V.2, N.48 - The announcement by Mainvest, one of the most community-friendly federally registered investment crowdfunding portals, that it is shutting down in a few weeks is awful news. Sure, there are plenty of other portals operating, but nearly all of them have fledgling business models.
The end of MainVest is tragic. It is also a surprise. It was one of the more successful portals. Many are smaller still. The Crowdfunding Professional Association is advocating for a tax credit for small investors who invest in Regulation Crowdfunding offerings. Such an incentive could dramatically increase capital flows to small businesses under this exemption.
The end of MainVest is tragic. It is also a surprise. It was one of the more successful portals. Many are smaller still. The Crowdfunding Professional Association is advocating for a tax credit for small investors who invest in Regulation Crowdfunding offerings. Such an incentive could dramatically increase capital flows to small businesses under this exemption.