The Crowdfunding Professional Association (CfPA) has announced that Rebecca Kacaba, Etan Butler, and Andrew Savikas have agreed to join its board of directors.
At the same time, the CfPA has revealed an updated strategic plan focused on the growth of the industry.
Kacaba is the Chief Executive Officer of DealMaker and has been recognized as one of the Top 100 Most Powerful Women by WXN and named one of North America’s most innovative lawyers by the Financial Times.
Kacaba said that investment crowdfunding provides opportunities for ordinary investors to join VCs to invest and potentially profit in private firms.
“I’m excited to accelerate the growth of the crowdfunding ecosystem.”
Butler is the founding Chairman of Dalmore Group, a FINRA-registered broker-dealer and leader in regulated investment crowdfunding.
“Founded before Regulation Crowdfunding and Regulation A+, my firm has a proud 18-year history of helping entrepreneurs raise growth capital. Serving on the board will allow me to further leverage my experience to foster innovation.”
Savikas, the publisher of YieldTalk, said CfPA has a “parallel mission, allowing me to play a role in helping even more people succeed.”
“We’re thrilled to have Rebecca, Etan and Andrew join the board,” said CfPA President Devin Thorpe. “Each of them brings a unique and powerful perspective that will help the organization execute its strategic plan to help both prospective issuers and investors join the crowdfunding ecosystem.”
The CfPA states that in 2022, the board developed a strategic plan focused on the growth of the industry. CfPA defines investment crowdfunding as any offering of an investment opportunity that is open to the public and includes potential investors of all levels of wealth and income ( Regulation Crowdfunding, Regulation A, Intrastate Crowdfunding, and similar regulated investment crowdfunding outside of the U.S.).
The strategic plan includes the following mission statement:
“The mission of the Crowdfunding Professional Association is to foster the growth of the regulated investment crowdfunding (#RIC) economy by supporting issuers and investors (and potential issuers and investors) working with portal operators and other crowdfunding professionals. On behalf of these constituents, the CfPA advocates with regulators and legislators. The CfPA, a U.S. 501(c)(6) non-profit trade group carries out its mission through publishing online, annual gatherings and periodic webinars, providing guidance to investors and issuers alike.”