The Cannon & LetsLaunch Partner to Strengthen Houston's Entrepreneurship Community
"This partnership allows people to access investment opportunities previously reserved for a small portion of the population while offering businesses another option to raise the funds they need”, said Nick Carnrite, Co-Founder & CEO of LetsLaunch.
HOUSTON, Texas (PRWEB) May 08, 2019
LetsLaunch is excited to announce a strategic partnership with The Cannon. The Equity crowdfunding site, LetsLaunch has teamed up with The Cannon, a coworking ecosystem for Houston's entrepreneurs, small businesses, freelancers, and creatives. The Cannon is in the process of creating a campus dedicated to entrepreneurship that is designed to help businesses thrive. Both organizations have come together to offer local entrepreneurs both an amazing community workspace as well as a robust crowdfunding platform that allows people of any experience level or net worth the chance to gain investment experience by starting with local start-ups looking to raise up to $1 million dollars.
The partnership with LetsLaunch provides Cannon Ventures, an investor network and venture studio, with a tool to allow smaller investments and non-accredited investors to participate in their investment opportunities. Prior to crowdfunding platforms such as LetsLaunch, only “accredited” investors, meaning individuals with a net worth excluding their primary residence of at least $1 million, were allowed to invest in private businesses. Since only 3% of the U.S. population falls into this category, the vast majority of the population was unable to invest in private businesses. Lawson Gow, Founder & CEO of The Cannon and Cannon Ventures, said “Our partnership with LetsLaunch creates a mechanism for all Cannon Ventures investors – large or small – to invest in promising private businesses throughout Houston”.
In addition, the partnership offers Cannon Ventures companies and businesses located at The Cannon properties throughout Houston with access to crowdfunded capital on LetsLaunch, which can be a simple and affordable alternative to traditional sources of funding such as bank debt or venture capital.
“The Cannon’s mission to help advance Houston’s entrepreneurship ecosystem is very much aligned with the reason we started LetsLaunch. This partnership allows people to access investment opportunities previously reserved for a small portion of the population, while offering businesses another option to raise the funds they need”, said Nick Carnrite, Co-Founder & CEO of LetsLaunch.
For more information about The Cannon, its incredible new facility or Cannon Ventures, please contact info@thecannonhouston.com. For additional information about LetsLaunch, check out letslaunch.com or please contact Rhian Davies, LetsLaunch’s VP Business Development, at rdavies@letslaunch.com.