Local startup Arbit raised over $825,000 through crowdfunding. But the company is only keeping $700,000, enough to hire new team members and support development of its web and mobile apps. Arbit, an app that allows users to vote on questions posed by brands and celebrities, launched a crowdfunding effort in August on the website MicroVentures. CEO Alex Bullington said the company initially sought $425,000 to help support growth. When the campaign got more interest than expected, Arbit upped the…
from https://www.bizjournals.com/baltimore/news/2017/11/08/why-this-baltimore-startup-isnt-keeping-all-of-its.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/167272537392
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