Our Crowdfunding Network Is Growing Part 78
Monday, June 01
Today our pre-funding partner agreed to our term sheet. They're going to have their attorney start drawing up paperwork for us to collaborate on this week. With any luck this will be resolved in the coming few weeks.I had a Houston attorney review our portal agreement and he seemed to think it ...
Our Crowdfunding Network Is Growing Part 77
Sunday, May 31
The San Diego conference this weekend was kind of lame. The crowdfunding conferences in general seem to be losing some steam. Title IV doesn't have the buzz I thought it would. Some of this may be a function of the state suit, but in general the raises are very costly and I don't see them bein...
Our Crowdfunding Network Is Growing Part 76
Friday, May 22
We're busy collecting the last bit of funds for our fourth crowdfunding deal. The pledging is done, but processing the back end money movement generally takes some time as does accreditation of investors under 506(c). The seller of the property called me today to move the closing back until Jul...
Our Crowdfunding Network Is Growing Part 75
Saturday, May 16
Crowdfunding raise 4 (number 2 on our site) is officially done. It took us a while and we learned a lot about 506(c) in the process. We'll be busy implementing new technology for this in preparation for raise 5, which should be our first raise for a third party.Our portal will undergo a rebrand...
Our Crowdfunding Network Is Growing Part 74
Wednesday, May 06
Our 2nd crowdfunded project (4th total) on our site is now 83% funded. Hopefully we'll get the last 7 shares sold with the next round of email campaigns. This project really needs to be done before we roll out a lot of what is coming. We have a term sheet out to our pre-funding partner candida...
Our Crowdfunding Network Is Growing Part 73
Thursday, April 30
The Board meetings went well this weekend and we're on our way to the new superportal concept. We have a large handful of people that have already committed to doing a new portal. The legal is still in minor flux, but I expect for it to get cleaned up soon.We met with pre-funding partners yeste...