Crowdfunding Lesson: Built In Investors

Who knows and appreciates your business better than your customers?

The United Kingdom’s live streaming DJ community site Chew raised GBP151,000 in equity crowdfunding on Seedrs for 10% of the company.

Rather than offering to the general public, Chew went to its community of users to fund the company. Of the stock purchasers, 92% were current users of the site, friends and family rather than accredited investors.
http://www.forbes.com/sites/cheriehu/2016/02/21/music-startups-launch-successful-equity-crowdfunding-campaigns/2/#5de10dc55892

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Film, fraud, Funding Portals, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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