The Reg A+ Bombshell: $50M Unaccredited Equity Crowdfunding Title IV takes Center Stage |

The Reg A+ Bombshell: $50M Unaccredited Equity Crowdfunding Title IV takes Center Stage |.

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Crowdfunding Your Real Estate Project — Current Opportunities and Future Prospects

Real Estate Counsel

Real estate investors and developers are increasingly looking to raise money for their projects through “crowdfunding,” as legal and regulatory issues become better understood.

In the real estate context, “crowdfunding” is the raising of funds for a project through the use of social media to obtain contributions from many individuals.  Technically, each one of these investments in a real estate project by individuals is considered the purchase of a “security” from the project sponsor under federal law and regulations.  In the U.S., a project sponsor cannot offer to sell a “security” to the public without either registering the security with the U.S. Securities and Exchange Commission (a time-consuming and expensive process) or qualifying for an exemption from registration.  Therefore, the goal of any project sponsor is to structure the investment opportunity so that it qualifies for an exemption.

In the real estate context, there are several different ways of implementing a “crowdfunding” strategy.  This article…

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Crowdfunding Bill Moving Swiftly Through Arizona Legislature

azcap

When people hear the word “crowdfunding,” websites such as Kickstarter or IndieGoGo usually come to mind.

Those sites provide a platform for people to donate money to charitable events, help a music band launch a new album and help local businesses get off the ground.

But if a private company wants to raise money through shareholders, similar to selling shares a public stock exchange, the general public can’t participate by federal and state law. That’s reserved for only “accredited investors,” or wealthy, financially savvy individuals.

But that could soon change in Arizona.

House Bill 2591 would allow “equity crowdfunding,” meaning any Arizona resident with any income could buy stock in a locally based private company.

The idea behind equity crowdfunding is to create a new avenue for small businesses and start-ups to gain access to capital they otherwise couldn’t obtain through traditional routes, such as a bank, angel investor or venture capitalist.

“They’re struggling to find those earlier and smaller amounts of funding,” said Sidnee Peck, director of the Center for Entrepreneurship at Arizona State University’s W.P. Carey School of Business. “So they’re not quite ready for an angel group, they’re definitely not ready for venture capital and they don’t have what a bank typically requires in order to get a loan. So they might be stuck needing $10,000, $20,000, $50,000 and they just can’t obtain it.”

During a Senate Financial Institutions Committee hearing last week, Senator David Farnsworth said he thinks it’s one of the most important bills this session.

 “I have yet to find someone who is not in favor of this most important piece of legislation,” Farnsworth said.

The basis for the bill stems from the Jumpstart Our Business Start-Ups Act, also known as the JOBS Act, signed by President Barack Obama in 2012. A portion of the JOBS Act required the Securities and Exchange Commission, which regulates the nation’s securities industry, to create new rules to allow equity crowdfunding nationwide.

Those rules were supposed to be in place by December 2012, but the SEC still hasn’t acted.

Thus, some states began taking matters into their own hands.

About 15 states have passed their own equity crowdfunding laws so far and Arizona is among several currently considering doing the same.

These state laws allow crowdfunding only if the business and investors are located within that state. Crowdfunding can’t happen across state lines until the new SEC rules are in place.

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10+ Best Crowdfunding WordPress Themes

crowdfunding

This is a collection of the best crowd funding themes for WordPress. Crowdfunding (alternatively crowd financing, equity crowdfunding, or crowd-sourced fund raising) has really grown in popularity as a method of raising money via the internet with its huge reach to support all types of projects and activities by individuals and organizations.

If you want to create your own niche crowdfunding community website similar to the likes of Kickstater, Indiegogo or Crowdfunder, or you simply need to build a website for a single project you’d like to raise money for, then these WordPress themes are a great solution. The 10+ excellent crowdfunding WordPress templates below will help you build a professional crowd funding website up quickly, easily and cheaply.More Here

Crowdfunded Couples Vibrator ‘Slaphappy’ Launches Dedicated Ecommerce Website

CHICAGO, March 18th, 2015 – Two months after reaching its crowdfunding goal on Indiegogo.com, couples vibrator ‘Slaphappy’ is now available on its own ecommerce website, Slaphappy.com. Slaphappy follows inventor Brian Sloan’s successful launch of his blowjob machine, the Autoblow 2.

the-slaphappy-is-apparently-the-swiss-army-knife-of-vibrators_1CHICAGO, March 18th, 2015 – Two months after reaching its crowdfunding goal on Indiegogo.com, couples vibrator ‘Slaphappy’ is now available on its own ecommerce website, Slaphappy.com. Slaphappy follows inventor Brian Sloan’s successful launch of his blowjob machine, the Autoblow 2.
Slaphappy is a 6.5 inch-long bendable waterproof clitoral and G-spot vibrator made of medical-grade silicone. Because its flat, it can also be used as a spanking implement! Slaphappy runs on 2 AAA batteries, is virtually silent, and retails for $49.95. A cartoon video shows Slaphappy’s finer points.
Buzzfeed was one of the first news outlets to introduce consumers to Slaphappy, and it featured Slaphappy’s infomercial style pitch video. Refinery29 noted that “with its ability to transition smoothly from a solo vibe to a couples’ toy to a hand-saving makeshift whip, you’ll get more than your money’s worth.” Betabeat praised Sloan’s “innovative idea to make a vibrator with as many different shapes and features as possible.”
 “After launching the Autoblow 2 for men, I wanted to make something for women, because I like women. If I had a vagina, I wouldn’t really enjoy the fact that I had to buy 10 different vibrators to get the job done. So I made something that rolled the functionality of a drawer full of vibrators into one small toy”, said Sloan.
For more information, visit Slaphappy.com.
For media samples, email: Bsloan@vieci.com
About SLAPHAPPY:
Chicago-born Brian Sloan, creator of the Autoblow 2, Mangasm and Ladygasm brands of adult toys, has built the ultimate bedroom tool for women and couples: Slaphappy. Now available on Slaphappy.com, Slaphappy combines the features of a clitoral vibrator, a g-spot vibrator and a paddle all into one convenient product.
MEDIA CONTACT:  BSG PR / 818.340.4422 / brian@bsgpr.com  / Twitter: @bsgpr
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Colorado Proposes Crowdfunding Act

Flag-of-ColoradoColorado this week became the latest state to attempt to speed up the process for ordinary residents to invest in a private start-up company.

The proposed Colorado Crowdfunding Act would open up the potential pool of investors that start-ups can approach for funding.

By law, only accredited investors can buy stock in a private company today, and such investors must make at least $200,000 annually and have a $1 million net worth.

The bill allows any Colorado resident to invest up to $5,000 in a company without the need for accreditation.

“The challenge right now with a Colorado company trying to raise money is if they want to get outside investors, wealthy investors or venture capitalists, they have to go through such a labyrinth of securities laws and lawyers,” said bill sponsor Rep. Dan Pabon, D-Denver, during a press conference Wednesday. “The overwhelming cost and burden is on that particular business.”

Pabon’s bill would require the company and investor to be based in the state and that 80 percent of the proceeds of investment is spent here. House Bill 1246, introduced Tuesday, limits it to companies raising $1 million — or $2 million if they provide audited financial statements.

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