At the Crowdfunding Professional Association (CfPA), we are proud to represent the voice of the regulated investment crowdfunding industry—a sector that has become a powerful engine for innovation, entrepreneurship, and inclusive economic growth across the United States.

In response to the House Financial Services Committee’s recent request for feedback on capital formation, we submitted a comprehensive letter outlining key reforms urgently needed to modernize Regulation Crowdfunding (Reg CF) and related exemptions. These reforms are critical to ensure that crowdfunding continues to thrive as a competitive, accessible, and transformative force in U.S. capital markets.

Since Reg CF was introduced through the JOBS Act of 2012, it has grown from a bold experiment into a proven success:

• Over 8,500 securities offerings

• $2.2 billion raised from more than 2 million Americans

• $7.5 billion in economic impact

• Nearly 400,000 jobs created

• $80 billion in estim

Day 1 (10/22: Tues.) : Advocacy Visits & Pre-event Reception

Day 2 (10/23: Wed.) : Conference and Summit  

Venue: Top of the Town (Top Floor 1400 14th Street North, Arlington, VA) 

“One of the most magnificent views in Washington”

Infrastructure development in the United States, particularly in climate tech sectors like wind farms, solar plants, waste-to-energy facilities, or other First of a Kind (FOAK) projects, frequently faces substantial local opposition. This resistance, commonly referred to as "Not In My Backyard" (NIMBY), is driven by concerns over environmental impact, property values, and disruptions to daily life. The resulting delays not only stall project timelines but also threaten the U.S.'s ability to meet crucial climate goals. Slowing the growth of renewable energy projects undermines efforts to reduce carbon emissions and transition to a sustainable energy system.

However, countries like Germany and Denmark have demonstrated an effective solution: community ownership. By allowing local residents to invest directly in infrastructure projects, these nations have transformed NIMBY-driven opposition into widespread support. In the U.S., regulated investment crowdfunding (Reg CF and Reg A) presents...more

As a venue for industry networking, the Crowdfunding Professional Association (CfPA) occasionally highlights the participation or biography of our association members. CfPA membership is designed to be inclusive and open to individuals and organizations sharing a professional interest in the field of Regulated Investment Crowdfunding.

Interview With Paul Lovejoy

CfPA: Can you tell us a little about your background and your interest in the field of regulated investment crowdfunding? 

Paul: I was a defrauded investor in 2008 and became deeply concerned about concentrations of wealth and too-big-to-fail banks. Seeking answers, I volunteered for the Obama campaign in Florida and became enmeshed in politics to try and understand how we got too big to fail banks and a financial crisis. However, by 2016 blame, gridlock and lobbyists eventually drove me out of engaging in politics any further.

While many investors typically feel that debt deals are “lower-risk” than equity deals in investment crowdfunding, I’ve always wondered if that’s really the case. As investors, we have plenty of options for where to put our money — like zero-risk savings accounts at banks currently offering 4.6% or even 5% interest! So, I decided to dig into the data on debt and revenue-share offerings to see if the interest rates are actually compensating investors for the risks they’re taking.

TLDR: to adequately compensate Reg CF investors for risk and opportunity costs, we estimate that the current average debt interest rate should be roughly 11.1% on pre-revenue deals and 10.2% on post-revenue deals. For revenue share notes, the break-even payback mu

San Francisco, CA (June 12, 2024) Radivision® and KingsCrowd today announced a strategic partnership to give retail investors the tools they need to participate in the growing private markets while delivering a new funding source to startups. This collaboration unites Radivision’s strengths as a streaming and social platform that connects retail investors to startup content and opportunities with KingsCrowd’s unparalleled expertise in private market data and analytics.

The partners’ shared mission is to demystify private market investing and give more people the confidence to participate in startup wealth creation, which has outperformed the public markets by 70% or more for most of the past 25 years. This is an especially vital need today. Shifts in the public markets since 1998 have disenfranchised Main Street investors while funneling outsized gains to the largest players, contributing to the widening wealth divide in the U.S. Radivision will soon offer its members the ability ...more