The new paradigm of crowdfunding, detailed explanation of the angel investment platform Echo, can retail investors also serve as LP of VC?

After the VC coin micro, IDO returned to the market's embrace, and the concept of crowdfunding also took off. The community fundraising platform Echo is a representative product, including new generation public chains such as MegaETH and Fogo, all raising funds through the platform. This article will introduce how to use Echo, as well as investment opportunities using Echo, allowing users to seize early cheap chips and become angel investors.

(When Vitalik's favored world computer MegaETH meets the new generation DEX that the market maker pays attention to, GTE completes the community financing )

Complete KYC in four steps with Echo

Like centralized exchanges, Echo also requires identity verification. The first step is to choose whether you are a US user. After selecting non-US user, the second step is to verify your documents. The author chose a passport. The third step is to take a selfie for human behavior verification. Finally, address verification can be done by choosing documents such as credit card statements or government documents containing the individual's name and address.

(How does FOGO become the dark horse of the SVM track? Former Jump Trading executive strongly promotes the Firedancer, which builds traditional financial-grade performance throughout the chain)

X's GROK AI analyzes Echo like this:

Echo is a troublemaker in the early cryptocurrency investment field, specializing in challenging traditional investment models. He believes that through the Echo platform, team leaders must invest under the same conditions to share opportunities, and he also enjoys the thrill of banning users! Recently on X, echodotxyz humorously announced the ban on users from Argentina, the United States, and even people named Dave, jokingly suggesting they resign. What a humorous expert!

The community's response to echodotxyz is super enthusiastic. @perry8888_ said it's more useful than university, @0xKofi even created a dashboard for tracking investment activities, while @adrianbrink praised their fundraising speed as explosive!

Forgot to tweet on this account, now I have to fire myself - @echodotxyz

Traditional VC transforms to let the crowd serve as LP

Echo founder Cobie is an anonymous trader and analyst who personally invested in projects such as Ethena, CoW Protocol, Initia, Monad, MegaETH, Fortunafi, Plasma, Fogo, OneBalance, Shogun, SIZE, etc.

Echo, CEO of CL, is a general partner of Angel Capital, with investment positions including Blast, Blur, Celestia, zkSync, Lido, Arbitrum, Monad, etc.

Echo has multiple investment groups, and to establish an investment group, you need to apply to the Echo team. The Echonomist is an investment group officially launched by Echo, with 16,192 members. Recent investment records include Fogo, MegaETH, etc.

Native Capital is a venture capital managed by angel investor Comfy Capital, whose personal investment portfolio includes Usual, etc. The fund has nearly 10,000 members, with well-known investment positions including the stablecoin protocol Arche Protocol on Movement.

4 Ventures is managed by the well-known venture capital firm CMS Holdings, which has invested in Solana, Avalanche, Solv Protocol, Pendle, Manta, Injective, dYdX, Bluefin, etc. Currently, 4 Ventures has eleven thousand members.

Echo has an average fundraising amount of about 40 million.

According to Dune data, there were an average of 4182 active investors in the past thirty days, making 57 investments with a total amount of approximately 27.67 million US dollars. Another set of data shows that there are approximately 7667 actual investors on Echo, and v1 and v2 together raised close to 100 million US dollars. 240 projects raised 5000 US dollars. The median amount of financing for startups is close to 240,000 US dollars, while the average is 400,000 US dollars. On average, each investor invests 151 US dollars in a project, and each investor invests in an average of 4.86 projects.

This article explains the new crowdfunding paradigm, details the angel investment platform Echo, and asks if retail investors can also serve as LP for VC? It first appeared on ChainNews ABMedia.