The actual experience of the overseas public-funded websites why can we get legal recognition

Intermediary transaction SEO diagnosis Taobao guest Cloud host technology Hall

Talk about a number of foreign-funded platform of some rules, and why foreign public financing can obtain legal recognition, development better.

Core point of view:

1, equity category will develop, because it is directly to the small micro-enterprises financing needs, with the domestic regulatory environment, the public-funded platform will have the opportunity to become a small exchange, similar to the domestic new Sanbanxi.

2, foreign Kickstarter main novelty hardware merchandise pre-sale, such a public chip will become a small circle of people's hobby. Angelist is a financing platform of equity class.

3, the United States Jobs Act to promote the development of the platform, the introduction of the bill is due to live small micro-enterprises, to expand the micro-enterprise financing channels. At present, China is also facing such a situation, the trend of financial reform has arrived. Next, the regulatory environment will embrace the innovation of internet finance and promote its development.

The United States has Kickstarter and Indiegogo, such as well-known public-funded sites, including Kickstarter on the Project screening and service rules more stringent, coupled with its main hardware class, the project success rate is higher. In 2012, Kickstarter's total financing project was 320 million dollars and the investment reached 2.2 million. On this platform, 44% of the projects have been successfully raised. Indiegogo, however, faces the world and accepts more creative projects.

Today, the Chinese Kickstarter. To make Kickstarter a night of fame is a pepple-watch project with a fund-raising amount of $ more than 10 million. Kickstarter is a cultural, artistic and technological innovation, which is also its core competitiveness. On its platform, these industry's pre-sale project successful financing probability is high.

For the public platform, the selection of the project is particularly important to ensure that the project's authenticity, enforceability, the project team's operational capabilities, as well as the character of the project leader. In fact, this is not the same as investing in people looking at the project.

On the overseas platform, the platform will review the project valuation, information disclosure, financing amount and so on, only through the approved projects can start financing.

And, Kickstarter stipulates that the project party needs to raise the predetermined funds within a certain period of time, if not, then a penny will not get. This approach, but also to do the function of automatic screening, the masses of the eyes are discerning, those who do not rely on the project on the waves of sand. This process will also test the operational capabilities of the project side.

How to ensure that investors ' funds will not be abused by the project side, the platform is also being explored. At present, the public-funded platforms often take the supervision of the people, installment, and some of the platform is completed after the project, the funds transferred to the project sponsors. Such an approach would not solve the project's thirst for money.

Kickstarter has not regulated the fundraising, but has positioned itself as a platform to string up project sponsors and supporters. During the project funding period, Kickstarter can handle any project that feels reasonable. But for those projects that have been successfully raised, Kickstarter will allocate all the fundraising to the sponsor's account, which will not be able to monitor the money. Kickstarter the purpose of this approach is to act as a platform without taking risks.

Some of the stock-raising sites, to regulate funds. Stock-raising website Angelist has 100,000 enterprises listed, which contributed to 1000 Dodo start-up enterprises to successfully finance. On its platform, SME financing amount is 50,000 dollars ~100 million dollars. In September of this year, the 150 million dollar valuation completed a 24 million dollar financing.

In Silicon Valley, many of the CEO of High-tech Enterprises are also angels, often a project, by 4-5 of people, or by a person to lead, others to vote. This made a lot of CEOs, in the United States there is a PayPal gang said. When he went to the United States for an interview, the investor who had been at the door of Stanford University turned a little, and the atmosphere was really good. The previous approach shared the risk of the project, the latter being able to define responsibility and allow the person to devote more energy to the project.

In China, angel investors Invest in a project, often separate investment, the general project investment quota is 50,000-500,000, good entrepreneurial projects generally can only get about 1 million Yuan Angel investment. Investment risk is also borne by one investor. These investors are generally professional investors, and on the platform, the vast majority of people do not have expertise, and the risk of the project to accurately estimate the size. The method of angelist is to adopt the system of receiving the people, after the fund-raising, the participants and the project side of the joint supervision of funds, do a good project.

The development of Kickstarter and Angelist has created two different ways of development, Kickstarter built the platform for ordinary people to realize their dreams. Angelist created a professional investment and financing platform.

The development of foreign-funded websites has also benefited from the U.S. Jobs Act signed by Obama in April this year. The bill is a series of reforms to boost the financing of small businesses and start-ups, allowing startups to raise less than 1 million dollars a year on the Web platform.

The bill also puts forward corresponding requirements for investors involved in such investments, intermediary agencies providing financing services, and financing enterprises. Because of the high risk of start-up companies, for investors, the annual income of less than 100,000 dollars, the amount of investment can not exceed 2000 U.S. dollars, or 5% of the annual income. More than that, 10% of the income could be invested, with an upper limit of $10. The investor's ability to resist risk is weaker than that of a professional risk agency.

For the financing intermediary (fund raising portal), the Act makes a clear stipulation on intermediary's qualification and restrictive behavior, in order to prevent improper trade from damaging the interests of the public and investors, and to standardize the financing. Also, these intermediaries are subject to SEC supervision and need to be registered with the SEC and exempt from registration as broker dealers under certain conditions.

The American Job Act is set up in the context of small companies that have little private financing channels regulation is very stringent, and small businesses go public to finance the cost is very high, and in the two market, small companies in the stock trading is not active, in many cases, through this way of financing, access to the amount of financing is relatively small.

The main venture capital in Silicon Valley is more prevalent, the public small fund is also widely used, with a common goal to a large number of individual investors, raise funds, each investor's investment quota is lower. At first, it was widely used for charitable purposes, public fund-raising, and so on, which was used mainly for private equity financing.

Network financing simplifies the financing process of small enterprises, lowers the threshold of investment institutions and trades, reduces the transaction costs and financing costs of issuing companies, and strengthens the supervision of intermediaries involved in transactions. and to the intermediary channel decentralized part of the regulatory responsibility, the intermediary channel to improve the transparency of investors. In foreign countries, the relevant provisions of the public-funded projects are complete. This allows the public to have a better environment for development.