Crowdfunding provides Canadian entrepreneurs with new alternatives for financing. Equity or Debt financing in Canada via crowdfunding portals is currently not accessible to Canadians. With the results from the World Economic Forum Report, Canada’s recent drop of two innovation rankings to 14th place further demonstrates Canada is not taking full advantage of its strong economic fundamentals. “We are integrating our ICC operation with CfPA to further strengthen our national lobbying efforts …Read More
Silicon Valley Debates the Do’s and Don’ts of Equity Crowdfunding
Your Facebook friends would love an “Attaboy” from you when they post about their new jobs, or an “Awwww” when they share a puppy picture. But what will you do when they offer you shares in their startup company? That expansion of social media is on its way, as soon as securities regulators finish the rules for a new way to float private stock issues—equity crowdfunding. Congress, by passing the JOBS (Jumpstart Our Business …Read More
Survey Shows Many Small Business Are Not Aware Of Crowdfunding
At a time when small businesses cannot find capital, it’s hard to believe that small businesses do not know where to look to raise funds. Credit agency Experian discovered that more than two-third of small businesses surveyed by Experian are unaware of crowdfunding. Experian surveyed 300 small and medium enterprises (SME) and found that awareness of different types of business finance is very low among SMEs, with most continuing to rely on traditional bank …Read More
An Interview with David Drake on the Future of Crowdfunding
Crowdfund Insider: You’ve been involved in crowdfunding for quite a while now and were instrumental in the creation of some extremely influential groups. What brought you in? David Drake: LDJ Capital invested in a conference series called The Soho Loft early summer 2011 (from the name of the Loft I had entertained to clients and customers in Soho for the first 10 years of the 21st century). We were hoping …Read More
SEC Offers Forum on Small Business Capital Formation
Washington, D.C., Sept. 20, 2012 – The Securities and Exchange Commission will hold its annual SEC Government-Business Forum on Small Business Capital Formation on November 15 at its Washington, D.C. headquarters. This year’s forum will begin with panel discussions on the implementation of the recently enacted Jumpstart Our Business Startups Act, or JOBS Act, and on small business capital formation issues not addressed by the JOBS Act. During the afternoon, participants will …Read More
Crowdfunding Stifled at Home, Expands Overseas
Crowdfunding, which pools small donations from large amounts of investors, continues to make large, sweeping global inroads. From a donation site supporting the arts to a value-for-value trade to a platform that investors use to find a return on their investment, crowdfunding is becoming a highly sophisticated and radical game-changer. But as it moves towards a business model that attracts more traditional investors, risk also increases. In the United States, …Read More