It’s never too late to accumulate wealth. If you are in your advanced years and feel overwhelmed by your small or non-existent retirement savings, you still have time to build a nest egg. To get ahead with investing, there are several steps you can take, including one seldom mentioned route – startup investments.

Investing in startup companies is a way to build wealth that was previously reserved for high net worth individuals or mutual funds. Now, several crowdsourcing platforms allow private investors to fund a startup for as little as $100. Startup investing offers potentially outsized gains for near-retirees.

A quick caveat before investing for retirement is to take stock of your debt obligations. If you have non-mortgage debt, like credit cards or personal loans, create a budget and stick to it to pay off that debt as you invest for retirement. These are long-term, potentially illiquid investments, so it’s important to understand the investment horizon. But if you have a few years to start building a portfolio, startups can be a strong option.

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The power of the crowd

Before delving into startup investing, remember that the majority of startups fail, and there is an inherent risk with this type of investment. The failure rate does not mean it is a futile investment strategy. You can use research tools to find startup companies with higher chances of success because of their managerial or first mover advantages. Discover these companies through an equity crowdfunding platform that turns your money into your own investment bank.

Accessing startup investments is easiest via crowdfunding platforms such as Weunder. This platform offers investments in startups for as little as $100, giving entrepreneurs a tool to assess the profitability and “buzz” of their business.

Here’s how to start investing in startups with Wefund:

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