PPM Logix® Launches Crowdfunding Beta Website
Since Obama's signing of the Crowdfund Act on April 5th, Crowdfunding has become a hot topic. One company in Dallas, Texas has launched a "Donation" model, which will become an "Investment" model upon delivery of rules by the SEC.
Online, April 12, 2012 (Newswire.com) - An Internet start up in Dallas, Texas has launched a new website in response to the recent JOBS Act, a.k.a. Crowdfund Act. PPM Logix (www.ppmlogix.com), a Texas Company, has developed an online community for Entrepreneurs who are hoping to raise private capital for their businesses. The site is a Social Network where business owners can build profiles for their business opportunities, allowing potential investors to take a quick snapshot of their business. If the investor is interested they can initiate the investment with the click of a mouse.
With the Crowdfund Act barely in post-ink status, many new Crowdfunding websites are poised for launch. However, Entrepreneurs need to take caution, the SEC has yet to announce the new rules surrounding this new law. Until the SEC hands down the rules, the old rules still apply, which means Crowdfunding, where securities investments are involved, is still a no-no. The SEC has until January 2013 to configure the rules, so look for many new beta websites to launch in anticipation of this new law.
"PPM Logix has a unique model, we differentiate ourselves by offering a one-stop-shop for our members. We don't just give Entrepreneurs a platform to raise money, we help them with their disclosure documents, provide a library of templates, help them with Government Filings and most importantly we provide Live Consulting Services to help them through the entire process" stated Mike Stapleton, President of PPM Logix.
Crowdfunding is sure to be an interesting sector to watch. Sites like KickStarter.com, Cordcube, Fundrazr, and Crowdfunder are leading the industry. Many believe this will be another mini-internet boom. One thing is for sure, Washington indeed opened up another valid method for businesses to get access to capital.
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Tags: Crowdfund, crowdfunding, disclosure, investment, JOBS Act, PPM, PPM Drafting, PPM Help, PPM Template, Private Capital, Private Placement, sample