West Hollywood, CA, April 26, 2017 --(PR.com
)-- StartEngine Crowdfunding Inc. and its wholly owned-subsidiary, StartEngine Capital, LLC, a funding portal registered with the US Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA), announced gross revenue of over 8 million dollars from platform fees under Regulation Crowdfunding and Regulation A in the first quarter of 2017.
“At StartEngine our mission is to help entrepreneurs achieve their dreams, and we are doing that by democratizing access to capital,” said StartEngine CEO Howard Marks. “I am very proud to be helping these companies as they lead the way.”
“Companies can begin this process at any time - whether they are in very early stages or experiencing massive growth,” said Marks. “This solution to financing helps entrepreneurs stay true to their missions and maintain control of their companies. Fan-owned means keeping the companies on track and allowing them to grow with their customer base.”
The company has unveiled a new look and streamlined the investing process. “Our tools are designed to make the process transparent and easy for investors. We are constantly bringing on new companies and our investor toolkit is ever-evolving,” said StartEngine Director of Product Johanna Cronin. “We want our investors to stay informed about what’s out there and to understand the risks involved, as well as the potential rewards that result from supporting these growing companies.”
Hopeful entrepreneurs should know, “We are always looking for companies with business models that investors will easily understand,” said StartEngine Director of Business Development Kinsey Cronin. “When a company has a close connection to an excited fan base, I feel they have a better chance of being able to raise the capital they need and will hopefully maintain a commitment to their fans-turned-investors. We hold workshops designed for entrepreneurs to come together and focus on building the best raises possible. It’s a great opportunity for us all to collaborate and learn.”
StartEngine often refers to investment opportunities on its site “Online Public Offerings.” The term implies the public offering of an IPO, but it’s all done online, without VC money or big banks.
“The pitch process is being overhauled,” said StartEngine Director of Content Ryan Hynes. “It’s no longer about cobbling together slides to present in small rooms filled with Stanford-educated, white men. The online pitch is more authentic. Everything’s one in the same: Your pitch deck is the same thing as your product deck, and your website, and your company at large. And your customers could very well be your investors.”
StartEngine is also serious about operating compliantly and in the best interest of its investors and companies.
“Preparing a campaign requires a focused effort and there are many elements that go into a crowdfunding campaign. For our team, compliance is a key element of the process. We are diligent about compliance because we are aware startups are not as well-versed,” said StartEngine Chief Compliance Officer Mary Frances Knight. “The process is quite rigorous for companies. Our dedication to the due diligence of issuers and our dedication to compliance sets us apart.”
For more information about the StartEngine platform, please visit www.startengine.com or follow us on Twitter at www.twitter.com/startenginela.
StartEngine is a premier equity crowdfunding platform, connecting qualified millennials and other investors with tomorrow’s progressive companies. Based in Los Angeles, the company was created in 2013 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine is committed to revolutionizing the ways startups are funded, thereby helping entrepreneurs achieve their dreams. Learn more at http://www.startengine.com