AOL-owned CrunchBase today announced the formation of a Venture Network partnering with 11 notable venture capital firms, including Sequoia Capital, TechStars, Andreessen Horowitz, SV Angel, Foundry Group, CrunchFund, and 500 Startups to encourage investment community engagement. These 11 VC firms will provide the company with public information about portfolio start-ups, including product launches, funding updates and more.
Here is how CruncBase Venture Program being defined:
We created the CrunchBase Venture Program to ensure that the startup community continues to have an open, up-to-date, and accurate database of companies, venture fundings, and entrepreneurs. Through this initiative, venture funds, angel investors and incubators can guarantee that their public data is accurately represented inside CrunchBase.
Members of the Venture Program agree to provide CrunchBase public information which they release about their portfolio companies – including funding updates, staffing changes, product launches, and acquisitions. The data can be passed to CrunchBase in whatever form is most convenient (an RSS feed, emails, spreadsheets, documents, twitter feeds, XML, … it’s doesn’t matter) and we will update the CrunchBase profiles on your behalf. In return members of the Venture Program will be provided an easy way to contact the CrunchBase team to flag omissions, offer suggestions, and receive API support.
Building a strong relationship between investors and CrunchBase will ultimately lead to a rich, open, and accurate dataset that will help everyone in the startup community. If you are interested in being part of this program, please fill out the form at the bottom of this page and we’ll contact you. More information is available on the CrunchBase Venture Program FAQ.