This is for Natasha Taylor as she, like most professionals, have been inundated with so much misinformation about NFTs that it makes a sane rational person feel crazy. You’re not crazy. Your rational brain is just warning you not to drink the kool aid. Because regardless of the flavor (Non-Fungible Token) the kool aid is still laced with bullshit. 

Non-Fungible 

The easiest way to understand the term “non-fungible” is to remember that your friends are non-fungible. Meaning, you can’t replace your BFFE with someone else. Why? They’re unique and irreplaceable. Hence why if you treat your “friends” like they’re replaceable (fungible) you’ll find yourself all by yourself. A non-fungible token is like your best friend, you can’t just replace it with something else. Thats it. Got it? 

NFTs and Digital Scarcity 

Digital scarcity does not exist. There is no such thing as digital scarcity in art. Find any image on the internet, right click on it and save it to your desktop o...more

Kathleen Minogue leads Crowdfund Better, a social enterprise designed from its founding to help entrepreneurs access capital through crowdfunding. Much of her effort has focused on underserved communities, including women and BIPOC entrepreneurs.

“Our goal is to provide education to help empower people to understand that this opportunity exists to use crowdfunding as a capital-raising tool,” she explains. “While I believe it is magic and it is transformational for so many people, there’s a mystique around it, and you know, we want to pull the curtain back, and you can see the man or the woman moving the levers.”

Kathleen didn’t start in the business community. “I taught middle and high school, and so when I came to this space, I wanted to find a way to reach anyone, no matter what level they were at and help them to crowdfund better, which is how I named the company.”

She believes she can help anyone learn the skills to crowdfund successfully if they invest the time to learn. She appl...more

The following article was written as part of a keynote I gave for a Banking and Payments Conference in Africa, to introduce Bankers to the art of the possible in the banking and payments industry. 

“General Partners (GPs) crowdfund from Limited Partners (LPs).” - Samson Williams 

As a financial anthropologist, I find Humans in Venture Capital fascinating. The humans in Venture Capital (VC) are different from the culture of Venture Capital. Yes, humans do come together to build and create the culture of VC. But individually they are unique, and able to operate and make independent decisions without regard to so-called cultural norms. I bring this up because one of the odd relics of VC culture is that nearly universally, these otherwise independent and autonomous humans engaged in Venture Capital, fall victim to a cancerous myth of VC culture. What is that myth of VC lore? The strongly held misconception that crowdfunding is a resource only for businesses who can’t secur...more

Hello Beautiful People! 

A quick note to point out the obvious thing in RegCF...the Broker Dealers are joining The Crowd. Some bullet points for you to mull over: 

1. Last week $17.3M was committed to RegCF deals. This is probably up 100% from 2020 but you'll have to go to KingsCrowd.com to confirm. 
2. Note the #5 Funding Platform isn't actually a "Funding Portal" but a Broker Dealer. 
3. Who is Dalmore Group? And why should you care that BDs are swimming with The Crowd? 

While there are only 65 FINRA registered Funding Portals, there are over 3200 Broker Dealers in the USA. BDs have far more access to capital than even Sharks do. To put it in terms more easily understood, if VCs are Sharks, Broker Dealers are Orcas. DYK that Orcas are the only seafaring creature that actively hunts Great White sharks? 

SO! This is a big deal because BDs have access to institutional capital the likes of which VCs could never fathom accessing. What happens when institutional mone...more

DAOs + Crowdfunding = The Future of Finance

We're going to skip the part where DAOs are engaging in unregulated crowdfunding for the moment. And instead, focus on what happens when hundreds or THOUSANDs of people use technology to do a thing.

1. Distributed Autonomous Organizations (DAO)s are where humans form an organization (some would call it a business but lets not get stuck in details) for the purpose of doing a thing.

2. #ConstitutionDAO formed so that its members could buy an original copy of the Constitution.

3. Calling it a DAO vs an LLC/Corp just means that members have some sort of #blockchain based ID that identifies them as members of the DAO.

4. DAOs are actually businesses because the members there in have a financial interest (represented by smart contracts /staking / shares etc....) in the thing the DAO was organized to do.

5. So its great that Humans are forming digital LLCs using blockchain ID (aka DOAs) as a form of identify and then together as The Crowd, engaging ...more

In this episode of This Call Is Being Recorded #TCIBR  https://lnkd.in/eiMMrnhX we listen to a chat with Crowdfunding Professional Association President, Samson Williams and crowdfunding barrister Brian Sanya Mondoh on the state of investment crowdfunding in the USA and its potential in Trinidad and the Caribbean. 

Click here to listen in: https://lnkd.in/eiMMrnhX 

In this chat they discuss:

1. Barristers, what does that mean?
2. What happens when you lose $ in a protocol?
3. The state of investment crowdfunding in Trinidad
4. What are DAOs?

Looking forward to learning more about the state of crowdfunding in Trinidad and the Caribbean. In the meantime, don't forget to share and like this recording and join the CfPA.org for more info and insights into crowdfunding, globally.

Note - This is an email chain between Jenny Kassan and other CfPA members discussing the challenges of Testing The Water, that has been edited for brevity. While it is chucked full of useful information, it doesn't constitute legal, financial or compliance advise. As always consulting with a qualified lawyer or SME. This post is for educational purposes only.  - Samson 

Subject: problem with Reg CF Testing the Waters 

From: Jenny Kassan

 
Oct 25, 2021, 10:07 PM

Hello!  I don’t know if anyone has discussed this in our group but there is a big problem with Reg CF testing the waters under Rule 206.

If someone decides to publicly advertise the fact that they are considering doing a Reg CF offering under Rule 206 and then later decides not to do a Reg CF offering and that that they want to do a private offering of securities under Rule 506(b) or Rule 504 instead, they will pretty much be precluded from doing so theoretically forever!

This is because of the int...more