Title III Crowdfunding Might Not Be What Many Expected


I have been immersed in the equity crowdfunding industry since late 2015 and have tried to collect as many different perspectives on the industry from as many experts as possible. And while it is hard to predict the ultimate fate of an industry that had… Read More

Tech Coast Angels MIT / Harvard Report: Angel Returns Superior to VCs


Tech Coast Angels has enlisted the assistance of Josh Lerner from the Harvard Business School and Antoinette Schoar from MIT to research angel investing and the overall impact on the companies they fund.  The report (embedded below) indicates that angel networks have a demonstrably positive… Read More

State of the States: An Intrastate Crowdfunding Update


While I have kept both my statutory summary pages and comparative summaries relatively up to date, it has been quite a while since I have done an editorial update on Intrastate Crowdfunding. With the increased number of active Intrastate regulations, as well as the growing… Read More

Coolest Cooler: Amazon Launchpad has been the Worst Company to Deal With


Coolest Cooler, the 2nd most funded Kickstarter campaign of all time, continues to struggle in its quest to deliver coolers to campaign backers. Late last month we reported that Amazon was selling Coolest Coolers for about what you had to commit during the crowdfunding campaign… Read More

Giving Small Businesses the Best Possible Chance of Succeeding when Crowdfunding


There is no question that the proliferation of various forms of alternative finance has proven vital for Britain’s scaling businesses attempting to secure growth funding. In the UK, the alternative finance industry traded a staggering £3.2 billion worth of business in 2015, an increase of 84%… Read More

When You Use a Bomb to Swat a Fly: A Response to the Proposal of Banning SAFEs in Crowdfunding


This article is a response to the draft paper referenced in the article entitled “Crowdfunding and the Not-So-Safe SAFE” authored by Joseph M. Green and John F. Coyle. There are many so words to describe my thoughts about the paper: patronizing, impractical, misguided—but mostly, unfortunate. One… Read More

An Inside Look at Legion M Investment Crowdfunding Success


Legion M is one of the early success stories of Reg CF investment crowdfunding. Legion M raised $1 million on Wefunder with the backing of over 3,000 individual investors – the most ever for a single Reg CF offer to date. Out of the 32… Read More

Is the SAFE Not So Safe for Investment Crowdfunding?


Earlier this year, on May 16, 2016, the final portion of the JOBS Act became actionable. The much anticipated Title III provisions and Regulation Crowdfunding (Reg CF) went into effect, marking the official beginning of retail crowdfunding in the United States. While the industry is… Read More

Regulation A+ Offering: Hype or Reality?


Jobs creation and wages are in the spotlight again by voter demand this presidential election year and receiving attention from both Republican and Democratic parties. This begs the question whether an improved version of Regulation A under the JOBs Act of 2012 offers a practical… Read More

Hacking the Law (Crowdfunding Edition): Concurrent Offerings Part 1


First off, don’t panic. We’re not talking about hacking into computer networks or anything. Legal hacking, or hacking the law, doesn’t involve anything surreptitious. From an organization standpoint, Legal Hackers is an organization originating from Brooklyn Law School and now a global movement with over… Read More

Why “Special Purpose Entities” Are So Special 


As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite)…. Read More

Why DSTLD is a Perfect Fit for Reg A+ : Key Elements to Successful Equity Crowdfunding


Now I don’t usually use this forum to discuss particular crowdfunding offerings. However, after seeing a recent MSNBC piece on DSTLD, and their current Regulation A+ equity offering, I simply had to highlight their truly model story. I believe many wannabe Reg A+ issuers could… Read More

To Disclose or Not to Disclose, That is the Question

Hamlet Actors

In connection with a private offering of securities the issuer will provide potential investors with some form of disclosure document. Regardless of what type of offering it is (e.g. Rule 506, Title III, Intrastate, or other private offering), the intent of this disclosure document is… Read More

Brief: Indiegogo Unveils Campaign Marketing Workbook For Project Creators


This week, Indiegogo announced the release of its new Campaign Marketing Workbook. The global crowdfunding platform stated the new workbook helps project creators organize all of the key stakeholders in their project along with set a strategy and schedule for when to reach out to them… Read More

White Label Crowdfunding 101: Part II – Players & Profits

Money Time Square

So you want to start a Crowdfunding Portal… In White Label Crowdfunding 101: Players & Profits, (Part II of our three-part series) we will introduce some of the primary white label vendors, sample sites and criteria for vendor selection to help you navigate the options…. Read More

Agency 2.0 Has Helped Raised Millions of Dollars in Rewards Campaigns. Now they are Moving Into Investment Crowdfunding

Crowdfunding 2.0

Agency 2.0 was one of the very first marketing agencies in the rewards-based crowdfunding sector to get it right. Their participation in a campaign on either Indiegogo or Kickstarter almost guarantees success.  The years of honing their technique and perfecting their strategic approach to raising… Read More