CannaFundr Merges | Crowdfunding and Cannabis | MJINews

The spirit of the JOBS Act is strong, though its flesh (that is, its actual implementation) is weak. However, the spirit of that 2012 enactment may have just created an important new conduit for the movement of cash into the growing legal cannabis industry in the United States. The Act, known as the Jumpstart Our Business Startups Act, signed into law by President Obama in April 2012, came into being in large part to encourage crowdfunding, the specific subject of its Title III. Crowdfunding itself, the practice of raising money for entrepreneurial ventures from large numbers of people, often in small amounts per person, a practice generally these days accessed via the internet, predates the JOBS Act, but Title III tries to achieve the act’s titular “jumpstart” by virtue of making this easier. Daniel Broderick, writing as an HSBC contributor in Forbes, recently estimated that the size of the crowdfunding market jumped over $5.1 billion in 2013.   One Industry at a Time In that context, CrowdFund Connect seeks to bring small and medium sized startups from a number of industries to its widened investor base, one industry per platform, one platform at a time. The legal cannabis industry has recently received its time, and now its platform. Randy Shipley, the cofounder and chief executive officer of CrowdFund Connect, recently spelled out the company’s history. He said that CrowdFund Connect began life with the name SocialGravity, an integrated platform-as-a-service (paas) that aimed at connecting donors with non-profits via crowdfunding. Shipley and his partner, Vincent Pitetti, shifted their focus in late 2012, soon after the JOBS Act became law and crowdfunding became a mainstream investment strategy. Shipley and Pitetti incorporated CrowdFund Connect with its present name in 2013. Shipley said that “the sites that we’ve launched” under this umbrella since that time, “haven’t really used the JOBS Act since that has yet to be implemented by the SEC.” They make use instead of earlier legal and regulatory mandates to the same crowdsourcing end, though acting in the spirit of the unimplemented law. In May 2014, Shipley and Pitetti launched Healthios Xchange, a marketplace for private equity in the healthcare space, as their first such venture. In the months since, this site has raised more than $350 million for 40 companies.

Source: CannaFundr Merges | Crowdfunding and Cannabis | MJINews


Can Crowdfunding Help Establish the Benefits of Medical Marijuana? | Cannabis Now

Cannabis has been used for centuries for medicinal purposes by various civilizations. Despite this fact, the U.S. Federal Government has classified it at the highest level, making scientific research extremely difficult to perform. Currently the public’s view on cannabis is changing and now over 30 states allow some type of cannabis based products for medical use. While this is certainly a step in the right direction, for cannabis to be truly considered a medicinal drug, guidelines for its use must be established. When doctors prescribe drugs to help improve our health they always tell you when and how much of it should be used to alleviate your symptoms. Currently the bulk of medical professionals are unable to give any such guidelines when they sign off on medical marijuana cards. Determining how and what cannabis based products medical professionals recommend to patients are of critical importance to legitimizing medical marijuana. This point was prominently made during a recent government meeting sponsored by several institutes from the National Institutes of Health, Marijuana and Cannabinoids: A Neuroscience Research Summit, that convened in late March. One of the attendees, Dr. Thorsten Rudroff, is a researcher for Colorado State University. Dr. Rudroff’s study centers around improving quality of life and fatigue in clinical populations, most notably multiple sclerosis. He estimates that about half of people with MS in Colorado are using some form of cannabis to help alleviate symptoms of their disease. While several studies have shown great improvement in pain management and spasticity, or uncontrolled muscle spasms, he says there are still a lot of unknowns about the benefits and negative side effects of cannabis for symptom management. When it comes to determining which products/strains help people with MS the most Rudroff says: “We observe a very expensive trial and error process for persons with MS.” In Colorado, there are more than 2,500 marijuana business licenses in Colorado and more than 600 of them are for dispensaries. That means that there are more dispensaries in Colorado than Starbucks and McDonald’s combined — and the numbers keep growing.

Source: Can Crowdfunding Help Establish the Benefits of Medical Marijuana? | Cannabis Now

Crowdfunding 2.0: Even You Can Invest in the Next High-Growth Startup

Crowdfunding—an online method of soliciting money from the general public for a business, project, or cause—is about to go through a seismic shift. And it could mean insane profits for some investors—profits that were previously unattainable due to government regulations.

We are talking about the potential for the kind of jackpot enjoyed by early investors in high-growth startups like YouTube and Facebook. We’ve all heard stories about the lucky janitors who cashed out on equity after an IPO or acquisition and bought million-dollar homes and a porsche, or two, or three.

For the fact that millions of crowdfunding investors have been shut out of this opportunity until now, one does not have to look back very far for a lesson in extreme disappointment.

Virtual reality technology company Oculus VR, Inc., which manufactures the hotly anticipated Oculus Rift headset, raised $2.4 million on the popular crowdfunding site Kickstarter, largely from the gaming and developer community it serves.

When Oculus VR was acquired by Facebook for $2 billion, its more than 9,000 crowdfunding supporters who helped launch the company got nothing.

Source: Crowdfunding 2.0: Even You Can Invest in the Next High-Growth Startup

Hacking the Startup Fundraising Matrix — Medium

“The Matrix is the world that has been pulled over your eyes to blind you from the truth.” — Morpheus The Big Idea Contrary to what you may believe, there is a proven formula for raising capital. It’s what the world’s best CEOs and expert fundraisers have been using for decades. And now with fundraising and investing moving online, this formula can be amplified, and exponentially more valuable to you. As we’ve shared this formula with founders raising on Crowdfunder, the data shows that those who follow this formula raise ten times the amount of investment as those who don’t. Founders who follow the formula on Crowdfunder attract $240,000 (founders who don’t raise only $24K). Founders who follow the formula close money 50% of the time from interested investors, whereas founders who don’t close less than 10% of the time. I will show you how to hack this matrix, but first you need to understand what the agents are doing… The Quantification of Startup Finance “Never send a human to do a machine’s job.” — Agent Smith Last year in 2014, over 70,000 startups got $24 Billion in seed funding from 300,000 investors. The number of funded startups has doubled since 2002; and the data shows that even when total investment dollars drops — as it did during the 2008 financial meltdown — the number of startups getting funded (as well as the number of investors) has steadily increased each year.

Source: Hacking the Startup Fundraising Matrix — Medium

RallyMe Crowdfunding Sports

rallyme_logoYou’re not just playing around, and neither are we. You believe that passionate participation in sports is more than just a game; it’s a damn good thing. Good for you, your kids, your neighborhood, and your community. Sports change lives by bringing us hope while they teach us priceless lessons in character and commitment. Through sport we learn how to set goals to overcome adversity and achieve greatness. We become better, healthier humans.  It’s what we wish for our children, and our communities. We know that for 40 million young athletes the lessons of sports can’t be taught as well anywhere else, but those positive sports experiences are threatened by ever increasing costs. We’ve got your back on this. We’ve dedicated our lives to the fight.  We are parents of athletes, we are coaches, and we are lifelong athletes too. We’ve got a lot of skin in this game. RallyMe isn’t some Silicon Valley, venture-capital-funded, get-rich-quick scheme. We are here because we believe in the vision —  that no athlete or team should ever have to give up their dreams because of a lack of funds — and we know how to help.   Unlike general-interest crowdfunding sites that have to serve a zillion different kinds of fundraisers, we built RallyMe specifically for you, the sports community. All the logic, the algorithms, the tools and the language is written for you and your Boosters.  The result? RallyMe simply works better than the one-size-fits-all crowdfunders. Online funding relies on connecting with your community and RallyMe helps you speak to the sports community in the language that brings results.  RallyMe’s average contribution is 33% higher than contributions to general interest online fundraising sites. There’s a reason RallyMe has been the choice of thousands of young athletes, teams and hundreds of Olympic hopefuls.  There’s a reason the top sports organizations have partnered with and endorsed us.  There’s a reason that youth sports team managers overwhelmingly prefer RallyMe.

Source: Why RallyMe?

10+ Best Crowdfunding WordPress Themes

crowdfunding-thumb1This is a collection of the best crowdfunding WordPress themes. Crowdfunding (alternatively crowd financing, equity crowdfunding, or crowd-sourced fund raising) has really grown in popularity as a method of raising money on the internet. With the huge reach of the web individuals and organizations can use crowdfunding to raise funds for all types of projects and activities. If you want to create your own niche crowdfunding community website similar to the likes of Kickstater, Indiegogo or Crowdfunder, the themes below are a great solution. Or if you simply need to build a small website for a single crowdfunding project you’d like to raise money for there are also suitable themes. Below we list 10+ excellent crowdfunding WordPress templates that will help you build a professional crowd funding website quickly, easily and cheaply. Stellar

Source: 10+ Best Crowdfunding WordPress Themes

The State of Crowdfunding in the Cannabis Industry – Lexology

Financial_MoneyPotLeafFirst Canadian Marijuana Crowdfunding Platform Launched On March 2, Ascenta Finance Corp., a licensed exempt market dealer, and KoreConX Corp., a company that specializes in crowdfunding, launched Bay Street Cannabis (“Bay Street”), Canada’s first online equity crowdfunding portal dedicated to the cannabis sector. Bay Street provides public and private legal cannabis and cannabis-related businesses with access to investors. Like the U.S., Canada’s laws have recently made it possible for Canadians to purchase securities of cannabis companies. The Canadian cannabis sector is clearly moving into the future financing, but what about the U.S.? What is Crowdfunding? In its simplest form, crowdfunding is raising money in small amounts from a large number of people. Various forms of crowdfunding have developed in recent years, including donation-based crowdfunding, rewards based crowdfunding and equity based crowdfunding. Donation crowdfunding entails asking a large number of contributors to fund a project or charitable cause. Rewards-based crowdfunding involves seeking contributions from a large number of people but offering a reward of some sort in exchange, for instance an investor in a bed and breakfast might receive a vacation package in exchange for a donation of a certain amount. Equity crowdfunding differs from the previously described variants because it involves business owners giving up a percentage of their ownership in their company in exchange for funding. Equity crowdfunding allows businesses to gain access to serious investors on a scale that the other types of crowdfunding do not. In the U.S., there are three types of equity crowdfunding. The first type allows accredited investors to view private investment opportunities on a password-protected website. The second type of equity crowdfunding allows businesses to raise an unlimited amount of capital from an unlimited number of accredited investors. The final type of equity crowdfunding allows unaccredited investors to participate in securities offerings. There are more regulatory requirements for companies that allow crowdfunding by unaccredited investors because these investors are typically not as sophisticated as accredited investors. State of Marijuana Crowdfunding in the U.S. The crowdfunding space in the U.S. has not yet seen the entrance of an institutional investment firm, instead the landscape consists of a few legitimate equity crowdfunding offerings and platforms and various donation-based crowdfunding websites. Equity Crowdfunding Regulation D Offering In 2014, CannaFundr, the first cannabis investment crowdfunding platform was launched by CrowdFund Connect. CannaFundr is open to accredited investors and syndicates investments so that investors can participate for a minimum investment of $2,500. JOBS Act, Regulation A+ Offering In late 2015, Med-X, Inc. (“Med-X”), a company that produces cannabis-related products, became the first cannabis company to launch a Regulation A+ equity crowdfunding campaign. Med-X representatives report that the company has raised over $1 million from over 600 investors to date.

Source: The State of Crowdfunding in the Cannabis Industry – Lexology