Funding Portal To Emphasize Diligence

Most crowdfunding portals do not vet their offerings.

Now, the self-proclaimed ShadowFoundr says that it will ensure “all opportunities placed on their platform go through stringent due diligence, undertaken not only by themselves, but also via their network of private investors, who must then fund the opportunity to at least 30% of its target, before it is put to the Crowd.”

By doing this, ShadowFoundr thinks that the due diligence and the pre-funding will decrease the failure rate among crowdfunded enterprises.

Only available now in the UK, SF is registered with the FCA.

(Not an endorsement).

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:
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Legislative Intent, review, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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