Crowdfunding from Syndicator Perspective

[Bruce Warner]

For you syndicators out there, are any of you using a crowdfunding platform that works well for a new syndicator?  What do you think of the costs involved with using that platform vs. services provided?  I am wanting to raise money efficiently for our investors.  Do you think it is better with the traditional way of just going with friends and family and building out your investor group?  What is the fastest way, yet most cost effective overall?

[Tyler Kastelberg]

@Bruce Warner

I empathize with your interest in leveraging a crowdfunding platform for your deal. Unfortunately, you're going to run into road blocks at every platform unless you have a track record of success. The smallest required track record that I've seen is $25 million.

FFF (Friends, Family, and Fools) is going to be your best bet as a new syndicate manager.

Alternatively, you can partner with a more experienced sponsor who can bring the GP experience required for a crowdfunding site.

Best of luck!