Insight certainty 4/5 debate potential 2/5

Miller: Crowdfunding rules let companies set their own terms

Ron Miller · EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO · Nov 20, 2016 · at 11:50

Ron Miller, CEO of StartEngine, explains the structural advantages of Title III equity crowdfunding compared to institutional rounds.

0:00 / 0:05exact quote · 5.8s
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“One of the main advantages for companies raising capital under these rules is that they get to set the terms.”

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More from Ron Miller

Insight
Miller: Large VCs pose higher exit litigation risk than retail crowdfunders
“I think there's an inversion of risk, and here's what it is, if you have Other sophisticated venture capital, super angels, high net worth individuals in your round, and something along the lines of what you described occurs, where there's an exit, but for som…”
Ron Miller Nov 20, 2016 ▶ 14:25 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
Assertion Not checkable as stated
Miller: StartEngine has 60,000 community members and around 13,000 investors
“We've got about 60,000 unique individuals who have participated in our community, and of which I'd say something like 12 or 13,000 have become actual investors.”
Ron Miller Nov 20, 2016 ▶ 3:38 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
Assertion Supported
Miller: StartEngine has hosted 15 to 18 company raises to date
“I think that there are a total of 15 to 18 companies.”
Ron Miller Nov 20, 2016 ▶ 19:21 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
Assertion Partly supported
Miller: StartEngine has raised $7.7M in total outside capital
“Total was 7.7.”
Ron Miller Nov 20, 2016 ▶ 19:47 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
Disclosure
StartEngine is considering raising on its own platform next year
“That was a action unsolicited outside, outside investor that came in, but we are contemplating doing so next year.”
Ron Miller Nov 20, 2016 ▶ 19:55 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
Assertion Not checkable as stated
Miller: The average StartEngine investment check size is $1,400
“1400 is the average.”
Ron Miller Nov 20, 2016 ▶ 20:31 EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
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