BY SARA HANKS , CrowdFundBeat Sr.contributing Guest Editor CEO/Founder,Crowd check.Inc. So, one year ago today, Regulation CF went into effect. Small companies can make offerings up to $1 million (recently increased to $1.07 million) and roughly 325 companies have made Reg CF offerings so far. Roughly 80 companies have filed Form C-U to notify the SEC of the conclusion of their offering (they can also use Form C-U to report progress of the deal, so the raw numbers need refining). Another 50 or so companies have taken advantage of the fact that the SEC tells us that multiple closings are permitted once a company reaches its target offering amount, and so have received funds but have ongoing offerings. We’re talking about modest success so far. Companies are finding it takes a while to raise the funds they are seeking and many offerings are still in progress, so overall success rates are going to go up in time. And several companies have had million-dollar raises. The less-encouraging story in in the area of compliance. By our calculation, by May 1 perhaps 100 companies should have filed annual reports under Form C-AR (all the companies which had filed C-Us by that date and […]
Watch: Jonathan Frutkin, Sara Hanks, Mark Roderick, Brian Korn @ Crowdfunding USA More Videos:
By Mark Robertson CrowdFundBeat Sr. Contributing Editor. President at CrowdDD, LLC, This is an open letter to all real estate sponsors. Investors want better reporting. Concise, short, informative, and easy to read reports. Unfortunately, most sponsors do poor job of communicating results with investors. I have over 50 equity crowdfunding investments and the quality of the quarterly reports varies wildly. The poster child for good reporting is Praxis Capital lead by Brian Burke. They have a one page report with graphs, relevant statistics, and a short write up of the past quarter’s results and commentary. They key features of their report are they inform the investor of the only 3 things investors truly care about. How much is MY distribution? What is the cash on cash return? What is it as a percentage of my investment? How does it compare to your projections for this quarter? The properties performance. Most importantly is the NOI. What is this quarters NOI compared to the projections made by the sponsor at the time of my investment? What is occupancy compared to both last year’s quarter and compared to projections? If actual distributions are below projections or if NOI is below projections, we want to know why. What we […]
Crowdfund Beat News Wire, Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) is primarily engaged in the re-entry and re-working of existing oil & gas properties. Shares of the energy company are surging 50% on Monday, May 1, 2017. Over the past month, Paradise Ridge Hydrocarbons, Inc. saw average daily volume of 95,129 shares. However, volume of 205,639 shares or dollar volume of $129,552, has already exchanged hands on Monday. Shares of Paradise Ridge Hydrocarbons, Inc. are jumping today, after the company announced it has diversified its business operations through the acquisition of StackCap.com, an equity crowdfunding platform. Furthermore, the company says it will utilize STACKCAP, Inc. to conduct further debt and equity financing services and platforms. Ultimately, the acquisition is scheduled to close on May 31, 2017. Here is the full press release detailing of the acquisition: Paradise Ridge Hydrocarbons, Inc. Press Release: AUSTIN, Texas, May 1, 2017 /PRNewswire/ –Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced that it has signed a definitive agreement to acquire equity crowdfunding platform stackcap.com owned by STACKCAP, INC. Equity crowdfunding fuels innovation and growth by providing access to capital that can take businesses from ideas to viable products and real jobs. PRGE will […]
By Anum Yoon Crowdfund Beat Guest Editor, The idea of crowdfunding has gained popularity in the past few years. Individuals contributed approximately $880 million in 2010, when the concept was still new and innovative. Today, the practice of crowdfunding generates tens of billions for startup enterprises, budding entrepreneurs and motivated professionals on an annual basis. But the concept behind this relatively new phenomenon isn’t limited to financial investments. Some of the more tech-savvy and energy-conscious leaders of today are now exploring the value of crowdfunding to meet our nation’s growing energy needs. The results are showing tremendous potential to revolutionize the way we look at our utility bills from this point forward. Embracing the Shared Economy Crowdfunding is paving the way for what many experts refer to as a “sharing economy.” Expected to be worth over $300 billion by 2025, the sharing economy provides new opportunities around the world. When applied to energy production and consumption, this amounts to newly built, sustainable energy sources and the establishment of new facilities in remote regions of the world. The Africa Regional Climate Change Programme, a part of the United Nations Environment Programme, or UNEP, points out that more than 60% of Africans […]
Crowdfund Beat News Wire, NextGen Announces Finalists for Crowdfunding Video Awards Season Finale, Recognizing the Year’s Most Creative Campaign Videos NextGen Crowdfunding® – the leading company that helps people explore new types of crowdfunding – announces the finalists for the season finale of the Crowdfunding Video Awards (CVAs). The CVAs is a new online series from NextGen showcasing videos from both rewards-based and investment crowdfunding campaigns featured on Indiegogo, Kickstarter and other leading rewards-based and investment crowdfunding platforms. This innovative show provides entrepreneurs with new ways to promote their companies to supporters and investors. The first season of the CVAs included six preliminary awards shows and will culminate in a final seasonal awards showon Wednesday highlighting the first-place winners from all six rounds of voting. These six campaigns will go head to head to be recognized as one of the top three campaigns from this season and win: First place: $10,000 Second place: $5,000 Third place: $2,500 The finalists include: Limitless Phone Case by Mous (Round One): Will protect your phone from breaking Noria by Noria Home (Round Two): First window air conditioner designed with you in mind FireFlies Audio (Round Three): Truly wireless earbuds Farm from a Box (Round Four): Complete […]
Crowdfund Beat Media Presents: 4th Annual Crowdfunding USA on May 4-5 2017 @ National Press Club Washington, DC. The Important gathering will discuss what’s new on State of Investing and Risk Mitigation through evolving Internet finance space under the label “2017 the Year of 2.0 Equity & SME Finance-Online Lending or Investing- Crowdfunding “Jobs Act” under new congress & President Trump administration” See Conference website & Full Agenda Speakers Early Bird Registration 20% Off Code “CFB17” – click here For Promotional Opportunities, Group Discount, Sponsorship, and how to become a panelist call 1-888-580-6610 or email to email@example.com CF USA AGENDA’s SNAPSHOT SEC – JOBS ACT – Early Investing Family Offices – IRA Trust Rules and Regulations Consideration Rule 506(c) – Title II Tittle III REG D REG CF Definition of accredited investor? Liquidity for the private securities space Redefining Securities Distribution through Crowdfunding Real Estate Crowdfunding Why Hot Real Estate CrowdFunding Is The Next New Frontier? Impact of crowdfunding on real estate finance and deal-making Is Real Estate Crowdfunding Offers An Attractive Alternative For Secure Investments? The Impact of Technology and Internet on Real Estate Crowdfunding Trump to Lift Community Bank Regulations (and what that means for house flippers) Shadow Banking Dodd-Frank: A Republican Congress will likely be looking […]
ATLANTA, GEORGIA GROUNDFLOOR, the first and only U. S. real estate lending platform open to non-accredited investors and IRA Services Trust Company, the leading innovator of hi-tech Self-Directed Individual Retirement Account (SDIRA) solutions, today announced an initiative to maximize the benefits of tax-deferred investing for retail investors. As a result of the collaborative effort, GROUNDFLOOR will immediately begin inviting investors on their platform to fund their accounts directly through their 401(k)s and IRAs. GROUNDFLOOR offers real estate investments with different grades that have a range of risk/reward profiles, offering returns ranging from 5% to over 20% so investors can build a diversified portfolio. In 2016 GROUNDFLOOR delivered loans with an average annualized return of 14.16%.* Compared to 2015, in 2016 loan origination volume in dollars grew by 621%, and the dollar value of principal repaid grew by 588%. Only one of the 108 loans repaid to date has returned less than 100% of the principal due back to GROUNDFLOOR’S investors. At a time when private markets continue to deliver superior returns compared to public markets, most Americans currently saving for retirement can no longer rely solely on traditional stocks, bonds, and mutual funds for growth and yield. At the […]
BY Brock Murray Chief Executive Officer katipult.com, CROWDFUNDING BEAT GUEST POST. Private capital markets are plagued with compliance requirements and operational inefficiencies, and software can eliminate many of the pain points from deal administration to investor reporting. For this reason traditional finance firms are looking at investment crowdfunding, peer to peer lending, and investor management solutions to stay relevant within this industry among the upstart Fintech (FInancial Technology) players. In order to be successful, it’s pertinent to avoid the following pitfalls that often leave teams frustrated, sidetracked, and wondering what went wrong: Insufficient Preparation. Many firms, uneducated and uninformed, don’t prepare appropriately and assume everything will work just like it did for the industry leaders. Critically thinking through the platform requirements, validating/invalidating assumptions, and having a detailed and prioritized roadmap will create efficiencies in the long run, despite initial delays. Underestimating Resources. Moving operations online isn’t easy. Your technology is crucial for success. While there are compliant software products available that have the core functionality your firm needs, there will likely be configuration requirements or modifications. Launching the platform is 50% of the battle, having it successfully implemented and adopted by your stakeholders is the other 50%. Unrealistic Expectations. Approach […]
See the Press Release NASAA President Mike Rothman (L) and SEC Acting Chairman Michael Piwowar sign MOU.
By Anum Yoon, Crowdfund Beat Media Guest Editor, Throughout the past few years, crowdfunding has become a source of fundraising for charities, life-saving surgeries, new products, individual travel goals, research projects and more. With crowdfunding platforms and social media, it’s easier than ever to set up a page where friends and family can donate to whatever it is you’re passionate about or need money for. But does this new fundraising fad have a place in politics? Politicians who are starting campaigns or building platforms need money, and it’s a fairly new possibility that this money could come from small individual donations from people on crowdfunding websites instead of the wealthy upper class. Here’s everything there is to know about crowdfunding in the political arena. Traditional Political Fundraising In the past and even currently, campaigns have been funded by the appropriate political party the candidate is running for. Additionally, wealthy donors throw large amounts of money into the politician’s bank account and, more often than not, cash in the donation for a favor later on down the road. With this system, the upper class and politicians are completely running the show. Campaigns are based on who got money from the top […]
Lloyd Blankfein, CEO of Goldman Sachs (NYSE:GS), was interviewed by Jim Cramer on Mad Money this past week. Blankfein spoke broadly about the status of Goldman Sachs (along with the fact he has started to use Twitter). But one topic of interest was an update... Read More
The post Lloyd Blankfein Says Marcus Has Crossed $1 Billion in Lending, Will Top $2 Billion by Year End appeared first on Crowdfund Insider.
Peer-to-peer lending platform Lendy recently announced it has appointed three new senior hires to its growing team. Shane Lewin was named compliance officer, while Shaun Reynolds was appointed development finance support manager, and Pamela Guillamon was appointed international marketing manager. According to Lendy, Lewin previously... Read More
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In a recent article published in the Hastings Law Journal (embedded below), Duke University School of Law Associate Professor Elisabeth de Fontenay discusses the relationship between the recent decline of IPOs and the deregulation of private capital. Professor Fontenay also spoke at the... Read More
Here is another document that points to China’s size, dominance and creativity when it comes to financial innovation. EY has published the “Fintech Adoption Index 2017” that grades the various markets where EY operates so just about most of the developed world. When you think... Read More
The post EY Fintech Adoption Index: China Leads the Pack. USA is Just Average appeared first on Crowdfund Insider.
The Tokyo Metropolitan Government (TMG) announced on Friday it is set to invite foreign companies to participate in the upcoming FinTech Business Camp Tokyo event. It was revealed: “TMG is preparing a new plan which can be termed the ‘Financial System Reform in Tokyo —... Read More
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The Boston based company Fintech Sandbox and the Ontario Centres of Excellence (OCE) signed a memorandum of understanding (MOU) to work together to bring the Fintech Sandbox model into Ontario and eventually the rest of Canada. The President and CEO of OCE, Dr. Tom Corr,... Read More
The post Fintech Sandbox and Ontario Centres of Excellence Announce Partnership appeared first on Crowdfund Insider.
New Zealand-based peer-to-peer lending marketplace Harmoney announced on Friday it has officially achieved $500 million transaction milestone in just under three years of operation. The online lender reported that 30,000 Kiwis have joined its community and have two challenger NZ owned banks, TSB and Heartland,... Read More
Injeq Oy (Ltd), a Finland-based MedTech company, is set to close its equity crowdfunding campaign on Invesdor more than €1.1 million from over 450 investors. The company, which launched the initiative last month, sought to raise €825,000 to bring its smart Injeq IQ-Needle to the European medical... Read More
The post MedTech Company Injeq Oy Attracts More Than €1.1 Million Through Invesdor Round appeared first on Crowdfund Insider.
With its fourth equity crowdfunding campaign set to close on Crowdcube in less than two weeks, Powervault is close to securing 1 million from more than 600 investors. The home battery system company, which was founded in 2012, currently has a pre-money valuation of more than £8... Read More
The post Update: Powervault’s Latest Crowdcube Nears £1 Million From More Than 600 Investors appeared first on Crowdfund Insider.
While the revelation that online mortgage lender Sindeo was turning off the lights and shutting down was disappointing news in the Fintech space. But other online mortgage lenders continue to execute and grow. One of the most promising is loanDepot, the creation of CEO Anthony... Read More