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JOBS Act Opens New Window For Small Company IPOs


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With the “dot com crash” in 2000, largely by regulatory design, small company IPOs all but disappeared from the American economic landscape.

A scarcely noticed part or title of the 2012 JOBS Act sought to address that directly by reinvigorating Regulation A, raising the cap from $5 million to $50 million and creating a path for a Reg A offering to be an effective IPO (initial public offering). The new rule is commonly called Reg A+.

In early 2016, Elio Motors went public using Regulation A.

The rules weren’t effective until mid-2015 and the market is just beginning to mature. Rod Turner is the founder and CEO of Manhattan Street Capital, one of the players in this nascent marketplace.

Turner says his firm has 18 clients preparing their Reg A+ offerings. Watch my discussion with Rod at the top of this article.

Rod is passionate about using capital for good, creating opportunities for women entrepreneurs and creating companies that will employ people at scale. He’s also a Forbes contributor who has written about these topics.

Rod says, “Mid-sized companies have very limited access to growth capital. Regulation A+ provides an excellent solution in that our companies can raise up to $50 mill per year from investors of any income level worldwide, and the shares can be publicly tradeable, making them more appealing to the investor and providing liquidity to the company founders.”

Allowing ordinary investors to participate in offerings of small companies, gives them the opportunity to participate in their growth. Back in the 1980s, Microsoft went public as a relatively small business and ordinary investors were able to participate in the growth of the company exceeding two orders of magnitude. On the other hand, Facebook didn’t go public or allow ordinary investors to participate until the company had reached a valuation of $100 billion–only wealthy investors participated in the creation of value.

The new marketplace is exciting. Watch the interview with Rod to learn how your organization can take advantage of Reg A+.

Rod Turner, courtesy of Manhattan Street Capital

Rod Turner, courtesy of Manhattan Street Capital

More about Manhattan Street Capital:

Twitter: @Manhattanstcap

Funding platform for mature startups and mid stage companies. using Regulation A+. We take companies through the whole Reg A+ offering process to achieve a successful Reg A+ offering. Our website technology integrates the necessary services so companies can make their offering work efficiently on Manhattan Street Capital.

We provide some services directly, others we provide by introducing our companies to specialized service providers: Specialized CrowdFunding Marketing agencies, Legal, Broker/Dealer, Investment Banks, Underwriters, Broker Dealer Syndicates, Market Makers, escrow, transfer agent and auditors.

Rod’s bio:

Twitter: @iamrodturner

High energy strategic thinker. Excellent leader. Engineer with skills in all areas. Experienced M&A expert. Crowdfunding expert.

M&A experience: At Symantec I led the takeovers of their first acquisition (TimeLine), and their most strategic acquisition, Norton. I drove the merger processes to ensure success and upside. The implementation of the Norton merger has been called “the best ever in Tech.” I also lead the successful acquisition of PCAnywhere and an AV technology company into the Norton Group. Mobile Automation was acquired by iPAS and Our Neighborhood Energy was acquired by CBD Energy Australia. Two informative experiences of being acquired.

Founder, CEO Manhattan Street Capital and FundAthena April 2015 – now

RegA+ growth capital marketplace for mid-sized companies. Adapting IPO business model to the Internet, using new SEC RegA+.

Advisor to startups and CEOs of large companies, 2004 to current. Chairman & cofounder CirrusLS SaaS, bank lending. Strategic Advisor AssistMyCase (SaaS Legal research). NetQuarry, a .NET app dev platform. Our Neighborhood Energy, electricity retailer in Australia. Workshops for Warriors, non-profit trains Veterans in advanced workshop skills free of charge. Numerous other startups.

Founder, Chairman and CEO, START.ac: April 2011 – June 2013. Built business CrowdFunding marketplace with Mentors, advisers and unique innovations for scale.

Chairman, Artslant. Sept 2008 – current: CEO 2008 through 2010. Grew revenues 12.5%/month compound, and site page views by 700%.

Managing Partner, Irvine Ventures 1999-2003: Founded Irvine Ventures with Safi Qureshey, investing in tech startup companies, mentoring entrepreneurs. Raised $32million in angel and venture capital for, and built six startups.

Chairman & Founder, Mobile Automation 1996-2004. LAN & Internet software configuration, MSP and Enterprise IT market. Angel financing (Peter Norton), VC from Greylock (Dave Strohm). Sold the company to iPass (IPAS on NASDAQ) in 11/04.

President & CEO, Knowledge Adventure 1993-94. Grew revenues from $240k/month to $1.5m/month. Raised $12 million venture capital from Mayfield (Mike Levinthal).

Symantec 1985-1993. At startup, Executive VP for worldwide marketing, sales & product management. Promoted to division General Manager with P&L 5/87. Raised three rounds of venture capital, lead investor Kleiner Perkins Caufield and Byers (John Doerr). In 1987 as GM, I ran the merger and accelerated the first company acquired by Symantec-Breakthrough Inc, TimeLine project management, and the Q&A database line. Trebled product group revenue in three years while generating 100% of Symantec’s profit. Grew Symantec revenues from zero to $250mil/year. IPO 1989.

In 1990 Symantec acquired Peter Norton Computing (maker of the Norton Utilities), and I was GM for the merger and the business. Introduced the Norton Antivirus in ‘91, the main profit generator for Symantec. In three years we grew Norton revenues from $20/mill/year to $200mill/year, taking the Norton group from 25% of Symantec’s revenue to 82%.

Acquired two companies into the Norton Group.

Chairman, Cofounder 1984-1990: Microport Software Inc. Startup ported UNIX System V to the 286.

Ashton Tate/dBASE 1981-1984: Startup microcomputer database software company, 12th employee. VP of US marketing and sales; GM of the International division. Grew sales from $2m to $150m/yr, IPO in ‘83. Made dBASE the market leading database on the PC by 1983.

Aston Univeristy 1975-1979: First Class Honors, Bachelor of Science in Energy Technology (Electrical & Mechanical Engineering) from Aston University, England. Stanford: Graduated Executive Institute 1983.

Interests: Married, with two sons. Boating. Racing cars. Public speaking. Altruism. Leadership. Innovation Born on a farm in the UK, moved to Silicon Valley to get into VC funded startups. My accent is gradually migrating across the Atlantic Ocean.

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Devin is a journalist, author and corporate social responsibility speaker who calls himself a champion of social good. With a goal to help solve some of the world’s biggest problems by 2045, he focuses on telling the stories of those who are leading the way! Learn more at DevinThorpe.com!

 

Social Bluebook Invites The Crowd To Invest Alongside Top Content Creators

Company Seeks Growth Capital; Launches Reg A+ “mini-IPO”

Press Release – LOS ANGELES, Calif. — April 18th, 2017 — Today Social Bluebook, the social media technology company that provides the tools for content creators to make social media their full-time business, announced a Regulation A+ initial public offering. In line with Social Bluebook’s democratic values, the offering is open to both accredited and unaccredited investors. Investing in Social Bluebook is an investment in the creative community as well as the future of creator-led marketing.

Started in 2014 by creators for creators, Social Bluebook simplifies and streamlines the process of executing influencer marketing, connecting thousands of online content creators and advertisers on their platform. Their proprietary algorithm produces a dollar value that can be used as a starting point for negotiating branded deals.

Per their “for creators by creators” mantra, Social Bluebook’s Reg A+ offering is intended to open the door for creators to invest in their own careers. Notable creators investing include Eh Bee family, Shaytards, Furious Pete, Ellie and Jared, and more. The funding will accelerate Social Bluebook’s expansion via strategic acquisitions and marketing. This strategy is aimed to cement their platform as the leading space for advertisers and creators to connect, negotiate deals, and build together.

“Marketing professionals, including Fortune 500 companies using Social Bluebook, are now realizing there is a tremendous value to teaming up with online video personalities who are drawing millions of viewers with the content they post on platforms like YouTube and Instagram,” said Chad Sahley, CEO of Social Bluebook.

“We are very excited to share this investment opportunity with creators and other like-minded individuals,” said Sahley. “While early stage offerings before an IPO would generally allow only accredited investors to invest at this stage, we are taking advantage of new SEC regulations and opening up the door to the crowd in an effort to level the playing field for all creators.”

Social Bluebook was the first to introduce patent-pending valuation formulas for YouTube, Twitter, Facebook, Instagram, and blogs, with more on the way. As of June 2016, over 33,000 social media platforms with an audience reach of over 2.87 billion people and over 400 brands have registered with Social Bluebook and growing daily.

The company seeks to raise up to $12 million in its “mini IPO” under Regulation A+. Individuals interested in learning more about the Social Bluebook Regulation A+ investment opportunity can visit http://invest.socialbluebook.com.

About Social Bluebook

Social Bluebook was started by creators for creators in order to bring transparency to influencer marketing and specifically the content creator community. It was designed to simplify and streamline the process of executing influencer marketing for online content creators and advertisers with the goal to help creators make the money they deserve so they can do what they love.

SEC Disclaimer

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that Social Bluebook may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement HERE. You should read the offering circular before making any investment.

Forward-Looking Statements

This release may contain forward-looking statements regarding projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as “expected,” “anticipated,” “projected” and “forecasted.” Please be advised that such statements are estimates only and there is no assurance that the results stated or implied by forward-looking statements will actually be realized by the company. Forward-looking statements may be based on management assumptions that prove to be wrong. The company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events. Please see the Offering Circular for the discussion of these risks.

The Public Can Now Invest in Cornerstone Kids, the First Truly Eco-Friendly Childcare Center

Press Release – AIKEN, S.C., March 30, 2017 /PRNewswire/ — Cornerstone Kids is pleased to announce that it has launched an equity crowdfunding campaign, making investments in the company available to the general public. Terms of the offering can be found at: https://jumpstartmicro.com

Investing in a venture isn’t just for the wealthy anymore. Now is your chance to invest in a socially significant company setting out to change the childcare industry from the ground up. Cornerstone Kids is raising money to begin construction of its first green energy facility and has plans to nationally franchise. “I’ve been in the childcare industry for more than 25 years. This new facility we are constructing is totally eco-friendly, runs on green energy, built to reduce germs in the air and physical environment with a focus on early childhood education with all of the tools a child needs to start off right,” said Lynne Fleming, CEO.

The Company’s vision is a physical environment designed from the ground up to significantly reduce bacterium, viruses, and other microorganisms as small and viscous as the flu virus. It will also run using green energy and clean-air systems. To accomplish this they have partnered with Insulsteel™, Inc., which is uniquely qualified to build these facilities using their patented EcoShell™ designs.

For early childhood education, the center will provide programs for all pre-school levels with advanced learning through Khan Academy as well as after school programs like karate, dance, and music. So, in addition to being designed to keep kids healthy, these facilities will also foster early childhood development.

“We are excited to be partnering with Lynne and her team at Cornerstone Kids to build what we believe will be a totally new eco-friendly concept for this industry. Before getting involved we commissioned an environmental study, which can be found on the Jumpstart Micro site,” said Steve Bostic, CEO of Insulsteel.

Investors receive stock and profit sharing for investments as low as $500 through regulation crowdfunding which allows nearly anyone to make investments in startup ventures. SEC regulations prohibit us from providing more information about our offering here. To get more information and learn how you can become an investor, visit: https://jumpstartmicro.com/deal-show/id-241.html

About Cornerstone Kids

Cornerstone Kids is located in Aiken, South Carolina. The founders have been operating successful childcare services for over 25 years. Cornerstone Kids, Inc. is a newly formed entity to develop a new brand of eco-friendly childcare facilities. http://www.aikencornerstonekids.com

About Insulsteel

Insulsteel™ building enclosures offers the EcoShell™, which is an innovative building enclosure system that withstands hurricane winds up to 200 MPH, and provides thermal insulation values 4-times greater than traditional wood framing. www.insulsteel.com

About Crowd Smart Marketing

Crowd marketing agency provides marketing strategic crowd marketing services. http://www.crowdsmartmarketing.com

About Jumpstart Micro

Jumpstart Micro™, is a Registered Funding Portal under SEC regulation Crowdfunding 4(6)(a) and a member of FINRA. Jumpstart Micro does not provide investment advice. Please see investor disclosure and risk statement at https://www.jumpstartmicro.com

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/the-public-can-now-invest-in-cornerstone-kids-the-first-truly-eco-friendly-childcare-center-300431759.html

Space Nation Astronaut Program Raised $3.4 Million Through 541 New Space Investors

Space Nation gives everyone a chance to participate in space travelling. It’s an opportunity to learn and train for a space mission, and ultimately to become a crew member on board the International Space Station.

Cohu Experience recently closed a $3.4 million crowdfunding round in Finland for its Space Nation Astronaut Program. Cohu raised its first million in only 43 minutes.

“Space travel is a universal dream and we are proud to welcome everyone to join Space Nation as investors or participants. This is an inclusive program so anyone in the world can participate. We really want to democratize space,” said Kalle Vähä-Jaakkola, the CEO of Cohu Experience.

“Space is something that interests us all, no matter where you live or how old you are,” said Michael Suffredini from Axiom Space. Suffredini is a member of Cohu Experience’s Advisory Board and former NASA International Space Station Program Manager.

“Space travel has been, until now, only accessible to a very limited set of people, but Space Nation is here to change that. The Program is truly the adventure of a lifetime, and it will offer something for everyone.”

Space Nation Astronaut Program (SNAP) is being developed together with NASA’s astronaut trainers. The program commences with a freemium smartphone app that develops its users’ physical, mental and social skills through an array of tailored challenges. Participants who have gained the most points will be selected for a televised training competition under the supervision of NASA’s astronaut trainers.

A central element in the astronaut training program is the transmedia concept. It allows participants to create teams and attract fans to support their efforts to win a ticket to space. Even if you were not destined to become an astronaut, you can learn new skills and have fun while cheering for your favourite participant.

The next funding round will take place in the United States in the coming weeks via Fundable.com.

NextGen Crowdfunding Announces Investor Commitments in Title III Equity Crowdfunding Pass $15 Million Milestone

NextGen Data Shows A 262% Quarterly Increase in Title III Investments Since New Rules Took Effect in May

next_gen_new

December 16, 2016 09:00 AM Eastern Standard Time: LOS ANGELES–(BUSINESS WIRE)-NextGen Crowdfunding, the leading company that helps people explore investment crowdfunding, announces that investor commitments into Title III equity crowdfunding campaigns have surpassed $15 million. NextGen is tracking Title III companies through the “NextGen Dashboard,” which displays progress of investor commitments since the new SEC crowdfunding regulations took effect last May.

According to NextGen data, there has been a 262% growth in investor commitments between the second quarter and fourth quarter of this year. NextGen research also shows that investor commitments have effectively doubled each quarter since the new regulations took effect last May:

  • Second Quarter (May-June): $2,204,733 total investor commitments
  • Third Quarter (July-September): $4,825,132 total investor commitments
  • Fourth Quarter (October-December): $7,985,497 total investor commitments

“As 2016 comes to a close, it’s very encouraging to see that the equity marketplace has found success in its first eight months and is growing at a steady pace,” said Aubrey Chernick, founder of NextGen Crowdfunding. “A continued increase in monthly investor commitments is a positive sign that both accredited and first-time investors are exploring equity crowdfunding with heightened enthusiasm as they become more familiar with the different offerings and opportunities.”

The new Title III rules – also known as “Regulation Crowdfunding” – enable even first-time investors to fund startups online with as little as a few hundred dollars of investments. Using Title III crowdfunding, companies are able to raise up to $1 million.

As the equity crowdfunding space continues to evolve, NextGen is creating new resources to track the growth of the industry. NextGen recently launched an Indiegogo equity crowdfunding tracker on http://nextgencrowdfunding.com/indiegogo after Indiegogo began offering equity investments. The “Indiegogo Crowdfunding Watch” dashboard will specifically monitor equity investments available on the Indiegogo platform.

Important information on NextGen Dashboard chart data and accuracy can be found here.

About NextGen Crowdfunding

NextGen Crowdfunding helps people explore the new era of crowdfunding. Through unique, online live events, NextGen enables individuals to discover, follow and support companies launching crowdfunding campaigns. NextGen’s unique Ignition™ Events give companies and emerging businesses a place to present their investment crowdfunding campaigns, and its Crowdfunding Video Awards program showcases the best videos to pitch crowdfunding campaigns. NextGen also provides educational content, including online webinars, boot camps and videos, to inform the public about crowdfunding as well as to provide education to, and visibility for, companies with crowdfunding campaigns. As a purpose-driven company, NextGen aims to encourage entrepreneurship and help spark a new economy. Visit www.nextgencrowdfunding.com.

New Course Doesn’t Just Help You Understand Impact Investing, It Helps You Do It

Impact investing is all the rage in philanthropy circles, but most people still don’t really know what it is, let alone how to do it. In order to make impact investing easy for you, I’ve created a new course on Udemy, “Intro to Impact Investing.”

Traditionally, impact investing has been the province of institutional investors and wealthy individuals. That is beginning to change and everyone can now be an impact investor.

In fact, in “Intro to Impact Investing” you will learn how to make your first impact investment with as little as $20.

ad-intro-to-impact-investing

Impact investing is a way you can use your money for good–and get it back with interest! Impact investments come in all forms and while many are tremendously risky, some have almost no risk at all. While some require sophisticated analysis and what investors call “due diligence,” some you can buy on a whim without concern.

Udemy is a platform for online training materials of all sorts. “Intro to Impact Investing” is offered for just $25, but readers can buy lifetime access to the course at 20 percent off using the discount code “DOGOODER” at checkout.

The course can be completed in just 30 minutes. When you finish, you will be ready to make your first impact investment.

Making your first impact investment can be invigorating. Unlike making a donation, the money you invest for impact can come back to you, allowing you to do good with it over and over again.

Impact investments, just like traditional investments, come in all shapes and sizes, each with its own risk and return profile. By completing this course, you can not only be ready to make your first impact investment, but you’ll be equipped to learn more about investing in more complex investments for social impact.

Online Care Platform SuperCarers Launches Crowdfunding Campaign to Challenge The UK’s Inefficient & Costly Care System

  • SuperCarers launches £500,000 crowdfunding campaign on Seedrs
  • The ‘eHarmony for care’ provides reliable and affordable solution for the four million elderly people in the UK requiring care by 2029
  • Cutting out the agency middle-man enables carers to earn 70% more per hour

Press Release – London, 31st October 2016: SuperCarers, Europe’s leading online care platform, is on a mission to disrupt the UK’s archaic, expensive and inefficient care system. Technology continues to revolutionise the way Brits eat, travel and shop; now care is providing an ageing population with a safe, reliable and affordable solution. The company has today launched a £500,000 equity crowdfunding round on Seedrs to drive its growth.

Two million elderly people in the UK alone have a care related need and four million will need daily help by 2029 and yet by 2025 there will be a deficit of 600,000 carers in spite of increasing demand.* Local authorities can’t keep up with the increasing costs or scale of care, leaving many without the critical assistance required to live their lives with dignity.

SuperCarers is the brainchild of brothers, Adam and Daniel Pike, who witnessed the inefficiencies of the care system first hand as they were growing up. Reflecting on their Gran’s story in 2014 inspired them to leave their city jobs roles and pursue a viable solution to help other families in the same predicament: affordable, world-class care.

Their story is one that millions across the UK can relate to. The boys’ mother had become the primary carer for their elderly grandma but struggled to balance this responsibility with her other full-time role as mum of two young boys. Grandma Pam was desperate to stay in her own home but because home-care agency support was inadequate and unaffordable she was forced to go into a residential care home, where her health and happiness deteriorated rapidly.

The mission to improve the quality of life for older people, families and carers finally began with the launch of SuperCarers in December 2015. The fledgling business offers a unique solution to the gaping hole in the care market, enabling families to work and manage family life with the assurance that their elderly parents can continue to live in the comfort and security of their own homes.

The company curates a personal matchmaking service where families can find vetted, reliable and compassionate carers for loved ones. SuperCarers matches carers with families based on personality and interest, as well as care need, location and timing.

SuperCarers bypasses the high overhead costs of agency middlemen, without forfeiting quality of care via a user-friendly online platform. The smart technology empowers families to monitor, manage and pay for care independently. This in turn generates a saving that alleviates the financial burdens of traditional care and simultaneously improves the quality and pay of carers.

  • SuperCarers earn £12.80/hour, versus a typical £7.40, and as a result the platform attracts motivated and compassionate carers.
  • Smart technology creates a simple and effective platform with transparent payment, care scheduling and communication.
  • A personalised matching process that tailors care to the requirements of each and every individual.

Says Adam Pike, CEO and Co-Founder of SuperCarers: “The UK’s care system is at breaking point. Carers are trusted to look after the elderly, but they are demotivated, poorly paid and as a consequence have limited incentive to deliver the best possible care. In turn, those requiring care often receive an overpriced, poor quality service that doesn’t suit their needs, and they have little to no control over the process.

“SuperCarers solves both issues. We believe that by empowering and connecting people in the same community, care can become more personal, reliable and consistent. It is our mission to make finding, monitoring and paying for care easier and giving families the tools they need to find the right match for their loved ones. We also want to make care a more rewarding profession, one that is not only personally rewarding, but financially too.”

The brand is currently backed by the founders of Innocent Smoothie via their JamJar Investment Fund (other investments include Deliveroo, Graze and Babylon Health) and Sir Tom Hughes-Hallett, the former CEO of Marie Curie, now the Chairman of Chelsea and Westminster Hospital.

SuperCarers’s advisory board is made up of experienced leaders in the sector including Alan Rosenbach, who was until recently Director of Strategy of the Care Quality Commission (CQC), Paul Burstow, former Minister of State for Community and Social Care, Jan Burns MBE, Chair of the National Dignity Council and Andrea Pope-Smith, Ex-Director of Adult Social Services at two Councils.

Richard Reed, Partner at JamJar Investment comments: “JamJar is delighted to be an investor in SuperCarers. From our experience at Innocent drinks, we understand how important it is to develop a brand that connects with consumers and wins their loyalty. There is a rapidly growing consumer need for care as the numbers of dependent family members increases every year. Although care should be affordable and delivered to the highest standard by someone who is being fairly rewarded all too often this is not the case. The founders Adam and Daniel genuinely understand the sensitivities and complexities necessary to deliver operational excellence and combine a technically slick back end with a great experience for families, older people and carers.”

JamJar Investments is the innocent drinks founders private investments fund. They love, help and invest in high growth consumer brands. Their portfolio includes Graze, Dojo and Deliveroo.

Alan Rosenbach, Director of Strategy of the Care Quality Commission (CQC) says: “I am immensely proud and privileged to chair the SuperCarers Care Advisory Board. We are committed to make sure that our approach to care and support helps older adults to live independently and with dignity. We are also tackling the challenges of social isolation and loneliness. Our platform gives families and individuals total control of their care because they exercise genuine choice about who provides their care and when it is provided. Our SuperCarers are paid handsomely for their work as part of our approach to recognise what a fantastic job they undertake looking after some of our most vulnerable citizens.”

Says Jeff Lynn, CEO and Co-Founder of Seedrs: “We are delighted to welcome SuperCarers onto Seedrs, and we wish Adam and Daniel every success in their crowdfunding campaign. Improving the way care is provided is both a noble and potentially very lucrative ambition, and SuperCarers has a great proposition that is already getting significant traction. Moreover, I have known Adam for many years and have found him to be one of the most impressive and dedicated entrepreneurs I’ve come across. I have very high hopes for this business and its campaign, and I’m thrilled they’ve chosen to work with us.”

*Source: Age UK,, Deloitte: Better Care for frail older people and LaingBuisson: Care for Elderly People UK

Andy Murray Serves an Ace Backing British Entrepreneurs on Leading Equity Crowdfunding Platform Seedrs

  • Tennis champion Andy Murray OBE backs best of British Tech on leading equity crowdfunding platform Seedrs
  • Andy Murray invests in WeSwap and Perkbox through Seedrs
  • Murray’s investment portfolio on Seedrs includes 17 early-stage businesses

Press Release – London, 28 October 2016: Tennis champion, world number two Andy Murray continues to back early-stage businesses as part of his strategic relationship with Seedrs, today identifying two ambitious British Tech companies, Perkbox and WeSwap, investing undisclosed amounts into each.

Perkbox, the UK’s leading perks and benefits scheme, quickly surpassed their £1.5 million target on Seedrs, currently overfunding by 270% with more than £4 million raised through 230 investors in just four days. Murray joins VC firm Draper Esprit which led the round with £2.5 million investment, alongside Zoopla’s Alex Chesterman.

The startup which launched in January 2015, already has over 300,000 paying members including British Gas, BUPA and Deliveroo and has generated more than £14 million in revenues since launch. The company is the go-to solution for combatting staff turnover and low productivity in the workplace, encouraging managers to reward team members.

WeSwap, the world’s first peer-to-peer travel money platform, has so far raised £1.8 million from over 2,200 individual investors including Ascot Capital and is overfunding by 185%. In the past 12 months the disruptive startup has grown by 204%, welcoming over 200,000 new users to the WeSwap community. Called the people’s currency exchange, WeSwap exchanges currency directly between real people, so users receive the fairest rate by cutting out the middleman.

Murray said about the investments, “I’m continuing to grow my portfolio through Seedrs and have tried to choose companies from different sectors as much as possible. I was interested in Perkbox as I employ a number of people through my own sports management company, the 77 Group, as well as a number of independent contractors like physios, coaches and trainers. I’m sure they’ll all be wanting to hear lots more about Perkbox! WeSwap was interesting to me because I travel so much around the world – I thought this was a really clever idea and could immediately see the gap in the market for this business to work”.

Saurav Chopra, CEO and co-founder of Perkbox: “We’re delighted that Andy Murray has chosen to invest in us. He is really carving out a reputation for himself as an avid supporter of fast-growth businesses, and we’re very proud that Perkbox will become part of his burgeoning portfolio of exciting and dynamic businesses. Andy Murray has previously emphasised how important it is for him to back up businesses who hold the same dedication, hunger and professional standards as he does, and we’re thrilled that he sees these very same values manifest in the people here that power the Perkbox brand.”

Jared Jesner, CEO and Co Founder of WeSwap: “We are delighted and overwhelmed to have exceeded our funding target with more than £1.8 million invested into our campaign on Seedrs so far. Over 2200 members of our community have backed WeSwap, all of whom will play a part in our future success. Having a tennis hero like Andy Murray invest in the campaign as part of the crowd has truly been the icing on the cake”

Jeff Lynn, CEO and co-founder of Seedrs: “It’s great to see how active Andy has become in early-stage investment and his recent investments on Seedrs into Perkbox and WeSwap reaffirm this. He is a great example of an investor who understands this asset class and the importance of building a broad investment portfolio, into which these two disruptive tech brands will add even more diversity.”

Wefunder Launches 10 New Regulation Crowdfunding Offerings – the Biggest One-Week Bump in Offerings Since Reg CF Legislation Took Effect in May 2016

Press Release – San Francisco, Calif. – Oct. 24, 2016Wefunder, the most popular platform for Regulation Crowdfunding, today launched 10 new Reg CF offerings – the biggest one-week bump in offerings since the legislation took effect in May 2016.

Before today:

  • 45 offerings had launched across all the FINRA-approved Reg CF portals
  • 43 of those had met their funding goal (30 on Wefunder)
  • In total, companies have raised more than $10M via Reg CF – including nearly $500,000 in the past week (more than half via Wefunder)
  • Three companies have raised $1M plus via Reg CF (all on Wefunder)

With today’s new offering, the total number of companies now stands at 55. The newest Reg CF offerings are:

  • Liquid Piston, which is building compact, powerful, quiet, efficient, low-vibration, multi-fuel capable combustion engines;
  • Bloomery Plantation Distillery, which crafts home-grown, natural fruit cordials;
  • Tampon Tribe, making organic feminine hygiene available to women around the world;
  • Magic Instruments; which offers a new type of electric guitar that anyone can play;
  • Evelo, maker of comfortable and stylish electric bicycles;
  • Monkey Rum, which offers evolved, barrel-aged rums;
  • CrowdMed, which crowdsources diagnosis, helping solve cases for real patients;
  • Daplie, the first home server for everyone; and
  • Airbitz, a blockchain inspired, decentralized, open source, zero knowledge global information security solution.

In addition, Wefunder portfolio company Speakeasy is returning to raise a second round (after raising more than $460,000 via Wefunder in August 2016 – exceeding its initial goal of $50,000).

Mike Norman, President and Co-Founder of Wefunder, said, “In recent weeks, we’ve seen accelerating interest from companies wanting to leverage Reg CF – perhaps after seeing the successful closing of so many Reg CF offerings. We’re also seeing investments ramp up – in the past week alone, Wefunder offerings raised more than $500,000. The numbers show that Wefunder has broken away from the pack to become far and away the number one choice for Reg CF among both companies and investors – it’s really exciting to see this taking off.”

Norman noted that companies with a strong local following tend to do particularly well with Reg CF offerings. “Companies that already have a strong base of loyal customers have a built-in audience for raising money – because often, passionate customers welcome the chance to own equity in the companies they love,” he said.

The Regulation Crowdfunding legislation went into effect May 16, 2016, allowing everyday people (not just the wealthy) to invest as little as $100 in startups and small businesses. 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, and they are currently working closely with congressional representatives on the Fix Crowdfunding Act, which ties up several loose ends not addressed in the Title III legislation.

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, and is the most popular platform for Regulation Crowdfunding. 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. Investors on Wefunder have invested more than $20 million into 130+ companies since 2013, including Zenefits, Checkr and Casetext. Learn more about Wefunder’s story at wefunder.com/wefunder or follow us @wefunder.

Now You Can Be A Shark! Learn How At Crowd Invest Summit

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

If you are a regular GoodCrowd.info reader, you know that you can now invest in startups via FINRA-registered web portals. You can now be a venture capitalist, “shark” or perhaps, more benignly, an angel investor.

In May, the Securities and Exchange Commission implemented rules for investment crowdfunding under the 2012 JOBS Act. Alon Goren and Josef Holm have organized the first conference, the Crowd Invest Summit, focused exclusively on investment crowdfunding since the rules went into operation.

Alon has provided GoodCrowd.info readers with a special discount on registration. Use the discount code “GOODCROWD” to receive 30 percent off the registration fee!

The speakers will include Robert Herjavec, star of ABC’s “Shark Tank”; James Altucher, the famed author and entrepreneur; Tim Draper, one of Silicon Valley’s leading venture capitalists and long-term crowdfunding advocate; and, Dara Albright, one of the leading minds in crowdfinance. Conference organizers have also invited me, Devin Thorpe, to speak.

“As the first event of its kind in the United States, the Crowd Invest Summit connects retail investors and top crowdfunded investment opportunities,” said Josef, founder and CEO of crowdfunding marketing and PR software firm Krowdster. “Given the recent shifts in the equity crowdfunding industry, we created this event to be inclusive of all types of investors. Our first summit will take place in Silicon Beach and we’re already exploring a series of domestic and international events to follow.”

Alon Goren, courtesy of Crowd Invest Summit

Alon Goren, courtesy of Crowd Invest Summit

Alon added, “Until now, crowdfunding events have been predominantly focused on debating the potential rules and laws that are now finally in place and available. In contrast, this will be the first large-scale event in the crowdfunding sector focused on companies and investors raising real money and closing actual deals. We want all Americans to know that any of them can become venture capitalists now.”

On Thursday, October 20, 2016 at 1:00 Eastern, Alon will join me here for a live discussion about the conference and the opportunity all Americans have now to invest in startups. 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 Crowd Invest Summit:

Twitter: @crowdinvestsmt

Crowd invest summit is the country’s premier investment focused crowdfunding event.

Alon’s bio:

Twitter: @alonymous

Alon is CEO and co-founder of Invested.in and INVST. He has developed technology that powers websites and financial transactions for Fortune 500 companies and well-known foundations such as Coca-Cola, ATB Financial and Global Philanthropy Group. He also created a white label fundraising portal for individuals and businesses hoping to crowdfund ventures independently of major platforms. His support of the JOBS Act and day-to-day interactions with investors and financial professionals inspired him to create INVST (http://inv.st) a solution for marketers hoping to attract investment firms and hedge fund managers. Utilizing proprietary social technology, INVST streamlines and amplifies the capital introduction process, while offering relationship, tracking and deal management tools for fund managers, third-party marketers and investors.

Never miss another interview! Join Devin here!

Devin is a journalist, author and corporate social responsibility speaker who calls himself a champion of social good. With a goal to help solve some of the world’s biggest problems by 2045, he focuses on telling the stories of those who are leading the way! Learn more at DevinThorpe.com!

 

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