Our Crowdfunding Network Is Growing Part 24

We have an engagement letter from a securities attorney at Dinsmore, David Lavan, that I plan to sign this week. Our site is basically finished and we're going to shift to start work on the back end and the flows. What we have right now just needs to be pointed at the right domain server and we should be off and running with campaigns soon. Our lead generators are working on writing some scripts to find initial leads and we have manually found hundreds of names with some marketing teams. We also have some list brokers that we can use once the system and campaigns are in better shape.

Our PR firm is going to be releasing some press releases soon to assist with organic traffic and overall visibility. I plan to change my BP company names, logos, etc. once everything rolls out.

Our Fundrise network is now up to 135 investors with $8.66M. Hopefully we can make the push toward $10M in May of this year. That will be a nice milestone for us. I am okay signing Fundrise's agreements, but I have yet to do so because we need to get the 506(c) TTW-like document produced and the site up. 1124 Linden is still a project we plan to use to generate investor leads on the site and possibly close out a round of financing.

Groundbreaker called me last week and left a message. I called them back this weekend and haven't received a return call. ForeFund Capital hasn't produced anything of significance thus far. We'll still be spending the bulk of our time and energy with iFunding and Fundrise. I had a call with the Fundrise CEO today and they plan to offer services similar to Groundbreaker in the future so I am not sure that cultivating this relationship has the utility I once thought it did.

Next week I have my Bullseye Board meeting in Vegas and will be meeting Ruth Hedges who runs one of the biggest crowdfunding conferences. We'll also have a successful syndicators alumni conference for The Dealmaking Symposium, which should be a lot of fun and good discussion.

Overall I am pleased with the progress we're making. A lot of the hard work for setting up everything should be behind us soon and we'll just need to get into the detailed work of setting up the actual offering and operating agreement that we can leverage across deals. That and generating a repeatable marketing machine to bring on new investors should take the balance of 2014 most likely. My goal is to have everything set up and just be tweaking/adjusting/improving things by 2015. We're doing about 40 development projects at a time now so that is keeping us quite busy in addition to all of this business development activity.