“When you look at industry specific platforms, the value it brings is a more vested interest into that specific industry,” Lyle Martin, CEO of Springboard Equity, said in a news release. “For us, looking at crowd investing specific for healthcare, our outreach and the network that we build from an investor community all has an interest in healthcare and healthcare specific companies.”
The company’s platform is built in part on the expectation that for groups looking to invest capital, Springboard will provide a highly interested audience, as opposed to more generalized opportunities. Small companies often experience a barrier to entry of $1 million or $2 million in their early stages, Mr. Martin said. He expects Springboard to help address that problem for promising startups in healthcare.
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