Yahoo Sports, of all places, has an article reporting the first quarter (May-August) results of the Securities and Exchange Commission’s Regulation Crowd Funding and they are fairly encouraging.
Here are some of the statistics from the article:
- 20 campaigns out of 82 filed met their targets (24%) besting the stats on Indiegogo;
- the average investment was $810, larger than on Kickstarter;
- 3 deals raised the max of $1 Million, a better percentage than on Kickstarter; and
- the target goals have been more “realistic,” which has permitted the companies to keep the cash.
Notwithstanding the SEC”s trepidation, it appears that equity crowdfunding is a workable solution.