Homepage Forums Financing Fusion JOBS Act is law…LPP could legally crowdfund

This topic contains 4 replies, has 5 voices, and was last updated by  Francisl 3 years, 3 months ago.

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  • #1345

    dennisp
    Member

    Obama’s signed it, so soon small investors will be able to play.
    http://www.forbes.com/sites/work-in-progress/2012/04/05/jobs-act-to-jumpstart-the-job-market/

    The SEC has some time to implement the rules, so it won’t actually be possible until 2013. Maximum crowdfunding round is $1 million annually. To go that high, you need audited financial statements, and the total upfront cost could be around $15K.
    http://mashable.com/2012/04/05/jobs-act-crowdfunding-startup/

    Once it’s available, funding rounds will have to go through SEC-approved crowdfunding portals:
    http://techcrunch.com/2012/04/05/with-jobs-act-becoming-law-crowdfunding-platforms-look-to-create-self-regulatory-body/

    Wikipedia has a good summary of the act’s provisions. Individual investment limits will be determined by income and net worth, generally somewhere in the range of hundreds to several thousand. It’s all a little more complicated than my quick summaries.
    http://en.wikipedia.org/wiki/JOBS_Act

    And here’s the full text:
    http://thomas.loc.gov/cgi-bin/query/D?c112:6:./temp/~c112IBHMyz::

    Speaking for myself, if things are still progressing nicely by 2013 I’d be thrilled to put some money in.

    #11799

    mark
    Participant

    I would love to invest by crowdfunding. The accredited investor hurdle was a big disappointment.

    The sooner LPP crowdfunds the better, as I think there will soon be a plethora of crowdfund scams out there and I wouldn’t want focus fusion’s signal to get lost in the noise.

    #11803

    Patientman
    Participant

    Started a list of two kinds. First, there are established web sites that are gaining positive reputations for crowd funding.

    http://www.rockthepost.com
    http://www.kickstart.com

    Second, there are common rules in this approach to fund raising.
    Besides the standard Business plan and market research, a video of the following information:
    Who you are
    What is the purpose of your project
    If possible, show your prototype or service
    Invite other people involved in the project to speak in the video
    Why you need what you need
    What you plan on doing if you reach your project goal
    Share future plans
    I found this list on Rock The Post
    1. Plan ahead!
    Planning ahead is the key to the future (and the success) of your campaign.
    2. Target your audience.
    Crowdfunding is not primarily about money, although many would think so. It is about getting a crowd of people inspired with the main goal of making a change or taking an action.
    3. Work on that business plan.
    Just like a word of mouth cannot be convincing, an unsupported project cannot be successful.
    4. Be passionate.
    You have everything clear in your head, and maybe in your finance books as well, but how you will serve this to the public is the main determinant of its success (or failure).
    5. Turn crowdfunding in an actual marketing campaign.
    6. Spread the word!
    As we mentioned above, the relationship you establish with your audience should be taken to another level: making them your fans and potential pledgers.
    7. Attract the money (oops, we mean the followers!)
    8. Be strategic.
    There must be a few people on your e-mail list that you are sure will be interested in your project and will definitely pledge.
    9. Update constantly.
    You can’t expect to tell a story, leave and then get all the funding you need. Not only it doesn’t work like that, but it can ruin your whole campaign.
    10. Keep the audience engaged.
    And last but not least, thank your followers for their support and nice comments, not only the ones who pledge.

    Many of the campaigns on Kickstart, where about raising funds for films (in all phases). If you browse these successful examples, you will see they concern social issues. Focus Fusion is about solving the issues of radiation from nuclear plants, oil and gas producing CO2, and the climbing cost of energy. These should be central to the funding and theme of a video about Dense Plasma Fusion from LPP.

    #11812

    Tulse
    Participant

    As a pedantic correction, the website is kickstarter.com, not kickstart.

    #13691

    Francisl
    Participant

    SEC Adopts Rules to Permit Crowdfunding: latest update

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