Raising capital for your brilliant business idea through crowdfunding sounds like a simple and straightforward process, but it involves much more than setting up an online donation box. The SEC missing its original July 5 deadline to finalize regulations indicates this investment strategy is a little more complicated than it sounds. As the authors of the crowdfunding framework used in the JOBS Act (and life-long entrepreneurs ourselves), we offer the …Read More

Crowdfunding legislation advocates Sherwood Neiss and Jason Best now head the Crowdfunding Professional Association (CfPA), which was previously under the leadership of Berkeley Geddes, Crowdsourcing.org has learned. The CfPA enacted the transition during a board meeting on Tuesday, June 19. Officially formed May 7, a month after President Barack Obama signed the JOBS Act, the CfPA aims to grow and help cement the credibility of the nascent global crowdfunding community. Neiss …Read More

1.  Startups and small business need to know that using equity-based or debt-based funding may NOT be done until the SEC issues its final rules regarding equity and debt-based crowdfunding.  This is scheduled to occur in the first quarter of 2013, but the exact date will be determined by the SEC. 2.  Businesses that want to be successful with crowdfunding will still need to complete all the steps that are …Read More

Maurice Lopes, the president and CEO of equity-based crowdfunding platform EarlyShares, left the National Crowdfunding Association(NLCFA) in favor of the Crowdfunding Professionals Association (CfPA), he confirmed to Crowdsourcing.org earlier today. EarlyShares co-founder Renee Caputi, Crowdnetic founder and CEO Luan Cox, and CrowdCheck CEO Sara Hanks also left the organization, according to Lopes. Previously members of NLCFA’s interim board of directors, Lopes, Caputi, and Cox will now work with the CfPA to further industry goals …Read More