Crowd Invest Summit (CIS) has announced that Indiegogo and their equity crowdfunding vertical has joined it’s roster for CIS West 2017. CIS organizers have shared they will be providing 250 investor tickets to actively back early stage ventures listed on First Democracy VC, the equity crowdfunding portal managed by Indiegogo and MicroVentures.
Earlier this year, CIS announced that Marcus Lemonis, a Billionaire investor and CNBC star, has agreed to keynote was is billed as the largest event of its kind. Scheduled to take place at the Los Angeles Convention Center, CIS West expects to garner more than 3000 attendees.
Michael Hughes, Senior Director of Equity Crowdfunding at Indiegogo; commented on the upcoming event;
“We’re very excited to participate in Crowd Invest Summit to give our investors and companies a venue to meet each other, as well as our team, in real life,” said Hughes. “We’re very supportive of any activities that support the burgeoning equity crowdfunding industry here in the U.S.”.
Organizers explain that CIS was developed with the vision that every American, through the Jumpstart Our Business Startups Act (also known as the JOBS Act), can now have access to and invest in startups and real estate deals like never before through investment crowdfunding.
“We are very proud to welcome Indiegogo, a crowdfunding trailblazer for so many years and who has recently entered the equity crowdfunding space in a big way, to CIS West 2017. We share a vision of connecting companies with investors and we look forward to their participation at the conference” said Crowd Invest Summit Co-Founder Josef Holm.
Prior to the JOBS Act, the legislation that legalized crowdfunding in the US, mostly accredited investors – those with income of $200,000 per year individually, or $300,000 with a spouse – could invest in private companies. Now, for the first time in more than 80 years, anyone over 18 globally is able to invest.
One study, authored by the Kauffman Foundation, stated that angel investments have returned an average of 27% internal rate of return (IRR) in a diversified portfolio. Today, everyday Americans have started to invest in companies to support the entrepreneurs they believe in and with hopes of generating profits.
Crowd Invest Summit was founded by pioneers in the equity crowdfunding sector Josef Holm and Alon Goren and is schedule to take place on LA this September.