So What Will This Crowd-Sourced Equity Thing Look Like?

I spent a lot of space in my last post essentially justifying my excitement at the release of a Discussion Paper on a potential regulatory framework for crowd-sourced equity funding (CSEF) in Australia, in the name of giving it a context. So much so that I didn’t actually get into the content of it at all. For some people, that is actually not an impediment to enthusiastic support or advocacy of a policy – for some, it’s a distinct advantage – but as one who gets all soapbox-y at lazy policy development, I feel I should at least make a token effort.  Continue reading

Access to Funds from the Crowd a Step Closer for Innovators

Public consultation recently closed – yes, I know, my timing isn’t great, but I was off-line for three months with a gang of nasty viruses, so sue me – on a potential regulatory framework for crowd-sourced equity funding (CSEF) in Australia. CSEF is an emerging form of funding that enables someone to raise funds online from a large number of small investors in return for an equally small equity stake in the project or company for which funds are being raised. Worldwide, crowd-sourced funding (without the equity) has been used to fund everything from scientific experiments to feature films and medical treatment, but it is its potential to fundamentally transform the ability of small and start-up businesses that has innovation junkies like me all a-quiver.  Continue reading