Once in a while, Jim Cramer likes to go off the tape to dive into privately held companies that show a lot of promise. He thinks that SeedInvest is one company that could bring in major bucks for the future, with its free online equity crowd-funding platform that gives accredited investors a chance to invest in startups.
SeedInvest allows individuals to invest right next to the venture capital firms in privately held startups. It currently has a network of 25,000 users and 7,500 accredited investors. What makes SeedInvest unique is the tough vetting process that it has for its startups, with an acceptance rate of only two percent.
There could be room to grow significantly, too, depending on a positive ruling for the JOBS act scheduled in October. This act will allow for a company like SeedInvest to stretch its network beyond accredited investors and involve regular individuals as well. After all, the investment minimum is only $2,500.