Republic spun out of AngelList in 2016 to open private startup investing to non-accredited investors through equity crowdfunding, building a vertically integrated investment stack that spans retail crowdfunding, institutional venture capital, crypto, and real estate. The firm uses its crowdfunding platform as both a distribution channel and data engine, tracking hundreds of thousands of retail investors to identify which companies should move into later-stage institutional vehicles while treating the crowd as a discovery and validation layer for venture investing.