Here, and here, and here is money to grow your business
1248_ 7/26/12 - We're going to do some interesting linking with money today. We're talking with Dave Milliken, COO at Funding Launchpad. Dave tells us that Funding Launchpad starts off with the concept of crowd funding. "We're all familiar with today's environment. So, instead of trying to get one or two wealthy individuals to give big chunks of money - you're able to go out to the general public and get smaller amounts of money from a lot more people. That's money to grow your business, but also a loyal ‘fan base’ at the same time. Not too long ago this would have been illegal. Dave tells us that has both changed and is changing. Earlier this year a bill was passed by both houses of Congress and signed by the President, called the Jobs Act. This is one of the bills allowing individuals to do exactly what we're talking about here. Interestingly enough, here in Colorado and actually in several other states, there are state regulations that do allow people to partake in such activities today, state's securities laws. Dave said "There is a process to get going. But once you do, you are allowed to tell anyone and everyone that you are raising money. And, of course, you're allowed to take their money and put it in the bank and start using it to grow your business. This is important to business because it is really tough to get money now. The venture capital industry has been shrinking consistently for the last ten years. But more important than that, only certain types of businesses are even considered for bank loans or for institutional money. You have to be in the right geography in some instances, the right industry, the right stage of development... A lot of times they're looking for teams that have done it before. It is really hard for a lot of companies to get started." There's more details...
Related Links: Funding Launch Pad || StartUpGuru || Venture Capital || Entrepreneurs Channel || Keywords: Dave Milliken, Funding Launchpad, Steve Reaser, Brian Tsuchiya, Startup Guru, Crowd Funding Alliance, Entrepreneurs, CrowdFunding, Vim Funding, Jobs Act, H.R. 3606, Advisor, Colorado, Entrepreneur, bytes=4900052
LISTEN TO: Dave Milliken, COO, Funding Launchpad
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