Billed as the first statewide community capital conference, the ComCap:Oregon event promotes a new way for Oregon-based businesses to raise up to $250,000 from non-accredited investors. This type of raise has been coined with the term Community Public Offering (CPO).
(click the above image for a $50 discount on your ticket!)
If you aren’t familiar with the Oregon Intrastate Offering Exception that was enacted on January 15, 2015, it offers the chance to raise capital from ALL Oregon residents, regardless of wealth. Here are some of the rules associated with the policy:
- Enable securities crowdfunding (unlike Kickstarter’s donation-based crowdfunding).
- Allow all types of securities and terms, from debt to equity.
- Allow limited public advertising.
- Offering materials are not registered, vetted, or reviewed.
- Offering documents include information from your business plan, reason for raise, team, risks/benefits, terms, etc.
Companies using this type of fundraising:
- Must be incorporated in Oregon and based within Oregon.
- Can raise up to $250,000.
- Define the terms of the offering.
- Must meet in person with local Business Technical Service Provider to review Biz Plan.
- Allowed 12-months to raise the funds; can extend another 12.
- Must be Oregon residents.
- Can invest up to $2,500 per deal, per person.
Doing a Community Public Offering involves filing comprehensive disclosure documents, your advertising copy and plans, minimum and maximum amounts that you seek to raise, and a few other sensible things, including a $200 filing fee.
Our friends over at Hatch in Portland have being doing a great job promoting this exciting new source of funding for startups, and we’re proud to be exhibiting our own StartupCommunity.org venture at the event. See you there!
When: May 4-5, 2015
Where: Portland, OR
Learn more: http://hatchoregon.com/comcaporegon
$50 Discount: https://www.eventbrite.com/e/comcap-oregon-conference-tickets-15733127207?discount=hatchoregon
He loves to write code, is passionate about design, and runs StartupCommunity.org as a side hobby. He sold his previous company that he started in Bend, 'The Social Business' to Innovation Garden in New York.
You can reach James by email at [email protected].
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