2,960 crowdsourcing and crowdfunding sites
There is nothing easy about selling private securities. But, long before the hard road of selling is taken, the CEO must erect the entire marketing and regulatory framework. The marketing and sales of the securities must fit into the legal and regulatory framework. If that framework in built, then Verdonik suggests that the CEO can begin internet selling activities.
The industry statistics on raising capital in the venture capital model are that a VC firm reviews hundreds of business ideas and plans every year. Out of every 100 business plans that the firm reviews, they reject 90 plans, and further review 10 plans.
The SEC has approved FINRA Funding Portal Rules, and FINRA has issued on January 29, 2016 Regulatory Notice 16-06. This regulatory notice outlines the process one needs to undertake to become a Title III Funding Portal member. If you wish to participate in a Title III business, now is the time to file your Funding Portal New Member Application with FINRA.
Acquire Real Estate, a leading real estate crowdfunding platform, recently sold out its crowdfunding investment in 57 Littlefield Street, a $16.5 million industrial property located in Avon, Massachusetts. The crowdfunding project attracted a dozen investors from across the U.S. that contributed between $3,000 and $100,000 in investments.
SAN FRANCISCO, CA – Kronenberger Rosenfeld, LLP, a San Francisco-based law firm, filed a class action lawsuit alleging that Coin, Inc. (“Coin”) received millions of dollars from consumers through a crowdfunding campaign for a product the company knew could never work as advertised. The lawsuit demands a trial by jury and seeks monetary damages against Coin for false advertising, misrepresentation and breach of contract.
Investing in real estate is a strategic way to inject some diversity into your portfolio while creating a long-term source of income. Historically, taking part in a private real estate deal meant having the right connections but real estate crowdfunding has opened up a new path for investors. To help investors better understand how it works, RealtyShares has created a comprehensive guide which breaks down the finer points of real estate crowdfunding.
On the evening of January 20, 2016 Belgium-based MyMicroInvest achieved the €1m goal within just 17 minutes of the Live Crowdfunding event. Further by the end of the 60 minutes session the campaign surpassed their €1Million-in-1 Hour goal and achieved €1.6m in total funding.
Part of the overall problem in Georgia is that state administrators applied the wrong mental image of the venture capital model to the rules on crowdfunding. The venture capital business model is the wrong model for crowdfunding.
Over the past few years the crowfunding landscape has changed significantly. We have gone from a handful of platforms to thousands, many of them niche. As this article is being written there are almost three thousand verified sites listed on crowdsourcing.org alone. This has resulted in a new problem for funding campaign owners - should they change solutions when a ‘better’ option is presented?
In 2012, Georgia was one of the first states to implement, via administrative rule-making, intrastate crowdfunding rules. Along with the new administrative rules, the General Assembly of Georgia adopted laws related to the crowdfunding rules and implemented tax incentives designed to encourage investments in Georgia technology companies by Georgia citizens.
IT Outsourcing is a multi-billion dollar industry and a huge part of this business is outsourcing done by mid-size to large enterprise companies. Some of the reasons companies outsource their IT projects are to find the right experts and allow them to focus on the core business.
The video game sector is often viewed as one of the most innovative and forward-thinking industries in which to work, and with good reason. The sector seems to attract people with a certain kind of mindset and outlook. People who like being at the forefront of new trends and movements, and particularly those with a technological element.
Islamic Crowdfunding has the potential to change our world for the better. When an online community unites and pools resources, this community has the financial and social clout and capability to create and re-create multiple aspects of the world and directly impact society.
As great as many software programs can be, there are always going to be issues that people might have with regards to how to use programs. This is regardless of how many updates are posted into a program over time. Fortunately, crowdsourcing can help with getting programs like knowledge base software analyzed with care to make it easier for information to be gathered.
The SEC connected its new rules on Title III Crowdfunding to proposed new rules on Rule 147 at the meeting of the SEC in October 2015. In its press release announcing the meeting, the SEC alerted the public that the Commission, “would propose new rules to help clarify how intrastate crowdfunding laws interact with federal law and potentially provide some safe harbors for those seeking to use intrastate crowdfunding.”
Some recent Securities and Exchange Commission (SEC) actions should be carefully reviewed by issuers, funding platforms and portals. This is because they provide stark warning to those who sell securities over the internet but who do not comply with the federal securities laws.
North Carolina was the only state that refused to ratify the U. S. constitution of 1787, because it did not contain a Bill of Rights. Little Rhody did not ratify either, but their reluctance was based upon an internal political squabble, not on constitutional principles.
The North Carolina NASAA template on crowdfunding was enacted by 16 other states in advance of the adoption by the SEC of Title III crowdfunding rules, in October of 2015. In other words, without knowing what the Federal government was going to do about Federal crowdfunding, the other states enacted the North Carolina legislation that has now been made obsolete by the subsequent Federal actions on implementing Title III non-accredited investor crowdfunding.
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary global trade association whose membership consists of 50 U.S. states, all Canadian provinces, Mexico, and the territorial securities administrators in Puerto Rico, the U.S. Virgin Islands, and the District of Columbia.