iCrowd Launches Social Platform for Investment Crowdfunding
-- Platform Inviting Users to Create Free Accounts --
RYE, N.Y., Feb. 20, 2013
RYE, N.Y., Feb. 20, 2013 /PRNewswire/ --iCrowd, the most advanced social
network for investment crowdfunding in the U.S., today announced the launch of
its web-based portal for entrepreneurs. At iCrowd.com small businesses will
find communities of entrepreneurs, mentors, peers, and experts to gather
advice and support. iCrowd will offer small enterprises the opportunity to
create the networks and relationships crucial to their success. As small
businesses await final SEC regulations under the JOBS Act, iCrowd.com provides
tools they can use today to address the non-financial concerns all small
businesses share and to prepare for investment crowdfunding once it is
iCrowd is led by founding partners and entrepreneurs John Callaghan, a former
Wall Street portfolio manager, security analyst, and expert in small
capitalization businesses, and Brad McGee, who served as the Executive Vice
President and Chief Strategy Officer of Tyco International Ltd. and Chief
Administrative Officer of the CIT Group.
"Working as an analyst and a small-cap growth portfolio manager, I saw the
parallel frustrations of small business owners who were unable to raise
capital and investors who were unable to buy into early-stage companies," said
John Callaghan. "The internet has opened many opportunities for individuals to
take charge of their investments. Investment crowdfunding will be the next
step in that evolution."
The first phase of iCrowd's site will include tools to arm entrepreneurs with
knowledge and enable them to develop networks of interested parties to help
them grow their businesses.
"Social interaction is the key to investment crowdfunding. Raising capital is
critical to business success, but it is not sufficient. Development of
interactive networks of supporters and potential partners along with access to
sound business advice is crucial to transition entrepreneurs from people with
ideas to people with successful businesses," said iCrowd co-founder, Brad
McGee. "iCrowd makes it possible for entrepreneurs to develop those
Functions of the platform include:
User Profiles – Profiles are an online brand. A user profile describes
interests, expertise, and background that is be searchable by other users to
foster productive connections.
iCrowd Academy – Continuing education is essential for entrepreneurs. The
Academy provides guided topics on a range of subjects focused on launching,
developing, and growing businesses.
Ask the iCrowd – Startups and small businesses face problems whose solutions
will shape their success. Ask the iCrowd is a vast resource of commonly asked
questions and well-thought answers that provide advice to guide small
businesses. Users are invited to ask new questions to address their specific
Advisory Boards – Advisory Boards help mentor entrepreneurs and guide them
through the intricacies of starting and operating a business. Users can
interact in private with a team of advisors they assemble at iCrowd.com.
These private networks have secluded forums to provide business-specific
advice and feedback.
Groups – Groups are iCrowd communities formed around mutual interests and are
designed to stimulate discussions among members. Groups can be public, by
invitation, or private.
Recognition – iCrowd rewards active and informed contributions by users.
This recognition helps establish credibility and provides other users with a
pathway to identify key thought leaders.
Starting immediately, prospective users are welcome to sign up for a free
account at www.iCrowd.com. For a limited time, new users will be "Founding
Members" which grants them esteemed recognition within the iCrowd community.
The iCrowd Partners Program is actively pursuing creative ways to join forces
with businesses and industry influencers through cross promotions, affiliate
arrangements, sponsorships and custom strategic partnerships. Additionally,
the iCrowd Validated Experts Program is seeking experts to promote their
capabilities and services to the iCrowd community. Information about both
programs is available at www.iCrowd.com.
iCrowd LLC is committed to providing advice and education to help
entrepreneurs succeed in starting and/or growing their business. Through a
richly interactive web-based community, primarily supported by user-generated
content, iCrowd promotes socially enriched exchanges that foster a shared
passion for inspired ideas to empower entrepreneurs with the information,
insight, and motivation necessary to translate these concepts into tangible
iCrowd intends to become a premier, registered funding portal once the final
rules for Investment Crowdfunding under the JOBS Act are implemented. At that
time, iCrowd will enable entrepreneurs to engage with each other and with
potential investors to fine-tune their business concept or growth idea and
secure financing directly from these investors. Investors become an integral
part of the entrepreneur's success through their advice, investment, and
advocacy. More information about iCrowd can be found at www.icrowd.com.
Disclaimer: This is not an offer to sell or a solicitation of any offer to buy
any securities.References to investments or investors are intended solely for
Contact: Stephanie Dressler
Dukas Public Relations
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