WHILE THE WORLD WAITS FOR THE JOBS ACT TO TAKE EFFECT … CROWDFUNDER, STARTUP WEEKEND AND VEGAS TECH FUND TEAM UP TO EDUCATE ENTREPRENEURS AND BRING STARTUP COMPETITIONS ONLINE WITH $500,000 INVESTMENT OPPORTUNITY
July 3, 2012 – Los Angeles, CA – Crowdfunder has something big brewing with its Vegas Contest. The collaborative funding platform is teaming up with Vegas Tech Fund to put a $500,000 investment opportunity in the hands of an entrepreneur at Las Vegas Startup Weekend, July 13-15.
Investors are galvanizing around Las Vegas as a hotbed for fostering entrepreneurship and community, putting their money where there mouths are with $100M combined investment between Downtown Project + Vegas Tech Fund.
Quote from Startup Weekend CEO Marc Nager
“Las Vegas is one of the most exciting startup communities to be watching right now. With the Downtown Project taking hold and encouraging the rest of the ecosystem to really excel, entrepreneurs all around are taking notice of the vibrant startup scene here. It is incredible to see the vision of the Vegas Tech Fund and Crowdfunder coming together, and Startup Weekend is excited to be a big part of it!”
– Startup Weekend CEO Marc Nager
The Las Vegas contest is designed to find and attract companies who bring passion, energy and a commitment to lasting positive impact for the Vegas community. The contest will be run with companies who enroll on crowdfunder.com to compete for the $500,000 investment opportunity.
Quote from Crowdfunder Co-Founder and CEO Chance Barnett
“While we don’t know exactly when we’ll be able to start crowdfunding businesses, we do know that entrepreneurs and future investors are hungry for information that is timely, trustworthy and easy to understand. We also know that creating a stable and reputable social environment and eco-system prior to crowdfund investing is essential for a strong and healthy transition into crowdfund investment raises. Our contests help communities start to engage in the support, vetting and recognition of top entrepreneurs and companies so that when crowdfunding investment opportunities bubble up to the surface, people on both sides of the investment transaction stand the best possible chance of success.”
-Chance Barnett, Co-Founder & CEO of crowdfunder
How is this contest important and relevant for early stage startups?
crowdfunder aims to build “crowd intelligence” in two ways:
1) By helping entrepreneurs cut through the clutter of information, arm them with resources, tools and advice, and put them on a path to fundraising success in 2013. Over the course of Vegas Startup weekend, Crowdfunder will help inform and educate entrepreneurs about crowdfunding law; how to interpret pending SEC regulations and FINRA oversight; and learn about the opportunities to access new capital and knowledge expertise.
2) By helping Average Jane & Joe investors make better investment decisions through signaling, data and social/identity related information. People invest in people as much or more than ideas. That’s why Crowdfunder as a platform has both People and Companies and, in the very near future, Communities that will model real world investment eco-systems.
Crowdfund investing will always require good old fashioned due diligence (and education for many first time investors). The company is excited about the opportunity to facilitate both crowd intelligence and community interaction at the local level.
crowdfunder is the collaborative funding platform for U.S. startups and small businesses at the forefront of the JOBS Act. Crowdfunder provides a social network for investors and entrepreneurs to connect and fund businesses through equity and revenue-based financing. For more information, visit crowdfunder.com.
Sarah Tripp Stephan