The banks have pulled up their drawbridges and are refusing to lend money, VC funding is more of a mine field and most traditional forms of small business financing have dried up.
So with the world’s finances still in a mess how can entrepreneurs get access to funding streams?
Crowdfunding is one method that is gaining traction and its case will be put to investors at a key conference in New York on January 23rd.
The SoHo Loft Capital Creation and Crowdfunding Conference (TSLCCAC) will feature a number of key influencers in the worlds of crowdfunding and alternative finance.
Attendees will be comprised of high net worth investors, CIOs of investors, merchant and investment bankers, fund managers, incubators, analysts, attorneys, select entrepreneurs and secondary stock buyers/specialists.
One of the main attractions will undoubtedly be Congressman Patrick McHenry who is spearheading the so-called “Crowdfunding Bill” in the US which has strong bipartisan support and will make it easier for start-ups to raise funds online.
The forthcoming conference is discussed by David Drake of LDJ Capital at the Grow VC podcast ‘The New Capital Creation marketplace’.
Conference Aims
Since the onset of the global financial crisis the funding of private companies has changed drastically with traditional sources of finance disappearing.
The economy needs new jobs to be created and the best way of doing that is for new businesses to grow, but they can’t without access to adequate levels of finance.
TSLCCAC aims to educate decision makers, investors, entrepreneurs and crowdfunding start-ups on how to fix the broken market.
What exactly is broken?
How can it be fixed?
And how can crowdfunding help?
More details of the conference including information about registration can be found here.