Ron Miller, CEO of StartEngine, explains the structural advantages of Title III equity crowdfunding compared to institutional rounds.
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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 MillerNov 20, 2016▶ 14:25EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
AssertionNot 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 MillerNov 20, 2016▶ 3:38EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
AssertionSupported
Miller: StartEngine has hosted 15 to 18 company raises to date
“I think that there are a total of 15 to 18 companies.”
Ron MillerNov 20, 2016▶ 19:21EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
AssertionPartly supported
Miller: StartEngine has raised $7.7M in total outside capital
“Total was 7.7.”
Ron MillerNov 20, 2016▶ 19:47EP 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 MillerNov 20, 2016▶ 19:55EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
AssertionNot checkable as stated
Miller: The average StartEngine investment check size is $1,400
“1400 is the average.”
Ron MillerNov 20, 2016▶ 20:31EP 484: $7M Raised with StartEngine CEO and CrowdFunding SnapWire CEO
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