Leading Crowdfunding Industry Analyst Firm, Crowdfund Capital Advisors, States Now is the Time to Update the Regulation to Further Enable Capital Formation
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Robert Hoskins
(512) 627-6622
@Crowdfunding_PR
Troy, NY – SpaceoutVR, Inc. announced the launch of an equity crowdfunding campaign on Netcapital.coml to raise money for a Mobile Virtual Reality software company. Their product, Spaceout.VR is a free to play Social VR MMO for iOS & Android that monetizes with upgrades and features for entertainment, gaming and communications.
SpaceoutVR Launches Equity Crowdfunding Campaign on Netcapital.com to Raise Money for a New High Tech Mobile Virtual Reality Company
“We are pleased to offer our friends and fans an opportunity to grow with our company,” said SpaceoutVR’s CEO, V. Owen Bush. “Equity crowdfunding is how the future is funded and SpaceoutVR is the future of immersive entertainment.”
The VR MMO engages players with fun VR experiences. Players aim to win by building the biggest Space Station in VR. Using machine learning and social media analysis, the MMO populates personal spaces with the digital content that players love. A social feed allows players to meet, share, and leave messages for each other. A gamified user economy will drive the revenue of SpaceoutVR, Inc.
With two years of operations, over 250,000 app downloads and over $1.2M invested, the startup is on the launchpad to success. The team has had an exciting quarter leading up to this campaign, with several big milestones including a seed funding round with $365k invested.
SpaceoutVR has been selected as a top featured VR app for the Google Play Store and smashed new records in engagement with an average session of 18.33 mins in May. The team launched Spaceout.VR v 1.3.1 with a Social VR Feed and in-app 360 Photo Sharing. Spaceout.VR is now a top featured app on the Google Cardboard VR Library.
On June 29, 2017, SpaceoutVR won the CEG Technology Award “Judges’ Choice for Technology”. They were also awarded a free booth at both TechCrunch Disrupt in May and at the Northside Festival, June 7-9 in New York.
The company was co-founded by four senior executives in Gaming, Entertainment and Digital Marketing. SpaceoutVR, Inc. hopes to become a defining brand in mass-market consumer VR, and they have the experience behind them to make it happen.
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Robert Hoskins
(512) 627-6622
@Crowdfunding_PR
Austin, Texas – Trying to figure out if Title IV Reg A+ Equity Crowdfunding is the right fundraising tool to help your company move to the next level? Most people consider Reg A+ to be one step below issuing an IPO (Initial Public Offering) at a fraction of what it usually costs, thus it is also known as a Mini-IPO.
Most financial analysts consider existing businesses with several years of operations and generating significant revenue from multiple product/service lines to be the best candidates to launch a Reg A+ crowdfunding campaign. Smaller investment bookrunners will argue that even startups and small businesses are good targets to raise money using Reg A+, especially if they have goal of going public in 18-to-24 months based on certain revenue milestones.
If you cannot answer “yes” to the majority of these questions, then your business may not be ready to launch a Reg A+ equity crowdfunding campaign. These are many of the milestones that private equity investors and venture capitalists like see in a pitch deck to make your company worth serious consideration for a seed stage or private equity investment. If not, use this list to set some goals and objectives for your business and work hard to achieve them.
If you think you are serious about issuing a Reg A+ offering, it would be wise to read through the following white papers on Title IV Reg A+ vs. IPOs. Learning how a bookrunner works with various investment banks, institutional investors, venture capital and private equity firms can provide valuable insight into how Wall Street has been raising money for startups for the past 100 years.
The white papers will also provide key insights into how much money it will cost as well as the actual fundraising process including what it takes to put together a “Pitch Book” and how to market it via “Dog and Pony” investment road shows. The key to raising for a company’s management team to travel from city to city meeting with potential investors to pitch Reg A+ investment opportunities.
The SEC has previously stated that the primary purpose in adopting Reg A+ was to provide a simple and relatively inexpensive procedure for small business use in raising limited amounts of needed capital. Reg A+ issuers submit a paper-based offering statement to the SEC; this offering statement is essentially an abbreviated version of an IPO prospectus and it must be “qualified,” or cleared, by the SEC and delivered to prospective purchasers.
In addition to SEC review, Reg A+ offerings have traditionally been subject to review under state securities laws (also known as “Blue Sky” laws). In comparison, a traditional registered IPO listed on a national exchange is exempt from Blue Sky requirements. Securities sold in a Reg A+ offering are freely transferable in the secondary market, though Reg A+ issuers are not subject to Exchange Act reporting requirements.
Title IV of the 2012 JOBS Act directed the SEC to expand Reg A to exempt offerings of up to $50 million in equity, debt or convertible securities. The law mandated that issuers relying on this new exemption would be required to file audited financial statements with the SEC on an annual basis.
However, without infrastructure currently in place for A+ securities to trade on national exchanges, lawmakers left it within the purview of the SEC to settle the state jurisdiction question by establishing the definition for “qualified purchaser” in the rulemaking process.
The SEC’s final rule was adopted on March 25, 2015, and became effective during the summer of 2015. In the rule, the SEC expanded Regulation A into two tiers: Tier 1 for offerings of up to $20 million and Tier 2 for offerings up to $50 million.
By removing key procedural obstacles and introducing common-sense investor protections, this new Reg A+ framework creates a viable capital-raising alternative for issuers that want to remain independent and innovative. Below are some of the key provisions included in the SEC’s Reg A+ rule:
Securities offered under Reg A+ are freely tradable, which makes them more valuable to employees, investors and founders. This is beneficial for investors but also for issuer constituents, who may be early investors or insiders, seeking liquidity. The issuers’ choice of venue is mostly to do with the size of the offering and the company’s market capitalization.
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Robert Hoskins
(512) 627-6622
@Crowdfunding_PR
Newtown, Connecticut –Halitron, Inc., an equity investment holding company, (OTCPK: HAON.PK) announces the launch of a $300,000 equity raise through the EquityNet.com crowdfunding platform and is offering 21,428,571 common shares at $.014 per unit.
Halitron, Inc., formerly Teknik Digital Arts, Inc., is engaged in the development and marketing of interactive gaming software to play on cell phones, personal computers, and game consoles. Over the coming weeks the Halitron will announce a new mission statement and outline its strategic plan which involves acquiring related sales & marketing as well as manufacturing businesses and rolling them into one very efficient and low cost operating infrastructure.
“After a thorough review of a number of crowdfunding platforms, we selected www.EquityNet.com’s portal as their service provides access to over 20,000 accredited investors. We are excited to raise the initial capital which be utilized to further enhance operations and allow us to prepare for upcoming acquisitions,” states Bernard Findley, Halitron’s CEO.
Mr. Findley is experienced in growth opportunities as well as distressed acquisitions and work-outs. He communicates with the investment community and operational teams in order to execute on strategic plans that are intended to benefit shareholders.
Since 2008, he has acquired and consulted for over 16 brands that were bankrupt, distressed, and/or insolvent. Through these acquisitions, Mr. Findley gained invaluable experience with disappointed equity holders, senior lenders, unsecured vendors, and customers. While the turnaround world often comes with delivering “negative” messages, Mr. Findley has salvaged value on assets when many thought there was none.
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The Decibullz earbud headphone system allows users to mold and remold the earbuds for a custom fit, which can be had for making a donation of less than $50 via the company’s Kickstarter crowdfunding profile. It is virtually impossible that every set of earbuds fits every user perfectly because each person’s ears are as unique as their fingerprints. According to the company other custom earbuds can be made, but come with a high price tag and lengthy process. By using a safe, thermoplastic mold, Decibullz allows the user to mold the earbuds to their individual ears in a matter of minutes, without the exorbitant price tag. The result is an extremely comfortable, great sounding set of earbuds that won’t fall out.
“For the past two years, I have been working to create an easy, affordable custom-molded earbud, and revealed the first version of Decibullz at CES 2013,” notes Kyle Kirkpatrick, creator of Decibullz. “We’ve received some great feedback, and created an amazing following. I’ve combined that feedback with everything I have learned in the past two years to create an even better custom-molded earbud system.”
The molding process is similar to that of molding a mouthguard, and only takes a few minutes. First, the user heats up the thermoplastic molds in a bowl of water via microwave for two minutes, and allows them to cool until they’re slightly above room temperature. The molding material remains pliable for about four minutes, giving the user enough time to mold them to their ears to achieve a perfect fit. The earbuds’ design has been praised, earning Decibullz a CES Innovations Award.
Kirkpatrick launched his Kickstarter campaign with a funding goal set to $40,000, the cost to manufacture Decibullz 2.0, which is vastly improved compared to the first-generation Decibullz. The new version of Decibullz incorporates improvements such as superior sound quality, greater noise isolation, and better sweat resistance, which were all enhanced based on feedback from existing customers. Additional features that have been added to the first version include a tangle-free cord, low profile design, and silicone ear tips. Decibullz also comes with a built-in microphone and remote with music controls, making Decibullz the ideal earbuds for an active lifestyle.
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“Where Do You Want Faster Internet?” That’s the question that Connectify Inc. is asking as they Kickstart their new Switchboard technology this month. Connectify Switchboard is a new cloud service that lets Mac and PC users combine multiple Internet connections for faster speeds and increased reliability using an international network of “Speed Servers” in the cloud. In order to plan and deploy these Speed Servers, Connectify is working with Kickstarter backers to essentially crowdsource a worldwide network in real-time.
Backers of the Connectify Switchboard Kickstarter project can now vote for the location of the next Speed Server to be rolled out during the campaign. An interactive “heat map” a www.wheredoyouwantfasterinternet.com shows where the company currently has servers, and where backer interest is most fervent for upcoming Speed Servers.
By posting in project comments, on Facebook, and Tweeting with the hashtag #backswitchboard with their location, Connectify’s Kickstarter backers can add their location requests directly to the heat map. Kickstarter is all about community, and that’s why we decided to come back to the crowdfunding platform to help us plan and deploy our cloud network,” said Connectify CEO, Alex Gizis. “Switchboard Kickstarter backers now have an opportunity to help us build out a worldwide network, and we’re confident that the end result will be a Switchboard infrastructure that works seamlessly for our users worldwide.”
Already, backers from all over the world are giving the company valuable feedback, both on the Kickstarter project page and via social media channels. Less than a week into the campaign, and the interactive map asking Where Do You Want Faster Internet? is starting to light up. With interest growing by the hour, perhaps Connectify has struck upon a new model, where vital data on network coverage can be crowdfunded by users months before companies spend millions to roll out their servers.
Connectify is a privately-held company that develops next-generation networking software for Mac, PC, and mobile platforms. Founded in 2010, Connectify’s mission is to give all users the power to perform complex networking tasks at the click-of-a-button. For more information on Connectify, visit www.connectify.me .
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CE Week announced plans to host an innovative new lineup of keynotes and Crowdfunding conference sessions from the most well known names in the technology industry. The 2013 CE Week Line Shows and Exhibits are scheduled for June 26-27 at the Metropolitan Pavilion and Altman Building in New York City. This event is the official show headquarters of a week-long series of CE technology events taking place in the city over the course of CE Week, June 24-28.
CE Week LIne Shows & Exhibits is the Official Headquarters of CE Week, featuring the show’s largest exhibit floor of new products and start-ups, the largest concentration of conferences and attendees.
To kick off CE Week, the Consumer Electronics Association (CEA) is producing a Research Summit on Monday, June 24, from 10 a.m. to 5 p.m. This event at the High Line Hotel will provide timely intelligence on the unique and important market trends and transformations emerging in the consumer electronics industry.
Aereo Founder and CEO Chet Kanojia will join Gary Shapiro, president and CEO of CEA, for an in-depth conversation about how technology innovation drives Aereo’s business strategy, at 10:30 a.m., Wednesday, June 26.
Living in Digital Times will display the best and brightest in mobile app technology at the Mobile App Showdown. During this live event at 12:30 p.m. on Wednesday, June 26, ten finalists will put their apps to the test and the audience will cast the deciding vote on the best app.
Top company executives from Pioneer, Monster, Kenwood, Toshiba, IK Multimedia, Samsung and BlueBOLT will introduce new products and discuss what’s ahead for their companies during press conferences.
The CE Week SuperSessions will address popular topics including 3D printing, crowdfunding, and the next generation of gaming. Sessions include:
Polygon SuperSession: Video Gaming’s Other Next-Gen [June 26 at 1:35 p.m.] – With so much attention focused on new video game consoles from Microsoft and Sony, both of whom are poised to usher in another “next generation” of gaming later this year, it’s easy to miss that an entirely separate alternative generation of video game consoles is taking shape. Join us as we explore this nascent “other” generation, typified by a focus on mobile hardware, open operating systems, digital delivery and an indie-friendly publishing model.
Moderator: Christopher Grant, editor-in-chief, Polygon
CNET SuperSession: Bringing 3D Printing to Consumers [June 26 at 3:15 p.m.] – We hear about new 3D printing breakthroughs almost every week now, ranging from houses to prosthetic skull implants to 3D printing on Mars. For consumers, 3D printing is either science fiction, or it suffers from the perception that it’s an expensive, time-consuming hobby with little practical utility. How can consumer-facing 3D printing companies improve their image and attract more mainstream users? Should that even be the goal? This panel will explore the issues and solutions around taking 3D printing to the mass market.
Moderator: Rich Brown, senior editor, CNET
Mashable SuperSession: The Battle Over Smartphone Screen Size [June 27 at 10:15 a.m.] – Since 2010, the average size of cell phone screens has increased by almost a full inch. Plus-size phones like the Samsung Galaxy Note have expanded the displays of all models, to the point where it’s impossible to buy a top Android phone with a screen smaller than 4.7 inches. Does this trend have a ceiling, and what does it mean for people with normal-size hands?
Moderator: Lance Ulanoff, editor-in-chief, Mashable
PCWorld/TechHive SuperSession: Who’s Fastest? Wireless Speed Test Results [June 27 at 12:15 p.m.] – PCWorld/TechHive Editor Mark Sullivan and OpenSignal Co-Founder and CEO Brendan Gill present results from their annual study of 4G and 3G wireless speeds. This year, testers visited 20 cities and measured speeds at the street level to give wireless customers independent data on which carrier offers the best speeds and coverage in the U.S.
Engadget SuperSession: Crowdfunding the Hardware Revolution [June 27 at 1:45 p.m.] – Welcome to the dawn of the age of hardware startups. Sites like Indiegogo and Kickstarter have changed the way we think about starting a business, from funding to user feedback. We’ll talk to success stories about the new business paradigm and discuss some tips for getting started in the world of crowdfunding.
Moderator: Brian Heater, director of media, Engadget
The CE Week Line Shows Conference Program is part of the full CE Week conference program, including 50-plus sessions and featuring more than 150 speakers. Conference tracks include the CEA Research Summit, Crowdfunding, Women in CE Forum, Connected Car Conference, Digital Health Summit, 2nd Screen Summit, Ultra HD Conference and Techlicious Summit.
To register for CE Week visit https://secure.events-registration.com/ceweek2013/ Join in on the CE Week conversation by tweeting using the hashtag #ceweek.
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