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Statewide crowdfunding sites readying for launch in NM

posted Jul 21, 2014, 2:22 PM by Siamak Ebarhimi



At least two New Mexico crowdfunding sites will soon facilitate equity investments in local companies.CrowdFunding advertizing

Crowdfunding, which has been alive on the web for several years with sites like Kickstarter or Indiegogo, has been undergoing a revolution after the SEC changed some of its rules this year. The regulatory body now allows some companies to sell equity, debt, or even royalties to certain investors without requiring the companies to register their offerings with the SEC.

https://sites.google.com/site/crowdfundingsmadeeasy/about-us

The new rules also allow new crowdfunding platforms to launch statewide sites. Though none have launched in New Mexico, Texas, for example, will allow sites to start raising equity on Aug. 30.crowdfunding websites

In New Mexico, Kenneth Segura Knoll is working to bring his InvestNewMexico.us site into compliance with Title II of the Jumpstart Our Business Startups (JOBS) Act of 2012.CrowdFunding marketing

Jeremy Landrum and Joshua Garcia are also working to launch a new site called Raised, which will focus on Title II crowdfunding for local businesses. The two have applied to enter the ABQid accelerator program, as well.

“The rule has always been ‘Invest in what you know.’ But if you know something local, you haven’t been able to invest,” Landrum said Thursday. “The Title II model is proven.”Kickstarter Marketing

The two hope to launch Raised by October.

Though crowdfunding has been common for several years, the new SEC rules are changing the game for accredited investors.Indiegogo Marketing

Jonathan Sandlund of TheCrowdCafe.com, which is a national site that tracks crowdfunding successes and failures, was in Santa Fe for Thursday night’s Coronado Ventures Forum to give investors the low-down on how these sites work.crowdfunding websites

Posted from: http://www.bizjournals.com/albuquerque/news/2014/07/18/statewide-crowdfunding-sites-readying-for-launch.html

By David Khorram  www.CrowdFundingPlanning.com