Exits. The stuff that crowdfunding investor dreams are made of. Or not? A story we ran recently has prompted us to think more about this topic. It was about the acquisition of Scotty’s Brewhouse, a mini-chain of midwestern brewpubs that is one of the few crowdfunded companies (in this case through Indiana’s intrastate exemption) to […]
Scotty’s Brewhouse in Indiana has become the first intrastate crowdfunding exit. After raising money through Indiana’s intrastate crowdfunding exemption in 2014, Scotty’s Brewhouse, a chain of 18 brewpubs founded 20 years ago, recently agreed to be acquired by a private equity firm for an undisclosed sum. Scotty’s raised just a small amount of its total […]
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Women entrepreneurs are at a disadvantage when it comes to raising capital for their businesses. They’re turned down more often than men and, when they do raise money, they raise smaller sums. (It’s a good thing they know how to do more with less). That’s starting to change, as new funding options that bypass the […]
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With coal mining at a 35-year low, coal regions have been struggling with job losses and stagnant local economies. One new venture in Kentucky offers a solution: teaching coal miners how to code. It started three years ago when Rusty Justice and M. Lynn Parrish, the owners of a Pikeville, Kentucky excavation and engineering company […]
Local retail is a crucial to a community’s economic health and vitality. Local stores invest 68 cents for every dollar they receive back into their neighborhood. They also increase the perception that a block is less vulnerable to crime and, as result, boost safety, says Sarah Filley, the founder of Popuphood, a startup that incubates small […]
Food and crowdfunding: a winning combo, right? Actually, many food-related campaigns fail. On Kickstarter, for example, just 25% of crowdfunding campaigns for food-related projects are successful. Food ventures can get lost on big platforms like Kickstarter and Indiegogo, where tech gadgets, video games and art projects rule. And many food entrepreneurs are not prepared for […]
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A new accelerator is looking for entrepreneurs fighting climate change. Called Climate Ventures 2.0, it’s run by GoodCompany Ventures, a Philadelphia-based social enterprise accelerator, and will accept 10 startups aimed specifically at addressing climate-related threats to agriculture and the resilience of water systems. Private initiatives have become even more important in recent weeks. As balmy […]
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Women and minority entrepreneurs have long been at a disadvantage when it comes to raising seed and growth capital for their ventures. That’s one reason why there was so much excitement about the JOBS Act. By cutting out the gatekeepers and allowing entrepreneurs to appeal directly to their communities and the general public, investment crowdfunding […]
Impact investing is expanding, and that is creating new opportunities for social enterprises, including Benefit Corporations, women-led firms and community-based ventures. Those are some of the implications of a recent study conducted by the Forum for Sustainable and Responsible Investment (US SIF) Foundation. “There are encouraging signs for social entrepreneurs,” says Meg Voorhes, director of research for […]
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Janice Shade was trying to grow her natural products company when she met Louisa Schibli, a blogger who was intrigued by Shade’s attempts to create a community-supported enterprise. The two Vermonters hit it off and vowed to start a company together someday. When the state’s intrastate crowdfunding exemption, the Vermont Small Business Offering Exemption (VSBO), was […]
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