Hi,
May 16, 2016, was a monumental day for entrepreneurs and investors across the United States. The approval of Regulation Crowdfunding was the first meaningful opportunity in over 80 years that provides everyone the chance to invest in startups and growing companies.
Monday, at 5:48 AM we launched the first Regulation Crowdfunding campaign, ever! We went live and launched five new campaigns under the new regulations. We expect to see another 10 companies launch in the next 30 days. As an equity crowdfunding platform committed to providing opportunities to non-accredited investors, we are excited to allow companies to now raise up to $1MM under Regulation Crowdfunding (also known as Title III) and raise $2-50MM under Regulation A+ (also known as Title IV).
In addition, StartEngine helped celebrate the launch of Regulation Crowdfunding on Capitol Hill in Washington, D.C. We were a finalist in the D.C. Demo Day, and showed off our website redesign! Over 75 companies applied for one of the 30 spots. We were the only company that presented our website without any technical issues.
During StartEngine’s inception, we set out on a mission to help entrepreneurs achieve their dreams. Our goal is to fund over 5,000 companies in the next 5 years, creating over 1 million jobs for the US economy. With this new regulation, we are only one step closer to reaching our goals.
Keeping our momentum going with the launch, we have been recognized by press all over the country. We have been covered by top publications such as the Washington Post, Forbes, Los Angeles Times, CBS, Inc, Chicago Tribune, The New York Times and Entrepreneur.
It’s safe to say that we have hit some memorable milestones. We currently have over 55,000 registered users, we helped Elio Motors raise 16.9MM in capital from over 6,600 investors, we have 93MM in reservations dollars and 16 companies on our website... And we are just getting started. Please join us in the revolution and visit StartEngine.com for more information about our current opportunities.
This is only the beginning…. We look forward to the journey ahead and sharing it with you.
Cheers,
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