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Our Crowdfunding Network Is Growing Part 48
Last night I inked a deal with a national broker-dealer to sanitize funds from investors. This solves many compliance problems and also should allow us to broker deals for others if done properly. I am working through the agreements with another securities attorney for presenting deals from others. It seems like we need an agreement for indemnification and compensation, one between we and the broker-dealer (the one I signed last night), and some language for the subscription agreements of issuers/promoters. I hope to have all of this accounted for in December.
We're also implementing an affiliate program that will be coupled with our finder's agreement. We need to figure out the compensation model here, but the technology should only take a few days to implement and test out. I hope to have this ready next week, but it is Thanksgiving week so we'll see how productive the week is.
I landed a monthly bi-lined article in some national magazines the week before last that I plan to start writing for later this year. We're also setting up a new blind pool debt fund to supplement our equity raises on the site that should hopefully be ready by the end of Q1 of 2015. I signed up to go to the Pitbull Mortgage Conference in February to aid in this fund, but we will likely have a lot of the machinery set up by the time we go to that.
Marketing initiatives have stalled of late, but we should pick them back up in earnest next week. Our partner that handles that had a baby (actually his wife did ;-)) last week so we didn't get a whole lot done. We did clean the investors up in the new states for our marketing flows and entered everyone in Sugar. Now we just need to build reports for totals and weekly movement for each of the states.
2015 should be a great year. I fully expect to have 4-5 issuer/promoters in Texas and California up and running on our site early in the year.
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