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How The Recent Title III Vote Impacts Intrastate Crowdfunding

How The Recent Title III Vote Impacts Intrastate Crowdfunding
Below are some of the media notes forwarded to us by our industry partners from the Title III vote this morning. These notes focus more specifically on the updates to Intrastate Crowdfunding regulations:

Statement at Open Meeting on Regulation Crowdfunding and Securities Act Rules 147 and 504
SEC Chair Mary Jo White
October 30, 2015
Good morning. …

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Title III Crowdfunding Refresher

Understanding Title III of the JOBS Act
Owning a crowdfunding portal is like having your own NYSE, NASDAQ or OTC exchange. Despite some obvious key distinctions, such as the number of securities listed, they are conceptually the same. It is a place where investors may come to view offerings of securities. In the case of crowdfunding portals, this most often means…

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Build vs Buy: Crowdfunding Portals

Should I Build or Should I Buy?

The decision to start a crowdfunding portal project can be difficult. Most organizations who want to establish access to new capital via the web, showcase their deal flow, and streamline the investment process, also wish to avoid becoming a technology company in the process. Furthermore, portal owners want the ability to maintain control over…

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Michigan Gets Its First Equity Crowdfunding Platform (and It’s Powered by CrowdEngine)

 

Michigan Funders and CrowdEngine Launch First M.I.L.E. Act Crowdfunding Platform
Salt Lake City, UT – February 24, 2015 –MichiganFunders.com, built on the CrowdEngine crowdfunding platform, announced the launch of the first M.I.L.E. Act Equity Crowdfunding platform. Under the Michigan Invests Locally Exemption or “M.I.L.E. Act”, state residents can now invest up to $10,000 per investment, per year, in startups, existing businesses,…

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Crowdfunding Resources

According to industry research by Massolution and the World Bank, crowdfunding generated $5.1 billion in funding transactions in 2013 and will surpass $300 billion in funding transactions by 2025. Within the next year, Title III of the US JOBS Act is expected to go into effect, allowing non-accredited investors to invest in startups in exchange for equity. Experts have estimated…

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CrowdEngine attends Crowdfunding Professional Association Event

– Sep. 29, 2014 – WASHINGTON, D.C. –  CrowdEngine will attend the conference to be held at the Hogan Lovells Law Firm, Columbia Square, 555 13th Street NW in downtown Washington, D.C. from September 29 to October 1, 2014.
The Education Summit organized by the Crowdfunding Professional association (CfPA) will provide stakeholders and non-profit organizations with new information and updates to understand…

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As you work on your platform, you will most likely encounter this use case at some point: a project has raised money but not enough to achieve its funding goal by its deadline. Should you add more time to let it raise more money and potentially be successful?

In most cases, don’t. Constraints are there for a reason and playing around with them might break the trust your users have in you. Only extend the time if there’s a 99% chance the campaign will be successful. That’s difficult to assess, but it’s more likely if it meets the following conditions:

  • Project is at least 80% funded
  • Campaign manager is serious and committed
  • Campaign manager’s network isn’t tapped out
  • Campaign manger knows exactly who in her network is still due to contribute
  • You like this project and specifically want it to succeed

Don’t make extending the crowdfunding deadline a habit. If you ever extend the duration of a campaign, find out what happened that forced you to do so, and apply that learning so it doesn’t happen again.

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How to host successful crowdfunding projects

The average success rate for crowdfunding projects evolves somewhere below 50%. Kickstarter’s success rate is 44% as of July 2013. Sound easy to reach? Far from it! Here are a few tips to help your improve your luck and beat the stats.

Curate campaigns

In the beginning when you have no or few projects, it might be tempting to accept any campaign on your crowdfunding…

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