© 2015-2017 David M. Freedman
mobile: 847-204-6848

dave@freedman-chicago.com


David M. Freedman, Financial & Legal Journalist

Articles on Crowdfunding & Angel Investing
by Dave Freedman and Matt Nutting


All of the following articles are available online, no fee or log-in required.

Some hyperlinks are in the process of being updated, so they might be temporarily broken. Sorry for the inconvenience. 5/26/17


CROWDFUNDING BASICS

A Brief History of Crowdfunding

(PDF - updated November 4, 2015)
http://www.freedman-chicago.com/ec4i/History-of-Crowdfunding.pdf 


EQUITY CROWDFUNDING — NATIONAL

Equity Crowdfunding Starts Today—Here's Where to Find Startup Investments
(published May 16, 2016, by Crowdfunding-Investor.com)
http://www.financialpoise.com/crowdfundinginvestor/news/equity-crowdfunding-starts-today-heres-find-title-iii-offerings/

Wefunder Dominates Equity Crowdfunding
(published May 24, 2016, by Crowdfunding-Investor.com)
http://www.financialpoise.com/crowdfundinginvestor/news/wefunder-dominates-equity-crowdfunding/

98 Crowdfunding Investmets Rated by Stratifund
(published by Crowdfunding-Investor.com November 24, 2016)
http://www.financialpoise.com/crowdfundinginvestor/news/stratifund-rates-98-crowdfunding-investments/

The Coming 'Transformation' in Private Capital Markets
(originally published by Financial Poise, March 1, 2016)
PDF download

Everything You
Need to Know about Securities Crowdfunding
(published by AIMkts.com, July 1, 2015)
http://www.accreditedinvestormarkets.com/article/everything-you-need-to-know-about-securities-crowdfunding/

Don't Rely on the SEC to Screen Title III Offerings
(published by Crowdfunding Investor, May 13, 2016)
https://www.financialpoise.com/crowdfundinginvestor/news/dont-rely-sec-screen-title-iii-offerings/

The Basics of Convertible Debt

(originally published by Financial Poise, May 2, 2016)
PDF download

SAFE: Simple Agreement for Future Equity
(published July 1, 2016, by Crowdfunding Investor)
http://www.financialpoise.com/crowdfundinginvestor/news/safe-simple-agreement-future-equity/

The Growth of Equity Crowdfunding: Options for Private Companies, and Secondary Markets for Investors, Keep Expanding
(originally published in the July/August 2015 issue of The Value Examiner magazine)
http://www.freedman-chicago.com/ec4i/Growth-of-Equity-Crowdfunding.pdf

2 Problems Solved by Final Rules for Title III Equity Crowdfunding
(published by AIMkts.com on November 4, 2015)
http://www.accreditedinvestormarkets.com/article/2-problems-solved-by-final-rules-for-title-iii-crowdfunding/

Title III Will Let Everyone Invest in Equity Crowdfunding—Soon!
(published by AIMkts.com on October 14, 2015)
http://www.accreditedinvestormarkets.com/article/title-iii-will-let-everyone-invest-in-equity-crowdfunding-soon/

Title III Crowdfunding Deal Flow: What Kinds of Startups Want Thousands of 'Small' Investors?
(published by AIMkts on November 18, 2015)
https://www.financialpoise.com/accreditedinvestormarkets/article/title-iii-crowdfunding-deal-flow/

First Few Years of Title III Equity Crowdfunding Will Be 'Dismal'
(Published by AIMkts on January 21, 2016)
https://www.financialpoise.com/accreditedinvestormarkets/article/first-few-years-of-title-iii-equity-crowdfunding-will-be-dismal-who-said-that/


The Pioneers of Title III Equity Crowdfunding
(published by AIMkts October 28, 2015)
http://www.accreditedinvestormarkets.com/article/the-pioneers-of-title-iii-equity-crowdfunding/

Comparing 4 Kinds of Equity Offering Platforms: Reg D, Reg A+, Title III, and Intrastate
(PDF - posted April 16, 2015)
http://www.freedman-chicago.com/ec4i/4-Equity-Offering-Platforms.pdf

Distinguishing Equity Crowdfunding Portals and Broker-dealer Platforms under Title III
(Published by Financial Poise, April 4, 2016)
https://www.financialpoise.com/columns/crowdfunding-for-investors/distinguishing-crowdfunding-portals-and-broker-dealer-platforms-under-title-iii/

Equity Crowdfunding Performance: Billions for Startups, But What about Returns for Investors?
(published by AIMkts.com June 17, 2015)
http://www.accreditedinvestormarkets.com/article/equity-crowdfunding-performance-review-billions-for-startups-but-what-about-returns-for-investors/ 

Wisdom of the New Crowd (of Non-accredited Investors)
(published by AIMkts.com July 22, 2015)
http://www.accreditedinvestormarkets.com/article/wisdom-of-the-new-crowd/

Emerging Secondary Market for Crowdfunded Securities
(published by AIMkts.com July 8, 2015)
http://www.accreditedinvestormarkets.com/article/emerging-secondary-market-for-crowdfunded-securities/

Regulation A+ Creates ‘Mini-IPOs’ for All Investors
(published by AIMkts.com April 7, 2015)
http://www.accreditedinvestormarkets.com/article/regulation-a-creates-mini-ipos-equity-crowdfunding-confusing-investors/

Who Should Invest in Seed-Stage Companies under Reg A+?
(published by AIMkts.com June 24, 2015)
http://www.financialpoise.com/crowdfundinginvestor/news/invest-seed-stage-reg-a/

The Jumpstart Our Business Startups (JOBS) Act and Equity Crowdfunding
(interview with Freedman on Accredited Investor Markets Radio, Dec. 11, 2015)
http://directory.libsyn.com/episode/index/id/4010920


EQUITY CROWDFUNDING — INTRASTATE

Intrastate Securities Exemptions That Allow Equity Crowdfunding
(PDF - updated November 2015)
http://www.freedman-chicago.com/ec4i/Intrastate-Securities-Exemptions.pdf


PEER-TO-PEER LENDING (a.k.a. P2P or marketplace lending)

Watch Out for Subprime Peer-to-Peer Borrowers
(published by AIMkts.com July 15, 2015)
http://www.accreditedinvestormarkets.com/article/watch-out-for-sub-prime-peer-to-peer-borrowers/


ANGEL INVESTING

Angel Investor Fundamentals
(published by AIMkts.com March 28, 2016)
https://www.financialpoise.com/accreditedinvestormarkets/article/angel-investor-fundamentals-resources/

Diversification, Correlation, and Alternatives in a Scary Market

(published by AIMkts.com February 10, 2016)
https://www.financialpoise.com/accreditedinvestormarkets/article/diversification-correlation-and-alternatives-in-a-scary-market/

Limited Liability Company (LLC) Basics for Investors

(published by AIMkts.com December 2, 2015)
https://www.financialpoise.com/accreditedinvestormarkets/article/limited-liability-company-basics-for-crowdfunding-investors/

Title II Spawns Sustainable Surge of New Angel Investors
(published by AIMkts.com August 5, 2015)
http://www.accreditedinvestormarkets.com/article/surge-of-new-angel-investors/

3 Categories of Startup Growth Potential
(published by AIMkts.com August 12, 2015)
http://www.accreditedinvestormarkets.com/article/startup-growth-potential/

Demo Days, Venture Fairs Don't Necessarily Constitute General Solicitation
(published by AIMkts August 19, 2015)
http://www.accreditedinvestormarkets.com/article/demo-days-venture-fairs/

Social Benefits Outweigh Financial Motives for Many Angel Investors
(published by AIMkts August 26, 2015)
http://www.accreditedinvestormarkets.com/article/social-benefits-outweigh-financial-for-some-angels/

Lower Minimum Investment Amounts Will Drive Socially Motivated Angel Investing
(published by AIMkts September 9, 2015)
http://www.accreditedinvestormarkets.com/article/lower-minimum-investment-amounts-will-drive-socially-motivated-investing/


Valuation Based on Early Angel Deal is Usually Misleading
(published by AIMkts November 11, 2015)
http://www.accreditedinvestormarkets.com/article/valuation-based-on-early-angel-deal-is-usually-misleading/



FOR ENTREPRENEURS

SEC Equity Crowdfunding Rules for Issuers of Title III Securities
(published by AIMkts.com December 9, 2015)
https://www.financialpoise.com/accreditedinvestormarkets/article/sec-equity-crowdfunding-rules-for-issuers-of-securities/

SEC Eases Burden of Filing Annual Reports for Title III Issuers
(published by AIMkts.com December 18, 2015)
https://www.financialpoise.com/accreditedinvestormarkets/article/sec-eases-burden-of-filing-annual-reports-for-title-iii-issuers/

Build Relationships with Kickstarter Backers for Later Equity Raises

(published by AIMkts September 30, 2015)
http://www.accreditedinvestormarkets.com/article/from-kickstarter-to-later-equity-raises/

iDisclose Generates 80%-Final-Draft PPM for Under $5,000
(published by AIMkts October 5, 2015)
http://www.accreditedinvestormarkets.com/article/idisclose-final-draft-ppm/


FOR LAWYERS

Equity Crowdfunding: Your Net Acquisiton Target Could Be a Crowdfunded Company
(coauthored with Jonathan Friedland, attorney; published by The Corporate Counselor)
CorporateCounsel-April16-2016c.pdf


Congress Will 'Fix' Equity Crowdfunding
(published by Crowdfunding Investor on April 11, 2016)
http://www.financialpoise.com/crowdfundinginvestor/news/congress-will-fix-equity-crowdfunding/


Equity Crowdfunding for Investors

By David M. Freedman & Matthew R. Nutting

Equity Crowdfunding for Investors

How to invest in startups and early-stage companies via equity crowdfunding portals

See chapter summaries

Published by Wiley & Sons
June 2015