SEC Commissioner Hester M. Peirce to speak at CfPA Summit
Crowdfunding Professional Association (CfPA)
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CfPA Regulated Investment Crowdfunding and Leadership Summit 2024 - Detailed Agenda
Day 1 (10/22: Tues.) : Advocacy Visits & Pre-event Reception
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10:00 AM - 5:30 Advocacy Meetings
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Capitol Hill + Regulator visits CfPA members registered for the Summit may be eligible to attend some of the advocacy meetings. |
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5:30-8:00 PM Cocktail Reception |
Sunset Cocktail Reception Top of the Town - Top Floor and Rooftop (1400 14th Street North, Arlington, VA) (Streaming Music by DJ Scott McIntyre)
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Day 2 (10/23: Wed.) : Conference and Summit
Venue: Top of the Town (Top Floor 1400 14th Street North, Arlington, VA)
“One of the most magnificent views in Washington”
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[CfPA Press Release] CfPA Announces Board Approval of Policy Platform
Industry trade group representing the Regulated Investment Crowdfunding industry releases major policy platform with recommendations for change
Washington, DC (May 20, 2024) - The Crowdfunding Professional Association (CfPA), the leading trade group representing the Regulated Investment Crowdfunding industry, announced the board's approval of a Policy Platform containing eighteen recommendations for the industry. Through these recommendations, the CfPA intends to advance the fledgling industry, which has enabled over 6,500 companies to raise more than $2.4 billion from millions of non-accredited investors in the eight years since the industry's rules came into effect.
"The CfPA Policy Platform represents the concerns and interests of a wide range of stakeholders in the Regulated Investment Crowdfunding industry," stated Brian Christie, the 2024 President of the CfPA. “Broad adoption of the platform’s recommendations by industry participants, regulators, and lawmakers...more
Why I Support the SEC's Tentative Plan to Raise a Key Crowdfunding Threshold
An SEC Committee Voted to Recommend Raising the Trigger for Reviewed Financial Statements from $124,000 to $350,000
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.On Monday, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee, a key organization within the financial market’s regulator, voted to recommend raising the threshold for requiring reviewed financial statements under Regulation Crowdfunding from $124,000 to $350,000. Let me explain why I enthusiastically support that recommendation!
What Is a Reviewed Financial Statement?
One of the pernicious problems associated with reviewed financial statements is that the name “reviewed” fails to describe what it is to anyone but a CPA. It sounds a bit like I’ve handed my financial statements to an auditor and asked them to peruse them and then stamp them “reviewed.” That is completely wrong!
Grateful for the super people at SuperCrowd24
On behalf of the Crowdfunding Professional Association (CfPA), I would like to express gratitude to @Devin Thorpe and @Chandan Saha for providing CfPA with the opportunity to co-host SuperCrowd24 and for giving the CfPA board and members the opportunity to share their perspectives and expertise and to connect with a community of attendees from all over the world. The event was highly engaging and informative (-- and provided a welcome diversion following the end of this year’s tax season).
The agenda was packed, the speakers were amazing, and the topics were relevant across a wide range of themes. Personally, I was pleased to hear numerous discussions about the possible integration of regulated investment crowdfunding into the full capital stack of various businesses -- from small enterprises seeking SBA loans to major corporations managing complex divestitures – as it points to a future where crowdfunding and community-ownership could be an important pro-social subs...more
CfPA Recommended Best Practice: “Regulated Investment Crowdfunding”
The MEMO below was posted for the industry by CfPA 2024 President, Brian Christie
MEMORANDUM
TO: All Industry Participants in the Regulated Investment Crowdfunding Industry
CC: CfPA Board of Directors
FROM: Brian Christie, President (2024), Crowdfunding Professional Association, 501(c)(6)
DATE: February 16, 2024
SUBJECT: CfPA Recommended Best Practice: “Regulated Investment Crowdfunding”
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Dear Industry Colleague:
I am writing on behalf of the Crowdfunding Professional Association (CfPA) to inform you of an industry Recommended Best Practice that was adopted and approved by the CfPA Board of Directors on January 8th, 2024.
The CfPA board recommends that all industry stakeholders hereby use the term 'Regulated Investment Crowdfunding' as an umbrella term and when referring to transactions, activities, and operations that may involve non-accredited investors a...more
Join me in the Inaugural Cohort for the Qualified Accredited Investor Certification
I wanted to share an interesting new program that I recently learned about - the Qualified Accredited Investor (QAI) certification from Doriot Venture Labs and IU Kelley School of Business.
The goal of this new certification is to evaluate an individual's expertise in venture capital and startup investing. It involves passing a FINRA exam and completing an investment simulation. Notably, this program is under review by the SEC to establish itself as a viable alternative to the traditional wealth-based Accredited Investor standard.
QAI has the potential to help level the playing field in the venture world. As the program materials mention, currently the top 20% most knowledgeable investors receive 80% of the gains. QAI could help provide a way for more people to demonstrate their sophistication.
I'm such a strong believer in what Doriot Venture Labs is doing that I invested in the company, and I'll also be participating in the first cohort for the new QAI certif...more
How funding portals can reduce CAC & CIC:
Posted at 8/14/2023
Cost of Investor Acquistion
Creating institutional capital investment pools with funding portals is hugely important. Honeycomb Credit has trailblazed that with a foundation. You can go to pension funds, banks, insurance companies, credit unions, etc with these kinds of proposals. Point to HoneyComb's success story, differentiate your portal.
Side-note: would love to start seeing partnerships between niche portals.
If you aren't ready to do that yet, and are starting off with founders in your direct network, I would fill your relevant social media channels (that you send to people) with accessible and engaging demos of your product from the investor's perspective. Of course, content for business owners is important too... but think about it this way: fundraising businesses will be sending your social media content to their investors as to explain how the process is going to go.
Educational content on why your niche and portal serve a critical need. Explain to investors, why their investm...more
