Our Crowdfunding Network Is Growing Part 45

It has been a while since I blogged about our new portal and general foray into the crowdfunding industry. I have been pretty busy getting things ready so time has been short of late.

Our portal is now functional; albeit not pretty. We need to work on site flows and the overall experience for customers. We’re also working to write new software leveraging Verify Investors’ technology for accreditation screening. This is really our main constraint for go-live right now, but realistically things will probably take another month. We’re just too busy running our development business right now to spend enough cycles on our site. Things will come in time.

We do have a lot of movement on marketing processes for new investors and the data science that goes with it. I hope to share more about this in the future. For now suffice it to say that we have sent emails to over 100,000 doctors to try to determine patterns and what copy pulls for finding new investors. Our base for this will grow over time and we hope to start soliciting folks in China using Reg. S and AML rules soon.

Our offering circular’s first draft is done and I have sent comments back to the securities attorney. A few more rounds from now the legal will be ready to start taking investor arrows.

Our list is up to 214 investors on Fundrise and we have 330 total solid leads from other efforts. We’re spending a lot of time on marketing flows and defining what leads mean, how they’ll be worked, etc. This is much more complicated than I thought it would be, but we have specialists helping with it with more experience with this type of stuff than I have. I have to run, but I’ll blog about it more soon.