EquityNet announced new CEO and President, James Murphy. Founder, Judd Hollas, has decided with the Board of Directors to resign his leadership role.
Following Hollas resignation, the crowdfunding platform selected James Murphy to succeed as President and CEO. Murphy has been involved with the company for over three years. He holds a board seat and has previously held titles of VP of Business Development and VP of Strategic Affairs.
Hollas shared:
“I have worked with James on many significant and challenging initiatives over the years and believe he has the right combination of industry expertise, management skills, and passion for the company to lead EquityNet to a very bright future.”
Murphy noted:
“Mr. Hollas helped pioneer the crowdfunding industry that we are starting to see emerge with great veracity. When EquityNet started in 2005, crowdfunding was not yet even a word and people would tell Judd they thought it was crazy to seek capital through the Internet.”
Murphy also told Crowdfund Insider:
“We have built an excellent team in Fayetteville, AR and are continuing to grow in that area. There is a particularly strong technical talent pool to draw from in the region and the Arkansas Economic Development Commission led by Greg Wolf, Bryan Scoggins, and Brad Henry have been terrific partners. I will be between Fayetteville, NYC, and other cities as my role demands- especially as we continue to build our network with financial institutions.
“EquityNet empowers entrepreneurs from all industry sectors, helping them gain unprecedented access to capital, while providing investors with new and exciting investment opportunities that were previously unavailable. Our industry is seeing terrific growth and we plan to keep leading the charge.”
EquityNet is a recognized “pioneer of crowdfunding” and has operated one of the largest business crowdfunding platforms since 2005. The multi-patented platform includes over 100,000 individual entrepreneurs and investors, incubators, government support entities, and other members of the entrepreneurial community.
EquityNet provides access to thousands of investors and has helped entrepreneurs across North America raise over $300 million in equity, debt, and royalty-based capital.