Posts Tagged ‘ Intrastate CrowdFunding ’

Intrastate Crowdfunding After Title III

Intrastate Crowdfunding After Title III

By Mark Roderick , CrowdFund Beat   Sr. Guest  Contributor, @CrowdfundAttny.       On one hand, the SEC just proposed several changes to Rule 147 that will make intrastate Crowdfunding easier: We used to worry, at least a little, about the language in Rule 147 saying that you couldn’t offer securities to anyone outside the state. How does this work when your offers are made with the Internet, we wondered? The SEC just proposed eliminating that requirement. If you were doing an intrastate offering in Texas, Rule 147 used to require using a Texas entity – not Delaware, for example. No more. If you’re doing an intrastate offering in Texas,…

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Texas Securities Board approved rules for crowdfunding

Texas Securities Board approved rules for crowdfunding

By Maria Halkias, Texas has become the latest state to allow small businesses and startups to raise money within its borders from mom-and-pop investors. The Texas Securities Board on Wednesday approved rules that govern intrastate crowdfunding that eliminate wealth and income requirements for investors. The vote was confirmed by Texas Securities Board spokesman Bob Elder, who said the rules will probably be in effect in November. Related article: What exactly does Texas Intrastate Crowdfunding Look Like? The number of people who can now invest some of their savings in new Texas businesses has just ballooned to include the 20 million adult residents in Texas. Not…

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Intrastate CrowdFunding Update

Intrastate CrowdFunding Update

By Anthony Zeoli,  CrowdFunding Beat guest contributor, While the industry waits for Title III crowdfunding rules to be released, the intrastate crowdfunding movement continues to move forward (as a whole). Here is a brief update as to the status of the enactment/use of intrastate crowdfunding exemptions in certain states. STATE OF THE STATES: An Update On Intrastate Crowdfunding While the industry waits for Title III crowdfunding rules to be released, the intrastate crowdfunding movement continues to move forward (as a whole). Here is a brief update as to the status of the enactment/use of intrastate crowdfunding exemptions in … TEXAS – Unlucky Number 13 As many…

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Recent Developments of Michigan Intrastate Crowdfunding

Recent Developments of Michigan Intrastate Crowdfunding

By Irene Tordera, In the last couple of years , while waiting for Title III to be eventually released by the SEC, several US states adopted intrastate crowdfunding laws, which allow companies to raise capital through local securities crowdfunding portals. Among them there is Michigan, whose securities crowdfunding exemption allows resident issuers to offer securities only to local  investors, like it also happens in other states. The Michigan Invests Locally Exemption (MILE), was signed by Michigan governor last December. The exemption permits an issuer to sell securities to non-accredited investors and utilize general solicitation if specific requirements are satisfied. In particular, the requirements include the following:…

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Intrastate Crowdfunding

by Irene Tordera, It has been over two years since the JOBS Act was passed, but famous Title III, which would allow crowdinvesting, has not yet been approved. While the entire US crowdfunding scene waits for the SEC to release the final rules, some states decided, in the meantime, to enable crowdinvesting within their borders. Intrastate crowdfunding is a wider phenomenon than one could expect: according to Wikipedia, currently “thirteen (13) states have intrastate crowdfunding exemptions in place and fourteen (14) states are in various stages of enacting/considering sponsored legislation regarding such intrastate crowdfunding”. The first state to adopt equity crowdfunding exemptions was Kansas, back in…

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The Future of Intrastate CrowdFunding

The Future of Intrastate CrowdFunding

CrowdFund Beat News Wire This Report shows state activity with respect to allowing intra-state CrowdFunding. It spans the gamut from enacting legislation, all the way to taking no action. Some state assemblies are amending existing regulations, proposing new legislation, instituting administrative rules and actively considering what to do after the SEC rules are final. Specifically, the responses we received from state offices that regulate securities indicate the following: 1. Four states have amended or passed new regulations to cover CrowdFunding. Georgia: The State Securities Division promulgated new rules known as the Invest Georgia Exemption (“IGE”). Kansas: Office of the Securities Commissioner adopted new rules known…

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HEADLINE NEWS

Los Angeles TimesCrowdfunding campaign's goal: Buy Twitter, then ban TrumpLos Angeles TimesFormer undercover CIA agent Valerie Plame Wilson is looking to raise enough money to buy Twitter so President Trump can't use it. Wilson launched the crowdfunding campaign last week, t [...]

ForbesHow One Startup Raised 10 Times Its Original Crowdfunding GoalForbesRunning a successful crowdfunding campaign isn't easy. The odds are heavily stacked against you, as very few end up succeeding. "Statistically, up to 89% of campaigns fail. Kickstarter has the highest [...]

ForbesThe Ultimate Pre-Launch Crowdfunding ChecklistForbesCrowdfunding is not limited to the platform where you launch your campaign. Instead, it has become a valuable way to transform your idea into a mainstream business. In order to head in that direction, you must execute a number [...]

SCORE: Dos and don'ts for crowdfunding small businessesPost-BulletinI shared in my last week's column that financing was a common issue small-business clients bring to SCORE mentors. A reader from that column emailed me and said, "You mentioned crowdfunding as an option [...]

ForbesCrowdfund Strategies - Mifold Hit Gold On Indiegogo But It Was VC And Angel That Made It PossibleForbesFast forward to 2015, and Sumroy is launching his product – now dubbed Mifold – on the Indiegogo crowdfunding site. “July 14 was the most exciting day of my life,” he recalls. [...]

Wicked Local LexingtonKids' tech literacy crowdfunding campaign a successWicked Local LexingtonResponding to a crowdfunding campaign by the Cary Memorial Library Foundation to raise $5,000 in five weeks, 82 generous Lexington donors and others helped surpass the goal, giving more [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Digital Arts Media Network, Inc. Purchases An Equity Stake in Cannabis Crowd Funding Company, Fundanna, Inc.Nasdaq23, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has c [...]

WFAAMore Dallas teachers turn to crowdfunding for classroom suppliesWFAATight budgets mean more Dallas area teachers are seeking out crowdfunding options to obtain the supplies their students need. The site DonorsChoose.org featured 371 active projects marked "urgent" for Da [...]

Eater LondonFat Macy's Launch Crowdfunding Campaign to Open Restaurant in PeckhamEater LondonFat Macy's — a food social enterprise which aims to train young Londoners living in temporary housing — have launched a crowdfunding campaign. Their aim is to raise £55,141 to fund a [...]

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