Our Crowdfunding Network Is Growing Part 86

After a lot of back and forth we decided not to move forward with what was likely to be our first third party deal.  There were some compliance reasons for this and we're frankly not ready anyway.  We're going to be focusing on debt deals too so we're saving our resources to work through those details and our rebranding before we start a third party raise.  

The securities attorney is working on the SPE for debt projects.  We had a nice conversation about this yesterday and decided to use debt instead of equity for these projects.  Investors could either buy equity in the SPV which issues a deed of trust and lien note or participation interests in the debt security.  We went back and forth about which to offer and are now leaning toward the latter instead of the former for legal reasons.  I think how some of the funding platforms are doing it is fraudulent given their advertising which may prove to bite them later on.  

The rebranding to RealStarter starts today and we'll be sending out a lot of press releases and emails about this along with updating our social media.  Hopefully we'll be able to do a raise soon, but I would rather this take longer and to do it right than to rush things.  

I have been engaging broker-dealers to help us sell our securities as well.  This week had a few good calls on this and I expect next week to yield more progress here.  There are a lot of things that have to come together at once to make things successful so hopefully they'll converge in August.