Monthly Archives: October 2015

SEC Proposed Rule Changes on Intrastate Crowdfunding

SEC Proposed Rule Changes on Intrastate Crowdfunding

CrowdFundBeat News Wire, Soon you will be able to invest in a startup even if you’re not rich. On Friday, the SEC finalized rules to give regular people the opportunity to make investments normally limited to big-money types. At the center of the change is the JOBS Act, which passed three and half years ago with bipartisan support… if you are interested in using equity crowdfunding on a local basis, a growing number of states have enacted exemptions within existing federal law that allow local small businesses and entrepreneurs to use crowdfunding to help grow their businesses by tapping into the crowd within their state’s…

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“Game Changer” Jobs-act Title III CrowdFunding

By William Michael Cunningham , CrowdFundBeat Media  Sr. contributing editor The US Securities and Exchange Commission voted 3 to 1 to allow small companies to raise up to $1 million online. Small firms and startups can now solicit anyone, regardless of their location, net worth or wealth, giving them a chance to invest in what may be the next Facebook or Google. It also means that the day care center or restaurant down the street can now offer ownership stakes, or shares of stock, to their most supportive customers and clients. This is great news for women and Black-owned firms, which tend to be small and capital starved. The SEC vote approving Title III of…

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Statement at Open Meeting on Regulation Crowdfunding and on Securities Act Rules 147 and 504

Chair Mary Jo White Oct. 30, 2015 Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on October 30, 2015, under the Government in the Sunshine Act. Today, the Commission will consider two staff recommendations for rules intended to increase companies’ access to capital within a strong framework of investor protections.  The first is a recommendation to adopt congressionally mandated rules under the JOBS Act that would permit startups and small businesses to raise capital by offering and selling securities through crowdfunding, the last of our significant rulemakings under the JOBS Act. The second is a recommendation to propose changes…

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DR. Richard Swart to Join NEXTGEN CROWDFUNDING as Chief Strategy Officer

CrowdFundBeat News Wire, Los Angeles, CA… Dr. Richard Swart, recognized as one of the top thought leaders in crowdfunding and alternative finance, with particular interest in its impact on social innovation and global challenges, will join NextGen Crowdfunding as Chief Strategy Officer. “With equity crowdfunding becoming available to everyday, un-accredited investors through Reg A+, and probably Title III in 2016, the timing of Richard joining NextGen Crowdfunding is excellent. We are pleased to have a recognized authority in crowdfunding on board as Chief Strategy Officer,” stated Aubrey Chernick, founder of NextGen Crowdfunding. “Over the last four years I’ve had the great pleasure of researching and…

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SEC Proposed Changes to Rule 147 and Rule 504 33-9973 [document]

SEC Proposed Changes to Rule 147 and Rule 504 33-9973 [document]

CrowdfundBeat Data Center , The SEC today also proposed amendments to Rule 147 and Rule 504.  The changes would facilitate intrastate crowdfunding and regional crowdfunding efforts. Rule 504 is also available to non-US resident companies that comply with the rule requirements.   SEC Proposed Changes to Rule 147 and Rule 504 33-9973

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[document] Final Title III Equity Crowdfunding Rules the SEC approved

[document] Final Title III Equity Crowdfunding Rules the SEC approved

By Alixe Cormick , special to CrowdFundBeat , Lawyer, Venture Law Corporation Attached are the actual final Title III Equity Crowdfunding Rules the SEC approved today.  The portal rules become effective January 29, 2016.  The other rules needed to conduct an actual transaction do not become effective until 180 days (6 months) after they are published in the US Federal Register. The SEC today also proposed amendments to Rule 147 and Rule 504.  The changes would facilitate intrastate crowdfunding and regional crowdfunding efforts. Rule 504 is also available to non-US resident companies that comply with the rule requirements. The DERA report released concurrently today reports on the US…

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SEC Finally Releases Rules For Equity Crowdfunding

SEC Finally Releases Rules For Equity Crowdfunding

By Kendall Almerico Chief Executive Officer at BankRoll Ventures The SEC has released rules for Title III of the JOBS Act giving us guidance as to how equity crowdfunding will be legalized. Nearly 3 years and 7 months after the game-changing law was signed by the President, the use of equity crowdfunding will be available to startups and small companies in 180 days.  And yes, the SEC did make the law workable for most startups and small businesses, despite critics believing it could not be done. With equity crowdfunding,  a company can raise up to $1,000,000 online on new equity crowdfunding portals from anyone in the general public. If…

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SEC Adopts Rules to Permit Crowdfunding FACT SHEET

SEC Adopts Rules to Permit Crowdfunding  FACT SHEET

CrowdFundBeat News Wire, Today was a monumental day in our industry. 3 1/2 years after the landmark passage of the JOBS Act, the SEC has finally approved the final rules for Title III!  What does that mean for the private investing market?  Well, as of January 2016, our vision of enabling retail investors to invest in the private securities market will become a reality! Proposes Amendments to Existing Rules to Facilitate Intrastate and Regional Securities Offerings FOR IMMEDIATE RELEASE 2015-249 Washington D.C., Oct. 30, 2015 —The Securities and Exchange Commission today adopted final rules to permit companies to offer and sell securities through crowdfunding.  The…

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A Watershed Moment?  Just maybe …

By Steve Cinelli , CrowdFundBeat Sr. Editor, @stevecinelli               For a country that has espoused entrepreneurialism, we may be on the verge of a new economic order of sorts with the formal institution of Title III of the JOBS Act. After a three year wait, it appears that a more democratic version of crowdfund investing may just be upon us. No longer will participation in privately held company securities’ offerings be restricted to those“with means”, but will shortly be opened to the masses. Fundamentally, this is only natural and sensical, as both our economy’s output and much of the wealth created has emanated from private…

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[document] SEC DERA reports on the US private placement market

CrowdFundBeat Data Center. See more report at https://crowdfundbeat.com/2014/08/01/crowdfunding-beat-is-1-source-for-data-analytics-research-reports/ The DERA report released concurrently today reports on the US private placement market.  Canada, Cayman Islands and Israel (in that order) account for the majority of the 20% of $1.3 trillion raised under Regulation D by foreign issuers in 2014.  There are also lots of other gems in the report well worth the time to read. SEC DERA Report on US Private Placement Market 2009 to 2014 Oct 2015 (1)

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Trick-or-Treat on Title III CrowdFunding

“WEBCAST” WATCH LIVE 10AM EST the SEC meeting  will be live-streamed   SEC’s Open Meeting Agenda Friday, October 30, 2015 The Commission will consider whether to adopt rules and forms related to the offer and sale of securities through crowdfunding under Section 4(a)(6) of the Securities Act of 1933, as mandated by Title III of the JOBS Act. http://www.sec.gov/news/openmeetings.shtml (Live link will be available here 5-10 minutes before the start of the meeting.)

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SEC Open Meeting Oct. 30, 2015

Regulation Crowdfunding SEC Open Meeting Oct. 30, 2015 Action The Securities and Exchange Commission will consider whether to adopt final rules that would allow the offer and sale of securities through crowdfunding. The recommended rules would give small businesses an additional avenue to raise capital and provide investors with important protections. If adopted, this would complete the Commission’s major rulemaking mandated under the JOBS Act. Highlights of the Recommended Final Rules The recommended rules would, among other things, enable individuals to purchase securities in crowdfunding offerings subject to certain limits, require companies to disclose certain information about their business and securities offering, and create a…

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HEADLINE NEWS

The VergeDonald Trump's terrible crowdfunding site was a microcosm of his political careerThe VergeAnd from the beginning, the site had Trump's populist edge. Zanker boasted that “the reign of Kickstarter's Brooklyn hipsters is over,” referring to Kickstarter's New [...]

FortuneCrowdfunding: Women Better at Raising Money Than Men Are ...FortuneA new study has found that women are generally better than men at crowdfunding.Women are better at crowdfunding than men, shows study | The ...The IndependentWhy women join the crowd: Gender gap in bank lending, [...]

Wired.co.ukAfter budget cuts, Museums are crowdfunding to preserve historyWired.co.ukIn 2015, the Smithsonian National Air and Space Museum in Washington, D.C. launched its very first crowdfunding campaign to 'Reboot the Suit'. The idea was to raise much-need funds to conser [...]

Yahoo SportsCan crowdfunding save women's college hockey?Yahoo SportsOn Thursday, Million and the WCHA announced a crowdfunding initiative through RallyMe.com that allows supporters to make tax-deductible donations to the League. RallyMe is a crowdfunding site that's been ut [...]

ForbesCrowdfunding's Death Has Been Greatly Exaggerated - Creators Ship, Especially In ChinaForbesBased on recent media reports, it looks like crowdfunding is now in the "disillusionment" phase of the famous Gartner hype cycle, after peaking a few years back. I will arg [...]

How Women Trounce Men When Raising Seed Crowdfunding CapitalForbesMale entrepreneurs may account for the majority of business owners raising finance on crowdfunding platforms in the UK, but their female counterparts are far more likely to get the support they seek, new research shows. [...]

Grand Forks HeraldWomen's WCHA launches crowdfunding campaign to improve leagueGrand Forks HeraldThat mindset led the WCHA to announce a crowdfunding campaign Thursday, July 20, to help fund the league's expenses and lessen the financial burden of the seven remaining schools [...]

Gamasutra (blog)Gamasutra: Anti Danilevski's Blog - The problems of crowdfunding ...Gamasutra (blog)The Art & Business of Making Games. Video game industry news, developer blogs, and features delivered daily.and more » [...]

Woman turns to crowdfunding to publish cookbookOntario Argus ObserverVALE — While she was growing up in Vale, Allison Brewer says she learned how to cook for family and harvesting crews. Receiving many requests for written recipes combined with her passion for old-style cooking and ba [...]

CNBCAfrica.comCrowdfunding changing people's livesCNBCAfrica.comCNBC Africa's Tshepho Modiba is joined by Mosa Nyamande, Head of Operations and Technology at Khonology for a look at Crowdfunding, a method used to collect many small financial contributions by tapping into the [...]

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