Crowdfunding “Superexciting for Women;” Crowdfunding in the News
Baat Enosh of Women 2.0 wrote on June 15, 2012 that crowdfunding can be “superexciting for women.” She adds, “historically, women consisted of about 10% of angel investors. Crowdfunding could be a huge turning point for that number. Her article features an interview with Candace Klein, found and CEO of SoMolend.com and co-chair of the Crowdfund Intermediary Regulatory Advocates. Ms. Klein mentioned that 70% of the users who signed up to invest via SoMoLend were women.
Dan Blacharski posted on his Crowdfunding Jumstart blog on June 15, 2012 that crowdfunding has more to offer than money. “Having the crowed brings you other advantages, too. If you’re developing a product or a service, you have a built-in focus group on whom you can test ideas and product innovations.”
The Economist reports in its June 16, 2012 edition that “crowdfunding is booming.” The article adds “talk of crowdfunding as a short-lived fad has largely ceased, as evidence mounts that lots of people value personal engagement with projects they help to finance.” Fears of fraud may be overdone, according to the article. “Crowds may be harder to cheat than individuals.”
CFIRA has appointed Freeman White of Launcht.com, Vince Molinari of Gate Technologies, Candace Klein of SoMoLend.com and DJ Paul of Crowdfunder to its first Executive Committee. CFIRA has grown to almost 70 members who are committed to building a united crowdfunding industry voice for collaboration with securities regulators, financial industry professionals, investors, and entrepreneurs
David Drake of LDJ Capital published his fifth article in his series “Crowd Funding for Equity Solutions Series,” which covers the topic of how to deal with “Held of Records” matters under the JOBS Act.