News

Gunster attorney David Scileppi was a member of a panel discussing crowdfunding, the hot new way entrepreneurs are quickly raising funds online for their businesses.

The event was hosted by the South Florida Business Journal, and sponsored by Gunster and SunTrust. SFBJ Editor-in-Chief Al Lewis moderated the April 10 panel.

According to the Business Journal article about the event, a few panelists mentioned that crowdfunding is easier for a startup to get than a bank loan. However, another panelist noted, just because there's money behind your business is no guarantee of success.

Planning ahead and getting others involved early is key to a startup's crowdfunding effort, several panelists advised. This includes expected financial backers, attorneys, bankers and accountants.

There are different types of fundraising entrepreneurs should consider, Scileppi pointed out at the event: Equity crowdfunding (which comes with its own set of complications), credited crowdfunding and even good old secured lending.

Scileppi is a shareholder in Gunster's Fort Lauderdale office. He co-chairs the firm's securities and corporate governance law practice, and focuses his work in the areas of securities, corporate governance, mergers and acquisitions, banking and financial services, and general corporate law.

The other event panelists were Kabeer Arora (Kabaccha Shoes), Jeff Nager (SunTrust Bank), Alex Rodriguez (Urban Drones), Heather Schwarz-Lopes (EarlyShares.com), Dawn Sole (Creatively Convenient), Gustavo Viera (Gustavo Viera, CPA) and Linda Worton Jackson (Salazar Jackson).

Read the article: Experts discuss what works – and what doesn't – with crowdfunding (South Florida Business Journal, 4/24/15)

Jump to Page

Gunster Cookie Preference Center

Your Privacy

When you visit our website, we use cookies on your browser to collect information. The information collected might relate to you, your preferences, or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. For more information about how we use Cookies, please see our Privacy Policy.

Strictly Necessary Cookies

Always Active

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Functional Cookies

Always Active

Some functions of the site require remembering user choices, for example your cookie preference, or keyword search highlighting. These do not store any personal information.

Form Submissions

Always Active

When submitting your data, for example on a contact form or event registration, a cookie might be used to monitor the state of your submission across pages.

Performance Cookies

Performance cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.

Powered by Firmseek