'This is unprecedented that all Texas investors, regardless of their financial status, can access direct ownership of local and community based real estate investments,' Roach said.
San Antonio, TX (PRWEB) February 16, 2015
A San Antonio-based startup has become Texas’ first approved equity crowdfunding platform allowing entrepreneurs and investors to participate in the development and ownership of ventures across the state, officials said.
MassVenture’s platform (http://www.massventure.com) allows for all Texas investors – accredited and non-accredited - to gain equity in state-based ventures. The Texas State Securities Board, which reviews and regulates Texas crowdfunding portals, recently approved MassVenture’s application (Monday, Feb. 9), making it the first approved portal of its kind in the state.
MassVenture already has several ventures from seasoned Texas real estate developers being readied for release. Attorney Nathan Roach, MassVenture Co-Founder and CEO, and one of the primary leaders who helped shape the new Texas crowdfunding rules, points out the great impact in the investment community.
“This is unprecedented that all Texas investors, regardless of their financial status, can access direct ownership of local and community based investment,” Roach said. “We are honored and excited to be Texas’ first and only approved equity crowdfunding portal.”
Texas State Securities Board Commissioner John Morgan, whose agency enacted the rules, recently predicted that Texas will become a national leader in crowdfunding investment and growth. The new crowdfunding rules allow Texas-based entrepreneurs to raise up to $1 million per year. Offerings must be carried out through a registered broker-dealer or state-approved portal like MassVenture. Texas-based non-accredited investors may contribute up to $5,000 per offering, with no individual limits for accredited investors.
“We believe equity crowdfunding will catalyze new and wider prosperity, entrepreneurship and job growth in Texas,” Roach said. “With a population of more than 26 million, Texas is a massive market for companies wishing to raise capital through crowdfunding, and MassVenture serves as a great gateway for all Texans to participate in funding growth in their communities and the state at large.”
Spearheaded by experts in the legal, technology, banking and economic development fields, MassVenture has grown fast, with entrepreneurs and investors equally enthusiastic about the platform.
Amir Mirabi, most recently Governor Perry’s Director of Small Business, has joined MassVenture as VP of Business Development and expressed equal excitement about the industry.
“Capital sourcing, cost and readiness have long been challenges for growing Texas businesses,” Mirabi said. “The new [crowdfunding] rules allow portals like MassVenture to level the playing field for skilled entrepreneurs seeking funds, and smart investors seeking returns.”
Mirabi mentioned that MassVenture is designed to deliver a dynamic solution for new real estate projects with the ability for investors to quickly evaluate risk and return opportunity. The platform also provides entrepreneurs a solid platform for exercising statewide capital raises that can often help to leverage additional traditional capital pools like bank loans.
Mirabi added that owning and investing in real estate has long helped build prosperity and financial security for Texans.
Reflecting on the impact and importance of the new rules to Texas, Roach noted that MassVenture’s platform offers all Texans – entrepreneurs, investors, friends and neighbors - a great vehicle to help build the future of Texas communities.
“Traditionally the domain of the wealthy, the recent changes in Texas law open the investment floodgates for all Texans - and that’s a game-changer,” said Roach. “Equity crowdfunding provides a clear and promising new path for capital access and investment in Texas ventures.
“As the first state-approved portal, we encourage all investors and entrepreneurs to engage in this new and exciting opportunity at their earliest convenience,” Roach said.
MassVenture, based in San Antonio and with offices in Austin, is Texas’ first approved equity crowdfunding platform. With a focus on real estate investing, MassVenture allows all Texans the opportunity to participate in the ownership of dynamic ventures across the state.
For more details, please visit http://www.massventure.com
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