Business must be past the idea stage
Leading Business Crowdfunding Platform. $115+ million in funds raised by entrepreneurs in the last 12 months*
Fundraising takes time. Just how much time depends on your approach. Traditional fundraising methods, like applying for business loans or pitching to angel groups and venture capitalists, are still very effective ways to raise capital for your business if you have access to them, but the fact is most American entrepreneurs – including those who have completed their fundraising checklist – don’t. Even if you do, these methods can take upwards of six months to close and require a lot of legwork that’s just not necessary in today’s business world.
Google announced yesterday that Chicago and Los Angeles could be two of the next cities to receive their 1 Gbit/s Internet service. The announcement comes just one day after AT&T stated they are introducing their own gigabit-speed service, GigaPower, to the L.A. metro area. While the announcement doesn’t mean the two cities will actually get Fiber, Google will start working with local governments to see if it’s wanted and will help facilitate.
Nearly four months Colorado’s intrastate crowdfunding laws went into effect, the state now has its own equity crowdfunding platform exclusively for its residents. The platform, called Invest Local, was launched earlier this week and allows nearly all residents to invest up to $5,000 in private businesses within the state. Businesses can raise up to $1 million with the potential to increase that to $2 million if they submit audited financial statements.
While a good portion of us here in the states spent last week in a collective food coma, Australian zoologist, Adam Britton, launched a crowdfunding campaign to continue research on one of Paul Hogan’s lesser-known adversaries – the pygmy crocodile.
Pygmy crocs, as their name implies, are the smaller cousins to Australia’s freshwater crocodiles, growing no longer than five feet in length. They were first discovered back in the mid-80’s and have only been found in two locations, Liverpool River in Arnhem Land and Bullo River near the Western Australian border. Over the past few years, Britton and his partner have recorded a 70 percent drop in the pygmy population due to their appetite for cane toads.
After 3 ½ years of sitting in rulemaking purgatory, the SEC is finally voting on the rules for Title III crowdfunding (or retail crowdfunding, investment crowdfunding, equity crowdfunding… it has several names at this point). That’s… great news for the bourgeoning industry that’s been waiting on these rules for so long, but we still have no idea exactly how this whole thing is going to pan out.