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Posted over 9 years ago

Our Crowdfunding Network Is Growing Part 51

Our first investment on our site has been a bit rocky.  We knew some of the issues that are happening would happen, but we didn't have time to get the site ready before this opportunity came along.  We have learned that we HAVE to embed the accreditation checks in our site and not send investors to a third party site.  We're in the process of fixing that, but it may need to wait until January.

I'm trying to partner with folks in a variety of capacities to get things up and running.  We have funding for the deals presented so it isn't a huge rush, but the only way we'll get more investors is to partner with folks and truly let the crowd fund the investments.  

I'm in the process of starting a separately skinned portal for compliance with Texas's intrastate exemptions and we'll soon have alliances with people that have expertise raising money in China.  A lot of securities work needs to be done here and I expect to dig into it more in January of 2015.  

Our broker-dealer lost their accounts from Wells Fargo who decided to pull out of the crowdfunding account space.  So we really can't take money in reliably until all of this is fixed anyway.  I think we'll get good traction in early 2015.  We'll also have our back-end CRM implementation coded correctly by then and all of our marketing machinery humming along.  This is a process to implement, but the hard work will only have to be done once.  From there it will just be doing more marketing.

Our third party agreements are still in flight too to list deals for others.  That is taking a long time and is quite frustrating.  Hopefully they'll get done soon.  


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