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Posted about 10 years ago

Our Crowdfunding Network Is Growing Part 55

You have to love the lawyers.  This week they changed our subscription agreements after our deal was subscribed.  So now we get to ask all the investors to sign things all over again.  Joy.  Hopefully they'll do it.  

We have found several problems or things we could do better with our site by doing our first raise.  Many of these things we fixed this week, but some will require more work over the next few weeks.  I expect for our next deal to go much smoother.   

I have two new deals teed up for our next cycle of projects.  Both are not time sensitive so they'll fit well as we're getting our legs underneath us with the site and our marketing ramped up.  One is a deal we own with our private equity fund that we're going to take a small amount of profits on and recapitalize with the crowd.  The other is a deal for a third party we are good buddies with locally that needs to recapitalize out of because they're using short-term bridge financing.  We're busy getting everyone vetted with the broker-dealer right now and perfecting those account setup processes.  

I am also almost done with doing the cap table for our new Inner 10 Capital LLC for starting this company in earnest.  We have a meeting with The State Securities Commission next week to make sure our companies will be set up correctly for taking in non-accredited money in Texas.  


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