Banking & Finance  July 8, 2016

Far from the funding crowd

Designed to help companies grow, state law has yet to fulfill promise

By

Demetri Coupounas, founder of My Trail Co., has used a direct public offering to raise $470,000 within Colorado, along with a crowdfunding offering at the federal level, raising an additional $120,000 thus far. Coupounas said it’s too early to determine whether another funding mechanism — the Colorado Crowdfunding Act — will work. Jonathan Castner for BizWest

Ray Burrasca spits out three initials to describe the Colorado Crowdfunding Act, the state’s year-old equity-crowdfunding law that has yet to fund a single company: DOA.

“As far as I know, the…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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