Capitol Hill Lunch Briefing on the Progress of Equity Crowdfunding, and Reforms to Supercharge U.S. Entrepreneurship

By at 12 September, 2019, 10:40 am

The Progress and Promise of Regulated Crowdfunding

How to Supercharge U.S. Entrepreneurship


Capitol Visitors Center (HVC 215)

September 17, 2019
12:30 p.m. – 1:30 p.m.




The Honorable Patrick McHenry (R-NC), Ranking Member, Financial Services Committee, U.S. House of Representatives  

Welcome:  Karen Kerrigan, president & CEO, SBE Council

Youngro Lee, Co-Founder & CEO, NextSeed

Bill Clark, Founder & CEO, MicroVentures

Ryan Feit, Co-Founder & CEO, SeedInvest

Max Rich, Republic

Douglas Ellenoff, Grossman & Schole LLP

Moderator: Andrew Dix, Founder & CEO, Crowded Media Group, LLC

More than 1,000 startups and small businesses have raised capital using equity and debt-based crowdfunding, and the pace of adoption increases with each passing month. Regulated crowdfunding has enormous potential and could be more impactful if key reforms were enacted to streamline its use, and increase the amount that can be raised (currently at $1.07 million annually).

Did you know that regulated crowdfunding is helping small businesses across a range of sectors, and in diverse areas of the country? In addition, women and minority entrepreneurs are more represented in these raises than most types of fundraising.

Join us for this congressional staff “lunch and learn” where the nation’s leading crowdfunding platforms will update attendees on the latest data including: who is using regulated crowdfunding platforms, what is the average raise, what is the average investment, what type of funder is investing in these businesses, how successful are entrepreneurs in raising the capital they need, how long does it take to raise that capital on average, what industries are raising the most dollars, and how is regulated crowdfunding meeting its purpose of “democratizing access to capital”?  Why are changes and reforms needed?


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