With all the focus on crowdfunding sites these days and the many entrants in to the equity crowdfunding business, its not easy to impress us. Some of the biggest names in Technology are going “all in” on Equity Crowdfunding Platforms. When we received an email from Jason at PeoplesVC.com, his passion for the equity crowdfunding revolution really shined through. We were compelled to review PeoplesVC and add parts of his email describing their Vision and what they see as their competitive advantage in this highly competitive marketplace.
Although the site does not have the “sleekest” appearance it is without a doubt highly functional. It is easy to navigate and rather appealing once you get by its older styling. With Equity Crowdfunding on hold, awaiting the SEC’s final governing rules, the site is still in a start-up and data collection phase.
Below is the info we received from PeoplesVC – We believe you will find it as compelling as we did:
“PeoplesVC.com was founded to enable individual investors to participate in the growth and success of small companies, while helping entrepreneurs succeed through grassroots funding, with special support for companies and investors after the initial public offering of stock. Harnessing the power of the Internet, Social Networking, and recently passed U.S. laws, PeoplesVC.com is a catalyst for change, jobs growth, and innovation.
Our vision is to hold a top position in equity-based crowdfunding portals by building out our fully-automated system and website and offering innovative services ahead of our competition.
We are focusing on scalability and expanding our services. We are proud to be the first portal to offer many services (company listing process, investor signup process, etc.) We recently published our CrowdVestor Education Course, which offers slides and a test for investors describing to them in detail the crowdfunding law, the big risks involved, and information about the stocks that they will be buying.
I am very excited about the number of businesses that have signed up with us, and am greatly looking forward to the “Go” from the SEC so that we can open up our Gallery to the public.
I would say that some of the biggest differentiators that we hold are: Our ability to change and adapt quickly to the needs of the market, our ability to stay ahead of competitors with the services that we offer, and our potential scalability. Another differentiator that I believe will set us apart is our interaction with social media sites. We hope to use social media websites to give businesses more transparency. With such a new market, we are hoping that incorporating with social media sites will give investors more confidence (fraud, interest, etc).
This is more just for your interest, but Peoples VC recently spotted a logic error in the new legislation (JOBS Act) regarding the amount of money one may invest. We found this when we built our investment calculator that lets a user know how much he or she may invest based on his or her income and net worth. You can read about our chat with the SEC regarding the law in our “Our Blog” page on our site.
Our traffic on our site is not exceptionally high. However, I can say that our user engagement is outstanding. We have many companies and investors signing up daily and look forward to the SEC opening its doors.”
Keep an eye on PeopleVC, they will clearly be leaders in the equity crowdfunding market. Their view of social media in the equity crowdfunding marketplace will greatly help participants in successfully funding their projects.
Early copy of Labor Day 2013 release regarding PeopleVC.com and PeopleVC.tv
Company Passionate about Creating American Jobs offers new hope on Labor Day
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PeoplesVC to launch first Crowdfunding TV channel: PeoplesVC-TV
Peterborough, NH – Labor Day – PeoplesVC announced today that it will soon be launching PeoplesVC-TV, an integrated multi-media platform it expects will revolutionize capital formation for startups and existing small businesses and hopes will help create meaningful American Jobs.
The nascent crowdfunding industry has been growing rapidly and evolving quickly, and New Hampshire-based PeoplesVC, Inc. has developed a new business model it believes will become the next generation of Crowd Funding. The company plans to create live, theme-based TV shows, each with its own integrated web platform.
“Our primary mission here at PeoplesVC is to create jobs in America. We are passionate about it,” commented Akhil Garland, CEO of PeoplesVC, Inc., “and we feel our revolutionary business model will do just that. We want to create jobs that will help jumpstart small business in American communities from coast to coast” Garland added.
The unique PeoplesVC business model blends hyper-local crowdfunding with world-wide access and interactivity, to address fraud issues the company expects will become common and problematic in other crowdfunding business models.
PeoplesVC is currently developing a variety of shows to air on its network and expects to launch its TV channel in the near future.
A sneak preview can be seen at www.PeoplesVC.tv
About PeoplesVC.com
Peoples Venture Capital (Peoples VC) was founded to create American jobs. It expects to create jobs by enabling individual investors to participate in Venture Capital and Private Equity investments and the growth and success of small companies, while helping entrepreneurs succeed through grassroots funding. Harnessing the power of the Internet, Social Networking, and recently passed U.S. laws, PeoplesVC.com is a catalyst for rapid change, jobs growth, and innovation. The company can be found online at http://www.PeoplesVC.com.
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Peoples VC does not have a sleek appearance, and that could hamper the site. Cutting costs on the website design, the first thing that people see, I believe is not always wise. Some people will leave a site that does not look professional. However, the site is easy to navigate, which is extremely important if the site wants to be user-friendly. Also, the large box on the front of the site is a good attention getter. The vision of the site is to hold a top position in equity-based crowdfunding. That dream can be a reality if they make some tweaks to the site and continue on their path.