Newsletter: August 15, 2012

[TheSohoLoft] Newsletter: August 15, 2012
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OPIC picks Gate Impact crowd funding and portfolio management system for global roll-out by David Drake


Gate Impact has taken a monumental step forward for crowd funding. By partnering with OPIC, Gate’s platform can facilitate crowd funding transactions globally with a specific focus on emerging and frontier markets. Historically, OPIC has participated in over 200 billion dollars of transactions globally with an increasing amount targeted towards small and medium size enterpises and recently allocated @ 14 billion dollars towards funding SMEs in Africa alone. David Drake, an advisor to Gate , states ” By working with Gate you benefit from the experience of legacy investors in emerging markets, access to political risk insurance, a regulatory compliant investment platform, a built in exit strategy, actionable knowledge and industry leadership while creating jobs and growing businesses globally. We anticipate a paradigm shift in capital formation if the number of enterprises lining up to be listed on the platform is any indication”.

OPIC Selects GATE Global Impact as Originator in Enterprise Development Network

WASHINGTON, DC, Jul 12, 2012 (MARKETWIRE via COMTEX) — The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected GATE Global Impact, a New York-based financial services company, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas.

The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC — the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets — to provide financing to SMEs doing business in developing countries.

Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.

The mission of GATE Global Impact is to fulfill the increasing global demand for market infrastructure that enables capital to identify and transact in investments that provide a sustainable social… please click here for full press release

The Soho Loft  is now the leading crowd funding writer at Globe Forum in Scandinavia with 10,000 unique visitors daily.

Please visit this link to his article in Globe Forum and also suggest how your firm or you can be quoted and be part of our next article:

Crowd Funding for Equity Solutions Series #1: Investor Protection by David Drake. Any workable crowdfunding regulation will require an investor protection mechanism.

VIDEO: [TheSohoLoftEvents] David Drake at Globe Forum 2012


MicroAngels eyewitness report from the SEC that David Drake received last week from a private meeting held with the SEC July 16, 2012.
Mark Perlmutter writes July 29 to The Soho Loft:
I shared experiences on three topics:
1 – Lessons learned from the leading crowd funders in Australia and Europe.
2 – How existing DPO laws are perfect for crowd funded startups.
3 – The California experience which allows advertising of intra-state private offerings.

David Drake participated as the delegation to the US-EU TransAtlantic Economic Council which was held in Brussels and Rome July 10-13 to discuss Small Medium-sized Enterprises’ access to capital.     “This was a fascinating discussion between fund of funds, government programs, public exchange platforms, VC and Angel networks, crowdfunding to SBA and SBIC program extensions on both sides of the Atlantic….” says Mr. Drake.

Steven A. Cinelli, Founder and CEO of Primarq submitted this letter to SEC Thursday July 26, 2012.  It gives a relevant insight to crowd funding Title III under the JOBS Act.  We fully support and agree with the comments of Steven Cinelli.  “His experience with Off Capital and derivatives experience offers a globally leading crowd funding and realty exchange platform at Primarq. “ according to David Drake.

Senator Jeff Merkley (D-Oregon) wrote this letter addressed to President Obama on Thursday July 26, 2012.  It is an excellent piece on what is needed for crowdfunding investment to become an effective law – The Soho Loft supports this thorough outline of what is needed.  Please share this letter.

US Commerce Delegation to Rome, Italy: The Soho Loft and GrowVC at the Transatlantic Economic Forum on Funding.   “The European Commission we met understand that a pan-European crowd funding for equity bill would be needed as entrepreneurs are leaving Europe for the US market.  The acceptance of donations, philanthropy,  use of credit and the US momentum from the JOBS Act in crowd funding just makes the US crowd funding accelerate while Europe has been stagnant in growth in the space.” – David Drake

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