Our Crowdfunding Network Is Growing Part 68

This week I made a ton of progress learning about the new Regulation A+ under Title IV.  Much remains to be learned, but things are looking workable under Tier II.  This should allow us to market to non-accredited investors for our new debt fund.  I think this is a good product for this audience given how easy it is to understand.

We continue to make progress on our website.  We'll be implementing new feature sets to take in international funds and to set ourselves up for Title IV in the future.  

I got a soft quote for $25k plus $5k for the first year accounting for the new Title IV "fund" (operating company?) this evening.  That seems workable and will actually cost less than what we spent on our Reg. D docs last year.  

Our 4th raise has slowed down a bit.  We have roughly 25% of the securities sold.  We've been pretty busy this week dealing with fires on existing development projects.  I expect many of these to sell off later this year so we can start to focus more energy on the funding platform.  Hopefully we can diversify into apartment deals and debt offerings soon.  I'm hoping to have one of these project types up by the middle of the year.  

We're still working through the legal framework for taking third parties into our funding platform.  Our in-house counsel is starting to connect the dots and I think we'll have clarity with the SSB board soon.  All of this is troublesome because there doesn't seem to be good guidance on what we're trying to do in the courts yet.  We're really pioneering things as are other portals.  Certainly is really tough given the state of the industry.  I'd rather err on the side of being conservative and things taking longer to set up though.