In the three years since the JOBS Act was signed into law by President Obama, the world has seen a tremendous proliferation of equity crowdfunding sites. Many, however, anticipated a more rapid implementation of the Act’s Title III rules for investment crowdfunding from ordinary investors. A small group of companies organized themselves as broker-dealers under the old rules and are now doing business. Seed Equity is one of this breed.
Founder and CEO Todd Crosland says, “Seed Equity was built by successful and experienced entrepreneurs and investors, who aren’t only experts in the industry, but have a passion for it. Seed Equity currently has investors, entrepreneurs and members in over 90 countries and has made one international investment to date in a startup that is based in London and came out of the Tech Stars London accelerator.”
“The company’s goal is to connect startups and growth companies with investors from around the world. Those investors can then like, follow, mentor and invest in these startups, which may have the ability to possibly make a large impact,” Todd continues.
Like the other broker dealers in the space, Seed Equity screens deals carefully. “Our investment committee does its due diligence when vetting companies wishing to raise capital on Seed Equity’s platform. That due diligence includes a background check on all officers, directors and 20% shareholders. After that’s completed, then and only then, can a company list their offering on our platform,” Todd says.
There is growing excitement in the industry about “Regulation A+” and Seed Equity intends to be a player in that space as well. “New SEC rules known as Reg A+ provide significantly higher fund raising levels of up to $50m in a 12 month period and provide a landmark attempt by the SEC to allow non-accredited investors to invest alongside institutions and accredited investors. Seed Equity Ventures will look to utilize this new rule as an option for companies it raises capital for,” Todd concludes.
The platform is an appropriate place for social entrepreneurs to raise capital, especially when they have a great technology and growth prospects.
On Wednesday, April 22, 2015, Todd will join me for a live discussion about the platform and how it can be used by social entrepreneurs to raise money. Tune in here then to watch the interview live. Tweet questions beforehand to @devindthorpe.
More about Seed Equity:
Seed Equity Ventures is a registered broker dealer with the U.S. Securities and Exchange Commission and is a member of both FINRA and SIPC. Seed Equity Ventures provides investment banking services to startups and growth companies from around the world.
We believe the best entrepreneurs should be funded, no matter who they are or where they live.
Investors throughout the globe should have a voice to choose what the future should look like. They should be able to support entrepreneurs who will build that future.
Right now, only entrepreneurs in a few select areas who know the right people can be funded and only then if their vision matches the criteria and schedule of certain VC firms or angel investors.
There are a few thousand VCs in the world who control which entrepreneurial ventures live and which die. We believe that power should be given to millions of people throughout the world.
Seed Equity was founded to provide growth equity to entrepreneurs and their startups in exciting industries throughout the world. Whether they are located in San Francisco, Sao Paulo, Bangalore, London, Shanghai or Tel Aviv, Seed Equity’s mission is to help find the best and brightest entrepreneurs and connect them with global investors.
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’s career includes many real estate development projects. From 1992 – 2008, Mr. Crosland developed over 1,000 residential building lots. The largest project was the 14,000 acre development, Wolf Creek Ranch, (www.wolfcreekranch.com), located near Park City, Utah.
In 1996, Mr. Crosland purchased Rex Industries, (www.rexindustries.com), a 75 year old Industrial Steel Manufacturing company. Mr. Crosland remains the owner and Chairman of the Board.
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.