Lawmakers who proposed creating local stock exchanges in Michigan so crowdfunding investors could get liquidity out of their equity investments have backed away from the legislation amid concerns from state and federal regulators.
As crowdfunding unfolds as an alternative for small businesses to raise startup funding, bankers are examining the role they can play in a new era of capital formation.
Michigan’s venture capital industry grew further in 2013, continuing the progress of the past several years.
A new state-backed early stage capital fund hopes to cut its first deal by early summer, executives say.
Two venture capital deals involving West Michigan companies follow a national first quarter trend of investors funding businesses in the later stages of development that have greater capital needs.
If you want to hit up the crowd for equity capital under Michigan’s new crowdfunding law, you’ll probably have to do it without Tweeting, Facebooking or Linking In details of your deal.
Federal regulators are close to deciding on Mercantile Bank Corp.’s delayed $151.5 million merger with Firstbank Corp.
The massive security breaches that compromised credit and debit card data for millions of holiday shoppers across the U.S. last year prompted a push for improving payment systems and tightening regulations.
Tom Edmonds is not against crowdfunding as a tool to make equity investments in small businesses. He just worries that it could lead to more people getting scammed.
The U.S. Small Business Administration wants to encourage more lending activity under its programs by continuing to waive certain fees for another year.
Advocates of using crowdfunding to raise capital for small businesses are preparing to get the word out on how the practice works now that it has been legalized in Michigan.
As Kyle DeWitt and award-winning brewer Tim Schmidt started raising capital to launch a new brewery in southeast Michigan, they “hit a wall” in the amount of funding they could secure through traditional sources.
Michigan’s lawmakers approved crowdfunding less than 90 days ago. Now they want to authorize stock exchanges. As legislators rush to position the state as a pioneer in equity crowdfunding, experts say there are lots of unanswered questions for business owners and investors.
After doubling revenues to more than $80 million and closing nine deals in 2013, insurance broker Acrisure LLC remains on an ambitious growth path that follows a consolidation trend in its industry.
Two West Michigan-based credit unions are expanding their footprints in pursuit of greater growth.
After committing all of its first-year capital, Muskegon Angels LLC may look to spread its wings further in 2014.