You can double your chances of securing capital if you have a complete business plan, but you can sink your business with a flawed one. That’s from Judd Hollas, CEO of EquityNet, an online platform that has raised $270 million in capital for small businesses.
EquityNet has partnered with SXSW in the third annual SXSW V2Venture in-person pitch competition. It takes place on Wednesday, July 22 at Bellagio Las Vegas in Las Vegas, Nevada. A live audience, as well as a panel of expert judges will discover advancements in various sectors of emerging technology. Catch a glimpse of the industry’s future with a guided tour by SXSW emcees and judges.
We’re in the midst of upheaval. For small business owners, the digital revolution has been an incredibly complicated and difficult time to run a business. Also in B2B, the landscape has changed so much as to be wholly unrecognizable from just a few years ago.
Crowdfunding is growing in popularity, but it takes savvy investors and real estate firms to know how to use it properly. In a continuation of our earlier exclusive interview with MondayOne CEO Kenny Dewan and EquityNet CEO Judd Hollas, they reveal their tips and advice on how to crowdfund a project.
Operators of equity crowdfunding portals, who have been getting venture capital backing for the development and build-out of their platforms, have high hopes that their VC backers are warming to using portals as a new way of sourcing deals. Venture capital investors remain wary, however, about the quality of companies that raise capital through crowdfunding.
EquityNet was featured alongside Safe Tac Mag, an EquityNet client, on ABC. The article and video discuss Safe Tac Mag, how they’re using crowdfunding now on EquityNet, and how crowdfunding could change in Texas as new regulations will soon allow non-accredited investors to invest in private Texan companies.
Love and money. The emotional risks are high for both.
The comparison was drawn by Judd Hollas, CEO of EquityNet, the online service that connects “accredited investors” with startup companies seeking funding. “It’s a human-to-human engagement,” he said.
The U.S. Supreme Court’s Alice Corp. decision barring patents on computer-implemented abstract ideas made it tougher to obtain patent protection for software inventions, but it is not impossible, attorneys say.
EquityNet has announced receiving two more patents from the U.S. Patent and Trade Office. The patents surround crowdfunding and represent the company’s fourth and fifth crowdfunding patents. Patent number 8,793,170 is titled “Electronic Enterprise Capital Marketplace Apparatus and Method” and patent number 8,793,171 is titled “Electronic System for Analyzing the Risk of an Enterprise.” Some of the earlier crowdfunding related patents were awarded prior to the actual term “crowdfunding” being widely utilized.
EquityNet intends to be the Kickstarter of crowdfund investing.
Like Kickstarter, EquityNet has a fairly broad reach: Since its 2005 debut, EquityNet has signed up more than 20,000 investors, who have collectively invested over $230 million in entrepreneurial ventures through the platform.