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The best source for news and information about crowdfunding for good.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: May 2016

Craig Newmark and CrowdRise Launch 4TH Annual Veterans Charity Challenge to Support America’s Heroes

Annual crowd-funding campaign has raised more than $1 million for nonprofits to date

Press Release – SAN FRANCISCO, Calif. (May 31, 2016) – Memorial Day marked the official launch of this year’s Veterans Charity Challenge, a joint effort by craigslist founder Craig Newmark and the crowdfunding platform CrowdRise to drive financial support for nonprofit organizations benefiting veterans, military families, police, and firefighters. As in year’s past, the Veterans Charity Challenge 4 will run during the Memorial Day to 4th of July period.

Organized by CrowdRise, the crowd-funding Challenge awards prizes provided by Newmark to the nonprofits which raise the highest amount in donations between now and the 4th of July.

“We run the Challenge between the week of Memorial Day to about the 4th of July because at this time folks are reminded how much we owe to our vets, their families, and to public safety people like police and firefighters,” said Newmark. “Though we should really be showing them our appreciation year-round.”

Almost 50 nonprofits are already signed up to participate in the Challenge. Other nonprofits can join until June 10.

The first three annual Challenges including cash prizes by Newmark and others have raised more than $1 million for participating nonprofit organizations.

Prize opportunities in this year’s Challenge include:

  • The top raising charity will receive a $20,000 donation;
  • Second place will get $10,000;
  • Third will get $5,000;
  • Fourth will get $2,500;
  • Fifth will receive $1,000;
  • Plus, there will be a total of $11,500 in weekly Bonus Challenges being given away, as well.

Even if an organization does not win a grand prize, it still gets to keep all the money it raised.

CrowdRise helps participating organizations every step of the way, including webinars, email content, social media posts, 24/7 support, tips, and more. “The goal’s to make this Challenge super successful for your cause without adding any bandwidth to your team,” said Newmark.

“We’re so excited to be working with Craig and his squad again on a fourth Veterans Charity Challenge,” said CrowdRise cofounder and CEO Robert Wolfe. “The stories we hear from organizations are awesome and overwhelming in the best way ever. The notion that we’re able to help veterans, their families, police and firefighters in a campaign that’s meaningful and fun is just so great. Challenges like this are exactly what crowdrising is all about.”

For further information visit www.crowdrise.com/veteranscharitychallenge4

Legion M Joins Forces with Alamo Drafthouse Paving New Paths for Creative Filmmakers

Partnership Brings Film Expertise, Advisory and Distribution Pipeline to Legion M’s Esteemed Creative Alliance

Press Release – Silicon Valley, CA – May 26, 2016Legion M, the world’s first fan owned entertainment company and Alamo Drafthouse, the leading independent theater chain and distribution company announced today a strategic partnership to further the development and distribution of high quality genre content, including feature films, shorts and virtual reality.

Alamo Drafthouse brings unprecedented access to the film industry, spanning exhibition, festivals and distribution and will service Legion M with scripts, projects and talent for potential investment. Legion M provides instant access to a legion of fans and helps to extend the reach and engagement of any project. Alamo Drafthouse will also serve on Legion M’s advisory board and help evaluate potential projects.

Drafthouse Films, the film distribution arm of Alamo Drafthouse Cinema has been developing and distributing independent genre films since 2010, including Joshua Oppenheimer’s Oscar nominated THE ACT OF KILLING, Karyn Kusama’s terrifying chiller, THE INVITATION and the soon to be released RAIDERS!, detailing the greatest fan film ever made. Legion M recently launched at Silicon Valley Comic Con and has generated a loyal fan/investor base ready to fund and support projects that the companies will be bringing to market. Alamo Drafthouse joins forces with Legion M’s creative partners, Stoopid Buddy Stoodios, 42 Entertainment and Meltdown Comics.

“We created Legion M to connect filmmakers and creators with the most vital components to the creative process: funding and fans,” said Legion M CEO and co-founder Paul Scanlan. “Alamo Drafthouse strengthens our expertise in film while adding the critical third component of the process, distribution. We are bringing fans, creators, funding, and now distribution together to reinvent the production and distribution paradigm.”

“We’ve built relationships with filmmakers all over the world, all of whom are looking for bold, innovative ways to get their films financed and distributed,” said Alamo Drafthouse CEO Tim League. “Our partnership with Legion M is revolutionary as it will allow us to do this in a way that empowers both the filmmaker and the fan in a completely unique way.”

First launched in 1997, Alamo Drafthouse has built a loyal audience of movie lovers through its progressive programming, full service, in theater dining and strict no talking, no texting policies . Its distribution division, Drafthouse Films launched in 2010 and has released over 40 titles to date and has received Oscar nominations for BULLHEAD, THE LOOK OF SILENCE and THE ACT OF KILLING.

About Legion M

Legion M will be the world’s first FAN-OWNED entertainment company. FANS own the company, FANS get behind the scenes, and when Legion M is successful—FANS share the rewards! Legion M co-founders Paul Scanlan and Jeff Annison are the Emmy winning team who co-founded MobiTV, the pioneer and market leader in over the top and multiscreen platforms and content monetization, as well as the New York Rock Exchange which brought Fans and the musical artists they love together in partnership.

Legion M’s mission is to empower creators to push the boundaries, and empower Fans to be a part of the content they love. Join us at www.thelegionm.com.

About Alamo Drafthouse

Tim and Karrie League founded Alamo Drafthouse Cinema in 1997 as a single-screen mom and pop repertory theater in Austin. 19 years later, the now 24-location chain has been named “the best theater in America” by Entertainment Weekly and “the best theater in the world” by Wired.com. The Alamo Drafthouse Cinema has built a reputation as a movie lover’s oasis not only by combining food and drink service with the movie-going experience, but also introducing unique programming and high profile, star-studded special events. Alamo Drafthouse Founder & CEO, Tim League, created Fantastic Fest, a world renowned film festival dubbed “The Geek Telluride” by Variety. Fantastic Fest showcases eight days of genre cinema from independents, international filmmakers and major Hollywood studios. The Alamo Drafthouse’s collectible art gallery, Mondo, offers breathtaking, original products featuring designs from world-famous artists based on licenses for popular TV and Movie properties including Star Wars, Star Trek & Universal Monsters. The Alamo Drafthouse Cinema is expanding its brand in new and exciting ways, including Drafthouse Films which has garnered two Academy Award nominations in its short four-year existence and Birth.Movies.Death., an entertainment news blog curated by veteran journalist Devin Faraci.

Seed Equity Founder Reveals Investment Process


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

Seed Equity Ventures, one of the sponsors of this site, operates an SEC/Finra registered broker dealer and crowdfunding site for seed stage companies. The firm’s founder, Todd Crosland, shared with me the firm’s investment process.

The process has six discrete steps:

  1. First Contact: Most contacts come through the firm’s network of venture capitalists, accelerators, angel investors and entrepreneurs. Getting introduced via one of these sources is the most effective way to get your deal in front of the firm.
  2. Screening: Before getting serious about an opportunity, the firm conducts a brief evaluation of the company’s technology, business model, founders, market and financials. If everything looks good on the surface, the firm moves to step 3.
  3. Due Diligence: At this stage, the firm conducts what can be a months-long process of evaluating in-depth the company’s technology and IP, the business model, management, market and exit strategies. The firm will also run background checks on the management team and key owners.
  4. Investment: The investment step includes the negotiation of a transaction at a valuation and under terms that will be acceptable both to the firm and the company.
  5. Mentorship: Seed Equity looks to help its portfolio companies grow and succeed. The firm will actively work to leverage its relationships to help the company grow and find future rounds of capital.
  6. Exit: The ultimate financial goal for the firm is to help the entrepreneur achieve a successful exit, usually through an IPO (initial public offering) or M&A transaction (sale of the company to a strategic buyer).

This process is not unusual in venture circles and similar processes are being used by some other players in the crowdfunding space.

On Thursday, May 26, 2016 at 2:00 Eastern, Todd will join me for a live discussion about the investment process Seed Equity uses to screen investments, close deals and move their portfolio companies forward toward successful exits. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

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.

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

Devin D. Thorpe

Zion Tunnel Preservation Project

Preserving the Zion Tunnel

by Lyman Hafen

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The historically iconic Zion Tunnel is dear to the hearts of people across the country and around the world. During the month of June, 2016, everyone who cares about the tunnel can vote online to support a substantial grant that, if won, will provide funding to preserve and maintain the Zion Tunnel into the future. The grant is funded by American Express through the National Trust for Historic Preservation, as part of their Partners in Preservation initiative. Twenty national park historic preservation projects, including the Zion Tunnel Preservation Project, have been named finalists for a total of $2 million in funding, all of this to celebrate the 100th Anniversary of the National Park Service. National Geographic is hosting the online voting which begins May 25 and continues through July 5. You can vote once a day for the project of your choice and the winning projects will be announced soon after July 5. To vote, go to VoteYourPark.Org. For detailed information on the “Zion Tunnel Preservation Project” and how you can support it, go to the Zion National Park Foundation website at zionpark.org.

In the region we now know as the State of Utah, it has always been easier to travel north and south, than east and west. It has to do with geological forces deep in the earth. And the result is that most of the mountains, faults, fissures and fractures in red rock country run north and south, leaving openings for north-south travel through the valleys, while rugged ridges, canyons and plateaus hamper movement east and west. So it’s always been easier to get from St. George to Salt Lake City, than, say, from St. George to San Juan County.

With the advent of automobiles and independent tourism, southern Utah boosters got serious in the early 1920s about figuring out a way to exit and enter Zion Canyon from the east. As the nation started to realize the amazing beauty of this area, voices began to be heard in Washington demanding better access. It took a lot of time, money and ingenuity, but when the task was accomplished, three magnificent national parks – Zion, Bryce and Grand Canyon — were brought within reach of a fast-traveling public.

Centuries ago Native Americans built the first trail out the east side of Zion Canyon. Some 20 steps chiseled into the sheer rock near today’s Weeping Rock parking lot attest to the fact that the Paiutes went out through Echo Canyon over the East Rim.

In the late 1800s, a local stockman named John Winder built the first pioneer livestock trail up and over the same rock face. In the years following the designation of Zion Canyon as a national monument in 1909, local park employees did extensive work remodeling Winder’s trail and building others. But the idea of an actual road out the canyon’s east walls seemed beyond the reach of everyone.

Then, in 1923, Howard Means, Chief Engineer of the State of Utah, and B.J. Finch, a district engineer for the federal government, were sent to Zion Canyon to determine, once and for all, if a road could be built out the east side.

Their initial determination: impossible.

Then someone introduced them to John Winder, who showed them where the road should go up Pine Creek Canyon. They surveyed the route and determined it would be feasible. Their biggest hurdles would be engineering a mile-long tunnel through the stone towers and convincing Congress to appropriate money for such a project.

What they proposed to do, including constructing three and a half miles of switchback road up the talus slope of the canyon and the one-mile tunnel through solid sandstone, would be impossible to get approved and funded today, but the country’s can-do attitude in the mid-1920s opened the way. By the summer of 1927, the Zion-Mt. Carmel Highway and Tunnel had been approved and funded. Area promoters and politicians, along with the National Park Service under its first director, Stephen Mather, had convinced a reluctant Congress that the project would work.

On September 27, 1927, the first six men hired by the Nevada Contracting Company started clearing a right-of-way up Pine Creek Canyon. Over the next two years the number of workers would reach more than 200, and what they accomplished in those two years with limited technology and primitive equipment, is still hailed as a wonder today.

Vote_Zion_web_banner_600px

It took just eleven months and twelve days to blast the tunnel through the mountain. By the end of 1929, the road was complete enough that a car could be driven over the entire route. But it wasn’t until July 4th, 1930, that all the work was finished, and that’s the day dignitaries from across the country gathered near the tunnel entrance to dedicate the engineering marvel and open it to the public.

Over the ensuing decades the tunnel has become as much an icon of Zion National Park as the Great White Throne or Angels Landing. For many, their first experience driving through the tunnel is the overriding memory of Zion, something they carry with them the rest of their lives.

Now we all have the opportunity to play a part in the Tunnel’s future by voting for a grant that will help preserve it for decades to come. Between May 25 and July 5, you can vote once a day for this important grant by going to VoteYourPark.org.

Source: http://zionpark.org/resource/

VerteCore Raises $208,920 via Indiegogo Crowdfunding Campaign; 570 Backers Purchase a VerteCore Lift to Receive Affordable, Convenient, and Comfortable Back Pain Relief in July 2016

Strong Demand for the Back Pain Relief Medical Device Surges Past 321% of the Original Crowdfunding Goal; VerteCore Management Extends Campaign, Adds Last Minute Perks/Rewards

Press Release – AUSTIN, TX–(Marketwired – May 23, 2016) – VerteCore Technologies (http://vertecorelift.com) announced today that the company’s Indiegogo “Instant Back Pain Relief” crowdfunding campaign continues to exceed fundraising expectations raising more than 321% of the planned crowdfunding goal of $65,000, which makes it one of the Top 10 most crowdfunded health projects on Indiegogo. To continue this momentum the crowdfunding campaign team has decided to add several more last minute perks/rewards and a Memorial Day Special for Veterans that will allow enthusiastic customers to order the new “VerteCore Lift” before the price goes back up to the MSRP of $599 on June 5, 2016.

Customers will receive the VerteCore Lift and instant lower back pain relief beginning July 2016: https://www.indiegogo.com/projects/vertecore-lift-receive-instant-back-pain-relief/x/10787427#/

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Unlike many crowdfunding campaigns that are funding entrepreneurs who are trying to raise money to cover startup costs and/or prototype development, VerteCore’s products have been developed, tested and recommended by leading medical professionals. They see this back pain relieving, Class 1, FDA-cleared medical device as the most affordable, convenient and comfortable way to treat back pain with on-the-go spinal decompression, making it unique in the orthopedic and spine treatment industry.

“Obviously, we are extremely pleased to see such a huge demand for our VerteCore Lift and we would like to attribute our outstanding success to all of our discerning Indiegogo contributors. With a special thanks to the proactive support and planning from our crowdfunding campaign marketing partner, Robert Hoskins, Front Page PR’s Director of Crowdfunding as well as John Vaskis, Indiegogo’s Senior Director of Hardware, Technology and Design. They were all instrumental in helping us achieve our campaign’s outstanding success,” said Paul Leake, VerteCore’s Managing Director.

“Due to the heavy demand that the Indiegogo campaign has generated to date, we have decided to extend our crowdfunding campaign through June 4th in order to allow as many customers/channel partners as possible to take advantage of our specials and discounts before the price goes up,” Leake continued. “We have had added some cool new stretch goal incentives/product bundles that will make the VerteCore Lift even more attractive as our fundraising campaign comes to an end.”

For back pain customers that do not want to miss out on VerteCore’s discounts and specials, please purchase one of the remaining Indiegogo crowdfunding perks and rewards before June 4th:

 

RealtyMogul.com Becomes First U.S. Commercial Real Estate Crowdfunding Platform to Fully Fund $200 Million

Real Estate Crowdfunding Platform Has Returned $40 Million to Its Investors

Press Release – LOS ANGELES – May 23, 2016 – RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today that it has crossed $200 million in funded equity and debt transactions on its platform. The company also announced it has reached $40 million in distributions of principal and returns to its investors.

Since its launch in 2013, RealtyMogul.com, which connects investors with opportunities to participate in commercial real estate transactions, has grown to over 80,000 members in 50 states who have invested in more than 350 properties.

“Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access,” said RealtyMogul.com CEO Jilliene Helman. “Reaching the $200 million mark at this stage shows we’re continually following through on this goal and growing as a company.”

“Through its crowdfunding platform, RealtyMogul.com has unlocked a traditionally opaque and proprietary asset class to the investing masses,” said Hrach Simonian, General Partner at Canaan Partners and a RealtyMogul.com board member.

RealtyMogul.com allows investors to invest in real estate across a variety of property and investment types nationwide. The company focuses on small-balance commercial real estate opportunities in the $1-5 million range. Recent transactions the platform has facilitated include a $2.2 million first-mortgage loan on an industrial property in Alabama, a $1.5 million preferred equity contribution to a multi-tenant office building in Illinois, a $1 million joint venture equity investment in a shopping center in Florida, and a $1.25 million mezzanine loan on an office complex in California.

“RealtyMogul.com is poised to continue disrupting the real estate investment landscape, guided by its principal of ‘access through innovation,’” added Rob Rueckert, Partner at Sorenson Capital and RealtyMogul.com board member.

“The $40 million in returned funds is as important in my mind as our total invested dollars, if not more,” added Helman. “Creating value for our investors is what we thrive on. At the end of the day, it’s all about them.”

About RealtyMogul.com

RealtyMogul.com is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, RealtyMogul.com gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyMogul.com partners with professional real estate companies to source investment opportunities and curates all of the investments. For these real estate companies, RealtyMogul.com offers JV and preferred equity as well as mezzanine and first position debt. For more information, visit www.realtymogul.com.

Equity securities are offered through North Capital Private Securities Corp., registered broker/dealer and member FINRA/SIPC.

Elegant Entrepreneur Launches Kickstarter Campaign to Provide Free Audiobooks for Female Entrepreneurs in Emerging Economies

– Strategic Partnerships Allow Entrepreneur Audiobooks to be Delivered to Women Around the Globe –

Press Release – Washington D.C., May, 2016Elegant Entrepreneur: A Female Founder’s Guide to Starting & Growing Your First Company author, Danielle Tate, has launched an Audiobook Kickstarter campaign to provide free audiobooks of her popular title to female entrepreneurs in emerging economies. In a recent IFC study cited by Forbes, women in emerging markets invest 90 percent of their income back into their families and communities, compared with 35 percent for men. The goal of the Kickstarter campaign is to lower the barriers to entry and success for female founders around the world, and to create a ripple effect of women building businesses to improve their lives, their families, their communities, and their economies.

Strategic partnerships with She Inspires Her Network, an online platform for sharing stories of female entrepreneurs from emerging markets, Connecting Founders, an organization focused on women-led businesses in Southeast Asia, and Jitahidi Group, a career development agency in Kenya that seeks to equip youth with the tools and resources they need to excel in a global economy, will help distribute the free audiobooks to aspiring female entrepreneurs around the globe.

Elegant Entrepreneur helps women reach their full potential as entrepreneurs. Many regions in the world do not have access to Kindles or Amazon, and an audiobook format allows author and entrepreneur, Danielle Tate, to give her book to the women who need it most.

“We are all global citizens with a moral obligation to solve the problems that face our communities, cultures, and generations,” said Danielle Tate, author of Elegant Entrepreneur. “Educating and empowering women around the world to build companies that solve problems is the solution to breaking the cycle of poverty and making the world a better place.”

The audiobook of Elegant Entrepreneur will be hosted on Amazon as an MP3 file. This allows anyone with a device that can read MP3 files, such as a phone, to immediately listen to the book without downloading it. Kickstarter funds will be used toward studio recording and production of the audiobook. The more funding received, the more audiobooks will be given to the women who need them. Any surplus will be used to fund the translation of Elegant Entrepreneur into other languages to create even more accessibility to aspiring global entrepreneurs.

Elegant Entrepreneur offers key information and concepts from idea to exit. It discusses the early stages of evaluating an idea, understanding market demands, pitching ideas, building a team of partners and employees, launching, fundraising, marketing and growing a company, handling competition, and knowing when to sell. Tate navigates complex business terrain with clarity, insight, and, yes, elegance. Readers are given the chance to see if entrepreneurship is right for them, and stand to gain the freedom, flexibility, and job satisfaction that comes with founding and running one’s own business.

For more information or to find out how you can make a difference visit, Elegant Entrepreneur.co/audio

About Danielle Tate

Danielle Tate had an idea, but lacked a business background. She overcame her lack of experience and went on to found a multi-million dollar company, MissNowMrs.com, which has grown to 300,000 customers in two countries, and MNM gift cards are now retailed in Target stores.

Her love of being an entrepreneur, and desire to help more women to experience the joy of doing something they love while being in control of their paychecks, work hours, and definitions of success inspired Tate to write a book. Her mission in writing Elegant Entrepreneur is to lower the barriers to entry and success for female founders by demystifying the steps to building an idea into a business and how it feels to be living each step in that journey as a woman.

Taxa Biotechnologies, Inc. Launches Title III Regulation CF Equity Crowdfunding Campaign

Press Release – SAN FRANCISCO — May 16th, 2016TAXA Biotechnologies, Inc (TAXA) today announced it is making a Regulation CF equity crowdfunding offering on WeFunder.com thanks to the SEC Regulation Crowdfunding (CF) that permits public offerings of securities to be made without registration with the SEC under Section 4(a)(6) of the Securities Act of 1933, which was added to the securities laws by Title III of the Jumpstart Our Business Startups (JOBS) Act. The company will be offering up to $1 Million at a $1 share price with a $7 million valuation cap.

TAXA Biotechnologies was founded in 2013 and has its principal office in San Francisco, California. TAXA Biotechnologies is a company of biologists and experts who use synthetic biology technologies to engineer new organisms which can be nurtured at home as carbon-positive alternatives to existing products.

The first biotech investment by Y Combinator, TAXA Biotechnologies provides access to a platform for protein engineering, automated DNA assembly, transient experiments and stable transformation as a service that is already being used by three partners.

Interested individuals can visit www.taxa.com/invest for more information on the company and its Regulation CF Title III offering.

RealtyMogul.com Closes Equity Investment in Chicago Apartment Building

The Online Crowdfunding Platform Surpasses $25 Million Invested in Chicago-Area Real Estate

Press Release – LOS ANGELES  - May 17, 2016 –  RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today that it has closed an investment into a $21.6 million acquisition. The platform helped finance the acquisition of The Edison Apartments, a mid-rise multifamily property in Chicago, by Spirit Bascom Ventures, a sponsorship joint venture between Stamford, Connecticut-based Spirit Investment Partners and Irvine, California-based The Bascom Group.

The sponsorship group, which specializes in distressed and value-add multifamily investments, plans to rehabilitate and renovate the building with the goal of increasing its revenue to levels comparable with those of similar renovated properties in the market. The 223-unit building, currently 97-percent occupied, is situated in the rapidly transitioning Edgewater neighborhood and also boasts 8,850 square feet of ground-floor retail space.

“With this acquisition, we saw potential for our investors to benefit both from the market expertise of Spirit Bascom Ventures and from the submarket’s growing Millennial population,” said Jilliene Helman, CEO of RealtyMogul.com. “As the neighborhood undergoes a demographic transition, we believe the rehabilitation project will allow the property to tap into rising rental rates in the market.”

In this transaction, RealtyMogul.com contributed limited partner common equity. Since its inception, RealtyMogul.com has invested more than $25 million in Chicago-area property transactions.

“We specialize in investing $1 million to $5 million into joint venture equity, preferred equity, mezzanine loans and bridge loans, so this investment was a perfect fit for our joint venture equity program,” Helman added. “Through the democratizing force of real estate crowdfunding, we look forward to connecting more investors to opportunities like this one.”

Spirit Bascom Ventures is one of RealtyMogul.com’s largest sponsors to date, representing over $10 billion in combined transactions.

About RealtyMogul.com

RealtyMogul.com is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, RealtyMogul.com gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyMogul.com partners with professional real estate companies to source investment opportunities and curates all of the investments. For these real estate companies, RealtyMogul.com offers JV and preferred equity as well as mezzanine and first position debt. For more information, visit www.realtymogul.com.

Equity securities are offered through North Capital Private Securities Corp., registered broker/dealer and member FINRA/SIPC.

Regulation Crowdfunding Legislation Takes Effect May 16; Wefunder Kicks off 20+ Offerings for Startups Across America

Press Release – San Francisco, Calif. – May 16, 2016 – A new federal law called Regulation Crowdfunding goes into effect today, allowing everyday people (not just the wealthy) to invest as little as $100 in startups and small businesses. Wefunder, an investment funding platform for startups and small business, announced today that it is launching Regulation Crowdfunding offerings for 20 companies across America. To view the full list, visit wefunder.com.

Also known as Title III of the JOBS Act, the law allows private companies to raise up to $1 million per year from their friends, customers, neighbors, and communities, by selling either debt or equity.

Wefunder is registered with the SEC and FINRA as a funding portal, eligible to facilitate Regulation Crowdfunding offerings. Wefunder’s founders played a key role in helping to write the JOBS Act Title III legislation and facilitating its passage by Congress in 2012.

Wefunder Founder Nicholas Tommarello said, “It’s been a four year battle to get to this point, first with Congress to pass the law, then with waiting for the SEC to implement it. Now, finally, we all have the right to invest in what we care about. We’re eager to help save the American dream for the next generation by helping fund thousands of new businesses, big and small.”

Among the companies launching offerings via Wefunder:

  • Urban Juncture – Rebuilding a historic Chicago neighborhood into a Black culture & food hot spot
  • Taxa Biotechnologies – Bio-engineering for the home, starting with a glowing plant
  • Legion M – The world’s first fan-owned entertainment company
  • N1ce – Frozen cocktails from superstar DJs Ingrosso, Axwell & Alesso

“There’s a big financing gap between banks – who have been taking less and less risk since 2008 – and venture capitalists who only invest in a small sliver of the economy,” said Wefunder founder Mike Norman. “Plus, until today, only the wealthy could invest in most high-growth private companies. We expect Regulation Crowdfunding not only to lead to a revival of entrepreneurship in America, but also distribute the rewards of capitalism more fairly. ”

Bernard Loyd, President at Urban Junction said, “This is a huge opportunity for small businesses that have been starved of capital. We need significant amounts of capital at reasonable rates to serve market needs and begin to rebuild commercial infrastructure in the inner city neighborhoods in which we work; however, conventional capital providers have shown little interest. Regulation Crowdfunding will allow us to engage people who want to invest, whether they live next door or across the U.S., and Wefunder has helped tremendously in guiding us through the required filings and helping us develop a powerful offering profile.”

Wefunder has spent four years creating software to drive costs down and focuses on taking away much of the hassle. Their model is unique in that they help companies do much of the paperwork – including preparing the mandatory government filings and creating company fundraising profiles –for a fraction of the cost of competitors.

To register as a potential investor at Wefunder, visit wefunder.com. The minimum investment is $100. To get funded on Wefunder, visit wefunder.com/raise_funding.

About Wefunder

Wefunder helps anyone invest as little as $100 in startups you love. Its vision is to build a new type of stock market (“a NASDAQ for riskier ventures”) that lets the public allocate capital to a wider range of businesses, more broadly and efficiently than banks or venture capitalists. Accredited investors on Wefunder have invested over $16 million into 110 companies since 2013, which include Zenefits, Checkr and Casetext. Learn more about Wefunder’s story at wefunder.com/wefunder or follow them @wefunder.

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