founders Charlie Tribbett and Larry Baker, both 28, saw a way to help entrepreneurs engage local…

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Bolstr is a community funding marketplace for small businesses. Data shows that 80% of donations to successful crowdfunding campaigns come from the social network of the person asking. So after meeting each other as interns at JP Morgan Chase, co-founders Charlie Tribbett and Larry Baker, both 28, saw a way to help entrepreneurs engage local investors without breaching SEC laws.

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“We wanted to do something that solved a market problem,” says Tribbett. “Mainstreet businesses are having a terrible time trying to access working capital.”

Photo Credit: Bolstr

Read More: http://www.blackenterprise.com/technology/tech-startup-of-the-week-bolstr/

BlackEnterprise.com is the premier business news and investment resource online for African American business owners and aspiring entrepreneurs

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