Press Room

4/4/2012

EquityNet Featured in Tech Cocktail

Below is an article by Tech Cocktail (techcocktail.com) entitled "Once President Signs Bill, EquityNet Will Offer Crowdfunding For Startups".  The article lists EquityNet as one of the leading crowdfunding sites and notes EquityNet's distinguished analytics as the key to crowdfunding success.

Once President Signs Bill, EquityNet Will Offer Crowdfunding For Startups
By: Kira M. Newman
April 3, 2012

As we reported yesterday, the president is expected to sign a bill on Thursday to allow crowdfunding for startups from non-accredited investors (i.e., you and me).

 

Once this happens and the SEC details the rules, EquityNet will be one of the first sites to allow this new crowdfunding. The site has already seen $50 million crowdfunded from accredited investors, who can use its analytics and tools to manage their portfolios.

 

Unsurprisingly, EquityNet CEO Judd Hollas is an advocate of crowdfunding. “Raising capital is usually the most challenging, time-consuming, and limiting aspect of starting and running a young business,” he wrote. With mass crowdfunding, potential investors could soar from 2 million to 50 million, and available capital from $1 trillion to $5 trillion.

 

But do we really need more money in the market, and hence more startups – when they’re already a dime a dozen?

 

Hollas acknowledges that the wrong companies will sometimes get funded, and new investors will sometimes lose money. But, he says, that will be outweighed by better-funded startups, more jobs, and more innovation
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