Search Results for: equity crowdfunding

How I Raised $1 Million in 30 Days with Equity Crowdfunding

Entrepreneur | Murray Newlands | Dec 3, 2019

equity crowdfunding funding - How I Raised $1 Million in 30 Days with Equity CrowdfundingYou can raise a million, too. Here's how to be successful with equity crowdfunding.

There's an art to raising money for a startup. I recently joined Commerce AI as Chief Strategy Officer, and my role has two main functions: fundraising and marketing. My goal in the first 30 days was to raise a million dollars from crowdfunding. This can be a viable goal for your company as well. Here’s how.

Equity crowdfunding

Under the Jumpstart Our Business Startups (JOBS) act, there are a number of routes to crowdfunding. The starting point is a Form C round, which in essence means you can raise $1.07 million per year -- yes per year -- from non-accredited investors. This means anyone can invest over $250 at a time. This time we worked with accredited investors only but most people will start with a Form C round.

Architecting a New World: Investment Crowdfunding and Digital Assets

This model is like Kickstarter, but you give backers equity rather than a product. The equity can be a convertible note, a safe note or a fixed price round. If your goal is to raise more than $107,000, an independent CPA must review your company's financials for the past two fiscal years, or since incorporation.

Aligning the stars makes millions

You need to make sure that your startup is ready for fundraising. Smart investors on crowdfunding platforms look for a few key factors, and we had some of those.

It is all about the story. Investors want to invest in a company that is going to be a billion-dollar company. Do you have a credible path to becoming a billion-dollar company? For example, our CEO and founder had a successful previous exit. People like to back winners.

A strong team is also important. Ours is comprised of Stanford and MIT PhDs who have been working on AI technology to solve really hard problems.

Initial product/market fit is another thing investors want to see. We already had substantial revenue from major brand name customers like Unilever, Walmart, Rakuten, USPS, Chanel, Midea, Netgear, Cisco, and Coca Cola.

A sales process that’s growing that list of customers is also a big plus. We were nearly at break-even last quarter, which assured our investors that their money is safe with us.

No company can have all the boxes checked. But the more positive signals you have for investors, the better. Investors want as close to a sure thing as possible.

When fintech met crowdfunding

Creating a winning campaign

Several good equity crowdfunding platforms are available, such as StartEngine and Republic. We chose to use SeedInvest.

It’s important to create a convincing writeup and video explaining what you do and why people should invest. You should think of this as a landing that advertises your product, only you’re selling to investors rather than customers.

We focused on selling the opportunity and potential of the company, not the product. You might have an ingenious widget, but will your business become a billion-dollar company? It’s a big market out there, and investors need to be convinced that you’re going to be the winning business.

Pre-seeding the campaign

Because investors like to follow other investors, we pre-seeded a winning funding campaign. How? We had some investors with larger checks lined up to invest in the campaign. This enabled us to show strong initial traction when we launched. It also helps that crowdfunding platforms highlight companies that are gaining traction. This leads to attracting even more investors.

Getting In Early: SEC Sees Growth In Equity Crowdfunding

Always improving

Your campaign is never “done.” We kept working hard on improving our story. As a startup seeking investment, your goal is to sell your company’s potential for future growth. Getting that story absolutely right is very important. You should be practicing, thinking and brainstorming your story with as many people as possible. It should be something you’re always trying to improve.

Continue to the full article --> here

 

 


NCFA Jan 2018 resize - How I Raised $1 Million in 30 Days with Equity Crowdfunding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Getting In Early: SEC Sees Growth In Equity Crowdfunding

Financial Advisor | Nov 20, 2019

early stage capital - Getting In Early: SEC Sees Growth In Equity CrowdfundingLike the small businesses it was designed to help, equity crowdfunding is still in its start-up stage. But the U.S. Securities and Exchange Commission reports that it’s rapidly growing into a viable source of financing – and a new investment option for those who want to own a piece of an early-stage company.

Equity crowdfunding allows investors to become part owners of companies by trading their investment for shares of private stock. As with traditional crowdfunding, investments usually take place through a funding portal like Kickstarter, StartEngine or Republic. Investments may also be made through a broker-dealer’s online platform.

There are 45 such portals registered with the Financial Industry Regulatory Authority (FINRA), according to the SEC, but the top three account for about two-thirds of all offerings and proceeds raised. Wealthforge lists Reality Mogul, AngelList and FundersClub as the top three platforms.

RegCF SEC update Jun 2019 1 - Getting In Early: SEC Sees Growth In Equity Crowdfunding

Signs Of Success

While equity crowdfunding is still relatively small, it’s showing signs of success. Companies such as Beta Bionics, which is developing a bionic pancreas, and craft beer company Hopsters Brewery each raised $1 million in crowdfunding campaigns. Beta Bionics recently raised $63 million through Series B equity financing.

In fact, a majority of crowdfunding campaigns have been successful, according to a new analysis by the SEC, which found that the success rate for crowdfunding companies increased from 58.9% in 2017 to 63.9% in 2018.

The SEC estimates that 1,351 offerings took place between May 16, 2016 and December 31, 2018. Offerings that were completed raised an average of $208,300 and a total of $107.9 million. The number of investors participating in successful offerings increased from 77,558 in 2017 to 147,448 in 2018.

While the U.S. market for equity crowdfunding is still small, globally equity crowdfunding has raised $2.5 billion, according to Startups.com.

Continue to the full article --> here

US Offerings by Stage

RegCF SEC update Jun 2019 4 - Getting In Early: SEC Sees Growth In Equity Crowdfunding

Types of offerings

RegCF SEC update Jun 2019 3 - Getting In Early: SEC Sees Growth In Equity Crowdfunding

The potential

RegCF SEC update Jun 2019 2 - Getting In Early: SEC Sees Growth In Equity Crowdfunding

Download the 59pg PDF SEC report:  'Regulation Crowdfunding - Report to the Commission (June 2019)

 


NCFA Jan 2018 resize - Getting In Early: SEC Sees Growth In Equity Crowdfunding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Announcing New FFCON19 Keynote Apr 3: JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments

Jon Medved, CEO OurCrowd will make a special appearance and deliver a keynote at FFCON19 on April 3 at Gowling WLG (Canada) LLP.  Jon originally spoke at this same conference back in 2015 when it was called CCS (Canadian Crowdfinance Summit). 
 
Jon medved ourcrowd - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments Since then OurCrowd has reached a new milestone: The global equity crowdfunding platform announced it reached $1 billion in commitments in six years. During the OurCrowd Global Investor Summit in Jerusalem on Thursday, founder and CEO Jon Medved said the company now counts 170 startups, 18 funds, and 29 exits.
 

While many of its startups are based in Israel, OurCrowd’s network of 30,000 registered investors hail from over 150 countries (although primary investors are based in the United States). Members average seven investments, with a portfolio size of over $350,000.

“Our portfolio is, by design, quite diverse,” Medved said during a press conference. “We have companies that run the gamut from drones to agtech, from cybersecurity to food technology, to consumer software and medical products, digital health, and big cloud data.”

Notable OurCrowd exits in 2018 include dual camera technology producer Corephotonics (by Samsung), electric scooter startup Jump Bikes (by Uber), and computer vision firm Invertex acquisition (by Nike).

 

'He's truly a money magnet, if you're interested in raising capital for early stage tech start-ups across all sectors, this is a talk you don't want to miss.'  Craig Asano, NCFA

 

Source:  NCFA

 


NCFA Jan 2018 resize - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Guest Post | Jun 24, 2022 The modern market for currencies is extremely divergent, largely thanks to the presence of cryptocurrencies. Since 2009, when Bitcoin was established, there have been many formats created. The current number of tokens exceeds eighteen thousand varietals. The mining process employs computational resources to validate fresh transactions and record information on digital ledgers to boost the crypto development. You can find even more information on this subject, as well as all for miners, on the Hiveon.com website. What is mining cryptocurrency? Stay tuned to check it out in more detail. Onwards! How Does Mining Work? The key feature of mining crypto is that you don’t invest in this currency to actually get it. It functions as a so-called exchange of your computational resources in order to receive verified blocks and get a token reward in the end. The mining market is highly competitive, which increases the pressure on a miner. Back in the Bitcoin era beginning, users could produce fifty BTC per block. Nowadays, this figure is 6.25 BTC per block. Why Is Mining Important? The value of mining doesn’t limit to increasing the crypto assets only. This process also makes the blockchain more secure ...
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HiveOn  - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Protocol | Benjamin Pimental | Jun 17, 2022 It’s been a rough week for Brex co-CEO Henrique Dubugras as he dealt with the fallout from a business fumble. Brex had sent emails to tens of thousands of small businesses, telling them that the financial services company would no longer be able to serve their needs. After expanding its business from tech startups to traditional small businesses, including mom-and-pop shops, Brex had decided to pull back to its original core customers sparking harsh criticisms online. “This Brex account closure sucks,” one Twitter post read. See:  Q2’22 Private Market Global Venture Funding – Is the Party Over? What prompted this decision? There are tens of thousands of startups in the U.S. versus tens of millions of small businesses. The scale that that took was very, very big. We thought it was going to be fine; we'll just invest more to give them exceptional service. At the same time, there was another effect that was happening. Our core customers, the startups, they were starting to grow. As they grew, they started having all these new needs. They’re like, “Look, we need you to solve these new needs that I have around spend management ...
Read More
Brex CEO Henrique - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
TechCrunch | Aisha Malik | Jun 22, 2022 eBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin. The financial terms of the deal were not disclosed. eBay says the companies have signed and closed the deal as of June 22nd. KnownOrigin was founded in 2018 by Andy Gray, David Moore and James Morgan. All three co-founders are joining eBay. The platform enables artists and collectors to create, buy and resell NFTs. eBay say it’s acquiring the entire company, including IP and the team.  The acquisition comes a month after eBay launched its first collection of NFTs in partnership with web3 platform OneOf. The company’s new “Genesis” NFT Collection will feature 3D and animated interpretations of the iconic athletes featured on Sports Illustrated covers over the years. eBay says the surge in the collectibles market led to its first collaboration in the NFT space. See:  EBay Scores NFT business with an assist from hockey legend Wayne Gretzky eBay CEO Jamie Iannone: eBay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital ...
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ebay acquires knownorigin - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Bitvo | Tristram Waye | Jun 23, 2022 Right now, crypto is in transition, and this is the perfect time to be reflecting on what the next big thing might be. And as traders and players in the space, thinking about what’s ahead is the key to identifying that next big thing. Which reminded me of Andy Kessler. He was an old Wall Street maven and fund manager. In one of his books, he had a story about meeting a Swiss investor on a plane. That discussion over a five-hour flight led to a series of deep dives into innovation history. So I grabbed Kessler’s Wall Street Meat off the shelf to refresh my memory. Whoops. Wrong book. It’s great, but the one I want is Kessler’s Running Money. In Running Money, Kessler shows us how he developed an investment thesis while managing a hedge fund. And he tells us in great detail how he figures out what the next big thing might be. See:  Crypto Pragmatist: Checkout these free crypto (trading) tools He does this by exploring the evolution of other innovation periods and the key insights he gets from them. And as a bonus, he’s doing this during ...
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Running Money - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
U.Today | Arman Shirinyan | Jun 21, 2022 A global Bitcoin self-mining company, Bitfarms based in Canada, is now "adjusting its HODL strategy" according to the press release to add more liquidity and strengthen its balance sheet. Reportedly, the company has sold 3,000 BTC for approximately $62 million at the average price of $20,600. The main reason behind the operation was the company's inability to provide funds to finance the equipment. See:  Justin Hartzman: Unveiling the Celsius and 3 Arrows Capital implosions After the deal was done, the company's total Bitcoin holdings remained at 3,349 Bitcoins with 14 BTC added to the balance every day. Additionally, the Canadian Bitcoin mining company will proceed to reduce the BTC-backed credit facility with Galaxy Digital LLC from $66 million to $38 million. From now on, the company will no longer HODL its assets produced daily, which means that Bitfarms will most likely create constant selling pressure on the market to provide more liquidity to its balance sheet by increasing the percentage of stablecoins or fiat currencies in their portfolio. Continue to the full article --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market ...
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Bitfarms mining - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Justin Hartzman on Medium | Jun 22, 2022 The markets have been absolutely brutal. Over the last month, we have seen a stablecoin provider, a leading lending provider, and one of the biggest crypto hedge funds implode entirely. We have discussed Terra’s implosion in the past. Today, let’s focus on Celsius and 3 Arrows Capital (3AC). The truly remarkable thing here is that we are in entirely uncharted waters as far as crypto is concerned. We have never seen so many institutes implode at the same time. Strangely enough, I believe this could be good for the market in the long term. We will get to that later. However, first a quick intro. What are Celsius and 3AC? So let’s start with Celsius. Founded in 2018, Celsius was one of the biggest lending platforms in crypto. In May 2022, they had more than $8 billion lent out to clients and $12 billion in assets under management. What made them truly attractive was the incredible APR they offered on collateral. Celsius has been using client funds on various DeFi protocols like Lido, Curve, and — wait for it — Terra’s Anchor Protocol — to generate this yield. On-chain analytics platform Nansen ...
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broken pieces - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Ripple | Jun 22, 2022 Driving Crypto Innovation Through Top Engineering Talent in Canada Today we announced the opening of our new office in Toronto that will serve as a key engineering hub. The new office will be our first in Canada, supporting our continued growth in North America and beyond. We plan to initially hire 50 engineers in Toronto with the goal to expand to hundreds of blockchain software engineers including applied machine learning scientists, data scientists, and product managers. Brad Garlinghouse, CEO of Ripple: Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to impact the movement of value around the world. See:  Ripple is buying back shares from investors (at a 50% profit in 2 years) While others in the industry have announced layoffs and hiring freezes, our key priority remains bringing on world class talent that will help us innovate and serve our customers for years to come. In the past year alone, we’ve opened new offices in key cities including Miami and Dublin and plan to hire hundreds of people globally in 2022. The opening of the Toronto office further solidifies our commitment to a ...
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Ripple opens first Canadian office in Toronto - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Liquid Avatar Technologies | Release | Jun 21, 2022 TORONTO, ON / ACCESSWIRE / June 21, 2022 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTCQB:LQAVF)(FRA:4T51), a global blockchain and FinTech solutions company focused on digital identity, integrated avatars, and the Metaverse, is proud to announce that it has launched its updated feature-rich Self Sovereign Identity App, Liquid Avatar, allowing individuals and applicable entities to manage and control the use of their own age and other personal identifiable information, where appropriate, identity, affiliations and other information and personalized data digitally in a safe and secure platform based on open standards. See:  How to protect your digital identity? The Liquid Avatar Mobile App is part of Liquid Avatar Technologies' verifiable credentials ecosystem ("LAVCE"), which includes technology to support, Holders of credentials (individuals and entities), Issuers of credentials (governments, educational & financial institutions, workplaces, gaming platforms and Metaverses), and Verifiers of credentials (payment processors, commercial businesses, venue operators and online merchants and websites). The Liquid Avatar Mobile App is available on the Apple AppStore and Google Play. New Features: Encrypted Messaging Machine Readable Governance LQID Card - available in the US shortly, with wait list currently available Smart Age Bank grade reusable identity credentials for ...
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Liquid Avatar Tech App Updates and Release - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
Quartz | Tiffany Ap | Jun 16, 2022 Over the next few decades, around $30 trillion in wealth is expected to be passed down from Baby Boomers to millennials.  A survey from Capgemini Research Institute found that they’re going to be pickier customers for wealth management firms than their parents and grandparents. Surveyed nearly 3,000 high net worth individuals (HNWI), defined as people with investable assets of $1 million or more and found that millennials coming into wealth are far more price-sensitive than the previous generation, especially in a bear market. A majority of them are switching advisors to find a better fit compared to what may have worked for older investors. Millennials prefer a hybrid model for advisory services and information. The pandemic caused HNWIs to reduce dependency on wealth managers and become more actively involved in investing, spurring demand for self-directed tools. See:  5 Drivers Behind the Sustainable Investing Shift The millennial “freemium” mindset” that has developed over the last 10 years is another factor. Younger HNWIs are less willing to pay for straightforward access because they expect that for free in exchange for data or deposits. About half of millennials surveyed said they had changed their primary ...
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Millennial investors the next generation - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments
OSC Release | Jun 7, 2022 TORONTO – The Ontario Securities Commission (OSC) today published a Statement of Allegations against Mek Global Limited, incorporated in the Republic of Seychelles, and PhoenixFin Pte. Ltd., incorporated in Singapore, (collectively, KuCoin) for failing to comply with Ontario securities law. KuCoin is operating an unregistered crypto asset trading platform, encouraging Ontarians to use the platform, and allowing Ontario residents to trade crypto asset products that are securities and derivatives. On March 29, 2021, the OSC warned crypto asset trading platforms that offer trading in derivatives or securities in Ontario that they must contact OSC staff or face potential regulatory action. Platforms were given until April 19, 2021 to discuss how to bring their operations as a dealer or marketplace into compliance. Additionally, the OSC stated that platforms that allow access to Ontarians are regarded by the OSC as operating in Ontario for the purposes of securities regulation. Despite this warning, KuCoin did not contact the OSC. See:  Alberta-based Binance Canada expects to return to Ontario by 2024 Staff will continue to take action against non-compliant crypto asset trading platforms and are in contact with international securities regulators to exchange information to support enforcement action ...
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Kucoin - Announcing New FFCON19 Keynote Apr 3:  JON MEDVED, CEO OurCrowd Equity Crowdfunding portal with $1billion in Commitments

 

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Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo

Forbes

logos impact on venture funding - Seeking Equity Crowdfunding Backers? Take A Look At Your Company LogoCompany logos may not foretell a venture's profitability, but they could help garner backing on equity crowdfunding platforms, especially if investors perceive them as complex, new research suggests.

Previous studies have indicated that cues strongly associated with a startup venture's potential success – signals such as patent ownership, the size of the equity raise and the founders' education and network – influence crowdfunding investors.

Now a research team from Canada, France and the UK suggests that the company logo, while a more tenuous visual cue, can sway crowdfunding backers' investment decisions as well.

Company logos pervade crowdfunding platforms, but little is known about the effects of such visual cues on investor behavior, they write.

See:  $5 million Equity crowdfunding extended to private companies

The team, after conducting a survey, a field study and an experiment, report that backers appear to interpret logo design complexity as a signal of a venture's innovativeness, and invest more in companies with more complex logos.

They presented their findings in an article, "What's in a logo? The Impact of complex visual cues in equity crowdfunding," in the January 2019 edition of the Journal of Business Venturing.

The authors say they found support for their idea that crowdfunding investors process visual cues automatically as a mental shortcut to  help form their thoughts on early-stage entrepreneurial ventures – with more complex logos creating more favorable perceptions and drawing more funds.

"Increasing logo complexity can increase the amount of funds invested in ventures,"  they conclude.

Investors may see more complex logos as a sign of innovativeness because the images are more difficult to process, "and thus, feel less familiar and more unique, original, and novel to backers," according to the research by Ammara Mahmoud of Wilfrid Laurier University in Canada, Jonathan Luffarelli of France's Montpellier Business School and Mudra Mukesh of the University of Westminster in London.

One study approach used field data from a top equity crowdfunding platform to show logo complexity can boost funds invested in a venture. Based on the results, the researchers estimate that a one-unit increase in logo complexity ratings leads to an 8 percent increase in investment amount.

"This effect is comparable in magnitude to the effect of (stronger) cues such as venture team size and number of previous pledges," they write.

See:  European Parliament Draft Legislation Shows Intent to Enable Crowdfunding Platforms to Host Initial Coin Offerings

The researchers also surveyed 2,630 people recruited on crowdsourcing platform Amazon Mechanical Turk to rate the logos of 174 ventures raising capital on two equity crowdfunding sites. Each respondent rated two randomly chosen logos, with half of the participants asked to rate a venture on perceived innovatiness and the other half asked to rate logo complexity.

The results show that "logo complexity was positively associated with perceived venture innovativeness."

A third study involving experienced crowdfunding investors further supported the hypotheses, they write.

Continue to the full article --> here


NCFA Jan 2018 resize - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Guest Post | Jun 24, 2022 The modern market for currencies is extremely divergent, largely thanks to the presence of cryptocurrencies. Since 2009, when Bitcoin was established, there have been many formats created. The current number of tokens exceeds eighteen thousand varietals. The mining process employs computational resources to validate fresh transactions and record information on digital ledgers to boost the crypto development. You can find even more information on this subject, as well as all for miners, on the Hiveon.com website. What is mining cryptocurrency? Stay tuned to check it out in more detail. Onwards! How Does Mining Work? The key feature of mining crypto is that you don’t invest in this currency to actually get it. It functions as a so-called exchange of your computational resources in order to receive verified blocks and get a token reward in the end. The mining market is highly competitive, which increases the pressure on a miner. Back in the Bitcoin era beginning, users could produce fifty BTC per block. Nowadays, this figure is 6.25 BTC per block. Why Is Mining Important? The value of mining doesn’t limit to increasing the crypto assets only. This process also makes the blockchain more secure ...
Read More
HiveOn  - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Protocol | Benjamin Pimental | Jun 17, 2022 It’s been a rough week for Brex co-CEO Henrique Dubugras as he dealt with the fallout from a business fumble. Brex had sent emails to tens of thousands of small businesses, telling them that the financial services company would no longer be able to serve their needs. After expanding its business from tech startups to traditional small businesses, including mom-and-pop shops, Brex had decided to pull back to its original core customers sparking harsh criticisms online. “This Brex account closure sucks,” one Twitter post read. See:  Q2’22 Private Market Global Venture Funding – Is the Party Over? What prompted this decision? There are tens of thousands of startups in the U.S. versus tens of millions of small businesses. The scale that that took was very, very big. We thought it was going to be fine; we'll just invest more to give them exceptional service. At the same time, there was another effect that was happening. Our core customers, the startups, they were starting to grow. As they grew, they started having all these new needs. They’re like, “Look, we need you to solve these new needs that I have around spend management ...
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TechCrunch | Aisha Malik | Jun 22, 2022 eBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin. The financial terms of the deal were not disclosed. eBay says the companies have signed and closed the deal as of June 22nd. KnownOrigin was founded in 2018 by Andy Gray, David Moore and James Morgan. All three co-founders are joining eBay. The platform enables artists and collectors to create, buy and resell NFTs. eBay say it’s acquiring the entire company, including IP and the team.  The acquisition comes a month after eBay launched its first collection of NFTs in partnership with web3 platform OneOf. The company’s new “Genesis” NFT Collection will feature 3D and animated interpretations of the iconic athletes featured on Sports Illustrated covers over the years. eBay says the surge in the collectibles market led to its first collaboration in the NFT space. See:  EBay Scores NFT business with an assist from hockey legend Wayne Gretzky eBay CEO Jamie Iannone: eBay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital ...
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ebay acquires knownorigin - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Bitvo | Tristram Waye | Jun 23, 2022 Right now, crypto is in transition, and this is the perfect time to be reflecting on what the next big thing might be. And as traders and players in the space, thinking about what’s ahead is the key to identifying that next big thing. Which reminded me of Andy Kessler. He was an old Wall Street maven and fund manager. In one of his books, he had a story about meeting a Swiss investor on a plane. That discussion over a five-hour flight led to a series of deep dives into innovation history. So I grabbed Kessler’s Wall Street Meat off the shelf to refresh my memory. Whoops. Wrong book. It’s great, but the one I want is Kessler’s Running Money. In Running Money, Kessler shows us how he developed an investment thesis while managing a hedge fund. And he tells us in great detail how he figures out what the next big thing might be. See:  Crypto Pragmatist: Checkout these free crypto (trading) tools He does this by exploring the evolution of other innovation periods and the key insights he gets from them. And as a bonus, he’s doing this during ...
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Running Money - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
U.Today | Arman Shirinyan | Jun 21, 2022 A global Bitcoin self-mining company, Bitfarms based in Canada, is now "adjusting its HODL strategy" according to the press release to add more liquidity and strengthen its balance sheet. Reportedly, the company has sold 3,000 BTC for approximately $62 million at the average price of $20,600. The main reason behind the operation was the company's inability to provide funds to finance the equipment. See:  Justin Hartzman: Unveiling the Celsius and 3 Arrows Capital implosions After the deal was done, the company's total Bitcoin holdings remained at 3,349 Bitcoins with 14 BTC added to the balance every day. Additionally, the Canadian Bitcoin mining company will proceed to reduce the BTC-backed credit facility with Galaxy Digital LLC from $66 million to $38 million. From now on, the company will no longer HODL its assets produced daily, which means that Bitfarms will most likely create constant selling pressure on the market to provide more liquidity to its balance sheet by increasing the percentage of stablecoins or fiat currencies in their portfolio. Continue to the full article --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market ...
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Bitfarms mining - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Justin Hartzman on Medium | Jun 22, 2022 The markets have been absolutely brutal. Over the last month, we have seen a stablecoin provider, a leading lending provider, and one of the biggest crypto hedge funds implode entirely. We have discussed Terra’s implosion in the past. Today, let’s focus on Celsius and 3 Arrows Capital (3AC). The truly remarkable thing here is that we are in entirely uncharted waters as far as crypto is concerned. We have never seen so many institutes implode at the same time. Strangely enough, I believe this could be good for the market in the long term. We will get to that later. However, first a quick intro. What are Celsius and 3AC? So let’s start with Celsius. Founded in 2018, Celsius was one of the biggest lending platforms in crypto. In May 2022, they had more than $8 billion lent out to clients and $12 billion in assets under management. What made them truly attractive was the incredible APR they offered on collateral. Celsius has been using client funds on various DeFi protocols like Lido, Curve, and — wait for it — Terra’s Anchor Protocol — to generate this yield. On-chain analytics platform Nansen ...
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broken pieces - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Ripple | Jun 22, 2022 Driving Crypto Innovation Through Top Engineering Talent in Canada Today we announced the opening of our new office in Toronto that will serve as a key engineering hub. The new office will be our first in Canada, supporting our continued growth in North America and beyond. We plan to initially hire 50 engineers in Toronto with the goal to expand to hundreds of blockchain software engineers including applied machine learning scientists, data scientists, and product managers. Brad Garlinghouse, CEO of Ripple: Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to impact the movement of value around the world. See:  Ripple is buying back shares from investors (at a 50% profit in 2 years) While others in the industry have announced layoffs and hiring freezes, our key priority remains bringing on world class talent that will help us innovate and serve our customers for years to come. In the past year alone, we’ve opened new offices in key cities including Miami and Dublin and plan to hire hundreds of people globally in 2022. The opening of the Toronto office further solidifies our commitment to a ...
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Ripple opens first Canadian office in Toronto - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Liquid Avatar Technologies | Release | Jun 21, 2022 TORONTO, ON / ACCESSWIRE / June 21, 2022 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTCQB:LQAVF)(FRA:4T51), a global blockchain and FinTech solutions company focused on digital identity, integrated avatars, and the Metaverse, is proud to announce that it has launched its updated feature-rich Self Sovereign Identity App, Liquid Avatar, allowing individuals and applicable entities to manage and control the use of their own age and other personal identifiable information, where appropriate, identity, affiliations and other information and personalized data digitally in a safe and secure platform based on open standards. See:  How to protect your digital identity? The Liquid Avatar Mobile App is part of Liquid Avatar Technologies' verifiable credentials ecosystem ("LAVCE"), which includes technology to support, Holders of credentials (individuals and entities), Issuers of credentials (governments, educational & financial institutions, workplaces, gaming platforms and Metaverses), and Verifiers of credentials (payment processors, commercial businesses, venue operators and online merchants and websites). The Liquid Avatar Mobile App is available on the Apple AppStore and Google Play. New Features: Encrypted Messaging Machine Readable Governance LQID Card - available in the US shortly, with wait list currently available Smart Age Bank grade reusable identity credentials for ...
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Liquid Avatar Tech App Updates and Release - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
Quartz | Tiffany Ap | Jun 16, 2022 Over the next few decades, around $30 trillion in wealth is expected to be passed down from Baby Boomers to millennials.  A survey from Capgemini Research Institute found that they’re going to be pickier customers for wealth management firms than their parents and grandparents. Surveyed nearly 3,000 high net worth individuals (HNWI), defined as people with investable assets of $1 million or more and found that millennials coming into wealth are far more price-sensitive than the previous generation, especially in a bear market. A majority of them are switching advisors to find a better fit compared to what may have worked for older investors. Millennials prefer a hybrid model for advisory services and information. The pandemic caused HNWIs to reduce dependency on wealth managers and become more actively involved in investing, spurring demand for self-directed tools. See:  5 Drivers Behind the Sustainable Investing Shift The millennial “freemium” mindset” that has developed over the last 10 years is another factor. Younger HNWIs are less willing to pay for straightforward access because they expect that for free in exchange for data or deposits. About half of millennials surveyed said they had changed their primary ...
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Millennial investors the next generation - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo
OSC Release | Jun 7, 2022 TORONTO – The Ontario Securities Commission (OSC) today published a Statement of Allegations against Mek Global Limited, incorporated in the Republic of Seychelles, and PhoenixFin Pte. Ltd., incorporated in Singapore, (collectively, KuCoin) for failing to comply with Ontario securities law. KuCoin is operating an unregistered crypto asset trading platform, encouraging Ontarians to use the platform, and allowing Ontario residents to trade crypto asset products that are securities and derivatives. On March 29, 2021, the OSC warned crypto asset trading platforms that offer trading in derivatives or securities in Ontario that they must contact OSC staff or face potential regulatory action. Platforms were given until April 19, 2021 to discuss how to bring their operations as a dealer or marketplace into compliance. Additionally, the OSC stated that platforms that allow access to Ontarians are regarded by the OSC as operating in Ontario for the purposes of securities regulation. Despite this warning, KuCoin did not contact the OSC. See:  Alberta-based Binance Canada expects to return to Ontario by 2024 Staff will continue to take action against non-compliant crypto asset trading platforms and are in contact with international securities regulators to exchange information to support enforcement action ...
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Kucoin - Seeking Equity Crowdfunding Backers? Take A Look At Your Company Logo

 

Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls

FrontFundr Release | Victoria Bennett | Oct 31, 2018

Squamish canyon 1 - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and WaterfallsAs Squamish, on B.C.'s busy west coast, cements its reputation as the Outdoor Capital of Canada, it opens up a challenge, what do you do if you can't or don't want to do extreme sports?

SQUAMISH, BC, October 31, 2018 /24-7PressRelease/ -- Squamish sits between two of the biggest tourist destinations in Canada – Vancouver, B.C. and Whistler, B.C. and is quickly becoming a destination itself. The Squamish tourism market has been growing at an amazing rate, even faster than B.C.'s tourism market as a whole. In 2017, there was a total of 5,713,926 overnight international visitor arrivals to the province, including 3,691,074 visitors from the US, 1,277,878 from Asia Pacific. The government has been putting more and more resources into attracting tourists to this amazing part of the world and the investment is paying off – in B.C., the tourism gross domestic product grew more rapidly in 2016 than all other industries combined.

Many of the activities in and around Squamish are designed specifically for the extreme sports enthusiast and very able outdoors people, even the hiking is difficult. The Sea to Sky Gondola (constructed in 2014) is one of the only attractions in the Squamish area that caters to visitors of all abilities. Additional attractions and activities that all levels and abilities can enjoy are needed in this area, to address the surge in visits by local and international tourists. Robin Sherry, founder and project lead of Squamish Canyon has met with the different levels of government from the city to roads to parks and first responders and they are all struggling to keep up with the rate of tourism growth in the region. There is still a need for investment and support by the government to the Parks, but there is also a need for private industry to play its role.

See:  Join us Nov 29-30 at the 4th annual VanFUNDING 2018: CONVERGE conference!

As the area has grown through tourism the community has grown too and having alternative activities for both tourists and the community that are safe, all weather and all ages has become paramount.

Working closely with the logging community and industry in the area, Squamish Canyon is preserving 26 acres of forest and creating low impact activities including interpretive forest and canyon walks, playground and entertainment area. Five years in the planning, Sherry is working with local businesses and contractors with international and local experience to have Squamish Canyon ready to open in Summer, 2019.

Robin Sherry commented, "I've lived in Squamish for over ten years and seen the huge growth in tourism but also the growth in the town. I am very involved in the outdoor community, but I also want everyone to be able to participate in this stunning location. Participation means a number of things; to be able to walk safely through temperate rainforest and understand the history ,culture and ecology, to bring local businesses in as suppliers, to create meaningful jobs that enable people to live in Squamish and to open up the investment to the community, so people can benefit from revenues made by Squamish Canyon."

Squamish Canyon launched their equity crowdfunding campaign on Canada's largest investment crowdfunding platform, FrontFundr on Tuesday, October 30th. Canadians can invest from $250 on the platform. Prior to launch, nearly $300,000 has already been reserved by investors.

Key Data
- Approximately 7.6 million people drive the Sea to Sky Highway per annum; 60 – 70% of those are estimated to be visitors to the area.
- Squamish Canyon is located 65 km from Whistler BC, which sees approximately 2.7 million visitors annually.
- Squamish Canyon is nestled in the Coastal Mountains at the end of the Howe Sound surrounded by fjords and waterfalls in beautiful British Columbia, Canada. The canyon is a few minutes off the spectacular Sea to Sky Highway, close to the world famous Stawamus Chief (340,000 visitors annually), Shannon Falls Provincial Park (475,000 visitors annually) and the Sea to Sky Gondola (400,000 visitors annually).
- The Sea to Sky Gondola sees approximately 400,000 visitors annually and far exceeded its highest visitor projections in the first year of operations. An estimated 80% of gondola visitors were specifically coming to the area to ride the gondola and not just passing through on the way to Whistler (Kirby Brown, General Manager, Sea to Sky Gondola).
Squamish Canyon will be located 62 km from Capilano Suspension Bridge, North Vancouver, BC – over 800,000 visitors annually
- The focus for Tourism Squamish is currently on attracting multi-generational tourists from the Lower Mainland (Lesley Weeks, Executive Director of Tourism Squamish)

See:  Fans donate over $500K to Vancouver’s independent Rio Theatre so it can buy its own space

For more information or to arrange an interview contact Victoria Bennett victoria@bmwconsults.com (403) 589 7992

Full details of the offering can be found in the Offering Memorandum. This document is for information purposes only. Please consult your finance professional before making an investment.

Squamish Canyon is a proposed destination addressing the Sea to Sky Corridor's critical lack of engaging, safe, and fun experiences for visitors of all ages. British Columbia's Highway 99 from Horseshoe Bay to Lillooet (known as the Sea to Sky Highway) links Metro Vancouver with Whistler and Squamish, BC. It is one of the busiest tourist highways in Canada, with day parks along the route seeing up to 900,000 visitors per year. And for those without advanced abilities, it's a destination they cannot fully experience.

Mamquam Adventures Inc, a local company with world-class partners, is changing that, designing a year-round, all-weather experience; one that can be enjoyed by the local 'big kids', parents with toddlers, grandma and grandpa, and almost anyone in between on the Vancouver - Squamish - Whistler highway.

At Squamish Canyon, you will be immersed in the natural beauty of the place named "Mother of Wind", walking over waterfalls, along the edge of canyon walls, and through a majestic rainforest on boardwalks, bridges, and suspended walkways, an experience only a whitewater kayaker or climber could previously enjoy. Along the journey, visitors will learn about local ecosystems, glacial water systems, outdoor safety, the history of the land and the First Nations of the area, as well as safety and conservation.

Mamquam Adventures Inc. values environmental and social sustainability, public transparency, and accountability. The company intends to balance growth and purpose in creating Squamish Canyon. The project brings together industry and tourism, diversifying the economy of the area, and creating a place for the local community and visitors to revel in the natural, rustic beauty of Canada's outdoor recreation capital.

Squamish Canyon. A destination waiting.

Source:  view release


NCFA Jan 2018 resize - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Guest Post | Jun 24, 2022 The modern market for currencies is extremely divergent, largely thanks to the presence of cryptocurrencies. Since 2009, when Bitcoin was established, there have been many formats created. The current number of tokens exceeds eighteen thousand varietals. The mining process employs computational resources to validate fresh transactions and record information on digital ledgers to boost the crypto development. You can find even more information on this subject, as well as all for miners, on the Hiveon.com website. What is mining cryptocurrency? Stay tuned to check it out in more detail. Onwards! How Does Mining Work? The key feature of mining crypto is that you don’t invest in this currency to actually get it. It functions as a so-called exchange of your computational resources in order to receive verified blocks and get a token reward in the end. The mining market is highly competitive, which increases the pressure on a miner. Back in the Bitcoin era beginning, users could produce fifty BTC per block. Nowadays, this figure is 6.25 BTC per block. Why Is Mining Important? The value of mining doesn’t limit to increasing the crypto assets only. This process also makes the blockchain more secure ...
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HiveOn  - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Protocol | Benjamin Pimental | Jun 17, 2022 It’s been a rough week for Brex co-CEO Henrique Dubugras as he dealt with the fallout from a business fumble. Brex had sent emails to tens of thousands of small businesses, telling them that the financial services company would no longer be able to serve their needs. After expanding its business from tech startups to traditional small businesses, including mom-and-pop shops, Brex had decided to pull back to its original core customers sparking harsh criticisms online. “This Brex account closure sucks,” one Twitter post read. See:  Q2’22 Private Market Global Venture Funding – Is the Party Over? What prompted this decision? There are tens of thousands of startups in the U.S. versus tens of millions of small businesses. The scale that that took was very, very big. We thought it was going to be fine; we'll just invest more to give them exceptional service. At the same time, there was another effect that was happening. Our core customers, the startups, they were starting to grow. As they grew, they started having all these new needs. They’re like, “Look, we need you to solve these new needs that I have around spend management ...
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Brex CEO Henrique - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
TechCrunch | Aisha Malik | Jun 22, 2022 eBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin. The financial terms of the deal were not disclosed. eBay says the companies have signed and closed the deal as of June 22nd. KnownOrigin was founded in 2018 by Andy Gray, David Moore and James Morgan. All three co-founders are joining eBay. The platform enables artists and collectors to create, buy and resell NFTs. eBay say it’s acquiring the entire company, including IP and the team.  The acquisition comes a month after eBay launched its first collection of NFTs in partnership with web3 platform OneOf. The company’s new “Genesis” NFT Collection will feature 3D and animated interpretations of the iconic athletes featured on Sports Illustrated covers over the years. eBay says the surge in the collectibles market led to its first collaboration in the NFT space. See:  EBay Scores NFT business with an assist from hockey legend Wayne Gretzky eBay CEO Jamie Iannone: eBay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital ...
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ebay acquires knownorigin - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Bitvo | Tristram Waye | Jun 23, 2022 Right now, crypto is in transition, and this is the perfect time to be reflecting on what the next big thing might be. And as traders and players in the space, thinking about what’s ahead is the key to identifying that next big thing. Which reminded me of Andy Kessler. He was an old Wall Street maven and fund manager. In one of his books, he had a story about meeting a Swiss investor on a plane. That discussion over a five-hour flight led to a series of deep dives into innovation history. So I grabbed Kessler’s Wall Street Meat off the shelf to refresh my memory. Whoops. Wrong book. It’s great, but the one I want is Kessler’s Running Money. In Running Money, Kessler shows us how he developed an investment thesis while managing a hedge fund. And he tells us in great detail how he figures out what the next big thing might be. See:  Crypto Pragmatist: Checkout these free crypto (trading) tools He does this by exploring the evolution of other innovation periods and the key insights he gets from them. And as a bonus, he’s doing this during ...
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Running Money - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
U.Today | Arman Shirinyan | Jun 21, 2022 A global Bitcoin self-mining company, Bitfarms based in Canada, is now "adjusting its HODL strategy" according to the press release to add more liquidity and strengthen its balance sheet. Reportedly, the company has sold 3,000 BTC for approximately $62 million at the average price of $20,600. The main reason behind the operation was the company's inability to provide funds to finance the equipment. See:  Justin Hartzman: Unveiling the Celsius and 3 Arrows Capital implosions After the deal was done, the company's total Bitcoin holdings remained at 3,349 Bitcoins with 14 BTC added to the balance every day. Additionally, the Canadian Bitcoin mining company will proceed to reduce the BTC-backed credit facility with Galaxy Digital LLC from $66 million to $38 million. From now on, the company will no longer HODL its assets produced daily, which means that Bitfarms will most likely create constant selling pressure on the market to provide more liquidity to its balance sheet by increasing the percentage of stablecoins or fiat currencies in their portfolio. Continue to the full article --> here The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market ...
Read More
Bitfarms mining - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Justin Hartzman on Medium | Jun 22, 2022 The markets have been absolutely brutal. Over the last month, we have seen a stablecoin provider, a leading lending provider, and one of the biggest crypto hedge funds implode entirely. We have discussed Terra’s implosion in the past. Today, let’s focus on Celsius and 3 Arrows Capital (3AC). The truly remarkable thing here is that we are in entirely uncharted waters as far as crypto is concerned. We have never seen so many institutes implode at the same time. Strangely enough, I believe this could be good for the market in the long term. We will get to that later. However, first a quick intro. What are Celsius and 3AC? So let’s start with Celsius. Founded in 2018, Celsius was one of the biggest lending platforms in crypto. In May 2022, they had more than $8 billion lent out to clients and $12 billion in assets under management. What made them truly attractive was the incredible APR they offered on collateral. Celsius has been using client funds on various DeFi protocols like Lido, Curve, and — wait for it — Terra’s Anchor Protocol — to generate this yield. On-chain analytics platform Nansen ...
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broken pieces - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Ripple | Jun 22, 2022 Driving Crypto Innovation Through Top Engineering Talent in Canada Today we announced the opening of our new office in Toronto that will serve as a key engineering hub. The new office will be our first in Canada, supporting our continued growth in North America and beyond. We plan to initially hire 50 engineers in Toronto with the goal to expand to hundreds of blockchain software engineers including applied machine learning scientists, data scientists, and product managers. Brad Garlinghouse, CEO of Ripple: Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to impact the movement of value around the world. See:  Ripple is buying back shares from investors (at a 50% profit in 2 years) While others in the industry have announced layoffs and hiring freezes, our key priority remains bringing on world class talent that will help us innovate and serve our customers for years to come. In the past year alone, we’ve opened new offices in key cities including Miami and Dublin and plan to hire hundreds of people globally in 2022. The opening of the Toronto office further solidifies our commitment to a ...
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Ripple opens first Canadian office in Toronto - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Liquid Avatar Technologies | Release | Jun 21, 2022 TORONTO, ON / ACCESSWIRE / June 21, 2022 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTCQB:LQAVF)(FRA:4T51), a global blockchain and FinTech solutions company focused on digital identity, integrated avatars, and the Metaverse, is proud to announce that it has launched its updated feature-rich Self Sovereign Identity App, Liquid Avatar, allowing individuals and applicable entities to manage and control the use of their own age and other personal identifiable information, where appropriate, identity, affiliations and other information and personalized data digitally in a safe and secure platform based on open standards. See:  How to protect your digital identity? The Liquid Avatar Mobile App is part of Liquid Avatar Technologies' verifiable credentials ecosystem ("LAVCE"), which includes technology to support, Holders of credentials (individuals and entities), Issuers of credentials (governments, educational & financial institutions, workplaces, gaming platforms and Metaverses), and Verifiers of credentials (payment processors, commercial businesses, venue operators and online merchants and websites). The Liquid Avatar Mobile App is available on the Apple AppStore and Google Play. New Features: Encrypted Messaging Machine Readable Governance LQID Card - available in the US shortly, with wait list currently available Smart Age Bank grade reusable identity credentials for ...
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Liquid Avatar Tech App Updates and Release - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
Quartz | Tiffany Ap | Jun 16, 2022 Over the next few decades, around $30 trillion in wealth is expected to be passed down from Baby Boomers to millennials.  A survey from Capgemini Research Institute found that they’re going to be pickier customers for wealth management firms than their parents and grandparents. Surveyed nearly 3,000 high net worth individuals (HNWI), defined as people with investable assets of $1 million or more and found that millennials coming into wealth are far more price-sensitive than the previous generation, especially in a bear market. A majority of them are switching advisors to find a better fit compared to what may have worked for older investors. Millennials prefer a hybrid model for advisory services and information. The pandemic caused HNWIs to reduce dependency on wealth managers and become more actively involved in investing, spurring demand for self-directed tools. See:  5 Drivers Behind the Sustainable Investing Shift The millennial “freemium” mindset” that has developed over the last 10 years is another factor. Younger HNWIs are less willing to pay for straightforward access because they expect that for free in exchange for data or deposits. About half of millennials surveyed said they had changed their primary ...
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Millennial investors the next generation - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls
OSC Release | Jun 7, 2022 TORONTO – The Ontario Securities Commission (OSC) today published a Statement of Allegations against Mek Global Limited, incorporated in the Republic of Seychelles, and PhoenixFin Pte. Ltd., incorporated in Singapore, (collectively, KuCoin) for failing to comply with Ontario securities law. KuCoin is operating an unregistered crypto asset trading platform, encouraging Ontarians to use the platform, and allowing Ontario residents to trade crypto asset products that are securities and derivatives. On March 29, 2021, the OSC warned crypto asset trading platforms that offer trading in derivatives or securities in Ontario that they must contact OSC staff or face potential regulatory action. Platforms were given until April 19, 2021 to discuss how to bring their operations as a dealer or marketplace into compliance. Additionally, the OSC stated that platforms that allow access to Ontarians are regarded by the OSC as operating in Ontario for the purposes of securities regulation. Despite this warning, KuCoin did not contact the OSC. See:  Alberta-based Binance Canada expects to return to Ontario by 2024 Staff will continue to take action against non-compliant crypto asset trading platforms and are in contact with international securities regulators to exchange information to support enforcement action ...
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Kucoin - Latest West Coast Tourism Location, Squamish Canyon, Opens Up Investment to the Community by Equity Crowdfunding to Create an All Ages All Weather Experience through Amazing Canyons and Waterfalls

 

$5 million Equity crowdfunding extended to private companies

Australian Financial Review | Michael Bailey | Sep 12, 2018

Crowdfunding finally opens up to private companies - $5 million Equity crowdfunding extended to private companiesBusinesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament.

The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas.

Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors.

See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies

Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards.

Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross assets or more, or 50 employees or more, have previously had to prepare such reports.

Those private companies accessing equity crowdfunding will also become subject to related party transaction rules and takeover rules, and will have to include details about the offer and the shareholders as part of their company register.

Some compliance relief has been provided to the unlisted public companies already eligible to use equity crowdfunding.

Now, all companies raising money via the crowd will only have to have their financial statements audited when they have raised $3 million or more, up from $1 million previously.

The cost and compliance of converting to an unlisted public company had previously deterred most businesses from considering equity crowdfunding, said Jonny Wilkinson, co-founder of one of the ASIC-licensed portals, Equitise.

 "Having a formalised structure and process for smaller proprietary companies to raise funds from the crowd - their customers, friends and family - will be a huge boost to small businesses and the economy, driving both growth and employment," he said.

"In turn, it also gives everyday investors the opportunity to invest in these companies and potentially make a return."

See:  Equity crowdfunding is eroding the best returns VC funds used to enjoy

The performance of equity crowdfunding has been mixed in its most established market, the UK, where it has been legal since 2011 . A 2016 study by licensed platform Seedrs of the 250 companies that had used it to raise money found they had produced an overall 14.4 per cent internal rate of return, but 41 per cent of the deals had lost money or collapsed altogether.

The quality of companies seeking funding on equity crowdfunding  platforms was questioned by 2018 research from Belgium's Ghent University and France's SKEMA School of Business, which compared data from 277 firms that sought financing on UK-based Crowdcube with two sets of similar firms that didn't list on crowdfunding platforms.

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NCFA Jan 2018 resize - $5 million Equity crowdfunding extended to private companiesThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Equity crowdfunding is eroding the best returns VC funds used to enjoy

VB | | May 13, 2018

Equity crowdfunding gears - Equity crowdfunding is eroding the best returns VC funds used to enjoy

There’s been a sea change in Series A investment rounds that has been gradually – but persistently – eating away at venture capital (VC) funds’ highest-ROI category investments, and the reason it’s happening may surprise you.

According to Cooley’s VC trends, the median Series A valuation has moved up from $16.5 million to $23.0 million in just the past two years. VCs aren’t just competing for fewer early-stage deals, they’re also paying a lot more for them. Around the time that orange became the new black, seed rounds became the new Series A, with valuations doubling between 2012 and 2017, according to Pitchbook. (What used to be called seed-stage is now termed “pre-seed.”)

How we got here

You might think this is just an organic consequence of too much money chasing too few deals, especially given that the last time we saw this much VC investment was in pre-bubble 1999. Ironically, one of the most powerful changes brought about by dot-com was the democratization of angel investing in startups, taking many early stage deals off the table before VCs could get a look at them.

Based on over 30 years of raising capital, plus my own participation in the ecosystem as an angel investor for the past last 20 years, my sense is that widespread angel investor empowerment began after the dot-com bubble. By 2000 a lot of “new money” investors were minted, and only a relative few had taken enough gains off the table before the bust to be able to invest in venture capital funds. Many took to the streets, joining angel investment clubs and online communities to start sprinkling their money around on green shoots.

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As fans of the TV show Startup Junkies will recall, in 2007, my company at the time, Earth Class Mail, was faced with the dilemma of whether or not to accept a venture investment from Ignition Partners (the largest VC fund in Seattle at the time). We raised a lot of eyebrows among Silicon Valley VCs for raising $12 million in angel money, including $8.9 million from 96 Keiretsu investment club members alone (what “crowdfunding” was before it moved online). Most VCs were dismissive of the investment prowess of angel groups at the time.

Take VC money, lose control

Our concern over taking VC instead of more angel money? By investing just $6 million out of a total of $18 million, one VC would redefine the Series A term sheet, effectively take control of the board, and ultimately determine the company’s destiny.

That concern turned out to be justified. After all, we had a good thing going with an army of “brand ambassador” angel investors who helped us find customers, strategic partners, and plenty of capital. Alas, our management team was drawn to the allure of a prestigious VC investment like a moth to a burning light.

We knew that taking institutional VC with aggressive Series A preferences meant ceding control to a single concentrated investor.

Just one year later, Ignition had its own internal scandal that caused an implosion within the partnership. The shrapnel impacted many of its portfolio companies, including us. As a result of this external event, our founders, 70 percent of our employees, 140 angel investors, and three board members were kicked to the curb. The company lost its engine room and bridge in one catastrophic event, sending it into survival mode for the next five years and an eventual packaged bankruptcy designed to get only the VC’s money out when the fund reached its 10-year term.

For my next startup, I went to the fledgling AngelList platform (before they introduced deal syndication) and put our seed round together from a handful of savvy angel investors pitched over a web conference, and a F500 corporate strategic investor.

I used AngelList again with my current startup, iMovR, to raise a quick $225,000 round through the Barbara Corcoran Venture Partners syndicate in 2015. Even angel groups were beginning to lose their popularity due to the many time-consuming stages of their processes.

An exciting alternative: Equity crowdfunding

It was the JOBS Act of 2012 – creating Title III and Title IV equity crowdfunding structures – that ultimately squeezed VCs out of many of the best early-stage deals. Why? Instead of just the four percent of the population that have the income to declare themselves accredited for participating in Reg D rounds, anyone in the general public could invest in a Reg CF or Reg A+ offering.

While equity crowdfunding rounds attract large numbers of small investors, these angels become avid brand ambassadors for companies and help them generate more visibility and sales. The SEC even managed to catch some of the lightning of Kickstarter’s popularity by enabling “investor perks” as part of the security offering, now a fairly common feature of crowdfunding deals.

More: 

Eighteen months ago, I started a spreadsheet to track dozens of crowdfunded deals to help us choose between Reg CF, Reg A+, and the new breed of “side-by-side” Reg CF/Reg D hybrid offering structures. At the beginning there were virtually no other companies at our stage of revenue ($10 million+). A study commissioned by the SEC indicated one-third of the crowdfunded companies were pre-revenue, and the majority had generated under $1 million in sales. Issuers were often first-time entrepreneurs.

Remarkably, in recent months there have been numerous Reg A+ and side-by-side rounds issued by companies with $5 million-$15 million in revenues-to-date and led by seasoned entrepreneurs who clearly had the connections and track records to raise traditional VC. In interviewing some of these CEOs I sensed many of them chose this path after having similar challenges with VCs in their prior ventures.

Many angel investors have startup experiences of their own and have seen first-hand how some VCs can push perfectly good companies to exit too fast or for valuations that advantage the VCs over all other stakeholders. They also recognize that investing directly into companies means they get to pocket the fund expenses and 20 percent profits interest that are deducted before winnings are shared with limited partners.

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NCFA Jan 2018 resize - Equity crowdfunding is eroding the best returns VC funds used to enjoyThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  ncfacanada.org