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Archive | March, 2013

The Crowdfunding Press Center Examines Australian Equity Crowdfunding Platform ASSOB

31 Mar

By Robert Hoskins

To get a sense of what lies in store for the coming equity crowdfunding industry in the United States, we thought we would take a peak inside the very successful crowdfunding platforms that have successfully raised millions of dollars to for businesses in Australia.

ASSOB is Australia's most successful equity crowdfunding platform

ASSOB is Australia’s most successful online  equity crowdfunding platform

The Australian Small Scale Offerings Board (ASSOB) is Australia’s largest and most successful business introduction and matching platform for showcasing investment opportunities in high growth, unlisted Australian companies.

A wide range of businesses, from seed and start-up stage, to award-winning and government granted companies, as well as more established growth and expanding companies, have joined ASSOB seeking access to growth capital and a convenient forum to connect with stakeholders.

ASSOB combines peer-to-peer investment (or ‘social’ investment) with a venture capital approach, enabling entrepreneurs and early-stage organisations to accelerate company development and to efficiently connect with Funders.

The ASSOB promotes capital raising campaigns of up to $5 million through an online equity crowdfunding platform, which offers a complete marketing communications and distribution channel to inform potential investors of capital raising offers. In addition, the ASSOB offers Australia’s only facility for “secondary” sales of unlisted issued securities.

The beauty of this arrangement is that for the first time online equity crowdfunding services help businesses get the visibility they need to be able to target the right investing audience of potential investors.

The ASSOB is, however, more than just a capital raising platform. The portal is a training ground designed to enable great people to launch great ideas with the right support. They offer value-added input through our due diligence, guidance, expertise and other active involvement, as required, to ensure that companies gain momentum and achieve their maximum potential during their time on the ASSOB Platform.

What the crowdfunding platform does not do is give or loan companies business capital.  They do not take an equity share in companies nor do they publicly market investment opportunities outside of our subscription service.   They allow companies to build crowdfunding profiles and raise money, but they do not give financial advice to anyone about companies profiled on their platform.

Here are some of their links to explore:

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View into Crowdcube’s Successful Equity Crowdfunding Platform in the United Kingdom

31 Mar

By Robert Hoskins

Founded in 2010, Crowdcube is the next generation of business investment in the United Kingdom. It is a new way to fund start-ups and business expansion by crowdfunding for equity, giving entrepreneurs a platform to connect with ordinary people and raise venture capital. By attracting lots of investors who invest smaller amounts of money into a person, company, product or idea you can bypass the traditional ways of raising venture finance.

Having founded, and worked for several entrepreneurial businesses Crowdcube’s founders understood how difficult it was to raise money in order to start and grow a small business. The task of securing investment is a notoriously perplexing and sometimes sluggish process that can be a struggle at the best of times. In today’s worldwide economic crisis this climate has become even more challenging.

Thus, Crowdcube now gives entrepreneurs the opportunity to take control of raising funding from their own network of friends, family, customers and strangers.

Stats Behind Crowdcube's Successful Equity Crowdfunding Platform in the UK

Stats Behind Crowdcube’s Successful Equity Crowdfunding Platform in the UK

Daily Grommet Touts New Crowdfunding Campaigns for THINX, Frogglez Goggles, DoorJamz and MAX’IS Creations

28 Mar

By Robert Hoskins

Daily Grommet, an online shopping site and product launch platform, has announced that four of the teams who participated in its live ‘From Home Plate to a Home Run’ competition have launched Indiegogo campaigns as a significant step in developing interest and further investment in their product concepts. Crowdfunding is a critical step in the journey to becoming a market-ready product.

Daily Grommet Touts New Crowdfunding Campaigns for THINX, Frogglez Goggles, DoorJamz and MAX’IS Creations

Daily Grommet Touts New Crowdfunding Campaigns for THINX, Frogglez Goggles, DoorJamz and MAX’IS Creations

The four companies who participated in the event currently have live campaigns that will run until May 1, 2013. All have an early stage product that is ready to receive an appropriate level of funding to either create a prototype, secure a distribution channel or facilitate another aspect of their growing business. Each campaign will be featured on the Daily Grommet partner page on the Indiegogo site, which can be viewed here.

THINX, the winner of the product competition is asking for $10,000 and hopes to continue the momentum and production for their leak and stain resistant underwear with this new campaign. They’ve already received strong public interest and media attention since they took the top spot at the event last week.

Frogglez Goggles, comfortable kid’s swim goggles, was the runner-up at the event and has also gone live with a campaign. The founder is asking for the public’s help with his $20,000 goal to manufacture enough goggles for an initial order.

DoorJamz, a customizable doortone for your home, is hoping for $90,000 to finalize their design and begin initial production.

MAX’IS Creations, a mug designed with a basketball hoop attached was designed by an 8-year-old-boy and the winner of the community’s popular vote at the event. His campaign is live and is hoping the campaign will help with manufacturing as well as promoting awareness for dyslexia research. They’ve included a $5 donation level in their campaign, 100 percent of which will be donated to dyslexia research at the Carroll School in Waltham, Massachusetts.

“These products all have tremendous potential and are only at the start of their journey. Once they are successfully funded, the real work begins. We are proud to watch them from start to finish and plan to share their story along with Indiegogo and gain as many contributions as possible” says Jules Pieri, CEO and Co-Founder of Daily Grommet.
The Daily Grommet is a highly curated online marketplace and launch platform for products of great utility, style or invention that haven’t hit the big-time yet. Daily Grommet seeks out these unique products, carefully tests them, and produces a video review of each one telling the story behind its creation. Daily Grommet is rooted in the philosophy of Citizen Commerce whereby regular people form the commerce experience by suggesting products that reflect their values and interests. Citizen Commerce turns the typical top down retailer approach sideways, encourages global product innovation from small producers, and satisfies the consumer’s need to know the stories behind and origins of favorite products.

AlumniFunder Launches Crowdfunding Platform Where Alumni Can Back Student Entrepreneurs

28 Mar

By Rip Empson

TechCrunch – AlumniFunder launched in beta this week with a simple mission: Help create a deeper relationship between current students and alumni, while supporting collegiate entrepreneurship and creativity. To do that, AlumniFunder wants to give alumni a platform by which they can invest in innovative projects created by students at their alma mater. Whether it be for a new science lab, natural language processing research or a documentary film, the startup also wants to help give students access to the capital they need to get their ideas off the ground.

AlumniFunder Launches A Crowdfunding Platform Where Alumni Can Back Student Entrepreneurs

AlumniFunder Launches A Crowdfunding Platform Where Alumni Can Back Student Entrepreneurs

Riding the crowdfunding wave, the startup is essentially putting a spin on (or splitting the difference between) Kickstarter and education-focused, P2P funding platforms like SoFi and CommonBond. Not unlike these platforms, AlumniFunder has no affiliation with a specific college, instead providing a marketplace for those with ideas that need funding to connect with those looking to open their wallets to a worthy cause.

In other words, the platform works like this: Those registering for AlumniFunder are split into “Doers” (those looking to create a project) and “Alumni” (those looking to browse and fund projects). Doers are required to register with a “.edu” email address to set them up as part of a particular collegiate and alumni network, and then, like Kickstarter, their projects are posted to that network for a specified duration — usually between 30 and 60 days.

If the team or student hits their funding target, the money is then transferred via Stripe to the team; if not, no credit cards are charged. AlumniFunder provides a layer of oversight during the process to make sure the projects meet a minimum level of decency and appropriateness, while providing students with tools from Prezi and Vimeo, for example, to help them build and share their presentations with alumni.

The core value behind AlumniFunder, co-founder S. Ryan Meyer tells us, is to create a more direct and transparent channel for alumni to connect with students, in turn supporting alumni engagement in on-campus programs and entrepreneurial initiatives. Rather than crowdfunding being the focus of the platform, Meyer sees it as a technological tool for pooling resources — not a panacea for every capital-raising scenario and every hobby project out there.

Meyer started AlumniFunder last July as an “elaborate work-around,” he says after experiencing problems raising money for “the technology spinoff” of his brick-and-mortar, children’s brain-training company, Minds-in-Motion. Looking into crowdfunding as an alternative and, after considering using Crowdtilt’s white-label product, Meyer and team decided to create their own solution.

Meyer has raised $125,000 thus far, mostly from friends in his alumni network, he says, “crowdfunding it the old-fashioned way” through phone calls and in-person meetings. Crazy, I know. The team has since grown to five, including CTO and co-founder Brandon Goldman, who was the 13th employee at Box and is building the site in Node.js.

As for pricing, at launch, the site is free to all users, save for the requisite credit card processing fees. Going forward, AlumniFunder plans to launch an equity investing platform (set to launch at some point this summer), which will also be free-to-use. The team is currently raising a fund (at an undisclosed amount) that it will likely use to co-invest one-third with the accredited investor crowd in equity-based campaigns, “using crowd-vetting as a way to deploy capital to early-stage investments,” Meyer says.

Read more…

National Radio Talk Show Invites Crowdfunding Pitches for the “Good Day Crowdfunding Show”

27 Mar

By Robert Hoskins

The Good Day Crowdfunding Show brings the buzz of a broadcast radio reality series and pits crowdfunders in a contest judged by crowdfunding industry thought leaders.  Entrepreneurs and businesses interested in raising capital, social lending and fundraising websites for their products, charity projects and creative ideas are invited to “pitch the experts” on the first crowdfunding radio reality series.

Doug Stephan's Good Day Crowdfunding Radio Talk Show

Doug Stephan’s Good Day Crowdfunding Radio Talk Show

Good Day Crowdfunding has launched its own pre-launch to build community where crowdfunders can engage. Inside the community is a unique incubator project, Startup America Crowdfundingwhere participants are guided from start to finish through successful money-raising campaigns.

As part of the project, creators of the best ideas will get a shot on the Good Day Crowdfunding Show, to pitch their idea to millions in a fast-paced reality format. The incentive is simple: The better the idea, the more promotion and airtime to over 3MM daily listeners across the U.S. and online.

Doug Stephan ‘s Good Day Show shifts into high gear in its 25th year of production, now adding the crowdfunding segment. Mike Hayes , current host of StartUp America News and an expert in entrepreneurship, working with thousands of entrepreneurs, has created the crowdfunding incubator and will serve as co-host. Hayes has more than 25 years in the media marketing industry.

“This new reality-based radio program,” says Mike Hayes , “is the American Idol of Crowdfunding. Our intention is to help boost the impact of crowdfunding on America’s economy by creating and supporting crowdfunding success stories across any available platform. We want to enable anyone, anywhere to follow, and fund their dream projects.”

Doug Stephan shares, “The Good Day Crowdfunding team is led by broadcaster Mike Hayes and a great team of hand-picked crowdfunding experts. The fusion of radio and an online community with crowdfunding, is an exciting vehicle, both for entrepreneurs launching new ideas, as well as listeners who are likely supporters. I can’t wait to kick off Good Day Crowdfunding on the air for an entertaining and informative way to cover the best and most important stories about crowdfunding each day.”

Additional team members include:

  • PR expert Ronjini Mukopadhyay, who has been central to several highly successful crowdfunding campaigns including StickNFind.
  • Entrepreneur Danny Kastner , who was a contestant on The Apprentice and has developed Crowdjammer, a crowdfunding community solution designed to drive campaign backers to any crowdfunding project
  • Social Impact Marketer Robin Eschler, host of Socially Conscious Investing online radio and pro in social lending, impact investing and online marketing.

Crowdfunding projects recently gained attention with the Jumpstart Our Business Startups (JOBS) Act signed by President Obama with bipartisan support on April 5, 2012. Hundreds of crowdfunding websites have appeared since then and, according to Forbes growing from $1.5 billion to $3 billion in 2013, supporting businesses, growing companies and nonprofit causes. Crowdfunding has focused on bringing together volumes of people to contribute to projects, causes and even personal needs.

Crowdfunding Platform Crowd Supply Adds Value-Added Fulfillment Services for Successful Fundraising Campaigns

26 Mar

By Robert Hoskins

Crowd Supply is publicly launching the first marketplace that supports project creators from crowdfunding through product delivery. In addition to hosting crowdfunding campaigns, Crowd Supply offers the management of pre-orders, warehouse fulfillment and ship-from-stock e-commerce. Founded by a team of highly experienced engineers and product developers, the company welcomes a wide range of design and technology projects and stands ready to help creators in ways that other crowdfunding sites do not.

Crowd Supply

Crowd Supply Adds Value-Added Fulfillment Services for Successful Fundraising Campaigns

“Everything about Crowd Supply is different from other crowdfunding plaforms,” said Lou Doctor, co-founder and CEO of Crowd Supply. “By teaming up with project creators for long-term success, Crowd Supply is ushering in a new generation of exciting products and businesses. Our pre-approval support process enables creators to speak and work directly with experienced engineers and product designers to improve the quality of their business plans and schedules. After crowdfunding, our pre-order and fulfillment services allow project creators to focus on their designs and future projects instead of packing and shipping boxes. The net result is a better experience for consumers, an easier time for project creators, and new businesses that have the foundation they need in order to succeed in the long run.”

Concept-to-Commerce Support

Rather than treating the crowdfunding of a project as a single, one-time event, Crowd Supply supports creators with the critical services they need in order to successfully deliver their products into the hands of their customers:

  • In the pre-approval phase, Crowd Supply partners with creators from the moment they submit their project, providing actionable feedback from its experienced engineers, entrepreneurs and marketing professionals.
  • Once a project is approved, a minimum funding goal is established and a production delivery schedule is agreed upon, Crowd Supply hosts the cross-platform campaign (mobile, tablet, desktop) to gather pledges.
  • As soon as the minimum funding goal is reached, backers’ funds are made available to the project creator, as much as six to eight weeks sooner than other platforms. In this way, Crowd Supply gives creators a head start on their development schedules to improve the odds that backer expectations will be met.
  • Post-crowdfunding, the project’s campaign page on Crowd Supply converts to a ‘pre-order page’ for consumers who wish to receive an early delivery of the product. Creators determine retail pricing and an estimated ship date, and this is accurately communicated to potential pre-order customers.
  • Once the project becomes a finished, manufactured product, Crowd Supply becomes an e-commerce reseller. Customers can order these recently crowdfunded products for same-day shipment.

Crowdfunding Growth Creates New Opportunities

Crowdfunding continues its dramatic upward trajectory, with annual totals expected to reach $6 billion in 2013, more than double the amount raised in 2012. The challenge of raising money is largely solved, but after funding is acquired, a project creator must transform an idea or prototype into a tangible, manufactured product, and ultimately into a sustainable business. Companies that can capitalize on the early interest generated from backers and consumers are at a distinct advantage, since a product’s highest rate of revenue growth occurs immediately after it exits the research and development stage.

With Kickstarter and other crowdfunding platforms, creators who are fully funded often must figure out a way to accept pre-orders, then create their own e-commerce stores, and finally pack and ship potentially thousands of items, all with mixed results.

“Few people realize just how hard it is to produce and deliver a finished product, even if there’s sufficient funding,” said Jim Clark, inventor of the Reactor — a revolutionary iPhone case that incorporates an ultra-thin generator to manually charge the iPhone’s battery — currently being crowdfunded on Crowd Supply. “Creative people need a long-term relationship with talented partners in manufacturing, engineering, distribution and sales, so that they can focus on their projects and let experts help execute on the other pieces of the puzzle. I did a successful Kickstarter project last year and along the way learned just how ‘on your own’ Kickstarter can make you feel. I really like what Crowd Supply offers in the way of support to entrepreneurs like me. What Kickstarter started, Crowd Supply now finishes.”

“I like to build things, and I like to ride my bike,” said Patrick Croasdaile, Project Manager at Bike Soles. “We chose to launch our new LIT tire project with Crowd Supply because we wanted urban cycling enthusiasts and commuters to see our new tires and back our campaign. Crowdfunding will enable us to bring our superior tire to market while Crowd Supply’s fulfillment service spares us from being bogged down with packing and shipping of individual orders. Their support for early-stage businesses like ours allows us to focus more of our energy on our new products.”

Cycling and eco-friendly transportation is currently a popular project category on Crowd Supply. Asylum Cycles, which is launching a full-carbon cyclocross bike called the Asylum Meuse, joins Bike Soles among the many promising creators in this category.

Unlike Kickstarter, Crowd Supply doesn’t arbitrarily exclude categories. Pet products, for example, are forbidden on Kickstarter, but Crowd Supply welcomes them. The Rollo, a versatile new dog collar with an integrated leash, is the first of many pet products that Crowd Supply is proud to feature.

“Rollo introduces an innovative product to the pet category that provides dogs and their owners with newfound freedom,” said Tony Lord, co-founder and creator of Rollo Pet Company. “We see Crowd Supply as a great partner for bringing this product to market.”

EcoHub Launches Vermont-based Crowdfunding Platform to Fund Eco-Friendly Projects

26 Mar

By Robert Hoskins

EcoHub, Inc. launched an online community in Vermont devoted to a crowdfunding platform for eco-friendly projects (EcoProjects) and nurturing healthy relationships between people and the planet. More than just Crowdfunding, the EcoHub connects individuals to create a critical mass that is collectively working to improve the environment. The goal of the EcoHub is threefold:

The EcoHub Launches Crowdfunding Platform to Fund Eco-friendly projects (EcoProjects)

The EcoHub Launches Crowdfunding Platform to Fund Eco-friendly projects (EcoProjects)

  1. Be a crowdfunding agent for EcoProjects with built-in accountability measures;
  2. Nurture a community-driven educational outlet for individuals to learn about the issues; and
  3. Create a viable market for environmental initiatives.

The EcoHub launches with two Vermont-based EcoProjects ready for funding:

  1. The Bin Genie, created by Denise Schomody of Trip Trap Recycling, is a cover made for curbside recycling bins from nylon woven out of recycled fishing net. The goals for the Bin Genie are to keep neighborhoods clean, maximize the efficiency of recycling efforts, and create jobs in Vermont.
  2. The Vermont Sustainable Heating Initiative (VSHI), created by Tom and Beth Tailer, is a volunteer ­run, non-profit organization working to establish a sustainable heating economy for all Vermonters. For the past five years, VSHI has worked with the state’s fuel assistance program to provide pellet stoves and wood pellets to fuel assistance clients.

Co-founded by three women with Vermont Law School ties ̶- two current JD candidates, Shannon Clarke and Brianne Fischer, and one master’s program (MELP) alumna, Susan Goehring Bailey – the founders credit their time at Vermont Law School and its environmental curriculum for enabling their business concept to grow. The executive team is comprised of these three, acting as Chief Executive Officer, Chief Financial Officer, and Chief Marketing Officer respectively, and Burlington resident Casey Lyon, who is Chief Technology Officer.

“Our scope of impact surpasses typical crowdfunding platforms because our value comes from connecting individuals to create a community working together to improve and invest in the environment,” explained the EcoHub’s Co-Founder and CEO Shannon Clarke, “Our mission is to leave the world better than we found it and with your help we can do that and make it possible for millions of others to do the same.”

Big-Concepts Launches New Crowdfunding Platform in Virginia to Fund Creative Projects

26 Mar

By Robert Hoskins

Big-Concepts allows people to utilize social media in order to reach out to people who believe in them and their concepts. The owners of Big-Concepts said, “we help dreamers, designers, artists, gamers, techies, and business owners find the support they need to build, produce, and create their very own Big-Concepts.”

Big-Concepts Launches Creative Crowdfunding Platform to Fund Future Creative Projects

Big-Concepts Launches Creative Crowdfunding Platform to Fund Future Design, Art, Games, Technology and other Creative Projects

There are many reasons why crowdfunding has been so effective. With crowdfunding, it is easier for people to disseminate their goals and their business plans to the general public. Social media tweets and Facebook posts allow others to further dispel these campaigns to their own networks once they are involved. Quickly, crowdfunding has become an effective way to fundraise for individuals, businesses and organizations.

Crowdfunding is really great for those who are creating new concepts. Game developers, new technology, inventions, design fashion, art, music, and film makers are a few of the categories who typically receive significant funding from effective crowdfunding campaigns.

With crowdfunding, there is no need for people to come to a specific event or fundraiser. Because of this, it is easier for emerging businesses or artists to reach out to media contacts, online publications, and their email lists in order to generate increased exposure and support. Through a continuous online fundraiser, it makes it possible for people – anywhere and at any time – to support a cause or organization that they believe in.

Capital One Bank Gets into the Crowdfunding Business with Kiva Microlending Platform

25 Mar

By Robert Hoskins

Capital One announced that it will expand its “Investing for Good” partnership with Kiva by providing $500,000 to match loans made to U.S. small businesses on Kiva’s crowdfunding platform, helping entrepreneurs across the country with additional funding to start, sustain and grow their businesses.

Capital One to Match up to $500,000 of Kiva Microloans

Capital One to Match up to                                           $500,000 of Kiva Microloans

Kiva is a non-profit organization working to alleviate poverty by connecting people around the world through microlending. With as little as a $25 loan, anyone can help a borrower create new opportunities for themselves and their family. Together with more than 890,000 Kiva lenders and a worldwide network of microfinance institutions, Kiva has created economic opportunity for more than 975,000 borrowers. Since its inception in 2005, Kiva lenders have funded more than $390 million in loans with a 98.9% repayment rate.

A single loan, a single business or a single job can change the trajectory of families, communities, and cities. Now, with Capital One’s support, the amount donors lend will be matched and small business owners across the U.S. will be that much closer to realizing their dream.

Through Kiva’s proven microlending model, anyone with an Internet connection and $25 can help crowdfund a loan to a small business owner profiled on kiva.org. Since 2005, Kiva has crowdfunded more than $400 million in microloans by connecting a growing global community of 890,000 lenders to 975,000 entrepreneurs from five continents. In June 2010, Kiva opened up their crowdfunding platform to U.S. small business owners and aspiring entrepreneurs in several cities, including New Orleans, Detroit, Los Angeles and D.C. Now, with the support of Capital One, Kiva is bringing its popular microlending model to reach more entrepreneurs across the country.

“Small businesses are the engine of our economy, as they do well it has a ripple effect on local economies – jobs are created and communities are strengthened. Kiva helps make an important connection between local businesses and the people they serve, giving local community members a vested interest in business success,” said Jonathan W. Witter, President of Retail and Direct Bank, Capital One. “At Capital One, we’re committed to helping aspiring entrepreneurs and small businesses of every size grow and thrive – whether it’s directly through our products and services, or through innovative partnerships and digital channels like Kiva.org.”

Capital One’s support of Kiva’s work in the U.S. and small businesses builds on the successful launch of Kiva City D.C. in January. Kiva City D.C. is a new partnership between Capital One, Kiva and the Latino Economic Development Center (LEDC). Through this partnership, LEDC identifies entrepreneurs in the D.C. area who can benefit from a microloan, posts their profiles on kiva.org and administers the loan program. Since the launch just six weeks ago, nine local businesses in our nation’s capitol have received funding from more than 1,000 lenders and Capital One through Kiva City D.C.

“If the money stored in our wallets was given a new life for a short amount of time, as a loan to a small business owner, each of us could help to shape the course and success of the economy,” said Premal Shah, President of Kiva. “A single loan, a single business or a single job can change the trajectory of families, communities, and cities. Now, with Capital One’s support, the amount you lend will be matched and small business owners across the U.S. will be that much closer to realizing their dream.”

According to the Small Business Administration, small businesses create two out of three net new jobs in the U.S. over the last 17 years.

Over the past seven years, Kiva has helped to mainstream microlending and pioneered the field of crowdfunding. Capital One is also driving new innovations at Kiva through its support of Kiva Zip, a pilot program that aims to expand access to capital for entrepreneurs, lower costs of capital, and increase connections between lenders and borrowers. Through Kiva Zip, even individuals and organizations without loan programs can help bring borrowers onto zip.kiva.org to be crowdfunded.

Through Kiva’s proven crowdfunding model, anyone can go to kiva.org or zip.kiva.org and browse through profiles and stories of people in need of a microloan and choose someone to lend as little as $25. With a 98% repayment rate, the money that is lent to a small business owner is truly a loan, not a donation. Every dollar helps to crowdfund that business’ microloan, which in turn helps to support thriving local economies, communities and jobs.

CrowdIt CEO Graf Pitches Crowdfunding to Springfield Chamber of Commerce 2013 Small Business Council

23 Mar

By Robert Hoskins

CrowdIt CEO Presents to the Springfield Chamber of Commerce Small Business Council

CrowdIt CEO Presents to the Springfield Chamber of Commerce Small Business Council

Who: Jason Graf
Co-Founder and CEO
CrowdIt
Graf is the CEO and founder of CrowdIt. He has received multiple business awards, including the Springfield Business Journal’s “40 Under 40” (2012) and Go Magazine’s “20 Under 30” (2006). Graf’s passion for business, marketing, planning and financing has helped other business owners through his position as a business intermediary with Murphy Business and Financial Corporation. His career includes finance, beginning in 2000 as a loan officer and later becoming a branch manager at Primary Residential Mortgage. In 2004 he founded Graf Financial Services and Paragon Global, where he served as CEO, owner and manager for three years.
What: The JOBS Act and Crowdfunding:  What is it and How Can I Use it to Acquire Capital Today?
A simple definition of crowdfunding is fundraising through large amounts of people giving small amounts of money. Crowdfunding as a means of acquiring capital, is a growing trend and is expected to become a $300 billion market. The Jumpstart Our Business Startups (JOBS) Act was signed by President Barack Obama on April 5, 2012. The law modifies certain requirements new public companies must abide by and the length of time companies have to comply. The JOBS Act addresses, among other items, the number of shareholders a company may have, exempts companies from registering public offerings with the Securities and Exchange Commission, and relieves “emerging growth companies” from certain regulatory requirements. In this presentation, Graf will explain crowdfunding, the JOBS Act, and how entrepreneurs can position themselves to provide ancillary services in this emerging marketplace.
When: Wed., April 3, 2013 from 11:45 a.m. to 1 p.m. (CDT)
Where Springfield Area Chamber of Commerce
202 S. John Q. Hammons Parkway
Springfield MO. 65806

Click here to register

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