Tagged: candace klein

Crowdfunding Is About Creating Jobs For The Right People

Crowdfunding is not just about creating jobs, it is about creating jobs for the right people. In April of 2012, President Obama signed the JOBS Act into law, authorizing crowdfunding of equity and debt for the sake of creating jobs. The more time I spend… Read More

Crowdfunding Stakeholders Leave DC Optimistic, Wanting Action

According to sources in the crowdfunding industry who were present for yesterday’s meetings in Washington, there is reason for cautious optimism in regards to Title III implementation. The message from the industry was clear; We’ve examined the problem domain and we’re ready to go, but… Read More

Advocates Push SEC To Propose Crowdfunding Rules

About a dozen crowd funding and venture capital representatives and small-business advocates on Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowd funding. A type of financing that lets small investors buy equity or debt in startups over the Internet,… Read More

Crowdfunding Industry Leaders Take To Washington To Speed Adoption

After today’s press conference at the National Press Club one thing is clear. Crowdfunding industry stakeholders want movement toward implementation of the JOBS Act and they want it soon. SoMoLend CEO Candace Klein spoke to a concern that tumult in the SEC’s leadership could delay… Read More

“The State of Equity-Based Crowdfunding” Brings Thought Leaders Together In Washington

Photo courtesy jamescridland on Flickr

MEDIA ADVISORY: The State of Equity-Based Crowdfunding…Primed, Capitalized and Waiting on the SEC Members of the Media are Invited to Attend a Press Conference at the National Press Club on February 19th Prior to Briefings at Capitol Hill, The White House, and the SEC Washington,… Read More

Are You Looking for a Small Business Loan in the Right Places?

As an entrepreneur, Candace Klein, founder and CEO of SoMoLend, knows the pain of being on the hunt for money when it’s scarce. While things have loosened up a bit since the financial crisis began, financial institutions, such as banks, are still tight-fisted. When an… Read More

Crowdfunding vulnerable in SEC limbo

Last week, influential crowdfunding advocates pleaded with interim Securities and Exchange Commission Chair Elisse Walter to move a set of rules for legislating last year’s Jumpstart Our Business Startups Act into the required 90-day comment period. They feared that the appointment of a new head would further delay the long-awaited legislation… Read More

The Crowdfunding Solution: If the Government Can’t Fix the Economy… Maybe Entrepreneurs Can

Texas State Capital Building in Austin

I often write about the brave and innovative entrepreneurs in Texas, but that is only because they are working overtime to lead by example in the startup community. We have a history of strong and successful leaders who paved the way for the future of… Read More

Crash Course in Business Plan Competitions

For Jen Barnett, winning two business-plancompetitions was about more than just prize money and bragging rights–it made the difference between launching her company and not.   In July 2011 the Birmingham, Ala.-based web and marketing strategist and her partner, web designer Sam Brasseale, won the incubate!(bang)… Read More

The Crowdfunding Crowd Is Anxious

RYAN CALDBECK was stumped. A director at a private equity firm, he was taking part in a panel discussion at a consumer goods conference last summer in New York when an entrepreneur raised his hand with a question: Where could a young company with just a few… Read More

Crowdfunding How To: ProHatch, IPO Village Founders Share Tips & Tricks

Crowdfunding How To Strategy

For most, crowdfunding success isn’t as easy as posting an offering and sharing it on a favorite social network.  A successful offering takes careful planning and active management both during and after the campaign.  In this crowdfunding how to guide, I’ll outline the process and… Read More

SCORE Crowdfunding Webinar Thursday, December 20th

LIVE Webinar 12/20: CrowdFunding: An Alternative Source of Financing Join us for this SCORE LIVE Webinar presented by Candace Klein, CEO of SoMoLend and Kate Drane, Entrepreneur Engagement Lead at Indiegogo. With crowdfunding, you can borrow as little as $500 or as much as $1,000,000.  It is much… Read More

SoMoLend Can Now Facilitate Loans Through Accredited Investors and Family and Friends

SoMoLend’s platform can service a broader range of borrowers and lenders to fuel small business growth CINCINNATI— While it remains somewhat difficult to obtain financing from traditional means, small business borrowers can now reach out to friends, family and other high net-worth individuals to secure financing…. Read More

Candace Klein Wins WE Celebrate Award for “Best New Product or Service of the Year”

Award from the Cincinnati USA Regional Chamber recognizes Klein for her founding and growth of popular crowdfunding platform SoMoLend.com CINCINNATI—Candace Klein, Founder and CEO of SoMoLend (http://www.SoMoLend.com/), has won the WE Celebrate Award for Best New Product or Service of the Year from the Cincinnati… Read More

SoMoLend Partners with City of Cincinnati to Support Small Business Growth

City of Cincinnati is the newest lender on the SoMoLend.com platform CINCINNATI—SoMoLend (http://www.SoMoLend.com/), a leading debt-based crowdfunding platform, and the City of Cincinnati have announced a new partnership to help Cincinnati, Ohio-area small businesses and entrepreneurs gain access to the funding they need to continue… Read More

Crowdfunding pioneer blazes new funding path in St. Louis through loans

The founder of a unique debt-based crowdfunding platform will be in town Wednesday to to announce her enterprise’s entry to the St. Louis market. Candace Klein, founder of SoMoLend, an online service that allows investors to lend money to small businesses, will be at the… Read More

Pierogi Story Emerges from Crowdfunding Workshop Hosted by Bad Girl Ventures

I was at Shaker LaunchHouse for a crowdfunding workshop organized and led by Reka Barabas of Bad Girl Ventures.  BGV is an organization focused on funding female-owned businesses in the greater Ohio area.  CoolCleveland was… well, cool enough to interview some of the participants, including Reka…. Read More

SoMoLend to Host St. Louis Launch Event December 5 (Flyer)

SoMoLend to Host St. Louis Launch Event and Kick off SoMoLaunch Business Competition December 5 Event focused on small businesses and investors will feature a presentation on crowdfunding for small businesses and a Q&A session with SoMoLend founder Candace Klein ST. LOUIS, MO — SoMoLend, a… Read More

Schapiro Out, Walter In at SEC… Now What?

Mary Schapiro has stepped down as chairman of the SEC.  President Obama has appointed Elisse Walter to head the SEC upon Mary Schapiro’s departure. Immediately following Ms. Schapiro’s announcement, there was some concern that the process of installing a replacement would bring delays to the… Read More

SoMoLend Announces New York Expansion

NEW YORK—In response to increased borrower and accredited investor demand on the east coast, SoMoLend, a debt-based crowdfunding platform headquartered in Cincinnati, has expanded to a second location in New York City. The expansion comes on the heels of receiving funding from NYC Seed, as… Read More

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