I have written previously on the current ability within Georgia to “crowdfund” Georgia-based companies by non-accredited Georgia investors here and here. If you are not yet aware of this new ability to help fund young Georgia startup companies, please do read the earlier articles
Let’s take a look at a few metrics below in the growth of our Georgia Crowdfunding Community I set up on MeetUp back in April. The intent of this Meetup group is to help form a Georgia-specific community revolving around the “Invest Georgia Exemption”(IGE). The IGE allows non-accredited investors (accredited investors, or “angel investors” already have the ability to invest in any private company) to invest in many young, private, Georgia based startups and allows Georgia-based companies to raise additional capital from a much larger segment of the Georgia population.
Here is a link to the Georgia Crowdfunding Community Meetup Group. Please join!
Georgia Crowdfunding Community Meetups to date:
April 17: 23 attendees
May 15: 150+ attendees
Future Scheduled Meetups:
July 30: Atlanta Tech Village
August 15: Atlanta Tech Village
Details on the upcoming July and August Meetups are on the Meetup site here.
April: 20 members
May: 50 members
June: 98 members (almost to 100!)
The Georgia Crowdfunding Community Meetup group is roughly doubling in membership every 30 days. In April when I first started the group, I was hoping for 100 members by end of June. We came close—96 members at the end of June!
I think this group needs to be MUCH MUCH LARGER. We need to set a new goal and try to hit 500 members by end of September!!
With the upcoming Meetups on July 30 (Atlanta Tech Village) and August 15 (ATDC), there will be a lot of activity in the market. To hit 500 members by September 30, we will all have to keep an eye out for those in the community who are interested in learning more about Georgia Crowdfunding and actively recruit them to this Meetup Group. Please push them to this group.
Can you imagine how much we can help build the crowdfunding community in Georgia if we have 500 members within 6 months? Wow.
I am continuing to work to help create a strong identity for the group and to establish priorities for this Meetup group to grow and flourish. Please let me know all of your thoughts, feedback and recommendations.