“Most Seed Stage Start-up raises are under $500k.
Not the ones that will be the "next Facebook"
All the rest from major cities to regional towns.
We need to empower these brave supporters and innovators in their early days. They move forward tranche by tranche as goals are achieved until ready for a Series A. However ... the centralised regulatory and cost structure does not empower this area of funding. Including proposed Online CSEF regs. In the U.S. nearly 60 billion of funding is in this class roughly equal to 58 billion by VC, Angel and Bank finance to the same space. Lets firstly legitimise it, lower the cost and then empower it. Lets have: 1) Investment legitimisation at the "small end" that is seen as primarily funding not as an asset class play. 2) An open, shared, fully transparent, zero cost, trust based transactional recording and reporting environment where all Stakeholders including ASIC play. Why should everyone have separate ledgers for the same information and costly external trust guardians when the transaction should be the trust identifier. Goal would be that eventually this would be blockchain powered. This would remove annual cost of keeping filing info up to date with ASIC, accountants costs for duplicate share registries, real time deal reporting with continual visibility on transaction volume so abnormalities can be addressed by regulator and stakeholders, standarised templates to lower costs, transactions permanently stored with full transparent history, clear unambiguous risk warnings time stamped accepted and recorded as part of the open, shared, fully transparent, zero cost, trust based transactional recording and reporting environment. You wont need big buildings, bank vaults and floors of filing cabinets in the future to evidence a trust based funding transaction. Lets get a lead in the world and empower these brave passionate supporters and innovators now. ”