I received an email from my most esteemed colleague, friend & mentor David Marlett, JD and I wanted to repost this along with my highest recommendation to anyone, especially film makers who are trying to navigate the choppy waters of crowdfunding for their own projects or initiatives. It has been my pleasure to serve under David at the National Crowdfunding Association and I can think of no one more qualified to consult with companies or individuals who are seeking outside assistance.
Crowdfunding Consultation on Success-Fee Basis!
Seeking clients on success-fee basis to help crowdfund their projects, especially film projects. For all film projects, please submit through www.BlueRunCrowdfund.com . For all other projects, please contact me directly at dmarlett@CrowdfundInternational.com.
David Marlett, JD CPA
writer / producer / director
You’d think a vacancy at the top at the Securities and Exchange Commission would cause further delays in new regulations implementing crowdfunding and other provisions of the JOBS Act.
But that may not be the case, according toKaren Kerrigan, who heads the Small Business & Entrepreneurship Council and helped lead the push on Capitol Hill for the JOBS Act.
This legislation was enacted in April to make it easier for entrepreneurs to raise capital. The SEC, however, has beendragging its feet on issuing the regulations needed to make the law’s provisions a reality.
SEC ChairmanMary Schapiro announced yesterday that she will leave the agencynext month. That could be be good news for crowdfunding regulations, Kerrigan said, especially since Schapiro never seemed to embrace this innovation, which will allow businesses to raise capital by selling equity to lots of investors through Internet intermediaries..
“Perhaps new leadership — even if it is an interim leader — will breath some enhanced productivity and energy into the SEC’s work,” Kerrigan said. “At the staff level, the SEC is very engaged on JOBS Act provisions, and with the right signal and leadership I think the process can accelerate.”
SEC CommissionerElisse Walter will serve as the agency’s interim chairman until Schapiro’s replacement is named by President Barack Obama and confirmed by the Senate — a process that could take months. Walter, however, appears to be more crowdfunding-friendly than Schapiro.
Crowdfunding advocates “showed up in force” at a Nov. 15 SEC forum on how to improve access to capital for small businesses, Kerrigan said.