Our Crowdfunding Network Is Growing Part 25
Friday, April 18
I signed the engagement letter with the new securities attorney a few days ago. We should get going on some test the waters documentation for both our site and Fundrise in the coming week, which is very exciting. Our new website has pulled two new investors in two days and I replaced all of ...
Our Crowdfunding Network Is Growing Part 24
Tuesday, April 15
We have an engagement letter from a securities attorney at Dinsmore, David Lavan, that I plan to sign this week. Our site is basically finished and we're going to shift to start work on the back end and the flows. What we have right now just needs to be pointed at the right domain server and...
Our Crowdfunding Network Is Growing Part 23
Wednesday, April 09
We are inching closer to a signed engagement letter with a securities attorney for our new 506(c) fund and a TTW-like set of documents for specific deals. Hopefully we can have that signed in the coming few weeks to get things rolling. Our website's soft launch has been delayed a bit, but it...
Our Crowdfunding Network Is Growing Part 22
Friday, April 04
We made a ton of progress with Fundrise this week. After many email threads, conversations, etc. we have decided to pursue a 506(c) exemption for our new fund. Many considerations were needed, but ultimately things came down to a handful of items: 1. You can do a TTW-like document for a...
How To Vet A Crowdfunded Development Opportunity
Tuesday, April 01
This is from one of my blog posts for iFunding that I thought I'd reproduce here for BP's benefit ;-) As an investor you should be concerned that the project you’re participating in has a sponsor with adequate knowledge of the development process. Development activities vary considerably in...
Our Crowdfunding Network Is Growing Part 21
Tuesday, April 01
After carefully considering listing our new project on iFunding we decided to capitalize it with our existing set of JV investors instead. The time frame on the raise was simply too short with too much earnest money exposed and too much work as overhead to present it online. I'd say we need ...