Equity Crowdfunding Celebrates First Anniversary

Yesterday was the one year anniversary of the Securities and Exchange Commission’s Regulation Crowd Funding.

Venture Beat provided some statistics on how the year went, including:

  • 335 companies have filed offering documents,
  • of those, 43% were funded and 30% failed, and the remainder are still open.
  • Total capital committed to date was more than $40 million, with the average successful crowdfunding campaign raising around $282,000 from about 312 investors.
  • 26 funding portals have registered with FINRA and 9 have closed or been shut down by the regulators.
  • WeFunder is the leading portal for money raised, followed by MicroVentures and StartEngine.

More info in the article:

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 At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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