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	<title>Wales Capital</title>
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	<link>http://walescapital.com</link>
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		<title>Crowdfunding Champions of Change Ceremony</title>
		<link>http://walescapital.com/crowdfunding-thought-leaders-to-attend-champions-of-change-ceremony-hosted-by-the-white-house/</link>
		<comments>http://walescapital.com/crowdfunding-thought-leaders-to-attend-champions-of-change-ceremony-hosted-by-the-white-house/#comments</comments>
		<pubDate>Thu, 06 Jun 2013 17:25:39 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[alternative investments]]></category>
		<category><![CDATA[CFIRA]]></category>
		<category><![CDATA[CFPA]]></category>
		<category><![CDATA[crowdfund intermediary advocates]]></category>
		<category><![CDATA[crowdfund investing]]></category>
		<category><![CDATA[crowdfunding]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[Kim Wales]]></category>
		<category><![CDATA[minority owned business]]></category>
		<category><![CDATA[rockethub]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[somolend]]></category>
		<category><![CDATA[wales capital]]></category>
		<category><![CDATA[White House]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=733</guid>
		<description><![CDATA[Washington, DC (PRWEB) June 03, 2013 &#160; The White House hosted Kim Wales, Founder of Wales Capital and Board Member of the Crowdfund Intermediary Regulatory Advocates (CFIRA) along with other distinguished crowdfunding industry thought leaders for the Champion of Change Ceremony on June 4th recognizing entrepreneurs using crowdfunding to fuel growth. » Full news story]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Next Generation Funding: $50K &#8211; $5MM</title>
		<link>http://walescapital.com/next-generation-funding-50k-5mm/</link>
		<comments>http://walescapital.com/next-generation-funding-50k-5mm/#comments</comments>
		<pubDate>Wed, 29 May 2013 13:49:56 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[In the News]]></category>
		<category><![CDATA[alternative investments]]></category>
		<category><![CDATA[crowdfund investing]]></category>
		<category><![CDATA[crowdfunding]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[jobs act]]></category>
		<category><![CDATA[Kim Wales]]></category>
		<category><![CDATA[kpmg]]></category>
		<category><![CDATA[private placements]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=720</guid>
		<description><![CDATA[Oxford Valuation Partners, Crowd Valley and KPMG featured experts, Kim Wales, founder of Wales Capital, Douglas Ellenoff, senior attorney with the firm Ellenoff, Grossman &#38; Schole, Nicolas Hodge, Partner at K&#38;L Gates, Alejandro Cremades, founder of RockThePost, Vamsi Sistla, CTO of CrowdValley and an Angel Investor with the ARC Angel Fund and Daniel Miller, Co-Founder of Fundrise, who are at the cutting edge of this new field, Crowdfund investments. Together they discussed and debated the landscape of funding options and how quickly it changing. Driven by new SEC no-action letters and changes stemming from the JOBS Act that is permitting a broader scope of activity in the space outside of the traditional networks.  The current focus seems to be on platforms that link Accredited Investors and investment opportunities, while more retail options are being developed since the final rulemaking process for Title III remains underway. http://crowdfunding-university-baruch-newyork-57.eventbrite.com/]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEC’s White Said to Push for Lifting Ban on Hedge-Fund Ads</title>
		<link>http://walescapital.com/secs-white-said-to-push-for-lifting-ban-on-hedge-fund-ads/</link>
		<comments>http://walescapital.com/secs-white-said-to-push-for-lifting-ban-on-hedge-fund-ads/#comments</comments>
		<pubDate>Fri, 03 May 2013 16:59:48 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[general solicitation and advertising]]></category>
		<category><![CDATA[jobs act]]></category>
		<category><![CDATA[Kim Wales]]></category>
		<category><![CDATA[mary jo white]]></category>
		<category><![CDATA[private placement]]></category>
		<category><![CDATA[Rule 506(c)]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=712</guid>
		<description><![CDATA[White, who became SEC chairman on April 10, 2013, has suggested the commission pass the existing plan without major changes and add additional protections later, said the people, who declined to be identified because the deliberations are private. The approach would placate congressional Republicans who have complained the SEC has slow-walked the rule, which was required to be completed by July 2012. http://mobile.bloomberg.com/news/2013-04-26/sec-s-white-said-to-push-to-lift-ban-on-hedge-fund-advertising.html]]></description>
		<wfw:commentRss>http://walescapital.com/secs-white-said-to-push-for-lifting-ban-on-hedge-fund-ads/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Google Invests in Lending Club</title>
		<link>http://walescapital.com/google-invests-in-lending-club/</link>
		<comments>http://walescapital.com/google-invests-in-lending-club/#comments</comments>
		<pubDate>Fri, 03 May 2013 16:46:36 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[crowdfund investing]]></category>
		<category><![CDATA[jobs act]]></category>
		<category><![CDATA[Kim Wales]]></category>
		<category><![CDATA[private placements]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=702</guid>
		<description><![CDATA[Google led a $125 million deal to buy a stake in the Lending Club from existing investors valuing Lending Club at $1.55 billion &#8211; nearly triple the valuation of the last fund-raising round that closed last summer. This is a defining moment for the crowdfund investing industry; if you are not aware, it is this new alternative asset class that is positioned to democratize the capital markets under the Jumpstart Our Business Startup Act. Click here to read the full WSJ article:  http://blogs.wsj.com/digits/2013/05/02/google-makes-strategic-investment-in-lending-club/]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Soho Loft and FundingPost NYC Angel and Crowdfund Investing Conference</title>
		<link>http://walescapital.com/the-soho-loft-and-fundingpost-nyc-angel-and-crowdfund-investing-conference/</link>
		<comments>http://walescapital.com/the-soho-loft-and-fundingpost-nyc-angel-and-crowdfund-investing-conference/#comments</comments>
		<pubDate>Wed, 17 Apr 2013 12:03:14 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CrowdFunding]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=692</guid>
		<description><![CDATA[April 18, 2013 &#8211; Crowdfund investment pioneers speak at the NYC Angel and Crowdfund Investing Conference.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>OSC Staff Consultation Paper 45-‐710 Consideration</title>
		<link>http://walescapital.com/osc-staff-consultation-paper-45-%e2%80%90710-consideration/</link>
		<comments>http://walescapital.com/osc-staff-consultation-paper-45-%e2%80%90710-consideration/#comments</comments>
		<pubDate>Sat, 30 Mar 2013 19:12:53 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CrowdFunding]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=653</guid>
		<description><![CDATA[On December 14, 2012, the Ontario Securities Commission (OSC) published the OSC Staff Consultation Paper 45-710 Considerations for New Capital Raising Prospectus Exemptions. The Consultation Paper sets out four concept ideas for new prospectus exemptions in Ontario, together with a number of specific consultation questions. The concept ideas are: a concept for an exemption to allow crowdfunding subject to limits for issuers and retail investors, a concept for an offering memorandum exemption, a concept for an exemption based on an investor’s investment knowledge, and a concept for an exemption based on an investor receiving advice from a registrant. Wales Capital participated in a forum along with other industry thought leaders such as Crowdfund Capital Advisors, SomoLend, Arctic Island, GATE Technologies, Nehemiah Investments, and Ellenoff Grossman &#038; Schole, LLP. Subsequently, Wales Capital provided comment letters to the OSC for consideration as related to a). Investment Size; b). Oversubscription; c). Two Business Day &#8220;cooling period&#8221;; d). Revenue Models; e). Rescission Period (Withdrawal Rights). Read Comment Letters Here]]></description>
		<wfw:commentRss>http://walescapital.com/osc-staff-consultation-paper-45-%e2%80%90710-consideration/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Top 10 Most Influential in Equity Crowdfunding</title>
		<link>http://walescapital.com/top-10-most-influential-in-equity-crowdfunding/</link>
		<comments>http://walescapital.com/top-10-most-influential-in-equity-crowdfunding/#comments</comments>
		<pubDate>Sat, 30 Mar 2013 18:44:40 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[CrowdFunding]]></category>
		<category><![CDATA[In the News]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=647</guid>
		<description><![CDATA[Omaha, NE -- (SBWIRE) -- 03/29/2013 -- As Equity Crowdfunding is sitting at a standstill it will take an army of people to keep the momentum moving forward to get the laws passed and everyone on the same page. Equity Crowdfunding is coming up almost a year since the signing of the JOBS Act by president Obama with little progress. This little progress is a shame, but there are a handful of people that are making equity crowdfunding a reality. Over this past year many people and organizations in the U.S. have stepped up in the equity crowdfunding movement and VenReport would like to thank them. VenReport is pleased to announce our first annual Top 10 Most Influential in the Equity Crowdfunding Industry.]]></description>
		<wfw:commentRss>http://walescapital.com/top-10-most-influential-in-equity-crowdfunding/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Study Shows Crowdfunding $$ Can Grow on Trees</title>
		<link>http://walescapital.com/study-shows-crowdfunding-can-grow-on-trees/</link>
		<comments>http://walescapital.com/study-shows-crowdfunding-can-grow-on-trees/#comments</comments>
		<pubDate>Tue, 12 Mar 2013 01:51:18 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Guest Author]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=625</guid>
		<description><![CDATA[By: AnnMarie McIlwain EquityNet.com, a crowdfunding platform that enables entrepreneurs to raise money from accredited investors, just released findings from a six-year study of their transactions (1,000 completed deals) and the findings are very interesting. If you have considered raising money and wonder if your company is fundable and under what terms, read on. *Consumer and business product/service companies are popular, accounting for over 40% of equity crowdfunding activity. These are industries previously underserved by traditional venture capital. *More than half of the completed deals are businesses in the middle of the U.S., not the coasts. Net, you don’t have to be in the Alley (NY) or the Valley (CA) to get funded. *The fundraising amounts aren’t that big. Around 50% of businesses that use equity crowdfunding seek less than $500,000 in investment capital. *Valuations are low and vary widely in equity crowdfunding with approximately 40% of pre-money valuations under $1,000,000. *Investors own 20-30% of the company in the majority of deals. The lowest raises (less than $100,000) led to the highest investor ownership, as one would expect, with a median of 33%. For investment amounts between $100,000 and $500,000, the median investor ownership was 20%. *The deals were closed pretty fast. Two months was the median length of a fundraising round according to Judd Hollas, CEO of EquityNet. *Most businesses (70%) do not have revenue, but 75% of those zero revenue businesses expect to generate revenue in their current fiscal year. This suggests that the majority of the businesses are early stage companies and at the revenue-inflection point. *Few (15%) businesses are currently profitable, and 90% of the remainder predict that they will be profitable in three years or less. *Only 1 in 10 businesses have patents or patent applications for proprietary technology indicating that businesses do not have to have intellectual property to be considered fundable. *More than half of the businesses seeking funds are legally structured as LLCsreflecting the growing use of this cost-effective corporate structure. This means that investors are funding early-stage companies of many kinds and they are not taking a ridiculous bite out of the founder’s equity. That is good news for those businesses seeking capital while the regulations are being written for the JOBS Act legislation, signed into law last year. Once done, entrepreneurs will be able to ask unaccredited investors (friends, neighbors, relatives) to help fund their business too, further increasing the likelihood of fundraising success. The maximum raise will be $1 million. For raises higher than $1 million, entrepreneurs will have to continue to do a private placement (otherwise known as a Reg D offering) through platforms like EquityNet or others. Additional platforms will be launching in anticipation of the JOBS Act regulations.  Once complete, these platforms will, for the first time, be able to advertise investment opportunities to accredited investors, thus expanding the market of investors and fundraising potential. For a primer on securities-based crowdfunding, this video features Tom Szaky, a 30-year-old successful entrepreneur with a high growth, $15 million business. He describes how this new avenue for fundraising could have helped him when he started out 10 years ago and how crowdfunding for equity may democratize the investment upside of early-stage companies. Read the full story: http://careerfuel.net/?p=7899]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>CfPA Launches Global Education Network</title>
		<link>http://walescapital.com/higher-ed-crowdfunding-group-launches-global-education-network/</link>
		<comments>http://walescapital.com/higher-ed-crowdfunding-group-launches-global-education-network/#comments</comments>
		<pubDate>Tue, 12 Mar 2013 01:42:41 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[CrowdFunding]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=617</guid>
		<description><![CDATA[By: Rob Stott Still in its infancy, the Crowdfunding Professional Association relied on the expertise of its founders and the skills of its staff to get an online education network successfully off the ground. The goal: to meet the needs of a rapidly emerging industry. In an industry that seems to be growing and changing by the hour—thanks, in part, to the 2012 JOBS (Jumpstart Our Business Startups) Act—a new associations is moving quickly to help crowdfunding professionals, industry partners, investors, and the general public make sense of it all. The Crowdfunding Professional Association announced that it is rolling out a Global Crowdfunding Education Network that will provide online resources including breaking news alerts, legislative updates, and crowdfunding classes to professionals in the industry and others interested in learning more about it. The network is “built to help prepare and educate investors and entrepreneurs for the implementation of Title II and Title III crowdfunding,” the group said in a statement, referring to two sections of the JOBS Act that provide for funding mechanisms for startup businesses. “The CfPA was founded under the principles of education, advocacy, and awareness at the global industry level for crowdfunding,” said Kim Wales, chair of the CfPA and founder of Wales Capital. “Our real mission is to make sure the entrepreneurs have a place that they can tap into mentorship, build relationships, and build partnerships.” To launch the website after being formed just last year, CfPA relied on the expertise of its founders, many of whom played a role in creating the framework for the JOBS Act, Wales said. “We’ve taken their approach to create standards, best practices, and guidelines. That’s really what is going to make up the foundation in terms of being able to scale something long term,” she said. CfPA is getting help from outside sources as well. “We’re involving the third-party providers, the vendors, the professional service providers, people that are going to be really instrumental in making this process run smoothly, diligently, and transparently,” said Scott McIntyre, cochair of the founding executive committee for education and training, and managing director of Phabriq. “We have to make sure that we’re covering angles that everybody gets.” Ensuring that the education network was properly designed and marketed meant putting key players throughout the organization in roles that worked to their strengths. “It has to be organic,” said Wales. “You can’t really force the pieces. The organization is not created on a single person, and it is not created under the view of an individual company. It is a collective view, and that’s for the industry.” Using the staff’s existing networks and properly promoting the program have been important tactics as well, something McIntyre said other groups can learn from. “Find the workforce, the people that are going to spread the word voraciously,” he said. “You can have the best idea, the best pitch, or the best website, but if you don’t have a network of people that are following you, that are connected to you, then you are a tree in the forest and no one’s going to hear you fall. Networking is absolutely paramount to any business and is a very valuable asset, one that we cannot undersell.” Association Now Website: associationsnow.com/2013/02/higher-ed-crowdfunding&#8230;network]]></description>
		<wfw:commentRss>http://walescapital.com/higher-ed-crowdfunding-group-launches-global-education-network/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The State of Equity Based Crowdfunding</title>
		<link>http://walescapital.com/the-state-of-equity-based-crowdfunding/</link>
		<comments>http://walescapital.com/the-state-of-equity-based-crowdfunding/#comments</comments>
		<pubDate>Wed, 20 Feb 2013 19:39:03 +0000</pubDate>
		<dc:creator>kimwales</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Video & Audio]]></category>

		<guid isPermaLink="false">http://walescapital.com/?p=598</guid>
		<description><![CDATA[At this February 19 briefing, the nation’s principal leaders and experts on equity and debt‐based financing will provide an in‐depth review of the extensive build out and preparation that has taken place to help entrepreneurs’ access capital through online platforms, while protecting the investors who will finance these enterprises. The group will touch upon the global advancement of equity‐based crowdfunding, the significant challenges entrepreneurs still face in accessing capital and why it is vitally important that the SEC finalize JOBS Act rulemakings. Moderator and Host: Karen Kerrigan, President &#38; CEO, SBE Council; Panel of Experts: Sherwood Neiss &#38; Jason Best, architects of the crowdfund investing framework that became law through the JOBS Act and Principals of Crowdfund Capital Advisors; Candace Klein, Founder, Bad Girl Ventures and SoMoLend; Ryan Feit, Co‐Founder, SeedInvest; Vince Molinari, President, GATE Technologies; Sara Hanks, CEO, CrowdCheck; Chris Tyrell, Nehemiah Investments; Kim Wales, Founder of Wales Capital and Chair of the Crowdfunding Professional Association; Judy Robinett, Entrepreneur, Advisor to Early Stage Companies; Doug Ellenoff, Ellenoff, Grossman &#38; Schole, LLP; Chance Barnett, Founder, Crowdfunder Watch the Press Conference:  StateofEquityBasedCrowdfunding.mp4]]></description>
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