Crowdfunding: What is it, how does it work and what makes for a successful Crowdfunding project?
4/17/13 7:30 am EST
Kent Country Club
1600 College Ave NE
Grand Rapids, MI
Crowdfunding describes the collective effort of individuals who network and pool their resources, to support efforts initiated by other people or organizations. Crowdfunding has recently received attention from policymakers in the United States with passage of the JOBS Act which allows companies to raise capital from a wider pool of small investors with fewer restrictions. Once the SEC issues the final rules, has the road to disintermediation of banks and investment banks been built? This program will be a panel discussion consisting of Jeff Lambert, Managing Partner of Lambert, Edwards & Associates and CEO of RelayFund Inc., Mike Morin, Portfolio Relations at Start Garden, and Jeff Van Winkle, Partner with Clark Hill. Jody Vanderwel, President of Grand Angels, will facilitate the discussion of the the concept of Crowdfunding and how to structure and execute a successful Crowdfunding project. The discussion will include examples of successful and unsuccessful projects and what led to their success or failure. Lastly, the panelists will discuss the long term implications of Crowdfunding and debate the long term future of banks and investment banks given the recently enacted JOBS Act and the establishment of Crowdfunding as a viable source of capital for companies large and small.