Speaker Profile of Scott Purcell
Founder, Arctic Island
In 2011 Mr. Purcell founded the securities based crowdfunding platform Arctic Island, which will operate pursuant to Title II and Title III of the JOBS Act. He is an active Board member of the Crowdfunding Intermediary Regulatory Association (CFIRA), a founding member of the Crowdfunding Professionals Association, and the author of the “Best Practices for Funding Portals”, which sets policies for operations, fraud and security. He is also the author of CFIRA’s position on “BD and Registered Portal Regulatory Mechanics” and has been an active editor of numerous other industry positions. As the nascent crowdfunding industry takes shape, Mr. Purcell brings considerable experience in both securities and internet technology.
In 1988 he founded a trust company that managed fixed income instruments for institutional investors, which he sold to a regional bank. Mr. Purcell also started a bond trading desk, a
clearing firm for institutional investors, and published a book “The Guide to Fixed Income Investing”. In 1994 he founded Epoch Networks, one of the world’s first ISP’s, and raised over $60 million in venture capital.
As an initial Board member of the Commercial Internet eXchange (CIX), he often represented the nascent industry before Congress and the FCC. In 1999 Mr. Purcell founded OnAir Networks, raised over $40 million in venture capital and built the first music storage, streaming and downloading services for Sony and Universal. During this time he was retained by the Recording Industry Association of America to advise them on internet technology issues and copyright matters, and to represent the industry before Congress. Since selling OnAir in 2001, Mr. Purcell has started several ventures, including a search engine wholesale business, a family tree and journaling website, and a niche social network.
- University of Southern California BS, Business
- MIT Sloan School of Management Birthing of Giants Executive Entrepreneurship Program
2012 May 10, San Francisco, CA