Tag Archives: CrowdCheck

Financial Poise Announces “Equity Crowdfunding,” a Four-Part Webinar Series, Available On-Demand Now through West LegalEdcenter

23 Mar

Episode #1, entitled Title III, Regulation A+, and State Crowdfunding Regimes will feature Crowdcheck, CFX Markets, Crowdfunding Lawyers.net Riggs Davie in panel discussion moderated by Chris Cahill of Lowis & Gellen

By Robert Hoskins

Chicago, Illinois – The Financial Poise Webinar Series plans to explore the purchase of ownership shares in private companies via equity crowdfunding websites. “Crowdfunding” for this series refers both to investments made in this way by accredited investors – given greater scope by Title II of the 2012 JOBS Act – and those made by non-accredited investors under Title III of the JOBS Act.

Financial Poise Announces Equity Crowdfunding, a Four-Part Webinar Series, Available On-Demand Now through West LegalEdcenter

Financial Poise Announces Four-Part Webinar Series, Click Now => Available On-Demand

Episodes in the series address the modes of angel investing in a company during its early stages, the opportunities and perils of crowdfunding real estate investments, the money-raising entity’s perspective, and a close look at crowdfunding options under federal and state law.

The first episode of the Equity Crowdfunding series, Title III, Regulation A+, and State Crowdfunding Regimes, features Moderator Chris Cahill of Lowis & Gellen. He is joined by Jordan Fishfeld of CFX Markets, Andrew Stephenson of Crowdcheck, Amy Wan of CrowdfundingLawyers.net and Alex Davie of Riggs Davie.

“Crowdfunding” is an elastic term, covering general solicitation of accredited investors as well as equity investments in private companies available to all investors (Title III). Private companies within certain size limits may be able sell shares to all investors under Regulation A+. State crowdfunding laws may complicate the picture or afford more opportunities, or both. Panel discussions will look at a range of “crowdfunding” topics.

Each episode will be engaging, sometimes humorous, and filled with conversations designed to entertain as it teaches and will be of value even to seasoned crowdfunding professionals. And, each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all of the episodes.

Future episodes of the series will include webinars discussing angel investing, real estate investing, and raising money for a start-up through equity crowdfunding. Each Financial Poise Webinar episode is delivered in plain English understandable to business owners and executives without much background in these areas.

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Robert Hoskins, a seasoned Front Page PR veteran provides more than twenty-five years of external communications, media relations, digital social media and SEO skills to Front Page PR’s crowdfunding PR and media relations service portfolio.
Robert Hoskins
(512) 627-6622
@Crowdfunding_PR


Mr. Robert Hoskins is a seasoned marketing veteran with a proven track record of helping entrepreneurs, startups, small businesses as well as Fortune 500 corporations launch successful marketing communications campaigns to gain market traction for a wide variety of products and services.
On a regular basis, Mr. Hoskins consults with crowdfunding campaign managers as well as crowdfunding sites, portals and platforms to deliver successful crowdfunding marketing campaigns.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins is considered one of the industry’s foremost crowdfunding experts that has amassed a huge social media following, which is dedicated to supporting donation-, rewards- and equity-based crowdfunding campaigns.

Legion M Closes Over-Subscribed, Record-Setting $1 Million Equity Crowdfunding Campaign on Wefunder Portal

16 Aug

World’s first fan-owned entertainment studio leads the JOBS Act field with 3,000+ investors and significant demand above and beyond the $1 million cap allowed by the SEC’s JOBS Act Regulation CF

 By Robert Hoskins

Silicon Valley, CA – Legion M, the world’s first crowdfunded and now fan-owned entertainment company, announced they have raised one million dollars via their Title III crowdfunding offering on Wefunder. The Company raised the funds in less than three months from a record breaking 3,000+ investors, making it the most popular Reg CF company in the short history of Title III of the JOBS Act. At the time of closing, Legion M was also the number one company in terms of total investment interest and demand, with significantly more demand above and beyond the $1 million dollar funding cap allowed by the SEC, which leaves outstanding appetite for Legion M stock even after the round is closed.

Legion M Closes Oversubscribed, Record-Setting $1 Million Equity Crowdfunding Round on Wefunder

Legion M Closes Oversubscribed, Record-Setting $1 Million Equity Crowdfunding Round on Wefunder

“Legion M shareholders worldwide are celebrating this significant milestone we achieved together. We are truly inspired by their energy, passion and unbridled support. This Legion of dedicated fans have rallied behind us and our movement to make our mark entertainment industry,” said Paul Scanlan, CEO and co-founder of Legion M. “We are grateful to the JOBS Act for the innovative reforms that make this possible. Today we made history, and this is only the beginning.”

 Legion M’s creative partners currently include Stoopid Buddy Stoodios, the team behind Robot Chicken, 42 Entertainment, Meltdown Comics and Alamo Drafthouse.

 “I was impressed with how Legion M’s fans rallied to help them hit the one million dollar milestone eight days early,” said Nick Tommarello, CEO and co-founder of Wefunder. “We designed Wefunder for companies looking to build a stronger relationship with their most passionate customers, who are eager to help their favorite companies succeed. It was great to see how well it worked with Legion M’s well over three thousand investors.”

 “With more than three times the number of investors as any other Reg CF offering, Legion M has set the bar for Title III,” says Sara Hanks, a definitive authority on the JOBS Act and CEO of equity crowdfunding specialists CrowdCheck. “The real power of equity crowdfunding is having an investor base that can increase the value of your company, and Legion M is one of the best illustrations of that so far.”

“Having raised in excess of $100 million from VCs and angel investors for previous companies, we can attest that equity crowdfunding is a game changer,” said Jeff Annison, Legion M president and co-founder. “It’s not just a way to raise money–it’s a whole new paradigm for building a company.”

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Equity Crowdfunding Site, ReturnonChange.com, Raises $1 Million to Finance Solar Rooftop Installations

18 May

Geostellar, a leading online solar rooftop marketplace successfully raises $1 million round of funding on Return on Change, an online investment platform based in New York

By Robert Hoskins

New York, NY – Noted as the “KAYAK of solar rooftop installations,” Geostellar helps homeowners secure the best deals on solar rooftop panels by comparing and tailoring a variety of installation and financing plans. The majority of the capital raised will be used to further develop Geostellar’s platform to facilitate interactions between solar sales agents and homeowners, and an API for integration with third-party Web sites and mobile tools.

Return on Change was particularly helpful in finding the right investors for us. They had all the information in front of them, and pushing the ‘Invest’ button was a simple way to express their interest in participating. It was easy for me to update the site, rather than circulating new documents…Raising capital online since the JOBS Act makes it much easier to spread the word, get potential investors engaged and provide information,” the CEO of Geostellar, David Levine stated.

Geostellar set the terms for their raise on Return on Change. Howard Teich, an investor of Geostellar stated, “The ease of Return on Change’s investment program allowed me to invest in one of the most important companies on the planet Geostellar. Without Return on Change we would not have been able to show up and take action to participate…”

“We believe Geostellar is a clear example of a business that has profit potential for investors and long term sustainable value. Our team had a great time working alongside Geostellar’s team, collaborating on sharing the opportunity with potential investors to reach the $1 million goal. Additionally, Geostellar’s proactive strategy in attracting investments was paramount to their successful fundraise. We’re excited to form a long term relationship with Geostellar and see how we can continue to be of value to their growth,” Sang H. Lee, CEO of Return on Change shared.

Return on Change’s platform provides startups with the tools to efficiently connect with accredited investors online. Its centralized capital raise management tools allow entrepreneurs to easily disseminate information, handle investor accreditation, and access investors outside of an entrepreneur’s direct network. Partnering with CrowdCheck and WealthForge Holdings, Return on Change will continue to provide useful tools and networks to enable investors and startups to thrive in the equity crowdfunding space.

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Evisor Launches 99Funding Equity-based Crowdfunding Platform in California

20 Mar

By Robert Hoskins

Evisor Inc. launches 99Funding securities crowdfunding platform.  Crowdfunding is already changing the way that startups are funded, and securities crowdfunding is poised to revolutionize private investment markets, according to Craig Goos and Jim Dowd, Managing Directors.  The 99Funding platform offers a secure, transparent, and efficient marketplace for investment crowdfunding.

99Funding Equity Crowdfunding Platform Launches in California

99Funding Equity Crowdfunding Platform Launches in California

The Jumpstart Our Business Startups or JOBS Act signed into law by President Obama in April of 2012 created a new class of exempt private offering —the crowdfunding exemption — that will allow companies to raise up to $1 million through investments from retail investors.  Private offerings have generally been restricted to small numbers of accredited investors.  Investment crowdfunding for the general public is on hold for now, awaiting the promulgation of regulations by the Securities and Exchange Commission (SEC).  So for the time being, only accredited investors will be allowed to invest through the 99Funding platform.

As Wall Street veterans, Goos and Dowd emphasize that investor protection is the predominant focus of the funding platform. “We have been working in regulated financial markets for over 20 years,” said Dowd.  “We are not surprised that developing crowdfunding rules is taking longer than industry participants had hoped because we understand the complexity of the issues the regulators are facing.  Selling securities is not like raising money through donations or product pre-sales. Investor protection has to be the primary issue for the SEC and FINRA, since fraud is always a risk in the securities business.”

The 99Funding platform has been securely engineered to mitigate risk for investors.  First, due diligence on the offerings is handled through a partnership with CrowdCheck, a company that provides transparency and investor protection for crowdfunding and online investments.  Second, each offering must be distributed by a registered broker-dealer, which will vet the issuer and the offering terms before listing.  This role will be handled by affiliate North Capital Private Securities Corporation, member FINRA and SIPC.  Third, BancBox Crowd provides secure payments and escrow services for all investors and issuers.  Investor cash balances and escrow accounts are FDIC-insured.  Finally, Continental Stock Transfer & Trust Company will provide stock transfer agency services to ensure that all transactions are efficiently processed and recorded.

“We have a great team of business partners, all of whom have invested significant time and energy towards development of the investment crowdfunding market,” said Dowd. “It is wonderful to be working with the team at 99Funding.  They have put a huge focus on investor protection and deal transparency, and it shows.  99Funding is showing the way forward for the industry and helping to assuage the concerns of those who are unsure about new investment vehicles,” said Brian Knight, Vice President of CrowdCheck.

“We are pleased to be a partner for the 99Funding platform.  Jim and Craig’s focus on investors is totally consistent with the finest in shareholder services,” said Steven Nelson, President and Chairman of Continental.  Sanj Goyle, CEO of BancBox Crowd said, “Our relationship with the 99Funding team has been very constructive.  We think of Jim and his team as key partners in this developing industry, and our collaboration has no doubt resulted in a more robust BancBox Crowd tool set.”

99Funding has also partnered with Crowdnetic, a leading provider of market data solutions and funding portal platform technology.  Luan Cox, the Founder and Chief Executive Officer of Crowdnetic said, “99Funding was one of our early partners.  Coming from the traditional securities market, they were quick to recognize the value that Crowdnetic brings to the emerging crowdfunding market.”

99Funding is not the first private investment platform that Goos and Dowd have managed.  The two worked together at Bear Stearns to develop the HedgeSelect platform, one of the first open architecture platforms for hedge fund investing.  In 2008, Goos left to run the alternative investment business for UBS Wealth Management, and Dowd left to found North Capital.

Dowd notes, “We believe that crowdfunding will develop like other securities markets, with standardization of terms and eventually, syndication of deals among multiple platforms.  If the market evolves as we expect it to, the opportunity for investors and issuers will be huge.”

The State of Equity-Based Crowdfunding…Primed, Capitalized and Waiting on the SEC

17 Feb

Capitol Hill Briefing on the
State of Equity-Based Crowdfunding

Please Join  for a Capitol Hill Briefing on:

WHO:            Small Business & Entrepreneurship Council

WHAT:        The State of Equity-Based Crowdfunding
                       …Primed, Capitalized and Waiting on the SEC

WHERE:     Washington, DC – The Capitol:  HVC 201 A & B

WHEN:        Tuesday, February 19, 2012 from 12:00 p.m – 1:30 p.m.

WHY:           Attend Crowdfunding Panel Discussion 

Moderator: Karen Kerrigan, President & CEO, SBE Council

Panel of Crowdfunding Subject Matter Experts:  

RSVP by February 15:   rsvp@sbecouncil.org  Please provide Full Name, Title and Association or Member/Committee Office

Purpose of Crowdfunding Briefing:

At this February 19 briefing, the nation’s principal leaders and experts on equity and debt-based financing will provide an in-depth review of the extensive build out and preparation that has taken place to help entrepreneurs’ access capital through online platforms, while protecting the investors who will finance these enterprises.  The group will touch upon the global advancement of equity-based crowdfunding, the significant challenges entrepreneurs still face in accessing capital and why it is vitally important that the SEC finalize JOBS Act rulemakings.

JOBS Act Background:

President Obama signed the Jump Start Our Businesses Start Up Act (JOBS Act) on April 5, 2012, which among other smart reforms to outdated securities laws, made equity-based crowdfunding legal.  The Securities and Exchange Commission (SEC), however, has missed important deadlines in issuing rules that will govern this promising and transformative marketplace for entrepreneurs.

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