Crowdfunder.com CEO Chance Barnett opines eloquently on the relative merits of crowdfunding, angel investing, and venture capital in this Forbes piece. $34B is expected to be crowdfunded in 2015, just over (hey, what's a couple billion dollars here and there) VC's $32B.
He writes, "What’s more, the current equity crowdfunding market is limited to accredited investors only. But what happens when an entirely new class of investors of potentially 250 million Americans poised under Title III and Title IV of the JOBS Act are empowered to participate and invest for the first time under new equity crowdfunding laws? The potential growth and impact could be staggering."
Barnett continues, addressing the potential for new hybrid VC / crowdfund approaches; transparency issues in private company investing; and new potential "venture exchanges".
We'd call this a must-read for anyone interested in the evolution of this space.
Then, if you really want to get your wonk on, try this one: "Why Choose? Why Not Do Both A Rule 506 Offering Followed by a Regulation A+ Offering?" by Jim Verdonik.
Pope Francis in the new papal encyclical Laudato Si released last week:
"In order to continue providing employment, it is imperative to promote an economy which favours productive diversity and business creativity. For example, there is a great variety of small-scale food production systems which feed the greater part of the world’s peoples, using a modest amount of land and producing less waste, be it in small agricultural parcels, in orchards and gardens, hunting and wild harvesting or local fishing. Economies of scale, especially in the agricultural sector, end up forcing smallholders to sell their land or to abandon their traditional crops. Their attempts to move to other, more diversified, means of production prove fruitless because of the difficulty of linkage with regional and global markets, or because the infrastructure for sales and transport is geared to larger businesses. Civil authorities have the right and duty to adopt clear and firm measures in support of small producers and differentiated production. To ensure economic freedom from which all can effectively benefit, restraints occasionally have to be imposed on those possessing greater resources and financial power. To claim economic freedom while real conditions bar many people from actual access to it, and while possibilities for employment continue to shrink, is to practise a doublespeak which brings politics into disrepute. Business is a noble vocation, directed to producing wealth and improving our world. It can be a fruitful source of prosperity for the areas in which it operates, especially if it sees the creation of jobs as an essential part of its service to the common good."
Paragraph 129: http://w2.vatican.va/content/francesco/en/encyclicals/documents/papa-francesco_20150524_enciclica-laudato-si.html
Transcript of story on PBS Newshour, actually from June 18, 2014.
Some interesting facts from the story:
Here's a detailed overview of the online lending space from Forbes, 9/23/14, "Alternative Online Lenders Fill Funding Needs For Small Businesses", which includes some very interesting charts and graphs.
Quebec farmers Jean-Martin and Maude-Helene Fortier have figured out how to make 6 figures on a small plot of land in a place that's winter 9 months of the year. They write about it in their book The Market Gardener: A Successful Grower’s Handbook for Small-Scale Organic Farming.
The Fortier’s philosophy is “grow better, not bigger,” where"better" means not only better food from better soil, but also a better quality of life.
The couple’s approach to growing food is “biologically intensive,” incorporating permaculture methods like conservation tillage, building permanent beds (as opposed to creating new ones every season), and crop rotation.
Here's the whole article at Civil Eats.
News from AFI; Links to stories on business-for-good, private-company investing, fundraising, & sustainable food.