My 2017 Crowdfunding Wish List

wish-list-22016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding rules. While admittedly not all crowdfunding legislation passed this year was as influential, there have been significant strides made to improve existing securities regulations and to continue prying open the doors of capital and investment. There is still much more to be done however, and 2017 brings the potential for vast improvement. Here are some of the things I am hoping to see come to light in 2017.

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Massive Amendments To Rule 147 May Be Approved TODAY!

SEC 147 2Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of course), over the last week the stars seemed to have aligned themselves and we may actually see these important amendments being approved by the SEC in its live meeting TODAY at 11am EST… with a couple, extremely important modifications, we hope….

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STATE OF THE STATES – An Update On Intrastate Crowdfunding (October, 2016)

Sos Update

While I have kept both my statutory summary pages and comparative summaries relatively up to date, it has been quite a while since I have done an editorial update on Intrastate Crowdfunding. With the increased number of active Intrastate regulations, as well as the growing popularity of the new Title III regulations, I though it was time to take another lay of the land.

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Key Elements To A Successful Reg A+ Offering and Why DSTLD Is A “Perfect Fit”

dstld

Now I don’t usually use this blog to discuss particular crowdfunding offerings. However, after seeing a recent MSNBC piece on DSTLD, and their current Regulation A+ equity offering, I simply had to highlight their truly model story. I believe many wannabe Reg A+ issuers could learn a lot from the DSTLD team, both in terms of what is needed to conduct a successful Reg A+ offering and what to expect.

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To Disclose or Not To Disclose, That Is The Question

DisclosureIn connection with a private offering of securities the issuer will provide potential investors with some form of disclosure document. Regardless of what type of offering it is (e.g. Rule 506, Title III, Intrastate, or other private offering), the intent of this disclosure document is to give potential investors all material information about the company and the deal before they invest. Unfortunately many issuers see this exercise as more of a burden and typically opt for providing only the minimum amount of information possible. This type of approach can often lead to trouble later and with all of the new private offering options available to issuers I thought I would share some my thoughts on the subject.

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