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Optimize Capital Markets has created a portal to automate capitalization deals of $2 million to $20 million. But along the way, it has found investors are not willing to part with their money in a completely automated way.
December 31 -
Engine, an industry group for startup businesses, sent an open letter to the Securities and Exchange Commission earlier this week requesting action on the crowdfunding provision within 2012's JOBS Act passed by Congress.
December 18 -
Crowdfunding has become all the rage, and it's making some banks nervous about losing small business clients. But investUP, a "supermarket of crowdfunding platforms" that launched during Finovate Europe in London this week, thinks banks can benefit from the trend.
February 12
Anthony DeChellis, the former head of Credit Suisse's Private Banking Americas division, has been named president of Jerusalem-based crowdfunding startup OurCrowd.
OurCrowd says it runs the world's largest equity crowdfunding platform; it has raised more than $100 million in crowdfunding for 57 companies throughout various countries.
DeChellis spent seven and a half years as CEO of Credit Suisse's Americas-centric private banking division, after about three years as managing director of private wealth management for UBS. He began his career as a financial executive with Merrill Lynch, where he spent more than 15 years as managing director of private banking in Europe.
"Broadening the VC investor community should serve to not only democratize wealth creation opportunities, but also enhance the probability of success for those companies who engage and fund through 'the crowd,'" DeChellis said in a press release.