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Devin D. Thorpe

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Monthly Archives: February 2016

Andy Murray Backs His First British Entrepreneurs Of 2016 On The UK’s No.1 Equity Crowdfunding Platform Seedrs

  • Tennis champion Andy Murray backs British entrepreneurs on UK’s No.1 equity crowdfunding platform Seedrs
  • Andy Murray invests on Seedrs in Oppo, CommuterClub, Landbay, We Are Colony and Readbug
  • Andy Murray makes five early-stage business investments on Seedrs

London, 29 February 2016 – Tennis champion, world number two Andy Murray announced today that he has made his first investments in start-ups of 2016 on the UK’s No.1 equity crowdfunding platform, Seedrs.

Murray identified the five, very different businesses he wanted to back, investing undisclosed amounts into each. He plans to make further investments on the platform as the year continues, as part of his strategic relationship with Seedrs.

His investments include: 2015’s Start-up of the Year Oppo Ice Cream; FinTech50 2015, annual travel ticket subscription service CommuterClub; the UK’s fastest growing P2P lender Landbay, which recently announced a partnership with Zoopla; We Are Colony, a global film streaming platform founded by BAFTA-winning filmmaker Sarah Tierney; and Readbug, the ‘Netflix for Magazines’.

Oppo Ice Cream successfully raised over £390,000 in just over a week on Seedrs, far exceeding its fundraising target of £150,000 within just four hours of going live. Oppo is on a mission to prove that health and indulgence can go hand in hand; guilt-free luxury ice cream with fewer calories than an apple is just the start.

CommuterClub, described as one of ‘the hottest FinTechs in Europe’ is currently fundraising on Seedrs, having raised over £350,000 to date of its £650,000 target. CommuterClub helps commuters save time and money by offering season tickets as a subscription service.

Landbay, who recently announced a strategic investment from Zoopla, is back for its fifth Seedrs raise since December 2013. The proptech lender focuses on prime residential mortgages and is now the UK’s fastest growing peer-to-peer platform. They have raised over £1.2m in their current round.

We Are Colony, a global film-streaming platform, is currently raising £500,000 and has surpassed 70% of its target in just a fortnight. The site creates beautiful special edition bundles of quality films with exclusive extras, such as interviews, deleted scenes, stills, scripts and more. The brand only launched publicly in Spring 2015 but already has registered account holders in 115 countries.

Murray’s final investment is into Readbug, having missed out on its first funding round in May 2014 when it exceeded its funding target. Readbug is looking to raise £50,000 this round with the campaign already hitting its target and overfunding on Seedrs just a week after going live. Readbug offers a curated selection of independent magazines all in one app, and is on a mission to change the way digital magazines are consumed.

Murray said about the investments, “Giving recognition and support to British entrepreneurs is important to me, especially those who are the driving force behind growth-focused businesses. Every one of these entrepreneurs is inspirational and dedicated to their business and I’m excited to have invested in their team’s vision and work ethic.”

“It’s been an exciting start to 2016 for me, for many reasons. To see Seedrs reach £100 million on the platform and so many ambitious and dynamic businesses currently fundraising, means it’s a great start to 2016 for them as well.”

Jeff Lynn, CEO and co-founder of Seedrs, said, “It’s great to see Andy supporting British entrepreneurs so actively on Seedrs by investing in their businesses. Seedrs is now the most active seed-stage equity investor in the UK, and our continued growth and leading position in the market are testament to our reputation and the support from people like Andy.”

5 Ways to Maximize Your Crowd-funded Investments

This is a guest post from David Behin, CEO and Co-Founder of real estate crowdfunding platform CityFunders.

  1. Do your due diligence – Many investors assume that crowd-funding portals only offer guaranteed, safe investments. However, deal success really depends on the people behind the portal. Research the team, the investment and all the deal specifics before committing. Know who is managing your capital and where your money is going specifically. In order to mitigate default risk, do your research of the deal offer. Some portals may overestimate their investment returns to attract investors. Ask yourself if the investment strategies and pro-forma calculations make sense. Completing your due diligence to ensure quality investments can make or break your return outcomes.
  2. Focus on debt deals with solid metrics – Debt deals are notoriously less risky than equity, but can still offer a high return on investment. They are the perfect solution for a risk-averse investor because they offer a safer place to invest in a volatile market. Choosing the right debt deal can also lower the overall risk in your investment portfolio and can offer a passive investment strategy that is hassle-free.
  3. Don’t shove off the market – While some investors are hesitant about the market’s high prices, there are always opportunities to make a solid investment. Crowd-funding portals with local market knowledge have an experiential advantage and they can recognize investment opportunities that others might fail to notice. This is where choosing a portal with a qualified team becomes critical. Ideally, you want a team with expertise in finance, real estate, and technology. Additionally, they should have substantial experience, specifically in the market they are operating in. The team should vet their deals meticulously and set realistic expectations for returns. These characteristics are essential to gain access to better, more strategic deals.
  4. Preservation is the key – Modern investing is not always about getting the highest return. In 2016, investors are interested in sustainable, low-maintenance investments rather than high-risk, high-return approach. Going forward, the goal is to preserve steady, reliable capital growth and to analyze investment returns on a deal by deal basis.
  5. The little things matter – Finite micro-knowledge on deal specifics is vital to maintaining capital, especially in today’s choppy market. The more you know about a deal, the more equipped you are to recognize the risks as well as potential upsides that might arise from an investment. Some things to look out for might include: a deal sponsor’s proven track record, neighborhood trends, and even valuation metrics like cap rates and loan-to-value ratios. Additionally, it is imperative to choose a platform with a high level of transparency. You want a team that openly acknowledges investment risks and is straight-forwards about them.

Real estate crowd-funding promises to revolutionize investing as we know it. Being aware of and implementing these tips can maximize your returns as well as protect you from unnecessary investment risks.

David Behin

David Behin

About David Behin:

David Behin is the CEO and Co-Founder of real estate crowdfunding platform CityFunders. He has been involved in more than $3B of real estate transactions within the tri-state area. A NYC native, he received his JD from Fordham University School of Law, and his Bachelor’s degree from Adelphi University.

Elio Motors CEO: Regulation A+ Brings Wall Street Back to Its Roots; Benefits Entrepreneurs and Investors, Boosts Economy

NEW YORK, Feb. 25, 2016 – When Elio Motors’ (OTCQX: ELIO) shares began trading on the OTCQX® Best Market last week, the start-up vehicle manufacturer made history. It became the first US-based organization to raise capital using Regulation A+, and also the first to have its shares publicly traded. Nearly $17M in funding was raised on the StartEngine Crowdfunding platform, and those shares are now trading on the OTCQX market.

At a media briefing today, Elio Motors’ Founder and CEO Paul Elio praised Regulation A+ as an innovative policy decision that will benefit entrepreneurs, investors and the economy.

“Regulation A+ is how Wall Street was meant to work, “ Elio said. “In Wall Street’s early days, entrepreneurs with a vision to create something great went to the Street to raise money, launch their companies, create jobs and build our economy. Regulation A+ gets back to these roots of connecting entrepreneurs with investors and helping launch big ideas and building things of sustained value.”

In March 2015, the United States Securities and Exchange Commission (SEC) finalized rules under Title IV of the 2012 Jumpstart Our Business Startups (JOBS) Act, that paved the way for private companies to raise up to $50 million from accredited and non-accredited investors alike. This ruling is known as “Regulation A+.”

Elio Motors is launching a three-wheeled vehicle that will get up to 84 MPG with a targeted base price of $6,800. The company has over 50,000 reservations for a place in line to purchase an Elio and is targeting a late 2016 production launch. The company recently raised nearly $17 million through a Regulation A+ stock offering on the StartEngine Crowdfunding platform. The funds will be used to build the company’s E-Series prototypes that will be used for a variety of testing and engineering purposes.

On Feb. 19, Elio Motors’ shares launched on OTCQX, a prestigious financial market for established and investor-focused U.S. and global companies operated by OTC Markets Group Inc. Having its shares traded on OTCQX will help provide liquidity for investors who purchased stock through the Regulation A+ offering.

“The JOBS Act has lifted the veil on capital raising for small companies, taking what was previously a confidential, restricted offering process held behind closed doors onto the Internet and making it available to the crowd,” said R. Cromwell Coulson, President and CEO of OTC Markets Group. “We are thrilled to welcome Elio Motors, the first company to go public under Regulation A+ on our OTCQX market. Trading on OTCQX will allow Elio Motors to provide an efficient and transparent public trading market for its investors as it focuses on growing the company for the long-term.”

Elio Motors’ Regulation A+ initiative was powered by StartEngine Crowdfunding (www.startengine.com), the premier equity crowdfunding platform whose mission is to revolutionize the startup business model by connecting entrepreneurs, like Paul Elio, with aspiring investors.

“By allowing the public to be a part of a potentially disruptive startup, while also helping create American jobs that will boost the economy, this raise marks a new chapter in a financial revolution,” said Ron Miller, CEO of StartEngine. “Elio Motors is emblematic of what equity crowdfunding can do to enable innovation and turn bold ideas into real-world products. Never before have small business owners had direct access to investors at this scale, allowing them to set the terms of their own deal without middlemen or other barriers to success.”

The success of Elio Motors’ stock offering is the latest in a series of important milestones for the company as it launches its low-cost, high-mileage vehicle:

  • In November 2015, the company introduced the P5, its fifth-generation prototype, featuring a 0.9 liter, 3-cylinder engine built by IAV specifically for Elio Motors.
  • On Jan. 12, Elio Motors announced it will begin building its E-Series of prototype vehicles for testing and engineering purposes.
  • On Jan. 20, the company launched its first national advertising campaign to help create additional awareness and generate more vehicle reservations.
  • On Feb. 12, Elio Motors reached 50,000 reservations for a place in line to buy the vehicle.

WR Hambrecht + Co serves as Elio Motors’ capital markets advisor and Designated Advisor for Disclosure (DAD), responsible for providing professional guidance on OTCQX requirements, U.S. securities laws, and corporate finance strategy.

About Elio Motors

Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body.

Starting MSRP excludes options, destination/delivery charge, taxes, title and registration.

Anticipated production date is based upon timely receipt of requisite funding.

About OTC Markets Group

OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

About StartEngine

StartEngine Crowdfunding, Inc., is the premier equity crowdfunding platform, connecting Millennials and aspiring investors with tomorrow’s progressive companies. Based in Los Angeles, the company was created in 2013 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine aims to revolutionize the startup business model by helping people invest in private companies on a public platform, thereby helping entrepreneurs achieve their dreams. Learn more at http://www.startengine.com

About WR Hambrecht + Co

WR Hambrecht + Co was founded in January 1998 to level the playing the field for investors and corporate clients. Like its predecessor firm, Hambrecht & Quist, WRH+Co seeks to identify high prospect growth-stage companies, and then enable access to the capital necessary to fund development, marketing and infrastructure so that these companies can achieve their full potential. WRH+Co’s Regulation A+ strategy is a continuation of Bill Hambrecht’s legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Certain statements in this press release are “forward-looking statements.” These statements involve risks and uncertainties, and the Company undertakes no obligation to update any forward-looking information. Risks and uncertainties that could cause cash flows to decrease or actual results to differ materially include, without limitation, consumer interest in the Company’s products, general economic conditions, consumer and retail trends, costs and availability of raw materials, competition, market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company¹s control. Readers are referred to the Company¹s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The information contained in this press release is a statement of the Company’s present intentions, beliefs or expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and prices, the economy in general and the Company’s assumptions. The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements for any reason. The cautionary statements contained or referred to in this press release should be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.

MyFundNow Launches a Lower Cost Alternative For Crowdfunders

Launching Kickstarter Campaign To Fund Final Aspects of Community Design.

SALISBURY, FEBRUARY 23, 2016 – Salisbury – There is a new crowdfunding platform available to individuals, community groups, innovators, schools, churches and others looking to harness the power of crowdfunding for their project. MyFundNow (https://myfundnow.com) – a low cost alternative to bigger names in the crowdfunding space, has recently launched a flexible funding model with fees of just 3.5% in addition to credit card processing fees.

“MyFundNow has been designed to be an affordable alternative to the larger crowdfunding sites in the marketplace. Repeated studies have shown that even when using Gofundme or Indiegogo, the vast majority of campaigns are funded by people you already know or are connected with. MyFundNow lowers the cost involved in raising funds without sacrificing the tools you get at other places,” said Brent Murphy, founder of MyFundNow.

Crowdfunding websites are used to raise funds for a wide range of causes and concepts. MyFundNow’s goal is to make crowdfunding affordable and flexible for those seeking to raise cash to support their ideas.

“Crowdfunding has been a game changer for so many causes and ideas in the last few years. Our model is built around making it easier and more affordable for people to get their ideas off the ground and to secure funding for projects that need it,” Murphy added. “We want people to use MyFundNow to get their projects launched quickly and successfully. It is our hope that we will be able to help thousands of people improve their lives, create new products, help organizations in need and more by making this tool flexible and affordable.”

MyFundNow allows people to set up their crowdfunding campaign for free and collects just 3.5% of donations beyond the standard credit card processing fees set by the third party processor. All campaigns are vetted by the MyFundNow team before being approved to use the platform and email support is available.

MyFundNow’s first campaign was launched late last week by a US Army Veteran who served four tours of duty overseas. He is seeking to raise $8,000 to fund him returning to the Middle East, this time to fight against ISIS with the Kurdish Peshmerga, who have been so successful in driving ISIS out of occupied cities in Iraq.

Classy and The Leukemia & Lymphoma Society Announce Innovative Five-Year Online Fundraising & Events Partnership

World’s largest voluntary health agency dedicated to blood cancer cures replaces long-time in-house technology with Classy as it looks to the future

San Diego – February 23, 2016 – Classy, the leading fundraising and supporter engagement software for social impact organizations, today announced that The Leukemia & Lymphoma Society (LLS), the world’s largest voluntary health agency dedicated to finding cures and ensuring access to treatments for blood cancer patients, has chosen Classy as its long-term online fundraising partner.

The transition will start with LLS’s flagship campaign, Team in Training (TNT), the world’s first and largest charity sports training program. Since its inception 27 years ago, TNT has trained more than 600,000 participants in triathlons, marathons, cycling events and more, raising nearly $1 billion for blood cancer research and patient support.

In addition to TNT, other LLS national fundraising campaigns moving to the Classy platform in 2016 and 2017 include:

  • Light The Night Walk (LTN): the largest annual fundraiser for LLS, this non-competitive walk is held at more than 150 sites throughout the US, Canada and Australia.
  • Man & Woman of the Year (MWOY): to earn these prestigious titles, candidates all over the country participate in a ten-week fundraising competition honoring local children who are blood cancer survivors.
  • Leukemia Cup Regatta (LCR): local LLS chapters recruit sailors and local businesses to raise funds and participate in sailing races and events.

“We are confident that the expertise and proven track record of Classy will help to elevate LLS’s fundraising capabilities and success, across our many campaigns and programs,” said Claude Edkins, Chief Information Officer at LLS. “As the leading non-profit in the blood cancer arena, it makes sense for us to work with a fundraising technology leader like Classy. This platform not only will make it easier for our participants to engage with LLS through its user-friendly, innovative and robust features, but Classy’s support will enhance our own operations as we aim to grow our revenue through new and unique online fundraising approaches.”

LLS joins a growing roster of more than 2,500 nonprofits of all sizes that use Classy to scale their operations and impact, including Heifer International, Oxfam America, National Geographic, Team Rubicon, FEED, and Pencils of Promise.

“We are extremely excited to partner with such a well-respected and high-impact organization as The Leukemia & Lymphoma Society,” said Scot Chisholm, CEO & Co-Founder of Classy. “LLS has been a pioneer in the peer-to-peer fundraising space with thousands of organizations, both nonprofit and for-profit, emulating their efforts over the past two decades. It is truly an honor to be selected as their long-term fundraising partner and everyone at Classy is thrilled to work with LLS’s innovative team to take our product to new heights.”

Similarly, Classy’s roots also run deep in peer-to-peer fundraising. Motivated by cancer’s impact on the lives of their loved ones, the company’s founding members started a pub crawl to solicit donations for the American Cancer Society. In its first four years, Classy, hosted fundraising events to benefit local nonprofits in San Diego, where the company is based. Disappointed by the lack of fundraising solutions available to them, the company built its own and emerged as an online fundraising platform that any nonprofit could use in 2011.

“More and more organizations are selecting Classy, driven by frustration with the costs and limitations of the traditional software vendors that have monopolized the nonprofit market for too long,” said Chisholm. “Social impact organizations are tackling some of the world’s biggest problems, and there is absolutely no reason why they should be forced to settle for anything less than world-class technology to aid them in their mission.”

For more on Classy, visit www.classy.org

About Classy

Classy is the world’s’ first operating system for social impact with the goal of solving social problems more effectively and efficiently. Since launching in 2011, Classy has helped more than 2,500 social enterprises including Oxfam, World Food Program USA, and National Geographic to raise hundreds of millions of dollars. Classy also hosts the Collaborative and Classy Awards to recognize excellence in social innovation. Based in San Diego, CA, Classy employs a staff of over 150 people and was recently recognized by Fast Company as one of the world’s 10 Most Innovative Companies for Social Good. Classy is backed by investors including Mithril and Salesforce Ventures. For more information, visit www.classy.org or follow Classy on Twitter: @Classy.

About The Leukemia & Lymphoma Society

The Leukemia & Lymphoma Society® (LLS) is the world’s largest voluntary health agency dedicated to blood cancer. The LLS mission: Cure leukemia, lymphoma, multiple myeloma, and improve the quality of life of patients and their families. LLS funds lifesaving blood cancer research around the world, provides free information and support services, and is the voice for all blood cancer patients seeking access to quality, affordable, coordinated care.

Founded in 1949 and headquartered in White Plains, NY, LLS has chapters throughout the United States and Canada. To learn more, visit www.LLS.org. Patients should contact the Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m. ET.

Elio Motors’ Shares Launch on OTCQX: Start-up Vehicle Manufacturer Raised Nearly $17 Million Through Regulation A+; OTCQX Trading Provides Investors Liquidity

Stock offering one of several mission-critical steps forward in the past three months for startup vehicle manufacturer

PHOENIX, Feb. 19, 2016 – Elio Motors, Inc. (OTCQX: ELIO), the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 MPG with a targeted base price of $6,800, today announced its shares are now trading on the OTCQX market under the stock symbol ELIO.

“This is a proud day for Elio Motors and an important step forward in our development and mission to bring low-cost, highly fuel-efficient transportation to the market,” said Paul Elio, founder and CEO of Elio Motors. “Funding is often a significant roadblock for bringing big ideas to the market. Regulation A+ allows entrepreneurs a quicker and more-efficient method for raising capital. Now, with those shares trading on the OTCQX, investors have the opportunity to buy into the Elio Motors mission and vision to positively impact the world.”

Elio Motors is the first company to have its shares traded publicly on the OTCQX after going through the entire Regulation A+ process. In March 2015, the Securities and Exchange Commission (SEC) finalized amendments to Regulation A under Title IV of the 2012 Jump Start Our Business Start-up (JOBS) Act, paving the way for private companies to raise up to $50 million from non-accredited investors. Elio Motors was one of the first companies to launch a formal stock offering utilizing Regulation A+ on Nov. 20 , 2015, after receiving qualification from the SEC. The company closed the Regulation A+ offering on Feb. 16, having raised nearly $17 million and began the transition to the OTCQX market.

WR Hambrecht + Co serves as Elio Motors’ capital markets advisor and Designated Advisor for Disclosure (DAD), responsible for providing professional guidance on OTCQX requirements, U.S. securities laws, and corporate finance strategy.

“Our team is passionate about growth companies such as Elio Motors because they represent a great opportunity for all classes of investors,” said John Hullar, Managing Partner, WR Hambrecht + Co.

The success of Elio Motors’ stock offering is the latest in a series of important milestones for the company as it launches its low-cost, high-mileage vehicle:

  • In November 2015, the company introduced the P5, its fifth-generation prototype, featuring a 0.9 liter, 3-cylinder engine built by IAV specifically for Elio Motors.
  • On Jan. 12, 2016, Elio Motors announced it will begin building is E-Series of prototype vehicles for testing and engineering purposes.
  • On Jan. 20, 2016, the company launched its first national advertising campaign to help create additional awareness and generate more vehicle reservations.
  • On Feb. 12, 2016, Elio Motors reached 50,000 reservations for a place in line to buy the vehicle.

“The past three months have been among the most important and productive in our company’s history as we continue to reach one milestone after another,” said Elio. “Seeing our shares go live is a monumental step forward for our company, our fans, our reservation holders and our investors. We have built a passionate following of grass-roots fans and reservation holders who believe in this project, and their support has been a big reason for our success. We’d like to thank them for their enthusiasm, and we hope they celebrate with us today. This infusion of capital will fuel our development and our drive to production.”

Elio Motors plans to manufacture the vehicle in Shreveport, La., at a former General Motors production facility. The company is committed to creating American jobs and helping to boost the country’s traditional leadership role in manfucturing.

About Elio Motors

Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock and air conditioning accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio’s first manufacturing site will be in Shreveport, Louisiana.

About WR Hambrecht + Co

WR Hambrecht + Co was founded in January 1998 to level the playing the field for investors and corporate clients. Like its predecessor firm, Hambrecht & Quist, WRH+Co seeks to identify high prospect growth-stage companies, and then enable access to the capital necessary to fund development, marketing and infrastructure so that these companies can achieve their full potential. WRH+Co’s Regulation A+ strategy is a continuation of Bill Hambrecht’s legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Forward-Looking Statements

Certain statements in this press release are “forward-looking statements.” These statements involve risks and uncertainties, and the Company undertakes no obligation to update any forward-looking information. Risks and uncertainties that could cause cash flows to decrease or actual results to differ materially include, without limitation, consumer interest in the Company’s products, general economic conditions, consumer and retail trends, costs and availability of raw materials, competition, market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Readers are referred to the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The information contained in this press release is a statement of the Company’s present intentions, beliefs or expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and prices, the economy in general and the Company’s assumptions. The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements for any reason. The cautionary statements contained or referred to in this press release should be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.

SOURCE Elio Motors

Patch of Land Working To Rebuild America’s Communities

Patch of Land, one of our sponsors, is playing a key role in rebuilding the country following the the economic earthquake that hit the country in 2008 with its epicenter in the real estate market.

AdaPia d’Errico, the firm’s chief marketing officer, explains, “Private lending is known as ‘hard money’ lending; it carries a negative stigma, and for good reason. Predatory pricing, no oversight, and basically no protection for borrowers and even for investors meant that these loans and this type of lending have been extremely risky.”

She adds, “And it was the only kind of lending available to real estate professionals following the financial crisis, because banks could not and would not lend on what they deemed to be risky real estate transactions – property prices were the lowest EVER, and no one would take the risk of lending to people who were trying to rebuild America after the crash.”

“Patch of Land is solving the problem of access to capital for real estate professionals who are rebuilding and revitalizing their communities. By creating a marketplace built around transparency, trust and standardized underwriting, we’ve created a more open, accessible and simplified way for funding transactions to occur on what has historically been an opaque lending industry. We pride ourselves on working with individuals who are improving properties, rehabbing homes, and contributing to economic growth in their areas,” she continues.

AdaPia is excited about the future that Patch of Land will help to create.

“We are going to make a huge positive impact because we are applying technology, and data, to bring light and transparency to this dark industry. It will give more people access to funding, and more investors the opportunity to make a return on an investment that has a truly tangible outcome,” she says.

Patch of Land is helping to rebuild communities, she says. “Ultimately, we’re making a massive impact by enabling real estate professionals to get their funding quickly, to work quickly, and to rebuild their neighborhoods. Better homes means families can live in safer areas, in clean, good, strong homes. Everyone deserves a good home to live in, and together we are literally rebuilding America’s communities.”

By bringing institutional capital to play in this space, Patch of Land is professionalizing the market. “Because of the way we are doing it (with technology and data) we are actually bringing large financial institutions into the mix — they are willing to work with us, as we work with the real estate professionals. So we’ve turned it all around. Like a real community, making real change,” AdaPia concludes.

On Thursday, February 18, 2016 at 5:00 Eastern, AdaPia will join me for a live discussion about Patch of Land’s efforts to rebuild America. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

You can download an audio podcast here or subscribe via iTunes.

More about Patch of Land:

Twitter: @patchofland

Patch of Land is a leader in crowdfunding real estate through its P2RE (peer-to-peer) online marketplace. We match investors & lenders seeking alternative fixed income opportunities to borrowers seeking alternative sources of financing for their real estate investment needs. We’ve infused technology into an old-as-time tradition of real estate financing and we’re proud that our business model builds wealth, while growing communities.

Adapia d'Errico, courtesy of Patch of Land

Adapia d’Errico, courtesy of Patch of Land

AdaPia’s bio:

Twitter: @adapia

AdaPia d’Errico is an entrepreneur, investor, and strategic business advisor. She worked in banking and finance in her early career, transitioning into entrepreneurial ventures in brand development and strategic marketing across the new media, consumer products and entertainment industries. Over the past three years, she has done a deep dive into the high-growth alternative finance space as Chief Marketing Officer at Patch of Land, where she is responsible for driving brand awareness, marketing and communications strategy, and partnerships and business development. She has positioned the company as a recognized leader in real estate crowdfunding, P2RE®, and marketplace lending. AdaPia is a frequent contributor and presenter on these topics, as well as on topics ranging from leadership and marketing, to real estate, economics and crowdfinance.

AdaPia’s business philosophy is rooted in providing the highest possible value to clients and partners, and developing longstanding, mutually beneficial relationships. She has co-founded two businesses with women partners, coached entrepreneurs, start-ups, and taught business students. She is passionate about encouraging women in to succeed not only in business – but also in all aspects of creating a successful life. AdaPia has lived and worked in 5 countries, and obtained her Bachelor of Business Administration degree from the University of British Columbia.

Remember to “join the cavalry” by subscribing to our content here.

Devin D. Thorpe

Investor Offers Tips to Entrepreneurs

Todd Crosland is the CEO and Founder of Seed Equity Ventures, a registered broker dealer operating an equity crowdfunding site that sponsors this site.  Todd offers some tips for entrepreneurial success.

Todd is a proven entrepreneur. Having founded Interbank FX, a global foreign exchange trading platform he sold in 2011, he’s earned his stripes.

He offers two key tips for entrepreneurs:

  1. Trust your instincts. For entrepreneurs trying to achieve success, its imperative to trust your instincts. Becoming a successful entrepreneur means taking a leap of faith and trusting that if you work hard and remain passionate about what you’re doing, you will find success.
  2. Put the right people in the right positions. It is also important that before you focus on where the company is going, you ensure you have the right people in the right position, then focus on the direction.

On Thursday, February 18, 2016 at 3:00 Eastern, Todd will join me here for a live discussion about these tips and more. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

You can download an audio podcast here or subscribe via iTunes.

More about Seed Equity Ventures:

Twitter: @getseedequity

Seed Equity Ventures is a registered broker dealer with the U.S. Securities and Exchange Commission and a member of both FINRA and SIPC, providing investment banking services to startups and growth companies from around the world. Seed Equity believes the best entrepreneurs in the world should be funded, no matter who they are or where they live. Investors throughout the world, should have a voice to choose what the future should look like. They should be able to support entrepreneurs who will build that future. Seed Equity was founded to provide growth equity to entrepreneurs and their startups in exciting industries globally.

Todd Crosland, Seed Equity Ventures

Todd Crosland, Seed Equity Ventures

Todd’s bio:

Twitter: @ToddCrosland

A seasoned entrepreneur, Mr. Crosland has demonstrated the ability to build successful teams and companies. Mr. Crosland was the Founder, Chairman and CEO of Interbank FX, LLC (“IBFX”; www.IBFX.com), from 2001 until he sold the firm in 2011. IBFX was a Futures Commission Merchant and Retail Foreign Exchange Dealer registered with the U.S. Commodities Futures Trading Commission. IBFX was also authorized and regulated by the Australian Securities and Investments Commission.

IBFX was a worldwide leader in retail Forex trading services. IBFX offered individual traders, fund managers and institutional customer’s proprietary technology and tools to trade Forex online. IBFX saw Global customers grow to over 40,000, in more than 140 countries. Annual trading volume reached $750 billion. IBFX had 120 employees and offices in Beijing, China; Seoul, South Korea; Sydney, Australia; Salt Lake City, Utah and London, England.

IBFX and Mr. Crosland have received many awards, including: The Ernst and Young Entrepreneur of the Year Award and numerous Inc. 500 awards.

Mr. Crosland holds a B.A. in Business (Business Finance) from the University of Utah. He also currently holds the following Securities Licenses: Series 7, 24, and 63 and previously held series 3 and 30 Licenses.

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Devin D. Thorpe

 

Help This Girl To Change the Way of Fighting Cancer

CanPlan is not only a cancer planner but also a road-map to recovery.  Sharon Kim is raising money on Kickstarter for publishing this book. Recently I caught up with her to learn more about the effort; here’s what she told me:

What is the social benefit you hope to achieve with or through your crowdfunding campaign?

CanPlan will change the way patients & caregivers fight cancer by guiding them through the various stages of cancer. The planner encourages patients to be proactive about self healing and to not become co-dependent on the doctor. It promotes a happier, healthier lifestyle with positive thinking & natural therapies. The planner educates patients on all available treatment options by clarifying esoteric information. CanPlan will empower millions of patients to share their cancer story so that others may find courage and strength to overcome their illness.

Merp.original

How much money are you hoping to raise and why? How much have you raised so far?

All we need at this point to begin the printing process are the funds to secure the publishing of the planners. Every bit of the funds from this project will go towards the production of the planners.

Here’s the breakdown assuming we make the $12,000 goal:

  • $7,000 will go towards printing & manufacturing
  • $3,500 will go towards shipping & handling
  • $1,080 will go towards Kickstarter fees (9% of funds)

The remaining funds will go towards CanPlan’s 2nd edition ( Jan 2017)

Whom are you trying to help with your project and why?

The loss of my mom motivated me to create an effective tool that empowers cancer patients and caregivers on the road to recovery from cancer. Through my family’s painful journey, the basis for CanPlan was formulated. And after many, MANY long nights full of tears, frustration, joy and every emotion you could ever think possible…CanPlan is finally ready to help guide the millions of people affected by cancer.

According to the American Medical Association’s (AMA) Physician database, there are approximately 13,400 doctors in the US who specialize in oncology, the study of cancer, while there are 14.5 million people living with cancer. The resulting doctor to patient ratio is 1:1,044. Now you can begin to see how this shocking demographic has a direct correlation to why patients do not have access to essential personalized care. This is why it’s critical for cancer patients to be proactive about their care. With CanPlan, patients now can.

Here at CanPlan, we embrace the collective perspective.

We are a community of patients & caregivers, full of fight and spirit, engaged collaborators who share ideas, plans and stories about overcoming cancer.

If we don’t exercise our civic responsibility to protect each other and future generations from this malicious disease, we will leave this world a deadly disaster for our children and their children’s children. In the early 1900s, one in twenty people developed cancer. In the 70s, it was one in ten. Today, it’s one in three. Cancer has become one of the leading causes of deaths in the world. And that’s why this project is well worthy. It goes beyond to help solve an urgent epidemic.

What rewards, if any, are you offering to your supporters?

  • $2 Full PDF Copy of CanPlan
  • $15 Customized Motivational Letter to Cancer Patient
  • $25 for 1 Printed CanPlan Donated on Your Behalf + Gratitude Shoutout Online

We are also offering group incentives for:

  • $140 for 5 Printed CanPlans
  • $550 for 20 Printed CanPlans + Gratitude Shoutout in 2017 edition
  • $3,500 for 100 Printed CanPlans + Gratitude Shoutout in 2017 edition

Check out the campaign:

Visit the website.
Follow on Facebook.
Follow on Twitter at @cancerplanner

Sportswear Icon, SKINS, Launches £2 Million Equity Crowdfunding Campaign To Make A Difference

Global premium sportswear brand, SKINS, has launched an equity crowdfunding campaign in the UK, Europe, Australia and New Zealand.

The Aussie brand and inventors of sports compression is working with Seedrs (and partner company, Equitise in Australia and New Zealand) to launch the £2 million fundraising campaign inviting potential investors to join the brand on its journey.

SKINS, which was founded in 1996 and currently sells products in 43 countries, has become famous in recent years for a number of activist initiatives in the world of sport, including, most notably, its role in calling for reform in FIFA last year. The crowdfunding campaign goes live to the public on Monday 15th February 2016.

Executive Chairman, Jaimie Fuller, said of the crowdfunding initiative: “SKINS began life making sportswear that enabled athletes to improve their performance. Over the years, our mission has transcended the field of play and we have become increasingly concerned with making a difference in the world of sport. We see crowdfunding as a fantastic opportunity for like-minded people to become part of our journey.”

Jeff Lynn, CEO & Co-Founder, Seedrs, said: “We’re incredibly excited to be working with SKINS. Not only does it have great products, but it has a unique brand purpose that really makes it different. This is a really exciting opportunity for people to invest in a business they believe in and share in its success.”

Visit the SKINS crowdfunding campaign page at www.seedrs.com/skins to find out more about the opportunity.

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