Google Invests in Lending Club
Google led a $125 million deal to buy a stake in the Lending Club from existing investors valuing Lending Club at $1.55 billion – nearly triple the valuation of the last fund-raising round that closed last summer. This is a defining moment for the crowdfund investing industry; if you are not aware, it is this new alternative asset class that is positioned to democratize the capital markets under the Jumpstart Our Business Startup Act.
Click here to read the full WSJ article: http://blogs.wsj.com/digits/
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