Talk:Equity crowdfunding

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Comments[edit]

Some recent edits have created a very long section on some very specific US legislation Crowd_funding#Equity_Crowdfunding. IMHO this is way too long for this article; and seems to be covering a specific section of a much larger bill. As such, this should be added to a wikipedia article about that particular bill, and a short sentence or two summarizing the relationship/importance to crowd funding as a topic added, with a link could be added to this article. Might the editor in question consider making these revisions? --Karl.brown (talk) 13:14, 24 March 2012 (UTC)[reply]

I agree. Feel free to slash and burn. --Nowa (talk) 15:29, 2 August 2012 (UTC)[reply]

Actually, I fired up the chainsaw and got to work.--Nowa (talk) 15:52, 4 August 2012 (UTC)[reply]

This section has factual errors, omissions, and (I believe) unnecessary inclusions. Examples:

(Error) Kassan, Spinrad (that's me), and Ringelman first petitioned ^[1] the SEC for a crowdfunding exemption in June 2010, and Spinrad discussed the issue at the SEC forum in November 2010 ^[2], not 2011 as stated in article.
(Omission) The crowdfunding legislation in the JOBS Act was not based on the Entrepreneur Access to Capital Act (H.R.2930, McHenry, R-NC), which was the first crowdfunding exemption bill. The original version of the JOBS Act included H.R.2930, but the Senate swapped it out for different language that more closely resembled a later bill, the CROWDFUND Act (S.1970, Merkley, D-OR). It is this version that was subsequently passed by the house and signed into law. See Steven Bradford, Promise Unfulfilled, Securities Regulation Law Journal ^[3], page 5.
(Omission) Rep. McHenry cites the inspiration for H.R.2930 as the BuyaBeerCompany.com campaign, which launched in Nov 2009 to gather pledges for the purchase of the Pabst Brewing Company. See House Oversight Committee hearing, June 26, 2012, "The JOBS Act in Action" ^[4], McHenry comments starting at 59:00.
(Unnecessary inclusions) While the Startup Exemption crew should be mentioned for their leadership in lobbying, the who/where/when of the first meeting of the organization CFIRA and their scheduling of two appearances and interviews with Rep. Patrick McHenry may be too low-level for a general encyclopedia entry on the topic of crowdfunding.

I was gonna just go ahead and "be bold" editing this entry, but these are not minor changes, and I have a few others, so I wanted to discuss first. I agree with Nowa that this section should be shorter, but the story of the movement behind the JOBS Act's crowdfunding provision (Title III) is instructive and interesting, and may merit an entry of its own. Pspinrad (talk) 23:01, 8 April 2013 (UTC)[reply]

Pspinrad - Dive in.--Nowa (talk) 12:56, 9 April 2013 (UTC)[reply]

Having very recently started familiarizing myself with crowdsourcing and crowdfunding, I've come to realize that there are differences in legislations between countries that one really should know about. At the moment, I feel that the general part Crowd_funding#Investment_Crowdfunding and the following part regarding the US are good. However, country-specific information is needed, especially on European countries. I will try and improve the section on Finland, but some legislation-savvy help on the other sections would be much appreciated. Savolmi (talk) 06:48, 1 July 2013 (UTC)[reply]

I consider removing direct links in the Ireland section since these can be seen as purely commercial promotion. Alex_editorwiki

With the JOBS act and international adoption, is it perhaps time for Equity Crowdfunding to have its own page? Peterjthomson (talk) 23:57, 14 February 2014 (UTC)[reply]

I would argue that Real Estate Crowdfunding should have its own page. There are some fundamental differences between real estate crowdfunding and other forms of equity crowdfunding. First, not all real estate crowdfunding is equity-based (some platforms, like Patch of Land, focus on debt offerings). There are also some key distinctions in terms of risk profile (investing in a property vs. investing in a startup). Real estate crowdfunding was a $1B industry in 2014 and is set to be worth $2.5B in 2015, so the industry is now large enough to justify its own page. ^[5] (Disclaimer: I work for a real estate crowdfunding platform called PeerRealty; however, my comments are focused on the industry as a whole rather than one particular platform). Dkellychi (talk) 19:14, 10 June 2015 (UTC)[reply]

There are several examples provided in this article (especially under the "international Approaches to the regulations") that are not EQUITY based crowdfunding. For instance, iCrowdFund is donation/reward based crowdfunding platform. Ehsan Shahamatnia (talk) 14:20, 21 November 2015 (UTC)[reply]

References

Contested deletion[edit]

This article should not be speedy deleted as being recently created, having no relevant page history and duplicating an existing English Wikipedia topic, because the content of the page belongs here. The "move procedure" did not work because the section was being moved from the main Crowdfunding article and the therefore the separate process for correcting the capatilisation of the Equity crowdfunding article did not work because that page was just a redirect to Crowdfunding. The current placement of the content is the correct one. — Preceding unsigned comment added by Peterjthomson (talk • contribs) 03:00, 1 December 2014 (UTC)[reply]

Also note that splits of large articles are not eligible for deletion under the Speedy Deletion criterion. Peterjthomson (talk) 03:03, 1 December 2014 (UTC)[reply]

[1] ttp://www.sec.gov/rules/petitions/2010/petn4-605.pdf

[2] ttp://www.sec.gov/info/smallbus/gbfor29.pdf

[3] ttp://web.law.columbia.edu/sites/default/files/microsites/capital-markets/files/Promise%20Unfulfilled.pdf

[4] ttp://oversight.house.gov/hearing/the-jobs-act-in-action-overseeing-effective-implementation-that-can-grow-jobs/

[5] ttp://www.bloomberg.com/news/articles/2015-03-03/real-estate-crowdfunding-seen-topping-2-5-billion-in-15

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