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Crowdfunding for Women and Minority Firms
Crowdfunding..to be a lower cost source of capital, at lower risk..likely to be the most patient source of capital. Funders will buy your product, act as promoters on Facebook and LinkedIn. Webinar. September 13, 2012 from 3:30 PM to 4:30 PM (ET).
According to Wikipedia, "Crowdfunding, crowd financing, equity crowdfunding, or crowd sourced capital..describes a collective effort by people who..pool their money and resources together via the Internet, to support efforts initiated by other people or organizations."
We will host a webinar ($70.00 to $100.00) on this new effort. We will provide a social investing summary of the law, along with a summary of how businesses can use the law to enter the Crowdfunding market. We will also discuss my new book on the subject, available online at: The JOBS Act: Crowdfunding for Small Businesses and Startups -
While the failure rate of minority businesses is higher than that of nonminorities, a lack of capital explains why. To the extent that you have patient, supportive suppliers of capital, you are able to better weather the inevitable ups and downs of the business cycle. (Many nonminority firms have survived not due to any greater skill, but due to having more money with which to "hang in there...") Crowdfunders are likely to be the best, most patient sources of capital, ever. Not only will they buy your product, but they will act as partners, promoting your effort on Facebook and LinkedIn.
According to a study conducted by the US Department of Commerce, women and minority firms "experience higher loan denial probabilities and pay higher interest rates than white-owned businesses even after controlling for differences in credit-worthiness, and other factors." Crowdfunding promises to be a lower cost source of capital, at lower
risk to the large number of small lenders and investors involved.
We will discuss the new law and the Crowdfunding market in detail. We will describe new financing options and tools. Register at http://jobsact.eventbrite.com/