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10 Years of Investment Crowdfuning: Past, Present, & Future
Category : Crowdfunding
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Apr 8, 2022: NCFA's Fintech Fridays podcast episode 57 10 Years of Investment Crowdfunding: Past, Present & Future Since the JOBS Act Duration: 92mins About this episode: 10 years ago in 2012, the Jumpstart Our Business Startups Act (JOBS Act) was signed into law in the U.S. (and eventually a similar exemption was approved in Canada) to encourage more capital to flow to startups, support innovation, and, create jobs. It's significance cannot be understated as the rule change allowed private companies to raise capital by selling securities digitally for the first time via registered online platforms and dealer-brokers. Regulation crowdfunding also democratized previously excluded retail investors (non-accredited) by allowing them to invest directly in startup ventures empowering a new era of digital finance. A tremendous amount of advocacy and regulatory change efforts took place to make this happen, and since then, the original JOBS Act rules were improved for investment crowdfunding in the U.S., such as increasing the fundraising cap from US$1 million to US$5 million (not in Canada though, we've asked for years ahem). But there are still many challenges and myths to be debunked. While venture financings are at an all time high in sectors like fintech, it does not mean that startups are awash with capital. While there is growing interest among retail investors to participate directly in these offerings, and take control of their investment future, education and awareness still remains a top priority if industry is to grow in the right ways. Having said that, in the United States, RegCF recently surpassed $1billion raised. Canadian figures are more modest with at least CA$100 million in equity financings raised on a leading platform. Today there's also a JOBS Act 2022 proposal on the table but will these changes be sufficient to support evolving technologies and their capabilities while also protecting investors? Regulatory change is slow and regulators should support innovation and competition. All stakeholders need to continue to support efforts to make capital markets whole, so EVERYONE can benefit from the advancements in technology or the wealth gap will continue to widen. This is a not to be missed episode for anyone interested in the past or future of digital finance and capital markets. Join investment crowdfunding pioneers in both Canada and the U.S. who discuss the 10 year journey from a wide variety of perspectives including the evolution of first generation marketing platforms to the arrival of second generation decentralized finance models powered by blockchain technologies. Timestamps: 00:00:00 NCFA Fintech Fridays Intro 00:00:17 Craig Asano, NCFA Canada 00:02:06 Andrew Dix, Crowded Media Group 00:02:49 Sherwood 'Woodie' Neiss, Crowdfund Capital Advisors 00:03:32 Kim Wales, CrowdBureau Corp 00:04:23 Alixe Cormick, Venture Law Corporation 00:04:13 Peter-Paul Van Hoeken, FrontFundr 00:05:48 Alan Wunsche, Tokenfunder 00:08:21 RegCF advocacy (SEC, Congress, White House) 00:10:47 Designing the framework 00:11:58 Purpose of the JOBS Act 00:15:10 Road to Equity Crowdfunding in Canada: Change is hard (and long) 00:26:22 Blockchain finance: education and regulatory challenges 00:33:38 Crowdfunding’s Impact and opportunity: first US$1 billion 00:38:39 RegCF to digital finance 00:41:57 Evolution of digital finance Gen1 to Gen2 00:49:23 Digitalizing private capital markets 00:55:03 Ontario’s exemption 45-108 setup to fail 00:59:46 JOBS Act 2022 bill proposed to improve rules in the U.S. 01:00:10 Canada harmonizes equity crowdfunding rules Sep 2021 01:04:00 Educating regulators 01:06:00 Regulators need to support innovation and competition 01:09:00 Financial inclusion 01:11:00 Canadian ECF $100 million and beyond 01:17:00 Decentralized Finance is the future 01:19:00 Convergence and reducing wealth gaps 01:23:00 Regulatory culture change and sandbox 01:25:00 Capital markets need to work for everyone 01:30:00 Closing remarks Subscribe to NCFAs weekly newsletter Speaker Links:
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5 Responses to Featured Videos

  1. NCFA says:

    Hi Edward, thanks for your question. Please understand that NCFA is portal agnostic however check out the Canadian Crowdfunding Directory for a current list of portals all the best, CA

  2. Edward says:

    To look at your perspective on what would be the most appropriate site to source crowdfunding for health business related business venture.
    The funding is for development stage.


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