This tech startup raises funding without ever planning to exit (but investors are guaranteed 5X when they exit)

Sharetribe, the Finnish software provider, just launched an unusual equity crowdfunding campaign and smashed their minimum target of €500k within the first 48 hours. Although the firm positions itself for the long haul, “Investors will still get their exit, though: we commit to buying back their shares for a price five times greater than the purchase price.”

Sourced through Scoop.it from: www.globalbankingandfinance.com

New business models pop up all the time time, then disappear without a wimper. Here’s one that has staying power, EGS thinks. Exits as a tactic? Yep.