About This Episode
If you thought Rewards-Based Crowdfunding was a new industry, wait until you check out the Equity Crowdfunding Industry!
We have talked about Equity Crowdfunding once before, but this episode we are going to take a look at the legal liability of Equity Crowdfunding, and also touch on Rewards Liability as well.
And it is an especially important episode as Indiegogo JUST started offering to support Equity Crowdfunding Campaigns.
I hate to jump the gun and cry “Game Changer!” but frankly Indiegogo is further cementing its role as the “anything goes” crowdfunding platform.
That being said, to start you on your legal journey I have brought Mark Roderick on the show.
Mark is a lawyer that has been helping entrepreneurs raise money for years.
When he saw the JOBS Act on the horizon, Mark saw an incredible opportunity to help small businesses.
If you haven’t done it before, raising money is a bit of a pain.
You either have to have millions of dollars to IPO, or you have to know the right people.
With Equity Crowdfunding you can sell shares to anyone all over the world over the internet.
Equity Crowdfunding isn’t as easy as Rewards Crowdfunding.
With Equity Crowdfunding you have to have your paperwork in order.
Accounting, corporate governance, and business plan have to be all top notch.
...And then you have to do the same work as a regular campaign building an audience and putting together your pitch.
Generally, this means that you are looking to raise larger sums of money.
And for some businesses Equity Crowdfunding is the way to go!
For a legal conversation, the discussion is surprisingly entertaining. I promise you will learn something that will aid you in your journey.