AUSTIN, TX — (Marketwired) — 11/17/14 — Today a new goes into effect that will give the state yet another financial tool to encourage more people with creative ideas to start new businesses in Texas. For the first time in 80 years, businesses will be able to via using .
“Already armed with a zero income tax, low overall tax burden, sensible regulations and low housing costs, Texas is now armed with an even more powerful financial tool, ,” said , . “This new small business financing tool will be the key to to Texas residents.”
Similar to the way that powerful and exclusive Silicon Valley venture capital firms built their wealth during the 1990s by betting on high-tech startups, every legal resident in Texas can now legally become a micro venture capitalist by investing up to $5,000 per deal in local Texas startups and existing businesses. As crowdfunded deals begin to go public, the wealth and economic development that will be created in Texas will be hard to match.
Texas offer investors a wide variety of industries to choose from including apps, aerospace, aviation, communications, information technology, bio-tech, life sciences, clean-tech, energy, oil & gas, high-tech, video games, film, entertainment, music and many other promising industries.
Already home to 1.7 million small businesses, gaining access to a market of 20+ million new potential investors combined with the SEC–s legalization of general solicitation will make Texas the best and easiest place in America to start a new business and raise venture capital.
And the seeds for a bumper crop of new Texas Crowdfunding Portals are already being planted. , , are already in the various stages of building their new crowdfunding portals and filing their applications with the Texas State Securities Board, but soon they will be harvesting their first round of Texas crowdfunded startups.
“SeedInvest has worked primarily with angel, venture capital and other accredited investors to match them up with startups in Texas such as Virtuix, based out of Houston,” said Marc Nathan, SeedInvest–s Managing Director of Texas. “But the Texas crowdfunding exemption will allow us to reach a much wider audience of unaccredited investors.”
“There are many great companies that connect technology startups with sophisticated investors, but we–re focused on working with businesses that want to build and grow with support from investors in their own backyard,” said Amy Forsyth, Texas Crowdfunding–s CEO. “To accomplish this goal we–re taking a different approach than most and plan to focus on featuring local small businesses and early-stage companies that are often overlooked, undervalued and under capitalized.”
“Our crowdfunding portal will be seeking high-tech crowdfunding equity issuers that are focused on Internet technologies, e-commerce, smartphone apps, digital properties and platforms, Software as a Service (SasS), etc.,” said Dusty Brogdon, Texas Equity Shares– CEO. “We are seeking to serve mid-tier crowdfunding equity issuers with a minimum project value of $200,000+ with a long-term goal of taking the business public within two years.”
“Texas is about to see a dramatic surge in demand for Texas crowdfunding portals, equity private placement issuers and investors. Front Page PR is ready to help these companies bring their products and services to the Texas marketplace,” Hoskins continued. “Armed with the right community outreach programs needed to educate entrepreneurs and investors on the new crowdfunding rules, the possibilities for small business formation and growth in Texas will be limitless.”
Front Page PR provides a , which will be instrumental in bringing these new crowdfunding portals to life and helping them launch successful crowdfunding campaigns for their fundraising campaign managers, including:
Crowdfunding portal selection
Crowdfunding deal structure
Crowdfunding disclosure documents
Crowdfunding profiles and pitch videos
Community outreach strategies
Advertising campaigns
Email marketing campaigns
PR/media relations campaigns
Investor education programs
Contact:
Robert Hoskins
Front Page PR
512-627-6622
@Crowdfunding_PR