Crowdfunding “Sin” Businesses

Is it harder to raise funding if you operate a “sin” company?

For years, entrepreneurs in the legal gambling, tobacco, firearms, alcohol and, particularly, sex industries have had the additional hurdle of convincing investors that their products should not be off the investing list. Medical and recreational cannabis businesses have the same issue these days.

Now, crowdfunding platform AdultXFunding (no endorsement implied) is aiming to help those in the “sex tech” industry.

Although other crowdfunding portals will host these products, many will not promote them. This UK portal has both rewards and equity crowdfunding options.

http://www.adultxfunding.com/

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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, Banks, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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