NJIT Crowd funding for Equity Event Attracts Campus Start -ups

PRLog (Press Release) - Oct. 12, 2012 - October 9, 2012 - The Soho Loft University Series event at New Jersey Institute of Technology in Newark last Friday, September 28 has been termed “marvelous” by The Soho Loft founder David Drake.  

The Soho Loft had Ann Marie Mcllwain of CareerFuel present alongside RocketHub COO Jed Cohen, Chris Tyrrell of Right Strategies and panel moderator Douglas Ellenoff of Ellenoff, Grossman & Schole.  

Unexpectedly, the head of acquisition at the Enterprise Development Center (EDC) of New Jersey (which incubates almost 90 companies) also attended the event and eagerly networked with the participants and presenters.

The NJIT EDC supports technology and life-science start ups with the aim of achieving successful product commercialization.  Early-stage companies that will earn significant revenue from proprietary technology may apply for residence at the Center.  The companies currently in residence employ more than 300 people and have leveraged more than $55 million in third-party funding.

At the TSL University Series Event, Douglas Ellenoff spoke to participants of the “large opportunity” afforded them through the crowd funding for equity reforms included in the Jumpstart Our Business Start-ups or JOBS Act (signed into law on April 5 this year).  Representing the most involved and trusted law firm in the crowd funding scene, EG&SLLP, Ellenoff says of crowd funding, “We want to make sure that everyone understands their responsibilities and the need to approach this industry with the utmost professionalism.”

“Investment based crowd funding is exciting,” said Jed Cohen of RocketHub. While he acknowledged that crowd funding for equity cannot be started until the SEC beds down the rules governing it, he encouraged attendees to make use of the current vibe surrounding crowd funding by posting information about it on Facebook, by writing about it in their blog and by launching a perks-based crowd funding campaign in support of their own enterprise.  “Perks-based crowd funding is working right now,” says Cohen.

“The biggest current challenge for crowd funding for equity is getting the regulations done so that we can start crowd funding,” says Ann Marie Mcllwain of CareerFuel.  She recommended that participants learn more about crowd funding for equity in the coming months and chat with others via social media and through personal discussions so they are well placed for its introduction.

“Crowd funding for equity has tremendous potential for emerging entrepreneurs who have great ideas and who are open to alternative and dynamic sources of capital input,” states The Soho Loft founder and crowd funding for equity expert David Drake.  “This nascent market has the capacity to boost the US economy through job creation as it allows holders of capital who were previously marginalized to participate in market growth in a wide range of industries.”

“We expect to see exciting  business opportunities coming out of this University Series event.”

The Soho Loft University Series will resume at Moscow University on Oct. 13 -14.


ABOUT US

The Soho Loft Capital Creation Events ("TSL") is a global event platform that strives to promote and advance strategic and diligent mainstream and alternative investing for start-up entrepreneurs and small and medium-sized enterprises. TSL seeks to provide relevant education and visionary leadership training in the areas of capital formation, crowd funding, angel networking, non-conventional funding, eb5 green card programs, micro-finance, venture capital, private equity and hedge funds. All creative investing solutions are focused in allowing the start-ups and SMEs to optimize all opportunities to grow their business through product/service/market/human resource innovation while seeking to do so in a socially and environmentally responsible manner. All of which are directed to creating a new path to socio-economic prosperity.

David Drake, founder and CEO of TSL, a subsidiary of LDJ Capital, has founded the Crowdfund Intermediary Regulatory Advocates (CFIRA) to further these goals. He was also a representative in the U.S. Commerce delegation to Brussels and Rome to meet with European Ministers and legislators at the Transatlantic Economic Council forum in July 2012. Overall, TSL's mission is to educate about and develop infrastructure to facilitate capital formation, innovation and job creation. As such, The Soho Loft operates as the leading global corporate strategy advisory.

For Press inquiries, contact donna@LDJCapital.com

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