Crowdfunding Now!

" 1. Have the right type of product or business.  A large number of people must be able to understand your idea easily. Consumer, food, consumer electronics , and fashion products are particularly well suited to this. 2. Create a compelling video.  Most people will want to hear your story, see who you are and see prototypes of your product. 3. Raise sufficient funds.  On some crowdsourcing platforms, you don’t receive any money until you raise your total goal. This means you want to set an achievable fund-raising target. But you may not be able to go back for additional rounds or raise more than your target, so make sure you set the bar high enough to execute your vision. 4. Choose the right crowdfunding platform.  Make sure the site you choose meets your particular needs, including the right type of product or service, the type of rewards or equity you can give, the amount of money you can raise and the amount you need to raise before receiving anything. 5. Have g

Under Dodd/Frank,  " six federal financial regulatory agencies – the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency –" must, by law, develop standards and an approach to assessing the diversity policies and practices of entities they regulate. This means looking at diversity at all banks, investment firms, and credit unions. All of them. Each of these agencies will develop a way to determine if the policies of the entities they regulate are fair, or at least, inclusive. They are asking for comments on this.  See:  http://twisri.blogspot.com/2014/01/standards-for-assessing-diversity.html Related articles Standards for Assessing the Diversity Policies of Banks, Investment Firms, Credit Unions

The shift in securities laws will make it easier to access capital for startups http://www.blackenterprise.com/small-business/jobs-act-win-for-minority-businesses-title-3/ Related articles WATCH: This Morning's Hearing On Crowdfunding & The JOBS Act Is A Big One Small Business Startup Funding And American JOBS Act Title III Outside the Box: 4 ways investing in startups will become easier for you Minority Business Development Agency Announces Record Client Performance

As we get closer to equity crowdfunding , we will start posting additional resources you can use here. The first is a ten-page PowerPoint deck you can use to summarize your company/business idea. Download it at:  https://docs.google.com/presentation/d/10GpwffpJ8JCRwZOEJkDjbaUBDTWbqwN1DAUcexZhzbQ/edit?usp=sharing From the book:  The JOBS Act: Crowdfunding for Small Businesses and Startups Related articles How to create a basic PowerPoint Presentation Add an exit strategy to bullet points in a PowerPoint slide