My company, CapLinked, has been in the news a fair amount in recent weeks.
Earlier this month, Forbes published a Q&A with me about using CapLinked to manage a business transaction such as a capital raise:
Q: How does the system work? What are the benefits?
A: CapLinked is a collaborative platform for making business transactions simple and secure. While Fortune 500 companies have the option of using expensive virtual data room services such as Intralinks, startups and other middle-to-lower-market companies haven’t had an affordable platform designed to help them manage transactions. That’s where CapLinked comes in.
TechCrunch covered our recently announced partnership with Startup America:
CapLinked’s platform includes private workspaces where entrepreneurs and investors can share fundraising documents and manage other transactions, as well as a network tools for connecting the two groups can meet. Now startups who are enrolled in Startup America will now get access to the company’s premium features, says CEO Eric Jackson. Those tools include workspace activity reports, multiple workspace administrators, the ability to create additional workspaces, plus more tools for networking with investors.
PandoDaily reported that online accelerator Wahooly has chosen CapLinked to help them manage due diligence and investor reporting for their startups:
Wahooly is a service that gives actual startup equity to influential people in exchange for their social media marketing services. That might sound like a recipe for legal disaster, but today the company took a step toward bringing further legitimacy to it’s platform. The company has teamed up with financial services startup CapLinked to help the company perform due diligence, without the hassle of face-to-face meetings.
VentureBeat recently published my editorial 6 Tips for Raising Capital in 2012. One of the most important tips I included was a warning not to break the ban on public solicitation of a private offering:
There’s a lot of euphoria out there now about the potential for crowd-funding to ease restrictions on obtaining startup capital. But nothing has yet been signed into law yet. For now, make sure you’re familiar with Regulation D, which governs who can invest in a private company. Reg D also puts strict limits on public advertising for private investment opportunities, so be sure that you’re not soliciting investments on a public medium such as Twitter or your blog.
Many entrepreneurs have no idea that Reg D exists — we sometimes hear from CapLinked users who ask how they can advertise their private deal room in tweets. (You can’t! It’s private for a reason.) Click here to read the other 5 tips that I shared.
Earlier this week I appeared as a guest on Tech Coast Angels’ “Business Communication” show hosted by Barbara Seymor Giordano. The topic was “How to Raise Money in a Tough Economy,” and we discussed a number of strategies and tactics for getting funding for your business. I explained how companies can use CapLinked to help manage their capital raise, and I slipped in some old PayPal war stories, as well. Click here to watch the video on Vokle.
My appearance yesterday on Bloomberg TV discussing tech valuations:
Earlier this week, we announced that we had closed a $525K funding round for CapLinked. Angels participating in the round included PayPal alumni Peter Thiel (co-founder of PayPal), Dave McClure’s 500 Startups, Joe Lonsdale (co-founder of Palantir), and Aman Verjee (CFO of Sonos), as well as David Anderson’s 7th Rig. Read the full account on CapLinked’s blog to see how we used our own product to facilitate the raise.
If you haven’t checked out CapLinked yet, take a minute to read this recent post from CapLinked’s blog entitled “Why the World Needs CapLinked.” It explains why Chris Grey and I started this company to help entrepreneurs and investors, how our platform is different from other services, and what it enables users to do.
The good folks at SoCalTECH published an interview with me today. We talked about the inspiration for CapLinked, how a collaborative network can create value for companies and investors, and how the PayPal Mafia got started.