Although some of us are big Garth Brooks fans, we admit that sometimes it helps to have friends in high places (a gold star to you if you get the reference). Last Wednesday, our adviser, Brian Tsuchiya, flew out to New York to meet with the founders of 12 other top debt and equity-based crowdfunding [...]
View PostPresident Obama is slated to sign the Jumpstart Our Business Startups (JOBS) Act on Thursday, and the final, authoritative text of the bill has finally been made available to the public – you can take a look at http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf. Note that Title III is the crowdfunding part. There have been a number of brief summaries [...]
View Post 504, 505, 506, crowdfunding, exemption, FINRA, funding portal, general solicitation, investment crowdfunding, IPO, JOBS Act, reg d, SECBy now you’ve likely already heard that the Senate finally passed a bill today that would legalize investment crowdfunding. This has been adequately summed up all over the web, but there’s a lot of confusion about what the final bill actually says, with all the amendments, amendments to amendments, and so on. We want to [...]
View PostIndustry Journey What a journey we have taken as an up-and-coming industry. Fueled by the concepts described by Alberto Falossi in his “Kapipalist Manifesto” and by Kevin Lawton and Dan Marom in ”The Crowdfunding Revolution“, action by entrepreneurs at the grassroots level has propelled us ever-forward. Back in 2000, ArtistShare launched the first fan-funded site. Around this [...]
View PostLast night, we posted about the new CROWDFUND Act that was introduced in the Senate yesterday. We’ve managed to get our hands on a copy of the bill, and we thought we’d share, for those who are watching this development as excitedly as we are. Sorry the below is so lengthy, but we thought you’d [...]
View Post bennett, brown, crowd funding, crowd investing, CROWDFUND Act, crowdfund investing, crowdfunding, investment crowdfunding, merkleyA third Senatorial investment crowdfunding bill, called the CROWDFUND Act, was introduced today. The proposal is co-sponsored by a group of Senators from both parties: Senators Jeff Merkley (OR), Michael Bennet (CO), Scott Brown (MA), and Mary Landrieu (LA). According to Senator Merkley’s press release, The CROWDFUND Act allows companies to raise $1 million through [...]
View Post bennett, crowd funding, crowdfund, CROWDFUND Act, crowdfunding, double fine, Double Fine Adventure, investment crowdfunding, landrieu, merkley, Michael Bennett, schumer, Scott BrownYesterday was another day of positive progress towards investment crowdfunding becoming a reality. Following Tuesday’s Senate hearing on crowdfunding, President Obama and the House of Representatives sent strong signs of support for crowdfunding. Early yesterday morning, the White House issued a statement in support of H. R. 3606, the Jumpstart Our Business Startups, or JOBS Act. [...]
View Post crowd funding, crowdfunding, House, House of Representatives, investment crowdfunding, JOBS Act, Obama, President ObamaThis morning, the Senate Banking Committee held a hearing titled “Spurring Job Growth Through Capital Formation While Protecting Investors, Part II”. It was clear throughout the hearing the goal is a balance between freeing up capital for small businesses and protecting investors. In his prepared statement, Chairman Tim Johnson, who was not present, said the [...]
View Post Banking Committee, Biotechnology Industry Organization, Cambridge Innovation Center, Charles Schumer, crowd funding, crowd investing, crowdfunding, Funding Launchpad, investment crowdfung, IPO, Jay R. Ritter, Kathleen Shelton Smith, LitiNomics, Lynn E. Turner, Michael Bennett, OncoMed, Reed, S. 1790, S. 1971, Senate, Tim Rowe, Timothy Rowe, William Waddill