IS CROWDFUNDING BEING — USED?

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The SEC is not provided any official updates on the number of Regulation CF offerings being made. A review of the SEC’s at EDGAR  website reflects an average of 3-4 Form Cs filed each week.

Based on a survey of a few equity crowdfunding portals, there are over 100 crowdfunding offerings in progress and over 100 already funded. As of December 2016, there were about 25 crowdfunding intermediaries (other than broker-dealers) registered with FINRA.  The largest company, wefunder.com, claims to have sponsored 144 startups and raised $29 million from 81,298 investors.

http://www.finra.org/about/funding-portals-we-regulate

Most of the featured companies sell unique consumer items or products, such as digital guitars, distilled spirit companies, restaurants or very early stage technology companies. Products tend to be marketed to average, non-sophisticated investors.

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