Indiegogo Launches Initial Coin Offering Service with MicroVentures, Heralding an Exciting New Chapter of Crowdfunding
Indiegogo's Global Platform Enables Anyone to Invest in ICOs that Comply with U.S. Regulations
Fan-Controlled Football League is First Company to Leverage New Service
SAN FRANCISCO - December 14, 2017 (Investorideas.com Newswire) Indiegogo, the global platform for entrepreneurs to bring their ideas to life, announces a new service that will enable its worldwide community to participate in ICOs by companies that have been carefully selected and that comply with U.S. securities regulations.
The new service signifies an exciting new chapter in the crowdfunding industry, which Indiegogo pioneered when it launched nearly ten years ago. With more than 15 million visitors every month, Indiegogo is the first global platform to expand the opportunity for participation in token offerings to anyone, including both accredited and non-accredited investors, through their partnership with MicroVentures. By carefully curating all token sales on the platform, Indiegogo's goal is to ensure that only high-quality and strictly vetted tokens and other unique digital assets are available to investors.
Indiegogo's new ICO service also helps entrepreneurs ensure they are compliant with U.S. securities laws. All ICOs on Indiegogo will be listed as part of the company's equity crowdfunding service, First Democracy VC - a FINRA registered funding portal which launched last year in partnership with MicroVentures - and comply with the SEC's equity crowdfunding regulations that were passed as part of the 2012 JOBS Act.
The first ICO being offered consists of rights to purchase tokens that will be issued by the Fan-Controlled Football League (FCFL), the ultimate crowdsourced football experience where fans will choose the team names, uniforms, players and even call the plays in real-time. The FCFL team includes notable executives from the NFL, San Francisco 49ers, and cryptocurrency experts from such projects as Ethereum and Bancor. The FCFL's ICO launches today as a pre-sale, enabling investors to get bonus tokens for early support, in advance of a final token sale by the FCFL targeted for early 2018.
"ICOs are a profoundly important and exciting new means of Crowdfunding," says Slava Rubin, Indiegogo Founder and Chief Business Officer. "But what has been missing to date is a platform that can make ICOs accessible to a global audience, while maintaining the strictest standards for legal compliance and quality control. This is a big step towards achieving our mission of democratizing finance around the world."
With more than $3 billion raised in 2017 alone, ICOs have become a leading source of funding for both entrepreneurs and established businesses. ICOs have also received significant interest from investors with the combined value of the world's cryptocurrencies now surpassing $400 billion.
Together, Indiegogo and MicroVentures have facilitated nearly $2 billion in funds raised across both rewards-based and equity crowdfunding campaigns. ICO offerings will be listed on both Indiegogo and MicroVentures, with the transaction being made through the companies' joint venture First Democracy VC or MicroVenture Marketplace Inc.
Indiegogo empowers people to unite around ideas that matter to them and together make those ideas come to life. Indiegogo's crowdfunding campaigns are where new and groundbreaking ideas take flight. With thousands of campaigns launching every week, there's ingenious tech, creative design, and much more around every corner -- often with special pricing for early backers as well as equity opportunities. The company was launched in 2008 and is headquartered in San Francisco, with offices in New York and Los Angeles. For more information, visit Indiegogo.com and follow us at Twitter.com/indiegogo and Facebook.com/indiegogo.
MicroVentures is an online investment bank, combining the best of venture capital with equity crowdfunding. We conduct detailed due diligence on startups and if approved we help them raise capital from angel investors. We are a FINRA registered broker-dealer, offering both primary and secondary investment opportunities through our user-friendly online equity crowdfunding platform. Our team of Series 7 licensed representatives is committed to personal relationships with our investors to provide high-touch customer service to help you to invest in startups with confidence.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The FCFL ICO described in this press release will only be made by means of separate offering materials (the "Offering Materials"), which include a white paper, a simple agreement for future tokens and (1) with respect to any investor participating in the offering being conducted under Regulation CF under Section 4(a)(6) of the Securities Act of 1933, as amended, the Form C and all exhibits thereto as filed with the Securities and Exchange Commission by the FCFL, and (2) with respect to all other investors, the offering memorandum previously delivered to such investors. Copies of these materials are available upon request.
Special Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented herein constitutes "forward-looking statements" within the meaning of the U.S. securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," "believes," or variation of such words and phrases that refer to certain actions, events or results to be taken, occur or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the FCFL and the ICO to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Also, forward-looking statements represent our estimates and assumptions only as of the date hereof. Potential investors should read the applicable Offering Documents completely and with the understanding that the FCFL's actual future results may be materially different from what we expect.
Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
John Eddy, 212-319-3451, ext. 648
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