> The problem is that most startups are not investable propositions Truth, yo.
For those of us with long memories, there have been quite a few unconventional funding approaches seen drifting through this very group. With the ASSOB, one is inevitably reminded of Kondoot... http://www.startupsmart.com.au/advice/growth/koodoot-set-for-the-us-as-it-closes-32m-funding-round/ Then there was "Miiy", which did a reverse takeover... http://www.latrobevalleyexpress.com.au/story/218270/skys-the-limit/ I'm not sure where either of these companies are right now, or how they are going, but it's safe to say that they are not exactly household names. Compare and contrast with the better companies that have come through the accelerators (e.g. Startmate) and raised money in a normal fashion and are going like gangbusters.I think we could do with some more innovation in Australia, but strongly suspect it should be confined to actual startup ideas, not quirky new ways of raising money... a lot of these 'weird strategies' seem designed to bypass more cluey investors and head straight for low-information investors. On Thursday, 11 August 2016 02:02:06 UTC+10, drllau wrote: > > Currently only ASSOB are licensed to offer pre-IPO shares, and even then > it is limited to sophisticated investors. The legislation hasn't changed > for equity but debt crowd-funding is already on the cards. The recent > financial review hinted at change or more precisely relaxation of the > existing regulations. If you are really really desperate to be the early > worm, set up a NZ company (which does have crowd investing ... see Snowball > Effect, etc) and use the Mutual recognition provisions of the trans-Tasman > agreement. In the US, the Title III of the Jobs Act came into effect a few > months back in May and there are 10 platforms. However, the vetting process > (if it follows NZ standards) will be slow though they automate the SEC > reporting. > > The problem is that most startups are not investable propositions > > On Saturday, 6 August 2016 17:31:17 UTC-4, Darren J Handyside wrote: >> >> Hi guys, this morning I was reading this article ( >> http://turbinehq.com/2016/future-of-small-business-funding/) and two >> things caught my attention. >> >> https://www.crowdcube.com/how-crowdcube-works >> >> https://www.seedrs.com/ >> >> They are Crowdfunding investment Platform, and only target European >> entrepreneur. >> >> My question: Do we this type of platform in Australia? >> >> -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
