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Major crowdfunding event arriving on the heels of new SEC ruling

Sharing crowdfunding benefits, requirements, procedures and strategies is the goal of the 2nd Annual Global Crowdfunding Convention and Bootcamp, to be held Oct. 14-16 at the M Resort Spa and Casino in Henderson, Nev.

It began last year, becoming the largest crowdfunding event in the world. Crowdfunding investors and seekers, experts and enthusiasts, and inquisitive participants from all over the world attend the convention to network as well as provide, exchange and receive current industry information and tips from the people who have designed and shaped the business model and who have grown with and from the industry.

Because of a new U.S. Securities and Exchange Commission (SEC) law, this event will bring an increased amount of worldwide attendees, putting Las Vegas in the forefront of the crowdfunding movement, according to convention officials.

Ruth E. Hedges

Ruth E. Hedges

“This is a historical change for crowdfunding, and the 2nd Annual Global Crowdfunding Convention and Bootcamp is here at the best time,” said Ruth E. Hedges.

Considered a pioneer in crowdfunding, Hedges created Crowdfundingroadmap.com, a cloud-based planning tool and reporting system that guides subscribers through necessary steps to prepare their business for crowdfund investors along with ensuring it is SEC compliant.

Attendees will learn everything about crowdfunding – the most effective platform, plan and strategy to build success from crowdfunding as well as advantages of the SEC ruling, which involved lifting some restrictions and removing the ban on “general solicitation.”

The SEC, a federal agency, adopted proposed rules that would implement Title II of the JOBS Act and provide changes in the way entrepreneurs and small businesses raise capital in private equity transactions. With the SEC ruling published in the Federal Register, starting Sept. 23rd, businesses that comply with the rules of Title II will be allowed to advertise, market and publicly disclose the fact that they are fundraising. In addition, accredited investors can receive securities (or equity) for their investment.

It is projected that the new law will eventually help release $300 billion of investment capital for issuers.

“This opens up a world of opportunities for American businesses and aspiring entrepreneurs — new investment opportunities for more than 8.7 million accredited investors and millions of startups and small businesses seeking capital,” said Hedges. “To utilize the new funding advantages, individuals must understand the crowdfunding process and how to prepare their business for these investors.”

Crowdfunding served as a model for individuals and businesses seeking capital for projects and ventures, such as political campaigns, disaster relief, independent music and film ventures, start-ups, inventions and more. Those seeking funds use a platform that allows them to announce their goal and receive small contributions from many parties interested in financing their project or venture. Although, there are different types of crowdfunding, the most popular are rewards and donation-based. Fund seekers (issuers) offer non-equity gifts and rewards, such as free copies, honorary mentions and t-shirts, in exchange for contributions.

Understanding crowdfunding’s relevance and value to economic growth, the University of Nevada-Las Vegas (UNLV) introduced a two-day course on equity crowdfunding with a certificate of completion and CEU credits. Hedges led the course from July 12-13.

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Posted in Southwest News, World
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