What is a “PIPR”? Private Issuer Public Raise

By Lauren Leibowitz, CrowdFundBeat Guest Contributor, Principal at 1st BridgeHouse Securities, LLC,

PIPR is an acronym for Private Issuer Public Raise. A PIPR (noun) is a private company that raises capital by soliciting investors publicly while relying on various SEC exemptions (i.e Reg D 506(c)) in order to stay private. Today, a public solicitation can occur online. Even though a private company is raising capital publicly, by claiming certain exemptions, will not be subject to public reporting requirements set by the SEC, which include public disclosure of financial statements and annual 10-k reports.



The ban of general solicitation on Reg D Private Placements was lifted as a result of the JOBS Act being signed by President Obama in April 2012. When it went into effect on October 23, 2013, a new category of exemptions, Reg D 506(c), became effective. PIPR is trademarked by eBarnRaiser, LLC. eBarnRaiser, LLC along with 1st BridgeHouse Securities, a FINRA member broker dealer, developed eBRCapital.com, a crowd financing platform that solicits and connects PIPRs with accredited investors. Title III which proposes Equity Crowdfunding is still pending SEC regulations as of today, but certain states have passed their own intrastate crowdfunding exemptions. Title IV which amended Reg A is now typically referred to Reg A+; makes it possible for an issuer to become public and as long as less than $50 million is raised (and certain other requirements are adhered to) then any investor, either accredited or unaccredited, may invest.

Crowdfunding is used as a general term when it comes to raising capital for a small business. It does not specifically make a distinction whether the funds are coming from a backer or investor, meaning whether the transaction is considered a regulated financial transaction. The non-regulated crowdfunding transactions are generally reward based. The participant receives a product made by the company, or receives a tee shirt or some other “reward” in exchange for making his investment. Donation crowdfunding where the backer receives nothing but the satisfaction of participating in a capital raise. Equity Crowdfunding (Title III- rules are still pending from the SEC) will allow an unaccredited or accredited investor to purchase a security (equity or debt) and become an investor in a small private business. Title II (Private Placements via Reg D 506(c)) and Title IV (Reg A+) of the JOBS Act are considered types of crowdfunding, but are also generalized as crowdfinancing to differentiate itself from crowdfunding. There are very different rules and regulations when it comes to raising capital using these new exemptions. Only accredited investors can participate in a Reg D 506(c), while accredited and non-accredited investors can participate in a Reg A+ transaction.


eBRCapital.com is powered by 1st BridgeHouse Securities, a FINRA member broker dealer and is helps companies manage their capital raises using by becoming a PIPRs. eBRCapital brings the capital raising and investment banking process to the digital world while expanding the universe of potential investors. If you are interested in raising capital for your private company or investing in private companies visit eBRCapital.com and contact 1st BridgeHouse Securities at Info@1stBridgehouse.com

Lauren LeibowitzPrincipal at 1st BridgeHouse Securities, LLC,

images (1)



Tags: , , , , ,


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

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

ChronicleLiveNo need for banks as North East businesses turn to crowdfundingChronicleLiveWhile the Distillery's fundraising campaign was undoubtedly a success, not every business gains the same level of support from the public. According to Dianne Sharpe, the CBI's former No [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

Coindesk (press release) (blog)Crowdfunding Giant Indiegogo Opens to ICOs - CoinDeskCoindesk (press release) (blog)The startup revealed today that, through an existing partnership with MicroVentures, it will begin offering services to projects seek to use the blockchain funding model. [...]

CFB Finance


  • 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 |