Monday, December 25, 2017

"Biotech, Meet Crowdfunding"



"The JOBS Act—or Jumpstart Our Business Startups—opened the door for U.S. companies to take advantage of equity-based crowdfunding. In the fall of 2013, the Securities and Exchange Commission (SEC) rolled out proposed regulations on how these opportunities could take shape through online portals similar to WiSeed. The public comment period on these regulations ended earlier this month. If finalized, the regulations would, for the first time, allow private companies to reach out to the crowd for investments and tap into a potentially massive pool of wealth just waiting for the right pitch to come along—a possibility that’s particularly appealing to small, cash-strapped biotech startups.

“There’s a lot of talking in all biotech circles about crowdfunding,” said Lorenzo Pellegrini, a venture capitalist with Care Capital in Princeton, New Jersey. The biotech industry could benefit substantially from expanded crowdfunding opportunities. For one, early-stage firms often struggle to attract investors...

 “For us, crowdfunding this has a lot to do with raising our profile around the world,” said Elaine Warburton, the CEO and cofounder of QuantuMDx.
“For life sciences, I really like the idea of donation-based crowdfunding, because it allows people who might be doing charitable giving to put money into something they may feel will realize some true value more quickly or in a more focused fashion for something that’s pertinent to their life,” said Nelsen. And even small amounts of money raised from donations can help a startup appeal to serious investors."



This was from a few years ago, I'd be interested in an update on the ~state of crowdfunding~ in 

No comments:

Post a Comment