For this year’s conference The Alliance for Community Development (ACD) partnered with DRÆM VENTURES led by CEO Ari Eisenstat to help the finalists get real support beyond the usual investor advice about improving their PowerPoint slides and presentation skills offered at many pitch events. Four of the seven finalists may join the DRÆM VENTURES portfolio and plan to launch project crowd funding campaigns to fund the growth of their companies. The partnership between ACD and DRÆM VENTURES allows startups to begin developing and validating the product in order to add more credibility and value to their businesses. Four companies will launch crowd funding efforts through the Alliance for Community Development Indiegogo Partner Page. Each entrepreneur will run its own campaign, which is targeted to launch on October 9 at the 7th Annual BACC Conference: Funding Impact Entrepreneurs.
Indiegogo Project Crowd Funding campaigns can be used by for-profit or non-profit businesses to achieve a specific business purpose. Organizations often use such campaigns for building a product prototype or validating customer buying decisions and then provide specific perks in return for making donations.
None of the BACC Conference Pitch Finalists are using the new “equity crowd funding” option, which went in to effect one year ago through Title III of the Jobs Act. In equity crowdfunding campaigns, the founders seek investment dollars from certified investors and issue stock certificates. However, the process is so new that final SEC rules for these equity crowd funding campaigns have yet to be published. Anyone using this form of crowd funding would be well advised to get appropriate legal counsel and make sure they understand the greater risk levels and reporting requirements.
The BACC Conference will include a session where panelists will share their experience and explore the benefits and challenges associated with crowdfunding. Panelists participating in this session, entitled Crowd Funding Opportunities and Pitfalls, will include:
- Ari Eisenstat, CEO, DRÆM VENTURES (moderator) who supports project crowd funding.
- Alisa Cordesius, Cause Manager at Indiegogo, who has a wealth of knowledge about success factors and risks in crowd funding.
- Brian Friedman, the CEO of Loopd.com was successful in raising funds for developing a software product.
- Katy Levinson, the COO of Crooked Tree Studios, who has led many project crowd funding efforts and acquired Angel funding for this startup.
- Bill Reichert, Managing Director, Garage Technology Ventures brings decades of experience as a Venture Capitalist in technology innovation to the discussion of project and equity crowd funding.
The 2014 BACC Conference: Funding for Impact Entrepreneurs takes place on Thursday, October 9, 2014 at the Kaiser Center Auditorium and Lakeside Theater in Oakland, CA.
About the Bay Area Capital Connections Conference
Since 2006, the BACC Conference brings together entrepreneurs, investors, advisors, business leaders, and startup resources from across the Bay Area and Northern California to improve access to capital for companies with diverse leadership that also generate economic, environmental, and/or social impact. The BACC conference features keynote speakers and panels of entrepreneurs, investors and experts sharing experience and insights into startup financing, scaling and impact.
For more information about the event, or to register, please visit the event page: https://www.eventbrite.com/e/2014-bacc-conference-investing-in-an-inclusive-economy-tickets-10676532797
About the Alliance for Community Development
The Alliance for Community Development is a nonprofit 501(c) (3) organization with the mission of increasing access to capital for companies with diverse leadership. The Alliance serves startup founders and business owners by providing expert business knowledge, growth strategies, and connections to financial and other resources through dynamic forums, conferences and programs. We welcome all entrepreneurs, financial professionals, and business community to our programs.
To learn more about the Alliance for Community Development, visit: http://www.allianceforcommunitydevelopment.com
About DRÆM VENTURES
DRÆM VENTURES is a pre-seed venture capital fund dedicated to finding, founding, and funding the next generation of socially, environmentally, and technologically conscious businesses. DRÆM VENTURES empowers entrepreneurs by making $5,000 investments in great young ideas and people. In addition to an impact micro-investment, DRÆM VENTURES can incorporate your start up and connect you to a support network of potential advisors, mentors, directors, consultants, lawyers, accountants, publicists, developers, suppliers, interns, and team members to help manifest your dream.
For additional information about DRÆM VENTURES, visit: http://www.draemventures.com/