Most people spend Labor Day on the beach. But the hottest place this holiday will be in Oakland, CA where a Revolutionary Crowdfunding Platform will be launched.
As culture goes, people all over the world suffered the greatest economic hit since the Depression when in 2008 the stock market collapsed. We’ve never really recovered.
So when I received the press release for the upcoming CoCap – The Community Capital Symposium on September 2nd from 12-5pm PST, I was immediately intrigued. The symposium will be attended by some of the most innovative entrepreneurs, investors, and civic leaders from throughout the US and will focus not only on advancing a new way of financing, that shifts investing from Wall Street back to Main Street, it will also be the launch of a first ever crowdfunding platform that allows investors to own shares in a company instead of just donating.
“A hundred years ago, individuals invested in their own community. It was really common for you as a businessperson to own an interest in 5-10 businesses in your town,” says John Katovich, President of Cutting Edge Capital. “It was a strengthening of common bonds – a vote of confidence in each other. But slowly we lost that. We’re bringing it back.”
In short, the pioneers of the Community Capital movement are bringing together both non-accredited investors, who demand the right to invest, and entrepreneurs, who are seeking new ways of raising funds.