Skip to content
Welcome! Are you part of the community? Sign up now.
x

Posted over 8 years ago

Our Crowdfunding Network Is Growing Part 85

We have a second draft of our compliance documents for our funding platform completed and I have a 2nd securities attorney reviewing them.  All of our compliance documentation will be complete soon and we'll just need to work through some agreements with our broker-dealer.  The good news is this is a one-time activity and we should be cut/paste after this going forward.  

We have a call set up tomorrow to start gathering the listing documents needed for our first third party raise.  I am hoping all of the legal will be ready for this in the coming few weeks and we can go live in early August.  

August 1st we'll be cutting over to branding as RealStarter and Inner 10 Capital will now be our brand for our new debt fund we're setting up.  Regulation A+ is still on our minds, but there is too much legal uncertainty with it right now for us to invest much time in it.  

We'll be rolling out various marketing activities in the coming few months to start to get more investors to the site.  We have had several join each week of late with zero advertising so we must be doing something right.  Once we get our SPEs done for debt deals we should be doing multiple deals at once and get more site traffic.  

We have hired a developer full time to aid in getting the technology in house and move away from our white label service sooner.  I expect for us to be at feature parity with our white label site in about 4 weeks or so.  We'll likely launch with the new technology in around 8 weeks after we have some time to test everything out, fix defects, and complete our new raise.  Before the end of the year I expect to be doing multiple raises at once with our own technology.   


Comments