We had to change our upcoming event but for good reasons.
Good News...and Bad News
The bad news is: our event that was scheduled for this Friday (How to Get Investors for Your Startup) has been cancelled.
The good news is, it's for a GREAT reason!
I was asked to visit Michigan this week to work on finalizing the first investment from several large venture funds. These funds will be available to the Louisville area in the very near future through Metro Startup Launcher, and they're now up and running. They will include multiple $500,000 early startup funds and two $100 million later stage funds.
As we've tried to learn how to utilize the various methods of crowdfunding that are available, we've been on a steep learning curve. So far, the Regulation D 506(c) capital raise, an accredited investor only capital raise that allows public advertising, appears to be the easiest to implement with the biggest bang for the buck.
In fact, the capital raise for my company Blue222 has been Metro Startup Launcher's testing grounds for the 506(c), and the public advertising we've been using for our capital raise resulted in the connection with the Michigan company.
We have a LONG way to go to build a huge audience of small angel investors for Metro Startup Launcher. However, in the long run, this will help to supplement our current active angel investors and make it easier for Louisville area startups to raise capital. In the meantime, we'll have access to multiple investment funds through Blue222's investor connections.
If you want to invest in Blue222 before the Michigan investments are finalized, let us know as soon as possible!
More good news! Another local company has engaged a Regulation CF Capital Raise. The Reg. CF raise allows ANY investor (accredited or non-accredited) to invest.
Magnus seems to have made great strides since we first talked to them, and they've put together a nice presentation to explain their company. They're very early stage, but they seem to be making progress with a great idea.