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Nova Law Review
Volume 42, Issue 3 2018 Article 3
Equity Crowdfunding Portals Should Join And Enhance The Crowd By Providing Venture Formation Resources
Jeff Thomas∗
∗Central Michigan University
Copyright c 2018 by the authors. Nova Law Review is produced by The Berkeley Electronic Press (bepress). https://nsuworks.nova.edu/nlr Thomas: Equity Crowdfunding Portals Should Join And Enhance The Crowd By
EQUITY CROWDFUNDING PORTALS SHOULD JOIN AND ENHANCE THE CROWD BY PROVIDING VENTURE FORMATION RESOURCES
JEFF THOMAS*
I. INTRODUCTION...... 375 II. WHAT VENTURE FORMATION RESOURCES COULD INCLUDE...... 378 A. haracteristics of nite tates’ it ro f n e Companies ...... 379 B. Resources Used by Venture Capital-Backed Companies ...... 381 C. One Size Does Not Fit All but It Fits Many...... 385 D. Different Platforms for Different Types of Ventures...... 390 III. PROVIDING RESOURCES WITHOUT PRACTICING LAW...... 392 IV. BENEFITS OF PORTALS PROVIDING VENTURE FORMATION RESOURCES ...... 395 A. An Assembly Line That Reduces Transaction Costs ...... 395 B. An Engine That Accelerates Growth and Creates Wealth ...... 396 C. Benefits That Transcend Issuers and Investors...... 399 V. POTENTIAL TRADE ASSOCIATION ROLE ...... 401 VI. CONCLUSION ...... 403
I. INTRODUCTION