Archive for Blogs
JOBS Act: Interview with Arnon Shafir, CEO and founder of give2gether
By David Drake, LDJ Capital and The Soho Loft To probe the legal intricacies revolving around the JOBS Act and how these new laws might impact the crowdfunding scene in the months leading to and right after the much-anticipated full implementation of crowdfunding for equity, David Drake spoke with Arnon Shafir, CEO and founder of [...]
JOBS Act – Rule 506
The JOBS Act or “Jumpstart Our Business Startups Act” was one of the most talked about bills last year. It was implemented to help small to medium sized companies kickstart their business but some provisions of the bill were deemed trivial by some entrepreneurs and investors. In this article by Bruce Methven the JOBS Act’s [...]
New Requirements Re California Investors
By Bruce Methven, Guest Contributor Companies that are planning an offering with California investors should be aware of a new California bill that takes effect on January 1, 2013, Senate Bill 978. Information to Be Provided When There Are Non-Accredited Investors One provision of SB 978 requires the offering company to provide additional information regarding [...]
Moldova State University: Green Enterprising, University Innovation and Alternative Financing for Sustainability
Note: The Soho Loft University Series continues with this seminar at the Moldova State University where David Drake speaks on Crowd funding as an Alternative Financing option for university green innovation and sustainability initiatives and efforts. Date: November 1, 2012 Venue: Moldova State University Location: Chisinau, Moldova Seminar Title: Green Enterprising, University Innovation and Alternative [...]
Making Sense of the Crowded Space of 700 Crowd Funding Platforms
In a recent Forbes article, Devin Thorpe pointed out that there are around 700 crowd funding platforms globally. It seems that new niche platforms are being created every day for a specific industry, region, or demographic. The sheer number of platforms out there overwhelms people who are trying to raise money. This explains why [...]
Crowdfunding for Equity Solutions Series, #10: SEC Suggests – Bring Foreign Capital to the US via Crowdfunding
SEC suggests – Bring foreign capital to the US via crowd funding By David Drake Crowd funding had $1.5 billion in transactions in 2011. Because of the attention being given to the crowd funding bill, we are looking at a $3.2 billion market in 2012. Almost all of that projected market is currently happening [...]
Newsletter: Export $1.5B via Crowd Funding 2012
Subject: TSL News – Export $1.5B via crowd funding 2012 We had a sold out event in Stamford, CT and thanks to Douglas S. Ellenoff from Ellenoff, Grossman & Schole LLP for moderating at the The Soho Loft Funding Post event. We will have the Wine Festival Crowd Funding event next in Sonoma on Friday [...]
Donald Trump on TV – My New Casino: Give Me $10,000 and You Get 10,000 Stock Shares!
This is the promise of the new SEC Reg D 506 exemption proposal at hand and this is how it affects you. By David Drake Securities and Exchange Commission (SEC) Chairman Mary Schapiro supported the proposal to remove the solicitation ban of Regulation D, exemption 506 last Wednesday Aug. 29 in Washingotn DC. “I [...]
Offer Stock for Cash through General Solicitation: SEC proposal on Solicitation under Regulation D, 506 8/29
Analysis and Commentary by David Drake Washington, D.C. — In spite of prior delays, the Securities and Exchange Commission in a 4 to 1 vote finally issued its first proposals for rules under the JOBS Act on August 29, 2012 that would relax general solicitation for accredited investors. The rules were due July 4, 2012, [...]
Crowdfunding – Disrupting the Old Boys Network
By David Drake Crowdfunding for projects and companies is nothing new. In the online arena, however, it is quite young – in 1997 fans of the UK rock group Marillion ran the first recognized internet crowdfunding campaign, raising $60,000 to underwrite the band’s tour of the US. In the years since, other artists have also [...]
