The existence of bitcoins and NFTs, and perhaps also the possibility of founding a company on a blockchain network, should have gotten around after 15 years. At present, software engineers continue to work on solutions in Web3, new business activities such as coin minting, blockchain...

How do you build the best board for your organization? What attributes and skills are required by law and what mix of experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a must for each board and how do you customize...

This article explores the federal securities law status of financial interests in for-profit social enterprise entities. When analyzed through the lens of the Securities Act of 1933 and the Securities Exchange Act of 1934, financial interests in social enterprise businesses raise both concerns...

I examine the JOBS Act of 2012, especially its crowdfunding provisions. In Section II., I discuss the main areas of the JOBS Act, specifically crowdfunding, emerging growth companies, changes to the small issues exemption, and the reporting company threshold. I note a strong shift towards...

German Abstract: Crowdinvesting eröffnet für kleine und mittelständische Unternehmen neue digitale Perspektiven der Projektfinanzierung. Seit dem Start der ersten deutschen Crowdinvesting-Plattformen wächst das vermittelte Volumen und damit auch die Bandbreite der angebotenen...

With a market share of 76.2 percent of the total German crowdfunding market with monetary consideration (German: Crowd-investing), real estate projects make up the largest part by far. Only a significantly smaller portion is used for classic start-up finance. The volume brokered, and the number...

The last decade or so has witnessed a proliferation in the introduction of corporate organisational constructs to facilitate social enterprise across many European jurisdictions. The purpose of this paper is to investigate this phenomenon, and provide an (initial) analytical framework through...

Initial Coin Offerings (ICOs) are currently one of the most fashionable topics in the area of financial markets. For token issuers, they are a success story. By the end of 2018 nearly $ 30 billion dollars have been raised in ICOs. From the investors' perspective, however, things do not look so...

The Jumpstart Our Business Startups (“JOBS”) Act of 2012 intends to “help entrepreneurs raise the capital they need to put Americans back to work and create an economy that's built to last.” The goal is to “democratize startups” by making capital available to diverse entrepreneurs in...

The real estate crowdfunding market in Germany and Austria has experienced a strong growth in recent years. By end of 2018 nearly € 400m have been raised through real estate crowdfunding in Germany. From the investors' perspective, however, things do not always look so shiny. More and more...