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I clicked a link on LinkedIn and found you guys. I have a company that manufactures agricultural equipment specifically for hemp and Cannabis. I am interested in crowdfunding. We want to do a 5 Mill raise. we did 17 Mill in rev last year and have zero equity outstanding. where...
Fabulous question, Cullen. However, without spelling out an entire path to landing investors course, I would direct you to any local VDO (venture devp org) like incubators or accelerators in your situation already matured.
As it concerns finding the "right" investor, well, your customers/suppl... more
Fabulous question, Cullen. However, without spelling out an entire path to landing investors course, I would direct you to any local VDO (venture devp org) like incubators or accelerators in your situation already matured.
As it concerns finding the "right" investor, well, your customers/suppliers/beneficiaries would be the natural approach if you plan to CF your next offering. There are many resources for all this, both on our Twitter feed, and as a course of knowledge in our leadership at the CfPA.
So my best advice is to continue to post questions/surveys in forums on Linkedin, look up any cannabis related investment groups in general (especially farming groups locally), and keep go deep quick.
On a personal note, as you know I'm deeply involved in Industrial Hemp, advise a Family Office investor network, and also have patented farm/processing equipment. To that effect, we're launching a national co-op to handle precisely what you're asking. So I'd love to learn more so feel free to reach out directly to Scott@RootOrigins.com or Prosperity@HMP-us.org
All the best,
Scott
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How does InfraShares differ from other crowdfunding portals?
InfraShares is the only Reg CF Funding Portal focused on raising capital for infrastructure projects. We focus on working with developers of water, wastewater, renewable energy, transportation, and telecom projects to bring investment opportunities to unaccredited investors.
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I'm very new to investments an startups. I'm behind on my updated progress with companies I've invested in through Republic. I just need to be pointed in the right direction to who could help me get up to speed with all 8 investments of mine? I'd appreciate the help greatly.
Hi Derrick,
If you invested on Republic.co, you should be able to check your investments if you:
1. Log in
2. Hover over your click the drop-down in the top right
3. Select "My Portfolio"
4. You can then click on any of your investments to read updates.
You can also hover over the lightning bolt nex... more
Hi Derrick,
If you invested on Republic.co, you should be able to check your investments if you:
1. Log in
2. Hover over your click the drop-down in the top right
3. Select "My Portfolio"
4. You can then click on any of your investments to read updates.
You can also hover over the lightning bolt next to your picture, which will display all the updates for companies you follow, have invested in, etc.
Hope this helps!
Best,
Brian
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What are the due diligence obligations of crowdfunding portals?
This question has been the subject of a lot of debate over the years since the JOBS Act was enacted. Some lawyers (and many platforms) take the view that their diligence obligations are limited to those set out in Rule 301 of Reg CF (make sure the issuing company tells you it has complied with its o... more
This question has been the subject of a lot of debate over the years since the JOBS Act was enacted. Some lawyers (and many platforms) take the view that their diligence obligations are limited to those set out in Rule 301 of Reg CF (make sure the issuing company tells you it has complied with its obligations, make sure there's a record-keeping mechanism, and make sure the company isn't disqualified by reason of the bad actor prohibitions). Others point to the provisions of Section 4A(c) of the Securities Act, which says "issuers" are responsible for any misstatements unless by exercise of reasonable due diligence they couldn't have known there was a misstatement, and provides that "issuer" includes anyone "selling" the securities. People in the limited-liability camp argue the portals aren't "selling" and thus aren't "issuers". The SEC says, under certain circumstances, portals may be liable for misstatements by issuers.
This debate may have become largely moot since the 2019 Supreme Court decision in Lorenzo, which provides a separate cause of action under Rule 10b-5 for anyone who "disseminates" a misleading statement. I cannot work out why this decision does not worry portals more.
The other liability provision that should concern portals is Section 9(a)(4) of the Exchange Act, a relatively new addition to that Act, which provides that liability for misleading statements extends to anyone who "willfully participates" in an offering.
In all these cases, liability can be addressed by undertaking due diligence to ensure that the statements made by a company are not misleading.
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