CrowdFund Beat 2014 : Person of the Year – OurCrowd CEO Jon Medved

CrowdFunding Beat Media. By Desk editors 

ourcrowd sponsor promo code Register for   ourcrowd 

3rd Annual Silicon Valley Crowdfunding Conference on March 5th-6th.

2014 will be remembered as when “Crowdfunding” became a formal entry into the lexicons of financial services and social media.   A beacon of the “sharing economy”, crowd finance has evolved from meager online intermediation of a wishful funding for the a starving artist, to now an industry that has yielded two multi-billion dollar public offerings with more to come.   Certainly, the industry is gaining steam in various genres of finance – be it perquisite, corporate or real estate – and we expect 2014 to witness nearly $5 billion of successful crowd financed offerings.

While there are still hopes for accelerated growth, there are still challenges.  The term “crowd” initially intimated natural persons participating, and probably non-accredited investors, as pursuant to Title III of the JOBS Act.  Well, the make up has changed as this mode of finance is increasingly becoming institutionally oriented, at least for those that are pursuing securities-based offerings.  Further, we are seeing various business models begin to pivot, as the basic intermediation model is a bit more complicated and given the nature of what’s required, can such platforms create sustainability? We have also expected that broader participation of investing would take place through this online, even panoptic, platform, but most are still highly localized. Is this a global phenomenon with global participation?   The technology is there, but can we see the potential in action.

With respect to CFB’s Person of the Year, there were many notable individuals, each influencing the events of the year, and rightly could have been recognized.  From the Vermut/Suber team at PROSPER for its turnaround, or Renaud Laplanche and the successful Lending Club growth and IPO. The Miller brothers at FundRise with their $45 million venture round led by social media platform RENREN, underscoring the convergence of financial services and social media.  How about Mike Cagney at SoFi taking on the Student Loan market?  Certainly there were the folks at OnDeck, AngelList, many of the infrastructure parties, SEC officials and those in the press, including CFB, that press the words to foment the continuation of the buzz.

 ourcrowd-300x178

But, with all that said, we concluded that one individual has really emboldened the vision for crowd funding.  As such, our crowdfunding person of the year is  Jon Medved.   Mr. Medved had been a long-standing venture capitalist based in Israel, and has invested globally for decades.  With the view of where this financing concept may go, he founded OurCrowd, which has become one of the most active and successful sites in terms of deploying early stage capital to aspiring technology firms.  We recognize Jon and his efforts with OurCrowd as they have developed a business model which, given our suspicions on many, makes sense, allows the “crowd” to play, but has an approach dissimilar to others.

Leveraging his relationships and venture investing background, the OurCrowd model is analogous to a “just-in-time” venture fund, where OurCrowd puts up direct capital as the lead investor, and then invites the crowd to participate as follow on investors.   Certainly, there are costs to the “crowd” such as incurring a management fee as well as OurCrowd carried interest, but fees and carries are on a deal by deal basis and there is no management fee for committed but undeployed capital.   Additionally, Mr. Medved and team has commenced a global expansion, setting up offices in Australia, Europe and the United States, pursuing the power of the crowd in terms of where deals originate as well as where investors have appetite.  So with both a funding model to engage the crowd with “smarter investing”, and then tapping into global audiences, Our Crowd characterizes what “crowdfinance” was meant to do.

A captivating speaker, Mr. Medved has graced many conferences with his inimitable wit and vision for crowdfunding done “his way”.   So far, we are impressed and supportive of Mr. Medved and his Our Crowd endeavor.  We believe he exemplifies the thought leadership in the space and thus our recognition of him and his efforts.

WATCH: Jon Medved Keynote Speech at GLOBAL IMPACT AND POLICY UC BERKELEY SECOND ANNUAL ACADEMIC SYMPOSIUM 

“Equity Crowdfunding: The Next Wave of Innovation Finance”

Related: Silicon Valley & Rise of  Alternative Finance conference March 5th 2015 Agenda 

Tags: , , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

U.S. News & World ReportWhich Is Best: REITs or Real Estate Crowdfunding? | Real Estate ...U.S. News & World ReportIf you're seeking the benefits of investment real estate but not in the market for the expense and workload of buying and managing rental properties, real es [...]

ForbesSix Tips To Boost Your Next Crowdfunding CampaignForbesBefore we were able to do our first project as a nonprofit, we had this pesky problem of actually having the funds to do the work. We knew we needed a fundraiser, and we knew we needed to get creative since we had no money t [...]

Popular ScienceCrowdfunding helps women succeed in tech because venture capital won'tPopular ScienceBut there appears to be one haven for women in tech looking for investors: crowdfunding sites like Kickstarter and Indiegogo. On these platforms, which allow entrepreneurs to make [...]

WRAL.comPet treat startup raises 26K in crowdfunding campaignWRAL.comBy Kathy Hanrahan, Out and About Editor. Raleigh, N.C. — A pet treat startup, founded by two former tech guys, has met its goal - raising more than $26,000 through a crowdfunding campaign. Zookies Cookies was created [...]

WRAL Tech WireCrowdfunding landscape in NC offers other options | WRAL TechWireWRAL Tech WireRESEARCH TRIANGLE PARK – FundingStack from John Panaccione and Clem Seifert isn't the only effort to simplify the crowdfunding process in North Carolina. Mark Easley, a veteran investor a [...]

Italian Design Studio Is Crowdfunding Floating Solar-Powered City ...OilPrice.comAn Italian design studio, Lazzarini Design, has launched a crowdfunding campaign to kickstart the construction of a floating city consisting of solar-powered pyramids.and more » [...]

ForbesNeed To Fund Your Health Idea? How About Crowdfunding? - ForbesForbesCaringCrowd is an example of a platform to help crowdfunding for public health projects. What are the pros and cons and opportunities and pitfalls of crowdfunding?and more » [...]

BloombergOnline Real Estate Platforms Bring Crowdfunding to the Wealthy ...BloombergReal estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to [...]

Augusta Free PressCrowdfunding project aimed at creating autism-friendly environmentsAugusta Free PressWhen her children were young, Amy Azano avoided most events because her son, as a child with autism spectrum disorder, found them too loud and bright and crowded.and more » [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |