Crowdfunder COO, Steven McClurg, Discusses the Move from Finance to FinTech

We are excited to announce the addition of Steven McClurg to our Executive Team. Steven will be serving as Chief Operations Officer of Crowdfunder and Managing Director for the VC Index Fund. He joins Crowdfunder after spending several years in Financial Services, most recently at Guggenheim Partners where he was a Managing Director working in Portfolio Management. Steven was previously an investor and advisor to Crowdfunder before joining the team. We sat down with Steven to discuss the move from Finance to FinTech.  

Why did you make the switch to FinTech?

I noticed how regulations such as Dodd-Frank and DOL were disrupting the legacy financial services industry, from capital markets to investment banking to financial advisors. These regulations supported technological disruptions such as robo-advising and equity crowdfunding.

That said, I never planned to make the switch.  I thought that I would work in Finance, particularly at Guggenheim, indefinitely.  I saw an opportunity as an investor in FinTech, and decided to invest personally in a few different FinTech companies that I felt had resilient and passionate entrepreneurs, solid business plans, and a strong brand. I diversified across robo-advising, peer to peer lending, and equity crowdfunding.  Crowdfunder had the strongest business plan and brand, along with great founders.  The founders began to call me to get advice, and eventually we decided that we would be great partners to execute on the future of Crowdfunder together.

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Why Title III Of The JOBS Act Will Disappoint Entrepreneurs

Read on Forbes

The long awaited Title III of the JOBS Act goes into effect Monday, May 16th.

With Title III comes the latest in equity crowdfunding laws that permit non-accredited individuals to invest in private startups and small businesses. Investing was previously restricted to wealthier accredited investors and institutions only.

Title III was originally viewed as a potential game changer for fundraising and access to capital, opening up a new and promising avenue for young startups seeking capital.

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Crowdfunder CEO at The Milken Global Conference 2016

This week our CEO & Co-Founder, Chance Barnett, was invited to participate in The Milken Global Conference 2016. The Global Conference brings together some of the most innovative individuals who work to explore pressing challenges in financial markets, and various industry sectors such as health, government, and education.

The Five Hindrances to Getting Funded

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

There are many things that entrepreneurs can do to help be proactive during their fundraising process. As an investor myself, these are some obstacles I see many early stage companies face during their investment process.

  1. Ignoring the Heart— We are sold with our hearts and unsold with our brains. In fact if you don’t grab me emotionally in the first few seconds and completely enthrall me, then I won’t ever engage my brain to determine whether it makes financial sense to invest. Ultimately you need to convince me both rationally and emotionally. Help me fall in love with you, and help me have faith in you, and I might give you a pass on the numbers and projections that don’t make sense. Continue reading…

The Eightfold Path to Investment

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

Knowing when to start looking for investment and how to go about it is one of the most critical points in a startup’s life. There are several factors to consider in this process. Review this guide to better understand each step that is necessary when looking to secure investment.

  1. Right Motivation — If you want investment because you value having new partners who can help you build the company bigger and faster than you could without them, then this is Right Motivation. Many entrepreneurs seek investment as a validation of their idea/company/self. If your motivation is to be validated, then you are on the wrong path.
  2. Right Plan — Have a plan (or at least a plan B) that doesn’t require investment capital to succeed. If you don’t need investors’ money, you will have a much easier time getting it. Let’s face it, what partner in a healthy relationship is attracted to neediness?
  3. Right Timing — There are times in your company’s lifecycle when investment will flow naturally. If the timing is not right, then your energies are better spent building the business. Building a business creates Right Timing for investment. Continue reading…

How to Leverage Social Currency

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

“I know Kung Fu!” – Neo

Your campaign will consist of five phases:

  1. Building Social Currency
  2. Closing Your Lead
  3. Closing Your Network
  4. Public Closing
  5. Victory Lap

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Hacking the Startup Fundraising Matrix

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

The Matrix is the world that has been pulled over your eyes to blind you from the truth.” – Morpheus

The Big Idea

Contrary to what you may believe, there is a proven formula for raising capital. It’s what the world’s best CEOs and expert fundraisers have been using for decades. And now with fundraising and investing moving online, this formula can be amplified, and exponentially more valuable to you.

As we’ve shared this formula with founders raising on Crowdfunder, the data shows that those who follow this formula raise ten times the amount of investment as those who don’t. Founders who follow the formula on Crowdfunder attract $240,000 (founders who don’t raise only $24K). Founders who follow the formula close money 50% of the time from interested investors, whereas founders who don’t close less than 10% of the time.

I will show you how to hack this matrix, but first you need to understand what the agents are doing…

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Top 5 Angel Investor Hacks

By Rafe Furst, Crowdfunder Co-Founder

I recently published a comprehensive guide for entrepreneurs called Hacking the Startup Fundraising Matrix. This is based on my 20 years of experience as a fundraising entrepreneur and as an angel investor myself. Here I’m going to share my favorite hacks for evaluating a deal as an angel investor*.

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LiveAnswer Wins Crowdfunder Prize at Tech.Co Startup of the Year Competition

LiveAnswer, the next evolution of customer communication, recently placed 3rd out of a  thousand companies across the United States competing to become Tech.Co’s CELEBRATE 2015 Startup of the Year. As a Celebrate 2015 finalist, the Miami-based startup qualified for the opportunity to choose one of the grand prizes offered by leading companies – a total combined value of $250,000.

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