Filmed October 22, 2014, at the ULI Fall Meeting in New York City.
Out of nowhere, crowdfunding has taken off like a rocket. From a few pioneers, new companies are springing up everywhere. How is the crowdfunding model evolving? Is crowdfunding poised to become a viable scalable alternative to institutional joint-venture equity capital? Who will be the dominant players? What are the advantages and pitfalls of this new business platform? Are users going back for more? What are the social equity dimensions of the business? This panel delves into these and other issues in exploring this emerging capital market innovation.
- Moderator: Douglas S. Ellenoff, partner, Ellenoff Grossman & Schole LLP
- Benjamin Miller, co-founder, Fundrise
- Rodrigo Niño, president and chief executive officer, Prodigy Network
- Darren Powderly, co-founder of CrowdStreet
- Kevin B. Swill, chief operating officer, The Carlton Group
Read More at Urban Land Magazine
Challenges and Opportunities for Crowdfunding
The nascent, fast-growing phenomenon of crowdfunding in real estate financing hasn’t yet scratched the surface of its potential, according to participants in a panel at ULI’s 2014 Fall Meeting in New York City.