Politics

France Works to Define Regulations on Crowdfunding

France Liberte Egalite Fraternite

French Crowdfunding Guide Released. The government of France has released a guide to crowdfunding.  Pierre Moscovici, Minister of Economy and Finance; Arnaud Montebourg, Minister of Productive Recovery, and Fleur Pellerin, Minister for Small and Medium Enterprise, have jointly announced the publication  of the Guide du Financement Participatif (Crowdfunding) published by the  Autorité des Marchés Financiers… Read More

If VCs Aren’t Interested in Crowdfunding, Should You Be?

President Obama Speaks after signing the Jobs Act April 2012

Last week, Donald Trump announced – with characteristic flair – his involvement with a crowdfunding startup named FundAnything. The Donald’s presence would be something of an embarrassment for many companies, but then the tech sector has never been above a little shameless self-promotion. In fact, it’s become something of a virtue in this age of… Read More

OSC Gets Positive Response to Crowdfunding Ideas – Report

Canada Flag

The Ontario Securities Commission (OSC)’s recent consultation on crowdfunding options received “favourable comments” reports law firm Osler Hoskin & Harcourt. Osler noted 100 responses to the OSC, most of which supported its crowdfunding exemption proposal, though some had concerns about investor-protection issues. With respect to crowdfunding’s role in small business financing, feedback identified a “gap”… Read More

Should Washington State Green Light Equity Crowdfunding?

270px-Washington_in_United_States

Crowdfunding websites have grown rapidly as a way to raise money for creative ventures… everything from movies to scientific research to clever inventions. You might have heard of Kickstarter, Indiegogo or Rockethub. It would be just a small leap to use those same platforms to sell shares in a startup. That’s illegal right now, but… Read More

GOP Lawmakers Pressure SEC To Implement JOBS Act

Mary Jo White

Yesterday a group of GOP lawmakers including Representative Patrick McHenry sent a letter to newly minted SEC chairman Mary Jo White. The letter urges timely implementation of Section 201 of the JOBS Act, which calls for the removal of the ban on general solicitation for private offerings under Rule 506. This echoes the sentiments presented… Read More

Lord Young Publishes Report on Growing Business in UK, includes Crowdfunding & Peer to Peer Lending

Lord Young

Vocal British business advocate Lord Young has published another report championing the cause of business and more specifically the importance of small businesses. Lord Young has been involved in several successful businesses and held multiple government positions where he has tirelessly promoted the importance of a vibrant private sector.  He is presently an advisor to… Read More

The promise and risks of the crowd

President Obama Speaks after signing the Jobs Act April 2012

(We) find it impressive that three Philly 50 companies – which tend to be large, established companies – went public in 2012. Epam Systems Inc., Five Below Inc., and Globus Medical Inc. are fairly young companies that spent years preparing for Wall Street-underwritten initial public offerings that raised tens of millions of dollars for each… Read More

The SEC’s recent “no action” letters

crowd-valley

AngelList and FundersClub both recently requested and received “no action” relief from the SEC staff. “No action” letters are often complicated and the law surrounding the discussion is extremely opaque. We have sought to set out the implications of the relief granted by the staff at the SEC as well as a summary of the… Read More

Accredited Crowdfunding Platforms Granted SEC No-Action Relief

Simon Riveles

In two recent no-action letters the SEC granted exemptive relief from broker dealer registration to crowdfunding sites accepting only pre-screened accredited investors on the basis that the platforms received carried interest rather than transaction based compensation. According to securities attorney Simon Riveles of Riveles Law Group, the no-action letters in FoundersClub and AngelList do not represent… Read More

SEC Releases Final Report on Small Business Forum

Forum on Small Business Capital Formation Final Report 2012

The SEC yesterday announced the release of the final report from their Forum on Small Business Capital Formation for 2012.  The Forum included discussions regarding the implementation of the Jobs Act and elements of crowdfunding.  The announcement was distributed by Chief of the Office of Small Business Policy Gerald J. Laporte to interested parties. During… Read More

Crowdcube CEO is Keynote Speaker at House of Lords

Palace of Westminister (Wikipedia)

Equity crowdfunding platform Crowdcube was honored to have their CEO and Co-Founder Darren Westlake be the keynote speaker at the House of Lords on Monday 29 April.  Hosted by Lord Erroll, Chairman of the All-Party group for Entrepreneurship,  the event included a round table discussion which was labeled “Crowdfunding and how it can be leveraged to support… Read More

Crowdfunding set to make mark on investing landscape

Fundrise

For $100, Micah Lubens bought a share of a vacant, two-story brick building that was promoted as the next up-and-coming hot spot along Washington D.C.’s bustling H Street corridor. Through food blogs, Lubens learned of plans to transform the building into a minireplica of Asian night markets, with food stalls and at least one clothing… Read More

Europe in Bad Economic Mess, Crowdfunding Can Help

neelie-kroes

Boosting Crowdfunding Part of European Policy In a speech delivered in Amsterdam to the ‘Europioneers’ European Tech Entrepreneur of the Year Awards ceremony, Neelie Kroes, Vice President of the European Commission for Digital Agenda, made pointed comments pertaining to the European economic struggle, Today Europe is in a difficult place.We’re in a bad economic crisis: we… Read More

SEC Advisory Committee Meets on Small and Emerging Companies

SEC

The SEC held another scheduled meeting, which was open to the public, regarding small and emerging companies including the Jobs Act and elements of crowdfunding. The presenters included Robert Greifeld, Chief Executive Officer of NASDAQ OMX Group, William R. Hambrecht, Chairman and Chief Executive Officer of WR Hambrecht + Co., and Duncan L. Niederauer, Chief Executive… Read More