It all started at 6 Degrees on October 7, 2011 when Joy whispered and planted a seed inside my mind. I believed her reluctantly. She talked about so many ideas as in AnIdeanation. As a finance man, crowdfunding kept echoing in my ears. In April 2011, Obama approved the JOBS Act and I asked – what is the big deal that it needed Obama’s signature? Then sometime late May or June, Kickstarter raised over $10 million for Pebble Watch. This time I said I got to take this seriously. I went back to our shareholders at Antamarka Resources Inc and announced a change of strategy from financing junior mining exploration in Peru and Colombia to financing health wellness and high tech health ventures in the world. With the “Great Recession” we’re in, going back to the basics as food or health combined with an ageing population, it was an easy decision.
This week is a milestone event for us. Special thanks go to Alon and his team at InvestedIn http://invested.in/; Nick, Jason and his production team at Blue Chip Productions http://bluechipproductions.ca/ and last but not least to Joy, my best friend “Queen of Crowdfunding” and co-host at FunditTV http://www.youtube.com/user/fundittv. Behold, we present our first landing page
click here – http://www.healthycrowdfunder.com
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I am Antonio, at your service. Join us in our mission “to help people live long happy healthy lives, in mind body and spirit”.
Welcome to the world’s first largest happy and joyful Healthy Crowdfunder!
Crowdfund News: 1,802,330,457 potential crowdfunding-investors in your network.
The world has indeed turned flat. I like this blog. If you are an entrepreneur financing your venture, you can imagine the possibilities are only limited by your imagination.
Tony Arias comments on balancing social returns with financial returns, creating jobs by facilitating easier access to capital for the entrepreneurs, and at the same time, protecting investors’s interest at the optimum cost in time and money. For example, in British Columbia we have an offering memorandum that can be streamlined. It is more important to spend time and money conducting due diligence on the CEO, his management team and his board of advisors/directors, to ensure that they have the right team players with the applicable track record of success, to execute the business plan according to pre-agreed milestones. More businesses have failed due to management incompetence or failure to execute the plan than due to fraud. For securities based crowdfunding, Tony Arias also cited another practical solution being provided by CrowdCheck Inc, led by Sara Hanks http://www.crowdcheck.biz/. During the due diligence process, validating the business plan assumptions to ensure milestones will be met, will result in better investor relations and further financing round support than burdening managment with the audit of historical data. Those are sunk costs. It is better to ask management to report on the ROI – return on investment for all of the sunk costs. How did the related activities contribute to the business development or advancement of the business towards commercialization?
Protecting investors or the shareholders is a continuous process. Companies being financed by the crowd should get accustomed to operating like public companies at no frills costs. Among others, the following protective measures should be in place:
– strong corporate governance with recruitment of more independent directors
– continuous disclosure of material events
– publication of target milestones
– quarterly progress report of actual results vs pre-agreed milestones
Canada is lagging behind on crowdfunding developments. Check out these sites for regular updates:
. Crowdfunding Professional Association http://crowdfundingprofessional.org/
. Crowdfunding Intermediary Regulatory Advocates http://www.cfira.org/
. Invest Crowdfund Canada http://icanada.nu/crowdfunding/
Since Canada has different provincial “SECs” become part of changing Canadian financial history. Help us appeal to the British Columbia securities regulators and our political leaders how friendlier crowdfunding laws will entice more innovative entrepreneurs and create more jobs for British Columbians. Join our LinkedIn discussion group: British Columbians for Crowdfunding Entrepreneurs and Job Creations http://www.linkedin.com/groups?gid=4612601&trk=hb_side_g. Set up your LinkedIn messages so that you get future meeting invitations on time.
Make sure you find a quiet moment and watch Don Tapscott’s open world. Don’t skip, otherwise you will miss the beautiful closing.
Joy Case’s Anideanation also speaks about Don’s principles where she is asking the world for its Top 8 Priorities. At Healthy Crowdfunder we want health wellness to be one of them.
This morning I led you to Umare Haque’s “If you were the next Steve Jobs’ …” http://blogs.hbr.org/haque/2012/09/if_you_were_the_next_steve_job.html
Social media has torn down traditional boundaries. Now is the time to make a difference as the world seeks for more sustainable global solutions to old problems. Carpe diem!