Our Crowdfunding Network Is Growing Part 66

Title IV is the big buzz in the crowdfunding industry right now with the release of the rules this week.  I have spent a lot of time studying the rules this week and it is pretty clear that there is still a lot of confusion on some of the finer points.  Of particular interest is whether or not smaller raises can make Tier I or Tier II rules work under Regulation A+; or Title IV.  Audited financial statements seem to be a non-starter, especially if there are additional quarterly or bi-annual filings needed.  

We have the Zoho integration working at about 90% or so on our site.  The next step will be to use the CRM to build in fancier notices to investors as they navigate through site flows.  That and preparation for Title IV are probably going to be major feature items for generation next in production on our site.  Right now everything is in test.  There are also some other back-end items to make better for being able to monitor where people are in the process once they subscribe.  

Our fourth deal subscribed $45k in 2 days.  This isn't bad, but we still have a long way to go before things are selling through well.  I had one initial call with an institutional financier that can pre-fund deals and we came up with some ideas about how to make it work.  We have quite a bit of growth to do before we're really ready to scale to multiple deals at once anyway.  I expect we can likely implement all of this during 2015.

We have clarity on who we need to interface with from the SSB about the legality and licensing requirements for third party deals.  I have a meeting with our site securities attorney tomorrow to discuss what they told him.  Hopefully a memo will suffice and we can avoid much of the weightier compliance items I've been studying.  If all goes well I am hoping we can do a third party raise of some sort in April.